Monday, January 04, 2010

Passion for Life / Emini Futures Trading - Monday January4th, 2010

(QQQQ)(SPY)(DIA)(GLD)(SLV)

"Never be lacking in zeal, but keep your spiritual fervor, serving the Lord"
(Romans 12:11, NIV)
The truth is, most of life can be very routine. We have to work to keep things fresh. We have to put forth effort to stay passionate about our jobs, relationships, and our walk with the Lord. I believe every day we need to stir ourselves up. Just like the apostle Paul told Timothy, today I'm telling you to "fan your flame!" In other words, don't let the fire go out. 
In 2010 I plan to press on toward the goal for the prize of the high calling of God in Christ Jesus like never before. In my relationships, my marriage, my trading, and most of all, in my service to Him. Forgetting the things that are behind - Even that part of the race which is already run. And reaching forth unto - Literally, stretched out over the things that are before - Pursuing with the whole bent and vigour of my soul, perfect holiness and eternal glory. In Christ Jesus - The author and finisher of every good thing.

I encourage you to embark on this wonderful journey with me.

And the Good News friend - 

"Should we fail...should we fall...we fall at His feet."

Webinar- Thursday January 7th, 2009






1/4/2010 5:01 PM  ET (RTTNews) -  Stocks rose by notable margins to open the new year on Monday amid some general economic optimism and better-than-expected news from the manufacturing sector. The major averages rallied to their best closing levels in fifteen months. The Dow posted a triple digit gain, rising by more than 155 points.

Early optimism was solidified by a report from the Institute for Supply Management showing that its index of activity in the manufacturing sector jumped to 55.9 in December from 53.6 in November, with a reading above 50 indicating growth in the sector. Economists had been expecting the index to increase to a reading of 54.3.

With the bigger than expected increase, the manufacturing index rose to its highest level since April of 2006, when it came in at 56.0.

S&P 500 Emini Futures Trading


Pre-market trading presented a pullback entry at the 1116/1117 zone. 7 points higher the market pulled back to our 1122/1123 zone (1123.25) to be exact and tagged our EMA creating a picture perfect entry for the continued move higher. Price peaked at 1129.75 just short of out next decision area at1131/1132 and consolidated in a very narrow range for the final 3 hours of trading. So far on the Globex session things are very quiet...

Certainly a much brighter start than we saw on the first trading day of 2009, and a great day for the shareholders of Santa Fe Gold Corp.

We're going to hold off on our Soybean commentary for a few days but here's a peak at our chart and how price played with our zones.



As Always
Pray Hard & Trade Safe
CT

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