Thursday, May 27, 2010

Choose This Day / Emini Futures Trading

(QQQQ)(DIA)(SPY)



"…choose for yourselves this day whom will you serve…"
(Joshua 24:15, NIV)



You may be an ambassador to England or France
You may like to gamble, you might like to dance
You may be the heavyweight champion of the world
You may be a socialite with a long string of pearls.

But you're gonna have to serve somebody, yes indeed
You're gonna have to serve somebody,
It may be the devil or it may be the Lord
But you're gonna have to serve somebody.

Joshua made a definite stand! A powerful one. Against the odds. He must have been rediculed, persecuted, and abandoned. His decision was unpopular to many people who chose to worship their idols, their wealth, their jobs, and their possessions.

Joshua was a military leader, a prophet, a judge. He was a man of influence. A spy. A war strategist famous for breaking down the walls of Jericho.

Joshua challenges us. No doubt about it. How can't you not be motivated by his famous words? Be strong and courageous! Be strong and very courageous! Fear the LORD! Now he asks us: Whom will you serve? Who will be your master? Who will be your King? You have to choose.

This is my stand. As for me and my house, we will serve the LORD! (Joshua 24:15)

If you take that stand as I am, this is Joshua's instructions. “Do not let this Book of the Law depart from your mouth; meditate on it day and night, so that you may be careful to do everything written in it.”(Joshua is 1:8) For us Christians, the Word of God is our lifeblood. It's the lamp upon our feet and the light unto our path.

Let us adopt to Joshua's strategies and for sure we can win our battles. We can break down our modern Jericho walls of "sexual immorality, impurity, lust, evil desires and greed, which is idolatry" (Colossians 3:5) As William Hazlett puts it: " If you think you can win, you can win.  If you think you can't, your also right. Faith is necessary to victory."
 

Stack Trade Results for 5/27/10

 
Trade Stalker Results for 5/27/10
The second 25+ point open in 3 days for the ES happened on
the upside on Thursday, and from the 1089.25 big resistance
area the market pulled back for about 30 minutes and turned
back up. The ES went from 1082.50 up to the 1094 resistance
area and then traded sideways going into early afternoon.
The 1089-1088 updated support was reached, and from 1087.50
a quick reversal occurred and a rally back to the 1094.75
area followed. A pullback then held at the 1091.50 updated
support and then the market broke the range to the upside.
The 1097.75-1098.50 zone was rejected but the market refused
to buckle and with 30 minutes left the market headed back up
and reached the 1103 level on the SP500 cash at the close.

The market had a strong move higher, similar to Monday's big
up move. The closing Trin was an extreme .32, about as
strong internally as it gets. In addition, the Vix imploded
15% and gave a couple of sell signals. The RBI oscillator is
very overbought, among other short term gauges.

 
Weekly Trading Zones

“I give my life for the sheep.” 
John 10:15
The ropes used to tie our Lord’s hands and the soldiers used to lead him to cross were unnecessary. They were incidental. Had they not been there, had there been no trial, no Pilate and no crowd, the very same crucifixion would have occurred. Had Jesus been forced to nail himself to the cross, he would have done it. For it was not the soldiers who killed him, nor the screams of the mob. It was his devotion to us.

Who you gonna choose?

Pray Hard & Trade Safe!
CT

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