Wednesday, October 27, 2010

Emini Futures Trading


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

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