Friday, July 30, 2010

Emini Futures Trading / Week In Review

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



"Thou wilt keep him in perfect peace, whose mind is stayed on thee: because he trusteth in thee." Isaiah 26:3





Weekly Trading Zones / Week In Review
Subscribers receive our Weekly Support and Resistance levels before the market opens Monday morning.

S&P 500 Emini Futures / ES

Dow Emini Futures / YM

10K Chart for Friday

ES Daily Chart Price Channel

Curious where the market will go next week?  

Click Here and we'll tell you...
(Limit 1 Offer Per Household)
=)


Pray Hard & Trade Safe!
CT

Thursday, July 29, 2010

Emini Futures Trading / Live Chart Beta Test Continues

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



 Jesus said, "Get up, take your bedroll, start walking." The man was healed on the spot. He picked up his bedroll and walked off.
John 5:8-9 The Message






Do YOU want to be made well?
Jesus raised the dead, cast out devils, opened blind eyes and healed every disease known to man. As well as, fed the poor, calmed the stormy seas, and walked on the water. What these mighty miracles proved was that He had the power over any challenge that presented itself. So whatever your illness might be, or whatever problem you are dealing with, whether it is health related, financially related, or mentally related, write it on this line ________________ and answer the question Jesus asked the invalid at the pool, “Do you want to be made well?” Do you want to break the power of the spirit that keeps you poor, anguished, and in ill health? “Do you really want to be made well?” If you do; you have a part to play in your recovery.


 
LIVE Chart Beta Test
The Beta Test continues... Over the next few days we will continue testing our Live Charts. The audio portion of our program will continue to be broadcast live on CFRN and our daily podcast will still be available for those unable to tune in live. Our broadcast will begin Friday morning @ 11AM EDT. To view charts - Click Here!



Weekly Trading Zones / Daily Results
S&P 500 Emini Futures / ES

S&P 500 Emini Futures / ES


Dow Emini Futures / YM



Today's Setup
The Weekly Trading Zones have been especially generous this week with numerous picture perfect entries. Don't get spoiled... Today during the show we saw what appeared to be a possible double bottom forming on the ES at the 1089/1090 WTZ. We then drew a trend line from the 1113/1114 high of the day down and across the top that formed at the 1107/1108 WTZ which is labeled "A" on the chart below. We surmised that if in fact we did have a double bottom that the move should at least be good to the trend line which also happened to be the 1095/1096 WTZ. Here's where the rubber meets the road - How do we get triggered in? We draw a simple trend line which is labeled "B". If "B" is broken the trade is to "C" our way up to "A". David Williams had just handed us an hourly road map that said to look for an 8 point advance, a pull back and then a continued advance of I believe 10 points. When we closed the show we had completed the ABC and said that a pullback into the WTZ at 1095/1096 could be a good spot for the hourly road map to continue its advance. Just got home from my meeting and had a look at what happened. WOWZA! Love it when that happens. And what's really nice, when I'm away or busy, Burt has legal authorization to execute on my behalf.

S&P 500 Emini Futures / ES 10K Chart

Pray Hard & Trade Safe!
CT

Wednesday, July 28, 2010

Emini Futures Trading / Let's Make A Deal

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


“Trust in the Lord with all your heart; do not depend on your own understanding. Seek his will in all you do, and he will show you which path to take.”
Proverbs 3:5-6




LIVE Chart Beta Test
The Beta Test continues... Over the next few days we will be testing our Live Charts. The audio portion of our program will continue to be broadcast live on CFRN and our daily podcast will still be available for those unable to tune in live. Our broadcast will begin Thursday morning @ 11AM EDT. To view charts - Click Here!
 
Weekly Trading Zones / Daily Results




Pray Hard & Trade Safe!
CT



Tuesday, July 27, 2010

Emini Futures Trading / As Good As It Gets

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


 “Let me hear of your unfailing love each morning, for I am trusting you. Show me where to walk, for I give myself to you. Teach me to do your will, for you are my God. May your gracious Spirit lead me forward on a firm footing.”
Psalms 143:8,10



 

LIVE Chart Beta Test
Over the next few days we will be beta testing our Live Charts. The audio portion of our program will continue to be broadcast live right here on CFRN and our daily podcast will still be available for those unable to tune in live. Our broadcast will begin Wednesday morning @ 11AM EDT. To view charts - Click Here!

Weekly Trading Zones / Daily Results
Tonight one chart says it all so eloquently, I shall leave it at that...


Pray Hard & Trade Safe!
CT


Monday, July 26, 2010

Emini Futures Weekly Trading Zones

(SPY)(DIA)(GOOG)(MSFT)(AAPL)



"Be still, and know that I am God"
(Psalm 46:10, NIV))




Google, Microsoft battle for cloud control. Google (GOOG) and Microsoft (MSFT) are competing to supply the government's General Services Administration with web-based email and other software. It's a key contract, not just because of its size (covering roughly 15,000 employee email accounts) but because the GSA often influences how other federal agencies acquire new technologies.

U.A.E. targets BlackBerry. The United Arab Emirates said Research In Motion's (RIMM) BlackBerry is operating "beyond the jurisdiction of national legislation" and is open to misuse that poses security risks. The UAE said it would seek to safeguard its consumers and laws. Coming just months after Bahrain warned against the use of BlackBerry Messenger software, the comments raise concerns that other Gulf countries may opt to curb certain BlackBerry apps, giving an advantage to rivals like Apple (AAPL).

Madoff "net winners" brace for lawsuits. Madoff trustee Irving Picard is preparing to file a wave of lawsuits against Madoff investors who were "net winners," ultimately withdrawing more than they had originally deposited. Picard said these investors "made money at the expense of the people who didn't," and intends to claw back some of the funds for redistribution to other Madoff victims. The "net winners" protest they shouldn't be punished for withdrawing funds that turned out to be just a fraction of what they thought they had in their accounts.

Friday's failures. Seven banks were closed on Friday, bringing this year's total failures to 103 so far. The banks (in Florida, Georgia, South Carolina, Kansas, Minnesota, Nevada and Oregon) had about $2B in deposits combined, and their resolution will cost the FDIC an estimated $431M.

Emini Weekly Trading Zones
Click Here to receive the Weekly Trading Zones via email every Sunday night.

S&P 500 Emini Futures / ES
1130/1131
1113/1114
1107/1108
1095/1096
1089/1090
1078/1079
1060/1061

Dow Emini Futures / YM
10,654
10,496
10,440
10,338
10,283
10,180
10,022





Daily Chart


Pray Hard & Trade Safe!
CT


Emini Futures / Read the Greed-LIVE VOL II

We've put up a sneak peek of "Read the Greed-LIVE!:VOL II"
for all of you who've been itching to get a look at it. You
can click on the link below to check it out:


A trader wrote in and told us he'd like to see..."Exactly
when Mike pulls the trigger on the trade...maybe something
like, "OK here's a set-up developing and I'm going to go
short when price reaches (or set my limit price at)...and
then maybe say bang I'm in right now at 1480." That way we
can see exactly when and where Mike's entered the trade."

Well, that is EXACTLY what you're going to get in "Read the
Greed-LIVE!:VOL II" Mike managing trades "live" in real time.
There is NO DOUBT that the impact this course is going to
have on traders is going to be incredible!

Also, we've been fielding ALOT of questions regarding the
upcoming course. We'll be addressing these questions,
comments, and concerns more in depth soon, but in the
meantime, here are a few of our most asked questions.

Question #1- "Trading courses are all the same. I've spent
so much time and money on trading courses that I can't even
use...how is yours any different? and what exactly is
included in your course?"

Question #2 - "Do you offer any kind of support once someone
buys the course?"

Question #3 - "How much is the course going to cost?

Question #4 "Nothing will work for me! I've been trading for
4 years and I've tried several different systems and nothing
seems to help me get turned around. Each year I've lost more
than I've made! - I don't have any doubt that your system
works. I subscribe to your nightly numbers and I'm amazed
how accurate your levels are. To be honest, I'm just afraid
of spending money on another system that just isn't going to
work for me."
Question #5 "I already have the original "Read the Greed-
LIVE!". Am I going to have to purchase this whole new
course, or can I just buy the additions?"

We'll be posting the answers to these questions and more in
a few days, so stay tuned!

Blessings
CT


Sunday, July 25, 2010

Cordoba House Becomes Park 51

No Mosque

The plan to build a mosque in New York City near the site of where the World Trade Center once stood has sparked outrage across the nation from 9/11 victims' families to high level politicians.
The New York Daily News has reported that the developers have changed the name of the proposed Islamic center. It had been referred to as the Cordoba House.

Cordoba, Spain was a key city captured by Muslim conquerors who immortalized their victory over the Christian Spaniards by making the city's church into the world's third-largest mosque.
However, the NYC mosque, which developers want to build near Ground Zero, is no longer being called the Cordoba House. Instead, the developers have renamed the project Park 51. 



Former Muslim Walid Shoebat appeared on the Friday, July 23 edition of the CBN Newschannel's Morning News to talk about Muslim history and how the name "Cordoba" is recognized by Islamists around the world. Shoebat is the author of the book titled For God or For Tyranny. Click play to watch the extended interview

Saturday, July 24, 2010

No Mosque


There should be no mosque near Ground Zero in New York so long as there are no churches or synagogues in Saudi Arabia. The time for double standards that allow Islamists to behave aggressively toward us while they demand our weakness and submission is over.

The proposed "Cordoba House" overlooking the World Trade Center site – where a group of jihadists killed over 3000 Americans and destroyed one of our most famous landmarks - is a test of the timidity, passivity and historic ignorance of American elites.  For example, most of them don’t understand that “Cordoba House” is a deliberately insulting term.  It refers to Cordoba, Spain – the capital of Muslim conquerors who symbolized their victory over the Christian Spaniards by transforming a church there into the world’s third-largest mosque complex.

Today, some of the Mosque’s backers insist this term is being used to "symbolize interfaith cooperation" when, in fact, every Islamist in the world recognizes Cordoba as a symbol of Islamic conquest.  It is a sign of their contempt for Americans and their confidence in our historic ignorance that they would deliberately insult us this way.

Those Islamists and their apologists who argue for "religious toleration" are arrogantly dishonest. They ignore the fact that more than 100 mosques already exist in New York City. Meanwhile, there are no churches or synagogues in all of Saudi Arabia. In fact no Christian or Jew can even enter Mecca.

And they lecture us about tolerance.

If the people behind the Cordoba House were serious about religious toleration, they would be imploring the Saudis, as fellow Muslims, to immediately open up Mecca to all and immediately announce their intention to allow non-Muslim houses of worship in the Kingdom.   They should be asked by the news media if they would be willing to lead such a campaign. 

We have not been able to rebuild the World Trade Center in nine years.  Now we are being told a 13 story, $100 million megamosque will be built within a year overlooking the site of the most devastating surprise attack in American history.

Finally where is the money coming from?  The people behind the Cordoba House refuse to reveal all their funding sources.

America is experiencing an Islamist cultural-political offensive designed to undermine and destroy our civilization. Sadly, too many of our elites are the willing apologists for those who would destroy them if they could.

No mosque.

No self deception.

No surrender.

The time to take a stand is now - at this site on this issue. 

Friday, July 23, 2010

Emini Futures Trading / ES Up 7 Ticks

(QQQQ)(SPY)(GDOT)(DELL)(BP)

 “Trust in the LORD with all your heart; do not depend on your own understanding. Seek his will in all you do, and he will show you which path to take.”
Proverbs 3:5-6

“My child, pay attention to what I say. Listen carefully to my words. Don’t lose sight of them. Let them penetrate deep into your heart, for they bring life to those who find them, and healing to their whole body. Guard your heart above all else, for it determines the course of your life.”
Proverbs 4:20-23

Show Me The Way
 
 
Webinar Tomorrow
Understand the Big Picture Using the Vix w/ Mike Reed 
Saturday July 24, 2010 11:00AM EDT
 
 
Dell settles with the SEC. Dell (DELL) agreed to pay $100M to settle accounting charges by the SEC, and CEO Michael DEll will pay $4M to settle disclosure-related allegations. Regulators had alleged that Dell improperly hid the effect of massive payment from Intel (INTC) earlier this decade that inflated earning and misled investors. Dell neither admitted nor denied wrongdoing.
 
Probe turns to two BP managers. Two BP (BP) managers have been named "parties of interest" in a federal probe of the Deepwater Horizon oil rig disaster, indicating they're potential targets of the investigation. Robert Kaluza, a BP employee overseeing operations on the rig, and Patrick O'Bryan, BP's vice president in charge of drilling, are the first BP employees to be named as targets in the case; five employees of Transocean (RIG) had previously been named. While the probe continues, BP's relief efforts in the Gulf have temporarily ceased, delayed by tropical storm Bonnie which could reach the well site by tomorrow.
 
Green Dot's dapper debut. Prepaid debit-card provider Green Dot (GDOT) priced above its $32-35 range in a $164M IPO, and saw shares rise 22.2% yesterday to $43.99. It's a windfall for owners like Wal-Mart (WMT) and investors have high hopes for Green Dot, which has doubled earnings every year since 2006. However, the excitement may have gotten out of hand, as even at the midpoint of its original IPO range, the stock's P/E of 27 was higher than competitors like Visa (V).
 
Week in Review
The S&P 500 Emini Futures contract is up only 7 ticks over the last 7 sessions but that measly 1 3/4 points is still a potential short term game changer from a purely technical perspective. 
 
Personally, I still want to be convinced. If the market does not get whacked on the open Sunday night or on Wall Street's open Monday morning, I'll throw in my shorts and follow the herd like a good sheeple... at least  'till the weather changes.


Weekly Trading Zones / Weekly Results
 
Leftover's
I was going to publish this weeks 10K price action in its entirety on last weeks zones but I've decided against it. I have the chart but it somehow feels scripted or cherry picked. It simply is what it is... You have the price action on your own platform and the zones from last week are still right here on the site. If you really want to know what it looks like, then invest 5 minutes putting together the chart for yourself. It will be far more meaningful that way. I promise...

Pray Hard & Trade Safe!
CT

 

Thursday, July 22, 2010

Emini Futures Trading / ...so they huffed and they puffed to get back to last Friday

(QQQQ)(DIA)(SPY)(GOOG)(XOM)


“Let us then approach the throne of grace with confidence, so that we may receive mercy and find grace to help us in our time of need.”
Hebrews 4:16

“This is the confidence we have in approaching God: that if we ask anything according to his will, he hears us. And if we know that he hears us—whatever we ask—we know that we have what we asked of him.”
I John 5:14-15

There are many different ways you can approach God. You could be fearful, apathetic, humble, arrogant, with faith or without it, confused or assured, angry or in worship. You can also come to God with full assurance and confidence that He loves you and will... 

  

Oil firms team up on spill response system. Exxon Mobil (XOM), Chevron (CVX), Royal Dutch Shell (RDS.A) and Conoco Phillips (COP) announced they will form a joint venture to design, build and operate a rapid-response system to capture and contain catastrophic deepwater spills, in a bid to regain public confidence in the oil industry. The companies will evenly split an initial $1B investment in the non-profit JV, and the system will be able to handle a spill of up to 100,000 barrels of oil per day flowing 10,000 feet below the surface of the sea; in comparison, the spill from BP's (BP) Gulf well was leaking 60,000 barrels per day at a depth of 5,000 feet below the surface. BP wasn't asked to join the JV, said Exxon CEO Rex Tillerson, because "we don't want to distract them at all."  

States jump onboard Google probe. Connecticut's attorney general said 37 states have joined his investigation of Google (GOOG) and that he's still seeking information about whether privacy laws were broken when Google's Street View collected the personal data of unsuspecting internet users. Google faces a Friday deadline to respond to information requests, including whether it sold or used any of the information it collected.

Weekly Trading Zones / Daily Results
...so they huffed and they puffed to get back to last Friday. Almost. Last Thursday the S&P Emini Futures closed the day session @ 1090.50. Five (5) trading days later we close @ 1087.75. 

Perhaps an Asian rally and can get us back to break even.
(did I say that out loud?)




 
The big question now is can the market close the week above the 50 Period Moving Average on the Weekly Chart?


Here's one more look at Leftovers. ES & YM. 





Pray Hard & Trade Safe!
CT



Wednesday, July 21, 2010

Emini Futures Trading / Market Reverses At 1085-1086 Weekly Trading Zone

(QQQQ)(DIA)(SPY)

“Now to him who is able to do immeasurably more than all we ask or imagine, according to his power that is at work within us, to him be glory in the church and in Christ Jesus throughout all generations, for ever and ever! Amen.”
Ephesians 3:20-21


Got Doubt?
Bill Johnson, in his book, When Heaven Invades Earth, writes, “Faith is not the absence of doubt. It is the presence of belief.” So maybe today we shouldn’t worry about our doubts. It’s okay to have them. We all do. Perhaps we should just focus on believing what God has said...

 
 
Upcoming Webinars
Capture the Move w/ Burton Schlichter
Thursday July 22, 2010 2:30PM CDT
 
Understand the Big Picture Using the Vix w/ Mike Reed 
Saturday July 24, 2010 11:00AM EDT
 
 
Weekly Trading Zones / Daily Results 
When the US market's opened today I heard Aretha belting it out clear as day "R-E-S-P-E-C-T". Although the Globex session managed to tip-toe up to 1087.75, Wall Street drew the line at exactly 1085.50 which was the respect we spoke of in last night's post. Not only was the Weekly Trading Zone 1085/1086 in play, we were also testing the upper boundary of our price channel on the daily chart. 
 
 Here's a view of the current Price Channel on the Dow Emini Futures


 Here's the ES Price Channel on a Daily Chart (a.k.a. Burt's Big Point)


Today's 30 Min Intra-day Chart
Candle #1 is the 30 minutes prior to the US open and is an inside candle or what is often referred to as an engulfing pattern. This is a rather poor example of an engulfing pattern but it does meet the minimum criteria and does result in substantial follow through. Specifically, the inside candle represents a period of contracted volatility. If, in an uptrend, volatility begins to slow and the market fails to make a new high (as illustrated by the inside candle), then we can deduce that strength is waning and that the chance for a reversal exists. This is merely a heads up alert as to what may or may not happen next. It's now time to sit up straight in your chair.

Candle #2 Is the first 30 minutes of Wall Street and the RESPECT we already covered. Once the low of the candle prior to #1 was broken, an aggressive trader could have entered the market with a stop just over the Globex high.

Candle #6 is another poor example of the inside candle and in this context we would be on the alert for a move up. Here's the problem with 'ol #6, if we break the high of #5 and use that as our trigger to get long, we only have a few ticks before we run head on into our EMA which will potentially serve as resistance in this context.

Candles #7 - 10 establish a range of 3.75 points over the next 2 hours. As we closed out the show we discussed that until the range was broken you would be better served to fix a sandwich or walk the dog.

Q.What do you call 3 spinning tops and a doji in a yellow box?
A.Today's setup.

Candle #11 finally broke the bottom of the range at 1077.50 and price promptly dropped 16 points over the next hour.


You've heard me mention quite a bit this week about last weeks leftovers. (zones that is) Zones from a previous week almost always have some value, but during a week like this one where our current WTZ's are so wide....... they can make for a very tasty snack indeed. If you're going to track previous weeks I encourage you to do so on a different chart to cut down on the clutter. Here is today's price action on last weeks zones on a 10K Chart.


Pray Hard & Trade Safe!
CT