Monday, August 16, 2010

Emini Futures Trading / Weekly Trading Zones

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


S&P 500 Emini Futures gapped down on the open this morning to 1077 reaching 1066 in the first few minutes of trading before reversing  and rallying to an intra-day high of 1080.75 on 1.6m contracts. Settlement price was 1077.25 up .12%.

Dow Emini Futures gapped lower to open at 10226 putting in an early low at 10181. High of the day was 10303 and at the close - 10,274 on 108k contracts up .08% on the session.

November Soybeans opened the session at 1041 and ran to a high of 1048 before news of a possible end to Russia's drought drove prices lower to close at 1031 4/8 on volume of 60k contracts.

Orange-juice prices fell 2.5% as two highly anticipated forecasts called for a spike in Florida's output of the citrus fruit. 

Stocks ended mixed in another lackluster session marked by gains in tech stocks. Metals and miners gained as gold prices hit a six-week high and copper prices rose. Treasuries rallied and the 10-year yield fell below 2.6%. NYSE advancers led decliners by about eight to five. 


A Man Just Like Us
“Elijah was a man just like us. He prayed earnestly that it would not rain, and it did not rain on the land for three and a half years. Again he prayed, and the heavens gave rain, and the earth produced its crops.”
James 5:17-18

Elijah was afraid and fled for his life. He went to Beersheba, a town in Judah, and he left his servant there. Then he went on alone into the wilderness, traveling all day. He sat down under a solitary broom tree and prayed that he might die. “I have had enough, LORD,” he said. “Take my life, for I am no better than my ancestors who have already died.”
I Kings 19:3-4


Tuesday Live Chart Link - Click Here


Weekly Trading Zones
S&P 500 Emini Futures / ES
1112/1113
1095/1096
1085/1086
1079/1080
1069/1070
1062/1063
1046/1047

Dow Emini Futures / YM
10,551
10,416
10,339
10,281
10,204
10,146
10,011


Weekly Trading Zones / Daily Review
S&P 500 Emini Futures
DOW Emini Futures
November Soybeans

Pray Hard & Trade Safe!
CT

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