Saturday, October 30, 2010

Emini Futures Trading / GDP Rises

(QQQQ)(DIA)(SPY)(GLD)($SPX) 
from the trading desk of CFRN... 

October ends with a 66 point range - Trick or Treat? The month of October had a high of $1193.00 and a low of $1127.00. While this fall has been fairly quiet trading, the month of November with the Election and the FOMC Meeting may lead to some wider swings. Our Gross Domestic Product (GDP) rose 2.0 percent as consumer spending quickened its pace. Our imports are still exceeding our exports, but the recovery, although slow, is still forging ahead. Today’s range was $1182.50 – $1172.00, staying within last evenings CFRN Report noting that the comfort zone or point of control for this market seemed to be the CFRN Weekly Trade Zone of $1178 - $1179. Certainly, trading seemed light and the market coiled the majority of day ahead of next weeks two main events. 

Elections can always be a surprise and the Federal Open Market Committee Meeting may keep things mild only to make an announcement at a later date. We anticipate the worst and hope for the best and may find disappointment in either case. Fund Managers and speculators alike still need to make money, so once the potential direction of the government is in place, the market may start to trend or least make wider swings. Sunday evening, we may see higher trade. Monday, we look forward to Personal Income at 7:30, Construction Spending and ISM Manufacturing at 9:00 AM CST.

S&P 500 Emini Futures / ES

We could potentially see higher numbers toward $1190.00 on Sunday Evening and end Monday’s trade session on the lows. One cannot trade well in an environment of fear or anxiety.

Setting a goal is not the main thing. It is deciding how you will go about achieving it and staying with that plan. The key is discipline. Without it, there is no morale. - Tom Landry

Our Weekly Trading Zones and Chart Room Access are emailed to members prior to the open every Monday. Join us M-F from 11am-1pm Eastern for Live Charts, Lively Discussion and Live Trading.

Trading's not easy, but it can be simple! 
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Pray Hard & Trade Safe!
CT
 
 

Thursday, October 28, 2010

Emini Futures Trading / US Dollar Lower

(QQQQ)(DIA)(SPY)(GLD)(.SPX)

from the trading desk of CFRN... 
When in doubt, sit it out? That may be the mantra of many traders today. The Initial Jobless Claims actually came in better than expected falling 21,000 to 434,000. This was about the best number in the last 2 years. The high of today in the E-Mini S&P 500 of $1187.50 was reached at 7:30 AM CST, but by 11:30 AM CST, we descended to the low of the day at $1173.50.

After the first couple of hours, we saw coiling and a pretty choppy session. Emphasis is still on the Election and the FOMC with the buzz reflecting sentiment about the potential Election results and the Fed’s next move. It is my thought that in such a fragile time frame, that the Fed may walk softly and want to alleviate fears of any severe change. It may be after the impact of the two events that ideas or rumors in fact create more of a stir in the marketplace the latter part of next week.

The US Dollar traded lower on the day creating a question mark regarding its typical inverse relationship with the E-Mini S&P 500. We traded within the CFRN Weekly Trade Zones of $1185 - $1186 and $1178 - $1179 today.

Tomorrow, we look forward to the GDP numbers which consists of 70% consumer spending. It will be interesting to potentially see a positive report with so many citizens still out of work. The market may still shrug off any positive report to focus on the events of next week. We may see lower volume that could cause more erratic moves in the market. 


S&P 500 Emini Futures / ES
  
Tomorrow, we look forward to CFRN Weekly Trade Zones of $1185 – $1186, $1178 - $1179, $1170 - $1171 and $1162 - $1163. Essentially, we look for more severe but short extensions during the trading day. I would look to a point of control or comfort zone of this market at our CFRN Weekly Trade Zone of $1178 - $1179. Reason again to enjoy learning how to take smaller profits in the E-Mini S&P 500 while enjoying a nurturing atmosphere to put balance and clarity back in your trading... Join us at CFRN.net.

My religious beliefs teach me to feel as safe in battle as in bed. - Stonewall Jackson 


Our Weekly Trading Zones are emailed to members prior to the open every Monday. Join us M-F from 11am-1pm Eastern for Live Charts, Lively Discussion and Live Trading.

Trading's not easy, but it can be simple! 
Become a Member Today!
 
  
 


Pray Hard & Trade Safe!
CT
 
 


Wednesday, October 27, 2010

Emini Futures Trading

(QQQQ)(DIA)(SPY)(GLD)($SPX)


from the trading desk of CFRN... 
Which way do I go?  The Federal Reserve diminished their embellished stimulus numbers in a published report and brought the E-Mini S&P 500 lower than anticipated in the wake of fairly good economic reports today. US New Home Sales rose to 6.6 percent, higher than expected but lower than last September’s numbers. Advanced Durable Goods were up 3.3 percent on US Manufactured Goods primarily attributed to orders for civilian aircraft. The US Dollar traded higher on the day as less stimulus may potentially translate to a stronger dollar. Asian policymakers had concerns about the additional “printed money” coming into the system creating a lower US Dollar and a a higher currency valuation for them which could potentially impede their export numbers. The Euro FX dropped and appears to be in a rounded top formation today. The strengthened US Dollar may potentially override even the most bullish economic data. We traded within the CFRN Weekly Trade Zones of $1185 - $1186, $1178 - $1179 and $1170 - $1171 today which extended beyond last evenings forecast. These key trading numbers are made available every Monday morning prior to the open. Unlike Government reports, we do not revise our numbers after the fact. Tomorrow, we look to Initial Jobless Claims at 7:30 AM CST for direction, or more confusion. Even a good report may be shrugged off as the FOMC and the Election take the spotlight.

S&P 500 Emini Futures / ES

Tomorrow, we look forward to CFRN Weekly Trade Zones of $1185 – $1186, $1178 - $1179, $1170 - $1171 and $1162 - $1163. Essentially, we may look for a lower trade with optimistic bounces speckled in the mix. Reason again to enjoy learning how to take smaller profits in the E-Mini S&P 500 while enjoying a nurturing atmosphere to put balance and clarity back in your trading... Join us at CFRN.net.

Life's battles don't always go to the stronger or faster man; but sooner or later the man who wins is the man who thinks he can. - Vince Lombardi

Our Weekly Trading Zones are emailed to members prior to the open every Monday. Join us M-F from 11am-1pm Eastern for Live Charts, Lively Discussion and Live Trading.

Trading's not easy, but it can be simple! 
Become a Member Today!
 
  
 


Pray Hard & Trade Safe!
CT
 

Tuesday, October 26, 2010

Emini Futures / Consumer Confidence

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


from the trading desk of CFRN... 

 
Consumer Confidence was better than last month at 50.2, better than expectations, but still at historically low levels. The E-Mini responded slightly positive with little momentum to enter into the CFRN Weekly Trading Zone of yesterday $1185 - $1186. The US Dollar Index pressured the E-Mini S&P 500 as it strengthened today. Japanese Vice Finance Minister Igarashi stated that the currency-market is most effective when it’s a surprise, which leads us to believe that Japan may possibly revalue the yen. Earnings reports were mixed. President Obama today met with US Business Leaders from Boeing Co., General Electric and Honeywell International in India. The focus is still on the US Dollar, but the commodities are realizing an inflow of investment money from funds. Foods and energies and many of our resources have become alternative investments for investors. Friday we will be looking at the GDP numbers, about 70% represents consumer spending. It is hard to believe this report may come in better, knowing that our unemployment is still an issue. This key report ahead of next weeks election and the FOMC may cause some erratic trading on Friday. Today, we stayed above the CFRN Weekly Trading Zone of $1178 - $1179 as anticipated. On the Globex open, price ran to the 1185/86 Zone and was promptly rejected back to the 1178/79 Zone. Tomorrow, we anticipate a range within the combined last two day ranges $1193.00 as the potential high and $1174.00 being the potential low. Advance Durable Goods are reported at 7:30. New Home Sales at 9:00 AM CST.

S&P 500 Emini Futures / ES

Tomorrow, we will look to the CFRN Weekly Trade Zones of $1185 - $1186 and potentially $1178 - $1179. Traders are looking often to garnish smaller gains in the E-Mini S&P 500. The smaller potential gains typically will call for shorter time frames in the market. We will focus on the smaller time frames and smaller potential profits/losses by using our special CFRN Indicators…tune in at CFRN.net.

Yes, it's true: We can't control the wind or the rain or the other vagaries of weather. But we can tack our sails such that we can steer the course we desire. - Unknown


Our Weekly Trading Zones are emailed to members prior to the open every Monday. Join us M-F from 11am-1pm Eastern for Live Charts, Lively Discussion and Live Trading.

Trading's not easy, but it can be simple! 
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Pray Hard & Trade Safe!
CT
 

Monday, October 25, 2010

Emini Futures Trading / G20 Stays The Course - Home Sales Jump

(QQQQ)(DIA)(SPY)(GLD)(.SPX)


from the trading desk of CFRN... 

E-Mini carves out new high on mild G20 and rise in Existing Home Sales!

We extended to a new high as the G20 stayed the course with no plans to work on any trade imbalances. Commodities benefited from the continued slide in the US Dollar Index. The Fed’s threat of further economic stimulus is still part of the program that investors have come to rely on. Anticipation of a weaker US Dollar gives the tangible commodity a boost with allocations coming in for more aggressive risk management. The Existing Home Sales rose 10%, more than expected creating a second upswing to the high of the day of the ESZ10 $1193.00 at 9:00 AM CST. Earnings were mixed, but seemingly more bullish than bearish. We stayed within the CFRN Weekly Trade Zones of $1185 - $1186 throughout the majority of the day session. Tomorrow, we look to the Consumer Confidence Report at 9:00 AM CST. We could see a turn-around Tuesday if the Consumer Confidence numbers are lower than expected. The focus this week will be on the VIX and its gauge on the fear factor in the market. This week earnings reports are expected to be positive, but the mindset going into the next November 2nd Election and the November 2nd & 3rd FOMC may trigger a sell-mode at any point this week.

S&P 500 Emini Futures / ES
Tuesday, we may see higher trade based on earnings and a positive Consumer Sentiment. The CFRN Weekly Trade Zone of $1195 - $1196 may be seen. If any of the sentiment or reports turn lackluster to negative, we may see the CFRN Weekly Trade Zone of $1178 - $1179 and possibly $1170 - $1171. I would be prepared for the latter.

Do what you can with what you have, where you are. 
Theodore Roosevelt

Our Weekly Trading Zones are emailed to members prior to the open every Monday. Join us M-F from 11am-1pm Eastern for Lively Discussion and Live Trading.

Trading's not easy, but it can be simple! 
Become a Member Today!
  
 


Pray Hard & Trade Safe!
CT

An Open Letter to Sanbox Jerry and the CFRN Community

Dear Jerry,
We would like to publicly acknowledge your contribution to the CFRN trading community. Far beyond your extraordinary trading skills and keen grasp of the dtPro Platform, you have shown yourself to be a true Christian brother. Your willingness to freely share your knowledge with your fellowman has not gone unnoticed. In fact, quite the opposite. Both Michael and myself not only want to champion you for your giving spirit, but as leaders of this community we also feel driven to protect you as a precious asset. We know that your greatest desire is to help others achieve what you have achieved. Our greatest desire is to make sure that you have the time and focus to trade well. You must first and foremost meet your own financial goals for your family as well as the ministry plans you have to build God's Kingdom here on earth. You are an incredible asset to the CFRN Family Jerry, and we want you to be with us for many years to come.

With Much Love, Respect and Thankful Hearts,
DeWayne & Michael

It is in this same spirit that we would now like to address the rest of the community..........

Dear CFRN Community,
We are equally concerned that you also are able to meet your own financial goals as well as the ministry plans God has placed in your heart. You are the heart and soul of the CFRN Family and we want you to be with us for many years to come. Michael and I strive to share the knowledge we posses as the developers of the Sandbox each and every day during the live broadcast. Many of you have watched us live now for weeks, even months. While it is possible to watch Michael and I trade, and attempt to copy and shadow those trades, I believe it is important for you as a trader to Learn How to Trade. You need your own live charts, you need your own set of indicators. Our arrangement with Burt and Leslie insures that when you open an account with them, you have unlimited and unrestricted access to virtually every data feed available in the futures arena. With the CFRN Indicator set, you are then able to take advantage of potentially any move that transpires from Cotton, to Copper, to Soybeans and beyond. Once you have the platform, once you have the indicators and understand our simple 1-2-3 methodology, you are suddenly free to take advantage of any move in any market 24/5, without Michael, without DeWayne, and even without our dear friend Jerry.

On the open tonight, did you spot this move in the ES? The Sandbox did.........


Did you spot this move on the YM? The Sandbox did.........


Did you catch the move in Gold?

Who in their right mind trades Soybeans on a Sunday night? The Sandbox maybe..........?


Here's my point, you need to take the free trial we offer. No one is asking you to buy a pig in a poke, we invite you to poke the pig first. If after the free trial, the Sandbox has not fully proven itself on our platform and your desktop, we truly hope you will continue to be a vital, contributing member of the CFRN community. If, after the free trial, you decide that trading really can be simple, go ahead and lease or purchase the CFRN Sandbox Indicator Set. You will then gain access to Jerry's Private Training Room. 

You're motivated, Jerry's protected, and together, we build God's Kingdom.

If you've never read the mission statement of our Chat Room, I encourage you to do so. It truly speaks to the spirit of who we are, and why we do what we do, in the order we do it.


Blessings
DeWayne & Michael

ps/ after your free trial, email ct@cfrn.net for the password to Jerry's room
Trading's not easy, but it can be simple.

Become a Member Today!



Saturday, October 23, 2010

Emini Futures Trading / G20 Summit

(QQQQ)(DIA)(SPY)(GLD)(.SPX)
from the trading desk of CFRN...

Traders sidelined as G20 meets in Seoul Korea!
The inside day we advised you to be on the look out for Friday, came to pass. Traders were apprehensive about the currencies as we approach the G20.  China is a major league player in the mix and we await the outcome of the meeting of the G20 with the Finance Ministers who will maintain dialog to address Global Financial Stability in a marketplace where countries have been debt ridden without immediate resolution. They will focus on Trade Balance as the valuation of the currencies will often dictate the export trade advances or declines. These are sensitive issues as each country must maintain balance to resolve their own economic struggles while trying to maintain good foreign relations.

The US Dollar is under the spotlight in that other countries would like to see a stronger dollar to aid in what they may view as fair trade practices. Our Federal Reserve on the other hand is offering at every juncture more readily available stimulus. Essentially, they may print money to add more stimulus while weakening the US Dollar in the process. Whatever short term benefits are achieved via such short sighted policy, they will be far outweighed by the ultimate price the American taxpayer will be forced to shoulder when the scales are balanced. We find no historical evidence that it is possible for a nation to borrow their way out of debt. If perhaps, we as a nation were still allowed to print our own currency and said currency was actually backed besides something other than a wink and a promise, there could be hope... 

"Fugget about it!" a Soprano would sing.
That hope died in the back of a limo on Friday, November 22, 1963 in Dallas Texas.

The E-Mini S&P500 consolidated most of the day within yesterday’s range.  The last 20 minutes finally gave us a little rally in the session to close toward the highs of the day, but too little, too late for any substantial position trades.  Our CFRN Weekly Trade Zone support of $1165 - $1166 was not reached today.  We held between the CFRN Weekly Trade Zones of $1172 - $1173 and $1182 - $1183 without touching either.   



Next week we may experience much stronger moves and more volatility as the outcome of the G20 is realized.  We look to the US Dollar to keep our CFRN Weekly Trade Zones in check.  Should the meeting stay on course with the current plans without any dynamics, we may look to potential higher trade in the E-Mini S&P 500.  Our CFRN Weekly Trade Zone for support is now $1172 - $1173.  Our CFRN Weekly Trade Zones anticipated for next week may be $1182 - $1183, $1189 - $1190.  Should the meeting somehow pressure the US Dollar to strengthen, we may see our previous support of $1165 - $1166 returning.

The difference between where you are and where you want to be is your commitment to getting there. - Michael Clapier

Our Weekly Trading Zones are emailed to members prior to the open every Monday. Join us M-F from 11am-1pm Eastern for Lively Discussion and Live Trading.
 
Trading's not easy, but it can be simple.

Become a Member Today!
 
  
 

Pray Hard & Trade Safe!
CT

Thursday, October 21, 2010

Emini Futures / Props To The Dollar

(QQQQ)(DIA)(SPY)(GLD)(.SPX)

Initial Jobless Claims today fell 23,000 to 452,000 as of October 16th. The US Dollar bounced after Timothy Geithner commented about the dollar not needing to drop further against the Yen and the Euro FX. Mr. Geithner was quoted in an interview saying. "Right now, there is no established sense of what's fair". Perhaps in tribute to the upcoming holiday El Dia de los Muertos, he is rumored to have also said, "We're encouraging our partners to put a little more flesh on the skeleton...". Last but not least we have it on good authority that he also uttered the following out loud, "If China knew that if it moved more rapidly, other emerging markets would move with them, it would be easier for them to move," Copy that Bejing?

Tomorrow, we have no major reports other than the Philly Fed Speech. This weekend, we have the G20 meeting in Soul Korea to discuss monetary policy to stabilize the currencies and the global financial markets. The G20 was established in 1999 in the wake of the Asian Financial Crisis of 1997. The G20 was set-up to create dialog and international co operation among the major nations. The values of the currency markets help establish trade expansion and growth for economies that may require support. The US Dollar is an important feature of the world marketplace. As of late the US Dollar has traded somewhat inverse to the E-Mini S&P 500. While we use our CFRN Weekly Trade Zones, it is good to be aware of the relationships between the varied markets and note the patterns of each corresponding market.

Our Weekly Trade Zone Support of $1165 - $1166 held today as the low of today’s trading session on the E-Mini S&P500 was $1167.25. We achieved the CFRN Weekly Trading Zones of $1172 - $1173 and $1182-$1183 today with a daily high of $1186.25. 

S&P 500 Emini Futures / ES

Tomorrow, be prepared for the possibility of an inside day. The E-Mini S&P 500 is postured to extend higher as it has penetrated the $1180.00 resistance. We look again for the CFRN Weekly Trade Zone support of $1165 - $1166 to hold and embrace the possibility for potential extensions of $1172 - $1173, $1182 - $1183 to $1189 - $1190 if the market breaks out further on hopes of additional Fed stimulus.


"I know God will not give me anything I can't handle. I just wish that He didn't trust me so much." - Mother Teresa

CFRN Trade of the Day 
We sold 1176.75 Limit / Market if Touched. We covered 1 tick above the Weekly Trading Zone at 1173.25.
#1) CF_MA1 -  Bearish
#2) CF Cycle - Bearish
#3) CF_DMT - Bearish Direction / Momentum / Trend Strength

Trade of the Day / S&P 500 Emini Futures

Our Weekly Trading Zones are emailed to members prior to the open every Monday. Join us M-F from 11am-1pm Eastern for Lively Discussion and Live Trading.
 

Trading's not easy, but it can be simple.
(as simple as 1-2-3)

Become a Member Today!
 
  
 


Pray Hard & Trade Safe!
CT




Wednesday, October 20, 2010

Emini Futures Trading / Beige Book Boogie

(QQQQ)(DIA)(SPY)(GLD)(.SPX)

from the trading desk of CFRN...
Beige Book Boogie? OK, maybe it's more of a Waltz. We started the resumption of the E-Mini S&P 500 on the 8:30 AM CST open at $1164.00 toward the low of the session. The Interest Rate Decision of China reversed Tuesday’s rally in the US Dollar Index and gave a lift to the Stock Indices and other tangible products after the reaction was viewed as overdone. The Equities and the US Dollar have enjoyed an inverse relationship as of late. Corporate earnings such as Boeing helped the bullish sentiment for the E-Mini S&P 500 along with the idea that the Fed can simply print more money as their stimulus recovery is needed. The Beige Book reflected a sluggish recovery, signs that uncertainty still mars the optimism of a speedy recovery. The Federal Reserve announced their plans to buy $500 billion of Treasuries over the next six months which also did not help the case of the US Dollar. The CFRN Weekly Trade Zones of $1165 - $1166 and $1172 - $1173 were hit. We suggest the CFRN Weekly Trade Zone of $1165.00 as our new support for tomorrow. Tomorrow, we look to the Initial Jobless Claims at 7:30 AM CST. If we show any positive numbers the E-Mini S&P 500 should rally through our recent resistance numbers. The Stock Indexes have shown such strength as of late that even a bad report may be shrugged off for a higher trade.


S&P 500 Emini Futures / ES
If the CFRN Weekly Trade Zone of $1165 - $1166 holds, this market may trade in the $1172 - $1173 range tomorrow. If we can break through $1180.00, we may go into the next CFRN Weekly Trade Zone of $1182 - $1183 and on through to $1189 - $1190. If the E-Mini S&P 500 can break through the $1180.00 resistance area, we look to a higher trading market tomorrow.

L. Burton / CFRN Columnist 


When we trust God, He can make the ordinary extraordinary!  
John C. Maxwell
 


Our Weekly Trading Zones are emailed to members prior to the open every Monday. Become a Member! 


Trading is not easy, but it can be simple.

 
 


Pray Hard & Trade Safe!
CT

Tuesday, October 19, 2010

Emini Futures Trading / Garrett Jones Special Alert

(QQQQ)(DIA)(SPY)(GLD)(BA)
People are losing their homes and the stock market is in the midst of its biggest September/October rally since 1939. In addition, there is strong motivation to buy bonds which, if you think about it, makes no sense at all. Why?

Well, a simple comparison with November 1981 will answer that pretty quickly. The ideal time to buy bonds was November 1981. Why? At that time interest rates had been soaring and bond prices had plummeted. That environment produced historic price lows and interest rate highs. That produced an ultra low risk price entry and the opportunity to be paid 18% for taking the risk. If interest rates declined you had the opportunity to double your money. Currently, you have just the opposite. Historically high prices with historically low interest rates, thus providing an environment of extraordinarily high price risk and not being paid anything to speak of to assume that risk. Rather than looking at potential price appreciation, you are looking at strong price depreciation when rates increase. In addition, you would be assuming the position of being a creditor in a debt default environment. As I mentioned, it makes no sense on any level.

Dow Jones Industrials 1920-1943

At the peak of the market in 1929, the song Happy Days are Here Again was copyrighted. After the initial market crash in 1929, the market rallied into 1930 – at the peak of that rally, the song Chasing Rainbows was quite popular – thus showing the incredibly positive mood that was just 3 years away from the bottom of the worst depression in the country’s history … and some argue that history doesn’t repeat itself.

The current sentiment is highly favorable and the news that is getting the attention from the talking heads is positive – for the most part. The chart below shows what happened during a similar period where the economic background was failing, but the mood was positive … for awhile. What followed was historic. The point to keep in mind was that investors at the time believed the worst was over and the bottom was in with the low made in 1929. It wasn’t.

‘Irrational Exuberance’ may have more meaning today than it had when the phrase was first coined. People appear equally motivated to move back into the stock market just like they did leading into 2000 and 2007. Let’s take a look at some charts: The chart below is a monthly chart of the S&P 500. It is important because it clearly shows the major tops of 2000 and 2007 and the recent top in April 2010. The white lines are trend lines from the 1974 low connecting with the 2000 top and from the 1982 low connecting with the 2007 top. Both of these tops are “double tops” – in 2000, the main top came first with a test 6 months later. In 2007, the first top was in July followed by the all-time high three months later. Currently, the top was made in April and we are in the process of testing it right now. The market has broken out above the trend line from the 2007 top and the April high of this year. If it can stay above that line then everything should be fine – at least for awhile. If not, then it’s another story.

I think this is a fascinating chart because it provides a big picture look at what has occurred over the past 40 years. I commented in recent Alerts about ‘something bad happening every 40 years or so.” This shows what transpires over that time to set up the market to make that statement true. Obviously, ‘something bad’ did happen. The concern is that every other 40 years or so something ‘really bad’ happens.



S&P 500 Major All Time Tops
Probably the biggest current news has to do with the foreboding foreclosures problem. At this stage of the cycle, liars and cheaters seem to be at a maximum (Bernie Madoff, etc.). During the housing boom, dishonesty was at a premium and all sectors of that industry seemed to participate. Banks made loans to seemingly anyone and didn’t seem to have any restrictions. Borrowers lied on their loan applications. The mortgage companies didn’t seem to require any documentation of income or even have any income levels to correlate to the loans they were giving. The companies that turned the loans into securities and the rating agencies that rated those securities seemed to rubber stamp whatever came by their desks. The insurance companies that sold default insurance against the securities (bonds) employed leverage i.e. they insured the bonds multiple times. To add icing on the cake, the government encouraged home-ownership by subsidizing people who had no business owning a home, much less owning a car. Their subsidy came by way of the implied guarantees by Fannie Mae and Freddie Mac – those wonderful agencies that were more bankrupt than those taking the loans. In my view, it starts at the top – if you act honestly and regulate properly, these things don’t happen. However, at this stage of the cycle they always occur and Mother Nature assures that a debt default will be the ultimate outcome … as expected (by those who study history and are aware of the sequence of events in the cycle). 

Is the US Dollar about to rally? Rumor has it the bullish consensus has dropped to 3%. 3% isn’t 2%, but it is pretty low. There is nothing in my work yet that says the US Dollar is reversing, however, one would think that it is getting close to at least have a rally … if not a move that lasts for awhile. It should be fun to see. 

A final note as of noon 10/19/2010: Peter Eliades (Stockmarket Cycle Management, Inc.) just called and pointed out that the NYSE Advance/Decline line (based on TradeStation) just double topped with its prior high on June 4, 2007 which led into the orthodox July top in 2007. This should be a very interesting week indeed.


Garrett Jones
CFRN Contributing Columnist





Download The Entire Special Alert Complete With Charts




CFRN Weekly Trading Zones / Daily Review

S&P500 Emini Futures / Blow It Up



Our Weekly Trading Zones are emailed to members prior to the open every Monday. Become a Member! 


Trading is not easy, but it can be simple.

 
 

Pray Hard & Trade Safe!
CT

Monday, October 18, 2010

Emini Futures Trading / Reporting From The Zone

(QQQQ)(DIA)(SPY)(IBM)(APPL)
from the trading desk of CFRN... 
This morning the SP Emini market labored after mixed economic results.  Industrial Production and Capacity Utilization missed analyst expectations and disappointed however the NAHB Housing Market Index shined climbing in October, its first rise in five months. Once the market filtered out the economic data the SP Emini finally received a boost from Citigroup earnings.  Better than expected results pushed the financial stocks higher and the SP Emini into one of the Weekly CFRN Trading Zones or 1182/1183 level.  The CFRN Weekly Trading Zones were well represented today, in the SP Emini the 1165/1166 level was near the session low and the 1182/1183 was today’s hi.  The late sell off was profit taking ahead of IBM and Apple earnings and will create some volatility overnight.

S&P 500 Emini Futures / ES / Weekly Trading Zones / Blow It Up
As the above chart highlights, price moved from Zone to Zone to Zone. The open Sunday night was the 1172/1173 level. London opened and price bottomed out at the 1165/1166 level. Prior to the open on Wall Street price spent 3 hours back at the 72/73 Zone before finally catching a bid which began a grueling slow grind higher that culminated with the high of the day coming in at exactly the 82/83 zone. What it took the market an entire day to accomplish on the way up, was completely undone in just over an hour and at the time we snapped this photo, we were resting comfortably back in the arms of the 72/73 Weekly Trading Zone. 6 hours later we are still trading 1173.50 in very quiet Globex fashion awaiting the London open and the beginning of a fresh new day of opportunities here at CFRN.


Our Weekly Trading Zones are emailed to members prior to the open every Monday. Become a Member! 


Trading is not easy, but it can be simple.

 
 

Pray Hard & Trade Safe!
CT

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Step #1) Download the dtPro platform HERE
 
Step #2) Import the CFRN Layout into dtPro

Step #3) Install the CF Indicator Set


Step #4) Trade along with us in Real Time
 
 
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Friday, October 15, 2010

Emini Futures Trading / Weekly Trading Zones Review

Members receive our Weekly Trading Zones via email prior to the open every Monday. Would having this information before it happens improve your trading results? 

S&P 500 Emini Futures / Blow It Up
 

Trading is not easy, but it can be simple.  Become a member today.



Pray Hard & Trade Safe!
CT


Thursday, October 14, 2010

Emini Futures Trading / Jobless Claims Rise

(QQQQ)(DIA)(SPY)(GLD)((.SPX)

from the trading desk of CFRN...
This morning the Initial Jobless Claims had risen 13,000 to a higher than expected 462,000 people filing new claims for unemployment. At 7:25 AM CST, the E-Mini S&P500 was trading at about $1178.25 and by approximately 2:00 PM CST, we were around $1163.50. We went through the CFRN Weekly Trading Zone levels of $1167 - $1168. By the end of the session, we were back to the $1174.00 levels. The US Dollar weakened as Singapore allowed its currency to strengthen and the anticipation of the Federal Reserve increasing their stimulus. Singapore is pretty much the bellwether of the Asian Currencies. The drop in the US Dollar Index was supportive to the Stock Market and many tangible commodities as it allows foreign investors to purchase more with their currency. Our banking system and mortgage banking sectors are under fire as issues such as the “foreclosure moratorium” are in debate. 

Uncertainty and fear are still in the marketplace, but traders simply adjust their strategies to take advantage of the short-term moves that the markets offer. Interest Rate Futures fell today as investor money poured into some of the other currencies, metals, energies and back into the Stock Market. Tonight, we have a series of Foreign Economic Reports due out. Tomorrow, we have Business Inventories, CPI, Real Earnings, New York Empire State Manufacturing, Retail Sales and the University of Michigan Consumer Report. Friday’s can also be liquidation days for traders covering their positions prior to the weekend.

https://mail.google.com/a/cfrn.net/?ui=2&ik=34fcb210b2&view=att&th=12bacea6a93c2397&attid=0.1&disp=inline&zw
S&P 500 Emini Futures / ES
The Weekly range for the S&P500 has been $1181.00 - $1151.75. We have an interesting formation on the Daily ESZ10 Chart at the $1181.00 level. Is this a double top? Is this a pause in the midst of another leg up? The RSI at about 73 tells us that this market is approaching overbought levels. The next CFRN Weekly Trading Zone to the upside is $1193 - $1194. Fund buying may push the market up. Consumer Sentiment may show progress in the recovery and economic feelings of growth and repair. On the other hand, today we failed to make new highs and fell back to our CFRN Weekly Trading Zone of $1167 - $1168 and beyond. The next downside CFRN Weekly Trading Zone is $1156 - $1157.  

A worst case scenario could eventually take us back to fill the gap in the Daily ESZ10 Chart at $1104.00. The market seems supported by Fed comments coming over the wires keeping the outlook positive with their safety nets. It would take a perfect storm to create that downside action.

We make a living by what we get, but we make a life by what we give. - Winston Churchill

Trading is not easy, but it can be simple.  Become a member today.


Pray Hard & Trade Safe!
CT