Tuesday, November 30, 2010

Emini Futures Trading / US Consumer Confidence Up - Markets Down

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

from the trading desk of CFRN... 

The US Dollar and Foreign woes pressure the E-Mini S&P 500! Turn around Tuesday turned into an inside day closing toward the low of the day! It was a bit disappointing as the US Consumer Confidence rose to 54.1 in November. PMI also came in positive with a rise to 62.5. Concerns over sovereign debt seem to loom pressuring the stock indices. Even with the Ireland bailout, jitters about other countries such as Portugal and especially Spain give the market fear and uncertainty. The US is committed to its recovery, but ever present Global concerns such as the conflict between North Korea and South Korea create further duress to the E-Mini S&P 500. The stronger US Dollar Index often will work inversely to the other markets. The safe-haven products are typically the US Dollar, US T-Bonds and Gold. In times of crisis, these markets may potentially move higher suppressing the moves of the stock indices.

The high of the day was $1188.25, while the low was $1173.00 inside yesterday’s range. The CFRN Weekly Trading Zone $1187.00 - $1188.00 capped the market on the upside and the $1173.00 - $1174.00 Weekly Zone held the downside.

US Economic Reports out Wednesday:  
Construction Spending and ISM Manufacturing at 9:00 AM CST.

The trend remains down, but this market is due for a bounce! $1181.00 appears to be a point of control or comfort zone. This market is coiling, should the market penetrate $1170.00, we could see the CFRN Weekly Trade Zone of $1160.00 - $1161.00. Toward the end of the week, we anticipate some bullish US Reports, it will be interesting to see what a difference a day makes.

The man who never makes mistakes loses a great many chances to learn something. - Unknown

Weekly Trading Zone Update

S&P 500 Emini Futures / ES

Our Weekly Trading Zones and Chart Room Access are emailed to members prior to the open every Monday. Join us M-F from 9am-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, November 29, 2010

Emini Futures / Markets Stage Late Day Rally

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

from the trading desk of CFRN... 

Stock Indices shrug-off Foreign Tensions and Debt Woes on Cyber Monday! Cyber Monday was mostly a consolidation to higher trade as the E-Mini S&P shrugged off the tensions between North and South Korea and the US involvement. We also minimized the Euro Zone’s debt woes even with the thoughts that the debt crisis is not over with a bail out plan, but may spread.

We were trading $1172.25 at 9:00 AM CST and from there we coiled and broke out of the at about 1:30 PM CST. By 2:45PM CST, we hit $1190.00 and finally closing $1186.50.

The US Dollar closed up another day ignoring any inverse relationship that it typically held; particularly the Crude Oil as we hit a high of $85.90. We may see further relationships changing between the markets.

The high of the day was $1193.25, while the low was $1172.25, lower than that of Friday. The CFRN Weekly Trading Zone $1191.00 - $1192.00 held on Globex and the $1173.00 - $1174.00 Zone held as the low of the day. The afternoon rally stalled at the $1187-$1188 Zone where the market continues to consolidate on the overnight session.

We have US Economic Reports out Tuesday:  
Chicago PMI and Consumer Confidence at 9:00 AM CST.

The trend remains down, but we could see more of a bounce if the Consumer Confidence and Chicago PMI are decent! The market has shown amazing resilience in light of all the global news. Perhaps, the news is like implosive therapy. If we are saturated with negative conditions, we may view them as commonplace. The bulls may be waiting for potential buying opportunities. Any global news overnight, if severe enough, may still overcome any bullish sentiment. $1184.00 appears to be a point of control or comfort zone for the market.

There are costs and risks to a program of action, but they are far less than the long-range risks and costs of comfortable inaction. - John F. Kennedy

Our Weekly Trading Zones and Chart Room Access are emailed to members prior to the open every Monday. Join us M-F from 9am-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, November 23, 2010

Emini Futures Trading / Safe Haven US Dollar Pressures SP Emini

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

from the trading desk of CFRN...

Safe-Haven appeal of the US Dollar pressures E-Mini S&P 500! The US Dollar closed up on the day as fears of the North Korean attack covered the news today! We still have the Ireland debt crisis and its rescue package fresh on the wires and this brings to mind that other countries may step forward with further debt. The Euro FX closed down .0240 on the day succumbing to the weakness of a foreign neighbor needing assistance. The US Dollar, US T-Bonds, Gold and the Bund futures in Europe all benefited from the dire circumstances while our tangible markets fell across the board. The EU has asked Ireland to adopt an austerity program to harness the spending and control the future debts of the country. All of this international news affecting our US markets. 

North Korea and South Korea had been in conflict for many years. In 1945, the Japanese Empire had ceased to rule Korea. 1950, the Korean War began with a ceasefire in 1953. There had been skirmishes, but at this time, when there is so much fear and uncertainty in the market the shelling of a South Korean Island by North Korea gave way to control by the bears today! Traders bought into the safe-haven products and sold the bounces on the E-Mini S&P 500. Each time the market tried to bounce, it only slipped more.

For our US reports today: Gross Domestic Product growth was revised up to 2.5% from 2.0%. The Existing October Home Sales fell 2.2%. This could be the result of the prohibitive lending standards from banks. Further, on the home front Federal Reserve Chairman Ben Bernanke gave a less than optimistic view of our recovery in terms of Unemployment in years to come. He summoned Congress to take steps to induce a faster recovery.

The high of the day was $1197.75, while the low was $1174.75. The CFRN Weekly Trading Zone pivot points of $1195.00 - $1196.00, $1190.00 - $1191.00 and $1182.00 - $1183.00 held.  

This week, we go into the “Thanksgiving Holiday” with some abbreviated sessions and reports shuffled around. Wednesday, we have Initial Jobless Claims, Personal Income, Advance Durable Goods and New Home Sales.

The trend remains down, but we could see more of a consolidation on Wednesday, perhaps an inside day! The bears waiting for potential selling set-ups really need this market to break $1170.00 to get any confidence behind them. $1183.00 appears to be a point of control or comfort zone for the market. Our CFRN Weekly Trading Zones are $1202.00 - $1203.00, $1195.00 - $1196.00, $1190.00 - $1191.00, and $1182.00 - $1183. If we returned to $1170.00 - $1171.00 technically the bears would take control.


Make the mistakes of yesterday your lessons for today. - Unknown 

PageTrader Calls For 11 Point Advance On Today's Show - 
Here's how the CFRN Indicator Set provided an entry...

S&P 500 Emini Futures / CFRN Indicator Set
 
Our Weekly Trading Zones and Chart Room Access are emailed to members prior to the open every Monday. Join us M-F from 9am-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


Monday, November 22, 2010

Emini Futures Trading / Bearish Bullish Or Both?

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

from the trading desk of CFRN... 

The case for the bears: The E-Mini S&P 500 fell today in the AM as the US Dollar rose on further concerns about Ireland’s debt bailout. The future of Ireland post-bailout is questionable and other Euro Zone countries with a similar balance sheet may be a concern. Portugal and Spain are potential debt challenged countries. As long as the US Dollar remains strong, it may pressure the E-Mini S&P 500. There was also an Insider Trading probe that dampened the buying interest early on.

The case for the bulls: Toward the afternoon, traders seemed to shrug off the Euro Zone debt problems and the Insider Trader concerns. The White House actually made comment to welcome the “bailout” for Ireland. Stocks seemed to boost the market with reports such as Chipmaker SanDisk gaining 6.5% and Netflix up 8.8% to name a couple. Going into a holiday, typically over the last 25 years, it seems that we could rally pre holiday exhilaration. The 600 billion stimulus, though overstated is still part of the potential recovery, so regardless of our economic reports or the Euro news, the Fed is there to catch us if we fall. 

Our Weekly Trading Zones nailed the top, the bottom, and an eye-popping 500k contracts exchanged hands right at the 1190/1191 Zone.

This week, we go into the “Thanksgiving Holiday” with some abbreviated sessions and reports shuffled around. Tuesday, we look forward to GDP and Existing Home Sales.

Our Weekly Trading Zones and Chart Room Access are emailed to members prior to the open every Monday. Join us M-F from 9am-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

Friday, November 19, 2010

Emini Futures / Trading The American Dream

 (QQQQ)(DIA)(SPY)(GLD)($SPX)

from the trading desk of CFRN...

Will the Bulls Power through $1225.00? China raised rates by 50 basis points, unexpected by traders (25 was expected) typically negative for commodities. China slows growth by tightening and this pressures commodity prices. Euro Zone news that potentially the debt crisis for Ireland and Ireland’s banks may have some resolution, lifted the Euro FX and helped the case of the Indices as well. Help from the IMF should potentially keep Ireland’s banks from insolvency. The E-Mini S&P 500 seems range- bound until we can get some direction from the global economies that may influence the US Markets. The Euro FX may find some stability temporarily, but we still look ahead to other potential insolvency problems with other Euro Zone countries. 

The bulls attempt to run the market up, but just seem to pause at those technical resistance levels. Today $1200.00 was the top of the E-Mini S&P 500, while the low of the day was $1187.50. The E-Mini S&P 500 double bottomed around 9 AM this morning enticing the bulls back in for short-term temporary moves. It was a case of move-up and consolidate. Toward the close, we double topped at $1200.00. The CFRN Weekly Trading Zone of $1198.00 - $1199.00 held. 

Next week, we go into the “Thanksgiving Holiday” with some abbreviated sessions and reports shuffled around. Monday, we do not see any major US Economic Reports scheduled.

The trend remains down, but we could see more of a bounce or consolidation on Monday! This market would possibly get much more momentum if it could break through $1225.00, but will the bulls have the power and conviction to do so? The bears waiting for potential selling set-ups really need this market to break $1170.00 to get any confidence behind them. We may just consolidate for awhile. Back in the day, I would look for pre holiday exhilaration to create more of a move. With the uncertainty in the Euro Zone and the direction of China along with our own stimulus challenges, traders may be skittish to take a real position. $1195.00 appears to be a point of control or comfort zone for the market. Should we breach the $1225.00 zone, our CFRN Weekly Trade Zone gives us $1231.00 - $1232.00. If we stay capped, our CFRN Weekly Trade Zones are $1215.00 - $1216.00, $1205.00, $1206.00. We may find the CFRN Weekly Trade Zone $1199.00 - $1198.00, $1187.00 - $1188.00 and $1181.00 - $1182.00. In This type of retracement, we may find ourselves back at CFRN’s Weekly Trade Zone $1163.00 - $1164.00 or further. A consolidation or pennant in this area is more expected.

Leslie Burton
Senior Market Strategist
CFRN Columnist

 
Nothing in the world can take the place of persistence. Talent will not; nothing is more common than unsuccessful men with talent. Genius will not; unrewarded genius is almost a proverb. Education will not; the world is full of educated derelicts. Persistence and determination alone are omnipotent. The slogan 'Press On' has solved and always will solve the problems of the human race. - Calvin Coolidge


A Week In The Zones 
Our Traders received these before the market opened last Monday...

S&P 500 Emini Futures / ES
 So can you...


Pattern of the Day - TRENDLINE BREAK (a.k.a.) "TRADER VIC" 
Often, not always, price will break a trendline and move away several ticks or pips. Then, it comes back to test the backside of that trendline. That’s where you enter the trade.

If the trendline break coincides with your other favorite indicators such as:

  • Our Weekly Trading Zones
  • Our CFMA1
  • Our Cycle Indicator
  • Our DMT
  • Previous Support Or Resistance
then set an entry order for price to take you in when it comes back to test that level. That way you enter the trade at an optimum level with less risk. 


See how price broke the trendline, then came back to test the backside? If you look carefully at the chart and run your eyes left, you will see that the trendline bounce also coincides with a previous support/resistance level. If you did some Fibonacci calculations you would also find that same point matches with 50 and 62% retracement levels. With that convergence of factors, the trendline backside test makes a good entry point!






Trading the American Dream
An American investment banker was at the pier of a small coastal Greek village when a small boat with just one fisherman docked. Inside the small boat were several large yellow fin tuna.

The American complimented the Greek on the quality of his fish and asked, "How long does it take to catch them?" The Greek replied: "Only a little while."

The American then asked why didn't he stay out longer and catch more fish? The Greek said he had enough to support his family's immediate needs. The American then asked, "But what do you do with the rest of your time?"

The Greek fisherman said, "I sleep late, fish a little, play with my children, take siesta with my wife, Maria, stroll into the village each evening where I sip wine and play cards with my friends, I have a full and busy life."

The American scoffed, "I am a Harvard MBA and could help you. You should spend more time fishing and with the proceeds, buy a bigger boat with the proceeds from the bigger boat you could buy several boats, eventually you would have a fleet of fishing boats.

Instead of selling your catch to a middleman you would sell directly to the processor, eventually opening your own cannery. You would control the product, processing and distribution.

You would need to leave this small coastal fishing village and move to Athens, then London and eventually New York where you will run your expanding enterprise."

The Greek fisherman asked, "But, how long will this all take?" To which the American replied, "15-25 years."

"But what then?" The American laughed and said that's the best part. "When the time is right you would announce an IPO and sell your company stock to the public and become very rich, you would make millions."

"Millions ... Then what?" The American said, "Then you would retire. Move to a small coastal fishing village where you would sleep late, fish a little, play with your kids, take siesta with your wife, stroll to the village in the evenings where you could sip wine and play cards with your friends."
 

Our Weekly Trading Zones and Chart Room Access are emailed to members prior to the open every Monday. Join us M-F from 9am-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

 

Thursday, November 18, 2010

Emini Futures / Trading In The Zone

 (QQQQ)(DIA)(SPY)(GLD)($SPX)

from the trading desk of CFRN...

Just when you thought it was safe to go back into the water... The Bulls showed who was in charge after erasing nearly all of this week’s early losses in today’s session. The breadth of the market was strong and broad-based across all asset classes.  DJIA +1.55%, SP EMINI +1.54% and the Nasdaq +1.55% and commodities including crude +2.3% and gold/silver +1.15%/+5% respectively.  Last night the market got a kick start from bullish comments out of Europe.  Ireland would cooperate with the European Union and the International Monetary Fund (IMF) on an aid package.  Earlier this week the uncertainty between the parties caused the markets to slide.  What a difference a few days make??  An additional boost was added when the US markets opened, the weekly jobless claims hit a two-year low and the Philly Fed reported an uptick in regional manufacturing.  Also cited was the Government Motors (GM) IPO (did I say that?) adding to the interest in equities.  Throw in a dash of short covering for those traders who were anxious to get short and got short in the hole.  If you were watching our program on CFRN yesterday we were warning folks this market was showing signs of a bottom- we forgive you.

Technically the market nailed our Weekly Trading Zone (WTZ) pivot today or the 1198/1199 area.  That area also represents a 50% retracement level from the 1224.75 hi last week to the 1171.00 low put in on Tuesday in the SP EMINI.  With that being said what’s in store for tomorrow?

In our opinion, with the close today in the SP EMINI we could see a follow through to the upside or a test of the 1205/1206 level and another WTZ or approximately a .618% retracement level.  If the bears try to retake control of this market I would envision this level as being an opportunity to go short.  Watch your CFRN Indicators for sell signals at that level.  Now, if we pullback into today’s range one should highlight the 1187/1188 area as support and particularly the 1181/1182 area as support.  Both levels are Weekly trading zones in the SP EMINI and ironically represent .382% and   .618% retracement of today’s range.

Stay Alert Stay Alive


The Magnetic Personality of the Weekly Trading Zones

S&P 500 Emini Futures / ES

 
Pattern of the Day - BULLISH RISING THREE METHODS
This continuation pattern failed to confirm on the 5th candle as highlighted on the 30 minute chart above. It is important to allow any price pattern to complete before taking action. Today we have a perfect example

Bullish Rising Three Methods Pattern



Type: Continuation
Relevance: Bullish
Prior Trend: Bullish
Reliability: High
Confirmation: Suggested
No. of Sticks:   5
Our Weekly Trading Zones and Chart Room Access are emailed to members prior to the open every Monday. Join us M-F from 9am-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, November 17, 2010

Emini Futures Trading / Inside Day

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

from the trading desk of CFRN... 

Standing aside “is” a position in that it can help with cash preservation during choppy trading or coiling market conditions. Today had been an “inside day” in that the range was $1182.00 - $1173.25 (a range smaller than that of the previous days session). Our CFRN Weekly Trade Zones of $1181.00 - $1182.00 were covered in today’s session.

Our US Economic Reports were: US October CPI rose .2%. US October Real Earnings for all private workers were +.3%. Housing Starts fell 11.7% to a 1 ½ year low. The reports certainly seem to support further stimulus by the Federal Reserve. White House spokesman Robert Gibbs stated that Europe has the ability to deal with recent debt woes as with Ireland, Greece and Portugal. While giving an optimistic slant to the crisis situation, we still have concerns on the next shoe to drop.

The US Dollar Index had an inside day closing slightly lower on the day! The Euro Zone ministers are putting together a plan to bail out Ireland’s banking sector that includes the IMF. Dublin has been slow to request the aid. If we should get resolution on the sovereign debt crisis, the Euro FX may bounce and the US Dollar may weaken. This could potentially create a bounce in the E-Mini S&P 500. It is amazing how in touch with our Euro neighbors we are during these times. Should we find further insolvency problems, the E-Mini S&P 500 may yet have a bit of a washout.

Tomorrow, we look to our Initial Jobless Claims for US Economic Reports.

The trend remains down, but we could get a little bounce as today was lackluster and the market paused from it’s decline. Failure to ascend to the $1219.00 level may be construed as technically weak; hence, we may continue our downslide later in the week. $1178.50 appears to be a point of control or comfort zone for the market. Should we breach the $1225.00 zone, our CFRN Weekly Trade Zone gives us $1231.00 - $1232.00. If we stay capped, our CFRN Weekly Trade Zones are $1215.00 - $1216.00, $1205.00, $1206.00. We may find the CFRN Weekly Trade Zone $1199.00 - $1198.00, $1187.00 - $1188.00 and $1181.00 - $1182.00. In This type of retracement, we may find ourselves back at CFRN’s Weekly Trade Zone $1163.00 - $1164.00 or further. A consolidation or pennant in this area would not surprise me!

Create a definite plan for carrying out your desire and begin at once, whether you are ready or not, to put this plan into action. - Napoleon Hill

Quantitative Easing Explained 


Our Weekly Trading Zones and Chart Room Access are emailed to members prior to the open every Monday. Join us M-F from 9am-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, November 16, 2010

Emini Futures Trading / The Bulls Have Left The Building

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

from the trading desk of CFRN...

The Bulls have left the building! We slipped today to a low of$1171.00 from a high of $1195.25 achieved at the open of the session yesterday at 3:30 PM CST. Traders expecting a bounce toward the close only experienced the disappointment of another leg down.

The main driver of the markets was the sovereign debt in Ireland. Ireland really is only a potential starting point as other countries such as Greece and Portugal are still in question. The sentiment is that if the debt- ridden countries are seeking rescue packages, the sovereign debt situation could escalate beyond the capacity of bailout funding. President Barack Obama is en route to Lisbon on Friday/Saturday to discuss the economic conditions in Portugal at the NATO summit. George Soros made comment on China’s growth and the US falling behind as the global pecking order places emphasis on China. Ireland is still on the table in terms of the rescue package details.

For our US Economic Reports today: US Industrial Production was flat in October. Capacity Utilization was flat. The US Core PPI fell .6%.  

Again, the US Dollar Index had a run to $79.585 that weighed on the other markets. Supported by news of the Euro FX debt woes, the dollar usually works inverse to the Euro FX. We do not see a resolution in sight, so the direction of the dollar may be perhaps inside day tomorrow to higher. The US T-Bonds also benefited as a safe-haven vehicle up 1^16 on the day.

Our CFRN Weekly Trade Zones of $1187.00 - $1188.00 and $1181.00 - $1182.00 were covered in today’s session.

Tomorrow we look forward to CPI, Housing Starts and Permits and Real Earnings. 

The trend remains down, but we could get an inside day reflecting a slight bounce as traders await direction from the US Dollar.

$1182.50 appears to be a point of control or comfort zone for the market. Should we breach the $1225.00 zone, our CFRN Weekly Trade Zone gives us $1231.00 - $1232.00. If we stay capped, our CFRN Weekly Trade Zones are $1215.00 - $1216.00, $1205.00, $1206.00. We may find the CFRN Weekly Trade Zone $1199.00 - $1198.00, $1187.00 - $1188.00 and $1181.00 - $1182.00. In this type of retracement, we may find ourselves back at CFRN’s Weekly Trade Zone $1163.00 - $1164.00 or further. A consolidation in this area would not surprise me! 

Life's blows cannot break a person whose spirit is warmed at the fire of enthusiasm. Norman Vincent Peale

Weekly Trading Zones
Here's an example of a trade inside the Zones...

S&P 500 Emini Futures / ES
Our Weekly Trading Zones and Chart Room Access are emailed to members prior to the open every Monday. Join us M-F from 9am-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
 

PageTrader Webinar Today

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Monday, November 15, 2010

Emini Futures Trading / Weak Close - Weak Open?

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

from the trading desk of CFRN...

Weak close, weak open? We had a bit of an inside day today with a high of $1205.75 and a low of $1192.50 in the E-Mini S&P500. US Business Inventories rose .9% in September. US Retail Sales were up 1.2% which going into the Christmas Holiday Season is vital to our business communities. NY Fed Manufacturing Growth declined to -11.1 in November.

At 10:45, we were trading at $1205.75 and by the close, the market sunk to $1195.75. The market stayed in the CFRN Weekly Trade Zone of $1198.00 - $1199.00 and touched $1205.00 - $1206.00.

The US Dollar Index was up today hitting a high of $78.86. In light of the US Economic Reports being fairly unpredictable along with the debt woes still circulating in Ireland and Portugal, it is difficult to see the E-Mini S&P 500 breaking through the cap of $1225.00 anytime soon. Bulls are bound to tire in the midst of criticism of the Feds Monetary Policy by Russia and China as of late.

If we do not see a resolution for the sovereign debt problems, they could hold our E-Mini S&P 500 under for awhile. San Francisco Federal Reserve Research Director John Williams made commentary on our slow economic recovery, stating that is too slow for consumers and businesses to regain confidence. Tomorrow, we look forward to PPI, Capacity Utilization and Industrial Production. Can we have a turn-around Tuesday? Yes, we can, but will we in the face of the higher dollar and slipping Euro FX? 

The trend remains down, but traders await direction from the US Dollar.  A stronger dollar could pressure many of the tangible markets such as the E-Mini S&P 500, the Metals and Energies.  $1199.00 appears to be a point of control or comfort zone for the market.  Should we breach the $1225.00 zone, our CFRN Weekly Trade Zone gives us $1231.00 - $1232.00.  If we stay capped, our CFRN Weekly Trade Zones are $1215.00  - $1216.00, $1205.00, $1206.00.   We may find the CFRN Weekly Trade Zone $1199.00 - $1198.00 the point of control for the Market.  Should we slip, the CFRN Weekly Trade Zones are $1187.00 - $1188.00 and $1181.00 - $1182.00.
 

  • We all face a series of great opportunities brilliantly disguised as impossible situations. - Unknown


On Friday I told you I couldn't promise you this type of WTZ action every trading day.


However, if you're truly curious how often it really does happen for us... If you want to make trading your career and not just an expensive hobby... If you've reached the point where all you need now is that teeny tiny "edge" Mark Douglas talks about in "Trading In The Zone"... Allow me to humbly suggest that you take advantage of this today, while it's still free...  

Along with the Demo Platform courtesy of Daniels Trading, you get the CFRN Indicator Set for a full week, absolutely free. Make the best use of your Free Trial, Grab the Weekly Trading Zones NOW, while you still can!

Our Weekly Trading Zones and Chart Room Access are emailed to members prior to the open every Monday. Join us M-F from 9am-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
 

Friday, November 12, 2010

Emini Futures / Trading The Zones With CFRN

Accurate Support and Resistance levels
are critical to your success as an Emini Daytrader.

What if you knew days in advance where price was headed?
Would that increase the odds of your trading plan?


S&P 500 Emini Futures



How often does that really happen?


Trading's not easy, but it can be simple!


Wednesday, November 10, 2010

Webinar - Learn To Trade Emini Futures

Capture the Move Webinar Series is proud to present 
“The CFRN Indicators”
Tools that make sense in intraday trading! 
Identifying and profiting from trend changes in intraday trading may look easy in hindsight, but in the heat of a trade, traders often lose for many reasons. CFRN Indicators are designed by traders who trade for a living for traders who want to trade for a living. The developers have been through the costly lessons in trading and bring to you the structure and discipline that their indicators and the structure of their trading package provides. Why try to re-invent the wheel when you can try out the CFRN Indicator Package with dt Pro Simulator to experience the benefits of trading with the constant support of a community of traders who trade for a living? Key filters can pay for themselves in exacting buy/sell signals and garnishing profits while keeping a manageable risk parameter to your trades.

Spend an hour with us to experience the live trading event this
Thursday, November 11th from 2:30 - 3:30 CST!  
Your hosts DeWayne Reeves, Michael Bourque and Burton Schlichter will be pleased to show you the CFRN Indicators and address any of your questions or concerns in trading. 

CFRN

Educational - Inspirational - Motivational

Trading’s not Easy - But it can be Simple!

I hear, and I forget. I see, and I remember.  I do, and I understand.
-- Chinese Proverb
 



IF YOU MISSED THE WEBINAR, WATCH IT HERE

Emini Futures Trading / Jobless Claims Drop And Market Follows

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

from the trading desk of CFRN... 

Our $1225.00 Cap has held like a champ so far! Round 5 and the E-Mini S&P 500 has not penetrated our alleged cap at $1225.00! The Initial Jobless Claims Report showed a drop by 24,000 to 435,000. At 9:05 CST AM, we were at $1201.75 rising to $1217.00 by 1:15 CST PM. This report renews hope in our economic recovery, but dims the Fed’s action regarding further stimulus injections. Without further stimulus or withdrawals from previous stimulus numbers, we may see a stronger US Dollar.

President Obama is currently under scrutiny regarding the Fed’s plans as he attends the G20 Meeting in South Korea. One of the key issues was the other countries view of a weaker US Dollar. Certainly the weaker dollar helped US Export numbers and therefore aided in the recovery, but in terms of fair trade practices with our foreign neighbors, it is not beneficial to them. The tensions that may rise abroad are of concern to us as the G20 must have cohesion to operate as a successful organization. They are also under scrutiny as well, as the global economic community decides how effective the G20 is.

Fears about Ireland was positive to the German Bund as investors shifted funds from the Euro FX. Often traders will look at the Euro FX to determine their action in the E-Mini S&P 500. The stronger US Dollar Index and the weaker Euro FX keep traders nervous to hold any longs for any extended length of time.

We stayed within CFRN’s Weekly Trade Zone of $1219.00 - $1220.00, $1215.00 and $1207.00 - $1208.00. Of particular interest is the 1207/1208 area which has provided support thus far on Globex tonight.

Tomorrow is Veteran’s Day! Foreign Exchange and Interest Rate Futures are closed.

We would like to take this opportunity to express our gratitude to all the brave men and women who have served our country. Thank You!





Only two people have ever offered to die for me -
Jesus Christ and an American Soldier.


The trend remains up, but traders await direction from the US Dollar. A stronger dollar could pressure many of the tangible markets such as the E-Mini S&P 500, the Metals and Energies. $1211.00 appears to be a point of control or comfort zone for the market. Should we breach the $1225.00 zone, our CFRN Weekly Trade Zone gives us $1227.00, $1231.00 - $1232.00. If we stay capped, our CFRN Weekly Trade Zones are $1219.00 - $1220.00, $1215.00, $1207.00 - $1208.00. Any momentum could take us back to CFRN’s Weekly Trade Zone of $1195.00 - $1196.00. Veteran’s Day may be light in volume. Erratic trading may create more choppy trading. If any sizeable fund managers decide to trade numbers, the market is vulnerable to a substantial move. It will be a good day to trade the channel formed. $1225.00 penetration could possibly give this market some legs, on the other hand below $1200.00 can start some liquidation. Breakout trading does not work well in many market conditions, but when stuck in a channel, it can be helpful.

All men like to think that they can do it alone, but a real man knows that there is no substitute for support , encouragement or a pit crew. - Tim Allen

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