Friday-April 12, 2013
(time stamps are EST)
12 Apr 2013 09:26 am
This is not just a pullback and then a rally all day. Indicators won't be as
overbought, but should have enough downside to put them in neutral
12 Apr 2013 09:27 am
Could be a bounce in the first 20-30 minutes but not likely going to hold.
12 Apr 2013 09:35 am
First pop up sold into, 82 area could give a pop if not then 79-78
12 Apr 2013 09:40 am
Bounce from 82.25. 86-86.50 resistance if 83.50 holds. Consumer sentiment at
9:55 AM
12 Apr 2013 09:46 am
83.25 reached on pullback from 84.75 double top, as long as pullback holds 83 no
breakdown. But should be not much more upside
12 Apr 2013 09:47 am
86.50 area resistance, a pullback needs to bounce from 84 area
12 Apr 2013 09:49 am
86.50 area rejected, It will take a break back below 84.50 and not turn right
back up to dent the upside at the moment
12 Apr 2013 09:53 am
Number in just a few minutes. 86.50 resistance needs cleared/held or breaking
back down again
12 Apr 2013 09:57 am
84.75 should not be cleared/held. Key area and then 86.50 retest if taken out.
Around 80-79 area key support
12 Apr 2013 10:01 am
The bounces are selling opportunities, early high made about 20 minutes in, 79
area likely.
12 Apr 2013 10:05 am
Watch 80-79 for a support area on another push lower, or work that way if
there's feeble bounce. 83.25, if cleared could pop up
12 Apr 2013 10:09 am
80.50 was bid right back up, they move over 83.25 is needed to hold, or can pull
back again
12 Apr 2013 10:14 am
84.50 area could be a turning point area, 82.50 area needs to hold on pullback
12 Apr 2013 10:21 am
Two bounces of about 4 points on the ES. Should test 79.50 as long as holds
under 82.50
12 Apr 2013 10:32 am
If 80.75 is going to hold as a low, then 83 needs taken out/held on a dip. It's
choppy, small support 81.50 should hold or they keep going through 80.50
12 Apr 2013 10:36 am
Still holding under 83, 5 pokes to 81-80.75 held so far, should be broken
through to 79 area
12 Apr 2013 10:41 am
Another pop up will be a shorting opportunity, even if it's a bounce from 79
area. A 2 point bounces likely sold, 3.50-4.00 point bounce max
12 Apr 2013 10:46 am
79.25 reached so far, some short covering possible. This pattern is bearish,
76-75 next. 80.25 resistance
12 Apr 2013 10:52 am
75.50 support/target was reached, a good morning for the short side. 79.50 area
resistance. Needs broken to dent downside momentum
12 Apr 2013 10:55 am
In an out for the next 15-20 minutes, a retest of the low must bounce
immediately or 72.50-71.50 a major area not listed last night.
12 Apr 2013 11:15 am
A bit of a double bottom, but should stay under 79 to keep good downtrend intact
for now. 76.25 is small support. If 79 broken then some
12 Apr 2013 11:16 am
Pressure would be off for a bit. Would need to get back above 80.50/hold not
reverse if there is a move above 79
12 Apr 2013 11:24 am
So far 79 reached and rejected a bit. Stays bearish under 79
12 Apr 2013 11:35 am
Barely poked over 79, but was decent buying around 77 keeping the ES from
breaking back down again. That is now 78, key pullback support
12 Apr 2013 11:38 am
79-79.25 sold for a third time, and that's resistance also, so should drop from
here or thanks change for a while
12 Apr 2013 11:47 am
There was buying at 77 around 11:28 AM, this push needs to take out 79 and then
hold 78.50 area on a dip
12 Apr 2013 11:55 am
80.50 area some resistance, but market okay for now as long as 79 is held on a
pullback
12 Apr 2013 12:10 pm
Pullback held at 79.25 and bounced back to 80.50. A bit more on the upside
likely. If 82.50-84 area reach and stalls, look for pullback there
12 Apr 2013 12:15 pm
That might be all there is left for this bounce as the last pop up made a double
top at prior support now resistance, would need taken out
12 Apr 2013 12:36 pm
Pullback to 78.50 giving a bounce attempt. To get into a somewhat strong
position, ES needs to push over 80.50 and hold around there on a dip.
12 Apr 2013 12:38 pm
That will be hard to pull off, should not get back above that area and be able
to hold. But just in case. ES needs to stay over 79.50 area
12 Apr 2013 12:41 pm
For now gaining strength, as long as 80-79.50 area holds market remains an
uptrend
12 Apr 2013 12:52 pm
That 79.50 is as far as a pullback should go or a high will be in poor early
afternoon, 82.50 next resistance
12 Apr 2013 12:53 pm
Back in about 10 minutes or so
12 Apr 2013 01:10 pm
82.50 had a pullback on the first test but held 82 and up to 84 area where
market broke earlier. 82.50 support now on a pullback
12 Apr 2013 01:16 pm
If they bounce up again and stop around 83 it's a short, that should be a bounce
high in place, at the least strong resistance around 84
12 Apr 2013 01:46 pm
80.50 pretty good support, if that is broken then the market could break pretty
hard late in the day. 82.50 is a bounce resistance, 84 key
12 Apr 2013 01:54 pm
82.50 was reached and rejected for a shorting opportunity. A break of 80.50 area
can go for 77.50 may be quickly
12 Apr 2013 01:56 pm
Any kind of bounce will be sold into, market should be down hard a few days
given internals reach extremes for first time in months
12 Apr 2013 02:03 pm
A battle between 82.50 and 80 areas. A push over 82.50 needed to get squeeze
towards 84-84.50. 86 area Key IF exceeded
12 Apr 2013 02:05 pm
A break of 80 area can open the door for a drop back down to 75.50-75 zone,
was/is major for today.If unable to hold 72.50-71.50 should/must
12 Apr 2013 02:10 pm
FYI:am planning to make some changes to the service. If there is something
simple to add that would be helpful email Mike@TradeStalker.com
12 Apr 2013 02:12 pm
Cannot promise a reply but will definitely read comments and see if things can
be implemented without adding extra work/time currently
12 Apr 2013 02:15 pm
Range inside of a range, 82 resistance and 81 support, it's the 80.50-80 area
that is a transition area and would like to see that broken for
12 Apr 2013 02:16 pm
Four confirmed downtrend underway. Can pop up a bit further, but not likely
going to stick at higher prices. Should be selling into strength
12 Apr 2013 02:30 pm
80.50 area resistance now on a bounce
12 Apr 2013 02:39 pm
79.25 able to hold and bounce back to 80.50, if that is cleared/held then 82
could be in the cards before pullback attempt
12 Apr 2013 02:49 pm
Needs to bounce from 80.25-80.002 ovoid potential breakdown. Making lower highs
and 81.50 needs cleared now to take pressure off
12 Apr 2013 02:54 pm
Between now and Monday expecting 75 to at least get a retest and really should
breakthrough that unless the market remained very strong
12 Apr 2013 02:57 pm
Just in 18 point drop from top to bottom, and should be 24 points at least, and
that would be 69 area where breakout occurred.
12 Apr 2013 03:12 pm
As long as 80.50 is held there can be a bit of short covering but shouldn't take
out 82.50/hold unless going to close strong towards 84
12 Apr 2013 03:18 pm
81.25 should be pivotal in a pullback from just over 82.50
12 Apr 2013 03:31 pm
81.25 able to hold on the pullbacks so far. That will still be pivotal in the
last 30 minutes. They pop up to the 84 area and sold into
12 Apr 2013 03:33 pm
Have a great weekend! Should be a good Monday for some good-sized moves. I will
catch you around the open. Take care
Thursday-April 11, 2013
(time stamps are EST)
11 Apr 2013 09:24 am
Mostly will be trading from the short side today. Internals reached overbought
for first time in 2+ months
11 Apr 2013 09:29 am
A bounce from 82 is possible but will be sold into. But they break/hold then
this turns
11 Apr 2013 09:37 am
Per last nights update the pressure stays on under 84. 83.75 high so far. They
break the 82 should mean 79-78 at least
11 Apr 2013 09:49 am
Just the little pop-ups were sticking until reversing out from 81. 82.50-82 is
key, should not be broken if going to make another push higher
11 Apr 2013 09:51 am
Just a little higher at 86.50-87.50 area is where the key area is in should be
tested before a reversal attempt
11 Apr 2013 09:52 am
Needs to stay above 84-83.50 area on a dip to keep a strong uptrend for now
11 Apr 2013 09:58 am
84.50-84 and needs to hold to it to 86.50-87.50. If thats reached and rejected
it can start a decent pullback. It may be already starting
11 Apr 2013 10:01 am
84-83.50 tested, A pop-up should be sold into, especially the NQ.
11 Apr 2013 10:05 am
86.50-87.50 just a missed sofar. That is potential reversal area, the 84-83.50
is now key support the rest of the morning.
11 Apr 2013 10:13 am
87 reached so far. It will take a move back below 85.50-85 S that doesn't turn
right back up to put any pressure on for pullback/drop
11 Apr 2013 10:18 am
Resistance rejected, a retest would be a short also.
11 Apr 2013 10:30 am
87.00 was sold down to 84.75 where turned back up. At resistance, but 84.50
yesterdays high area would need to be broken to begin reversal.
11 Apr 2013 10:35 am
They're going to need to make another run up to take out 87.50/hold, don't see
that happening
11 Apr 2013 10:49 am
Runaway market on the upside still, pullbacks have been 1.75, 2.25, and 2.25
points off of the highs and then back up again. We've had this
11 Apr 2013 10:52 am
Pretty much since Monday morning low. 89 is a level that came up 2 times when
doing "resistance" up here. But need more than 2.50 point dip
11 Apr 2013 10:56 am
88.50 support on a dip, or about 1.75-2.50 points off of the high.
11 Apr 2013 11:02 am
Simply amazing melt-up to this point, should begin to get toppy now that this
has gone parabolic,
11 Apr 2013 11:10 am
Buyers backing off. 88.50 area is the key support on a pullback, there's a
chance to go to 92-93, Holding 90 keeps it very strong. Next update 15 minutes
11 Apr 2013 11:30 am
93 resistance was rejected, and buyers starting to back away. Next pop up a
short opportunity
11 Apr 2013 11:43 am
91.50 is resistance on a bounce, if they pop up and turned back from that area,
another ~4 point pullback
11 Apr 2013 11:54 am
ES made a tiny double bottom at 88.25, but there is pressure on unless 90.50-91
is cleared and not sold into instead. 84.50 area still key S
11 Apr 2013 12:09 pm
Normally would be a sharp move up after trading sideways, but no strong buying
interest to get this even above 90
11 Apr 2013 12:21 pm
88 was broken by 1 tick and turned up. Fullback held 88.00 and turned a back up.
If third trip gives break/hold of 88 changes market dynamics
11 Apr 2013 12:27 pm
Pops are not able to stick, even though 88 has been holding. This can be a move
that breaks the market down. A short at/under 89-89.50
11 Apr 2013 12:38 pm
a decent move up off of 87.50 to 89.50, pullback needs to hold 88.50 if going to
try another push higher
11 Apr 2013 12:55 pm
The action has thinned out, but needs to stay over 89 to have a chance to make
another push higher. If broken than a bounce that follows fails
11 Apr 2013 01:00 pm
This should even see the 89 area for a while or will be getting a little bit
weak. Retest of 93 possible. If 90.50 holds
11 Apr 2013 01:16 pm
Stalled out and should be sold under 91.50 area
11 Apr 2013 01:17 pm
NQ looks weaker than the ES if there is a decent pullback from up here
11 Apr 2013 01:21 pm
91.50 and is reached but must get a break of 90.50 and hold, market acting
better up here than originally thought
11 Apr 2013 01:26 pm
If there no bounce from 90.50, then breaking down and a bounce that follows
would be a short down to the 88 area
11 Apr 2013 01:30 pm
90.50 was touched and bid up so far, has to hold that area to have a chance to
go through 92 and test high. Breaking down if not held
11 Apr 2013 01:36 pm
Turn right up from poke to 90.25 and at 92, should see 93 and may go higher the
way this is acting. Just be careful for potential double top
11 Apr 2013 01:43 pm
If another push higher it will be sold into, not able to stick around 92-93 area
11 Apr 2013 01:47 pm
Bounce from 90.50 should have trouble around 91.50-91.75 if going lower
11 Apr 2013 01:53 pm
Bounces stopped at 91.25, market has a top in place the way the indicators set
up just put in one day late
11 Apr 2013 01:56 pm
It should go back to the 84-82 area do not today then tomorrow. 89.50-90.50
resistance. 87.50-86.50 support
11 Apr 2013 02:06 pm
88-89 area resistance on bounce
11 Apr 2013 02:15 pm
Pressure stays on with one minute chart set up and the e-book guiding this since
1:50 PM. 88 currently needs cleared
11 Apr 2013 02:18 pm
86.50 was a small support, that should hold for a bounce back towards 88, that
area needs pushed through with momentum. 84.50-84 next S area
11 Apr 2013 02:32 pm
88 broken and so far held on a dip. If not held, they bounce after that should
be sold into
11 Apr 2013 02:35 pm
88.25+ bid on a pullback, now should be some selling around 89.50-90 area
11 Apr 2013 02:39 pm
89.75 ounce high so far, 88.50 needs held or could be breaking down from that
resistance
11 Apr 2013 02:43 pm
The bounce stopped right in important resistance area for this afternoon at
89.50-90.00 area. Chance to test high if exceeded/held.
11 Apr 2013 02:48 pm
Not expecting a bounce to stick at higher levels. But needs to hold 88 area on
pullback and bounce, or could see a drop towards 44.50 area
11 Apr 2013 02:50 pm
Market will be vulnerable rest of the afternoon unless 90 area is pushed
above/held. Don't see that happening but not impossible.
11 Apr 2013 02:54 pm
That is 84.50, not 44.50. 88 holding for now, but Good sellers above if another
bounce stalls again in the 89.50-90 area.
11 Apr 2013 03:03 pm
Barely poked over 90 but did not stick. 89 and then 88 support. Could go higher
but not stick over 91 if reached
11 Apr 2013 03:11 pm
89.50-89 needs to get bid right back up, if that's broken then trend can change.
They push over 91.50 will be sold most likely
11 Apr 2013 03:17 pm
I need to leave a little early today. This area is not liked by the market and
odds are you will see these prices again after a bounce
11 Apr 2013 03:19 pm
Outside chance they run up to around 96 which is around 1600 on the cash, but
doubt that given today's action, sell bounces. 88 key may be broken
11 Apr 2013 03:20 pm
Have a good rest of your day, catch you tomorrow shortly after the open
Wednesday-April 10, 2013
(time stamps are EST)
10 Apr 2013 11:49 am
Hello. I will need to be away for 20 minutes and just a bit. But notice that the
pullbacks today have been 2.75, 2.25, 2.50 points. So
10 Apr 2013 11:53 am
it has been another mini melt up kind of day. Tiny pullbacks and steady buying
all the way up. By end of the day/tomorrow this will be ready
10 Apr 2013 11:55 am
For a pullback, but needs to break strong upside momentum and trend, at least
break the symmetry of the tiny pullbacks <3 pts
10 Apr 2013 12:01 pm
79.25-78.75 area needs to hold on pullback to keep upside intact. It is feeling
a bit top heavy with sellers above on bounce
10 Apr 2013 12:11 pm
2.50 point pullback off of the 82 high so for. Shouldn't go much further than
that to keep this strong uptrend going as it has
10 Apr 2013 12:15 pm
I will be away for about 20 minutes. Should trade from long side unless/until
more than just a 2.25-2.75 point pullback.
10 Apr 2013 12:43 pm
After the fourth 2.25-2.75 point pullback held, they moved to a higher high at
83.25 so far. 82 area small support,
10 Apr 2013 12:44 pm
If broken, still should not drop farther than 2.25-2.75 pts and continue
grinding higher
10 Apr 2013 01:09 pm
Tiny double top at 84 area, but other double tops been pushed through on the way
up. 82-81 area needs to hold on pullback
10 Apr 2013 01:25 pm
There is other support aside from the 2.25-2.75 point pullback symmetry around
82-81.50. This will stay in strong trend up mode unless broken
10 Apr 2013 01:28 pm
86.50-87.50 should be a pretty strong resistance/target on outside. A turn back
down from that area possible but careful top picking, need rejection
10 Apr 2013 01:32 pm
The Fed minutes were leaked early today and means there will be eight 2 PM
release the way I understand it. A 53 not held, next to bounce sold
10 Apr 2013 01:46 pm
Yet another 2.25 point dip off of the high was held. 8280 support area now, a
cluster of numbers around that area at the moment
10 Apr 2013 01:58 pm
Going sideways with the last two pop-ups being sold into. However, unless a
break under 82-81.50 the trend up intact. 79-78 S if broken
10 Apr 2013 02:25 pm
Third rejection of 84 telling, should be in for bigger pullback, especially on
breakup 82
10 Apr 2013 02:29 pm
Another 2.50 point pullback bought at 81.75, but bounced should not be able to
stick. Resistance around 83-83.25 if going to break
10 Apr 2013 02:47 pm
The drop to 81 is the deepest pullback all day, 81.50 should hold to test high
or higher.
10 Apr 2013 02:51 pm
It looks like 82 would need to be bid right back up if tested to avoid potential
rollover, or at least have trouble holding gains begin
10 Apr 2013 02:59 pm
A close up here with internals like this will put almost all internal gauges at
overbought extremes, odds of pullback have gone up
10 Apr 2013 03:11 pm
Could get a bounce, but 82 would need to be pushed through with some gusto or
going lower after that move stalls
10 Apr 2013 03:17 pm
If there is a late day bounce, it will need to get back above 82-82.50 and not
turn right back down. High should be in. 79-78 area support
10 Apr 2013 03:20 pm
79-78 Should be key support end of the day. If not held, bigger trends begin
turning down.
10 Apr 2013 03:27 pm
End of day bounce started n, 82-82.50 needs to be cleared/held not rejected. 81
minor support a strong, 80 should hold
10 Apr 2013 03:31 pm
82-82.50 was pushed through by one tick then reversed, some pressure on unless
52.50 exceeded/held down to 81-80.50
10 Apr 2013 03:38 pm
It looks like a pullback should hold around 81.50-81 at the worst and turn back
up if today is going to end on a strong note
10 Apr 2013 03:45 pm
86.50-87.50 is the resistance on the upside, would expect selling into that area
if reached. Have a good rest of your day,
10 Apr 2013 03:45 pm
I will catch you tomorrow around the open. Should be a good trading day given
the way things have been going
Tuesday-April 9, 2013
(time stamps are EST)
09 Apr 2013 09:22 am
Not able to stay over 62.50. 62-63 strong resistance to clear/hold. 60.50 and
then the 59 area minor
09 Apr 2013 09:24 am
Per last night's update look for the early strength to be sold, and then a
decent pullback a buying opportunity most likely
09 Apr 2013 09:35 am
Pop up to resistance and turn down, 58 area support
09 Apr 2013 09:44 am
Use 57.75-57.25 support as target area to cover any shorts and potential for a
bounce. If no sign of that, down to 54
09 Apr 2013 09:49 am
The 62.00-62.50 zone was sold in the 1st minute and 6th minute. 58.00 low 1 tick
over 57.75-57.25 support. Need a push over 60.50
09 Apr 2013 09:53 am
Stair stepping down with 59.25 a key resistance now. This bounce should fail
around 58 is going lower towards 54 support area
09 Apr 2013 10:02 am
58-58.50 area pivotal resistance on this bounce
09 Apr 2013 10:13 am
58-58.50 area barely poked over, 58 needs to hold that worst from here to avoid
another push lower
09 Apr 2013 10:17 am
58.25 held on the dip and turned up, if 60 is pulled over look for a turned back
down
09 Apr 2013 10:26 am
Support now around 59, needs to hold over that area to keep up trend. Look for
sellers on retest of 62-62.50
09 Apr 2013 10:31 am
Just missed resistance and sold again. 59.50 key support now, 57 area under that
09 Apr 2013 10:37 am
59 pullback low, 2 pullbacks and this uptrend of 2.25 points. 59 a key support
for now
09 Apr 2013 10:41 am
Sell against 61.25-62.00 double top, needs deeper pullback then very strong
rally to get through that zone
09 Apr 2013 10:51 am
Pullback held 57.75 and bounce back to 59.25, bounces not sticking and now 57.75
needs held or a bounce that follows will be sold also
09 Apr 2013 10:56 am
So for we have 2 sided action, bounce from 57 area could go to 58.50 and turned
back down if on our way to the low or lower
09 Apr 2013 11:03 am
58.50 sold right down, that is pivotal up here and market still under pressure
unless exceeded/held
09 Apr 2013 11:06 am
Pop up to 58.75 was quick. 57 area better support. Another push higher may not
stick, but avoids trouble as long as 57 held
09 Apr 2013 11:19 am
57 held for a bounce but they are not sticking, another bounce should fail and a
lower low made
09 Apr 2013 11:26 am
So far this pullback low held 55.50 lo of the day, but another push lower if
hold under 58 and 2779 on NQ
09 Apr 2013 11:32 am
A double top and double bottom and side of the first 30 minute range. Two-sided
action, should sell off from 59, if not then a poke to 60.50
09 Apr 2013 11:45 am
A hold over 59 needed if there is going to be a push over 60. If there is a push
over 60, expect it to be sold into
09 Apr 2013 11:50 am
60 was touched/sold down to 59. 58 area pivotal on pullback and should get a
test
09 Apr 2013 11:59 am
61.75 area possible on this move, only if 59.50 is held in pushed up quickly.
Next update in about 10 minutes.
09 Apr 2013 12:14 pm
59.50 holding so uptrend still intact and can try for 62 area again. Just need a
good push through 61, not reverse again
09 Apr 2013 12:24 pm
61.25 was reached, if this doesn't hold 60.50 then 59 area could be back same
again. If 60.50 holds, chance to test/break 62-62.50
09 Apr 2013 12:31 pm
ES went to 60.25 then pop up. About to test 62-62.50 and maybe go a bit above,
sign of reversal so far. But pullback when stalls out likely
09 Apr 2013 12:32 pm
61 area is support now on a pullback. Should see buyers back off up here pretty
soon, and buy pullback but careful up here
09 Apr 2013 12:40 pm
62.50-62 area should hold as support if this is going to stay strong, otherwise
61 area would be next support. A pop-up to new high sold
09 Apr 2013 12:49 pm
So far 62 held on a dip, still bullish unless broken. A token higher high likely
sold into, also watched 2788 on NQ for breakdown potential
09 Apr 2013 01:02 pm
62 was only broken by one tick, keeping this in an uptrend and not rolling over.
This can push towards 66 next if continues
09 Apr 2013 01:10 pm
62.50 area is support, if that is broken then 61.75 could be a key area to hold
to avoid potential reversal. 64 then 66 R
09 Apr 2013 01:19 pm
Still good buying similar to yesterday, as long as 62.50 holds at worst, stays
in strong uptrend. 66 next
09 Apr 2013 01:25 pm
66 was just messed, pullback should not go under 64.50-64 at the worst to keep
this pushing higher. Careful not to go against this unless turns
09 Apr 2013 01:30 pm
Now the 65.50 area needs to hold to keep this really strong uptrend intact. If
broken then 68 may not get tested, yearly high and should be important
09 Apr 2013 01:39 pm
A bounce back to 67 that shows rejection would set up at least a scalp on the
short side. Otherwise, if no bounce, 64.50 key is next
09 Apr 2013 01:46 pm
high and just under the 68 previous high, should see buyers back off some up in
this area. Its been a good rally, the key S is 65.50 still
09 Apr 2013 01:58 pm
The ES missed the 1568.00 High for the year by 1 tick and pulled back to 66.25
so far. This is about as far as pullback should go
09 Apr 2013 01:59 pm
if going to attempt getting back to test the high and not starting toppy action
09 Apr 2013 02:08 pm
66 held button of follow-thru on bounce, stopping at 67.25 and getting a little
toppy. Appears must stay over 66 or potential reversal if not
09 Apr 2013 02:12 pm
it has been strong up day but backing away from prior high. A bit top heavy,
still, appears no damage done unless break/hold under 66.
09 Apr 2013 02:17 pm
I think it is a short on another pop-up if there is one, market has gone a long
way and lost momentum
09 Apr 2013 02:20 pm
64-63.50 area could get a test if a decent pullback, should hold there or the
61.50 trend transition possible
09 Apr 2013 02:30 pm
65.50 just 2-point pullback and back up again.As long as dips are just ~2 points
this can grind higher. Anything more could change dynamics
09 Apr 2013 02:44 pm
68 area should be support now if this is going to stay strong and try to get the
S&P cash to 1576 area. Another 2.50 points
09 Apr 2013 02:47 pm
68 held so far and shouldn't go much further or could continue and take out 67.
If that happens, it would be two points and key
09 Apr 2013 03:03 pm
As long as 67.75 continues to hold this has potential to test 71.50-72.50. Doubt
that can happen today, it has been strong/trend up but not
09 Apr 2013 03:03 pm
If 68 broken and held under
09 Apr 2013 03:09 pm
Too much of a pullback, 67.50-68 good resistance on a bounce and should be hard
to break/hold
09 Apr 2013 03:12 pm
The way the market acted for the 15 it was up there, should be decent sellers
around the high. Two good days in a row. Should be a high made
09 Apr 2013 03:14 pm
Either today or tomorrow. If this rallies and to tomorrow with good internals,
internal gauges finally get to extremes they 1st in months
09 Apr 2013 03:16 pm
Needs to close above 65.50 to stay in bullish position on my charts.
09 Apr 2013 03:20 pm
67.50-68 area tested and sold. That is key and a day
09 Apr 2013 03:28 pm
Bounce to 67.75 was sold into. Again, significant area and a sad day and 64 area
then 62.50-62 support below
09 Apr 2013 03:32 pm
Could be a small bounce attempt but unless 67.50 area cleared/held late day the
market still a bit vulnerable. Have a great day!
09 Apr 2013 03:33 pm
I have to be away in the morning for Dr. appointment, will hopefully be home
around noon. Will update ASAP.
Monday-April 8, 2013
(time stamps are EST)
08 Apr 2013 09:22 am
51 area key early, good resistance around 51-52 if that's reached this morning.
A pullback should come before bounce attempt
08 Apr 2013 09:34 am
1548.50 area sold and is key resistance this morning, if post above then 50.50.
45 area next support
08 Apr 2013 09:44 am
First try at 48.50 sold into, 47 needs to give quick bounce back if going higher
08 Apr 2013 09:45 am
45 and then 43.50
08 Apr 2013 09:47 am
45.25 was reached so far, 47 area bounce resistance should not be taken out
08 Apr 2013 09:50 am
46.50-47 area should be sold if there is going to be another push for lower to
break 45 and go for 44.25 fixed support
08 Apr 2013 09:59 am
44.25 support/target was reached and a bounce. Pullback and rally from 44.50
needed if a chance to go a bit higher.
08 Apr 2013 10:02 am
Bounces going to fail or have hard time holding, 46.50-47 strong resistance to
break/hold above
08 Apr 2013 10:07 am
44 support is keeping ES from going to 42 area. Another pullback should hold
that area, 46.50 resistance, needs cleared to get squeezed higher
08 Apr 2013 10:10 am
There was a little double top at 48.75-48.50 resistance, double bottom just
under 44.25 support. 45.75 pivotal here
08 Apr 2013 10:14 am
If there is another pop-up it will be sold into. If this breaks 45 and doesn't
get turned right back up a new low possible
08 Apr 2013 10:20 am
Wedge pattern broken, a bounce should be sold around 45 area if reached. 42 area
key just below
08 Apr 2013 10:25 am
44.75 sold on the bounce, it's possible for one more pop up to 45-45.50, but
bearish unless cleared/held still
08 Apr 2013 10:30 am
Tiny double bottom at 43, a bounce could go to 46 if this is going range bound
08 Apr 2013 10:38 am
The bounce made it to 46, has two stay over 45 at worst, or will retest
44-43.50.
08 Apr 2013 10:41 am
Needs to push above 46.50-47 and hold soon, or drop-just started must hold 45 or
down to 44 area or lower
08 Apr 2013 10:42 am
If a bounce from 45 it will need to have gusto and pushed through 46.50-47 and
be able to stay up there. Should not be able to or strong
08 Apr 2013 10:48 am
45 a key support now that it has been defended. 48.50 tests and then some
pullback, 46.50 support
08 Apr 2013 10:50 am
Should hold on a pullback to the 47-46.50 area if going to stay in a good strong
up trend. If broken back into trading range
08 Apr 2013 10:53 am
47 held on the dip and that is trended support, 45 is pivotal in this range if
no push over 48.50.
08 Apr 2013 11:01 am
Pullback from 48.25 so far holding 47-46.50, but staying under 48 area. Could it
get hit if 45 not held. IF 48.50 exceeded 50.50
08 Apr 2013 11:06 am
Buyers backing away at 48. On ES and around 2765 on the NQ. Key areas, if 45
broken may not see that area for a while, 43.50 area possible
08 Apr 2013 11:13 am
45 was able to hold, and 46.50 able to hold also, market stays in uptrend
towards 50.50 as long as 46.50 not broken
08 Apr 2013 11:19 am
Well, 48-48.50 area along with 2765-2766 area on NQ are turning into strong
resistance, 46-45.50 bought on dip. That is needed broken sound
08 Apr 2013 11:29 am
5 or 6 tests of 48 area, but a good bid on a pullback in holding 46 mostly. A
break above 48.50, that holds, needed. Break of 46 could start fast drop
08 Apr 2013 11:36 am
Everything moving sideways currently, a very long stall at a resistance. Need a
break/hold over 48-48.50 to avoid potential drop
08 Apr 2013 11:42 am
If 48-48.50 broken/held, then 50.50-51.25 would be next. 46.50 area needs held
to have chance. Next update in about 15 minutes.
08 Apr 2013 12:01 pm
One hour of trading between 48.25 on top and 45.50 on the bottom, last pullback
low at 45.75 bid back up. Can pop up again but fail under 48
08 Apr 2013 12:17 pm
A hold under 46 would put pressure on, and could give a 42 area
08 Apr 2013 12:25 pm
The bottom of the range broken by 2 ticks so far to 45.00, which was pivotal on
the way up. Could bounce but staying under 46.50 bearish
08 Apr 2013 12:30 pm
Bounced stopped at 46.25 so far, but as long as it turns right back up from
45.50 there could be another move back up
08 Apr 2013 12:39 pm
Pullback held at 45.75 and turned up and reached 47.50 so far, stays in an
uptrend unless 47 broken right now
08 Apr 2013 12:47 pm
47 has been holding if that is broken then another top could be in place but
holding keeps door open to poke over 48 area
08 Apr 2013 01:02 pm
Still has decent buying on dips, but still stuck under 48 area. To keep upside
knowing 47 area needs to hold and give quick bounce
08 Apr 2013 01:14 pm
46.50 was held on the pullback, 48 touched on a pop up. If 48 area broken above,
then 50.50-51.25 possibly fast on squeeze
08 Apr 2013 01:25 pm
48.50 sold again. 46.50 area key support. Buyers backing away, but forced in on
move over 48.50
08 Apr 2013 01:39 pm
Token higher high was sold, 47.50 area needs to give a quick pop back up, or the
thin upside action can reverse.
08 Apr 2013 01:44 pm
47.75 pullback low and more buying coming in, 50.50-51.25 could still be seen
especially a hold over 48.50 on a dip
08 Apr 2013 01:54 pm
50.50-51.25 zone was reached,still just a small pullback.A hold over 50 needed
to make another decent push higher.Could be topping otherwise
08 Apr 2013 02:00 pm
There is some resistance around 52, stronger at 54 but 52 should be tough to get
through. A pullback should be 2-3 points, maybe more depending
08 Apr 2013 02:01 pm
Depending on momentum. 50.50
08 Apr 2013 02:13 pm
54-54.50 should offer some resistance, but stays trend up as long as 51.50 is
broken
08 Apr 2013 02:17 pm
52.50-52 should hold if going to get to 54-54.50. Strong trend up unless 52
broken, and then 50.50 would be key.
08 Apr 2013 02:24 pm
A reversal bar from 1 tick under resistance, It has been trend up but can start
drop if 52 broken
08 Apr 2013 02:28 pm
If 52 is broken, then 51.25 would be just below and also key area. Back towards
48.50-48 if not able to hold
08 Apr 2013 02:36 pm
52 able to hold so far, but struggling to hold as good resistance at 54. A move
into the 54-54.50 area possible as long as 52 is held.
08 Apr 2013 02:38 pm
If that 52 area is broken, and not turned right back up, then a high could be in
and 54-54.50 may not be tested
08 Apr 2013 02:46 pm
The move is stalling out a bit, but as long as 52.50-52 not broken through, up
trend still intact
08 Apr 2013 02:52 pm
Probably not going to see piling in and drive this strongly over 54. Should be
pulled back before such a move could be sustainable
08 Apr 2013 02:58 pm
The NQ is having trouble up here, the ES will have a hard time taking out
54-54.50 if it doesn't get turned up pretty soon
08 Apr 2013 02:59 pm
Could drag the market lower along with the Dow possibly rolling over. Keep an
eye on both. A break/hold under 52 not good
08 Apr 2013 03:11 pm
So for pullback held just above 52, if broken end of day could be unexpected
drop in instead of somewhat typical run up
08 Apr 2013 03:17 pm
54-54.50 still a good resistance, it has been a strong day but has to punch
through 54-54.52 and that way. 52.50-52 key support must hold
08 Apr 2013 03:28 pm
The market has had good buying all afternoon, there could be selling around 50
for-54.50 area but no damage to trend unless/until 52 broken
08 Apr 2013 03:30 pm
Have a good rest of your day, I will catch you tomorrow shortly after stocks
open
Wednesday-April 3, 2013
(time stamps are EST)
03 Apr 2013 09:24 am
I'm in no rush to be a buyer up here. On a decent pullback if things set up.
Should be sellers into strength as soon as upside stalls.
03 Apr 2013 09:27 am
a couple of economic releases at 10 AM. I'm going to update less at what should
be tradable area Today.
03 Apr 2013 09:32 am
64 needs to hold for a bounce that follows should be sold into. That is key
support this morning
03 Apr 2013 09:35 am
66 minor resistance needs broken/held, that should be hard to get over and hold.
If it's broken through than 68 area possible
03 Apr 2013 09:42 am
It turned out from 66 wrote 64 support, 62.50-62 needs to get a bounce or market
in trouble. 64.50 bounce resistance area
03 Apr 2013 09:47 am
the NQ acting different than ES, that needs to get above 2818 and hold to help
the ES. Otherwise 58.50 area coming
03 Apr 2013 09:50 am
Short covering pop-up should not get above 62.50, if it does then 64-64.50 good
resistance
03 Apr 2013 10:03 am
58 area reached, 60 minor resistance Pressure stays on unless they break/hold
above 62.
03 Apr 2013 10:07 am
could bounce from 56-55.50 area but acting poorly so far and should have a hard
time holding on a bounce. 60 area resistance
03 Apr 2013 10:16 am
Trying to base out at 57 and could get back to 60 and possibly test 61.50-62.50
area resistance
03 Apr 2013 10:18 am
If 57 is broken then 55.50 area is next and then possibly done to the 52 area
before a turn back up
03 Apr 2013 10:25 am
Finally able to get above 58.50, now needs to stay above 58 on pullback or could
break down. 61.50 area still resistance
03 Apr 2013 10:36 am
Holding 57 so far but bounces haven't had much gusto, unless 59.50 area Taken
out they can still go lower
03 Apr 2013 10:53 am
Trading between 57 and 59.50 for quite a while, could get a move to 61.50 on
breakout but pulled back when
03 Apr 2013 10:57 am
55.50 area should be in the cards now that bottom of the range poked through.
Bounces a short under 59.50 area
03 Apr 2013 11:03 am
55.50 reached and a tiny bounce but still can go lower court's 52 as long as it
stays under 57.50-58 bounce resistance
03 Apr 2013 11:17 am
52.50 missed by a few ticks, but needs to get above 55.50 and then hold around
50 if going to try to bounce, more trouble otherwise
03 Apr 2013 11:20 am
Need to get above 55.50 and then hold 55 on a pullback to get a bounce, but
probably not going to stick.
03 Apr 2013 11:30 am
55.75 sold three times, shouldn't go much higher before another pullback.
03 Apr 2013 11:38 am
55.75 would need to be pushed above and not come right back down for anything to
get going on the upside. Still a short under
03 Apr 2013 11:47 am
Double bottom was pretty decent buying, could try for 57-58 if no trouble at
55.75 again
03 Apr 2013 12:00 pm
55.50 needs to hold now to get to 57 which missed by 2 ticks so far
03 Apr 2013 12:07 pm
Getting another bounce not likely but if so it should not be able to hold, just
look for shorting opportunities on bounces. Top in place it appears
03 Apr 2013 12:16 pm
Some short covering from 54.50, these bounces not going to stick, 57 should be
maximum if a decent bounce
03 Apr 2013 12:25 pm
A lower low that the 52.50-52 area should be in the cards to break the double
bottom, trend down day
03 Apr 2013 12:34 pm
52.75 gave the bounce. If 52.50 doesn't hold, can go for the 48 area. 54.50 area
resistance now. Also keep an eye on NQ, has led and weaker
03 Apr 2013 12:43 pm
54.50 was sold and a retest of the 52.50 area needs to turn back up with gusto
and take out 54.50-55 and be able to hold.Shouldn't. Trend day
03 Apr 2013 12:50 pm
Pressure stays on as long as a bounce is just 2-3 points on ES. Could be seeing
48 or lower if no decent bounce. 15 minute break
03 Apr 2013 01:18 pm
Diaz had a 2.25 point bounce off of the low and back down again. Probably short
covering, but came right back this time. 54.50 needs cleared
03 Apr 2013 01:25 pm
Can interrupt trend day if 54.50 is exceeded and then holds 53.50 area on a dip.
Stay trend down otherwise. NQ could be different, 2898 R
03 Apr 2013 01:41 pm
The 48 of 48 level was reached, that is fairly important area. Could bounce, but
now 50-51 strong resistance on bounce
03 Apr 2013 01:52 pm
Retest of 47.50 will need to turn right back up, a move above 50.25-51 area
needed to take some pressure off
03 Apr 2013 02:03 pm
Still haven't had a bounce more than 2.50-3.25 points on the ES. That would be
1549.75 currently. Unless broken/held it stays trend down
03 Apr 2013 02:10 pm
A very quick snap back off of the low. If this cannot push lower soon we get
some short covering, starting as I write. 47.50 support
03 Apr 2013 02:16 pm
Best bounce all day by 1 tick so far, has Too stay over 48 area or could test
the low area before bounce attempt
03 Apr 2013 02:18 pm
Don't expect this to go to far, 51.50 area should be strong and hard to
break/hold. 53.50-54 area possible if 51.50 reached and not rejected
03 Apr 2013 02:27 pm
48 held so far, but still bearish under 50 for now, retest the low must hold
03 Apr 2013 02:35 pm
48 broken by 1 tick, 47.50 key and must hold to avoid new low. If 50 broken,
51.50 area, then pull back likely
03 Apr 2013 02:46 pm
50-49.50 should hold if there is going to be another push to the upside
03 Apr 2013 02:51 pm
A quick bounce after pulling back to test 50, the key resistance for this move
should be around 53.25-54 area
03 Apr 2013 02:56 pm
If this doesn't push through 52 and 50.50 is broken then the trend can turn back
down again
03 Apr 2013 03:00 pm
Need to be away for about 10 minutes. I'll be surprised if there is a strong end
of day rally. 50.50 needs to hold
03 Apr 2013 03:13 pm
This will stay in a downtrend unless 50.50 is broken above, but a bounce back to
52-53 should be sold
03 Apr 2013 03:27 pm
A bounce will need to get back above 49.50-50 area and not turn right back down
to get some sort of bounce back towards 52 or lower.
03 Apr 2013 03:29 pm
Hope you had a good day. I must be away tomorrow, so read tonight's update. I
will catch you here on Friday morning. Take care
Tuesday-April 2, 2013
(time stamps are EST)
02 Apr 2013 09:31 am
A pullback should hold 58 area to stay in good uptrend
02 Apr 2013 09:39 am
62.50 key support but a push above 65 not likely
02 Apr 2013 09:45 am
62.50 held twice if broken a high could be in
02 Apr 2013 09:51 am
The first move above 65 should be sold into buttons long as 64 area held the
buyer still in charge
02 Apr 2013 09:53 am
65.50 sold and can be a top if no good bounce from 64 area
02 Apr 2013 09:56 am
64 trying to hold, if high not in likely going to be sold on a retest. Factory
orders at 10 AM
02 Apr 2013 10:00 am
62.50 held and the token higher high sold and then 64 held on dip and that is
key level
02 Apr 2013 10:03 am
Buyers should back off at the new highs, but only A reversal if 64.50-64 broken.
02 Apr 2013 10:12 am
One more pop up is a short, 67 should be a high for a while
02 Apr 2013 10:16 am
The new high are being sold and making easy scalp trades at worst, 65.50 needs
cleared to get another pop-up or 64 or lower
02 Apr 2013 10:18 am
If another pop-up from 64 should be sold possibly hard if turned down at 65.50
02 Apr 2013 10:29 am
This move 64 held pretty well, but pop up to 66.25 unable to stick, 65 needs
held or test 64, if broken then back to 62.50 area.
02 Apr 2013 10:35 am
Back down to 64 area, another bounce should fail under 66 if we are topping out
up here,
02 Apr 2013 10:43 am
The pop up reached 66, but needs to stay over 65 two attempt one more push
higher
02 Apr 2013 10:48 am
68 is possible if a push over 67 is not immediately sold, 65.50 needs held or
breaking down
02 Apr 2013 10:55 am
Stalling out just under 68 resistance, It would take a break of 66 to turn this
back down for a bit
02 Apr 2013 11:09 am
68 was sold and 66.50 tested on pullback, a break under 66 would put some
pressure on but 68 area good resistance
02 Apr 2013 11:15 am
66 held but the pop-up stopped at 67.25 and buyers backing off, better odds on a
short with 68 being rejected
02 Apr 2013 11:29 am
66 held and 68-68.50 tested/sold. high will be in place if 66 area not held.
1576.09 on the SPX next resistance if 68 exceeded, not easy
02 Apr 2013 11:40 am
Even if they bounce from 66 it's not going to be able to stick, 64.25 would be
next if 66 broken/held
02 Apr 2013 11:51 am
Should have a high end place with a double top at 1568 resistance. Another
bounce will be sold. The NQ easier short at the moment
02 Apr 2013 11:58 am
66 was broken by just 1 tick so far, a bounce from here not likely going to make
new high and hold. 68 still the key resistance, 67 minor
02 Apr 2013 12:11 pm
67 minor resistance sold in a very slow market, needs a break/hold under 66 to
roll over a bit from up here
02 Apr 2013 12:11 pm
Just a heads up: I will be gone from 12:45 PM until around 1:30 PM this
afternoon. I will update as soon as I return.
02 Apr 2013 12:32 pm
If 56.75 continues to hold there is a chance to poke back to/above 67.50-68.50
but not likely to stay up there.
02 Apr 2013 12:36 pm
Would just look for shorting opportunity on pop-ups as not likely going to stay
up there if there is another one, 65.75 area key below
02 Apr 2013 12:41 pm
Market has found a tiny range to frustrate traders in, should break to the
downside. I will be back in about 45 minutes
02 Apr 2013 01:38 pm
They dropped down to 65 getting bid back up, but should fail to clear 67.50 and
hold so look for shorting opportunity
02 Apr 2013 01:51 pm
67 was reached on the bounce and sold, pullback needs to hold 65 which is
turning to key support up here.
02 Apr 2013 02:02 pm
Another pop up sold but still holding 66 if that is broken and not turned right
back up then pressure finally on, could pop up otherwise
02 Apr 2013 02:31 pm
Finally breaking down and now 65-65.50 is a good resistance
02 Apr 2013 02:33 pm
The 62-61.50 area should be important on further weakness, and if no sign of a
bounce from there then 58.50 area possible
02 Apr 2013 02:35 pm
Keep an eye on the NQ as it has led the way down. 65-65.50 on the ES and 2815-16
on the NQ on the NQ bounce resistance
02 Apr 2013 02:41 pm
Look for a bounce attempt from 62.50-61.50 area. 58.50 if that doesn't happen.
Another bounce to 65-66 should be sold
02 Apr 2013 02:48 pm
The ES reached 62.25 and turned up but this bounce should stick 65 strong
resistance
02 Apr 2013 02:58 pm
Only two feeble bounces from 62.50 area 58.50-58 area would be next if a
break/hold under 62. If a pop to 65-66 should be sold
02 Apr 2013 03:06 pm
62.75-62.25 zone tested 5 times and most hold or 58.50-58. A bounce should have
trouble breaking/holding 65.50 area
02 Apr 2013 03:22 pm
In danger of further breakdown unless 64 area taken out on a bounce to relieve
some selling pressure for a bit
02 Apr 2013 03:32 pm
Bounce from 62-61.50 zone but going to 58 area if this stays under 63 on another
bounce attempt
02 Apr 2013 03:39 pm
Still need a push above 64 that sticks, then 55.25-56 area could be seen. a move
under 62 not quickly reversed should mean 58 area
02 Apr 2013 03:41 pm
Buyers are backing away and suggest doing the same until trends turn up or a
bounce from 58. A short on bounces otherwise
02 Apr 2013 03:42 pm
There should be good selling into a bounce as soon as upside stalls out for a
minute or two
Monday-April 1, 2013
(time stamps are EST)
01 Apr 2013 09:27 am
Support and resistance were in play last night, 59-58 should hold at about the
lowest to keep being strong. 64 meets broken/held on top
01 Apr 2013 09:37 am
Unless 62.50-62 broken trend stays up but can have trouble around 64
01 Apr 2013 09:45 am
Pullback off of 64.50 just a small one, new highs sold, has to stay above 63.
ISM top of the hour
01 Apr 2013 09:49 am
This is a potential early high if cannot hold above 63.50-63 on a dip or get
above 64.50 and hold above that level on second break
01 Apr 2013 09:54 am
Couldn't hold 64.50 but not aggressively sold in pullback holding 63 so far, ISM
should shake this up
01 Apr 2013 09:58 am
Early high should be in place, if not a higher high will be sold most likely.
59-58 next support is a break of low
01 Apr 2013 09:59 am
Both the ES and NQ were unable to hold initial resistance and a short under that
01 Apr 2013 10:02 am
Plunged to the 58 support and 55 next. A bounce to 61.50 area would be sold into
01 Apr 2013 10:08 am
Unable to hold under 58 on the downside so far also, opposite of at the top.
61.50-62 bounce resistance
01 Apr 2013 10:18 am
61.25 bounce high so far, can go back to 58 or lower if 61.50 not exceeded and
able to hold up there.
01 Apr 2013 10:24 am
As long as 59.50 is held there could be another push up towards 62 but should
have some trouble staying there
01 Apr 2013 10:33 am
A short under 60.50-61, should go back to the 58-57 area or lower
01 Apr 2013 10:37 am
Staying under 59.50 should keep pressure on for new lows towards 56-55
01 Apr 2013 10:43 am
55.50 reached so far, A bounce from 56-55 area should stay under 58.50 to keep a
good downtrend intact.
01 Apr 2013 10:49 am
Down to the 54.25-53.75 area minor, the 51.25-50.50 major area today
01 Apr 2013 10:56 am
54.25 just missed and could pop up from here a bit, minor/trend resistance at
55.50 then 57 area
01 Apr 2013 11:04 am
Unless the ES can break and hold back over 55-55.50, it stays trend down to
51.25-50.50 next.
01 Apr 2013 11:16 am
55.50 touched twice. Look for resistance at 57 if this does get through 55.50,
and then hold 55 on a dip. Must get through or lower low
01 Apr 2013 11:26 am
Should make a lower low following the Dow cash, but a double bottom possible. No
gusto on bounces so far and 55.50 key
01 Apr 2013 11:29 am
Okay, and outside day with higher high and lower low than last Friday. This
happened last week, and had good rally back. Its possible, 55.50
01 Apr 2013 11:31 am
Needs to be cleared and then held on a small dip. 57 area minor resistance and
58.50 stronger area for pullback/selloff if 55.50 pushed above
01 Apr 2013 11:41 am
Needs to have a good bounce from 55 and take out 56.50-57. If not good bounce
but just wimpy, should be sold into. 55 must hold still weak
01 Apr 2013 11:48 am
Two-sided action, 54.50 is as far as pullback should go. If there is one more
pop up that takes out 56.50 the 58-58.50 area could be next
01 Apr 2013 12:00 pm
We had a reversal from just about resistance 15 minutes in, a drop to 57.50
support area, bounce attempt failed at 61.25 just under 62.50 R
01 Apr 2013 12:02 pm
then down to double bottom at 53.25. Bounce back so far just missed 57. That
could be a bounce high for a breakdown. If not and 57 cleared
01 Apr 2013 12:03 pm
it will be sold into. 58-58.50 would be key on bounce/retracement of downtrend.
Right now 55.50-56 resistance
01 Apr 2013 12:05 pm
Likely to be a "sell the bouncers, cover on dip" kind of day or potential trend
day with a low and the last 30 minutes
01 Apr 2013 12:15 pm
The NQ is weaker off of it bounce high that needs it back above 2800 and ES over
56.50-57 or going back towards 54.50
01 Apr 2013 12:22 pm
Taking a 15-20 minute break. Sell bounces down to the low or possibly
51.50-50.50 at the NQ gets hammered further
01 Apr 2013 12:34 pm
Just some short covering after retests, bounces not going to stick, still a
short unless 56 cleared/held down to 51.50-52.50
01 Apr 2013 12:39 pm
53.75-53.25 tested 4 times. If broken they can slide to 51.50-50.50. The NQ
still weak under 2796, ES 55.50-56
01 Apr 2013 12:52 pm
If there's going to be a decent bounce back this afternoon it has already
started, 55 should hold to not just a feeble bounce and drop down
01 Apr 2013 01:03 pm
56-55.50 must hold or back into choppy downtrend from a potential double top.
Otherwise could get to 58-58.50
01 Apr 2013 01:16 pm
Running out of steam and must stay above 56 area to keep uptrend from breaking
here. Currently at 60 EMA resistance, 57.50 10 AM low also
01 Apr 2013 01:26 pm
46.50 should hold to keep uptrend knowing and get to 58-58.50, could go higher
towards 60-61
01 Apr 2013 01:27 pm
Broke out as soon as I hit send, 58.50 reached, no damage done as long as
57.50-57 not broken. If 58.50 exceeded 60.50
01 Apr 2013 01:34 pm
A direct hit on 58.50 giving a pullback, to keep strong uptrend going there
needs to be a good bounce from 57 at the lowest appears
01 Apr 2013 01:39 pm
57.50 was bought and has to stay over that area to continue uptrend, 57.25
should be pivotal.
01 Apr 2013 01:42 pm
This needs to make its move higher over 58.50 in the next 5 minutes if going
higher and not back to 57
01 Apr 2013 01:45 pm
57.50 area now resistance, a break under 56.50 needs to turn right back or could
go back to 54 area again
01 Apr 2013 02:00 pm
The bounce back to the bounce back to 57.50 sold back to 56.25 so far, ES needs
to get back above that area to have a chance for 60.50
01 Apr 2013 02:15 pm
56.75-56.25 holding on the pullbacks, getting sold at 57.50-58 area, unless
things have changed the buyer should win out. But 58.50 still key
01 Apr 2013 02:20 pm
Not acting normal holding under 58, the 55 area next and the low if not held
01 Apr 2013 02:33 pm
55 reached and now 58 area resistance on a bounce
01 Apr 2013 02:34 pm
That should have said the 56 area resistance, 56.50-57 should not be
exceeded/held on a bounce
01 Apr 2013 02:44 pm
little bounce to 55.75 was turned back down, the ES reached 54.50 while the NQ a
new low, turned up. 56.50-57 need cleared to take press off
01 Apr 2013 03:02 pm
A bounce to 56.25 and couldn't get above 56.50-57 resistance and back down to
55. Name move over that resistance to take pressure off
01 Apr 2013 03:11 pm
56.25 sold again, but not dropping to four. They push above 56.50 that is not
turned right back down needed or stays vulnerable lower low
01 Apr 2013 03:11 pm
Would be possible folding under 56 area
01 Apr 2013 03:19 pm
55 minor resistance than 56.25 is the key area late in the day. This can go for
51.50-50.50 easily if they break 54-53.50,
01 Apr 2013 03:27 pm
54.50-55 Resistance, should have a low and place if those are cleared. Have a
nice rest of your day
Thursday-March 28, 2013
(time stamps are EST)
28 Mar 2013 09:24 am
Don't expect a bounce to stick over 58-59 area this morning if reached. If 55
broken/held trends can change and test 51-50 area
28 Mar 2013 09:26 am
A bounce can set up from that area if it's reached and stalls out. Should be a
slow dull day but we will see
28 Mar 2013 09:29 am
bounced off of 55 pre open and has to stay over that too have a chance to reach
the 58-59 area
28 Mar 2013 09:35 am
Could go to 60.50 if a breakout then turned back down from that area, right now
needs to stay above 57.50
28 Mar 2013 09:37 am
A break back down through 58-57.50 would need a quick bounce to avoid failure up
here
28 Mar 2013 09:40 am
shouldn't take out 58.50 and go for 55 area
28 Mar 2013 09:45 am
If 56 not rejected there would be a chance to get to 57.50 area
28 Mar 2013 09:51 am
not yet a hold under 55, buyers there. Need a pullback from 57.50 58 area if
going to break that
28 Mar 2013 09:58 am
Drop from just over 59 resistance stalled after barely poking under 55, trend up
move since. 57.50 area needs to hold. New high sold
28 Mar 2013 10:07 am
57.50 broken but no acceleration, a hold of 57 and move over 58.50 needed to get
more upside and not reverse
28 Mar 2013 10:16 am
The first push above 58.50 came right back down, spent very little time above
that level and failed on the first bounce, must be cleared/held
28 Mar 2013 10:22 am
Unable to get back above 58 so far, but also strong bounce from 56, holding that
keeps upside in gear to test high
28 Mar 2013 10:25 am
If just a small pullback from resistance holds 57.50 area, still a chance for
another push higher before selling comes in
28 Mar 2013 10:27 am
55 support held early and then to lows at 56.50, there will be selling come in
maybe at a token higher high, 56.50 key support under 57.75
28 Mar 2013 10:32 am
58 is a potential transition area, if broken then back into the 58-56.50 range
28 Mar 2013 10:34 am
Token higher high was sold and now 58.50-58 needs to hold or bounces will be
sold into
28 Mar 2013 10:35 am
As could be breaking down and take out 56.50 after another pop-up possibly
28 Mar 2013 10:41 am
Pullback held 58.50, retest of high at 59.50 was sold but no damage done unless
58.50-50 broken. A high likely in if 58.50 broken, sellers under 60
28 Mar 2013 10:47 am
Just missed 60.50 Resistance and backed off and 58.50 must hold or a high end
place for now
28 Mar 2013 10:55 am
So far pullback held at 58.75, with trend up action again today. A bit different
at new highs, buyers should back off and selling come in a bit higher
28 Mar 2013 10:57 am
Dynamic support is holding on the way up to be bought, unless a reversal or sign
of a top. 60 area support now
28 Mar 2013 11:02 am
Can pull back to 60.50 area but not much lower, could be a high in place for a
bit if 60.58 area broken
28 Mar 2013 11:14 am
Pullback barely broke 60.50, needs to hold above that to avoid test of 59-58
area again. A retest of 62 area should be sold
28 Mar 2013 11:18 am
If unable to clear/hold 62 on this bounce by either stalling out or being
rejected again can set up a pullback. But still bullish above 60.25 right now
28 Mar 2013 11:22 am
The NQ is lagging on this move up barely poking through the Globex high and
turning down from 2810.50 Resistance, it needs to stay over 2805
28 Mar 2013 11:36 am
This is the type of action scene around highs, the token higher high kits sold
into on every attempt, then 1.50-2.00 dip must hold
28 Mar 2013 11:37 am
To get another pop-up, needs to stay above 60.25 at the lowest. The NQ has been
going sideways, the Dow uptrend near breaking
28 Mar 2013 11:44 am
The Dow looks to have topped out or will be sold if there is one more pop
higher. Could go for 58.50 area if no bounce from 60.50
28 Mar 2013 11:48 am
So far on the other 2.25 point pullback to 60.50, key area. 58.50 area if
broken. A test of 62-63 should be sold into.
28 Mar 2013 11:58 am
Pop up to 62 quickly sold into, 61.25 uptrend support, 60.50 could go if not
hold. Just careful on short side for now, 60.50 key still
28 Mar 2013 12:03 pm
From here it will be shorting the bounces, buyers backing off and especially
62-63 area, if that's as far as it goes, 58.50 easy target than
28 Mar 2013 12:04 pm
Next update in about 15 minutes
28 Mar 2013 12:23 pm
58.75 reached so far, could bounce but now resistance at 60.50 area should be
sold into, 2805.50 on NQ
28 Mar 2013 12:27 pm
58.50 is an important area, prior high and then transition this morning, along
with 60 EMA on 5-minute chart.
28 Mar 2013 12:28 pm
56.50 area could be tested if that 58.50 area not defended. 60.50 area
Resistance
28 Mar 2013 12:33 pm
A bounce from 58.25, and should get back to 60-60.50 area before pulling back.
28 Mar 2013 12:44 pm
59.75 bounce highs so far, if 59 holds they can get to 60.58 area. If that isn't
sold into, then retest of high possible
28 Mar 2013 12:50 pm
59.50 area is pullback support, needs held at worst if going to test 62-63. Need
to be away about 10-15 minutes, be right back
28 Mar 2013 01:07 pm
The stall at 60.50 should keep some pressure on, if that is cleared there could
be a squeeze towards 62-63, but first needs over 60.50
28 Mar 2013 01:26 pm
Looking on bigger intraday timeframe, the 58 resistance area popped over for
just a few seconds on the open, dropped to 55 support area
28 Mar 2013 01:26 pm
then after reversing up, stalled at 58 area, then broke/held making transition
to upside then 62-63 sold back down to 58.25. So as long
28 Mar 2013 01:26 pm
As that 58.50-58 zone breaks, no damage done. Just expect decent bounce to be
sold into near high or a bit higher
28 Mar 2013 01:31 pm
That should say "unless 58.50-58 zone breaks, no damage done." Currently 61.50
is resistance on this bounce, up to 63 area if broken
28 Mar 2013 02:00 pm
It's probably going to stay slow and thinly traded and try to keep the S&P 500
cash above 1565.15 all-time high close this afternoon
28 Mar 2013 02:10 pm
Stalling here must hold 60.50-60.25 to avoid breakdown and get another attempt
to push higher towards 63
28 Mar 2013 02:30 pm
Almost reached 62, staying over 61-60.50 area needed to keep solid uptrend
intact
28 Mar 2013 02:49 pm
The ES spent little time trading above 62 this morning, was quickly rejected.
This move more likely to stick
28 Mar 2013 02:51 pm
As long as 61.50-61 is held on a pullback that will stay in a strong position,
things may change if that is broken
28 Mar 2013 03:00 pm
Potential for a double top, but 61 would need to be broken to dent the upside
momentum. If a new high, then 64 area
28 Mar 2013 03:08 pm
Double top at 3 o'clock and eight quick 2 point drop, 61.50 should be resistance
if going to make one more push lower
28 Mar 2013 03:19 pm
Only a pause at 61.50 as some market back near the high again. They push above
62.50 that is not turned down quickly needed to squeeze up to 64
28 Mar 2013 03:20 pm
A break under 61.25 that then holds on a bounce attempt would mean some late
pressure, but downside should stick
28 Mar 2013 03:23 pm
end of the week month and quarter, careful trying to fade this, one more day and
at long last internal gauges could give sell signals
28 Mar 2013 03:24 pm
A break under 61.50 that doesn't turn right back up would be needed to try
turning this lower.
28 Mar 2013 03:26 pm
Have a great holiday and a long weekend, I will be looking forward to Monday's
trading, catch you on Monday morning
Wednesday-March 27, 2013
(time stamps are EST)
27 Mar 2013 09:22 am
If the ES opens under 50.25, and then can't get back above 51.25-52.25, the
potential for an island reversal pattern. Shooting Star pattern
27 Mar 2013 09:29 am
I will be away today from around 12:15 PM until 1:15 PM, just a heads up I will
send a reminder. Also, less updates today.
27 Mar 2013 09:39 am
Bows from 45.50 area and should be resistance at 48.50-49
27 Mar 2013 09:44 am
A pullback from 49 will need to hold above 48-47.50
27 Mar 2013 09:50 am
Fullback bounced from 48 but no power so must get above 49 and hold to avoid
retest the below
27 Mar 2013 09:57 am
This can go to 50-50.50 or a bit higher as long as 48 is held. 48.50-48 should
be good support, or else deeper pullback
27 Mar 2013 09:59 am
Pending home sales in one minute
27 Mar 2013 10:00 am
The market will stay under pressure unless a break and hold above 50
27 Mar 2013 10:07 am
49.75 sold, A saw tooth pattern higher and pull back needs to hold 47.50 area or
breaking down
27 Mar 2013 10:16 am
The stall out just under 50 sold, 45.50 would need to be turned up fast if
reached, otherwise they could continue down to 42.50 area
27 Mar 2013 10:18 am
pressure stays on unless 48-48.50 is taken out instead of being sold into
27 Mar 2013 10:22 am
Still have cleared 50 but has a chance as long as 48 holds, that is pivotal
27 Mar 2013 10:28 am
Can pull back to 49.50-49 at the worst to keep up trend
27 Mar 2013 10:33 am
49.75 held so far, 51.50-52.25 was a breakdown area on Globex and should be some
"last trapped" at that area.
27 Mar 2013 10:44 am
Pullback should hold around 51, look for sellers at 53.50 for a dip but trend in
momentum up unless 50 area broken
27 Mar 2013 10:51 am
53 sold, good resistance up there 51.50 area needs held or uptrend breaking
27 Mar 2013 10:54 am
NQ almost back to 2800, it has been touching that or going just a bit above but
really having trouble there.
27 Mar 2013 11:01 am
51.25 pullback low so far, must hold, this should have a hard time around the
54.25-55 area if 53 broken
27 Mar 2013 11:05 am
There is good selling around 22 1/2
27 Mar 2013 11:08 am
The move lost its momentum and could go down to the 50.25-49.75 area or lower
before bouncing
27 Mar 2013 11:18 am
We had a gap down open, and as I've stated before they oftentimes are trended
days. This can be the case as long as 50.75-50 holds on dip
27 Mar 2013 11:19 am
Minor support 53-52.50 area. 54.25-55 should be tough to push through/hold on
first attempt
27 Mar 2013 11:35 am
52.50 was broken by 1 tick and turned back up, that keeps trend up move intact
with 56 area resistance if 54.25 exceeded and small dip hold
27 Mar 2013 11:44 am
Stairstep higher and a pullback should be small, 53-52.50 area, if this is to
continue its trend up action to 56 area.
27 Mar 2013 11:47 am
Look for a pullback of 1.50-2.25 points to be bought. That is about as far as a
pullback should go to continue trend up action
27 Mar 2013 11:55 am
If they pop up from here it will be a shorting opportunity, especially the NQ
under 2800 which has been a spot where a swing trade can begin
27 Mar 2013 12:02 pm
A trend up move into noon Eastern time usually gives a bit bigger counter trend
move than what's been normal. 2 point pullback so far, must
27 Mar 2013 12:05 pm
Must hold 53.50 area to keep upside symmetry intact. Or a pullback >2 point IF a
higher high and not make a 1-2-3 top
27 Mar 2013 12:07 pm
I need to be away in just a few minutes, and back around 1:15-1:20 PM. This has
topped for now and 52.50 key area
27 Mar 2013 12:16 pm
Symmetry is still not broken, but important for the ES to get above 55 and the
NQ to get over 2800 and hold. Market vulnerable under those
27 Mar 2013 12:18 pm
If 53.50 holds and 55 is taken out, they run up to 58-59 is possible. Back in
about an hour
27 Mar 2013 01:09 pm
Double top/1-2-3 type of top in place at 55.50-55.25 and staying under
54.50-area on bounce should keep pressure on for 52 and maybe 50.50 pivotal area
27 Mar 2013 01:36 pm
53 should hold if this is going to get back to the 55 area which is still an
important resistance. 52 double bottom must hold
27 Mar 2013 01:44 pm
ES held at 53.50 and reached 55, 54 level needs to hold to keep up side from
potential reversal again. 56.50 would be next
27 Mar 2013 01:54 pm
I need to be away from 2 PM until 2:30 PM this afternoon. Busy day with weekly
radio appointment and home appointment in 10 min
27 Mar 2013 01:54 pm
Apologies, I will update as soon as I get back. Look for another test of
55.50-56.25 for reversal. If 54 not held, high maybe in
27 Mar 2013 02:16 pm
I will be in and out over the next 30-40 minutes instead, so can update if
necessary. This is still trend up but almost to the 58 R
27 Mar 2013 02:17 pm
Need to hold over 55 or the downside could get a bit of momentum
27 Mar 2013 02:31 pm
55 held in a test of 58-59 possible, the stays trend up unless 55 broken for now
27 Mar 2013 02:48 pm
Trend up only was interrupted by a noon time top and pullback of just under 4
pts on the ES. 57.25 highs so far, 58-59 area next.
27 Mar 2013 02:49 pm
55 still key/pivotal area although 58-59 should be hard to break/hold if
reached. Double top at 57 could be it for a while
27 Mar 2013 03:07 pm
Last hour selloff underway unless 56 area cleared/held on a dip, even then will
be tough making higher highs and holding
27 Mar 2013 03:11 pm
That pullback bounced off of 55.25, and that is the key area end of the day. If
broken, but need to bounce right back or dynamics changing
27 Mar 2013 03:30 pm
58-59 area reached. Should stay over 56.50 area if going to breakthrough. But 55
Key support end of the day. Have a great day. See you in the morning
Tuesday-March 26, 2013
(time stamps are EST)
26 Mar 2013 09:23 am
Could be a high at 52.25 but need to take out 50 and hold down there
26 Mar 2013 09:40 am
Needs to clear 53.50-54 resistance, a break of 51.50 should mean early high in
26 Mar 2013 09:46 am
53 area needs to hold or a breakdown could be starting
26 Mar 2013 09:48 am
Another pop up should be sold into, and Econ data top of the hour
26 Mar 2013 09:51 am
Pullback held at 53.50 so the door still open to pop up one more time, but
likely sold into. In any case 53 area pivotal
26 Mar 2013 09:56 am
Easy pullback to 53.25, 55.50 possible. This must stay over 53 form now or
breaking back down again
26 Mar 2013 10:00 am
55.25 rejected, should make a breakdown after the number
26 Mar 2013 10:02 am
53.50-54 area should be sold on a pop up if week in breaking down
26 Mar 2013 10:08 am
Reached 54 and stopped, 52.50 needs a broken/held if this is going to roll over
again. Better bid off of the low than expected
26 Mar 2013 10:13 am
As long as 53-52.50 is held on a pullback no damage done, but should see
pullback when upside stalls
26 Mar 2013 10:14 am
54 needs to hold on this pullback to have a chance of popping to another higher
high around 57
26 Mar 2013 10:17 am
That should be a top and a short on another pop up towards 54.50-55
26 Mar 2013 10:24 am
53 has been pivotal, only broken for a minute on the 10 AM releases. A break
back under that should mean top in, likely is anyhow
26 Mar 2013 10:31 am
Watch 57 for a reversal
26 Mar 2013 10:33 am
The new highs being sold which is bearish, 54.50 needs to hold or we may not get
another decent push higher
26 Mar 2013 10:36 am
Looked to be short something up here for a decent pullback
26 Mar 2013 10:37 am
Especially a test of 57-58 area that stalls out. They break under 53 would need
to turn right back up or some damage done
26 Mar 2013 10:44 am
A bounce from just under 53, should not make a higher high on this move, next
support at 51 and then the 49.25.
26 Mar 2013 10:50 am
52.50-53.25 area resistance on this bounce. 54 at the Max
26 Mar 2013 10:54 am
The 54 maximum level reached in now in an uptrend possibly to test the high is
52.50 holds and 54 is broken
26 Mar 2013 10:56 am
As to bounce off of 52.50 area with enough gusto to take out 54 if going to test
highs and avoid another drop towards 49
26 Mar 2013 11:00 am
Not able to stay above 54 for a very long, so far looks to be good sellers
above, and pretty good buying/short covering not far below
26 Mar 2013 11:13 am
Stuck here unable to break/hold 54 so should try the other side is 52.50 taken
out especially
26 Mar 2013 11:21 am
A bounce should back away from 35.25 area to continue lower
26 Mar 2013 11:29 am
Decent buying at 51.75, it has been choppy and back and forth in a tiny range so
far and consider it under pressure unless 54 exceeded
26 Mar 2013 11:35 am
Just backed off from 53.75, but could be just a dip in a tiny uptrend unless
52.50 broken
26 Mar 2013 11:37 am
Next update in about 10-15 minutes unless something changes
26 Mar 2013 11:52 am
54.25-54.75 zone should be sold into it a pop
26 Mar 2013 12:04 pm
54.25 was sold and a quick drop down to 53.00 was bought. The NQ softening up,
the Dow needs through 14,550 on this push-up or back to 53-52
26 Mar 2013 12:19 pm
Finally cutting through 53 and that could give a little pop-up, but looks like a
short under 55 or a by gone around 51 if reached in stalls/reverses
26 Mar 2013 12:26 pm
If 51 doesn't hold than 50.25 low and then the 49-48 area. 53 should be pivotal
resistance on a bounce
26 Mar 2013 12:34 pm
A bounce from 51.25 (60 EMA on 5-minute chart also) back to the 53 level and if
this is going to go back down, this is the spot
26 Mar 2013 12:42 pm
51 area is a key support, unless 43 is broken/held this remains vulnerable. If
held 55 still key on top
26 Mar 2013 12:45 pm
Watch 52 on a pullback, a break could pick up a bit of steam and then turned
back up. Next update after 10-15 minute break
26 Mar 2013 01:02 pm
Still it is vulnerable unless 53 is exceeded/held. It has only been one tick
above, needs to push through with gusto pretty soon.
26 Mar 2013 01:15 pm
At the moment 53 is holding that could go for 54 area but not stick up there.
53-52.50 area needs to hold to have an bounce and avoid rolling over
26 Mar 2013 01:28 pm
54 area should hold on a dip
26 Mar 2013 01:31 pm
55 level turned the market back 2 previous attempts and needs to stay above 54
and punch back up is going to get a move back towards 57
26 Mar 2013 01:38 pm
The NQ a bit weaker and has lots of trouble with 2800, that area along with 55
on the ES need pushed through soon as going to 57, 54 trend S
26 Mar 2013 01:50 pm
This can make a run for 56.50-57 zone if 55 is broken through. And not instantly
sold back down
26 Mar 2013 02:02 pm
54.75 area needs held above to keep upside going towards 56.50-57. If broken
then rolling over is possible,
26 Mar 2013 02:12 pm
If another pop up stops around 55 and turns back, that could start a pullback.
Otherwise okay unless 54 broken
26 Mar 2013 02:21 pm
Pullback held at 54.50 and should keep grinding higher to 56.50-57 on this leg
up,
26 Mar 2013 02:25 pm
If there is going to be a reversal of this grinding higher movement we have had
since around 12:25 PM, it should come from near 57 55.50 now support
26 Mar 2013 02:30 pm
The NQ rejected 2800 resistance, keep an eye on that for a pullback from that
area, and 56.50-57 likely top if 55 broken
26 Mar 2013 02:46 pm
There could be a bounce but it should not stick as the high should be in or sold
on a retest especially the NQ
26 Mar 2013 02:52 pm
Barely holding 54 support opens the door to go back to test the high or likely a
lower high but 55.50-56 possible
26 Mar 2013 03:09 pm
56.50-57 will need to be pushed through to avoid double top and try for the
58-58.50 area from yesterday
26 Mar 2013 03:13 pm
56.25 sold on first test, but 55.25 should not be broken if strong, and the 54
area key support end of the day. No damage done unless broken
26 Mar 2013 03:14 pm
Just watch 57 for rejection, could start pullback if that occurs, 2800 area: NQ
key resistance there
26 Mar 2013 03:19 pm
Pullback from 56.75 In gear. However trend is up and no dent in the upside
unless 55.50 broken
26 Mar 2013 03:29 pm
The ES held just above 55.50 and reached 57.50, soundly rejected 56 area needs
held for another try or reverse
26 Mar 2013 03:31 pm
It will take a strong market with no fear of selloff to get above 58 on the ES
and 2800 on the NQ. That's possible if 56 area not broken
26 Mar 2013 03:35 pm
If they get through 58.50 look for a squeeze to 60.50 area and then decent
pullback.
26 Mar 2013 03:35 pm
If 56-55.50 happens to break in the last 30 minutes, then could have a high in
place and a pop-up after would fail.
26 Mar 2013 03:36 pm
Have a good rest of the day, I will catch you in the morning
Monday-March 25, 2013
(time stamps are EST)
25 Mar 2013 09:25 am
60.50 was reached and there that is reached again and turned down it could be a
high for today. 52.50-51.75 a key support
25 Mar 2013 09:29 am
The 56.50-57.25 initial resistance needs to be cleared/held up here to have a
chance for 60.50
25 Mar 2013 09:34 am
Big Resistance sold, if 54 not held them down towards 52.50-51.73 before a
bounce comes in
25 Mar 2013 09:41 am
A bounce from 54, that needs held to avoid deeper drop. If 56.50-57.25 pushed
through, then 60.50 possible before turn. 55.50 minor support
25 Mar 2013 09:46 am
56.50-56 should not be broken for this to continue strong and avoid getting
top-heavy up here
25 Mar 2013 09:51 am
Should be sellers between 58-59, 56.58 key/pivotal support area now
25 Mar 2013 09:58 am
58 sold - needs to take out 56.50 area and not turn right back up for this to
reverse
25 Mar 2013 10:01 am
Gap days are oftentimes trend days but doubt that happens at new highs. As long
as 57-56.50 not broken/held 60.50 possible top area
25 Mar 2013 10:12 am
Bounce from 57.25 but losing upside momentum and needs to push through 58.50 and
stick. If not able 57-56.50 must hold to avoid drop
25 Mar 2013 10:13 am
It's a short against 58.50, that should not be broken/held
25 Mar 2013 10:17 am
57 holding at the moment but unless bounce takes out 58.50 and does not turn
right back down, toppy action with lower to go
25 Mar 2013 10:25 am
56.50-57 resistance on a bounce now should be sold
25 Mar 2013 10:28 am
52.50-51.75 will need to get a bounce or it goes for 50 or lower
25 Mar 2013 10:35 am
Bounces should fail, 55-55.50 minor resistance and then around the 57 level
should be strong resistance if 55.50 exceeded
25 Mar 2013 10:38 am
Still could go for 52.50-51.75 or lower if unable to clear 55
25 Mar 2013 10:42 am
51.75 reached so far, needs more than just a feeble 1.50-2.00 point bounce or we
could end up with a trend down a day from 10 AM high
25 Mar 2013 10:45 am
53.50 resistance now, minor support around 50 then down to 48, then 46 major
area today
25 Mar 2013 10:54 am
So far just a feeble bounce with resistance at 52, 53.25 at the highest
25 Mar 2013 10:55 am
Just a 1.75 point bounce so far keep steady downtrend
25 Mar 2013 10:58 am
Small double bottom attempt, but 48.50 low on Globex will be next if this stays
under 51
25 Mar 2013 11:03 am
46 key area has been reached and could go to 42 if no bounce from here. 49.50-50
if more than just 1.75 point bounce
25 Mar 2013 11:17 am
A bounce stopped at 50, retest of key zone or lower if not broken. If that is
cleared than 52-52.50 should be sold into
25 Mar 2013 11:21 am
If 43-42.50 broke and not turned right back up market and some bigger trouble,
46.50-47 resistance
25 Mar 2013 11:32 am
Bounce from 43.75 support up to 46.50 was sold, needs to clear that area to take
some pressure off. Must hold 43 to avoid outside day on ES
25 Mar 2013 11:37 am
Should be a low 43-42.50 support area for a while if 45.50 can hold. 50 area key
on a stronger bounce. Next update in about 10 minutes
25 Mar 2013 11:49 am
Good selling around 48 on the last pop up. Has to stay above 46.50 or back down
to test low. 50 still important above in case a push higher
25 Mar 2013 11:55 am
If another pop-up it will be sold into especially around 49 area again, 46.50
still must hold
25 Mar 2013 12:05 pm
Little pop-up reverse that 48.50 and if that's not cleared this is vulnerable
and could breakdown fast again
25 Mar 2013 12:08 pm
46.50 is the key area just below, A break of that can start downside. Back in
about 15 minutes.
25 Mar 2013 12:33 pm
stayed under 48.50 and 46.50 was broken and down to the low. That 46.50 now
resistance, these lows may break if not cleared
25 Mar 2013 12:40 pm
Should be a short covering pop on testing the low but not happening at least so
far, needs to turn up soon and take out 46-46.50
25 Mar 2013 12:47 pm
A very tepid bid back up so far, should fail and test/break below
25 Mar 2013 12:52 pm
If failed to clear 46 There will be a chance for a token lower low at 43 and
that must hold or 38 area
25 Mar 2013 12:56 pm
43 reached but as long as hold under 45.50-46 area, the gap Day is a trend day
on the downside into last hour
25 Mar 2013 01:08 pm
Every little pop of about two points is being sold and should see 38. It starts
to get dicey if that is broken
25 Mar 2013 01:13 pm
Finally a decent upturn with a quick bid off of 39, needs to take out 42
25 Mar 2013 01:18 pm
The ES obeyed the dynamic resistance all of the way down, and the support zones
at 46 area, 43 area and just
25 Mar 2013 01:20 pm
Just now the 38.50 level and a bounce needs to break/hold above 41.25-42 area
showing some strength for a switch needed for better bounce
25 Mar 2013 01:26 pm
Bounce with some gusto at last, but may not stick on first bounce. 41 now a key
support on a pullback. 43.50-44.25 resistance and likely sold if one more small
push stalls
25 Mar 2013 01:33 pm
44 dynamic resistance sold, this pullback needs to stay above 42 to have a
chance to move a bit higher. If broken 41 key
25 Mar 2013 01:36 pm
For those of you just got e-book, At 44 there is the 20 EMA and also symmetry
equal to last bounce at same level. Tick extreme. Good scalp
25 Mar 2013 01:46 pm
Market trying to make transition at 41.50, need to push above 44.25 on this move
and then have just a small pullback
25 Mar 2013 01:49 pm
They move up to the 46-46.50
25 Mar 2013 01:51 pm
Not fast enough, 43.50 should hold on a pullback from up here. Should stay over
that at the lowest look for sellers 48 area
25 Mar 2013 02:00 pm
The ES popped up to 49.50 which just above a late morning high at 49 need to
hold above 46.54 can come down a bit further towards 45
25 Mar 2013 02:02 pm
A break under 47 would need to turn right back up or 45.75 gets tested
25 Mar 2013 02:15 pm
45.75-45.25 needs to hold on this move lower or could see 43 again
25 Mar 2013 02:23 pm
Pullback held at 46 and turned back up but needs to get back above 49.50-50 and
not reverse or 46 gets tested again maybe lower
25 Mar 2013 02:30 pm
Good bounce but strong resistance at 49-49.50 that needs to be taken out to get
something going on the upside
25 Mar 2013 02:36 pm
Should be breaking down if no bounced back above at least 57 to take some
pressure off. 44-43.75 was a pivotal area from morning/early afternoon, must
hold
25 Mar 2013 02:49 pm
A bounce from just above 44 not able to stick, double top at 49.50-49.25 knees
broken on a bounce to get anything going on outside,otherwise
25 Mar 2013 02:51 pm
Bounces being sold as soon as the pop-up loses momentum and that should
continue. Last hour rally not impossible, but market tone negative
25 Mar 2013 03:09 pm
Under 45-45.50 keeps pressure on down to 41.50 next
25 Mar 2013 03:14 pm
43.50 is transition level and they will need to break/hold under that to
pressure down, if 45 not exceeded that could happen
25 Mar 2013 03:18 pm
Watch 45.50 for a turn back down, shouldn't be exceeded if this is still weak
that should be sold
25 Mar 2013 03:19 pm
Possible to make a new low around 3:30 PM
25 Mar 2013 03:24 pm
We just sell bounces the rest of the day as long as bounces stay feeble and fail
to clear 44-45 area. Look for short covering off of 40 or new low
25 Mar 2013 03:27 pm
Needs to get back above 44 at the least and not turn right back down to dent
down side momentum. Have a great afternoon, "see" you tomorrow
25 Mar 2013 03:41 pm
A move above 45-45.50 that holds needed to end with a spurt to the upside, and
avoid dropped back towards 42-41
Friday-March 15, 2013
(time stamps are EST)
15 Mar 2013 09:25 am
I will be very surprised if there is another good up day today. If there is an
internals are strong and numerous sell signals likely
15 Mar 2013 09:29 am
They couldn't wait to sell, a bounce will have a hard time holding
15 Mar 2013 09:35 am
So far held 51.50-51 but can be broken to this holds under 54-54.50
15 Mar 2013 09:37 am
54-54.50 on the ES and around 2802 on the NQ key resistance on bounce, must be
cleared to avoid another drop
15 Mar 2013 09:45 am
54 Resistance was sold down to 52 again, they break 51.50-51 would put pressure
on and a top would be in.
15 Mar 2013 09:51 am
We get Michigan sentiment in about five minutes,
15 Mar 2013 09:55 am
Unable to get through 54.50 still a negative and a break of 53 would need to
snap right back in break/hold that on release or quick drop
15 Mar 2013 09:57 am
51 broken, could get a pop-up but sold into around 52.50
15 Mar 2013 10:03 am
51 support was cut through and the 58.25-47.50 was almost reached. Market not
acting well,
15 Mar 2013 10:05 am
51 is resistance, the 48.25- 47.50 major zone broken and held under, then the
market would be in more trouble
15 Mar 2013 10:13 am
A little double bottom made just above a strong support, so if the "sell early
than rally" pattern to continue first must break 51/hold
15 Mar 2013 10:15 am
If 51 not broken, a third trip down to 48.50 will probably pushed through
15 Mar 2013 10:19 am
Trying to hold, 52-52.50 area would be good resistance if 51 is cleared.
15 Mar 2013 10:24 am
Not a strong bounce yet, stopped at 52.25, needs to hold 51 to push higher
15 Mar 2013 10:28 am
So far barely pushed above 52.50, they hold over 51.50 needed to keep up trend
and avoid another decent pullback/drop
15 Mar 2013 10:40 am
Stairstep higher again, this will be sold a bit higher up but no reversal unless
52 broken
15 Mar 2013 10:45 am
Good selling came in around 54 this morning, resistance up there. This could be
a bounce high area if 52.50-52 area broken
15 Mar 2013 10:57 am
So far 52 held but another pop-up should be sold into the especially the NQ if
the current action continues. 53.50-54.50 resistance
15 Mar 2013 11:07 am
Bounce off of 52 back to 53.75, should be some pullback from 54.50, but still
uptrend unless 53-52 broken,
15 Mar 2013 11:15 am
We had a double bottom of sorts after the low made 30 minutes in, and now a
potential double top on the bounce, a short under 54, 52 key S
15 Mar 2013 11:18 am
At the moment would wait for a pullback to the 52 area to see if market still
strong
15 Mar 2013 11:21 am
54 cleared by 1 tick so far but Another pullback from this area should hold
around 53.25 at the lowest to keep upside going
15 Mar 2013 11:23 am
53.75 area should hold on a dip to continue granting higher
15 Mar 2013 11:34 am
This has been stair stepping higher and now needs to stay above 54.50-54, or
else topping out
15 Mar 2013 11:41 am
The 55.50-56 is a small resistance before the 57.25 hi from yesterday, 54.50
key, a pullback starts if broken
15 Mar 2013 11:49 am
It has been pretty thin and slowly traded since bouncing off 52.50-52 support
earlier, and token higher high was sold, if 54.50-54 broken
15 Mar 2013 11:52 am
Then the slow trading could pick up pace as selling begins to take over. Drops
are quick, the moves up are the slow grind stairstep patterns
15 Mar 2013 12:01 pm
I will be in and out this afternoon,also need to leave early today.Market has
fear of sellers just above,54.50-54 held but need higher high
15 Mar 2013 12:22 pm
still strong holding 54.75, 54 the stair step higher support. 55.75 minor
resistance, then the 57-58 area and that shouldn't be exceeded
15 Mar 2013 12:25 pm
And hold up there, should be some pullback from there if reached and not
aggressively pushed above, but stalls instead
15 Mar 2013 12:30 pm
55.75 was touched and sold, might be a higher for a bit, 54 area more key
15 Mar 2013 12:42 pm
They held 54 and bounced right back, a move above 55.50 and hold up there needed
to get a squeeze higher or 54 area tested again
15 Mar 2013 12:42 pm
Next update in about 20 minutes
15 Mar 2013 12:51 pm
Push above 55.50 brought in more buying, being sold. This can get to the
57-57.50 area IF 55.50 holds and gives pounce on a dip
15 Mar 2013 12:53 pm
Another bounce should fail now that 55.50 broken. 54.50-54 could be in the cards
and that is key area or topping out
15 Mar 2013 01:04 pm
ES is still holding above 54.50, even so another pop up should be sold into
especially a retests of 55.50
15 Mar 2013 01:16 pm
Small bounce from 54 but not go back to a higher high, 52.75-52 would be next
support if broken
15 Mar 2013 01:23 pm
55 was sold on a small little move-up, that needs pushed above and held sooner
or 54 is going to be broken
15 Mar 2013 01:36 pm
54 is holding and this very thin market. Most are watching basketball, no joke.
That pop stopped at 55, unless that is exceeded/held
15 Mar 2013 01:37 pm
The 54 level likely to be broken. 52.75-52 zone would be next support if they
break under 54. Next update in about 20 minutes
15 Mar 2013 02:14 pm
54 area should be Resistance on a bounce and 52.50 next support to hold before
going to test the low
15 Mar 2013 02:27 pm
Breakdown led to easy move to the 52.50-52 target/support, should be key area to
hold for going to the low following NQ
15 Mar 2013 02:48 pm
Could be a short covering move with 52.50 prior support is pushed above and does
not come right back down. 48.25-47.50 major area next S
15 Mar 2013 03:00 pm
52-52.50 resistance, Could have a low in if the 52.50 area is pushed through and
then 52 can hold on a dip.
15 Mar 2013 03:04 pm
Would not expect a move back to take out 54-54.50, but couldn't get there if 52
can hold. I am just about to call it a day, first quick note
15 Mar 2013 03:05 pm
Next week we are adding a look at my primary charts and mostly audio updates.
You will need to bare with me trying this out, but hopefully
15 Mar 2013 03:05 pm
will provide more clarity and more timely updates. will basically be the same as
now but with charts and audio. Look for an email
15 Mar 2013 03:05 pm
with all of the info this weekend. Have a nice weekend and I will catch you on
Monday.
Thursday-March 14, 2013
(time stamps are EST)
14 Mar 2013 09:27 am
Good morning. An open above 51 so could get a move up if they turn up from
there, but shouldn't go far from here before pullback
14 Mar 2013 09:30 am
As far as resistance numbers go, its a tough chore and only have one last method
to use. Support members should be valid though. Look for 51
14 Mar 2013 09:39 am
If this is going to turn it should begin in the first 15-30 minutes. Possibly
55-56 area. But for now 54.50-54. Support
14 Mar 2013 09:47 am
Good selling and possible high At 55-55.25, tough to get through. No damage done
unless 53.50 broken/held
14 Mar 2013 09:53 am
Buyers more bold than expected, a pullback should be down to 53.50 at the lowest
to avoid potential top, 54.52 continued uptrend
14 Mar 2013 09:59 am
54.50 the key level to avoid breaking trend and potential top. Pop up
14 Mar 2013 10:01 am
55-54.50 needs to hold as this is stalling a bit, if broken and not turn right
back up a high should be in.
14 Mar 2013 10:08 am
The high was made 30 minutes in and 54.50 broken, another bounce should be sold
into, and a countertrend short under 56, to the 53 area
14 Mar 2013 10:09 am
And maybe lower. Should stay under 55 if going to get there or lower
14 Mar 2013 10:14 am
53.50 was reached that is a support area, only breaks down if that is taken out
and then held, 51.50-51 is broken/held. NQ better short
14 Mar 2013 10:15 am
Now a hold under 54.50 needed to keep pressure on to test 51.50-51. NQ
resistance at 2801
14 Mar 2013 10:20 am
Matched the early low and opening range, that is a key support and then probably
under 51 if holds under 53.50
14 Mar 2013 10:28 am
51.75 low just missed 51.50-51, 53.50-54 resistance on this bounce needs cleared
to get another push higher,
14 Mar 2013 10:37 am
53.50-54 area reached, should begin to pull back and break 53 if going back
towards 51
14 Mar 2013 10:42 am
The ES currently stuck between 53.50 and 54.00, unless 53 broken this can still
push higher but needs to go soon
14 Mar 2013 10:44 am
Just took out 54 and 53.50 should hold on a dip, at the lowest, or we will begin
to see bounces sold into on the way down
14 Mar 2013 10:49 am
That should be a bounce high at 54.50 but if not then watch 55.50-56 for turn. A
lot of double tops the past few weeks/months
14 Mar 2013 10:58 am
The ES still hasn't push above 54.50 and if 53.50 broken and no turn right back
up then back towards 51.50-50
14 Mar 2013 11:01 am
A quick turn up from 53.25, so there are still buyers below on dips, but should
be hard to drive it higher and still hold gains
14 Mar 2013 11:02 am
Would need to see ES break/hold 54.50, NQ do same at 2802, and to get out cash
14 Mar 2013 11:03 am
And get Dow cash above 14,520 to get everything going on the up side
14 Mar 2013 11:12 am
For now a short under 54.50 on the ES and 2802 on the NQ
14 Mar 2013 11:13 am
A top and unless those levels along with 14,520 on the Dow cash are broken on a
move up and able to hold up there
14 Mar 2013 11:20 am
To try getting upside going needs to bounce with some gusto from 53.25 or a bit
lower, with gusto through 54.50
14 Mar 2013 11:29 am
Its a standoff between tepid buyers not wanting to buy a high and shorts leery
of getting run over on another runup. vulnerable under 54
14 Mar 2013 11:41 am
Another dip should be bought around 53.75-53.50 if going to try getting through
54.50
14 Mar 2013 11:45 am
That 53.50 area looks to be pivotal and if held they can have a chance to move
back towards the high, if not then could roll over a bit
14 Mar 2013 11:51 am
This could turn into another double top if 54 area doesn't give a bounce and
then pushed through the high. That is as far as a dip should go
14 Mar 2013 11:57 am
54.25 held on the dip and its back up to 55. 54 still the trend support to hold
above to see 56.50, or another double top possible
14 Mar 2013 12:07 pm
54.25 has been holding and if the market is going to keep this melt up going
that level should hold. If broken things change
14 Mar 2013 12:11 pm
Needs to continue and get through 55.75 early high and run-up to 56.50 area to
keep this flying, 55-54.50 then pivotal trend support
14 Mar 2013 12:16 pm
Double top at the moment, some confirmation if 55 broken but 54.50-54 the
key/pivotal support. 56.50 would be next resistance/target
14 Mar 2013 12:17 pm
10-15 minute break, will update if necessary
14 Mar 2013 12:30 pm
55 held on a pullback from double top and must hold or trend can reverse,
another transition level until broken
14 Mar 2013 12:32 pm
Look for a reversal from 56.50 area even if just a small 1.00-1.50 point
pullback. More than that it is a reversal
14 Mar 2013 12:40 pm
The pop-up reached 56.50, and buying should begin to dry up a bit, 55.50-55 area
looks to be key to avoid possible sharper drop
14 Mar 2013 12:42 pm
It has been a mini melt up once again but this move getting long in the tooth
and another pop up should be sold into
14 Mar 2013 12:44 pm
The NQ has yet to break out and just pulled back from a pretty good resistance
area that has seen the past few days watch 2805 there for R
14 Mar 2013 12:48 pm
Pressure is on under 56 for now especially if 55 broken
14 Mar 2013 12:54 pm
Only 1 of 4 methods of finding resistance up here and 56.50-57.00 was
target/resistance rejected. Less than 2 points off the high, lower
14 Mar 2013 12:55 pm
Lower prices and potential breakdown is 54.50 broken and not turn right back up
14 Mar 2013 12:58 pm
Sell a bounce from up here, a test of high or a bit higher would be a gift on
the short side but not getting there, breakdown more likely
14 Mar 2013 01:08 pm
If were going to have a top in for a while and break 1554.50-1554.00 pivotal
support then should stay under 56 on this move
14 Mar 2013 01:19 pm
54.50 area is pivotal, a drop down to 54 would need to turn right back up or
else things are changing up here
14 Mar 2013 01:23 pm
The last time the ES was just over pivotal 54.50 yes and a pop up would be a
gift short and 56 and 2803 on NQ reached. If in look for 52.50
14 Mar 2013 01:25 pm
If the 54 level is cut through. If bounce from here 56-57 good resistance so far
14 Mar 2013 01:34 pm
A wimpy bounce from 54 so far, need a move above 55 and stick to take pressure
off and allow another pop-up or 52.50 in the cards
14 Mar 2013 01:39 pm
If short consider locking in some profit around 54 and 2798 on NQ, could get pop
up from here
14 Mar 2013 01:41 pm
This could bounce but doesn't act like it wants to go up from these levels, NQ
not far from its low and very weak versus ES
14 Mar 2013 01:52 pm
Needs to get over 55 on bounce and stick above that level, a shorting area for a
scalp at least if reached
14 Mar 2013 02:00 pm
I have to be away for about 20 minutes, a short on a bounce attempt has 52.50
still in the cards, maybe even 51 to fill gap
14 Mar 2013 02:17 pm
bounce to 54.50 pivotal level was sold. That is resistance to clear/hold, and
52.50 still support/target below
14 Mar 2013 02:30 pm
buyers came in 2 times at the 60 EMA on 5 minute chart, 53.75 currently. Bounces
not sticking, downside either, 53.75 needs held
14 Mar 2013 02:35 pm
Kind of trap between a resistance and a support, see which way this breaks but
doubts bounce can stick
14 Mar 2013 02:40 pm
53.75 giving bounce but Standing aside until either a run-up stalls out or a
drop reaches lower levels and turns up.
14 Mar 2013 03:05 pm
The bounce reached the 55 level and 54.75 should hold to keep the move up with
going
14 Mar 2013 03:13 pm
Stairstep higher pattern will break if 54.75 not held and could drop another
point or so before bouncing/failing
14 Mar 2013 03:24 pm
15.75 was touched and gave a 1-point bounce to 55.75, the 56 level was only
traded above for about 20 seconds earlier, that needs taken out
14 Mar 2013 03:25 pm
To get a mini melt up into very late or around close. Should be hard to
break/hold
14 Mar 2013 03:25 pm
Have a good rest of your day. Catch you tomorrow morning
14 Mar 2013 03:36 pm
54.75 held once again and 55.75 was touched once again. Nothing bad happens end
a day unless that's taken out. Take care
Wednesday-March 13, 2013
(time stamps are EST)
13 Mar 2013 09:32 am
need to get above 48 and hold to get a rally. Staying under and breaking 45
probably not good
13 Mar 2013 09:40 am
48 sold, key resistance and should be top especially if 45 broken/held
13 Mar 2013 09:42 am
Bounce off of Globex low pre-open, should be pressure on under 45-45.50
13 Mar 2013 09:53 am
44.75 bounce high and then 42.25 held. 41.75 just missed, 3 lows there now so
should be important. 45-45.50 needs cleared/held still
13 Mar 2013 10:02 am
45.50 the bounce high a break under 44 to turn back down possibly fast
13 Mar 2013 10:06 am
So far sold at 48 resistance and also 45-45.50 for shorts, stay with short side
unless 45.50 broken or we reach lower levels
13 Mar 2013 10:14 am
42.75-42.25 double bottom for now but still need a move above 45.50 and stick or
that can break, 4 lows there now
13 Mar 2013 10:26 am
55.75 reached and turned right back down, that might be a bounce high especially
if 44 area not held
13 Mar 2013 10:32 am
45.50 was taken out by 1 tick but did not stay above, a break of 44 could be
quick move lower
13 Mar 2013 10:38 am
44.00 was held in bid back up, unless that is broken this can keep punching
higher towards 47.50-48 area
13 Mar 2013 10:42 am
Upside stalling should pullback, 45.50-45 needs to hold as support on a pullback
from up here, no further
13 Mar 2013 10:51 am
Upside momentum slowing just under 48 at the moment. 45.75-45.25 area needs hold
on a dip if going to avoid another top up here
13 Mar 2013 11:06 am
This is in a stair step up pattern back to 47-48 resistance and running out of
steam, must stay over 46 or starts to unravel.
13 Mar 2013 11:14 am
Punched through 47.25 after holding under for about 20 minutes, 47.25-46.75
shouldn't be broken by much if going to continue through 48
13 Mar 2013 11:22 am
48 sold again but need to break 46.75 and not turn right back up soon and then
46-45.50 next
13 Mar 2013 11:32 am
With 46 holding a bounce could get back to 47.50 but should stay under 48 the
way this is acting.
13 Mar 2013 11:44 am
Pop to 47 was sold twice, need a push under 46 where short covering/buying came
in to avoid heading towards 44,
13 Mar 2013 11:54 am
NOTE: I will be away from around 12:10 PM until around 1:15 PM this afternoon.
It's a sure thing today. Its a tough call up here, for now it
13 Mar 2013 11:56 am
Looks like 45.50 should be pivotal. They break/hold under that can break this
down. It's a short on bounces still
13 Mar 2013 12:05 pm
46.25 area is bounce resistance, that needs to be cleared/held on a small
pullback to attempt change of trend. Then 47.50-48 R
13 Mar 2013 12:09 pm
I will be back in a little over an hour. Not expecting a move to stick over 48
but if that happens then 51 should be tested. 45 pivotal S
13 Mar 2013 12:30 pm
Quick note, if 47.50 hold on pullback keep up trend and reach an attempt
49.50-50 area then pullback a bit
13 Mar 2013 12:37 pm
Last update for a while: 49.50 reached and must stay over 48-47.50 to keep up
trend and not reverse. 51 and then 53 next if this continues
13 Mar 2013 01:08 pm
A pop up to 50.25 was rejected in pullback held 48 so far, if broken then back
into trading range from earlier down to 47 at least
13 Mar 2013 01:19 pm
Bounce from 48 back to 49.50 so far. Need a push over 49.50 or 48 can be
tested/broken
13 Mar 2013 01:29 pm
A pop up from 48.75 should be sold into, 49.50 still needs to be cleared with
gusto, even then should be sold as soon as upside stalls.
13 Mar 2013 01:48 pm
Stalled at 51, 50-49.50 should be pivotal up here, 51 yesterdays high and the
way this is acting 53 possible
13 Mar 2013 02:10 pm
49.50 tool to hold on pullback from 51, is broken then 48.75-48.25 is a key
support this afternoon. Dynamics change is broken
13 Mar 2013 02:19 pm
Still decent buying just over 49.50, but if this cannot get going and get above
50.50-51 over the next 5 minutes long may hit exit
13 Mar 2013 02:23 pm
Something is going to need to happen to get the ES above 50.50-51.00 or this
trading range, 49.75 now resistance and 48 needs held worst
13 Mar 2013 02:26 pm
48 news to hold, unexpected visit for sleep apnea mask back in a bit ASAP
13 Mar 2013 02:44 pm
48.50 should not be broken if this is going to even try to make another bounce
attempt, better short on bounces from up here
13 Mar 2013 02:55 pm
Pullbacks off of the low or 2.75 and 2.25 points, and this pullback 2.50 points
at 48.50. Its Also prior resistance, and 60 EMA
13 Mar 2013 02:56 pm
Must not break that 48 area or things have changed and end of day drop
13 Mar 2013 03:03 pm
48 giving a bounce but should have trouble around 49.50-50 again unless headed
up to 51 or higher somehow
13 Mar 2013 03:09 pm
Broken down in a short under 49.50, 48-48.50 resistance, 45 area next support
13 Mar 2013 03:14 pm
48 was sold on a bounce from 47, 48-48.50 is bounce resistance if the ES is
going to stay in downtrend under 49.50
13 Mar 2013 03:21 pm
Holding under 48 will keep pressure on for more late day pullback. If
cleared/held than a chance to run up to 49.50 area but trouble holding
13 Mar 2013 03:27 pm
Bounce stopped at 48-48.50 so far.If 48.50 is cleared, then 48 would need to
hold on a dip or its just a fake out and going lower
13 Mar 2013 03:28 pm
Have a good rest of your day, I will catch you tomorrow morning shortly after
stocks have opened
13 Mar 2013 03:34 pm
Run up to the 49.50 area, a minor resistance. A pullback to 48.50-48 area should
hold to in the day on a good note and not be fake out
Tuesday-March 12, 2013
(time stamps are EST)
12 Mar 2013 09:28 am
Good morning. I will be in and out today. And be away between 12:15 PM and 1:15
PM. Should be an important day
12 Mar 2013 09:29 am
Look to sell strength as soon as upside stalls out. a hold under 50 should put
pressure down to 47.50. If 50 broken/held that 52-53
12 Mar 2013 09:37 am
Bounce off of initial support, but vulnerable still. Especially broken/held.
Need to take out 49.50-50 and hold on a dip
12 Mar 2013 09:41 am
Needs to stay over 47.50 and run up through 49.50-50 area, and stick, on this
move or things are changing
12 Mar 2013 09:43 am
Support holding and need to respect uptrend until upside stalls or rejected
12 Mar 2013 09:45 am
Just watch 50 four key area, if not cleared/held the market going to get into
trouble instead of test 52-53
12 Mar 2013 09:46 am
Going to be hard to get above 50 and stay up there, another pop up will be sold
into
12 Mar 2013 09:56 am
The NQ having a better bounce off of its low but the ES stopped at 49.25, needs
to stay over 48-47.50 if going to make another push higher
12 Mar 2013 10:05 am
ES is following the Dow as the run up on the NQ has rolled over while the ES
poked over 50. Buyers should be backing
12 Mar 2013 10:10 am
49.50 area should be pivotal, this can get to the 52-53 area as long as that is
not broken the way it looks at the moment.
12 Mar 2013 10:16 am
Running out of steam after touching 51, needs to say over 50-49.50 if there is
going to be another push higher to 52-53
12 Mar 2013 10:17 am
If broken than a high could be in
12 Mar 2013 10:28 am
ES broke 49.50 by 1 tick and reverse up and test 50.75-51 for the fourth time in
1 hour of regular trading hours, 52-53 key just above
12 Mar 2013 10:29 am
NQ made a 1-2-3 top pattern and should not get over 2004-05. It has been easier
to read and trade this morning
12 Mar 2013 10:32 am
In order to begin breaking down, another drop to 49.75-49.25 is needed on this
move
12 Mar 2013 10:39 am
Could be a bounce from 48.50 area, should be sold hard on a bounce that stalls
especially NQ
12 Mar 2013 10:44 am
The ES just 2 points off of the high of the day, a little bounce that stalls out
sets of another push down
12 Mar 2013 10:58 am
49.50 is a transition level and the ES stays bearish under that, a break/hold
above needed to get back to test high, not likely
12 Mar 2013 11:03 am
46.50 support/target on this breakdown, could bounce there but now stays
vulnerable under 48.50-49
12 Mar 2013 11:09 am
44-43 a key area just below, could be bounce attempt but not stick. Short-term
top in place, a bounce should fail. 47.50-48 good resistance
12 Mar 2013 11:18 am
There should be another push lower to a token lower low at least before we get a
snapback bounce. Either way bounce fails
12 Mar 2013 11:26 am
44-43.25 support, 40-39.50 can be reached if 43.25 transition area from
yesterday is not held, 45.75 resistance
12 Mar 2013 11:33 am
Not a bad day yet, but this can continue if the 44.25-45.25 area is not
convincingly broken through. 47-48 IF cleared
12 Mar 2013 11:48 am
The bounce stopped at 45.25 new resistance area and rolled over again. Double
bottom possible but if not then 40 in the cards
12 Mar 2013 12:02 pm
The bounce took out 45.25 and then held at that level on a dip and made it to
47-48 resistance. Has to stay above 45.75-45.25 on pullback,
12 Mar 2013 12:10 pm
Pullback trying to hold new support turned back up. I'm going to be gone for
about an hour. Market hanging in there at the moment
12 Mar 2013 12:10 pm
Push higher only IF 47.50-48 on the ES is exceeded and able to hold, and the NQ
get above 2794 and hold, a chance to rally back towards 50.
12 Mar 2013 12:11 pm
Next update around 1:15 PM or thereabouts
12 Mar 2013 12:42 pm
Appointment cut short today, I will be able to update for a bit but then taking
a 10 minute break. Right now this can break staying under 45.50
12 Mar 2013 12:46 pm
Well I misread that as it went through 45.25 easily but then failed. So should
another bounce, not sticking. Would need to break 48
12 Mar 2013 12:59 pm
A bit of a squeeze coming from 45.25 last tiny pullback. 47-48 important zone to
push above
12 Mar 2013 01:21 pm
This gyrating making a triangle type that pattern, the market should be waking
up soon. 47 resistance, 44 support
12 Mar 2013 01:25 pm
46.25 is pretty close to 47 resistance, holding below that area on ES and
2795.50 on NQ keeps some pressure on for pullback
12 Mar 2013 01:36 pm
A pop up should stay at/under 46 if this is going to roll over again
12 Mar 2013 01:39 pm
The pop up stopped at 46.25 and came back down, headed lower as bounces cannot
stick
12 Mar 2013 01:48 pm
That is bearish, has been holding 45 but go to 43 if broken and not turn right
back up
12 Mar 2013 01:53 pm
The ES has been bumping up against the 60 EMA on 5 minute chart then coming back
down, 4 times so far, a short under
12 Mar 2013 02:04 pm
43 Low tested, and if this goes to the 40-39 area, must reverse from there with
some gusto to avoid mid 1530's
12 Mar 2013 02:05 pm
A move above 44.50 needed to take some pressure off and not though back down
there
12 Mar 2013 02:19 pm
The 41.75 lo matched yesterdays to a session low and getting a bounce,
43.25-43.50 area needs to be cleared/held or 40 possible
12 Mar 2013 02:24 pm
43.50 broken but not held, leaves the door open for test of 40. Should be
pivotal again
12 Mar 2013 02:42 pm
43.50 broken by 1 tick, pullback need to stay over 42.50 or could go for new
low. A pushover 44.50 and not reverse like others to get bounce
12 Mar 2013 02:43 pm
Well that just happened, watch 43 for support on a dip, shouldn't really get
there end up going to take up 44.50
12 Mar 2013 02:45 pm
Market currently bullish up to possibly 45.50 if 60 EMA touched again
12 Mar 2013 02:46 pm
43.75 needs to be support on a pullback to keep up trend
12 Mar 2013 02:53 pm
44 held on a dip and a test of 45.50 just missed so far, that should be
resistance to stay in intraday downtrends
12 Mar 2013 02:58 pm
44-43.75 is a pivotal area end of the Day. 42.58 key area if broken. Should see
those unless 45 broken
12 Mar 2013 03:06 pm
ES turned up from 43.50 and retest up 45, if cleared and get through 45.50 then
could avoid late day trouble.
12 Mar 2013 03:15 pm
This can go for the 47-48 area before pulling back. If a late pullback, it would
need to hold 43.75-43.50 at worst. 45 better
12 Mar 2013 03:25 pm
If there's going to be another pullback it should come from around 48 area, not
much higher than that. 46-45.50 trend support
12 Mar 2013 03:32 pm
47.50 bounce high soul down to 46-45.50 zone easily, that should be important to
stay above to keep from testing 44-43.50
12 Mar 2013 03:35 pm
Just a quick note, next week I will be making a few changes to the way the
service is done. One plus will be adding my main screen
12 Mar 2013 03:37 pm
And some occasional audio updates. More later. Have a good rest of your day,
catch you in the morning.
Monday-March 11, 2013
(time stamps are EST)
11 Mar 2013 09:26 am
Good morning. Overnight the 40.50-40 key area was tested and a bounce back to
initial support area. To keep moving higher and have a chance
11 Mar 2013 09:29 am
To test the Friday high needs to be a move through 44.75 that can hold 44 area
after that. If not then back down to 42 maybe 40
11 Mar 2013 09:30 am
Early strength likely sold into
11 Mar 2013 09:48 am
This bounce from 41.75 needs to take out 43.25-44 prior resistance/hold up there
to turn up, and to try for 47-48
11 Mar 2013 09:55 am
43.50 area should be pivotal on a pullback, needs to bounce or next pop up
should fail. a move over 45 needed to keep strong
11 Mar 2013 09:59 am
ES bounced from 43.50 and needs to get over 40 if strong upside to continue, NQ
will need to get up trouble also
11 Mar 2013 10:03 am
On able to get up 45, 43.50 still is pivotal, 2791.50 on the NQ. Pullback
doesn't hold then begins to turn back down again
11 Mar 2013 10:08 am
43.25 reached pressure on if broken/held. It is a short against the 45 area,
market stays vulnerable unless 45 cleared and held
11 Mar 2013 10:17 am
44.50 sold on bounce, 45 still R. break/hold of 43 needed to put pressure on,
early high in place if that occurs
11 Mar 2013 10:24 am
NQ just tested its low and popped up a bit, ES trying to hold 43. If these lows
break DES can go back to 40, just 3 point range
11 Mar 2013 10:28 am
Saying under 43.50 should keep pressure on for now, the NQ downtrend resistance
2792 area
11 Mar 2013 10:45 am
43.50 broken above and held on the way to 44.50, 4 times that 44.50-44.75 tested
and turned away. 43.50 area needs held
11 Mar 2013 10:49 am
5 tests of 44.50, a push above should go to 45-45.50 then pullback again
11 Mar 2013 10:51 am
Very slow and thin action, and while ES bounced the NQ went sideways, blue chips
leading, NQ better short
11 Mar 2013 10:54 am
The ES vulnerable unless 44.50-45 cleared/held. NQ under 2792-2792.50
11 Mar 2013 10:57 am
This will be a short on bounce as long as 45 area cleared on the ES and 2792 on
the NQ. 43 could give bounce but not stick
11 Mar 2013 11:07 am
As long as 43.50-43.00 holds and 44.50-45 not rejected again, opens door for
test of 47-48 big resistance, but not likely stick.
11 Mar 2013 11:21 am
They are struggling and need to bounce from 45-44.50 to keep on pushing higher
and not top out
11 Mar 2013 11:23 am
Would need to get over 45 and hold, bearish pattern and another bounce a gets
sold into, if a lower high then break again could be sharp
11 Mar 2013 11:34 am
A lower high so far at 45.50, will need to break 44.50 and not turn right back
up again. Otherwise a chance of 47-48 still. ES following Dow
11 Mar 2013 11:37 am
Upside is out of steam staying under 46, if not pushed above in the next 5
minutes or so then chances growing for break down
11 Mar 2013 11:52 am
Pushed through 46 up to 46.50 so far, but holding 45.75-45.50 area keeps this
grinding higher, 47-48 should be pushed into if that S holds
11 Mar 2013 12:07 pm
45.75 was held above and we have the push into 47-48, and this can continue
unless 46.50 broken and that turned right back up
11 Mar 2013 12:12 pm
48 sold but this still trend up, 47-46.50 area is pullback support, that holds
or reversal possible 45
11 Mar 2013 12:15 pm
A pop up to 48.50-49 that gets turned down would set up a scalp on the short
side, but only back towards 47.50-47, key on pullback
11 Mar 2013 12:23 pm
47, 46.50 at worst, needs to hold to keep upside going and avoid reversal. This
begins to break down if 47 broken/held.
11 Mar 2013 12:25 pm
47.50-47.75 would be resistance if they break under 47 by much, and top up here
for a bit. 15-20 minute lunch break
11 Mar 2013 12:47 pm
Quick note, 46.50 able to hold, this pop up should be sold into however, watch
47.75-48.25. Consider 46.50 as key uptrend support,
11 Mar 2013 01:00 pm
Token higher high should be sold in pullback will need to stay above 47.50
11 Mar 2013 01:03 pm
Higher high not sold aggressively, 48-47.50 good support on pullback, or things
could change for a bit
11 Mar 2013 01:14 pm
48.25 held on a dip in 49.50 reached so far. The grind higher continues as long
as 48.50 holds. Much more than that things change up here
11 Mar 2013 01:18 pm
Expect the next pop-up to be sold into, grind higher can be disrupted if 48.50,
especially 48, not held
11 Mar 2013 01:27 pm
Still in a good uptrend since taking out 44.75 multiple highs before noon. But
the way it is going, a break under 48.50-48 changes dynamics
11 Mar 2013 01:30 pm
Trend and momentum to the upside not to be fought. Would need to see change of
trend. 52-53 next resistance not far off, though 50 should
11 Mar 2013 01:30 pm
Be a psychological barrier to toy with for a bit before getting there
11 Mar 2013 01:40 pm
Just a mess 50 on pop-up, it will take a pullback of more than just a gentle
1.50 point dip. If pullback goes further things would change
11 Mar 2013 01:44 pm
First test of 50 market doesn't like, 48.50 key on pullback. A bounce that
follows likely will be sold into. A push above 50 needed to get
11 Mar 2013 01:45 pm
Squeeze up to the 52-53 area, may not see that today have 48.50 broken and no
rebound from there
11 Mar 2013 01:51 pm
The VIX is at a new multiyear low down almost 7%. A lower low and reversal up on
that tomorrow would give numerous sell signals, we will see
11 Mar 2013 02:01 pm
48.50 is holding but A push above 49 that can hold needed to make another move
higher though
11 Mar 2013 02:16 pm
In very slow and then trading 58.50 able to hold and test the 50 was sold. If
49.25 not broken by much 52-53 not impossible. 50 important tho
11 Mar 2013 02:22 pm
I think that 50 level is going to be hard to get through/hold this afternoon.
48.50-48 is key support on pullback, must hold
11 Mar 2013 02:27 pm
If they do get over 50, and stay up there, this could still go for 52-53. A
pullback that is gentle like others probably buying opportunity
11 Mar 2013 02:28 pm
Unless it is coming down from reaching 52-53 area. 50 is the key area to get
above on top, 48.50 bottom of a range
11 Mar 2013 02:31 pm
Another pop up should be sold even if it does come from 48.50, NQ especially
11 Mar 2013 02:41 pm
49.25 reached on bounce. 48 is transition area from around noon/pullbacks held
48.50-48. 46.50 IF broken/not turn right back up
11 Mar 2013 02:50 pm
If the 50-49.50 area is not broken by much there will still be a chance for
another push higher to the 52-53 area and sold there
11 Mar 2013 03:05 pm
If there is going to be one more run would need to get back above 50 and not
turn right back down. It has been trend up, late day pullback
11 Mar 2013 03:09 pm
Possible if this stays under 50 and 49 broken, or especially 48 key area, is
broken and the market cannot get turned back up
11 Mar 2013 03:10 pm
If they do pop up again, would need to get momentum because 52-53 resistance
really stretches price on the upside
11 Mar 2013 03:23 pm
So far 48.50-48 is able to hold, and no late day pullback unless broken.
However, a move to a token higher high should be sold
11 Mar 2013 03:24 pm
Have a good rest of your day. I will catch you tomorrow shortly after the open.
There may be some changes this week also. Take care
Friday-March 08, 2013
(time stamps are EST)
08 Mar 2013 09:30 am
Another double top breakout to the upside, which is getting parabolic and scary.
The key today is going back under 41-40, key support
08 Mar 2013 09:35 am
Top is therefore now they bounce will be sold if there is one
08 Mar 2013 09:39 am
Should stay under 45 to keep pressure on to test 43
08 Mar 2013 09:42 am
43 reached 44.50-45 area is bounced resistance, 41.75 a small support before the
40 area
08 Mar 2013 09:47 am
The S&P 500 cash reached 1551.65, testing the secondary high late October 2007.
Is perfect spot for a top.
08 Mar 2013 09:50 am
The "pop and flop" on the employment numbers bearish also. A bounce from 40
should stay under 42-43
08 Mar 2013 09:56 am
42 sold, a good second entry on a short, if 40 broken 38.50 key area. 44.50
should 42 the taken out on strong bounce but don't count on that
08 Mar 2013 10:00 am
Best chance for buyers to run this up by making token lower low and turning up.
But no gusto, 41 needs cleared/held to take a little pressure off
08 Mar 2013 10:06 am
38.50 giving bounce but needs to take out 41/hold
08 Mar 2013 10:07 am
If they push under 37.50 and don't snap right back up, then could turn ugly
break 35.75 low from yesterday
08 Mar 2013 10:13 am
Holding under 40.50 keeps keeps go to Hannah type up my best host pressure on
08 Mar 2013 10:15 am
I don't know what happened with that post. Anyway the breakout area was 1540 and
unless able to get back above 40/hold market stays bearish
08 Mar 2013 10:28 am
Small double bottom at 37.00-37.25 gave a pop up to just under 40-40.50, needs
pushed over/held
08 Mar 2013 10:32 am
39.50 will be key area to bounce from or small uptrend broken and back to 37 or
lower
08 Mar 2013 10:35 am
The remainder of today I will point out the important areas and not send a note
every time new micro dynamic s/r changes. 39.50 key
08 Mar 2013 10:41 am
This move should fail around 43 or a bit lower for a small pullback at least
08 Mar 2013 10:44 am
NOTE: I will be away for about an hour this afternoon from around 12:15 PM until
1:15 PM. Will update ASAP when I return. Must hold 40 now
08 Mar 2013 11:01 am
Buyers backing off and selling into pop-ups, covering/buying 39.50 area. This
gyrating around 40 pivotal, 41.50 needs cleared 39.50 must hold
08 Mar 2013 11:09 am
Buying came in at 39.50 again and pop up to 41.50 so far, no damage unless 39.50
broken for now, though should have 43 R if 41.50 held
08 Mar 2013 11:18 am
43 just missed in slow action, 41.50 area needs to hold or can go back down
towards 39.50 again
08 Mar 2013 11:23 am
If 43 not cleared then the market vulnerable for decent pullback, 41 a
transition level and bounce will be sold if broken
08 Mar 2013 11:33 am
Pokes up to 42.75 or sold 3x, that is key area to get through if the market is
going to continue its move higher. 41 key if a break lower
08 Mar 2013 11:46 am
This has had difficulty at 43 for about 30 minutes and should make a move pretty
soon, 41.50 needs held or can break channel line
08 Mar 2013 11:57 am
a slow grind higher Poke over 43 but not stick, but another push higher possible
if 42.50-42.25 area not broken, under 41.50 is breakdown
08 Mar 2013 12:12 pm
A tepid, slow, and very thin bounce off of double bottom at 39.50 new support,
the type of move to brake hard
08 Mar 2013 12:14 pm
41.50 minor support, 42.75-43.25 ideal area to sell but may not get their
08 Mar 2013 12:22 pm
42.75 was missed by 1 tick, could bounce from 41 but should not go past 43 area
and be able to hold up there, if 41 broken 39.50 again
08 Mar 2013 12:26 pm
I don't have that 1 hour away this afternoon, but will be taking a 15-20 minute
break. Just know a bounce should not take out 44, a short under
08 Mar 2013 12:29 pm
A drop down to 39.50 would need to be turned right back up again. That area
around 40.50-39.50 is a very key area especially on close
08 Mar 2013 12:37 pm
I really think we have major top that coincided with 1552 on the S&P 500 cash
this morning, if todays low is broken they drop another 10 pts
08 Mar 2013 12:40 pm
wedge pattern was broken, rebound missed break level by 1 tick and press lower
since to key support 40-39.50, must hold or 37
08 Mar 2013 12:44 pm
41.50 should be decent resistance, or could go back up to 42.50-43 and then turn
back down. 41.50 was just sold a retest key
08 Mar 2013 01:04 pm
If there is going to be another push lower it should come from 42.50 or lower.
If thats cleared instead then a move towards 43.50 possible
08 Mar 2013 01:25 pm
42 now support that needs to hold and and 43.50 needs pushed through. If that
happens and holds 45 possible. Breaking 42 starts more drop
08 Mar 2013 01:38 pm
Pullback held at 42 and turned up and now its best chance to get through 43.50
up to 45 if still in good shape
08 Mar 2013 01:42 pm
No follow through has the pop up was sold into and now 42.58 key support or
bounce high in place
08 Mar 2013 01:47 pm
42.50 held so far so one more chance to push higher, and that will be sold into,
42.50 and especially 42 needs to hold
08 Mar 2013 01:53 pm
The ES had a 9.75 point moved from the open until 45 minutes into trading. Since
then inside a range that is inside of the earlier range, 44
08 Mar 2013 01:55 pm
Must be cleared/held to avoid double top at the high end of this current range,
could point to move to 45.50 IF a move through 44, w/ gusto
08 Mar 2013 02:02 pm
The ES is going to avoid bearish chart pattern unless there is a drop to take
out 40-39.50 area.Early afternoon low and breakout area. If 44
08 Mar 2013 02:05 pm
It is not pushed above pretty soon there can be a late day pullback to that
area. IF that is pushed through/held 45.50 could be seen
08 Mar 2013 02:19 pm
Another feeble bounce should not be able to get above 44 and stay up there, but
a hard time breaking 42 also. Better short than long but
08 Mar 2013 02:20 pm
May wait until late day or Monday to show its hand. But certainly has the
ingredients for an important top
08 Mar 2013 02:30 pm
Bounce right back up from 42.50, holding the 42 key area. As long as buyers keep
coming in on these dips, defend 42, trouble avoided for now
08 Mar 2013 02:41 pm
Up at this area the move into new swing high high territory is sold into, then
pullback shorts cover. a pop above 44.25 should be sold
08 Mar 2013 02:49 pm
The ES made a push over 44.25 by just 1 tick and instantly sold, probably a high
08 Mar 2013 02:57 pm
42.50 should be key support in the last hour, a break/hold of that should mean a
test of 40-39.50. If a bounce, should not hold 44.50
08 Mar 2013 03:03 pm
This may stick better than other failed pop-ups as long as 43.75-43.50 is not
broken through on pullback
08 Mar 2013 03:06 pm
45-45.50 resistance given earlier was sold, 43.75-43.50 area pullback support
that needs held at lowest to keep good uptrend
08 Mar 2013 03:12 pm
Pullback held just over 43.75,another push up to 45-45.50 possible but should
have a hard time staying over that. 47 if I'm wrong about that
08 Mar 2013 03:26 pm
This now needs to hold 45 to make it to 47, if 45 broken the 44-43.75 area key
end of the day to keep the uptrend going. 42.50 if broken
08 Mar 2013 03:27 pm
Have a nice weekend. Will be ready to go on Monday shortly after the open
Thursday-March 07, 2013
(time stamps are EST)
07 Mar 2013 09:20 am
They are having a tough time with 44-44.50, double tops or trouble with a
resistance all the way up, that COULD be another but treating
07 Mar 2013 09:23 am
That as a top, if broken then may need to shift the gears again for a potential
test of 1552 on the cash index
07 Mar 2013 09:26 am
A break back under 41 that doesn't turn right back up is needed to put some
pressure on
07 Mar 2013 09:34 am
Well probably make token higher high at least, 42 needs broken to dent downside
momentum
07 Mar 2013 09:36 am
43.50-43 needs to hold or bounce after that likely sold into
07 Mar 2013 09:37 am
Just a scalp from resistance, 43 days broken it should be decent support
07 Mar 2013 09:39 am
That might be it, if not then they bounce again it should be sold into the unit
if a token higher high
07 Mar 2013 09:42 am
42 needs held still or odds better that a high in place. Breaking and holding 41
key
07 Mar 2013 09:45 am
43-43.50 some resistance that should be sold if going to break down under 41
which could start breakdown
07 Mar 2013 09:52 am
Resistance sold into, you should be shorting as a rejected 44.50 resistance and
43.50 bounce resistance, key area. 40.50 support
07 Mar 2013 09:56 am
Well 41 is the breakdown area and a good bounce from there back to resistance.
Both 43.50 and 41.00 key this morning
07 Mar 2013 10:02 am
43.50 was pushed above but didn't stick so still selling into strength but need
brake/hold of 41 to turn things
07 Mar 2013 10:04 am
Another run-up from here will be sold into, and if cannot get over 43 and hold
then 41 likely to break
07 Mar 2013 10:16 am
A move up to 44-44.50 should be sold into, 42.50 needs to hold it going to have
a chance on this move
07 Mar 2013 10:22 am
43.75 rejected again, needs get over that and not turn right back down or a high
being made
07 Mar 2013 10:27 am
The NQ has come down to test pre- open low while ES held with the Dow cash. NQ
could break down if 2790 broken 1542 on the ES
07 Mar 2013 10:36 am
No breakdown, 42 on the ES and 2791 on the NQ are both breakdown/support areas
that should not be broken. 42.75 pivotal S up here
07 Mar 2013 10:39 am
Stuck in this range unless they break out over 44.50 or under 42.00. Tiny area,
but can get market going staying under 44.50
07 Mar 2013 10:54 am
44-44.50 continues to be sold, now just need a push under 42 and not pop right
back up. It should or could break small wedge/channel
07 Mar 2013 11:02 am
42 was touched and now can bounce but probably not take out the high
07 Mar 2013 11:10 am
A pullback should hold 43.50 at the lowest if this doesn't plow through 44.50
area
07 Mar 2013 11:15 am
44.75 High again and then Pullback to 43.50 new support trying to hold, another
push higher sold into, 42 very important now under 43.50
07 Mar 2013 11:18 am
Next update in about 10-15 minutes.
07 Mar 2013 11:43 am
Still in trading range, 44.50 still being sold. 43 is pivotal in this choppy
uptrend. If broken then another bounce to 44.75 less likely
07 Mar 2013 11:51 am
Tiny range 3.75 point range with 4 failures at 44.50-44.75 so far, but refuses
to break 43 and that would open the door to drop to 41 or lower
07 Mar 2013 11:53 am
Another dip should be bought above 43, just as soon as it turns buyers will jump
in
07 Mar 2013 11:58 am
Reversal bar with good selling obvious above and a short on a retest if there is
another pop-up,
07 Mar 2013 12:19 pm
43 support reached and basing and a pop up can come, just started 44.50 area
resistance for lower low
07 Mar 2013 12:20 pm
That supposed to say for a lower high, should be sold into if reached given
rejection off of 45.50 high
07 Mar 2013 12:33 pm
Still tiny ranges so I hate giving out micro support/resistance to buy or sell
against but 44.75 resistance again and should be sold but
07 Mar 2013 12:33 pm
Uptrend not broken unless 44 tiny support broken and then more important 43
broken
07 Mar 2013 12:43 pm
43 held so far but likely broken after this bounce attempt fails to take out
44.75. A short still on pops
07 Mar 2013 01:03 pm
44.75 sold AGAIN, just one spike above that was rejected (very quick move back
down after touching 45.50). HOWEVER,all pullbacks holding also
07 Mar 2013 01:07 pm
Back down to 43.50-43 area and another possible bounce, that is key support zone
now
07 Mar 2013 01:19 pm
the ES was sold again at 44.75, the NQ having trouble just under 2802, sideways
action can go back to bottom of channel
07 Mar 2013 01:22 pm
Pullback support should be at 43.75, 43 is channel support, market gets hit with
some selling if that isn't held
07 Mar 2013 01:31 pm
The NQ could lead this lower as it has been weaker off of its high and meet
transition breaking 2798.50, ES should break 43 if breakdown
07 Mar 2013 01:34 pm
This 43 area needs to hold and pushed them back up to 44.50 area again or this
can begin to break down
07 Mar 2013 01:37 pm
This has broken down even though a small range so far, a bounce should stop
around 43.50 to continue lower
07 Mar 2013 01:45 pm
More pressure on the ES then the NQ at the moment as it jumped up while ES
staying under 43. They should realign the ES week
07 Mar 2013 01:54 pm
Held at just above 42 for about 10 minutes, Unless the ES gets back above
43.25-43.50 area with gusto still can go lower, that looks pivotal
07 Mar 2013 02:00 pm
If this is going to make a move that should happen at 2 PM, if not then then the
2:20 PM-2:40 PM timeframe. 43.50 pivotal, must be cleared
07 Mar 2013 02:05 pm
Jobs number in the morning but this action not looking good if a break below
42.50-42.25 and not turn right up, 41 a key area on daily chart
07 Mar 2013 02:11 pm
Bounce to 43.50 was sold in 2 o'clock selling started, should not be over, a
bounce should fail at/ under 42.50
07 Mar 2013 02:23 pm
Bounce stopped at 42 so far and shouldn't go much further, if going to drop back
under 41, did not stay under that very long
07 Mar 2013 02:27 pm
If 42 is broken, could try for the 43.50 level which has been pivotal. FYI,
tomorrow we roll over to June contracts, ES M3
07 Mar 2013 02:30 pm
For a scalp look to sell 43.50-44 area if reached and moved stalls, or could buy
a dip to 42 that stalls/turns up but not as good odds
07 Mar 2013 02:31 pm
I will update in about 10-15 minutes. A small range scalpers market, could
change late but doesn't look that way
07 Mar 2013 02:41 pm
The ES missed 43.50-44 zone by 1 tick and pullback to 42.00 gave just a 1.00
point bounce before turning back down. 43 now resistance
07 Mar 2013 02:54 pm
43 new resistance has reached but to break down from here the 41.50 level will
need to be broken and put pressure on
07 Mar 2013 03:05 pm
This is a stair step higher move and needs to stay above 1543 to continue,
especially 41.50 if 43 does not hold. 44.75 next R
07 Mar 2013 03:12 pm
44.75 was sold 4 times before 1:30 PM breakdown and should be hard to
break/hold.45.50 high would be next,47.50-48 IF somehow breakout holds
07 Mar 2013 03:14 pm
Trend up action with no damage done unless 43.75 broken
07 Mar 2013 03:16 pm
If 45.50 is touched and rejected, 45 was just turned away, but if 33.75 broken
07 Mar 2013 03:17 pm
If that is broken and not quickly turned up, trends could roll over end of day
towards 42.50 or lower
07 Mar 2013 03:21 pm
43.75 not broken yet, they move up to 44.50-45.50 and don't stick a short for
late pullback
07 Mar 2013 03:27 pm
If there is another move up from 43 expected to be sold into, would need to
break/hold above 45 area to end on a strong note
07 Mar 2013 03:31 pm
Fifth there is a breakout that sticks above 44.50-45 resistance finally, a
chance of 47.50-48. 43 last hour low so far must hold.
07 Mar 2013 03:33 pm
Have a good afternoon. I will catch you tomorrow near the open
Wednesday-March 06, 2013
(time stamps are EST)
06 Mar 2013 09:24 am
Good morning. I know we have a full day of trading still ahead, but another gap
up open after yesterdays action is amazing. This euphoria
06 Mar 2013 09:28 am
Likely will not end well. I'm going to get a number of sell signals if this
holds up and market internals strongly positive today. I will
06 Mar 2013 09:30 am
Avoid longs unless a decent pullback. First pullback should be relatively small,
about 3 ES points to continue strong from up here
06 Mar 2013 09:31 am
42.75 should be seen as the least on pullback from up here
06 Mar 2013 09:35 am
42.75 gave a bounce but need a move over 43.75-44 and hold up there are going to
lower
06 Mar 2013 09:39 am
Bounce back to 43.50 stalled out and should see 41 area before bounce attempt
that there's going to be one
06 Mar 2013 09:43 am
41 area would be 3 point pullback off of 44 high and last our bounce high
yesterday, must hold there and turn up or still in sell mode
06 Mar 2013 09:46 am
42.50 area is now bounce resistance off of 40.75 current low that must be
broken/held or still vulnerable
06 Mar 2013 09:52 am
3.25 point pullback off of 44.00 early high has been "normal" on the way up,
when that dynamic changes that will be a red flag. 42 S now
06 Mar 2013 09:58 am
43.50 should be pivotal, a break of that level would need to bounce back quickly
or could be topping
06 Mar 2013 10:03 am
42.50 should be pivotal area, a break of that should mean bounced that follows
gets sold into. 44 resistance,
06 Mar 2013 10:09 am
42.50 broken but 3.25 point pullback again, Sell bounces, 44 is a key resistance
to clear/hold and 41 to break/hold to get direction
06 Mar 2013 10:11 am
Trading range until broken. Next update in about 10 minutes or so
06 Mar 2013 10:21 am
Market is a short on a bounce, 43-44 area will need to be cleared and held, not
tagged and have lower. Should not really get there
06 Mar 2013 10:24 am
If a bounce up to 42.50-43 area and then stall out there, it should bring in
selling again
06 Mar 2013 10:33 am
Bounce to 42.50-43 sold into, 38.50 area next, 42 good resistance should not be
broken
06 Mar 2013 10:36 am
I'm not going to give all of the minor areas today as I see I am giving out a
LOT of updates. Right now 41-41.75 bounce resistance
06 Mar 2013 10:49 am
Pullback from 41.25 held at 40.00, bounce just poke over 41.75 to 42.00.
Pullback needs to bounce from 40.50 at lowest to avoid another push lower
towards 38.50
06 Mar 2013 10:57 am
All bounces being sold today, but stay with selling on the pop-ups. Could bounce
from lower levels, currently bearish under 42.50-43
06 Mar 2013 11:06 am
Only a feeble bounce from just above 38.50, if that is taken out then the
1536.50-1535.75 zone would be next
06 Mar 2013 11:13 am
38.50 holding giving the market a rest, 40.50 minor resistance needs a push
above to take some pressure off, but not stick
06 Mar 2013 11:13 am
This would have a chance to be gap day = trend day as long as a bounce is < 3
pts. No burst of buyers on gentle pullbacks today so far
06 Mar 2013 11:20 am
This shouldn't get past 41.50-42 before pulling back, 39.75 area support on a
dip and shouldn't be broken if going to test that zone
06 Mar 2013 11:28 am
A 2.25 point bounce from 1 tick above 38.50 target/support to 41. Need a bounce
from 39.75 if going to avoid 38.50 or lower
06 Mar 2013 11:34 am
Good defense of 39-38.50 area, so far. It should be key support if retested,
need a move above 41 and hold to regain uptrend-not fake out
06 Mar 2013 11:38 am
38.75-39.00 has been holding since around 10:30 AM and especially since around
11 AM. The last buy up from 39 easily sold into, 41.25 could be seen
06 Mar 2013 11:42 am
Before another decent pullback. 40.75-41.25 needs pushed above/held to take
selling pressure off on bounce for a bit
06 Mar 2013 11:49 am
39.25-38.75 has been solid support on the dips, can be tested again if no push
over 41 soon
06 Mar 2013 11:52 am
NOTE: I will be away today from around 12:15 PM until around 1:15 PM and will
update as soon as I return. Be short into some strength, 41R
06 Mar 2013 12:00 pm
If this breaks down then the 37.50-36.50 should be tested, and then 39-39.50
would turn into resistance on a bounce -vulnerable under 40
06 Mar 2013 12:08 pm
Breakdown to 37.75 was sold at 38.75, just under 39 new resistance, 36.50 area
would be next and that is key, especially if closed under
06 Mar 2013 12:09 pm
That should be a target on shorts, beige book this afternoon at 2 PM.
06 Mar 2013 12:47 pm
Quick note, in uptrend off the low with resistance at 41 that needs cleared/held
to get out of trading range. 30 9K key support
06 Mar 2013 01:23 pm
41 was turned away on the last test and dropped to 38, 39 has been a bit of a
transition area and needs held on pullback or 38-37.50 again
06 Mar 2013 01:30 pm
39.50 held and they turn back up, the bounce will be sold into even if 41 taken
out
06 Mar 2013 01:37 pm
Things have really slowed down so need a bounce from 39.50 soon or will be
headed back to 38
06 Mar 2013 01:39 pm
Bounces just started, if a move above 41, would need to stick/accelerate or will
come back down to test 40
06 Mar 2013 01:44 pm
41 has been the highest since 11:20 AM and tested four other times before now,
pullback needs to hold 40.50-40.25 to keep uptrend 42.50
06 Mar 2013 01:48 pm
Pop through 41 sold, and now 40.50 is the support that needs held to not come
back below 40
06 Mar 2013 01:53 pm
To stay in a good uptrend this has to turn up from 40.50, not too much lower,
and do that with gusto or just a bounce high
06 Mar 2013 01:58 pm
40 was reached, a bit further than it should have. We get the beige book at 2
PM. If a pop-up, 42.50 needs exceeded/held or back down
06 Mar 2013 02:02 pm
This is kind of a channel/wedge pattern, a move under 40 needed to break a
bottom, 41 has not been held above very long
06 Mar 2013 02:10 pm
Unable to stay over 41.25 for very long. Thats bearish. They moved back below 40
starts the downside, if broken a bounce that follows will
06 Mar 2013 02:11 pm
Be sold into back around 40.50-41
06 Mar 2013 02:17 pm
Could be a bounce from the 39.50 prior low area but not stick above 40.50 if
still week
06 Mar 2013 02:26 pm
This is where selling would come in if a weak market, but since noon the
pullbacks have been bought. 40.50 should hold to push higher
06 Mar 2013 02:29 pm
On top, ES needs to push through the highs made at 41.50, sustained trading
above 40.75 needed to keep from another reversal
06 Mar 2013 02:34 pm
Should hold 41-40.50 at lowest on a pullback, 42.50-43.25 resistance on this
move, key area
06 Mar 2013 02:39 pm
42.50-43.25 zone giving a small reaction, 41.50 area should hold on a dip from
up here.
06 Mar 2013 02:45 pm
Pullback from 43.25 new resistance trying to stay above 41.50, if that does not
hold then 40.50 could be seen again. 44.50 If 43.25 cleared
06 Mar 2013 02:48 pm
41.75 pullback low, this could see 44.50 if this push higher continues, and then
see some pullback
06 Mar 2013 02:52 pm
41.50 prior high area was held on pullback after coming down from 43.25 R,
transition area that needs held to stay bullish. 44.25 bounce high
06 Mar 2013 02:55 pm
If they get back to 44.00-44.50 area, stall out and reverse down through 41.50,
trading top could be in. Strong internals is the
06 Mar 2013 02:57 pm
Missing ingredient needed to give sell signals. Should see some pullback from
re-test of 44.50, if rejection could start something
06 Mar 2013 03:03 pm
Should be it for a rally attempt if 41.50 area not held. 44-44.50 could be a top
if that is taken out, especially on a close
06 Mar 2013 03:14 pm
Staying under 43 keep pressure on for pullback to take out 41.50, down to 39 if
that's broken/held under 42 area
06 Mar 2013 03:22 pm
41.50 broken through, a bounce late in the day will be sold into. If another pop
up occurs, short as soon as upside stalls
06 Mar 2013 03:25 pm
Especially if there is a pop up to around 42.75 area that is rejected, or just
pops up and then goes sideways for several minutes
06 Mar 2013 03:30 pm
40.50 just a small support from earlier, 39.50-39.25 more important and should
be tested if this is going out on a weak note
06 Mar 2013 03:32 pm
I would avoid longs, potential for this to get hit a bit harder end of the day
06 Mar 2013 03:34 pm
Have a good rest of your day, I will catch you tomorrow shortly after the open.
Tuesday-March 05, 2013
(time stamps are EST)
05 Mar 2013 09:20 am
This market is getting to you that "incredible" camp, almost on par with 1987,
2000, 2007 and I have been through them all.
05 Mar 2013 09:22 am
Also am hearing those famous words "its different this time". There never
exactly the same, but trading top should be near. Right now the
05 Mar 2013 09:26 am
ES is trading 9 points above fair value, the SPX needs get to 1535 to be in
line. Thats just 17 pts from all-time intraday high
05 Mar 2013 09:30 am
The Dow cash will be making record high this morning. 1530 on ES needs held
05 Mar 2013 09:34 am
That can be top if 32 broken and not turn right back up, that is first support
up here
05 Mar 2013 09:39 am
34-34.50 broken through, 34 area needs to hold as support on pullback or this
could get a bit toppy.
05 Mar 2013 09:50 am
Some Econ data out soon. Another pop up should be sold into, 37.75-38.50 if a
new high. 32-31.50 area key support, no reversal unless broken
05 Mar 2013 09:57 am
Should see some pullback from 36.50, 34.50-34.00 prior resistance should be
pivotal as support. That will need broken/held to break down
05 Mar 2013 10:04 am
Pullback held just above 34.50 and reached 37.75-38.50 resistance, was rejected
but pullback should hold around 35 area or breaking down
05 Mar 2013 10:09 am
10 AM high at resistance was rejected, should be early high at least, but would
need to break 35 and not turn up with gusto for some proof
05 Mar 2013 10:19 am
The pullback went just 1 tick under 35 support and turned up to test the high.
34.50 prior resistance acting as support
05 Mar 2013 10:23 am
Back to resistance but no proof of any kind of top unless 36.50 broken and not
turn right back up, and then 34.50 would be broken next
05 Mar 2013 10:29 am
35.75 should hold on gentle pullback to keep uptrend grind going. Gap day could
be trend day if dips just 2-3 ES points
05 Mar 2013 10:39 am
38 new support to hold to continue grinding higher. But expect some pullback if
40 is retested
05 Mar 2013 10:47 am
A pop-up to 40.50 was sold into, but pullback held just over 39, and 39-38.50 is
the trend up support/transition zone, needs held
05 Mar 2013 10:54 am
If there is going to be a pullback of about 3 points that should start from the
41.25 high so far which would mean holding around 38
05 Mar 2013 10:59 am
Tiny retests of 41.25 high was sold at 41.00, should go back to 39-38
05 Mar 2013 11:08 am
So far a 3 point pullback to the 38.50-37.75 prior resistance, a high in place
if not held, 40.50 minor resistance
05 Mar 2013 11:15 am
For now, as long as 38.50-38 is held, this can continue in a trend up mode.
Watch 42 for a pullback from up here, 40.50 minor support
05 Mar 2013 11:23 am
A bounce off of 40 stopped at 41, if that isn't clear/held then down towards
38.50-38 again, another bounce from 40 gets sold into 42-ish
05 Mar 2013 11:32 am
41 has been rejected on the last 2 times attempts, if that is reached and
reversed and we get another pullback, maybe test 38.50-38
05 Mar 2013 11:37 am
There should be pressure on the low 40-40.50 area, 38 must hold or dynamic
change
05 Mar 2013 11:42 am
Another 3.00 point pullback. We had 3.25 points, 3.00 points, and 3.00 point
pullback. Makes 38.50-38 a bit more important. If 40 not
05 Mar 2013 11:44 am
Pushed above and held than 38.50-38 could be broken. 41 next is a bit more
follow-through, then pulled that
05 Mar 2013 11:56 am
The NQ is helping the ES on this move, the Dow cash flattening out and ES
stopped at 41. 40 needs to hold, and 2800 1st minor S on NQ
05 Mar 2013 12:00 pm
NOTE: I will be away today from around 12:15 PM until around 1:15 PM. I will
update ASAP when available again, or if something changes
05 Mar 2013 12:04 pm
As for a trade, so for a gap day acting as trend day as long as pullback is not
> 3 points. If 38.50 not held dynamics change. Will break
05 Mar 2013 12:06 pm
Unless a push over 41 on ES and 2803.50 on the NQ, then hold on a dip. Market
stays strong buying frenzy if that happens
05 Mar 2013 12:15 pm
About 30 minutes going sideways under 41 should mean breakdown back towards
38.50 area, that's key
05 Mar 2013 12:17 pm
Bounces should be sold into from here on out, though couldn't get buying at
deeper levels, a 7 point pullback from 41.75 possible
05 Mar 2013 12:50 pm
The ES made it down to the 38.75 support area and bounced twice, but NQ in
different shape. Another pop-up from here possible, and sold into
05 Mar 2013 01:00 pm
After breaking out above double at 1524.50 yesterday another break/hold of
1538.50 resistance turned support. Must hold, 2796 on NQ
05 Mar 2013 01:04 pm
The internals are going to be close to sell territory. The S&P 500 cash came
within 10 points of its all time high, should not be seen
05 Mar 2013 01:08 pm
If Another pop up, it's a short using a tight stop, should not get back above
40.50-41 and break of 38.50 could cause good break
05 Mar 2013 01:22 pm
38.75 bottom of this range was held in held again and almost to the high, likely
will push through and tried for 44. 14.50 small support
05 Mar 2013 01:23 pm
40.50, sorry for the typo
05 Mar 2013 01:26 pm
New high should be sold into as long as Take profit, then pullback they
reinstate long. 38.50 must hold to keep this same action
05 Mar 2013 01:37 pm
The 40.50 minor support was held in another new high made at 42.75. 41.50 should
be pullback support, or 40.50 again
05 Mar 2013 01:43 pm
40.50-39.75 should be very important on pullback from up here, that is prior
support/low and 3 points off the high
05 Mar 2013 01:47 pm
So far 40.75 the pullback low and a bounce off of that is going to be sold into,
42-42.50 would be ideal but may not get there, high may be in
05 Mar 2013 01:54 pm
tested its high and ruled over, the NQ same but tested lower high. A top was
snuck in. If not, a bounce gets sold 40 now resistance
05 Mar 2013 01:57 pm
If the 38.75-38.25 area is broken and cannot turn right back up then down side
to get some momentum,
05 Mar 2013 02:03 pm
A bounce off of the bottom of sideways range from around 11 AM, not much gusto
and breaking down could be kind of sharp
05 Mar 2013 02:23 pm
Pullback held at 38.75, but not much of a bounce. Also watch in 14,261 on Dow
cash.Both key S Need to push over 40.50 to get bounce attempt
05 Mar 2013 02:29 pm
The failure just under 40.50 should be at an important high for now, pressure
stays on unless cleared/held on a dip. 36.50 next support
05 Mar 2013 02:32 pm
38.75-39.50 is bounce resistance. A drop to 36-35.50 possible especially staying
under 38.50
05 Mar 2013 02:42 pm
A bounce to 38.75-39.50 coming from 37.25 where 60 EMA on 5 minute chart is
currently. Still 39.50 needs cleared to take some pressure off
05 Mar 2013 02:50 pm
A better than expected bounce, would still need a move above 40.50, and then
hold around 40 on a dip or market still vulnerable up here
05 Mar 2013 02:52 pm
So for now still look for bounces to run out of steam and rollover because
upside momentum erased unless 40.50 exceeded
05 Mar 2013 02:59 pm
Prior low and 60 EMA at 37.00, and NQ going sideways just over 2790, key to
defend end of the day. 40.50 needs pushed through to finish well
05 Mar 2013 03:16 pm
Buyers have defended 37.75-37.25 low of this range, sellers stopping 4 bounces
just under 40-40.50, a push over 40-40.50 needed
05 Mar 2013 03:25 pm
bounce will be sold into buyers are not comfortable out here and sellers risk is
not a whole lot,
05 Mar 2013 03:31 pm
Could bounce here but not get above 40-40.50 and hold up there, 35.75 could be
next support
05 Mar 2013 03:36 pm
Buyers backing off still, avoid long unless breakthrough 40.50 and tiny dip
around 40 can hold. Not likely
05 Mar 2013 03:44 pm
Should hold 40-39.50 area, maybe at lowest, to keep upside going
05 Mar 2013 03:46 pm
59.75 pullback low so far and if it goes much further than uptrend will probably
not go far
05 Mar 2013 03:46 pm
Have a nice afternoon, I will catch you tomorrow a little bit after the opening
Monday-March 04, 2013
(time stamps are EST)
04 Mar 2013 09:26 am
Last night's update in the early going, last bounce came from 1509 support area
and needs to hold if another test
04 Mar 2013 09:33 am
13.50-14 needs broken/held to get into neutral position, 2740-41 on NQ
04 Mar 2013 09:44 am
13.50-14 support turned resistance was sold down 2 pts to 1511.50 and then
turned right back up, resistance 15-15.50 again, 13.50 support must hold to keep
up trend
04 Mar 2013 09:52 am
13.25 was quickly reversed up, 1515.75 high and if sold from there or unable to
hold 14 area, then back under 13 and bounce should be sold
04 Mar 2013 09:56 am
14-13.50 is a key area on the ES this morning, pivotal. 15 shouldn't be broken
if going to test 18 area/Resistance
04 Mar 2013 10:00 am
Any bounce from 14 pullback low should be sold into and not make a higher high,
pullback could be a faster one
04 Mar 2013 10:02 am
16 area should be sold, if not there then could still test 18 area. Break of
14-13.50 needed to break down
04 Mar 2013 10:07 am
The bounce from 14 support stopped at 15.75 making a lower high so far, staying
under 15.75 needed if breaking 14-13.50 in the cards
04 Mar 2013 10:14 am
Upside stalled out, pretty good selling around 1515.50 pivotal area for a number
of days. Could bounce but early high in place
04 Mar 2013 10:19 am
14.50 is where the rising wedge was broken so 14-14.50 should be a pivotal area
on bounce.
04 Mar 2013 10:28 am
Last bounce stopped at 14.25 and dropped down to a lower low at 1512.25 2 times
so far, a third could name 1509. Pop up R 14-14.50
04 Mar 2013 10:36 am
Bounce sold at 14, Pullback based at 12.50, held there for 15 minutes, a key
area to break the NQ is weaker and leading a bit
04 Mar 2013 10:43 am
The drop from 14 Resistance retest 12.25 and turn up through 14-14.50, 14 area
support on a dip. Should hold that there's going to be another push higher
04 Mar 2013 10:55 am
They ES bounced from a pullback low at 14 to 15.50 up to 16.75, quickly sold
into, but it needs to hold 15.25 or back down towards 13.75 area
04 Mar 2013 11:06 am
13.75 was reached and was dead back up, that is pivotal support. They move over
16 that sticks is needed soon or breakdown
04 Mar 2013 11:07 am
15.50 on top should be sold on another bounce, or should stay under that
15-15.50 area, should be selling pressure under that area
04 Mar 2013 11:17 am
15.50 was sold 14 needs broken and not turned right back up or there could be
one last bounce attempt
04 Mar 2013 11:23 am
Push higher reached 16.75 so far, third time up there and could push through if
15.50 area holds. 14.25-13.75 pivotal, shouldn't break or
04 Mar 2013 11:26 am
this ragged stair step higher breaks down and trends broken. Currently still
bullish holding 15.50, 17.75-18.25 area just above
04 Mar 2013 11:34 am
Double top at 17.75 Resistance, that should be hard to get through and hold,
15.50-15 a key support then down to 13.50
04 Mar 2013 11:36 am
15.50 oh pullback low so far, the ES would need a good push higher off of this
area to have a chance to get back to 18 area
04 Mar 2013 11:42 am
There should be strong resistance on a retest of 17.50-18.50 area. May not get
there if 15.50 broken and not turned back up. But retest
04 Mar 2013 11:45 am
would likely be sold into. Need to make bounce from 15.50 or not going to get
there. Next update in about 20 minutes
04 Mar 2013 12:16 pm
There was a bounce from 15.50 that touched 17.50 and turned right back down,
with a double top at a strong resistance we should have a decent pullback from
up there, 14-13.50 key area
04 Mar 2013 12:19 pm
15.50 area should be good Resistance if a bounce from 14-13.50. If that's pushed
under, 12 would be next
04 Mar 2013 12:24 pm
14.50-15.50 area should be strong bounce resistance to that double top is going
to stick. This could open up and give decent drop
04 Mar 2013 12:33 pm
1512 was broken and
04 Mar 2013 12:34 pm
1512.75 area is decent resistance on a bounce, and needs to be cleared/held to
have a temporary low in. Still 1509 for key fixed support
04 Mar 2013 12:55 pm
The bounce took out 1512.75 by 1 tick and went sideways and now a small breakout
and if 14 old support not turn new resistance 15.50
04 Mar 2013 12:59 pm
Need to take a quick break, 15-15.50 can be seen on the upside as long as 13 not
broken. I will be back ASAP
04 Mar 2013 01:21 pm
We have had 2 sided action with a double top at resistance and then a low at
12:30 PM, another pullback a buying opportunity, 17.50-18.50 R
04 Mar 2013 01:27 pm
14.25-14 area is now support that should not be broken, or a chance to go back
to bottom of today's range. 15.50-15 S should get bid or top
04 Mar 2013 01:30 pm
A pullback should be just "backing up to get a running start" on the up side for
now. A dip >2.00 points needed to break trend
04 Mar 2013 01:42 pm
Another test of 17.50-18.50 rejected, there needs to be a break under 16-15.50
to get this to rolling over, and NQ would need to turn down
04 Mar 2013 01:53 pm
At resistance, but would need to go back under 17 for the grind higher to
reverse.
04 Mar 2013 01:55 pm
A short but they stopped above the high for now,
04 Mar 2013 01:58 pm
This is still in an uptrend as long as 16.50 is able to hold, and not impossible
to retest the high or a tiny bit higher.A break of 16.50-16
04 Mar 2013 02:00 pm
That is broken and not turned right back up, then the up trend should break and
start pullback. 20.50 minor resistance over 18.50 high
04 Mar 2013 02:07 pm
18.50 about to be pushed above if this continues grinding higher, not aggressive
backing away, watched 20.50 to be reached
04 Mar 2013 02:09 pm
18.50 taken out by one tick, quickly turned away. However dips have been small,
should hold 17-16.50 at lowest are breaking down
04 Mar 2013 02:13 pm
There is not much left on the upside if they didn't top at 18.75 already,
17-16.50 with no bounce, NQ could lead this
04 Mar 2013 02:20 pm
So far 16.50 table to hold, can lead to one more push higher,
04 Mar 2013 02:23 pm
The pullback was 2.25 points, the only other pullback since 12:30 PM low was
2.00 points. That symmetry needs a broken to change
04 Mar 2013 02:25 pm
A move up to 20-20.50 would be possible if able to get through double top
04 Mar 2013 02:28 pm
Look for buying opportunity on pullback to 18.50 area for continuation of
uptrend, should hold to keep pattern intact, should/must hold
04 Mar 2013 02:31 pm
Up here, look for token higher high to be sold into. Pullback should be small to
keep pushing higher, 19.50 area needs held on pullback
04 Mar 2013 02:51 pm
23.50-24.50 area is a major zone up here, since 12:30 PM it has been basically
trend up, 2 pullbacks just 2 pts, 21-20.50 is trend support
04 Mar 2013 02:55 pm
Just under 23.50-24.50 area, a pullback needs to be gentle and bought on a dip
at 21-20.50, trend still up unless broken
04 Mar 2013 03:03 pm
At the high with an hour left in stock trading, just under short-term major
resistance, if a pullback takes out 21 up trend in jeopardy and
04 Mar 2013 03:04 pm
A late day drop/pullback to the 17-16 area possible
04 Mar 2013 03:07 pm
This is a spot for another pop up if this trend up move is going to continue
into very late day
04 Mar 2013 03:18 pm
Buyers backing away around the high. Would need to push above 23.50-24.50 end of
the day.A pullback that breaks 21-20.50 could see 16.50-16
04 Mar 2013 03:24 pm
21-20.50 zone was just reached, must hold to avoid deeper pullback towards
17-16. A move above 22.25 should take some pressure off
04 Mar 2013 03:29 pm
ES not wanting to test R again but As long as pullback stays above 21-20.50 area
the end of the day keeps the market away from trouble
04 Mar 2013 03:31 pm
Have a good rest of your day. "See" you tomorrow around the open.
Thursday-February 28, 2013
(time stamps are EST)
28 Feb 2013 09:31 am
Good morning. Strong resistance at 19.50 and then 24 again. That should be sold
into after two good up days. 13-12.50 key support early. Econ data 9:45 AM
28 Feb 2013 09:36 am
13.25 was bought, 1515.50 is a pivotal area today, needs to hold on a dip
28 Feb 2013 09:42 am
15.50 shouldn't be reached if this is going to reach 19.50 before the release in
a few months. 15.50 still support
28 Feb 2013 09:47 am
19.25 reached 3E time they release and now 17 mates held than 15.50 key. 23-24
if 19 pushed through/not reversed
28 Feb 2013 09:51 am
Needs a bounce from 18.50 area or a high will be in for a bit
28 Feb 2013 09:53 am
18.50-18 area should be an important support, possibly pivotal area is topping
out
28 Feb 2013 09:56 am
Took out 18-18.50, so top likely in, 15.50 area key on this, 18.75 resistance
28 Feb 2013 10:00 am
15.50 held so far was pullback low at 16.25, 18.75 should be sold if heading
lower
28 Feb 2013 10:02 am
18.75 was barely poked over to 19.00 and quickly back away. It needs clear/held
or 15.50
28 Feb 2013 10:06 am
15.50 reached in a broken, another pop-up will be sold. A drop down to 13-12.50
would be to support and could get momentum if broken/held
28 Feb 2013 10:08 am
The way this pattern looks 17.50 should be key resistance here, only punch
higher to push through
28 Feb 2013 10:13 am
Small pullback as 15.50 area is still pivotal level for the mkt today. Holding
above that keeps this out of trouble. A breakdown if not held
28 Feb 2013 10:20 am
If 16.50 is a bid back up with some gusto, then they move lower and test 15.50
or lower
28 Feb 2013 10:24 am
Market has been bouncing back but there could be sharp drop if cannot get above
19 and hold or break 17 med 15.50
28 Feb 2013 10:30 am
Should be sold around 17.50-18 if Going lower, 15.50-15 pivotal
28 Feb 2013 10:31 am
13-12.50 should be tested if held under 18
28 Feb 2013 10:37 am
Still 1515.50-1515.00 is pivotal. There has been selling on all pop-ups, but
holding 15.50-15, if broken/held transition to downside likely
28 Feb 2013 10:46 am
15 broken and could bounce but pressure still on unless 16.50 cleared/held now,
13-12.50 key area if new low on next pullback
28 Feb 2013 10:54 am
15.50 should be trend resistance along with pivotal area and can still see
13-12.50 unless broken/held. That's next support must bounce from
28 Feb 2013 11:00 am
Buyers at 13.50, just above the early low and a key support for today. This
might chop around 15.50 before another move, stays bearish under
28 Feb 2013 11:05 am
A pullback should hold 15.50, 18 is resistance
28 Feb 2013 11:13 am
We have choppy two-sided action so for now it is "sell high buy low" a dip from
18 to should be bid back up from 17-16.50
28 Feb 2013 11:21 am
From 18.00 pound to 16.75 was bought, a test of 18.50-19 should be sold if
stalls/rejected. Needs to hold 16.75 at worst or back towards 15.50-15.
28 Feb 2013 11:30 am
18.50 sold and now 17.50 is trend support, uptrend broken if that's not held on
a dip.
28 Feb 2013 11:34 am
Test of 18.50-19 sold into, uptrend losing momentum so 17.50 very important to
hold over, a short 18.50-19
28 Feb 2013 11:36 am
Watch for 16.75 prior low area for small support and 15.50 major area. Keep eye
on NQ it can lead lower 2754 resistance
28 Feb 2013 11:44 am
Drop down to test 15.50 area, another pop up should be sold around 17.50-18 if
going to make move back down there
28 Feb 2013 11:48 am
Should pull back, but if 18 pushed through the 19 could be tested and maybe
chance of pushing over 20, not sure that would stick so
28 Feb 2013 11:54 am
Just a tiny dip from 17.75 down to 17.00, but bounce stalling out. 17 looks to
be an important area to hold or 15.50 area again
28 Feb 2013 12:04 pm
The ES has been going back and forth in a 7 point range. The ES holding above
15.50 area on pullbacks, could get toppy but no damage unless
28 Feb 2013 12:06 pm
15.50 area is broken and not turn right back up.
28 Feb 2013 12:11 pm
Selling into what little strength there is up here, If they get to the 18.50-19
area again they should fail or accelerate, and fail more likely
28 Feb 2013 12:13 pm
Market out of gas, must push above 18.50-19 and the stick soon, pressure on
under 18 for now. Next update in about 20 minutes or so.
28 Feb 2013 12:37 pm
There was a pop up to 18.50 that was sold, but pullback was not aggressive and
bid right back up. Another dip should be bought
28 Feb 2013 12:40 pm
A pullback to around 18-17.50 needs to hold it up upside going to make it to
19-19.50 possible double top or breakout
28 Feb 2013 12:45 pm
19.50-20.25 can be pushed to. Pullback there more likely, then another bounce
attempt after a 1.00-1.50 point pullback
28 Feb 2013 12:54 pm
Just missed 1520 and there was good selling start there so good resistance if
retested, 18-17.50 is pullback support, must hold
28 Feb 2013 12:59 pm
A hold under 19.25-19.50 area should mean 18 area gets a test before bounce from
down there. A bounce from 18 area would need some gusto or
28 Feb 2013 01:00 pm
Could break this choppy uptrend and leave double top on the way to 16.50 or so
28 Feb 2013 01:03 pm
Choppy uptrend with small pullbacks being bought since turning back up just
before 11 AM. This action can continue as long as 18.50 transition
28 Feb 2013 01:04 pm
From resistance to
28 Feb 2013 01:05 pm
From being resistance to now acting as support. If that is broken on a dip and
not turned right back up than things could be changing
28 Feb 2013 01:14 pm
There is not a whole lot of action, and either stalling out just under 20 again
or ready to push through. 18.50-18 is the pivotal support that should hold
28 Feb 2013 01:23 pm
Breakout gave nice short squeeze and 20-19.50 solid support on a dip if there is
one. end of the month the month strength 24-25 major R
28 Feb 2013 01:24 pm
Could be reached if a good bounce comes from 20.50-20 at the lowest, holding 21
keeps up side pressure on
28 Feb 2013 01:39 pm
Pullback held 21.50, there should be selling at the new high than a small
pullback that needs to stay over 21.50, then 19.50-18.50 major
28 Feb 2013 01:42 pm
The internals today are strong and there is a good chance that many of my
short-term internal gauges can be at overbought extremes, that
28 Feb 2013 01:47 pm
That could mean another push higher possible but set up for a reversal back
down, or sideways at best. For now 20.25-19.75 should be key S
28 Feb 2013 02:01 pm
If they pop up to 23-23.50 area again, which is just under 24.50, and the
reverse then there could be pullback occur, but 21 area still key
28 Feb 2013 02:03 pm
And that area needs to hold or they slip down towards 19.50-18.50 and then
bounce again if still keeping up trend intact
28 Feb 2013 02:14 pm
A pullback should hold 22.50 and get through 24.50 prior high, if cleared and
not turn right down and just keep grinding higher
28 Feb 2013 02:18 pm
Biggest pullbacks have been 2.00 and 2.75 points on the ES, so as long as
21.75-21 holds on pullback this continues trend up mode
28 Feb 2013 02:33 pm
The pop up tag 24.50 resent high instantly sold, looks like 22 area needs held
or that could be a top again
28 Feb 2013 02:35 pm
Could get a bounce from 22 area but should be strong resistance around 23.25
that sold on a pop up that stalls up
28 Feb 2013 02:38 pm
That is a tell that higher prices and holding gains should be difficult up here,
given the overbought condition of internal indicators
28 Feb 2013 02:42 pm
Looking to scale into a swing trade on a bounce to around 23, if market
continues a bit higher tomorrow, likely sold into. This move could see
20.25-19.50 or of that lower before bounce
28 Feb 2013 02:53 pm
ES reached 20.25-19.50 zone and held, The trend up move is certainly over but
there could be a bounce from that zone, should not stick
28 Feb 2013 02:55 pm
Next update in about 15 minutes. 22 needs pushed above to get upside going but
likely make lower high near 23-23.50 if reached
28 Feb 2013 03:00 pm
Sellers on small pop-ups and staying under 21.50 could mean move down towards
18.50 or lower
28 Feb 2013 03:05 pm
21.50-22.00 area is pivotal Resistance and even though ES at a support area that
Resistance needs cleared before selling pressure relieved
28 Feb 2013 03:12 pm
So far 18.50 earlier transition area able to hold, ES also right at 60 EMA.
Market turning very weak and 15.50 possible
28 Feb 2013 03:15 pm
NQ just 7 points off its low and still week under 2750 and ES continues
downtrend under 19.75
28 Feb 2013 03:22 pm
Would be a good rally off of 18 if the market was strong, there is resistance
around 19.50-20 on this bounce, that area key
28 Feb 2013 03:25 pm
19.75 was sold on bounce, still key. If cleared then a move up to 21.50-22 area
should be sold into
28 Feb 2013 03:29 pm
20 was sold and quick drop to 18.75 trying to hold but must get over 20 and
stick, 22.50 would be next
28 Feb 2013 03:36 pm
Still unable to stay above 20 and that keeps pressure on end of the day. If
broken/held them 22.50 possible but not likely to stick.
28 Feb 2013 03:37 pm
If they stay under 20 and break under 18 late be then 15 area will be a key
support end a day
28 Feb 2013 03:39 pm
Have a good afternoon/evening, will catch you tomorrow morning near the open,
should be important day. Take care
Wednesday-February 27, 2013
(time stamps are EST)
27 Feb 2013 12:49 pm
Instead of staying under 1497-1498 and pulling back, the market followed the
upside scenario in last night's update,
27 Feb 2013 12:52 pm
3 point pullback from 1500.25 held the 1498-1497 and then rallied to 1505 area
and kept going. biggest pullbacks 3.00 and 3.75 points
27 Feb 2013 12:54 pm
1512.50 was not held long, and that is major area on this rally and may be a top
especially if 4 point pullback
27 Feb 2013 01:02 pm
3.50 point pullback, 12.50 resistance was rejected again, 1-2-3 type top,
1510-1509.50 should be support/transition area
27 Feb 2013 01:10 pm
the patterns are bearish and a pop up will be sold into so it's a short under
the highest
27 Feb 2013 01:15 pm
So far ES holding support, but another move to 12 area should be sold into.
27 Feb 2013 01:15 pm
A break of 1409.50 on the ES that doesn't get turned right back up would begin a
bit of a shakeout to the downside, "long covering pullback"
27 Feb 2013 01:23 pm
1512 being held under after a good run up and unless that is cleared again and
not reverse it is vulnerable and especially if 1509.50 breaks
27 Feb 2013 01:39 pm
1512 tested a few times, but would need a break of 1510 stills to break this
down. A dip should hold 11 or higher to keep grinding
27 Feb 2013 01:41 pm
1515 area is next key resistance up here. Need to stay under that area to have a
double top in place, that has been pivotal on both sides
27 Feb 2013 01:49 pm
needs to stay above 12.50 resistance for more than a minute or will get another
move towards 1510 or lower, 13.50-13.00 double top otherwise
27 Feb 2013 02:05 pm
1512.50 still hard to get through/hold, and upside as flattened out, 3 pullbacks
of 3.00-3.75 pts, a fourth is 1510-1509.50 key support
27 Feb 2013 02:15 pm
1515 almost reached, they could push a bit above that but then should pullback
and the 13-12 now support
27 Feb 2013 02:26 pm
15.50 reached so far, this would need to go back under 13.50-13.00 prior high
area on pullback to stay strong and grind/stairstep higher
27 Feb 2013 02:28 pm
Persistent uptrend pope cover 15.50 and should see some pullback and hold 1515
if staying strong
27 Feb 2013 02:30 pm
Or go down to 13.50-12.50 zone which should be key as also another 3-3.75 point
pullback
27 Feb 2013 02:41 pm
15 should be pivotal level again. Especially If 13.50-12.50 area broken, then a
bounce shouldn't make a higher high. 15 especially key then
27 Feb 2013 02:47 pm
I need to leave early today, a little before 3 PM. ES a 23 point rally to its
high so far, good upside momentum with 3 relatively small dips
27 Feb 2013 02:50 pm
Trend stays bullish as long as 13 held on pullback at the lowest, 18-18.50
resistance
27 Feb 2013 02:52 pm
I really think that 1515 area is still going to be traded around, maybe on both
sides but that should be support on a pullback
27 Feb 2013 02:54 pm
If the market is going to continue to grind higher than the last hour. If broken
it could be a red flag for test of 13
27 Feb 2013 02:55 pm
The next update will be Thursday morning around the open. Have a good rest of
your day, I will catch you then. Take care
Tuesday-February 26, 2013
(time stamps are EST)
26 Feb 2013 09:29 am
This should stop at 1495 If going to get more pull back. 1489 area will need to
hold on pullback
26 Feb 2013 09:33 am
Resistance sold, should pull back
26 Feb 2013 09:40 am
92.50 needs broken to get a push lower, and make 95 a top. a move above 95 would
need to get momentum and test 99
26 Feb 2013 09:43 am
At 10 AM we get Econ data, short covering off of the open should be sold into
still, with 92.50 key area
26 Feb 2013 10:00 am
92.50 broken but not held, must hold. Number just out, now 94.50 new support
26 Feb 2013 10:06 am
95 days to hold on pullback or uptrend will be reversing and an early high could
be in
26 Feb 2013 10:10 am
If another bounce it will be sold into. A pop to the 95-95.50 area should not be
exceeded/held, highs should be in
26 Feb 2013 10:15 am
Pressure stays on as long as bounced stays under 92.50-93.25 down to 89-88
26 Feb 2013 10:25 am
92.75 and 92.50 or sold on small bounces, allowing entry and 92.50-93.25 area,
target/support at 89-88 reached. Same resistance if bounce
26 Feb 2013 10:27 am
92.50-93.25 zone was just missed so far and pressure stays on unless broken
26 Feb 2013 10:30 am
89-88 initial resistance acted as a transition area to upside overnight on
Globex, if broken/held then 86.75 at least and maybe break 85
26 Feb 2013 10:43 am
90.50 areas should be good resistance on this bounce. If cleared, could try for
92.50 but failure leads to another push lower
26 Feb 2013 10:48 am
89.75 was the bounce high, though pushed down to 86.50 was turned up two points
very fast. Should hold on pullback now
26 Feb 2013 10:55 am
There was aggressive buying at the 1487.00-1486.25 zone, that was yesterdays
closing range. We get 2 sided trading inside yesterday range
26 Feb 2013 10:56 am
Unless that area is broken, in which case the double bottom, or rising
26 Feb 2013 10:58 am
Or rising W pattern also broken. 92.50-93.25 should be the pivotal level on top,
needs cleared/held or that pattern in danger of breaking
26 Feb 2013 11:04 am
bounce from down here possible, but they are not able to stick and should be
sold into unless a move above 92.50-93.25
26 Feb 2013 11:07 am
If 87 area broken through 85.50-85 in the cards, possibly down to the 82-81 area
if a sharp drop
26 Feb 2013 11:13 am
Was going to give the key intraday zones and less updates but market moving
faster than it has been lately. 85.50-85 was held but need
26 Feb 2013 11:15 am
A move back above 88-89 and hold to take pressure off and avoid potentially
going to 82-81 area next
26 Feb 2013 11:27 am
The bounce reached 88.50, right in the middle of 88-89 resistance/sell zone and
made new low at 84.50. Thats 3 ticks under yesterday low
26 Feb 2013 11:29 am
And there it is a chance that will be a low for a while if 88-89 is pushed
through and not turn right back down again. Pop-ups not sticking
26 Feb 2013 11:34 am
And short side on bounces that stay under 88-89, at least for now. 85 minor
support now keys support, should hold 86.50 if turning strong
26 Feb 2013 11:46 am
82-81 area just missed so far but still in the cards, could give a bounce but
shouldn't take out 85.50-86 - and hold
26 Feb 2013 12:08 pm
85.50 was taken out and then held on a dip in push back up to test 88-89 area.
Needs to get above 88.50 for a potential breakout - 85.50 KEY
26 Feb 2013 12:20 pm
Not able to get through 88-89, and should be sold on a retest if it doesn't have
much gusto, if going to bounce 85.50 area needs held
26 Feb 2013 12:31 pm
Bounce took out 89 x 2 ticks and turned it back, need a bounce from around 87.25
at the lowest to keep up trend going and not top in this
26 Feb 2013 12:33 pm
timeframe. 88 held so far and that could be pivotal level up here, 92-92.50 area
next resistance
26 Feb 2013 12:44 pm
Small pullback from 92.50, must be over 91-90.50 to keep the uptrend intact.
26 Feb 2013 12:53 pm
The ES went down to 90.25 so beware of rejection of 92.50 area, 89.50 looks like
more important if a deeper pullback from 92 area
26 Feb 2013 01:01 pm
92.50 gave a small pullback, 60 EMA on 5-minute chart there also. Can go for 95
or 97 as long as breakout holds 91.50 at lowest
26 Feb 2013 01:12 pm
There could be a bounce from 91 area but if not in 90 is broken then a bounce
that follows will be sold and drop possibly sharp
26 Feb 2013 01:14 pm
90.25 bid it up but This will be sold on any kind of bounce, even if 94 is poked
above. That should be sold into it reached
26 Feb 2013 01:21 pm
91-92 area is bounce resistance if there is one and should see pretty sharp drop
the way this pattern looks
26 Feb 2013 01:27 pm
If the ES stalls/reverses around 91.50-92 and turns back down there could be a
quick drop from there. 89-88 zone was resistance earlier pivotal support
26 Feb 2013 01:30 pm
Got a reversal from 91.50 and a break under 88 would start a move back towards
86-85 or lower. 92 key resistance
26 Feb 2013 01:31 pm
That should be sold into it tested one more time, then potentially sharp
pullback if 88 not broken first
26 Feb 2013 01:35 pm
This pattern is bearish as long as 92.50 is not pushed above
26 Feb 2013 01:41 pm
92.50 reject it, that's key still. A pullback needs to slice through 91-90.50
and not turn right back up to start decent pullback.
26 Feb 2013 01:43 pm
92.50 pushed above, must hold. There has been decent buying on the pullbacks,
has to continue creeping higher stay above 91.25
26 Feb 2013 01:48 pm
Making higher highs/higher lows and 91.75 area now support. 94.50-95 area
resistance. They move under 91.50 should mean breaking down
26 Feb 2013 01:56 pm
94.50-95 zone was touched, a pullback should hold 92.50-92.00 area at lowest to
continue higher and avoid late reversal.
26 Feb 2013 01:57 pm
Decent short up here under 94.75 area as that should not be exceeded/held and
next move in two-sided day should be lower
26 Feb 2013 02:13 pm
92.50-92.00 held on pullback and bounced to 94.75 turn away, if 92.50-92 is
broken we will have a high in place.
26 Feb 2013 02:15 pm
93.25 minor, a break needed to roll over. Not in danger unless that breaks and
keeps door open to go for 97
26 Feb 2013 02:17 pm
94.75 was just rejected for a third time, with a tight stop, there is good
potential reward versus risk on short
26 Feb 2013 02:24 pm
94.75 taken out on bounce. A gentle little pullback to 94.50-94 area and turn up
it can give another bounce, choppy uptrend and test of 97-98 not impossible,
26 Feb 2013 02:33 pm
Turn up from 94.00 up to 96.25 sold into, and NQ having trouble at 2715 for
quite a while, should be a high
26 Feb 2013 02:36 pm
Obviously not a top, this is still going to go for 98 area that appears, 97
reached and 97-98 looks important up here.
26 Feb 2013 02:39 pm
94.50-94.00 area is still key support for the ES but a ways down there to prove
trend changing. 97-98 on the ES along with 2715 on the NQ
26 Feb 2013 02:40 pm
Need to be cleared/held to get any more upside momentum, as choppy bounce
getting extended. Next pop sold
26 Feb 2013 02:43 pm
The ES has gone a bit too far now so even if a bounce from 94 it is not going to
break/hold 97-98
26 Feb 2013 02:47 pm
They moved down to 92.25-91.75 area, that would be a spot where ES either
accelerates lower or tries to give a bounce. Don't expect that
26 Feb 2013 03:01 pm
92.75 was reached and gave a bounce but should be trouble trying to stick, the
ES will need to get above 95.50/hold and NQ over 2715
26 Feb 2013 03:08 pm
Bounds unable to stick, but no sharp pullback yet but could if 92.50 area not
held, next update and 10 minutes
26 Feb 2013 03:17 pm
This could pop back since 92.50 area able to hold, but needs to stay over 94 on
a bounce attempt
26 Feb 2013 03:19 pm
If 94 area not held them a chance that 92.50 broken and not turned right back up
end of the day and maybe go for 89-88
26 Feb 2013 03:28 pm
This either needs to break 92.50 area for a breakdown, or push above 94.50 and
hold to bring in late short covering.
26 Feb 2013 03:30 pm
That 92.50 area looks especially important late day, if that is broken then
buyers likely back away until tomorrow.
26 Feb 2013 03:35 pm
Good sellers/resistance at 95-96 shouldn't be taken out the way this is looking,
same with 92.50 area on downside. Breakout should not stick
26 Feb 2013 03:36 pm
Have a good rest of your day, I will send an update when finally freed up early
afternoon tomorrow.
Monday-February 25, 2013
(time stamps are EST)
25 Feb 2013 09:22 am
Good morning. The market is in a good mood to start the week but should have
difficulty at 23.75-24.50 area at least early on,
25 Feb 2013 09:27 am
20.50-19.75 was a resistance zone and would need to hold to keep this rally
intact for a test of 23.75-24.50
25 Feb 2013 09:36 am
Sellers at 22.50-22 area, a bit vulnerable unless broken/held
25 Feb 2013 09:46 am
21 is pivotal resistance and pressure on unless exceeded/held, 2757 on NQ
25 Feb 2013 09:52 am
21 poke above, they hold over 20.50, can continue towards 22.25 and maybe a bit
higher, 20.50 looks pivotal
25 Feb 2013 09:57 am
22.00 down to 20.50, and bounced, pop up should be sold into around 22.50 is
going to break 20.50
25 Feb 2013 10:03 am
23.75-24.50 key. Should dip. Pullback should be small, only be 1.25-1.75 points
and turn up to keep up trend going. Early high otherwise
25 Feb 2013 10:08 am
ES pullback 1.25 points from 24 to 22.75 before getting to 24.50 resistance and
turning down. 22.50 must hold or high likely in
25 Feb 2013 10:11 am
1523.75-1524.50 should be a top and begin some decent pullback if they break
under 22.50. If they hold, 24.50 retest should be sold into
25 Feb 2013 10:21 am
24.50 top at resistance and break of 22.50 was held. That's resistance on a
bounce. 18 area support, must be quickly reversed up on test
25 Feb 2013 10:26 am
17.50 so far but no decent bounce, 21-21.50 Resistance if a bounce. 15-14.50
area key support on another push lower
25 Feb 2013 10:34 am
15.50 reached, thats 7 points under the 22.50 breakdown level. if short from
above, cover at least part on retest. 19.50 small R
25 Feb 2013 10:40 am
If no bounce from 15-14.50, with gusto to take out 18.50, this continues down to
12 and maybe 1509-1508
25 Feb 2013 10:45 am
14.50 reversed. We have a gap day with a high 35 minutes into stock trading. Gap
days often times trend days. 18.50 needs cleared
25 Feb 2013 10:48 am
to make this a trading range kind of day and not a trend day. But in any case,
bounce should not stick
25 Feb 2013 10:54 am
Holding under 15 keeps pressure on to at tests 12-11.50 or down towards 1508.50
lower. If 15 exceeded things change for a bit
25 Feb 2013 10:58 am
Bounces have been about 3 points, if 12 holds then that would also add 1515 to
resistance also. Still key on a bounce. 18 if broken,
25 Feb 2013 11:02 am
14.75 bounce high, needs to stay under and push through 12.00 to continue trend
down action
25 Feb 2013 11:04 am
there will be fewer updates today. Not scalp action. I will point out what
should be important spots for a turn, or break of trend
25 Feb 2013 11:15 am
The bulls defended 1512, sold into on pop and couldn't hold 15, 14 area turning
good support on dip to get up trend towards 18
25 Feb 2013 11:28 am
Pullback from 17.00 was bid back up from the 14.00 new support. Bounces being
sold, needs a move over 18 and not turn right back down
25 Feb 2013 11:32 am
The ES has gone from 1524.50 major area, made 35 minutes in, down to 12.00
initial support. This must stay over 14.50-14 or could have
25 Feb 2013 11:35 am
A breakdown of this uptrend/wedge pattern. It has been selling into strength,
then dips small since coming off 12 support next pop sold
25 Feb 2013 11:36 am
They could bounce from 14 but not stick, should it least go for below and could
be a rising wedge broken and give sharper break
25 Feb 2013 11:39 am
Double bottom, but could end up making its way down towards 1510 or a bit lower
staying under 14.50-15. Bounces still shorts
25 Feb 2013 11:52 am
We got the sharp break of rising wedge one 14.50-14 broken and reached 1508
area. 1504 is probably in the cards. 1511-12 resistance
25 Feb 2013 11:55 am
A decent bounce should be sold and still is a trend down day given the bounce
made bearish pattern, the support/target is 1504.50.If broken
25 Feb 2013 11:57 am
1504.50-1504 area doesn't hold this can keep pushing to 1500 or thereabouts.
Bigger picture perfect top pattern
25 Feb 2013 12:06 pm
They are trying to hold just above that 1504.50, a decent bounce should stop
around 1511 to keep symmetry intact
25 Feb 2013 12:11 pm
A cluster of resistance numbers from 1510.50-1512.00. should be rock solid
resistance on a bounce. Some pressure off if its cleared
25 Feb 2013 12:12 pm
Next update in about 20 minutes
25 Feb 2013 12:42 pm
The ES spent plenty of time basing out at 1507.50 after bouncing from 1506.
Important resistance 1510.50-1512 zone, a move under 1507.50
25 Feb 2013 12:43 pm
Could break this little up sloping channel and give another push to the downside
25 Feb 2013 12:50 pm
1508.75 is where buying started for this run up to 10.50-12.00 area. That should
be pivotal, if pushed above then 15 area possible. 10.25 S
25 Feb 2013 12:57 pm
12.25 bounce high gave some rejection, 10.50-10 area needs held as support if
there is going to be a push through 12, just happened, 12 key
25 Feb 2013 12:59 pm
Since 10.50 held on the bounce, keeping the little breakout intact, it needs to
hold on pullback again. Must or 12 will be a high
25 Feb 2013 01:01 pm
1515 area would be pivotal if reached on the upside, lots of numbers at that
area, and transitions, Friday high etc.
25 Feb 2013 01:04 pm
That rejection and double top just a tick above resistance should make getting
above 1512 area And holding. Break is eminent
25 Feb 2013 01:16 pm
Not impressive bounce back to 1511.50, sold into and so should another bounce
staying under 12 keeps pressure on back towards 1508/lower
25 Feb 2013 01:27 pm
08.50 pullback low so far, need a pop over 10.50/hold, 1 more move lower there
was good buying at 07.50 after coming off the low, must hold
25 Feb 2013 01:31 pm
Bounces of 1.25-1.50 point being sold off of 12.50 bounce high, another should
do the same. 1507.50 could get bounce due to earlier action
25 Feb 2013 01:34 pm
Bounces are countertrend and to be sold into. Those are bounces of 5-8 points on
the ES. Still a chance of 1504.50.
25 Feb 2013 01:39 pm
Tests of the low bringing in short covering/people buying. A bounce should only
be small, 2 pts or less, or 1504.50 still possible
25 Feb 2013 01:41 pm
And maybe lower as it's been a trend down day. A decent bounce should fail under
12.50 prior high
25 Feb 2013 01:45 pm
1504.50 easily reached. The chart pattern could be a "perfect" 123 top on the
daily chart. Often seen at important highs. 1508 R
25 Feb 2013 01:51 pm
A tiny double bottom at 1504 support could give a bounce but should have
resistance around 1507-1508 area. 1512 would be maximum.
25 Feb 2013 01:55 pm
Continued selling under 1506 keeps pressure on and if 1504 not able to hold they
could see 1500 before bounce attempt. 1507-08 key R
25 Feb 2013 02:00 pm
I said earlier in the day I would only pop in at important areas, but more
updates and expected. This is not looking good and 1500 should break
25 Feb 2013 02:01 pm
Before a bounce attempt. This is still a trend down day, and can continue down
until last 30 minutes of stock trading.
25 Feb 2013 02:13 pm
A dip under 1500 down to 1499.50 was turned back up, still trend down for now.
1504 minor and 1506 area now key R on this bounce attempt
25 Feb 2013 02:19 pm
The ES dropped 25 points from 1524.50 down to 1499.50, just above
1499.00-1498.50 support some. Stopped at 1504, can avoid more downside
25 Feb 2013 02:28 pm
1504 was broken by just 2 ticks, not held, can make another push lower if
1502.50 is not bid right back up, and then get over 1504
25 Feb 2013 02:33 pm
1502.25 was bid back up, testing 1506 should be key area. That is about as far
as bounces have gone, was also support and swing low
25 Feb 2013 02:46 pm
Pullback turned up from 1502 but these bounces continue to be sold into and
would need a break/hold over 1505-1506 and stay up there
25 Feb 2013 02:47 pm
That doesn't appear to be likely today but could see an attempt to double
bottom. Would need to turn right back up from 1499
25 Feb 2013 02:56 pm
A quick move up from 1501.00, that must hold end a day
25 Feb 2013 02:57 pm
Another pullback will be bought as we finally have somewhat bullish pattern
intraday. 1502.50 should not be broken on pullback
25 Feb 2013 03:01 pm
Needs to bounce from the 1503-1502.50 area and push it above 1506 on the move up
to avoid another pullback/test of low
25 Feb 2013 03:07 pm
ES broke 1502.50, no dust so yet on bounce attempt, If unable to get above
1505-1506, market remains vulnerable and short back to low.
25 Feb 2013 03:10 pm
Short covering or real buying coming in around 1502, need to push under that and
not come right back up.
25 Feb 2013 03:17 pm
Just short covering or weak buyers getting out under 1505 eight double top
99-98.50 should be short covering but bounce sold under 1504
25 Feb 2013 03:24 pm
This would need to get back the low 1502 area just to get into
neutral/resistance area. Still trend
25 Feb 2013 03:26 pm
This would be the time frame for a low to be made if a normal trend down day.
But very bearish pattern, should stay trend down
25 Feb 2013 03:31 pm
A move through 1495-1494 would be even more bearish for the bigger picture top
being in place, or topping pattern. Down to 92 if broken
25 Feb 2013 03:36 pm
94.25 low in what should be short term major area at 95-94 zone. Won't look good
if broken end of the day. 98 resistance
25 Feb 2013 03:38 pm
Need a move above 1499 to stick end of the day. Parrish otherwise. Have a good
rest of the day, I will catch you in the morning
25 Feb 2013 03:51 pm
There is what should be important support around 1487 on the ES. 87-86.50 area
key area down here,
25 Feb 2013 03:54 pm
Trend day, bounces likely not to stick and 94 area now resistance. Take care
Thursday-February 21, 2013
(time stamps are EST)
21 Feb 2013 09:25 am
Good morning. First, I will be away for an hour today from around 12:15 PM -
1:15 PM. Now the market, sentiment still negative and stocks
21 Feb 2013 09:27 am
Are going to open lower than it appears, the ES about 4 points below fair value,
1500 area tested overnight must hold if tested
21 Feb 2013 09:28 am
More Econ data top of the hour could help be a market mover
21 Feb 2013 09:37 am
1502.50 S needs held or 1500.50. 1506.50 prior S will need to be broken/held on
a dip to attempt bounce, that's first good resistance now
21 Feb 2013 09:42 am
A move above 1504 area with gusto, holding around 1503 on a dip, needed to get
back to 1506-1506.50
21 Feb 2013 09:46 am
1504 not cleared, turning an important resistance early. Only break/hold over
that level can even begin some sort of bounce. 1500.50-1500 next
21 Feb 2013 09:53 am
Need a move back above 1502.25 area to dent downside momentum
21 Feb 2013 09:55 am
A pop back above 1500 that doesn't turn right back down and give more short
covering in front of Econ data top of hour
21 Feb 2013 09:59 am
99.25 seemed to have decent buyers but needs to be a bounce of more then just
2.50 points to change trend
21 Feb 2013 10:00 am
Need to get over 1501 had not turned right back down if there's going to be a
bounce attempt
21 Feb 2013 10:06 am
1499.50-1500.50 was/is pivotal. Must be cleared/held on a dip
21 Feb 2013 10:10 am
1500.75 touched and turned down, must bounce off of 1499 or retest low
21 Feb 2013 10:13 am
Bounce off 1499.25 reached 1501.25, not held. If another pop up should be sold
into again
21 Feb 2013 10:21 am
There has been selling on pops up to 1501, but so far holding 99 on dip, 1504
possible to 1501 holds
21 Feb 2013 10:25 am
Holding 1500.75 so far and needs to hold that and get going on upside above 1502
soon, or can break down again
21 Feb 2013 10:26 am
1503.50-1504.25 first resistance on this run-up. 1501.50 area support on dip
needs held
21 Feb 2013 10:32 am
1504 reached and sold, that is a bigger resistance a pullback shouldn't take out
1502.25 if going to break 1504 and try 1506
21 Feb 2013 10:42 am
The bigger resistance stopped the bounce, there will need to be a good bounce
from around 1501.75-1501.25, and broken uptrend breaks
21 Feb 2013 10:45 am
1501.75 pullback low, 1504.50 area important to get above. Then 1506.50 could
get test to fill gap
21 Feb 2013 10:50 am
Sold for a second time, 1504.50 still a key area, then 1506.50 if they finally
take that out. Most hold 1502 area or breaking down
21 Feb 2013 10:54 am
Can sell against that 1503.50-1504.25 resistance, could head back towards 1500
or lower if no quick run up from 1501.50 or that breaks
21 Feb 2013 11:03 am
1501.50 has been pulled back low on both pullbacks from 1504 area. That area
along with around 2720 on NQ need held or can turn over
21 Feb 2013 11:11 am
1501.25 was turned up, 2719.50 on the NQ, turning into important support but ES
should must take out 1504 and hold or still vulnerable
21 Feb 2013 11:14 am
When the market was acting bullish on the way up, the sideways moves led to
breaks on the upside and sprint higher. Opposite again today
21 Feb 2013 11:26 am
1501.50 needs to be cleared again, and not come right back down, just to get
back into the prior range up to 1504.
21 Feb 2013 11:29 am
If this holds under 1501.50 and breaks 1500 it should be on its way to test low
area and maybe lower if the Dow breaks also
21 Feb 2013 11:34 am
Losing momentum but Still pressure under 1500.50 area as this should press down
a bit further to 98-97 and potentially double bottom
21 Feb 2013 11:37 am
Lost momentum and bouncing to 1500.50, 1501.50-1502 should be sold into, or
could have a low in for a bit. Next update in about 10 minutes
21 Feb 2013 11:55 am
Bounce to 1502 and pull back held 1500.75 before turning back up, taking out
1502, 1501.50 area needs held on dip if going to 1504
21 Feb 2013 11:57 am
That was a bit telling coming back down so easily, look for another pop up to do
the same. 1501-1500 broken this can break down again
21 Feb 2013 12:01 pm
Just a heads up that I will be leaving around 12:15 and be away for about an
hour. 20 EMA on 5 minute chart dynamic resistance, 02.50
21 Feb 2013 12:02 pm
Needs to be pushed above, then have 1502.50-1502 turned into support on a dip,
otherwise a failure that top side of sideways range
21 Feb 2013 12:07 pm
Should be under pressure as long as 1501-1501.50 is held under and the NQ
continues lower leading the way
21 Feb 2013 12:12 pm
Could be a bounce from here, but they have been feeble moves without conviction
and will be sold into as soon as upside stalls or rejection
21 Feb 2013 12:19 pm
1500.50 was sold, and a bit of "get me out" with the spike down and only tiny
bounce. Watch for 96 and maybe 94 zone. Back later
21 Feb 2013 01:12 pm
The ES made a double bottom but this bounce ran out of steam at a lower high,
1502.50 needs cleared/held to try getting decent rally going.
21 Feb 2013 01:13 pm
98.50-98 pullback support shouldn't go further or can head back to the low again
21 Feb 2013 01:25 pm
Staying under 99 area It keeps pressure on for drop to test/break 97, the 94
area could be tested if a breakdown
21 Feb 2013 01:33 pm
Bounce being under 99.50, so can still make a push for lower unless broken/held
to take some pressure off
21 Feb 2013 01:43 pm
Bounced to 99.75 quickly sold, I still think 1494 is seen before decent bounce
can occur. Not a good enough move from 97 double bottom
21 Feb 2013 01:44 pm
Stay with selling bounces 1499.50 area, that must be exceeded and then 22.50
also to dent down side momentum
21 Feb 2013 01:53 pm
Back to 97.25, a bounce should stay under 98.50 to keep this headed towards 94
area
21 Feb 2013 01:56 pm
Another snap back towards 98.50 possible, but just urge caution on the long side
for now, lethargic action not good
21 Feb 2013 02:06 pm
Now that the low has been punched through, could see tiny bounce but should be
working towards 1494 area before chance of a decent bounce
21 Feb 2013 02:11 pm
Pressure on still under 96-96.50, if in some shorts may consider at least
partial exit if 94 is touched
21 Feb 2013 02:16 pm
95.25 pretty close to 94.00-92.50 zone, there will need to be a reversal and
bounce with gusto. till time to get to that area if 97.25-97.75
21 Feb 2013 02:17 pm
It is not pushed above then hold on a dip. Should be good resistance near there
if reached
21 Feb 2013 02:30 pm
The ES reached 95, and kind of based out there. That's just above the 94-92.50
key zone for today. The downside could be limited from here
21 Feb 2013 02:32 pm
If they pull back to the 96.50-96 area and stall out more quickly turned back
up, should set up trade on the long side. Careful not overstay
21 Feb 2013 02:34 pm
98.50 area is bounce resistance, if that is taken out than a pullback should
hold
21 Feb 2013 02:38 pm
FYI, my 1 hour appointment was put off until tomorrow so I will need to remind
you then. If pullback holds 97.50-97, should get another push
21 Feb 2013 02:44 pm
Needs to stay over 97 and get a push above 99 soon, otherwise could retest the
low area again
21 Feb 2013 02:46 pm
1502.50 is a target on push through 99, should get momentum if not topping out
here
21 Feb 2013 02:47 pm
If long from 97.50-97 zone (they reached 97.25) tightens up to 97 at worst, that
should not be broken if our low is in
21 Feb 2013 02:51 pm
Stall out again just under 99 and back down to the 97.50-97.00 support, which is
broken should lead to more and more push lower
21 Feb 2013 02:58 pm
Should see 1502.50 if this can push through 1500.50 prior support area, 98.50
area support on a dip
21 Feb 2013 03:09 pm
98.50 held on dip and push though 1502.50, careful on the short side, would need
to break 98.50 to get back in trouble. 1500.50 should hold
21 Feb 2013 03:10 pm
To keep up trend intact and avoid a late day pullback.
.
21 Feb 2013 03:13 pm
1504 area next, could give pullback but getting good upside
momentum,1501.50.-1500.50 need to hold to get another push higher,avoid late
drop
21 Feb 2013 03:20 pm
So far 1501.50 pullback low, if that is broken then 1500.25 area a key support
and a day. 98.50 could be major end of the day
21 Feb 2013 03:26 pm
1501.50 acting as good support, uptrend intact unless broken, 1504 resistance
rejected once, a push through 1504 could give 1506.50
21 Feb 2013 03:27 pm
a tests before end of day. Just pushed through so should hold 1503.50 area to
get there
21 Feb 2013 03:30 pm
If that 1506.50 is reached and the market does not back away as it should, then
a pretty good reversal day.
21 Feb 2013 03:33 pm
Looks like a hold over 1502.50 needed end of the day to keep the market in a
good uptrend. 1506.50 key support above. 1500.50 if breakdown
21 Feb 2013 03:36 pm
1504.5 area was early resistance in late day resistance also, needs cleared or
no 1506.50 but 1500.50 instead. Careful long on less lower
21 Feb 2013 03:37 pm
Prices turn up, like from 1500.50 area. Have a good rest of your day and I will
see you tomorrow some time around the open
Wednesday-February 20, 2013
(time stamps are EST)
20 Feb 2013 09:29 am
Good morning. A bounce off of 26 just before Econ data stopped at 29 Resistance,
that 26 area should be pivotal and bounce to keep the rally going
20 Feb 2013 09:30 am
I wouldn't be in a hurry to be a buyer
20 Feb 2013 09:38 am
Bounce just under 28.50-29 area, should be important Resistance early,
vulnerable if 26 broken/held
20 Feb 2013 09:45 am
needs a strong bounce off of 25 and take out 28.50-29 to keep rally going, avoid
22.50 or lower,
20 Feb 2013 09:51 am
ES traded from just under resistance 28.50-29 to the 26-25 support, must stay
over 26 area now to avoid trouble
20 Feb 2013 09:55 am
Market is still vulnerable unless 28.50 taken out/held but could bounce from
lower levels. 22.50 to 25 not defended
20 Feb 2013 10:08 am
25 was broken by one tick and a feeble bounce back to 26.25 so far, and must get
above 26.50 then hold 26 or going lower
20 Feb 2013 10:11 am
the NQ leader so far this morning, everything is weak except Dow cash
20 Feb 2013 10:13 am
If 26.50 is taken out, then a dip will need to hold around 26 and head back up
if there's going to be uptrend develop
20 Feb 2013 10:21 am
26.25 held on dip for bounce 27.50, 28.50 resistance, 26.50 support needs held
or could roll over
20 Feb 2013 10:24 am
Stall out at 27.50 and break of 26.50-26 can keep this two-sided trading action
20 Feb 2013 10:33 am
Market doesn't like it up around 27.50 and do for some selling, but likely
bought at lower levels, another pop up sold , 26 pivotal
20 Feb 2013 10:39 am
Drop to 25.25 bid back up to 27.00 and sold. We should expect for this back and
forth to continue for a while.
20 Feb 2013 10:41 am
If 27-27.50 NOT rejected,a pop to 29 area possible.Would probably come right
back to 27 area though.If 25-24.50 tested instant turn up needed
20 Feb 2013 10:46 am
As long as ES stays under 26.50 it should attempt to test 24.50 at least before
another bounce attempt
20 Feb 2013 10:52 am
24.25 was reached, they found swill need to take out 25.50-26 and stick, not
reject that area, to attempt 27 area again. 22-21 next S
20 Feb 2013 10:59 am
The drop took out 24.50 but didn't stick. A bounce staying under 25.50 keeps
pressure on with 22-21 next support
20 Feb 2013 11:01 am
Small support at 23.25 area, but stays in downtrend under 25
20 Feb 2013 11:07 am
22.50-21.50 support zone reached but not much of a bounce,24.50-25.00 area
should not be broken through. 18.50 area can be seen if no bounce
20 Feb 2013 11:16 am
21.50 must hold and push it above 23 trend resistance, or grinding to 20 area
20 Feb 2013 11:22 am
the ES and the NQ want from pivotal early resistance down to strong support, the
23 level broken and should hold to stay in uptrend
20 Feb 2013 11:26 am
24-24.50 is last trapped resistance, 23 has been holding but likely broken
unless that area taken out soon
20 Feb 2013 11:36 am
All balances have been sold into, the NQ leaving this lower as it takes out
support, another bounce stopping under 24 a short,
20 Feb 2013 11:37 am
This can continue down towards 18.50 area, suggests keeping an eye on the NQ
when it's drop stops decent pop-up
20 Feb 2013 11:48 am
pretty good bounce after dipping just under 1520 and turning right back
up.Should pull back from 22, if not then could challenge 24.
20 Feb 2013 11:54 am
Unable to get over 22 so far, the low earlier at support now resistance, could
still see 18.50 put less likely, a higher low possible
20 Feb 2013 11:59 am
A dip down to test 20.50 able to hold so far, that could be a key area to hold
it going to attempt pushing higher, else 18.50
20 Feb 2013 12:03 pm
Bounce attempt off of 20.75, but still unable to get above 22 and market stays
vulnerable unless that's exceeded/held
20 Feb 2013 12:06 pm
Needs a push to 22-22.50 and then hold 21.50 on dip to get upside going. Next
update in about 20 minutes or if
20 Feb 2013 12:24 pm
NOTE: Pullback held at 21.25 and turned up, this needs to stay over 22 at worst,
the resistance at 24-24.50 should be hard to get through
20 Feb 2013 12:45 pm
Well I said pullback should hold 22 "at worst" so would have been stopped out if
long. The ES has resistance 24-24.50 can still be tested
20 Feb 2013 12:47 pm
But should be hard to push above and hold. That would be transition area from
the early down up down pattern breaking from there
20 Feb 2013 12:54 pm
Must bounce from 21.50 or go back to test the low or lower. Expect next pop-up
to be sold into, setting up a better odds (for now) short
20 Feb 2013 01:06 pm
So a battle between 21.60 and 23.50 and staying under 23.50 on last bounce
getting shorting opportunity, a breakup 21.50 needed for
20 Feb 2013 01:08 pm
A breakdown attempt, or at least they push down to 20.50 and then turn right
back up.
20 Feb 2013 01:12 pm
Now 20.50 must give a bounce but it will fail if week or snap back if backed
over 21.8 able to hold
20 Feb 2013 01:21 pm
Pop over 21.50 and held that on a dip and pop to 22.50, another push higher will
be sold into if they stall around 23.50-24.50 zone
20 Feb 2013 01:30 pm
The move ran out of gas at 23, this is just a bit under 60 EMA and rejected 2
times. 21.50 needs to hold to have another bounce attempt,
20 Feb 2013 01:32 pm
That would have a chance to stick. Right now it doesn't look like we get much
upside, that Danforth between 23 and 20
20 Feb 2013 01:39 pm
The pressure should be on to test 20 or maybe down to 18.50 area if this holds
under 21.50. If 21.50 exceeded/held pressure off
20 Feb 2013 01:44 pm
20.75 looking to be key support as it was held above after turning up from the
low, and tested two times since and held
20 Feb 2013 01:46 pm
So that is important to stay above, top of the range is 22.50-23.50. Need a push
above that and stick or this continues back and forth
20 Feb 2013 01:47 pm
Fed minutes and about 15 minutes, so beware of right/hold of those trading
range,
20 Feb 2013 02:02 pm
Bounce resistance at 20.50, needs to be cleared/held. 18.50 key support and 15
area if broken
20 Feb 2013 02:04 pm
Could get a bounce from 18.50 area on short covering the resistance 20.50-21 key
on bounce attempt
20 Feb 2013 02:08 pm
Market wants to be bought again at lower levels but should hold 21.50 if going
to try for 23-24 resistance area
20 Feb 2013 02:14 pm
The run up from 18.50 support stopped at 23.25 and should see selling if that
area is reached again. Another test of 18.15 should hold
20 Feb 2013 02:18 pm
20 should be key level in meets held or 18.50 would be tested/broken, should
hold but eager sellers just above 23-24 zone
20 Feb 2013 02:26 pm
Test the low at 19.25 needs to bounce with a gusto or new lows ahead, 22 minor
resistance and 23.50-24 resistance
20 Feb 2013 02:31 pm
double bottom possible, but bounce shouldn't stick, personally have been waiting
on bounces to stall to get on short side. 22 for small R
20 Feb 2013 02:38 pm
The bounce stopped at 21.25, and back to the low area for a third time and now
21.50-22 area likely key on top
20 Feb 2013 02:42 pm
The NQ has gone with the ES and it has a high at resistance and low at the same
minor support area as the ES, if both broken and not
20 Feb 2013 02:43 pm
Quickly reverse than market can press lower towards 15.50-15 area but likely
hold that area
20 Feb 2013 02:47 pm
They can bounce but likely not going to stick if they do. Would need to get over
21.50 area and not pull back. Could be choppy trend down
20 Feb 2013 02:47 pm
To the 1515 area
20 Feb 2013 02:48 pm
In any case another bounce that stalls out should be sold as this should work
lower
20 Feb 2013 02:51 pm
1515.00 should hold and he gives some sort of bounce possibly back towards 19.50
or this can drift lower still
20 Feb 2013 03:02 pm
1515 taken out easily, 15.50 is resistance that needs clear/held in the last
hour to avoid mini meltdown towards 12 or even 1508
20 Feb 2013 03:05 pm
12 area reached, Could be a bounce but dangerous under 1515 area. Bounce won't
stick
20 Feb 2013 03:06 pm
That trend down resistance currently at 14-14.50 and dropping with prices
20 Feb 2013 03:21 pm
Could rally/bounce but this stays vulnerable unless 14.25-15.00 pivotal area
cleared/held
20 Feb 2013 03:25 pm
That 1515 area should be important in the last 30 minutes. The market stays in a
strong downtrend unless cleared/held
20 Feb 2013 03:26 pm
And this could grind lower until the last five minutes of trading if it does
like yesterday but just opposite direction
20 Feb 2013 03:30 pm
1508.50-1508 is the next area, if another push down takes out 1510.50 low. That
was a breakout area early last week
20 Feb 2013 03:32 pm
VIX up 17%. Have a good rest of your day, I will see you in the morning there is
a bunch of Econ data tomorrow
Tuesday-February 19, 2013
(time stamps are EST)
19 Feb 2013 09:29 am
Good morning. The ES was down to 1515 at the last swing low, if retested their
should be buying command or market changing
19 Feb 2013 09:33 am
Should be sold into, but no decent breakdown unless 18.50 area not held
19 Feb 2013 09:39 am
Resistance sold, NQ easier trade so far. ES needs to break 20 cannot turn right
back up, 2768 area On NQ
19 Feb 2013 09:48 am
Decent bounce from 20.00 to resistance and should punch through. Needs to stay
above 20, NQ over its low, to avoid breaking up trend.
19 Feb 2013 09:52 am
26-27 areas should be sold into is reached. 23.25-22.50 area needs to give good
bounce to keep upside going strong
19 Feb 2013 10:00 am
Tiny double top, 23.25 22.50 still a key area to bounce from otherwise failing
19 Feb 2013 10:05 am
Failed to clear 25 on three pushes higher, if 23.25 broken and a high could be
in to at least test 22-21.50.
19 Feb 2013 10:09 am
23.25 gave tiny bounce but pressure on under 24.50 at the moment down to the 22
breakout area or just above
19 Feb 2013 10:19 am
Pullback held at 22.50, 2 ticks above 22 breakout level. Now this bounce must
take out 24 and hold, if it can not than 22-21.50 could be tested
19 Feb 2013 10:29 am
A push through 24.75 can get them to 26-27, if a pop up stalls that could give a
quick reversal of about 2 ES points, or start something bigger
19 Feb 2013 10:31 am
If it is not pushed through, 23.75 needs a bounce or chances are they high is in
for a bat
19 Feb 2013 10:34 am
23.75 gave a bounce up to 24.50 and sold up there again. Double top, more proof
if 23.75 broken.
19 Feb 2013 10:37 am
It's a short under the double top, but support at 22.50-22 area and that needs
to be broken/held to put pressure on for a bit
19 Feb 2013 10:42 am
In a 2 point range and need a break/hold over 24.75 or under 22.50 to get
directional move of some sort
19 Feb 2013 10:50 am
Token higher high was sold, obviously sellers above, so far buyers on the decent
pullbacks but this one must stay above 23 are breaking down
19 Feb 2013 10:52 am
And instead of dips being bought things change around and bounces become easier
shorts as they get sold into
19 Feb 2013 10:54 am
Must bounce from 22.75 with gusto, but not going to happen. If they bounce, a
move should stick over 24.25
19 Feb 2013 11:10 am
Just a small bounce back to 23.50 sold into, if goes to 22-21.50 on this move
that should be pivotal. If no reversal, could head towards 20 again
19 Feb 2013 11:13 am
A move above 23.75-24 area needed and then hold around 23.50 at lowest if
there's going to be bounce attempt, still vulnerable otherwise.
19 Feb 2013 11:23 am
23.50 area needs held on a pullback to keep up trend intact, should see another
failure around 25 but if not
19 Feb 2013 11:26 am
Should not go to 23.50 from up here or tiny uptrend breaks and new high of
around 26-27 would not be in the cards
19 Feb 2013 11:30 am
This will stay strong as long as 24 is held, just be on alert for potential turn
from 26-27 area if reached
19 Feb 2013 11:32 am
24.50-24.00 area needs to be bid right back up if they are going to see 26-27,
and not reverse
19 Feb 2013 11:38 am
24.50 was bid back up to test the top but back the way. The market gets sold at
a new high that stalls or rejected, bid back up lower levels
19 Feb 2013 11:40 am
So staying above 24.50-24 area needed if going to get bid up one more time. A
break of that area would put pressure on to sell a bounce
19 Feb 2013 12:00 pm
A bounce from 24.00 support tagged 26-27 zone and backing away, 25 area Should
hold if going to try for a bit higher before pulling back
19 Feb 2013 12:06 pm
26 sold and if no bounce again from 24-24.50, a deeper pullback occurs with
bounces being sold into. 22.50 area key support
19 Feb 2013 12:09 pm
The NQ is also turned away from resistance after barely holding over after the
first push up on that contract, 2768 area key there
19 Feb 2013 12:17 pm
So far 24 is holding, its also 2nd test of 20 EMA, 24 should be pivotal, like
22.50 double bottom
19 Feb 2013 12:29 pm
A bit of a lull after pulling back from 26 bottom of resistance zone to test 24
new support. A downturn from here could give decent pullback
19 Feb 2013 12:33 pm
As long as ES stays under 25 area and NQ under 2774.50 some selling pressure
should be on, but when downside stalls buyers should appear
19 Feb 2013 12:34 pm
Next update in around 20 minutes
19 Feb 2013 01:05 pm
The ES stayed above 24 and pushed above 25 and is holding at the moment, and
unless broken there can be another push into 26-27 then a dip
19 Feb 2013 01:14 pm
Buyers continue to back away up here, but pullback should be small and then
attempt breaking double top unless thanks changing
19 Feb 2013 01:16 pm
I might need to be away for a bit on a phone call sometime over the next 30
minutes, will try keeping it a short one. Just FYI
19 Feb 2013 01:38 pm
1526 was tagged and backed off again, the token higher highs on the moves up
making good scalps at least. Another test should be sold
19 Feb 2013 01:40 pm
On the other side of the coin, pullbacks have been finding buyers and should
hold around 25-24.75 early high area or is top-heavy
19 Feb 2013 01:58 pm
Beginning to break down with the NQ leading and it should find support around
2768 for it to avoid some trouble
19 Feb 2013 02:05 pm
test of 26.50-27 to be sold and come back down to 26.00-25.50 then try another
bounce attempt to keep grinding higher
19 Feb 2013 02:07 pm
We do have a trend day in gear, stays intact as long as 25 can hold. 24 area
would be worst case to keep upside from reversing
19 Feb 2013 02:10 pm
A pop above 27 sold into initially, if 26.50 area is held above on this move it
could note which a bit higher to 28 area, but not stick
19 Feb 2013 02:20 pm
pullbacks on the ES have been about 1 point on the consolidations and 1.75-2.25
pts on the pullbacks that have been holding new support, makes
19 Feb 2013 02:23 pm
The 25 level, where the ES based out going into 2 PM, should not be broken.
Market stays strong holding 26.50, 25.25 at very lowest
19 Feb 2013 02:25 pm
Just say one point dip and should see a token higher high, not accelerate
through that though
19 Feb 2013 02:42 pm
28 was poked above but not follow through especially if 27.75-27.50 is broken,
if so then 26 area which was prior highs keys support
19 Feb 2013 02:45 pm
There was pretty good selling in the Dow as it tested high from before noon,
this could come down towards 26.75-26.00 if just dip, not top
19 Feb 2013 02:50 pm
The ES has been trend up and so far 1.25 point pullback, to stay in the strong
uptrend 27 needs held. If not then 26 area key, high could be in
19 Feb 2013 03:00 pm
The ES held above 26 so far getting to 26.50, shouldn't go much lower if the
dynamics are going to stay bullish.
19 Feb 2013 03:02 pm
28 needs to be watched for potential double top if ES can stay over 26, push it
above 27.25
19 Feb 2013 03:10 pm
57.25 cleared barely, could be double top but market doesn't begin to get
top-heavy unless 26 broken, or there is one more pop up, reverse
19 Feb 2013 03:25 pm
lowe of the day made in the first 5 minutes and trend up day, could make the
high in the final 5 minutes of stock trading unless 26 broken
19 Feb 2013 03:26 pm
Feel like buyers getting antsy being alone up here, would expect some pullback
before trying to charge higher
19 Feb 2013 03:33 pm
The small double bottom at 26.50 along with 2.25 point pullback equaling 26,
that zone must hold end of day or things changing and bounce will fail
19 Feb 2013 03:36 pm
So far 26.00 pullback low, 25 and then 24 where the prior low areas on the way
up and would need to act as support especially 26 to avoid
19 Feb 2013 03:38 pm
Breaking down and getting a lae day selloff. 57.75-57.25 is bounced resistance
that needs clear/held
19 Feb 2013 03:39 pm
It will need to come from around 26 and not much lower at all. Otherwise any
bounce should be sold into
19 Feb 2013 03:40 pm
Have a good rest of your day, I will catch you tomorrow morning shortly after
the open
19 Feb 2013 03:55 pm
Made it back to test the high, if 27.50-27 can hold a late pullback they could
punch up through 28 for end of day squeeze towards 32 area next.
Friday-February 15, 2013
(time stamps are EST)
15 Feb 2013 09:28 am
Good morning. This is the last day before holiday weekend, so after consumer
sentiment it should be up all day
15 Feb 2013 09:30 am
Not "up all by" but dull day
15 Feb 2013 09:33 am
Not able to hold over 20 yet another move over needs to hold, not turn right
back down again
15 Feb 2013 09:46 am
20.50-21 needs cleared/held to avoid a top up here. number at 9:55 AM. 18-17.50
sheet on bottom, pivotal on Globex
15 Feb 2013 09:47 am
Right now double top at yesterdays high in this morning on Globex just before
stocks opening
15 Feb 2013 09:54 am
Number in two minutes, has not been able to hold 20, needs to get over and stay.
18-17.50 the pivotal support on drop
15 Feb 2013 09:57 am
Number a good, pop can continue but buyers should back off and wait for a
pullback so wouldn't chase
15 Feb 2013 10:02 am
Buying came in on dip to 19.50, bounced to 21.50 so far, just under resistance,
pullback needs to bounce from 20 area
15 Feb 2013 10:07 am
To keep grinding higher and avoid potential reversal 21-20.50 area needs held on
a dip.
15 Feb 2013 10:08 am
Stalled at 21.75 for 3 minutes after a steady run-up, 20.50 is pivotal. If
broken than a bounce after should fail
15 Feb 2013 10:11 am
20.50 was tagged and turn right back up. Need to get above 21.50 and stick, not
back away, or could get toppy
15 Feb 2013 10:12 am
Look for the pop-ups to be sold into, and if 20.50 broken odds batter that a
high maybe in for the morning
15 Feb 2013 10:16 am
Shouldn't have come down here a second time, needs a break/hold over 21.50 to
avoid top and move down to at least 19.50
15 Feb 2013 10:20 am
Area on first push down. 20 reached so far. If another bounce towards 21-21.50,
coincides with 14,000 on Dow cash again, likely sold again
15 Feb 2013 10:23 am
19.50 was reached, that needs to hold to get another bounce attempt towards
21-21.50, a short still
15 Feb 2013 10:30 am
19.50 target/support still holding, bounce stopping just under 21 resistance.
That needs pushed above/held or downside gets going
15 Feb 2013 10:31 am
Should go down to test 18-17.50 area which should be key from action earlier on
Globex
15 Feb 2013 10:32 am
If no sign of a bounce at that support them down to 15.50
15 Feb 2013 10:35 am
19.50-20.50 zone should be sold into if reached for market to stay weak and go
for 18 or lower
15 Feb 2013 10:51 am
ES just missed 18.00-17.50 zone, pop up to 20.25 sold, but looks like 19 needs
to break under again to put pressure on
15 Feb 2013 11:00 am
19.25 was held for about 7 minutes and trying to push higher, a pullback can
come from around 21.75 high, 22-22.50 resistance zone
15 Feb 2013 11:01 am
That area should be sold into, but needs to bounce from 20 or that 21 can be a
bounce high
15 Feb 2013 11:13 am
Holding over 20 keeping the market from breaking, not much upside before selling
comes in again
15 Feb 2013 11:20 am
3.50 point range for the ES so far this morning, 8.50 on the NQ. Ridiculous,
should widen out and if 21 not exceeded it vulnerable
15 Feb 2013 11:30 am
Another bounce should be sold, the Dow kind of leading the ES this morning, at
least has a cleaner pattern
15 Feb 2013 11:31 am
Just a heads-up, I will be away today from around 12:15 PM until around 1:15 PM.
15 Feb 2013 11:35 am
Almost everything pointing to an imminent top, if one not in already. I may make
a list in the update going out on Monday if holds together
15 Feb 2013 11:42 am
Staying under 18.50 keeps the pressure on and the trend down as this finally
breaking lower and 15.50-14.50 the major area to end the week
15 Feb 2013 12:08 pm
18.50 was sold on a bounce and pressure stays on as long as that's not taken
out, 15.50-14.50 insight
15 Feb 2013 12:17 pm
15.50 reached, they break/hold under the 15.50-14.50 area could finally give a
bit of panic selling. 1.50-2.00 point bounce is resistance
15 Feb 2013 12:21 pm
Still just a 6.50 point range, if this is able to bounce back to 17 and
stall/rejected, another push down should break 15
15 Feb 2013 12:29 pm
tiny double bottom at 15.25 support area, not a lot of gusto but being defended.
Watch 17 for resistance.If cleared 18-18.50 important again
15 Feb 2013 12:30 pm
I will be back around 1:15 PM. If able to update I will do so but cannot
promise.
15 Feb 2013 01:15 pm
There was a small double bottom made at 15.25 before turning back up. This 18
area on ES 2768 on NQ look key, pullback should hold if exceeded
15 Feb 2013 01:17 pm
It looks like a hold over 17 keeps this and rally mode, they break out that
would turn it down. 17.75 small support should hold to go higher
15 Feb 2013 01:19 pm
The selling should come in on a move back towards 20-21 area, but that will take
a bit of work to get there, just under resistance
15 Feb 2013 01:22 pm
That is probably it for the bounce, another little bounce up is a short but
especially the NQ
15 Feb 2013 01:27 pm
17 was pullback low before the push up to 18.50, a break and hold under that
needed to break down towards 15 again. 17.75 bounce resistance
15 Feb 2013 01:34 pm
There was just a small reaction after touching 17.75 the first time, pop right
back up from 17.75. 17 now key support on pullback.
15 Feb 2013 01:36 pm
18 area should hold on a dip from 18.75 to continue higher, otherwise chopping
and range above 17
15 Feb 2013 01:55 pm
18 held and a push up to 19.25 so far, now 18 needs to hold or a deeper
pullback. Otherwise 20-21 possible
15 Feb 2013 02:02 pm
19.25 is the bottom of the opening range, was also where some selling came in
after turned down from 21. Needs exceeded/held
15 Feb 2013 02:06 pm
17 needs to get a bounce, 19.25 obviously some important resistance if they get
there again. 17 breaks, 15.50 possible after some bounce attempt
15 Feb 2013 02:08 pm
Don't pick a bottom here, not crazy about long side but needs to stall or turn
up before even considering long side
15 Feb 2013 02:18 pm
If no bounce from 15, then down to the 12.50 area or not but lower. 16 needs
cleared/held on pullback
15 Feb 2013 02:27 pm
1512 area should give a bounce attempt unless the market is going to really hit
the skids end of day and though for 1508. 1515 key above
15 Feb 2013 02:31 pm
12-11.50 held so far, ES needs to get back above 1515 and hold that level on a
dip to attempt getting out of trouble. 13.50 small R
15 Feb 2013 02:40 pm
ES bounced back to 14.25, just under a prior bounce high, the ES is holding
12-11.50 support and can be the fourth double bottom/top if 15
15 Feb 2013 02:42 pm
Is pushed above, and then turns back up after just a small dip.
15 Feb 2013 02:49 pm
Double bottom attempt, but Pressure stays on under 1512.75-1513.25 area
potentially down to test 1508.50-1508
15 Feb 2013 02:51 pm
If 11.25 holds, we will have second double bottom meet, also had two double tops
made today. Needs to push above 1514.50-1515.50
15 Feb 2013 02:54 pm
If its going to dig itself out of this hole and avoid bearish chart pattern.
Reversal on the VIX also red flag
15 Feb 2013 03:03 pm
Market catching a bid at 3 PM, ES needs to keep on pushing through 14.50-15.50
area. That would get it above 14.25 prior high and could
15 Feb 2013 03:05 pm
also creates some short covering. 11.50-11.25 double bottom they must hold area
end of day
15 Feb 2013 03:07 pm
Staying under 14.25 still, this needs to turn up from around 12.25 or higher and
go through 14.25 with some gusto, or will be sold again
15 Feb 2013 03:17 pm
Attempting to break out on the upside, they move over 14.25 needs to keep going,
not be reversed again
15 Feb 2013 03:21 pm
1515 area showing up all over the charts as a pivotal area, from weekly chart to
5 minute chart. Better odds of a top if that's not cleared
15 Feb 2013 03:22 pm
Just pushed to 14.25, so should be making an attempt to get back above 15. 13.50
should hold to stay strong and have a chance
15 Feb 2013 03:27 pm
1515 reached as if it was a magnet pulling the prices up there, if 13.50 holds,
could get another push higher, if not then 15 just turns
15 Feb 2013 03:28 pm
into a resistance area on Monday/Tuesday. Have a nice 3 day weekend. Catch you
Tuesday morning
Thursday-February 14, 2013
(time stamps are EST)
14 Feb 2013 09:30 am
Selling rallies better odds, but this should be bought from a bit lower for a
snapback might want to pass
14 Feb 2013 09:37 am
12.50 should hold on a dip to get a move up to 14.50-15.50
14 Feb 2013 09:40 am
14.50 just missed so far, 13-12.50 needs to hold on a dip to avoid potential
bounce high in place
14 Feb 2013 09:44 am
1450 sold, but 13.00-12.50 will need to hold and get a good bounce are rolling
over
14 Feb 2013 09:52 am
A bounce from from 13 support up to 15 so far, 16.50 next resistance and could
be reversal
14 Feb 2013 09:55 am
Stalled out and should come down to 14.50 or a bit lower, would need to snap
back or follow NQ on down
14 Feb 2013 09:59 am
That should be it on the upside for a bit, if not and there is another push
higher it will be sold. A break/hold under 13 pressure on
14 Feb 2013 10:04 am
Better bounce than expected, but token higher high sold. Stair stepping higher
so 13.50-13.00 key to holding this up
14 Feb 2013 10:14 am
Good selling 3 times at 15.50-16.00 area, that needs pushed through and about
two minutes or will break 13.50-13
14 Feb 2013 10:18 am
ES made it back to the 15.50-16.00 area in 2 minutes but didn't break yet, good
bid at 14.25 in that area key on dip
14 Feb 2013 10:24 am
That might be it if no bounce from 14.50, if there is and they go over 1516.50,
they move down through 1516 likely brings more selling
14 Feb 2013 10:28 am
Bounce from 14.75 while the NQ got a bit of a pop higher. Higher highs and
higher lows stair stepping up, 14.50 support
14 Feb 2013 10:37 am
The NQ could be a triple top, ES in a good uptrend, but begins to break if
pullback is more than 1.50-2.00 pts
14 Feb 2013 10:40 am
15.50-15 area would be pivotal support on a pullback. 18.50. In the cards unless
broken. Next update in about 15 minutes
14 Feb 2013 10:54 am
17.50 needs to hold up here or go to test 16.50 before bouncing back.
14 Feb 2013 10:59 am
If they continue down and test 17-16.50, would need to get turned right back up
if going back to the high or higher
14 Feb 2013 11:04 am
The trend move barely broke 18.50 and backed off, but not much. Will be breaking
if 17-16.50 area not held on another dip.
14 Feb 2013 11:11 am
Must bounce from 16.50 area or dynamics changing, and bounce that follows should
be sold into. 15.50 small support under 16.50
14 Feb 2013 11:18 am
16.50 touched and small upturn, not much gusto, not addresses buyers up here, a
pop a short under 18.50 resistance
14 Feb 2013 11:27 am
16.50 was broken by 1 tick and turned up, that should be important to hold,
15.50 and possibly 14.75-14.25 support is broken. Break/hold
14 Feb 2013 11:31 am
if high not in, a break/hold 17.50-18.00 zone needed to get another pop up,
19.50 resistance than
14 Feb 2013 11:37 am
Tricky up here, but sellers just above that market not liking it here,
vulnerable unless 17.50 exceeded/held
14 Feb 2013 11:38 am
2769-2770 on NQ kind of a 1-2-3 type top also. 2765 area pullback support there
that needs to hold/give bounce
14 Feb 2013 11:48 am
If the ES can get about 16.50 and hold on a pullback than a bounce could get
going from here, otherwise continue drifting lower to 15-14
14 Feb 2013 11:55 am
16.50-16.25 needs to hold on a dip in turn up with some gusto to get up side
going, avoid reversal towards 15.15-14.50
14 Feb 2013 11:59 am
17.25-17.50 resistance on those move
14 Feb 2013 12:05 pm
This is really going nowhere, looks like needs more pullback before buyers come
in. If 16.50 not reversed up, lunch time pullback
14 Feb 2013 12:07 pm
For now keep an eye on the 16.50 area, that needs to hold or buyers will back
off for a deeper pullback. 17.50 resistance on a pop.
14 Feb 2013 12:15 pm
17.25 was reached, so far held at 16.75, if 17.50 broken then 16.75 the key
pullback support to hold. 18-18.50 still resistance to get through
14 Feb 2013 12:18 pm
They hold over the 17 level needed now to keep this going, if this gets to 18.50
and is rejected, 17 than pullback target.
14 Feb 2013 12:20 pm
17 area needs to get a bounce, but need a move through 18.50 with some gusto, or
else double top.
14 Feb 2013 12:23 pm
Pullback to 17.25 was bid back up, that is the pivotal support, needs held to
continue higher, but things may change if broken
14 Feb 2013 12:30 pm
Pullback held 17 and turned up, but 18 has been holding this back earlier and
again now, just broke 17 so bounce should fail
14 Feb 2013 12:36 pm
I need a 15 minute break, of note that ES and the Dow cash have almost identical
patterns, until just now. ES 1 pt higher. NQ needs downturn
14 Feb 2013 12:55 pm
The Dow trading sideways for the NQ is still stair stepping higher.
2774.50-2775.50 fixed resistance there, coincides with 18.75-19.50 on ES
14 Feb 2013 12:59 pm
That was quick. This has been basically trend up so careful if you trying to
short resistance, all pullbacks meeting bid up and any
14 Feb 2013 01:01 pm
Any short should only be a quick scalp, market wants to go higher until buyers
back of. Acting like short covering also
14 Feb 2013 01:04 pm
Small reactions from 18.75-19.50 area on ES and just under 2774.50-2775.50 on
NQ. As long as 18 area holds, still strong
14 Feb 2013 01:12 pm
18 area held
14 Feb 2013 01:14 pm
And the pop-up showed rejection just under 1520, and that resistance on the NQ.
Those now could be sold on test that stalls or rejected
14 Feb 2013 01:22 pm
18 held on the pullback, was sold on a bounce to 19. The NQ coming off from
fixed resistance, breaks of 18 and 2771 m high and for a while
14 Feb 2013 01:33 pm
18.50 could be pivotal on this bounce, if rejected we get another pullback. If
exceeded, 19.50 key area on top
14 Feb 2013 01:51 pm
18.50 was touched on this slow move up, and could be a bounce high from 17. If
18.50 exceeded look for test of 19.50-20 and then pullback
14 Feb 2013 02:01 pm
There has been selling into the pop-ups, but holding around 17, NQ looking worse
since topping, should be more downside
14 Feb 2013 02:06 pm
The ES caught a bid around 18 and popped up, not yet sold into. Should go up and
test highs before coming back down again
14 Feb 2013 02:14 pm
As long as 18.50 area holds on the pullback from up here, this can continue.
20.50 small resistance, 22-23 strong above
14 Feb 2013 02:20 pm
There will need to be a quick turn back up from the 19-18.50 area, probably at
the lowest, to get another push higher otherwise a high
14 Feb 2013 02:21 pm
Could be in place for a while. But a better pullback that stalls out should
still bring a bounce.
14 Feb 2013 02:33 pm
Selling just under 1520, NQ really has a lot of trouble since reaching 2775 and
better short it appears. 18.50 still support needs held
14 Feb 2013 02:36 pm
There has been pretty good selling just under 1520 on the ES, 2773 area on NQ
well offered, if market strong it must push through those
14 Feb 2013 02:41 pm
ES just missed 20.50 resistance and back away, NQ reached 2775 resistance and
back away. Unless broken/held, market vulnerable
14 Feb 2013 02:48 pm
18.50 reached and needs to get above 19.25, then stay over 18.75 on a dip to
attempt bounce
14 Feb 2013 02:53 pm
If there's going to be another run-up it needs to begin from this area soon.
Otherwise uptrend in danger if 18.50 area not held
14 Feb 2013 02:57 pm
A small bounce started on cue, it should be sold into so careful overstaying
long position, especially NQ. Next update in about 10 minutes
14 Feb 2013 03:07 pm
The ES was sold from just under 1520 again, unless that is taken out/held there
will not be a test of 22. A move under 18.50 will need
14 Feb 2013 03:08 pm
Quickly turned right back up, same with 2769 on the NQ, to avoid breaking down
14 Feb 2013 03:14 pm
ES and NQ both bid up from support, should see some selling into new high. But
market has been bullish all day, stays that way over 18.50
14 Feb 2013 03:16 pm
Double top should be pushed through as long as pullback holds 19.50-19.25. Even
then, no damage unless 18.50 broken
14 Feb 2013 03:26 pm
Pullback to 19.25 was bid back up, 1520 area rejected several times, NQ
2773-2775 zone, they hold up 19.25 and push through 20/hold could
14 Feb 2013 03:30 pm
Get a bit of a squeeze higher, maybe get to 21 area.
14 Feb 2013 03:32 pm
Have a good rest of your day, I will see you tomorrow shortly after stocks open.
Take care
14 Feb 2013 03:46 pm
They barely broke 18.50 but the selloff from just under 21 pretty convincing
that sellers above and a bounce will be sold into end of day
14 Feb 2013 03:47 pm
Watch 19.50-20.00 for good resistance if reached again and stalls or shows
rejection. Catch you tomorrow
Wednesday-February 13, 2013
(time stamps are EST)
13 Feb 2013 09:29 am
Pullback will need to bounce from 18-17 at the lowest to keep a decent pattern.
Otherwise Bounces sold I will sold into. Update in 15 minutes
13 Feb 2013 09:43 am
A bounce from 18.25 up to 21.00 so far, needs to stay over 20-19.15 or top be in
for a bit
13 Feb 2013 09:50 am
Must bounce from here but even so it shouldn't stick, 19.50 resistance
13 Feb 2013 09:54 am
1517.25 was resistance and transition area if broken and not able to turn right
back up. 19.50R
13 Feb 2013 10:00 am
19.50 was pushed through, 19.25 needs to hold on pullback
13 Feb 2013 10:03 am
Just missed 22-23 area that should be strong resistance, 19.50 needs a bid right
back up or high may be in for now
13 Feb 2013 10:09 am
19.50 holding but should be good offer of both, If a move under 19.50 would need
to be quickly reversed back up with gusto
13 Feb 2013 10:12 am
Just missed 22 by 1 tick so far, 20.50 needs held or may not poke up again
13 Feb 2013 10:21 am
21.75 high so far is just 1 tick under 22-23 area, bid back up after 1.50 point
dip. Holding 20 needed to avoid reversal
13 Feb 2013 10:24 am
22 sold, should be hard to get through 22-23 and stay up there, but reversal
doesn't occur unless 20.50-19.50 doesn't hold on drop
13 Feb 2013 10:30 am
20.50 would be another 1.50 point dip and 19.50 pivotal level from around 10 AM,
must hold some to attempt another push higher
13 Feb 2013 10:33 am
Today the Dow is the weak average, down on the day while the NQ very strong up
18 points. ES stuck between. 20.25 needs held
13 Feb 2013 10:38 am
1522 resistance should be a top, or at least sold on a retest but 1520 needs
held or may not get there again
13 Feb 2013 10:44 am
The NQ is strong, up 19.50 points right now, the Dow just the opposite, Dow cash
down 14 and just above 14,000, again. 1520 must hold or
13 Feb 2013 10:45 am
Should drop down to at least test 18 area
13 Feb 2013 10:50 am
If there is a bounce before getting to 1518.50-1518 it should come down from
20-20.50 or lower.
13 Feb 2013 10:54 am
18.25 reached so far, pressure stays on unless 19.50-20 is pushed above/held on
a bounce. Just counter trend move otherwise
13 Feb 2013 11:00 am
A bounce from 18.25 target/support to 19.50-20 and should be key area to stay
below if going lower again
13 Feb 2013 11:11 am
Trying to hold the 18.25 support, a move back above 19.50-20 needed, and not
turn right back down. Odds are they will back off on bounce
13 Feb 2013 11:15 am
19.50 sold, need to get above that level on the ES and 2779 on NQ to attempt
breaking down trend and going lower
13 Feb 2013 11:17 am
The low just one point below this support, 16-15 key area if that's broken
13 Feb 2013 11:18 am
The market is not going to snap right back and rally to another new high today
by the way this is acting, short-term top likely 1 day late
13 Feb 2013 11:21 am
16.25 reached on this drop so far A snapback bounce off of support should have
good resistance around 18-18.50
13 Feb 2013 11:28 am
Bounce attempt from 1515.25. 12.50-12 small support could be next, 17 area
bounce resistance
13 Feb 2013 11:35 am
Not much buying interest from down here yet. 17 area still resistance. If
cleared 18.25 area should be sold
13 Feb 2013 11:39 am
16.50 was sold and should get another pushed down towards the 12 area,
13 Feb 2013 11:52 am
The market has come in with good buying on pullbacks lately, but this bounce
from a key area is very weak. any decent bounce a short
13 Feb 2013 12:03 pm
ES held 15.25 then 14.75 then 15.00, 16.50 tested third time, they move up to 18
area if 16.50 exceeded/holds, 2767 NQ
13 Feb 2013 12:10 pm
They should be able to touch 17.25 and possibly get to 18-18.58 area As long as
16.50 area holds
13 Feb 2013 12:12 pm
16 area should be good support during afternoon bounce attempt. If broken, back
to 15 area. If 18-18.50 reached, likely sold, 15 min break
13 Feb 2013 12:36 pm
The ES is stuck under 1517, but still catching a bid at 16 and if held could
push through and go for 18-18.50
13 Feb 2013 12:39 pm
16 was given for support for lunch time bounce attempt in the getting that but
should be ready to pull back a bit from 18-18.50
13 Feb 2013 12:51 pm
The ES made it to the 1518-1518.50 Resistance/target for this bounce, so far
just a small reaction but break/hold under 17.25 turns it down
13 Feb 2013 12:56 pm
17 turning into a potential transition area.Rolls over if broken and not turn
right back up.But no damage unless that occurs, 18.50 possible
13 Feb 2013 01:03 pm
Fullback broke 17 this bounce should fail at/under 18-18.50 and head back
towards 16 or lower if still in a weak position
13 Feb 2013 01:12 pm
Pop up to 17.75 was sold, that area up to as high as 18.50 is about as far as a
bounce should go if market changing character up here
13 Feb 2013 01:13 pm
This needs to bounce from 16.50 on this pullback but if no sign that then
continue back towards 1515
13 Feb 2013 01:34 pm
Able to get up to 18.25 so far, for now buyers in charge as long as they don't
break 17.25, in which case a bounce after likely sold
13 Feb 2013 01:34 pm
Able to get up to 18.25 so far, for now buyers in charge as long as they don't
break 17.25, in which case a bounce after likely sold
13 Feb 2013 01:36 pm
Likely depends on how the NQ acts up here, the Dow has stalled out and turned
down a bit, NQ being bid up right now
13 Feb 2013 01:41 pm
ES should get another pop-up above 18 soon if its going to make another run up.
If 18.50 broken the next level is 19.50
13 Feb 2013 01:44 pm
Watch that NQ still, with it going up it should help the ES at least hold
together. If it rolls over from 2775, could be some pressure on.
13 Feb 2013 01:48 pm
If this is going to continue higher it should get another push from 17.75-17.50
or above on ES also stay over 2774-73 on NQ. 16.75 key S
13 Feb 2013 01:51 pm
19.50-20.00 would be next. NQ losing steam so 17.75 area needs held on the ES
13 Feb 2013 01:55 pm
No run-up to the 19.50 area as the ES backed away from 18.50 resistance while NQ
turn down from 2775, pullback must stay above 17.50-16.75
13 Feb 2013 01:57 pm
At the lowest to keep from potential rollover. 16-15 should hold if they drop,
leave a double bottom there
13 Feb 2013 02:07 pm
17.50 just missed, must hold and get over 18.50 soon, otherwise rolling over to
at least test 17-16.75
13 Feb 2013 02:11 pm
Market is breaking, there could be a bounce but should be sold into,
1515.50-1514.50 should be in the cards staying under 17.75
13 Feb 2013 02:19 pm
If a bounce back to 17.25-17.75 area to stall out then should get another
pullback. Near 2773 on NQ. Headed for 15-14.50 at least
13 Feb 2013 02:23 pm
ES has made highs and lows at good resistance and support all day from 22 down
to 15.50-14.50, up to 18-18.50, this should go a little lower
13 Feb 2013 02:25 pm
An attempt double bottom, if no bounce from 15.25-14.50 area, could just
continue lower courts 1512
13 Feb 2013 02:32 pm
ES matched its 14.75 early low and turned up, but if cannot get above 16.50 and
hold on any dip this can make another push lower
13 Feb 2013 02:35 pm
Look for 1512.50-1511.50 for next support, 16 trend resistance at the moment
13 Feb 2013 02:41 pm
Downside stalling around the 2:40 PM timeframe, if going to go down one more
time to test 12-11.50, need to stay under 15
13 Feb 2013 02:44 pm
Market looking tired and not going to make a strong comeback, but this about to
break 15, should take some pressure off
13 Feb 2013 02:49 pm
Poke up to 15.25 sold into, 12.50-11.50 could be seen staying under 15.50 now
13 Feb 2013 02:52 pm
Certainly no quick bid on the upside with some gusto like most other pullbacks,
still feel this can get to 12.50-11.50
13 Feb 2013 03:02 pm
ES held 2 ticks above key support, finally a decent bid back up. 15-15.50 bounce
resistance, must hold 13.75 at lowest to get up there
13 Feb 2013 03:07 pm
Held at 14 and now 15.00-15.50 should be pivotal and should not get out of
trouble if exceeded/held. Not rejected
13 Feb 2013 03:09 pm
There is still a chance for a drop down to test 1512.50-1511.50 as long as they
hold under 15, NQ under 2767
13 Feb 2013 03:14 pm
Churning just under 1515 pivotal area, a break of 14 could get downside going
again
13 Feb 2013 03:19 pm
Good bid at 14, bounce started 3 PM. If they get above 15-15.50, then
16.75-17.25 possible if a decent run up and can hold 15 area on dip, not
13 Feb 2013 03:20 pm
Pop over and turn right back down. Currently okay as long as 14 holds
13 Feb 2013 03:20 pm
14.50
13 Feb 2013 03:21 pm
15-14.50 should hold on a pullback from 16.75 area if reached and rejected
13 Feb 2013 03:23 pm
It took a while but finally some buying with a bit of gusto. expect a bit of
pull back, but should hold 15-14.50 at worst to keep new uptrend
13 Feb 2013 03:26 pm
16.75-17.25 probably shouldn't be exceeded/held unless the market still in
strong position. 15 area key support end of day
13 Feb 2013 03:28 pm
They hold under 15 would put pressure on. Have a good rest of your day, I will
see you tomorrow shortly after the open.
Tuesday-February 12, 2013
(time stamps are EST)
12 Feb 2013 09:28 am
Good morning, With yesterday's tiny range nothing missed on updates unless
scalping. today key I believe, after yesterdays tiny range
12 Feb 2013 09:28 am
such a tiny range yesterday that having just a 10 point range would appear
large. 1508 tested overnight, should be important areashort-term
12 Feb 2013 09:36 am
1515 just missed and sold, still topy and breaking 13.25-12.50 would begin to
roll this over a bit. Especially a hold under 13. If 15 broken/held
12 Feb 2013 09:43 am
13.25 rejected and that should keep pressure on unless broken, 11.50 area next
must bounce their with gusto
12 Feb 2013 09:53 am
good buying on retest of 1512, can get a move above 15 if a bounce from above 13
has some gusto. If 13 broken, market getting toppy
12 Feb 2013 09:59 am
1515 rejected again, pull back to just above 13 needs to hold and NQ needs to
perk up to get a bit above1515, should be hard to stay above if cleared
12 Feb 2013 10:04 am
1513.25 pivotal this morning,hey break that on the ES and 2765 on the NQ then
things would turn back down.
12 Feb 2013 10:10 am
the Dow cash made it back to 14,000 and that level has been traded around when
reached the last time or 2. 1515.50 exceeded by just one tick
12 Feb 2013 10:12 am
14.50- area needs to hold and give a bounce for this to continue towards 1518,
or else could head back towards 13.25 pivotal area
12 Feb 2013 10:18 am
pullback held at 14.25 trend support area, if no new high on this move up and
1514.25 broken,stair step up broken and could should things
12 Feb 2013 10:20 am
1515.50 R area sold again, still no breakout over that zone not able to stick. A
move back under 1514.50 that not turned right back up
12 Feb 2013 10:26 am
a little squeeze taking out highs,the lowest this can and not make reversal
would be 14.50 area.
12 Feb 2013 10:29 am
trends reverse if the Dow cash goes back under 14,000-13,995 ES
breaks1514.50-1514.25, NQ breaks 2768
12 Feb 2013 10:31 am
should be a high-end place for a while, at least the next pop up should be a
easy shorting opportunity
12 Feb 2013 10:37 am
13.25 pivotal and a breakdown occurred, and they bounce should be sold into
12 Feb 2013 10:45 am
1513.25 pivotal level from earlier tested and giving a small bounce, should be
sold into around 15.00-15.50 especially if move stalls there
12 Feb 2013 10:46 am
little pop above 1515.50 only stayed above for about 1 minute before back under
15.50, bounce from 13.25 support to that area likely sold
12 Feb 2013 11:04 am
1515 area equal to 14,000 on the Dow cash. can bounce to 1515 cleared/held on a
dip. breakdown if 13.25 broken/not able to reverse
12 Feb 2013 11:16 am
another pop-up that could not stay above 1515.50, but came right back down.
There has been a pretty good bid on the dips, but better odds
12 Feb 2013 11:18 am
move happened a bit too soon, it looks like better odds selling strength as that
is not able to stick. A break under14 area should mean high
12 Feb 2013 11:23 am
so far just a 4.75 point range on the ES, 12.50 points on the NQ. NQ should stay
under 2765, 2767.50 strong resistance there. Would be 15.50
12 Feb 2013 11:24 am
shouldn't get that far, if a high is in then should begin breaking down and take
out 13.25
12 Feb 2013 11:30 am
the token lower low at 13.75 quickly bid back up. if going to break down, would
need a hold under 15 and a break of 13.25,
12 Feb 2013 11:33 am
Dow cash also crisscrossing 14,000 being sold a little above and bought a little
below. Probably should continue, 14.75-14.50 needs held
12 Feb 2013 11:39 am
1515.00-1514.50 area should hold to keep this in trading range. Should it pull
back any further or double top confirmed and test 13.75-13.25
12 Feb 2013 11:48 am
NQ spoke to a new low and ES touched 1504.50, another pop up should be sold into
that NQ especially the way it has acted
12 Feb 2013 11:57 am
very slow and then action similar to yesterday, so far a few bounce attempts
from 20 EMA on 5-minute chart and thats 1514 here
12 Feb 2013 12:00 pm
however, another pop up to 1516 area should be sold into if reached and stalls
out. If they get there and no sign of turning chance for 18
12 Feb 2013 12:05 pm
moves have been 3 points down, 2.50 points up, 2 points down, 2.25 points up,
2.00 points down, 1.50 up so far to 15.50. Unless cleared 13.50
12 Feb 2013 12:06 pm
bottom side of this range should get a test before another bounce attempt
12 Feb 2013 12:15 pm
lower high on this bounce so far, need to get over 15.75 and not turn right back
down again.
12 Feb 2013 12:24 pm
if they pull back to 1515.75-1515.25 area from this token higher high need to
use pop right back up, 1514 key area now
12 Feb 2013 12:33 pm
these pops above 1515.50 have been sold into, but break that level on the way
down, still a decent bid on pullbacks, unless 1515 not held
12 Feb 2013 12:35 pm
the furthest this should pull back to keep this nudging higher would be down to
1514.50, door still open to nudge higher unless that breaks,
12 Feb 2013 12:36 pm
if that level broken, and not bid right back up, trend changing
12 Feb 2013 12:37 pm
next update in about 15 minutes
12 Feb 2013 12:45 pm
a small pullback that holds 1516-1515.75 probably at the lowest should hold to
keep door open to get to 1518. Back in just a bit
12 Feb 2013 12:54 pm
almost to 1518, just missed by one tick so far. Need to stay above 16.50 area to
stay and strong uptrend, 1515 key area now if deeper dip
12 Feb 2013 01:04 pm
the ES has been holding support levels all the way up to the 1518 resistance so
far, they many mania and getting a bit parabolic intraday
12 Feb 2013 01:06 pm
so pullback needs to pulled around 17 on a dip to keep strong up trend, then
16-15.50 should be the major area to hold above.
12 Feb 2013 01:11 pm
this could turn into a decent top if 1517 is broken through and the NQ turns a
weak and breaks 2768 and not turn around. 18-18.50 important
12 Feb 2013 01:14 pm
if that is pushed above, and we get another move up with momentum to around
1522, that should be reversed and maybe pretty fast
12 Feb 2013 01:14 pm
I do have a hard time seeing this gunning through 1518 without coming back down,
stalled here quite a while
12 Feb 2013 01:22 pm
holding 17 keeps this and strong uptrend, 18-18.50 should be pushed through,
then hold 17.50 or 17 at worst to keep up trend
12 Feb 2013 01:26 pm
next target on upside would be around 1519.50-1520.50 zone if this stays above
1518-1517.75. Might get choppy if that's broken
12 Feb 2013 01:32 pm
this one from a choppy range into a trend to move since just after 12:30 EST.If
19.50-20.50 is going to be poked into a pullback should hold
12 Feb 2013 01:33 pm
1518 area first, biggest pullback without making top is around 17.25 now
12 Feb 2013 01:44 pm
very thin sideways action after touching 1518, if that's not held them down
towards 17.25. Major support now around 1516-1515.50
12 Feb 2013 01:53 pm
we have a top in place on the NQ for a move back towards 2763.50 on that
contract, 1517.25 last little swing low, room down to 16-15.50 if broken
12 Feb 2013 02:08 pm
the ES touched 1517 and turned up but to avoid a drop and try and move to the
upside 1518 needs exceeded and NQ get turned up
12 Feb 2013 02:17 pm
they can bounce here, but not expecting to stick, 1518 should be rejected if
going to be more downside
12 Feb 2013 02:25 pm
should head down to at least 1516-1515.50 area at lowest or we could have a
pretty decent pullback occur this afternoon
12 Feb 2013 02:48 pm
pullback held at 1516.25 so far, so avoiding decent pullback at the moment, but
if 16.25-15.50 area not held, along with 2763.50 on NQ, can
12 Feb 2013 02:49 pm
make another push lower towards the 14.75-13.50 area that were pullback lows
shortly before noon
12 Feb 2013 03:00 pm
this has gone sideways just above 1516.25 but needs to push over 17.50 to avoid
breakdown
12 Feb 2013 03:04 pm
this does not look like it's going to pop up but instead back down towards at
least around 1515.50 and maybe towards 1514. That can take the
12 Feb 2013 03:06 pm
Dow cash back towards 14,000 but still above that level unless they get to
around the 1513.25 area
12 Feb 2013 03:11 pm
1515.50 just missed so far, but it still looks like 1516.75-1517.25 should be
sold into on a bounce if market week
12 Feb 2013 03:17 pm
pop to 16.50 rejected, unless cleared next downside target would be at 1514.75,
and if that doesn't give a bounce then down towards 1513.75-1513.25.
12 Feb 2013 03:27 pm
1516.50 sold again but holding just above 15.50 is the top of the prior
1514.50-1515.50 Resistance.should break to end with downtrend
12 Feb 2013 03:34 pm
16.50 sold 3 times, if broken and not turn right back down but able to stay
above 16.50 area, then can rally back a bit.strong close doubtful
12 Feb 2013 03:36 pm
but a test of 17 could be in the cards and then come back down. But doubt 19 is
tested, sold if it gets there
12 Feb 2013 03:40 pm
15.50 area key on the close, going back under 1515 especially cold water on this
move move they've had ,
12 Feb 2013 03:40 pm
have a good rest of your day. I will see you tomorrow near the open
Thursday-February 07, 2013
(time stamps are EST)
07 Feb 2013 09:42 am
Good Morning Everybody! This is Julie, just reminding you that Mike will be away
for an appointment this morning. Hopes to be back around 12
07 Feb 2013 12:13 pm
A quick note, and then should be ready to go close to 12:45. The ES followed the
scenario from the nightly update, with bounce from 1505
07 Feb 2013 12:14 pm
and then failing at 1508 and then breaking down through 1505 started the drop to
1495 support. Bounce then stopped just under 1500
07 Feb 2013 12:14 pm
keeping pressure on and back down to 1494.50 support. Double bottom, but need to
break/hold over 1500 to attempt getting out trouble. IF that
07 Feb 2013 12:15 pm
Were to happen, 1502 area resistance. 1505-1505.50 would be key resistance. 1497
needs held or can retest/break lows and test 1491-1490 major S
07 Feb 2013 12:39 pm
The ES push over 1500, but will need to bounce from 1499.25 at the lowest it
appears or upside losing momentum
07 Feb 2013 12:48 pm
Running out of steam but unless much bounce from 1500 to have a shot at 1502,
1499 a key area on a break, must hold
07 Feb 2013 01:03 pm
1499 able to hold on the pullback so far, and that still looks to be key on this
move and could 98-97 if broken, maybe retest low
07 Feb 2013 01:10 pm
98-97.50 next on the downside as long as they hold under 1500 area, NQ is a bit
weaker could lead
07 Feb 2013 01:17 pm
The pullback went to 1498.75 and turned up, still need to get above 1500.50 and
get momentum, not pop over and come right back down
07 Feb 2013 01:27 pm
the ES still holding 1499 and NQ: 2724. If not held, would roll over again. 1502
resistance and 1505-1505.50 very key
07 Feb 2013 01:27 pm
Pullback should hold 1500.50 at the lowest on pullback from 1502 area
07 Feb 2013 01:37 pm
sold 1 tick under 1502 down to 1500.75, still 1500.50 needs held to attempt a
push higher, if broken then 1499 still in play as support
07 Feb 2013 01:42 pm
Looks like 1500.50 on ES and 2724 area on the NQ key- may not have huge upside
but no damage done unless those supports broken
07 Feb 2013 01:46 pm
They are making "falling wedges" patterns the last 2 pullbacks. So far 1499 and
then 1500.50 held in this uptrend, mouse support at 1501.50
07 Feb 2013 01:55 pm
If this can stay over 1502 it will continue creeping higher and could get to
1505-1505.50 and that is strong resistance it reached
07 Feb 2013 02:03 pm
Almost to the 1505-1505.50 area, a pullback needs to hold 1503.50-1503 to keep
good uptrend intact on pullback from resistance
07 Feb 2013 02:08 pm
1504.75 could be a bounce high if this doesn't turn up from 1503 with some
gusto, still should be hard to break
07 Feb 2013 02:11 pm
Support around 1502 and then more important around 1501-1500.50 that could give
a bounce, but shouldn't be able to push through 1505-1305.50
07 Feb 2013 02:15 pm
Bounce highs should be in just missing 1505-1505.50, needs to turn up from 1502
to have a chance to bounced towards 1504 area and fail
07 Feb 2013 02:27 pm
1502 reached on the ES while the NQ in a stronger downtrend, but if going to be
a bounce it has to come from this area
07 Feb 2013 02:35 pm
New downtrend under 1503.50 to test 1500 or lower
07 Feb 2013 02:50 pm
The pullback stop that 1500.50 and could revisit 1505-1505.50 but only if not
rejected at 1503.50
07 Feb 2013 03:01 pm
just a small pullback from 1503.50 held 1502.50 and on its way to 1505-1505.50
as long as 1503.50 area holds on a dip
07 Feb 2013 03:10 pm
Pullback poked under 1503.50 to just above 1502.50 and almost 2
resistance/target at 1505-1505.50, 1502.50 then 1500.50 key support
07 Feb 2013 03:24 pm
Should be some buyers at lower levels but not up here unless they push above
1505-1505.50
07 Feb 2013 03:35 pm
Well stay under pressure for just inside this zone unless 1505-1505.50 is
exceeded.
07 Feb 2013 03:40 pm
Getting some late short covering and should be bid back up as long as 1502 holds
on the bottom side. If 1505 area cleared, then 1508-1508.50
07 Feb 2013 03:43 pm
1505.50 rejected on first test, 1503.50 about as low as dip should go to push
higher
07 Feb 2013 03:43 pm
Have a good rest of your day I will catch you tomorrow morning
Wednesday-February 06, 2013
(time stamps are EST)
06 Feb 2013 09:28 am
I put in resistance numbers twice last night my apologies these are the support
numbers
06 Feb 2013 09:28 am
1505.50-1505.00 *minor 1502.75-1502.25 *strong 1498.75-1497.75 *very Strong
1495.00-1494.50 *major Wednesday
06 Feb 2013 09:31 am
If they get up to 1502 area thats first resistance now and should be hard to get
through and hold first try
06 Feb 2013 09:34 am
1501.75 rejected twice, 1500 needs a strong bounce or down to the 98.75-98 area
06 Feb 2013 09:36 am
1502 was hard to get over on the first test, if broken/held them up to 1503.50
area
06 Feb 2013 09:42 am
1503.50 reached, 1505-1505.50 would be next but pretty good sellers 1503.50 area
to get through
06 Feb 2013 09:47 am
1504 stop up, 1502.50-1502 needs to get a bounce to avoid a move back towards
1501 at least
06 Feb 2013 09:51 am
1501.00 was touched and turned right back up, so far a pretty good bid
1501-1500, but upside should have a hard time sticking
06 Feb 2013 09:54 am
If they don't fail at 1504 and run up to 1505-1505.50 should be rejected if the
market going to stay under some pressure today
06 Feb 2013 09:57 am
Pretty good bid around 1503 and can get to 1505-1505.50 as long as that's held
06 Feb 2013 09:59 am
1505-1505.50 just missed so far and need to stay above 1503.50-1503 if going to
get there
06 Feb 2013 10:02 am
1505 was touched and sold, still 1503.50-1503 area as support, must hold there
or uptrend break
06 Feb 2013 10:08 am
could bounce from 1502 area but 1505-1505.50 should be strong resistance, needs
clear and not turn right back down or still vulnerable
06 Feb 2013 10:12 am
Keep an eye on the NQ also as it needs to get back over 2750 area. 1502.50 last
pullback low key support now or stairstep higher broken
06 Feb 2013 10:16 am
A good bid at 1503.50 pushed ES back to 1505.00, that level must hold or spring
right back up or turned turns down with NQ
06 Feb 2013 10:19 am
Pullback to 1503.50, if no quick turnaround this goes back to or through 1502
area
06 Feb 2013 10:26 am
So for ES poked down to 1503.25 stall and back to 1505, pullback must stay above
1503.25 and around 2740.50 on NQ if going higher
06 Feb 2013 10:30 am
The NQ is the drag on the market after a double top, needs to get above 2746 to
take pressure off there. 1505.50 needs cleared on ES
06 Feb 2013 10:33 am
1505-1505.50 zone has been turned away 3 times, needs pushed above-just broke
with NQ breaking lower
06 Feb 2013 10:34 am
A bounce back to 1504-1504.50 good resistance on ES and 2740.50-2741.50 on NQ
06 Feb 2013 10:37 am
Rising wedge broken and a bounced retracement should be sold into at/under
breakdown area, around 1504 area
06 Feb 2013 10:49 am
1504 found some selling in shouldn't go much further than that if going back
down to 1502 or lower. NQ trying to base and double bottom. Must hold 2736 there
06 Feb 2013 10:50 am
This pullback should hold about 1503 and then push higher as good buying just
came in
06 Feb 2013 10:51 am
Also watch 2739-2738 area on the NQ, should not break if going to make another
push higher
06 Feb 2013 10:56 am
1505-5005.50 was pushed through, to keep this trend going strong a dip should
hold 1505-1504.50 area
06 Feb 2013 10:58 am
If no turn back up from 1504.75 1504 is about as far as a pullback should go and
then bounce back again
06 Feb 2013 11:04 am
1504.75 was held on the pullback, next resistance not until 1508 area. 1505.50
shouldn't be broken now
06 Feb 2013 11:07 am
There were good sellers around 1407.50, 1407.50 up to 1408.75 should be hard to
get above and hold,
06 Feb 2013 11:11 am
1505.50-1505 needs to act as good support and get a bounce, otherwise there
could be some trouble and see 1504, possibly a little further
06 Feb 2013 11:20 am
a double top-1506.50 broken needs turned up quickly. Needs a move above 1508 so
or pullback coming or has started
06 Feb 2013 11:28 am
Steady grind higher was turned away just under 1508 so far, stalling out so
pullback must hold around 1505.50 at lowest
06 Feb 2013 11:36 am
A high is in place for a while, should not be able to get back above 1507 on the
ES and 2752 on the NQ and hold
06 Feb 2013 11:38 am
Another test of 1505.50 area should get a bid back up, maybe to 1507, but likely
not
06 Feb 2013 11:48 am
So far 1505.50-1505 area able to hold. That should be pivotal, yesterday's
closing range, a bounce high and a pullback low so far.If broken
06 Feb 2013 11:50 am
A bounce that follows should be sold into
06 Feb 2013 11:51 am
Next update in about 10-15 minutes
06 Feb 2013 12:11 pm
Stalled at 1505.75, pop-ups sold into and back down to 1506.25. Must hold there,
1506.50 should be bought to keep strong
06 Feb 2013 12:14 pm
1507 area support if a pullback from 1508-1508.50.
06 Feb 2013 12:28 pm
1507.25 held on the pullback, if it falls in the further than upside could be
over for a bit. Otherwise could go for 1509
06 Feb 2013 12:32 pm
Good selling twice at the 1508 Resistance, but all pullbacks have been bought
since the opening 5 minutes, so far. 1507.25 needs held
06 Feb 2013 12:34 pm
Or the attempt to break out over 1508 isn't going to happen and 1506.50-1505.50
area would need to give a bounce to avoid breakdown
06 Feb 2013 12:39 pm
just reached 1508.50 in reverse but should stay above 1507.50 if going to
continue grinding higher
06 Feb 2013 12:41 pm
Look for another pop up to be sold into, first time that sellers more aggressive
and buyers backed off
06 Feb 2013 12:46 pm
A really strong bid back up from 1507.00, can pullback again but it bid back up
again the way this is acting
06 Feb 2013 12:51 pm
58.50 sold again very fast 1507.25 came back up even faster and stopped at 1508.
A yen, a push over 1408.25-50 on the ES needed to spike higher
06 Feb 2013 12:54 pm
Double top at 1508.50 with good selling their twice, there has been good buying
at 1507.25 and if broken this can head to 1505.50
06 Feb 2013 12:55 pm
Even a snapback now will be sold, the NQ under 2751 a short, a different pattern
more bearish there
06 Feb 2013 01:07 pm
This should be headed to 1503-1502 as long as 1505.50 not broken
06 Feb 2013 01:19 pm
The 1403.75 level held thus so far, 1505.50-1506 should hold the bounce back.
Otherwise 1507.25 possible but sold
06 Feb 2013 01:22 pm
This bounce should not make it back above 1508.00-1508.75 resistance, that
should be a major area the rest of the day. 1505.50-1506 R key
06 Feb 2013 01:25 pm
Staying out or 1505.50-1506 should keep pressure on, only if cleared/held can
there be break up downtrend with 1502 .50
06 Feb 2013 01:30 pm
1502.50 reached and needs to get back boy rejection from 1504 area on a bounce,
1498 area would be next
06 Feb 2013 01:31 pm
NQ back to being a much weaker as it's on its low at the moment, 2737-38
resistance there
06 Feb 2013 01:34 pm
Some buying/short covering coming in off of 1501.50 but should fail to clear
1503.75 and hold it just counter trend bounce
06 Feb 2013 01:37 pm
That area should be key on a bounce to turn right back down from, or else could
get up to 1505.25-1505.50, a pivotal area if reached
06 Feb 2013 01:43 pm
There has been no fear lately and these deeper pullbacks have been turned around
and bid back up. Pop up small still vulnerable
06 Feb 2013 01:53 pm
Pop-up stopped exactly at 1403.75, pullback starting but must break 1502 area or
there will be better bounce
06 Feb 2013 02:06 pm
This is trying to base out above 1502 for a push higher, but if that does
happen, doubt upside gets too far before stalling/reversing
06 Feb 2013 02:08 pm
1503.50 needs pushed above and not turned right back down, or little chance of
even getting to 1505-1505.50 again for now
06 Feb 2013 02:21 pm
1503.50 pushed above to 1504 and now must hold as support or can turn back down
again. If held then could see 1505-1505.50
06 Feb 2013 02:24 pm
Pop up just missed 1505 on the ES and 2740 on the NQ and quickly came back down.
Market remains vulnerable unless those broken/held.
06 Feb 2013 02:33 pm
The NQ was sold off but the ES was able to turn right back up from just under
1503.50. Could go back to towards 1504.50-1505 but not stick
06 Feb 2013 02:37 pm
NQ still leading this and back to lows its been several times, needs a good
bounce from 2734-2732 area or could pull market down
06 Feb 2013 02:41 pm
2:40 PM timeframe buying coming in, should get another push higher as long as
1503.50-1503 defended and also 2734 on the NQ.
06 Feb 2013 02:46 pm
watch 1505-1505.50 if a bit more more upside for a pullback towards 1504 area.
If no sign of turn, could go for 1406.50-1507 area
06 Feb 2013 02:57 pm
1505.00 was touched for a millisecond 2 times in pullback to 1503.75, another
push higher should be sold into also,
06 Feb 2013 02:58 pm
then next dip needs to hold 1504 at worst if uptrend going to continue and try
for 1507
06 Feb 2013 03:10 pm
ES made it back to 1506.25 and holding 1505 on pullback, if it goes much further
than could head back towards 1504-1503. If held and 1506.25
06 Feb 2013 03:13 pm
If 1505 doesn't hold then good" Roy down towards 1503.50 or so. They push higher
should fail around 1507, NQ still leading this
06 Feb 2013 03:20 pm
Pullback to 1504.50 caught a bid, but market acting odd today and not so strong.
They could rally from here, but will hold out for failure
06 Feb 2013 03:31 pm
1507 touched on the upside, pullback needs to hold around 1550.75 if going to
attempt to push through
06 Feb 2013 03:35 pm
Would keep an eye on the NQ, might be better trading vehicle, in any case
1505.25 should be pivotal support on pullback.Only break/hold under
06 Feb 2013 03:38 pm
1505.50-1505 area which has been pivotal can get this rolling over into the
close. Have a great day! "See" you in the A.M.
06 Feb 2013 03:39 pm
! wait
06 Feb 2013 03:41 pm
I must be a way tomorrow until around 12:30 PM Eastern time do to an
appointment. My apologies, will update ASAP when I return
Tuesday-February 05, 2013
(time stamps are EST)
05 Feb 2013 09:30 am
good morning. The ES made it up to the 1501.50-1502.50 resistance and the
pullback held 1498 area, both important this morning
05 Feb 2013 09:35 am
we should get short covering on a pullback
05 Feb 2013 09:44 am
1501.50-1502.50e still should be hard to get through and hold , a key resistance
early on.
05 Feb 2013 09:54 am
good bid from just over 1500 through the 1502.50 resistance, that 1302.58 to
hold on a dipto get to 1505.50-1507 Econ number top of the hour
05 Feb 2013 10:01 am
Nice to hold 1502.58 it had above 1504.50 2B strong or else pulled back to the
1501 area will be key
05 Feb 2013 10:05 am
1502.50 was bid back up to test high,next resistance 1505.50-1506
05 Feb 2013 10:08 am
should go for 1505.50-1506 area, then get some pullback. it's very close right
here. 1502.50 is now key support
05 Feb 2013 10:11 am
that's probably a high for a while if not then next pop up will be sold into but
pullback must hold 1503
05 Feb 2013 10:17 am
1503 was held but this bounce should be sold into, 1505.50-1506 possible but
likely wouldn't stay there, should come back down again
05 Feb 2013 10:26 am
there is a good offer just under 1505, but still holding 1503-1502.50 support
this bounce should be sold into around 1505 or breakout
05 Feb 2013 10:30 am
1504.50-1505.00 sold for the hird time,
05 Feb 2013 10:46 am
The ES bounced from 1502.50 again up to new high at 1506.25, 1505 area needs to
hold or back down
05 Feb 2013 10:49 am
This stalling out at the 1505.50-1506 resistance and start a decent pullback to
1504.50 area broken and not turn right back up
05 Feb 2013 10:57 am
If unable to push through 1505.50-1506 and hold, market will have some sort of
shake out and then go higher if still wants to
05 Feb 2013 11:08 am
Unable to get above 1506, that should be sold into if another pop up, 1504.50
small support 1503-1502.50 key
05 Feb 2013 11:14 am
Pullback stopped at 1504.50 was a bid back up, that area must hold or they could
drop back to 1503-1502 area. Its important support 1506
05 Feb 2013 11:16 am
1506 still needs cleared/held to get a squeeze higher maybe to test 1508 if the
breakout sticks
05 Feb 2013 11:24 am
Market testing important resistance around 1506, that coincides with the Dow
cash at 14,000. Both need pushed above/held.
05 Feb 2013 11:29 am
It has been in a more bullish mode after the pullback was bought at 1502.50. But
another failure at 1506 and break of 1504
05 Feb 2013 11:30 am
Could change things to bearish and pullback would ruin trend up action by
breaking 1502.15 area
05 Feb 2013 11:36 am
Should get breakout attempt and take out 1506, a pullback will be bought around
1505.25-1504.75 at the lowest to continue upside grind
05 Feb 2013 11:45 am
Top should begin Soviet short for a move down to 1502.50 or lower,
05 Feb 2013 11:46 am
Will need to get above 1506.25 and not turn right back down to ovoid a decent
pullback and get something going on outside
05 Feb 2013 11:47 am
1505 should be sold to get a push back down towards 1503-1502.50
05 Feb 2013 11:53 am
Apologies for some of the words that have come through, unreadable in some
cases. I will try "re-train" the voice software sometime tonight
05 Feb 2013 11:56 am
So far a bounce to 1504.75 on the ES while the NQ had a better push higher. On
the other pop up gets sold into on ES, 1502.50 support
05 Feb 2013 11:58 am
Next update in about 15 minutes. If by chance there is no breakdown but a run-up
towards 1506 again instead, a better short
05 Feb 2013 12:26 pm
The bounces have been sold into but also bid back up from above 1504. The Dow
cash still is around 1506 ES, but NQ has been leading up
05 Feb 2013 12:26 pm
The bounces have been sold into but also bid back up from above 1504. The Dow
cash still is around 1506 ES, but NQ has been leading up
05 Feb 2013 12:28 pm
Unable to get the above 1506 is going to keep this under pressure even though
1504 has been holding, up pops should be sold into
05 Feb 2013 12:44 pm
Bounce back from 1503.50 to a lower high and stalled out rolled over, buyers
waiting at at 1503.75,but should come down if stay under 1504.75
05 Feb 2013 12:51 pm
Another move up to test 1505.50-1506 resistance zone, 1506.25 was sold three
times with small pullbacks, still need breaks/hold for run up
05 Feb 2013 12:53 pm
Its 1504.50 to 1503.75 that are minor support levels that need to be bid right
back up to avoid turning over
05 Feb 2013 01:03 pm
1504.50-1503.75 zone was dipped into and turned right back up to test the high
on the ES, this can't continue higher as long as 1505 area holds
05 Feb 2013 01:07 pm
1506.25 early highs tested. Previous Post should say "this CAN continue higher
as long as 1505 area holds". Should it go further than that
05 Feb 2013 01:16 pm
Buyers backing off a bit while this sits just under its high, looks like 1505.50
should hold to keep up side impact
05 Feb 2013 01:27 pm
In very slow trading that ES pulled back from its 1506.50 token higher high to
1505.50 new support, pop back up, could see 1508 and then 1512 envelope up
05 Feb 2013 01:31 pm
The ES has been holding the support areas most although we up since 1502.50 in
the early going, and its been trend up and stays that way
05 Feb 2013 01:33 pm
Unless 1506.25 prior highest/trend support doesn't hold. 1505.50 now a key
support
05 Feb 2013 01:39 pm
1408.50 is a good resistance and could be a top for a while if 1507-1506.50 does
not hold on a pullback. If that does hold, the grind higher
05 Feb 2013 01:50 pm
The ES meet its grind higher to 1408 area which is some resistance, thus all
could lead to a pullback towards 1407-1406.50 needs held
05 Feb 2013 01:54 pm
Pullback held 1507.25, so no damage done, a pushed through 1408 area could mean
headed to test 1510.50 prior high area. 1 potential negative
05 Feb 2013 01:55 pm
Is the Dow cash touching 14,000 and back and off. Maybe needs to back up to get
a running start to take out 1510
05 Feb 2013 02:00 pm
Otherwise could end up with double top of sorts. But stays and a trend up move
unless 1507-1506.50 broken on pullback, then it is reversal
05 Feb 2013 02:14 pm
1507.25 pullback low just after 2 PM and the ES continues climbing higher, and
now support is around 1508, then 1507-1506.50 if 1508
05 Feb 2013 02:16 pm
is not bid right back up on a pullback. There's 1510.50 then the 1512 area to go
for
05 Feb 2013 02:36 pm
1508.50 was the pullback low, that area along with 2753-2752 on the NQ should be
important support up here. A push above 1509.75-1510.50
05 Feb 2013 02:39 pm
Needed to hold up there, not break back below 1508.50, if going to avoid
reversing the trend up move
05 Feb 2013 02:41 pm
1509.75-1510.50 was rejected on the first test, would normally be a good short,
but not against a strong trend up move, would need reversal
05 Feb 2013 02:45 pm
a push through 1509.75-1510.50 could get the ES up to the 1512 area before
pulling back, maybe higher
05 Feb 2013 02:47 pm
Watch 1509.50 area for support on a pullback from 1511, should bounce from that
area if going to attempt 1512 today
05 Feb 2013 02:54 pm
It has been trend up all day with small pullbacks, and now look a like
1510-1509.50 area needs held or the rally could be over
05 Feb 2013 02:57 pm
For the rest of the day, it looks like one more bouts should be sold into,
especially if 1509.50 on able to hold
05 Feb 2013 03:03 pm
1509.50 gave a bounce but not very strong, should have a high in for today or at
least have trouble going higher and holding
05 Feb 2013 03:06 pm
The furthest this should go on the downside without damaging this good uptrend
would be down to 1508.50
05 Feb 2013 03:14 pm
1508.50 was held above and a bounce back up to 1510 is having trouble, needed a
push above that area and stick to attempt the high
05 Feb 2013 03:18 pm
Should be some selling against the high, 1512.50 area should be difficult to get
to/through and hold today.
05 Feb 2013 03:19 pm
If this fails to push above that 1510.75 ounce high soon, this can come back to
1408 area before bouts attempt
05 Feb 2013 03:23 pm
If this refuses to hold around the 1507.25-1506.50 area than the market will
have top or very close, but if held then there could be
05 Feb 2013 03:26 pm
One last run up, up to a little bit above today's high, and then stop and see
lots of room below, leaving longs stuck up here
05 Feb 2013 03:28 pm
It looks like double top is marking today's high and 1508 area needs to hold to
avoid deeper pullback
05 Feb 2013 03:32 pm
1508.50 held by one tick and keeps the market from late day selloff unless
broken. Have a good rest of your day, catch you in the morning
Monday-February 04, 2013
(time stamps are EST)
04 Feb 2013 09:20 am
good morning. a good Super Bowl, but the market looks like it has a hangover
from too much partying lately. ES fell to 1498.25-1497.50
04 Feb 2013 09:25 am
not able to get above initial resistance. that must give a bounce/rally if
tested again. the 1503 area the first good resistance
04 Feb 2013 09:28 am
if 98 area broken could go a bit lower and bounce from 96 which should be around
1500 on the cache index.
04 Feb 2013 09:34 am
bounce off of 98.50 needs to get over 1500 and hold on a pullback
04 Feb 2013 09:43 am
bounce back to last trap buyers at 1501 around 9:15 AM was sold could bounce
from 98.50-97.50 trend and momentum on sell side unless 1501
04 Feb 2013 09:44 am
is exceeded and then be able to hold 1500 area on a pullback. There's been a
good offer on the pop-ups
04 Feb 2013 09:48 am
97.50 is a bottom end of support, that could be early low if 99.50-1500 not
rejected
04 Feb 2013 09:49 am
must get over 99.50-1500 and then hold 99.50 on a dip to get any upside
momentum/short covering going up here now
04 Feb 2013 09:53 am
able to stay over 99.50 so far, 1501 needs to be cleared /held, should get pull
back there but 1503 1504 next good resistance
04 Feb 2013 09:55 am
99.75 is about as far as a pullback should go to the uptrend is going to
continue towards 1503 area
04 Feb 2013 10:00 am
stalling out but should be a decent bid below, 1500 area must hold on the ES if
going to attempt 1503 area
04 Feb 2013 10:03 am
1502.50-1503.50 areas should be sold that this is just a early bounce and a new
downtrend,, key areas up here
04 Feb 2013 10:03 am
last pullback was to 1500.25 and came right back up, that would need to happen
again or rolling over
04 Feb 2013 10:05 am
that should be it for decent bounce that's going to stick, at least for a while.
There could be another bounce attempt but will not hold
04 Feb 2013 10:14 am
choppy two-sided action, need a move above 1501and stick, good offers that are
so far
04 Feb 2013 10:19 am
another move going to testthe low there would need to be a good bounce back and
stick over 1500 or else 96 area
04 Feb 2013 10:21 am
buyers at 98.25 so far, but don't get squeezed unless 1500 area taken out, held
on a pullback
04 Feb 2013 10:30 am
a double bottom but still that could be broken unless they push over 1500with
some gusto, hold on a pullback.
04 Feb 2013 10:38 am
could still push down to the 96 area if unable to get over 99.50-1500, that
looks like it's pivotal on a bounce
04 Feb 2013 10:42 am
support only broken by 1 tick, so far, still need to get back above 99.50-1500
and not turn right back down, to get out of trend down grind
04 Feb 2013 10:45 am
98.25-98.75 area should be sold on a bounce if going to continue grinding lower,
that needs taken out for potential change
04 Feb 2013 10:51 am
this could be the most important move so far for a potential low to be put in,
if they move over 98.25-98.75 not reversed but exceeded/held
04 Feb 2013 10:57 am
98.25 sold on two tests so far, still need a move through 98.25-98.75 and then
not turn right back down to get bounce attempt
04 Feb 2013 11:01 am
unable to get above 98.25, ES following the NQ back to its low, pressure stays
on unless 98.25 area cleared/held for now
04 Feb 2013 11:07 am
the 96 level was reached, 94.50-94 area could be seen if this stays below
97.50-98 on another bounce attempt. That area needs exceeded
04 Feb 2013 11:19 am
98 was sold into again this pullback needs to turn up from 97 and get back above
98 or else could be headed for 94.50-94
04 Feb 2013 11:24 am
the NQ has been leader on down side and not bid back up as quickly on bounce
attempts, keep an eye on that for a lead/confirmation on ES
04 Feb 2013 11:29 am
1.50 point drop over 2 minutes on ES while the NQ dropped 5.5 points. not much
on either with ES testing low,94.50 on ES next 2727 NQ
04 Feb 2013 11:38 am
the NQ dropped another 10 points in 3 minutes while the ES fell 1.25 points to
just over 94.50-94 zone, gap today is trend day unless 98
04 Feb 2013 11:41 am
reached the 94 support but another bounce that fails to clear 96 should just
lead to another push lower
04 Feb 2013 11:48 am
that could be a reversal that's meaningful for a bit, as long as 94.50-94.25 is
turned right back up on a dip
04 Feb 2013 11:53 am
Nice to holdon a tiny pullback and then push it above 96 to begin an attempt to
get uptrend going or, back towards the low
04 Feb 2013 11:59 am
no go on the bounce attempt, they are all people and looks like "slinky" going
down the steps, 1491.25-1490.50 could be in the cards and must hold
04 Feb 2013 12:08 pm
it has been trended down since around 10 AM, with bounces not having any gusto,
likely heading to test 91-90 if this staying under 94.50
04 Feb 2013 12:11 pm
the NQ still the weakest and almost to what should be major area around
2713-2711. Resistance now at 2719-21 there to clear
04 Feb 2013 12:13 pm
94-94.50 area now a key area on a bounce if that is exceeded then a pullback
that follows needs to be bought and that would get countertrend
04 Feb 2013 12:16 pm
rally going. So far first test of resistance on NQ and the ES, if no rollover
here then things could be change
04 Feb 2013 12:23 pm
94-94.50 area now a key area on a bounce if that is exceeded then a pullback
that follows needs to be bought and that would get countertrend
04 Feb 2013 12:25 pm
no idea why that was reposted, but after rejecting94.25 new resistance and also
resistance on the NQ, the quick dip was bought, could have
04 Feb 2013 12:26 pm
a low for a while if this move pushes above resistance. Taking a 15 minute break
04 Feb 2013 12:42 pm
a pullback should either bounce from 94.50 area, or pushed through 96 and hold.
98 area next resistance that needs cleared
04 Feb 2013 12:47 pm
getting another oral over on the NQ, if the ES follows it should see 94.50 and
needs to bounce from that area to continue creeping higher
04 Feb 2013 01:04 pm
94.50 was broken, stopped at 94, but now should make another push lower before
we can get a bounce going. That or move above 95.50-96
04 Feb 2013 01:08 pm
94.50-94 is back acting as support again, this avoids one more drop as long
asthat is held for now
04 Feb 2013 01:20 pm
a pullback to 94 must hold, and need to get above 96 on the ES and also 13,900
on the Dow cash which has been rejected several times.
04 Feb 2013 01:21 pm
Still vulnerable staying under 95.50-96 on this little bounce attempt off of 94
04 Feb 2013 01:31 pm
95.50 rejected for a second time, pullback holding 94 bottom of this range, a
break under 93.50 should mean test of the low
04 Feb 2013 01:43 pm
93.50 was reached and trying to get another bounce going but it needs to get
above 95.25-95.75 to get out of trouble/potential test of low
04 Feb 2013 01:47 pm
markets still in trouble and if the test of the low doesn't give a good bounce
then could continue on down to 91.25-90.50 major area today
04 Feb 2013 01:53 pm
2713.25-2711.75 on NQ is kind of a must hold area, or to 2706.50 and potential
collapse towards 2699 or lower. ES needs to hold 91.25-90.50
04 Feb 2013 01:56 pm
a bounce from here needs to get going and take out 94-94.50 to take some
pressure off, 96 to get decent upside going
04 Feb 2013 02:01 pm
ES could not even get back above 94, should see double bottom broken and test
91.25-90.50 major area, still a trend down day basically
04 Feb 2013 02:02 pm
and selling bounces better odds until a trend change
04 Feb 2013 02:16 pm
the market tested the low, and it bounced a bit, but needs to get back above 94
and hold that area to attempt better bounce. Or else a break
04 Feb 2013 02:18 pm
back below 93.50-93.25 not quickly turned back up would make this roll over
again and then break double bottom. 94-94.50 key here
04 Feb 2013 02:22 pm
downside stalling out but would need a move above 94-94.50 and picked up some
momentum, not turn right back down. If not for trend day it would
04 Feb 2013 02:25 pm
on a test of 92.50 that turns up, but would rather see sign of strength by
getting over 94 before thinking long.all bounces but 1 has failed
04 Feb 2013 02:29 pm
good bid on the dip should have a pullback low in place for now
04 Feb 2013 02:32 pm
94 area should hold on a dip to make another push higher,
04 Feb 2013 02:40 pm
bounce off of 94 not getting through the 95 high so far, but could get to
95.75-96 for another area where there is a pullback, or get mo
04 Feb 2013 02:42 pm
holding over94.50 keeps this in a strong position for now, 96 should be a key
area, could see 97.50-98 if that is taken out
04 Feb 2013 02:46 pm
if were able to get long on the dip to 94 area or maybe you did better, lock-in
at least part around 96. 94.50 area pullback support
04 Feb 2013 03:01 pm
through 96 took out the high before noon, 97.50-98 area would be next on the
upside. Pullback should hold 95.50 to get there, else toppy
04 Feb 2013 03:06 pm
if there is one more push higher it should be sold into. Key area on the NQ at
2722-2724, 97.50-98 on ES. If exceeded could still dip
04 Feb 2013 03:14 pm
if there is another bounce from 94 it should fail, if no bounce off of 94 then
the 92.50area again
04 Feb 2013 03:20 pm
there could be another little run-up since 94 is holding, but doubt that it can
get over 96 and stay there. If it can it would be positive
04 Feb 2013 03:23 pm
a break of 94 would need to get turned around very fast or there is a chance for
the ES to be under pressure
04 Feb 2013 03:25 pm
the Dow cash would need to turn back down, the NQ should be weaker if this does
hit a air pocket
04 Feb 2013 03:27 pm
94 area defended again, that should be key in the last 35 minutes. If there is a
decent pop, 97.50-98 on ES and 2722.50-2723.50 on NQ
04 Feb 2013 03:29 pm
I have a good rest of your day. I will catch you here tomorrow morning shortly
after the open
04 Feb 2013 03:37 pm
it's the Dow cash weighing on the ES, the NQ is weak on its own, needs to hold
93-92 war could break 91.25-90.50 into the close
Friday-February 01, 2013
(time stamps are EST)
01 Feb 2013 09:23 am
1500 yesterdays high for small support, if thats not hold then late high from
yesterday around 98 should hold to stay in good shape.
01 Feb 2013 09:26 am
1505.50 Globex high also day session high for the week, if that area not
rejected could go to 1508 area.
01 Feb 2013 09:28 am
in any case, need to take out that 1505.50 area and not turn right back down for
this to avoid top. scenario I was writing about early week
01 Feb 2013 09:30 am
first day of month upside bias and also the VIX a few buy signals so at least
should hold up today change in market character
01 Feb 2013 09:32 am
need a move to stick over 1502.52 get pushed towards 1505
01 Feb 2013 09:36 am
for 1502.50 turn right back down through that level should go to 1500 at least
before bounce
01 Feb 2013 09:42 am
only reached 1500.52 for popping up, 1502.50 area still important early it
looks, needs to be pushed through and keep going, not break 01.50
01 Feb 2013 09:49 am
1502.50 was sold twice, bounce attempt from 1501, if that's broken should be
test of 1500
01 Feb 2013 09:51 am
buyers should be waiting for pullback to stall and then come in at lower
prices,only forced in to move over 1502.50/hold
01 Feb 2013 09:53 am
1500 reached, so gap at yesterdays 1500 high filled. 1501.50-1502 key on this
bounce,
01 Feb 2013 09:56 am
faster than things have been moving, was hard to speak fast and send update
while managing my own trade not so easy today. Still have ISM
01 Feb 2013 09:58 am
consumer sentiment gave the last pop and pullback, one more number in about two
minutes. I will update if it is in time to be worthwhile
01 Feb 2013 09:59 am
1502.50 needs broken/held or 1500 needs broken/held.
01 Feb 2013 10:06 am
after getting two 1503.75 on the 10 AM number, pullback held 1502.50 and pop
back up, pivotal level to hold, should be headed towards 1508
01 Feb 2013 10:10 am
the Dow reached 14,000 and ES reached 1507.50 before buyers backed off and/or
profit-taking. Pullback should bounce from 1505.50-1505
01 Feb 2013 10:13 am
1505.50 touch,if this area doesn't give a bounce back to test/break 1507.50 high
so far, 1503.50-1502.50 zone key support up here.
01 Feb 2013 10:23 am
ES turned up from 1504.75, 1 tick under support zone, that's key area to stay
above, uptrend intact unless broken, but should be selling into
01 Feb 2013 10:28 am
too late to finish that before it turned back down, anyway should be selling
into another pop, it's getting toppy, 1503-1502.50 must hold
01 Feb 2013 10:34 am
pressure should be on in less 1504.50 is exceeded/held at the moment here
01 Feb 2013 10:36 am
if it can hold 1502.50 and then push back above 1504.50, then could make a
retest of 1506 area which should be key on upside,
01 Feb 2013 10:46 am
1505.50 area turning into resistance again, but look for one more push higher
towards 1506-1506.50 or a bit higher
01 Feb 2013 10:50 am
1505.75 so far the top tick on bounce , might be bounced high if not quickly
turned up from 1504.50which was acting pivotal
01 Feb 2013 10:52 am
1504.50 still is pivotal,would need to break that and then have that turned into
resistance on a bounce to begin downturn to test 1403-1502.50
01 Feb 2013 11:03 am
pullback reached 1503.50 before turning back up and getting above
1504.50/holding. 1505.75-1505.25 support if a small pullback then pop up
01 Feb 2013 11:09 am
buyers backing off a bit making double top for a while if 1505.75-1505.25 area
not held
01 Feb 2013 11:10 am
that must hold that there's going to be a chance to push through 1507.50-1508
01 Feb 2013 11:21 am
stalling out just under the high but a break under 1506 area needed to turn this
down or still can breakout to 1508.50 area
01 Feb 2013 11:24 am
that might be it for the upside for a bit as this goes towards 1505.50-1505
01 Feb 2013 11:24 am
1503 area key support the rest of the morning, the high of the opening range,
breakout when 1502.50 ISM release, and tested twice and held
01 Feb 2013 11:28 am
1505.75-1505.25 is the support zone under 1507.50-1507.25 double top, uptrend
broken if that is taken out,1506.50 would be bounce resistance
01 Feb 2013 11:32 am
the Dow is touching 14,000 and backing off, coincides with the ES at the 1507
level. If that is cleared/held, door open for potential squeeze
01 Feb 2013 11:42 am
If 1508.50 cleared, then possibly up to the 1512.50 area, that would be euphoric
blowoff. The VIX already dropped 10% today, sizable from
01 Feb 2013 11:43 am
where it was. Could be perfect scenario for a top if that area reached. First
day of month upside bias should hold up today the way this
01 Feb 2013 11:45 am
is acting, and follow through and into Monday could get internal gauges in sell
territory also. 1507 area should be support if 1508.50
01 Feb 2013 11:45 am
is going to be retested or broken
01 Feb 2013 11:48 am
gap days oftentimes turn into trend days, and as long as 1505.75-1505.25 holds
on a pullback, stays trend up. could be some scalps on shorts
01 Feb 2013 11:49 am
but better odds staying with the up trend buying pullbacks unless/until trend
changes
01 Feb 2013 12:02 pm
1508.50 is poked above, could come back down a bit but stay over 1507 area that
was prior resistance and held after broken. 1512.50 next R
01 Feb 2013 12:08 pm
they didn't stay over 1508.50 very long, and was just poked over by 1 tick, so
need to push over 1508.50 and stick above that now
01 Feb 2013 12:11 pm
1508.50 push above, so should want to hold around that area to keep thin and
steady grind higher in here, otherwise getting toppy
01 Feb 2013 12:16 pm
needs to hold around 1508-1507.50 at the lowest to stay in strong trend up move.
If broken,bounce that follows sold into.
01 Feb 2013 12:17 pm
15-20 minute break for me.
01 Feb 2013 12:24 pm
lunchtime high may be in place, another pop up a shorting opportunity, but
shouldn't go too far so would only scalp short side if sets up.
01 Feb 2013 12:25 pm
can bounce from 1507.25, probably at the lowest, but not stick above 1508.50.
back in about 15 minutes or so
01 Feb 2013 12:36 pm
support held and pop to folk and higher high at 1509.25 was sold, so far holding
1508.50, that is still bullish. No lunch time top, bad call
01 Feb 2013 12:40 pm
I should have just stayed on my break, another pop up will be sold into, almost
2 breakdown
01 Feb 2013 12:44 pm
it is the Dow cash still bumping against 14,000 and failing. The ES was at 1507
on its first 2 test,1508.25, 1509.00, and 1509.25. So, first
01 Feb 2013 12:46 pm
key support for the ES to hold is still 1507.75-1507.25. And on top, watch Dow
cash or out of 14,000. If that is pushed over/held then up
01 Feb 2013 12:47 pm
to 1512.50 area. It's not far away but has some work to get there today
01 Feb 2013 01:01 pm
1508 was a bid back up to 1509 so far, the Dow just 3 points from 14,000. stays
trend up as long as 1507.25 not broken, but really needs to
01 Feb 2013 01:02 pm
to get the Dow over 14,000 along with ES back above 1509 and not come right back
down again.
01 Feb 2013 01:16 pm
the Dow pushed above 14,000 by almost 4 points while the ES made another token
higher high, pull back should hold 1508.50-1508 area
01 Feb 2013 01:21 pm
1508.25 the pullback low, sprang back up to 1509.25 so far really needs to stay
over 1507.50 at the very lowest to continue grind higher
01 Feb 2013 01:28 pm
another bounce from 1508.25, 1509.25 just under the high, the Dow is above
14,000 and holding at the moment. that along with 1507.75-1507.25
01 Feb 2013 01:30 pm
should hold if this is going to stay in a trend up mode
01 Feb 2013 01:34 pm
I need to be away or just a bit but back before 2 PM. It's a slow trend up day
and stays intact unless that 1507.75-1507.25 area is broken
01 Feb 2013 01:36 pm
with an upside target around 1512.50, if thats taken out today, then there could
be a bit more upside into Monday/Tuesday. Stay with uptrend
01 Feb 2013 01:56 pm
on the other pop to a token higher high at 1510 gets sold, but should stay above
1409-1408.75 to grinding higher
01 Feb 2013 02:00 pm
pretty good selling into that pop up, needs to turn back up from around 1409.25
maybe at the lowest to get another test of that area
01 Feb 2013 02:03 pm
1410.50 high just before 2 PM and sold into, this time frame often see
reactions, so a drop to 1409-1408.50 not impossible
01 Feb 2013 02:05 pm
if that isn't a short-term high, needs to bounce from right around 1509 and make
another push higher
01 Feb 2013 02:09 pm
a bounce attempt should be sold into, if not from another token higher high then
from a reversal on test of 1510.if they break,1507.50-1507
01 Feb 2013 02:14 pm
this hasn't broken down but has been the deepest pullback since this morning and
should see 1507.50-1507 on this move and then potential bounce
01 Feb 2013 02:16 pm
there can be some buying/short covering around that area. Must hold there
however, or Dow slips back under 14,000
01 Feb 2013 02:28 pm
the ES able to hold on a 2 point pullback, this bounce attempt a bit more tepid,
need to have NQ hit over 2762 and hold and also ES above 1510
01 Feb 2013 02:30 pm
from today's high at 1510.50, there might be 2-5 points more to go before a top,
unless there is a late day breakdown. The 12.50 area can be
01 Feb 2013 02:32 pm
tested if 1510 exceeded and not turn right back down. Should have most of the
beginning of month buying finished by now
01 Feb 2013 02:35 pm
a short on bounces for now, we did have the 2 PM high, 2 point pullback, then
pop up sold into.a move to 1507.50-1507 would need to hold
01 Feb 2013 02:40 pm
the other timeframe for end of day move it is 2:20-2:40 PM timeframe, needs to
bounce soon or pushed down to 1507.50-1507,
01 Feb 2013 02:44 pm
should be more gusto on a move higher, the last bounce was tepid with new buyers
not wanting to buy top tick, this attempt has no oomph yet
01 Feb 2013 02:46 pm
people bounce reached 1409.25 and back away, need to turn up from above 1008.25
with some gusto or will see 1507.50-1507 area
01 Feb 2013 02:58 pm
bounces not sticking since 2 PM, if this doesn't turn up quickly from
1507.50-1507.25 zone and get back above 1508.50 market vulnerable
01 Feb 2013 03:01 pm
this area needs to get more than a feeble bounce, if no rebound above 1508.50 r
1507.25 not defended, we get more pullback.
01 Feb 2013 03:04 pm
1507.25 giving a bounce, but must clear 1508.50 and not turn right back down, NQ
needs a move above 2760 and not turn right back down
01 Feb 2013 03:14 pm
this could get more tricky than normal in the last 45 minutes, the ES able to
hold the 1507.75-1507.25 zone, not sure if this bounce fails
01 Feb 2013 03:15 pm
or if they can keep pushing higher back over 1510. Whether really liked for it
to close right around here, would set up better for Monday
01 Feb 2013 03:19 pm
end of day no damage done unless 1507.25 is broken, if that occurs than would
expect bounce to fail around this 1508.50 area. That might be
01 Feb 2013 03:21 pm
it for the bounce attempt. ES needs to break/stay over 1508.59 reject it again.
Same with 2759-60 area on NQ
01 Feb 2013 03:23 pm
have a good weekend. I will catch you on Monday sometime around the open.
Thursday-January 31, 2013
(time stamps are EST)
31 Jan 2013 09:25 am
I have a case of the stupids, I thought Tuesday was Wednesday and yesterday
thought it was Thursday, so no Employment report. I also
31 Jan 2013 09:27 am
Behind on answering email, and will try to get that answered by this evening. As
for the ES, it reached 91.25 major area and bounced
31 Jan 2013 09:29 am
but still see this as two-sided day and still vulnerable, needs to get back over
1498 area and hold to take some pressure off this morning
31 Jan 2013 09:36 am
pressure doesn't come off unless 96 is taken out, at the least.could see 91-90
if doesn't turn up from 93
31 Jan 2013 09:41 am
94.50 area should hold on a dip if there's going to be a move higher
31 Jan 2013 09:44 am
Chicago PMI may have been released early, ES took off from pullback to 94.75,
98.50 Resistance, 96 areas support
31 Jan 2013 09:49 am
should pull back towards 97.50-97, and then turn right back up is going to stay
strong
31 Jan 2013 09:59 am
1500 rejected, 98 was able to hold on a small dip,if broken then 97-96.50
support
31 Jan 2013 10:06 am
just above 97-96.50, will need to turn up through 97.75-98 with some gusto if
going to try for 1500, and not head lower instead
31 Jan 2013 10:10 am
bounce off of 97 but still needs to push above 98 with some power, right now it
looks like sellers waiting above
31 Jan 2013 10:12 am
a decent bid back up but should be hard to get through 1500-1500.50, a lower
high that turns down could start decent pullback
31 Jan 2013 10:17 am
another popup should be sold into also, good sellers at the 1499-1500 area would
need pushed above. 96 support than 95 more important,
31 Jan 2013 10:25 am
a bounce from 95.75 that should be a key area, if this stays under 97.50 and
breaks 95.75 could be on the way to the low or lower
31 Jan 2013 10:27 am
it's a little stair stepped down type of pattern, not brokento the upside unless
97 is broken/held on a dip
31 Jan 2013 10:35 am
buying on the retest of 95 we are ES was when Chicago PMI release early, sellers
were around 99, and stay in this range is that's not pushed through
31 Jan 2013 10:44 am
another little pop-up that stays under 97 should mean breaking 95 and going back
to test/break early low
31 Jan 2013 10:48 am
for 25 minutes the ES has been holding 95.75-95.25 on pullback,but unable to get
above 98. Needs to make a decision in break this range soon
31 Jan 2013 10:54 am
unless there are some shorts trapped just below, this can continue going lower
now towards 93
31 Jan 2013 10:55 am
if not, a pop-up still has the resistance that 97 area and likely sold into
31 Jan 2013 11:02 am
93.50-93 area next - 95.50-96 is bounce resistance that should not be cleared if
going to get there or lower
31 Jan 2013 11:12 am
a bounce up to 95.50 sold, and 93.50 pullback low so far, this continues unless
95.50 is cleared/held on a dip. 91.25-90.50 major area today
31 Jan 2013 11:19 am
93.00 support was reached and being bid up from there at the moment. Does not
have much oomph, need to get above 95-95.50 to change trend
31 Jan 2013 11:24 am
possible double bottom but not acting superstrong off of 93, should see pullback
from 95 area or if not double bottom then more likely
31 Jan 2013 11:30 am
95 tested and rejected so far, keeps downside intact
31 Jan 2013 11:30 am
if 93 is broken and doesn't turn right back up, then 91.25-90.50 area can be
tested.major area also tested on Globex, jobless claims release
31 Jan 2013 11:34 am
a bounce should take out 93.50, 94.25 area,that the highest, to keep heading to
91.25-90.50 area
31 Jan 2013 11:42 am
the bounces have been about 2 points on the ES before going back down again,a
move over 94 and could begin to change direction. 95 pivotal
31 Jan 2013 11:53 am
bounce failed just under 95, needs to hold 93.50, or could revisit the low or
lower. 95 still pivotal, must be cleared/held to get turned up
31 Jan 2013 12:08 pm
ES in a 3 point range since 11:30 AM, 95.00 pivotal resistance on top and 92.00,
which is just over a major area, on the bottom. a pullback
31 Jan 2013 12:09 pm
needs to hold 93.50, and cute needs to avoid rolling over again, or back towards
92 or a bit lower
31 Jan 2013 12:14 pm
the ES went to 93.25 and turned right back, there has been a good bid at
93.25-92.75, if that can hold on another dip, chance of getting to
31 Jan 2013 12:15 pm
95 area or higher if wants to attempt a breakout of 45 minute range
31 Jan 2013 12:18 pm
a pullback should stay above 94.50, 94.00 lowest, to continue new uptrend and
get another push higher
31 Jan 2013 12:27 pm
94.25 pullback low so far, not a strong bid back up but avoids another leg down
towards 93.50-93 if held. Needs a push higher soon
31 Jan 2013 12:40 pm
94.00 was bought and retest of 95.50, if this fails and 94 broken, then pattern
breaks. But pretty good bid on the decent pullbacks, 94 key
31 Jan 2013 12:48 pm
the move-up from 94 new support is holding 95, that keeps it in bullish position
to move back towards 97.50-98.00 next
31 Jan 2013 12:50 pm
95.50-95.00 is now key support on a pullback, that has been pivotal this morning
and 94 on a smaller scale just below that.
31 Jan 2013 01:05 pm
so far the bounce fell just shy of 1497, backing off a bit, if 95.50-95 area is
not held, then a bounce that follows should set up short for
31 Jan 2013 01:06 pm
another pullback that goes back down towards 94 which was prior support area and
had decent buyers there
31 Jan 2013 01:13 pm
market having a struggle just under 97 on the ES, a break back under 95.50-95
would turn this back down, kind of a key juncture here
31 Jan 2013 01:19 pm
94.50 held on the dip so far, should climb higher if that's going to be pivotal
this afternoon and stay bullish to 97.50-98
31 Jan 2013 01:26 pm
turning into good selling from just under 97,another move up to 96.25 that is
turned away again should start downdraft, or breaking 95.50-95
31 Jan 2013 01:33 pm
95.00 will need to be a pullback low, along with 2729 area on the NQ. 97.50-98
still possible if held, but needs push above 96.25 not reverse
31 Jan 2013 01:40 pm
96.25 tested, no push through, that's necessary to get upside going, I'll avoid
breaking 95 and 2729 on the NQ
31 Jan 2013 01:43 pm
if 96 is able to hold, still keeps 97.50-98 as a target/resistance on the
upside, that should be key on one more pop up
31 Jan 2013 01:46 pm
almost to the 97.50-98 area, pullback needs to stay over 96.25
31 Jan 2013 01:50 pm
ES missed 97.50-98 by just 1 tick but can continue a higher unless 96.25 area
broken and not turned right back up
31 Jan 2013 01:52 pm
I need to take a 10-15 minute break. Haven't been away from having 2 eyes on the
screen since pre-open
31 Jan 2013 02:06 pm
top is an up here for a while if another bounce it's a shorting opportunity
under 97.50-98 area
31 Jan 2013 02:09 pm
can bounce from that 95.50-95 area at the lowest, but 96.50-96.75 should be sold
into if reached, 2730.50-2731.50 on NQ
31 Jan 2013 02:24 pm
2730.50 on the NQ was sold, ES not quite to 96.50-96.75, if this is going to
keep grinding higher, and avoid potential breakdown, 95 pivotal
31 Jan 2013 02:26 pm
level needs held, that is a pivotal support this afternoon. Should see sellers
around 97.50-98 if this upside continues
31 Jan 2013 02:33 pm
finally to 97.50-98, 96.50 days to hold as pullback support now,
31 Jan 2013 02:36 pm
careful trying to short this, it has been slow grind higher with the sporadic
5-15 minute sprint higher. Could pullback, but not too far
31 Jan 2013 02:38 pm
before buying comes back in again. If 97-96.50 is reached, that might be too far
of a pullback and then mean that a bounce after will fail
31 Jan 2013 02:46 pm
so far just a small pullback to 97.50, so no damage done to uptrend, 97.00
should not be broken or this will be a high, 99.50-1500 next R
31 Jan 2013 02:47 pm
if there is 1 more push higher from 97.50-97.25. that area needs to hold it
there is going to be another run up
31 Jan 2013 02:50 pm
if they break down, 96.50 small support and then 95.50-95.00 zone the pivotal
support that must hold. If that is broken, then rolls over
31 Jan 2013 02:59 pm
trying to base out at 97.50, can be a start of break towards 96.50 if not able
to hold, looks under pressure under 98-98.50 for now
31 Jan 2013 03:03 pm
good selling at 97.50-98.25zone on ES and the 273525-2736.75 area on NQ, would
be an excellent short on bounce that stalls/rejected on popup
31 Jan 2013 03:05 pm
higher highs and higher lows also broken with 95.50-95 unable to hold,confirms
breakdown in selling into any bounce
31 Jan 2013 03:12 pm
if they get back to 97-97.50 on ES and around 2733-34 on the NQ (or a bit lower
on both) they should be sold back down, should not exceed 98
31 Jan 2013 03:13 pm
96 might be it on the ES, or just a tiny bit higher if there is another pop up,
but shouldn't go much further, could see 94 at least
31 Jan 2013 03:23 pm
96 was tested again and turned away again if that is exceeded then a push up to
97 area possible - should be sellers around there if reached
31 Jan 2013 03:24 pm
and still 94 area can be in the cards, maybe down towards 93 if downside gets
momentum
31 Jan 2013 03:29 pm
94 was reached and quickly turned to back up, with 30 minutes left that will
need to hold or retreat back towards this mornings low
31 Jan 2013 03:31 pm
ES staying under 95-95.50 area should keep pressure on, or off if that is
exceeded/held on a dip. should be important in the last 30 minutes
31 Jan 2013 03:33 pm
double bottom at 3:30 PM must hold, can give short covering move higher than
less broken. 95 support should hold to stay above 94 low
31 Jan 2013 03:37 pm
have a good rest of your day, I will catch you tomorrow near the open.S/R should
apply on Globex pre-stock open. mkt still week. Take care
Wednesday-January 30, 2012
(time stamps are EST)
30 Jan 2013 09:46 am
lower open bid right back up from 1501 key support, 1504 area shouldn't be
broken or a reversal, sellers just above
30 Jan 2013 09:50 am
if 1504 is broken, 1503.25 would be next. needs a push above yesterday's high
and not turn right back down
30 Jan 2013 09:56 am
good offer at 1505.50, 1503.25 held so far but should still be sellers
1505-1505.50 area, that area would need broken/held
30 Jan 2013 10:03 am
4.50 point bounce from key support to a double top on the futures at 1505.50,
1503.50 area resistance on bounce. Damage done if 1501 not defended
30 Jan 2013 10:05 am
1498.25-1497.50 zone was tested before the open and if 1501 not quickly reversed
up it should get a test
30 Jan 2013 10:12 am
trying to hold just over 1500, but not much upside before pushing lower again,
1502-1502.50 small resistance, 1504 should be strong area
30 Jan 2013 10:16 am
1502.25 sold, pressure still on, a break 1500 sends them towards98.50-97.50, and
that should give reversal back up, or bounce attempt
30 Jan 2013 10:19 am
pretty good buying just above 1500.50 on the pullback, need a push above 1502.50
though to take pressure off and make a pullback a by instead of
30 Jan 2013 10:22 am
the other way around. 1502-1502.50 sold three times, a break of 50.50 should
mean 98.50-97.50 area
30 Jan 2013 10:33 am
the ES went from support to resistance and back down to 1 tick under 1501.bounce
sold at 1502.25 new R, 99.25 low so far, bounce needs to
30 Jan 2013 10:35 am
stay over 1500, and get above 1501.50-1502 area to take some pressure off. Still
vulnerable under that
30 Jan 2013 10:39 am
should head for 98.50-97.50 area before a short cover bounce 1501 held under,
also helps if NQ stays weak
30 Jan 2013 10:44 am
98.75 low so far, still need to get back above 1501, thats going to be pivotal
this morning, now resistance
30 Jan 2013 10:54 am
test of 1501 pullback from there so far, but if broken/held then 1502.50 next
resistance that needs clear to get out of trouble
30 Jan 2013 11:02 am
we have had good early movement lately, then after the first 60-90 minutes
things slow down. 1501 reached, pullback should hold 1500 @worst
30 Jan 2013 11:13 am
1501 pushed above and 1502.50 reached on the bounce, pull backneeds to bounce
from 1501 or it least day above that to avoid turning back down
30 Jan 2013 11:26 am
so far market has gone by the numbers, bounce finding sellers, a break of 1501
should get bid up a bit, then come down again if 1502.50
30 Jan 2013 11:28 am
is not pushed above, then hold 1502 on a dip
30 Jan 2013 11:30 am
NOTE: I will be away today from around 12:15 PM until 1:15 PM. Shouldn't miss
much if that is a dead time pre-Fed
30 Jan 2013 11:32 am
1501 is still holding, that is a transition area, was he coming in to the day
and has acted bearish under and bullish above mostly. So now
30 Jan 2013 11:34 am
needs to get a pushed back over 1502.50 on this move and try to extend upside
towards 1504. Another failure at 1502.50 with need a bounce on tiny tip
30 Jan 2013 11:35 am
tiny dip no further than 1501.75-1501.50 to have a chance pushing higher
30 Jan 2013 11:39 am
1503.50-1504 is the next resistance, 52.25-52 area should hold on a pullback to
keep upside intact. Kind of a "normal" day so far.
30 Jan 2013 11:40 am
there will be sellers at higher prices, but for now no damage done unless 1501
on ES and 2741 on NQ are held
30 Jan 2013 11:47 am
bounce from 1502.25-1502 pullback support,if pullback goes much further, then
bounced that follows likely sold on way back to 1501
30 Jan 2013 11:55 am
1502 is holding, but at the moment buyers backing away at 1503, but if pushed
through then possibly to 1504-1504.50 and then likely pullback
30 Jan 2013 12:01 pm
lost gas under 1503 on the ES and 2748 on the NQ, a bounce should stay under
those and retest 1501, which must give bounce to avoid drop
30 Jan 2013 12:11 pm
break under 1502 gave a 3 tick bounce that reversed and down to 1501.25 so far,
another bounce should fail under 1503 the way this looks, if not
30 Jan 2013 12:12 pm
1504-1504.50 area would be next. I need to be away for about an hour, I will
update as soon as I return
30 Jan 2013 01:11 pm
a decent bounce from one tick under 1500, as long as 1502.50 hold it could get
to 1504-1504.30 then turns back. 1502.50 key
30 Jan 2013 01:20 pm
the NQ having a bigger move and leaving the ES a bit, next pop up should be sold
into, 1500.75 is important on the ES, 2737.50 on the NQ
30 Jan 2013 01:29 pm
NQ at a bounce resistance, the ES back to tests 1503.50 bounce high area. A
split market harder to read. However, pullback low made 70 min
30 Jan 2013 01:31 pm
all pullbacks, even a decent run back to 1500, have been bought-though not
aggressively as its just a 3.50 point bounce so far. another dip
30 Jan 2013 01:32 pm
should stay over 1502 if going to try to nudge a bit higher before the Fed
release and about 45 minutes
30 Jan 2013 01:46 pm
1503.50 has been bounce high for about 45 minutes, pullback low at 1502 would
need instant bounce, or can be breaking down before Fed release
30 Jan 2013 01:58 pm
the Fed release in about 15 minutes, could be bounce back up from 1502 area, but
now bounces not wanting to stick and better shorts most likely
30 Jan 2013 02:00 pm
Dow on its way down, the NQ is holding up better than the blue chips which
hasn't been the case for a while. I will update near Fed release
30 Jan 2013 02:17 pm
Fed announcement, initial move down a bounce back should occur but gets sold
into at higher prices, that's the normal pattern , we will see here
30 Jan 2013 02:24 pm
at these levels up here there's not going be a rally that can stick, selling
into strength after double top, 98.50-97.50 key support
30 Jan 2013 02:27 pm
stayed above early low so far but needs to get above 1501 at least to get a bump
up towards 1503-1504 possibly
30 Jan 2013 02:28 pm
a very mutated response to the Fed decision and commentary, if this fails around
1501-1501.50, there could be another push down before bottom
30 Jan 2013 02:31 pm
1501.50 barely exceeded and at logical resistance around it 01.50, needs
cleared/held or getting another pullback here
30 Jan 2013 02:35 pm
got a quick pullback,bounce back. 1500 a support and could be bounce attempt if
tested again, and reversed back up.
30 Jan 2013 02:38 pm
1500 reached and a small bounce attempt so far, down to 98.25-97.50 if the
99.25-98.75 low area is broken through, then could spring back
30 Jan 2013 02:42 pm
99.75 was held, ridiculous how tight the ranges are, upside appears limited, but
may not be if that holds as double bottom and 1501.50 exceeded
30 Jan 2013 02:46 pm
another reversal at 1501.75, sellers on all of the pop ups today in this range
with profit taking in the lungs underwater selling, next ounce
30 Jan 2013 02:47 pm
will also fail, should go for the 98.25-97.50 area, could bounce there but not
stick, buyers backing away at these levels
30 Jan 2013 03:00 pm
a bounce from 1498.25-1497.50 support doesn't have much gusto yet, back above
1501.50 and hold needed on this move up, bounce should be sold
30 Jan 2013 03:01 pm
though that could be the low for the day if 1499.50 is not broken on pullback
from 1500.50-1501 area
30 Jan 2013 03:04 pm
I must leave a bit early today, and tonights update will be short.apologies.
Things have changed and should pullback a bit more before
30 Jan 2013 03:07 pm
decent bounce can occur, didn't have a chance to get folks into swing trade on
short side, maybe a good thing in front of employment data
30 Jan 2013 03:08 pm
have a good rest of the day, I will see you here tomorrow morning hopefully
closer to the open then today. 1401.50 still key end of day
30 Jan 2013 03:09 pm
and the 98.25-97.50 area on the downside. Take care
Tuesday-January 29, 2012
(time stamps are EST)
29 Jan 2013 09:22 am
good morning. the ES traded from resistance down to support, and now the
95-99.50 prior support is new resistance.
29 Jan 2013 09:25 am
a note, this afternoon are I will be away from around 12:15 PM until 1:15 PM.
Apologies for the longer break time.
29 Jan 2013 09:27 am
Consumer Confidence at 10 AM should be important number this morning, maybe a
reason for a decent move
29 Jan 2013 09:37 am
ES needs to be clear 96 and NQ clear 2731.50 it is weaker early on. PS small
support 94.50
29 Jan 2013 09:41 am
94.50 was held, but should be some selling into strength and then another
pullback would need to still hold that area
29 Jan 2013 09:53 am
pullback held 94.50, and more short cover on move over 95.75, a pullback should
hold 95.50, orwill be hard getting back up towards 1498-1500
29 Jan 2013 09:55 am
consumer confidence in about four minutes
29 Jan 2013 09:59 am
if they are going to get over 1498-1500 area 96 area needs to hold on consumer
confidence number and spring higher.
29 Jan 2013 10:08 am
Consumer confidence number worse than expected expected and a bounce sold
91.25-90.50
29 Jan 2013 10:13 am
The early low taken out by one tick and then turned back up, 95.50-96 should not
be cleared/held
29 Jan 2013 10:14 am
If it is, then they run up to test the high area possible again
29 Jan 2013 10:21 am
Pausing at the 95.50-96 area and push through to test the high, 95.50 pivotal if
they pull back there again
29 Jan 2013 10:26 am
Double bottom and double top, If 96.50 is held, a chance to poke over 98, but
likely turned back down from 99.
29 Jan 2013 10:30 am
96.50 broken, if a dip down to 95.75-95.50 gets turned right back up, then good
go back up one more time but
29 Jan 2013 10:32 am
So many rejections at resistance, the 1498-1500 area needs broken through and
not turned right back down
29 Jan 2013 10:37 am
95.50 was touched 2 times, no follow-through on bounce attempt, must get over
96.50 soon or
29 Jan 2013 10:38 am
Heading back towards 94.25 or maybe test/break double bottom if it gets momentum
29 Jan 2013 10:47 am
96 was taken out and back up to test the high, 5 times up here counting 2 times
yesterday afternoon
29 Jan 2013 10:49 am
If 96.50 holds then they could push to 99.50-1500.50 and then pullback again. If
96.50 area not bid 95
29 Jan 2013 10:56 am
96.50 able to hold and now best chance to push up to 99.50-1500.50. Another
failure, break 96.75, can break this
29 Jan 2013 11:03 am
If not going to punch through 98, then should be sold back down but need to
break/hold 96.50
29 Jan 2013 11:07 am
96.75 was a bid back up, that must hold along with 2727 area on the NQ to avoid
reversal again
29 Jan 2013 11:18 am
I missed on that as they took out 96.75 but quickly turned back up, again to
test 98 area. Should go through
29 Jan 2013 11:18 am
And go for 99.50-1500 then turn back down.
29 Jan 2013 11:21 am
Finally took out 98 and so far just missed 99.50-00.50 area, 97.50-97 area needs
to hold on a pullback
29 Jan 2013 11:25 am
1500 was tested and now pull back must hold 98.50-98 old high area today to
avoid breaking down a bit
29 Jan 2013 11:33 am
Needs to hold 1500, if broken and that turned right back up then 98.50-98.00
important to hold
29 Jan 2013 11:37 am
Popped over 50.50 up to 51.00, needs to be bid back up from 99.50 area, that
breaks then 98.5-98 key
29 Jan 2013 11:52 am
1499.75 pullback low but didn't stay there very long, market currently
comfortable about 1500
29 Jan 2013 11:53 am
But if 1500 broken again, then another pop up that follows should be sold into
for a better pullback
29 Jan 2013 11:56 am
ES has been in a 1.25 point range for 25 minutes, should breakout of this soon.
29 Jan 2013 12:01 pm
A move back to 98.50-97.75 area should be bid back up if reached to keep door
open for
29 Jan 2013 12:02 pm
another move back up to this area. It's struggling up here and could see that
area staying under 1501
29 Jan 2013 12:07 pm
There is a double top/123 top, 99.25 small support for a pop up, if broken then
down to 98.15-98.00 area should be key
29 Jan 2013 12:12 pm
1449.25 holding but should be sold into, should not take out the high, else
1502.50, but test 98.50-97.75
29 Jan 2013 12:13 pm
If 99.25 broken, also 2736-35 on the NQ
29 Jan 2013 12:20 pm
The heat is on the NQ on the moment and the ES should follow pretty soon
29 Jan 2013 12:22 pm
The better the bounce the better the shorting opportunity at the moment, another
pop up on the NQ a short
29 Jan 2013 12:26 pm
ES holding under 50.25 unless it exceeded can to go for 98.50-97.75, must hold
around there if going to come back up to 1500
29 Jan 2013 12:28 pm
NQ bounce just missed last trapped at 2735.75 when ES popped, they should get in
sync
29 Jan 2013 12:40 pm
ES based out at 99.25, and just got above 1500.25, a pullback should stay above
99.25 at worst to keep upside going
29 Jan 2013 12:41 pm
Pullback should hold 1500.25-1500.00 and pop right back up and take out 1501
high before selling
29 Jan 2013 12:45 pm
Pop over 51 was sold immediately and still needs to hold 50.50-50.00 area to get
another push higher.
29 Jan 2013 12:51 pm
After the early drop Pop and drop was turned up, a long stall at 98.00 old
resistance broken/held and in trend up
29 Jan 2013 12:52 pm
To the 1502.50-1503.50 zone, if there is going to be a pullback it should be
from that area. However, the uptrend
29 Jan 2013 12:53 pm
Will stay intact as long as 50.50 area holds, or 99 area at the lowest.
29 Jan 2013 12:55 pm
FYI, appointment that was to be from 12:15 PM until 1:15 PM has been put off
until tomorrow at that time. Sorry for any confusion
29 Jan 2013 12:58 pm
That may be an afternoon high and they break the trend of action if this takes
out 1500.50.
29 Jan 2013 12:59 pm
1502.50-1503.50 should be seen the latest is acting and able to break/hold 1500,
things change if broken
29 Jan 2013 01:01 pm
If they are going to push up there, it should happen off of that 51.00 dip that
was just made. NQ running out of steam
29 Jan 2013 01:06 pm
Made it to the 1502.50-1503.50 zone, should see some pullback but needs to stay
over 1501 to stay strong and trend up day
29 Jan 2013 01:11 pm
1501 was prior double top before the small pullback based out at 99.25. Other
support there also. Must hold or go towards
29 Jan 2013 01:12 pm
1500.25 and then test/break 1499.25-1498.50 area
29 Jan 2013 01:22 pm
Fullback held 1501.00 so far, so far held for about 25 minutes. Didn't stay over
1502.54 very long, but
29 Jan 2013 01:25 pm
If 1501 is broken, it will change short-term dynamics, and put 99.50 back in the
picture.
29 Jan 2013 01:26 pm
Market getting top be looking and though there could be a bounce from 51 I think
that the 1502.50 needs to be taken out
29 Jan 2013 01:27 pm
And that 1502.50-1503.50 is an important area, if not able to stay up here this
afternoon
29 Jan 2013 01:34 pm
Pullbacks held 1501.25 keeping up trend alive, 1501 minor support, 99.25 support
under that. 98 area very important today
29 Jan 2013 01:38 pm
If another push over 1502.50 only has a small dip to around 1501.50 at lowest,
then should continue up to 1503.50 area next
29 Jan 2013 01:40 pm
Coming into today I felt that a pop over 1500.50 would get quickly reversed, but
it has been trend up
29 Jan 2013 01:40 pm
and there was only a small pullback to 99.75 that turned right back up, so
basically held 1500. If not for
29 Jan 2013 01:41 pm
This trend up action with all dips being bought, I would be looking to short
this area, but for now
29 Jan 2013 01:43 pm
This is not a move to go against it, unless for a quick and small scalp. Would
need break of trend up today
29 Jan 2013 01:44 pm
To do much on the short side for now, new highs are being sold so that could be
a scalp against 1503.50 if another push higher.
29 Jan 2013 01:45 pm
To keep going strong this should now stay above 1501.75 probably at the lowest,
otherwise dynamics could be changing
29 Jan 2013 01:48 pm
The NQ just tested its high that was made before noon for the second time
2740.50 early high, that will need taken out to keep things in sync
29 Jan 2013 01:51 pm
1501.25-1501.00 a key support on this pullback, next support should be sold into
29 Jan 2013 02:02 pm
Pullback held at 1501.25, ES testing its high while the NQ backed away from its
early high for the fourth time
29 Jan 2013 02:02 pm
But unless 1501.25-1501.00 is broken the trend up move can continue
29 Jan 2013 02:04 pm
Token higher high should be sold into, pullback 1.00-1.75 points if this
symmetry continues on upside
29 Jan 2013 02:09 pm
Just a 3 tick pullback off of new high, stays strong above 1502.25 area on a dip
29 Jan 2013 02:12 pm
1503.50 token higher high again, 1502.15-1501.75 pullback support that needs to
hold
29 Jan 2013 02:13 pm
A 1.00 point pullback was bid back up so far, that area needs help or there will
be a test of the 1401.25 key area
29 Jan 2013 02:14 pm
Trend update so far right to the top of the 1402.50-1403.50 resistance zone,
that area should be hard to get above and hold
29 Jan 2013 02:15 pm
The market is still in a trend up mode but that could be a top for a while, that
NQ failed 5 times at early high also
29 Jan 2013 02:15 pm
That after a ~10 minute break.
29 Jan 2013 02:29 pm
On a bigger timeframe the NQ failed on 2 tests of the early high, but at least 4
once smaller time frame and
29 Jan 2013 02:30 pm
Top is in on that index for today, ES action not looking as good staying under
1502.50 after reaching 1503.50
29 Jan 2013 02:33 pm
1501.00 should be pivotal, if broken and not quickly turned back up, then a move
back under 99.75-99.25, so 1501
29 Jan 2013 02:35 pm
Is as far as a pullback should go or the trend up day will be over, a high
probably in but 1501 key
29 Jan 2013 02:51 pm
Bounce attempts on the ES and NQ, but didn't stick, need a hold over 1501.50 and
2735 on NQ
29 Jan 2013 02:52 pm
NQ is probably the better vehicle to trade but that's your choice, 2739-2740 has
been rejected a bunch and also
29 Jan 2013 02:53 pm
ES turned it down from 1503.50 resistance and a bounce failed so far. The ES
would need to break/hold over 1502.50-1503
29 Jan 2013 02:54 pm
To avoid more downside, and end the day on a really strong note.
29 Jan 2013 03:00 pm
Need to have a convincing break back under 1501 for this to have some damage
done. So far its just a 2.00 point pullback
29 Jan 2013 03:10 pm
ES been choppy churning in a 2.25 pt range since 2 PM, 1503.50 still the key R,
1501 key S. No damage done unless 1501 broken
29 Jan 2013 03:12 pm
Top was made around 2 PM, 2.25 point pullback low made just after 3 PM, a
pullback will be bought as this looks like
29 Jan 2013 03:16 pm
Token higher high sold down 1.25 point so far, holding 1502.50 can keep this in
bullish mode for another token higher high
29 Jan 2013 03:20 pm
If this makes a lower high around 03.50, then breaks/hold under 02.50, a push
down to 1501 then snapback. If higher high, should be sold
29 Jan 2013 03:24 pm
Test of a high sold into but if 1502.50 is held there can be one more try to get
upside going
29 Jan 2013 03:26 pm
There hasn't been buying on every dip today so as long as 1502.50 is not broken
this can continue moving up, but a break of that would
29 Jan 2013 03:28 pm
Changed things a bit, and then 1501 area could get a test and that is key area
on any pullback. Thats about it for today, not surprised if
29 Jan 2013 03:29 pm
The trend a day gets a push towards 1506 as long as 1503-1502.50 area is not
broken. Shouldn't go further today
29 Jan 2013 03:30 pm
Have a nice rest of your day, I will catch you tomorrow morning but most likely
about ~10 minutes after stocks open. Take care
Monday-January 28, 2012
(time stamps are EST)
28 Jan 2013 09:30 am
overnight low that support and a rally to 1500 which was touched and backed
away, that needs cleared held else 97.50 at least
28 Jan 2013 09:37 am
selling into strength at last weeks high and just under 1500 round number, need
brake/hold 98 for a pop up, 96 small support 94.25 key
28 Jan 2013 09:51 am
back away from 98, where there was a good offer, then 96.50 small double bottom
- so vulnerable under 98
28 Jan 2013 09:55 am
where do you get back above 96.75-97.25 then turn right back down, that is
bounced resistance, a housing number in five minutes
28 Jan 2013 09:57 am
the NQan ES going completely different ways ES from high to low and NQ from low
to high. That should be straightened out soon, first 40 min
28 Jan 2013 10:03 am
94.25-93.75 support needs held and then take out 96-96.50 just to get to neutral
and possibly better move higher, ES not looking good otherwise
28 Jan 2013 10:08 am
the NQ turned out from a key resistance around 2743, that could add pressure if
a top there also, initial support broken so 92.50
28 Jan 2013 10:17 am
92.50 was a minor area and could be on the way to the 90-89 area and then
possibly countertrend move, but per last week swing trade short
28 Jan 2013 10:20 am
for a pullback that lasts a few days in order. But want to lock-in some profit
down around 90-89. Was a decent bid off 91.25, 94.50 resist
28 Jan 2013 10:27 am
almost to the 94.50 R, should stay above 93-92.50 area at worst to keep uptrend
off of low intact, 94.50-95.00 area pivotal
28 Jan 2013 10:38 am
94.50-95 area reached and spending its wheels, 93.50 pullback support would need
to pop up on a test of that area, 2736 area on the NQ
28 Jan 2013 10:43 am
93.50 on the ES and 2736 on the NQ both were bid back up, now must get above 95
if there's going to be any more upside
28 Jan 2013 10:50 am
96.50- 97 resistance for pullback that needs to hold 95-94.50 at the lowest to
keep from being just countertrend bounce, looks like low
28 Jan 2013 11:09 am
Not able to get over 96 but in a stairstep up unless 94 broken, NQ back at its
high/resistance
28 Jan 2013 11:15 am
this This is not a bullish pattern, prone to decent break if 94 taken out on
pullback/drop. Then a pop up will be sold. Pressure under 96
28 Jan 2013 11:36 am
94.25 last pullback low , this can avoid turning umless broken. 96-95.50 S
28 Jan 2013 12:15 pm
Hi Everybody, this is Julie. Mike is having some computer problems. He hopes to
be with you very shortly.
28 Jan 2013 12:49 pm
Okay, I will need to do my best with very slow voice software and a few other
issue that pullback bounced from 95.50 but can back towards
28 Jan 2013 12:57 pm
Still a buy the dip action unless 95.75-95.50 not held on a pullback but need to
get over 97/hold
28 Jan 2013 01:03 pm
Sell under 97, NQ may be a better short on a pop, ES should not get over 97 and
hold, 2743 on the NQ
28 Jan 2013 01:20 pm
a bounce from 94.75 to 95.75 was sold right back down, and unless 95.75
cleared/held this can still go of the lower to the 94-93.50 area
28 Jan 2013 01:36 pm
94.00 was reached and getting a bounce that needs to get over 96.75 area to
break downtrend
28 Jan 2013 01:44 pm
94 area should be important low to stay above to avoid potential drop towards
92.50, 97 still bounce resistance
28 Jan 2013 01:53 pm
Sellers here, need a bounce from 95 with some gusto
28 Jan 2013 02:05 pm
uptrend holds unless 95.50-95 broken on pullback from 96.50-97
28 Jan 2013 02:12 pm
There could be another rejection of 1499-1500, but will need to get their first.
A hold over 96 keeps this going
28 Jan 2013 02:20 pm
If this is going to stay in grind higher mode and not turn back down then should
stay of up to 96.75
28 Jan 2013 02:20 pm
Area on a pullback, much more than that and 97.75 could turn into a top
28 Jan 2013 02:31 pm
ES fell to 96.50 and turned right back up and NQ can lead this higher, dollar
cash 13,900
28 Jan 2013 02:32 pm
Thats the Dow cash resistance at 13,900, was early high and and double top
there. So most clear that and
28 Jan 2013 02:34 pm
Not turn right back down, as there have been sellers up between 97.75 and 99.50
3 days now
28 Jan 2013 02:35 pm
96.50 should be more important now that another potential double top in place,
28 Jan 2013 02:36 pm
Another push lower well-being to quickly turn back up again from around 96.50,
or going towards 95 area
28 Jan 2013 02:43 pm
Buying again at 96.50, keeps the market from turning down, upside could get a
poke towards 99.00-1500.50
28 Jan 2013 02:44 pm
If that 96.50 area is able to hold it they go there a third time. Needs to punch
through 97.75 on this move
28 Jan 2013 02:47 pm
Should be very difficult making a good push higher that will be able to stick.
Should see selling into strength
28 Jan 2013 02:48 pm
On push to the 1499-1500 area on this leg up
28 Jan 2013 02:51 pm
98.00 sold, but should hold 97.25 and turn up on a small dip to have a chance of
popping through
28 Jan 2013 03:03 pm
Holding 97.25 can keep this grinding higher and get to the 99-1500 area before
backing off, at least should
28 Jan 2013 03:04 pm
Have difficulty getting through 1499.50 early high and 1500.00 Globex high
shortly before 9:30 AM open
28 Jan 2013 03:05 pm
The pullbacks have only been about 1.00-1.25 points on the ES before pushing
higher, and stays
28 Jan 2013 03:07 pm
Away from a potential reversal up here as long as 97.25 area is held. Much more
than that and
28 Jan 2013 03:07 pm
The market could get a little soft and start heading lower from up here
28 Jan 2013 03:08 pm
That should be it for this rally, or another pop-up will be sold if there is one
28 Jan 2013 03:10 pm
selling started top of the hour, more than normal due, 96.50 should be key
support, if broken must quickly turn back up
28 Jan 2013 03:12 pm
If they can hold 96.50 and make a move back towards 97.75-98 area, a stall or
some rejection gives another pullback
28 Jan 2013 03:16 pm
The ES will need to in the day about 98 or a bit higher for the S&P 500 cash to
close up 9 straight days
28 Jan 2013 03:19 pm
96.50 key support end of day, and 98.50 area on top, possibly poke up towards
99.50-1500 before rejection
28 Jan 2013 03:20 pm
But doubt that occur, look for this pop up to be sold into
28 Jan 2013 03:22 pm
95.25 small support, 94 area key support if this continues lower.
28 Jan 2013 03:23 pm
If they bounce back towards 97.25-97.75, that should be sold into, but will take
some work getting back there
28 Jan 2013 03:28 pm
95.25 broken by 1 tick, so far, still should see decent bounce sold into end of
day. 97-98 good R
28 Jan 2013 03:30 pm
So far today it was Down, up, down, up, and back down. A move over 97-97.50 at
least to turn back up
28 Jan 2013 03:31 pm
Have a nice rest of your day. I will catch you tomorrow morning sometime around
the open. Take care
Friday-January 25, 2012
(time stamps are EST)
25 Jan 2013 09:32 am
the ES rallied from 86.75 support area to 97.50 big resistance area overnight,
if no bounce from 93.75 down to 92.50 area. 96 needs cleared
25 Jan 2013 09:34 am
95 small resistance here but if that is not clear in 93.75 brokenthis can still
push lower towards 92.50
25 Jan 2013 09:38 am
95 cleared easily, that is pivotal. 96 looks important, if pushed above they
could spike up to 97.50-98 area and probably turned back
25 Jan 2013 09:43 am
pull back from 96 reversed up from 94.75,still is a pivotal area. A push up to
97.50-98 area should be sold into. 95.25 support
25 Jan 2013 09:46 am
97.25 was promptly sold, buyers backed off and longs look for an exit, needs to
stay over 95.50-95, or next bouncewould also fail
25 Jan 2013 09:48 am
95.25 bid back up a bit, that's as far as a pullback should go,also watch 2730
on the NQ, that could be a pivotal level there
25 Jan 2013 09:52 am
rejection of 97.25 should mean a top in place, or should be sellers if it gets
back up there. a number at 10 AM, if 94 holds could there
25 Jan 2013 09:56 am
NQ opposite of yesterday, much stronger than ES so far. The ES is moving with
the Dow again, but NQ could become leader. 95.50 needs to hold
25 Jan 2013 09:59 am
if 96 holds in the NQ stays in uptrend, the new home sales number could give a
pop to 1500. No reversal back up from 96 area could be turning
25 Jan 2013 10:00 am
number out, 96 broken, need a move above 96 to get one more pop up but would be
sold into
25 Jan 2013 10:05 am
92.50 is a key level and down to 91.25 if broken. 95.50 needs cleared/held to
get a bit higher towards 96.50 area
25 Jan 2013 10:09 am
95.50-96 area should be sold if going lower, and NQ stay under 2738 otherwise
good run back towards the high if cleared
25 Jan 2013 10:14 am
95.75 bounce high so far in the NQ flat but toppy,under pressure under 95.50-96
on ES
25 Jan 2013 10:22 am
so far a good bid between 94-93.50, and good offer between 95.50-96.00. choppy
with quick moves both ways, stalling 95.50 and needs push soon
25 Jan 2013 10:25 am
upside stalled out at 95.50 and should be headed towards 92.50 or lower on this
move
25 Jan 2013 10:26 am
91.25 would be next to no reversal ffrom 92.50 area. It's a short under 96
25 Jan 2013 10:27 am
on bounces until there is a decent enough pullback that the market decided to
stall out and get a bounce
25 Jan 2013 10:29 am
94 area would be resistance if they bounce from 92. If 92 broken 91.25 small
area then 89 area
25 Jan 2013 10:32 am
91.25 level was reached, resistance around 93.25-94 and should be sold from
there or a lower if making another push to the downside
25 Jan 2013 10:35 am
92.50 turning into resistance, pressure on unless broken. If it is broken then
93.25-94 still resistance should be sold into
25 Jan 2013 10:41 am
token lower low quickly reversed and a bounce back to 92 so far, prior bounce
high area, a move above that needed to reach 93.25-94 R
25 Jan 2013 10:46 am
93.00 was reached,instantly sold, with a good offer above best to stay with
shorts down to the least 89
25 Jan 2013 10:50 am
a small bubble bottom at 90.75, we had one yesterday but at a support area,
still should see selling into a pop-up to 93.25-94
25 Jan 2013 11:05 am
double bottom meaningful, acted just like yesterday, 94 resistance still but
pullback should hold 93.50-92.50 or keep pushing towards 95-96
25 Jan 2013 11:14 am
running out of steam and needs to hold 93.50, 94.50 is now important resistance
to clear to get to 95.50-96
25 Jan 2013 11:17 am
that should be it for this bounce for now, could bounce off of 92.50 but then
not stick and come back down again
25 Jan 2013 11:27 am
a bounce from 92 went 1.25 point so far and shouldn't get above 94.50/hold
unless turning strong and going for 96
25 Jan 2013 11:28 am
choppy action, theres been 4 tick extremes, each marked a high or low within a
few minutes. Watch that if you have my book settings. not far
25 Jan 2013 11:30 am
from getting one up here, should see some pullback here or within a few minutes
to keep perfect record today
25 Jan 2013 11:33 am
there should be buyers on a pullback to 92.50 area again, that looking like key
support at the moment. 94.50 still the key area above. Needs
25 Jan 2013 11:35 am
to turn down soon from under 94.25, or next dip gets bought and ES could test 96
25 Jan 2013 11:40 am
dip from test of 94.50 holding 93.50, unless that's broken/held this can push
towards 95.50-96 area next.Need help from NQ, it needs upturn
25 Jan 2013 11:42 am
the NQ not looking so good, it needs to hold the 2724 area and turned up, or ES
going to come down also
25 Jan 2013 11:43 am
pullback on ES held at 93.50, the NQ turned up from 2724, those or important
support areas now or trends could change
25 Jan 2013 11:54 am
the NQ is moving better than has been a better short most of the day, the ES has
a double top at 94.50, 92 must hold
25 Jan 2013 11:58 am
93.50 area should be sold if this is headed lower, 92 is a transition area of
sorts off of the double bottom, should be bid back up there or
25 Jan 2013 12:00 pm
downside could get some momentum, if not then next bounce would be sold into.
25 Jan 2013 12:02 pm
the NQ has almost back to its low, that is still a short on bounces, the better
the bounce the better the opportunity. ES needs to break the
25 Jan 2013 12:04 pm
92.50 - 94.50 range and be able to hold. I will be back around 12:30 PM roughly.
25 Jan 2013 12:24 pm
back up to the 97 area, and the NQ has resistance just above its last high up at
2732.50 if it gets a bounce. But expect selling up there,
25 Jan 2013 12:25 pm
there should be buyers at or around 95.25 at the lowest if there's going to be
another pop to the 97-98 area
25 Jan 2013 12:28 pm
the Dow cash tested its early high also and back away, 95 was held so far but if
broken the high up here likely not retested
25 Jan 2013 12:30 pm
94.50 was the breakout level for this run up, last trap sellers need to cover
off of there and get a bounce, or could see 92.50 area, NQ better
25 Jan 2013 12:31 pm
or easier short if another bounce
25 Jan 2013 12:41 pm
NQ almost back to its low for the fourth time, will need another bounce from
2722-2721, and ES stayed over 94.50, to keep out of trouble for now
25 Jan 2013 12:46 pm
the ES backed away from 96.75-97.53 times including Globex and so far twice up
here in the day session, if that can be taken out, doubtful,
25 Jan 2013 12:46 pm
but they could then make a move up to tag the 1500 level on the ES and then back
away, then 97 would be a support to hold
25 Jan 2013 12:58 pm
bounces not sticking being rejected at 96, NQ common of bounce high, sell up
pops and then cover on the pullbacks that stall
25 Jan 2013 01:05 pm
94.50 was held again, look for another bounce off of that level if touched again
for a pop that towards 96 were just below
25 Jan 2013 01:06 pm
it can be traded either way as a scalp in this range until until broken. It's
not much, so maybe stand aside until a good set up while churning
25 Jan 2013 01:19 pm
Spike up to 96.50 was sold down to 95.25, turned back up. Be a buyer on
pullbacks up to the 97.50-98 area, possibly scalped shorts around there
25 Jan 2013 01:25 pm
from 96.50 back down to 95.25 again, that area needs to continue being bought,
or they could open the door for another drop towards 92.50.If
25 Jan 2013 01:27 pm
if there is a bounce up to 57.50-58.25 area, it would need to stall or show
rejection to be sold, or else could get short covering to 1500
25 Jan 2013 01:30 pm
94.50 is a transition level and key support this afternoon, a break/hold of that
would start a decent pullback/drop. Sellers above but avoids
25 Jan 2013 01:32 pm
break down unless thats broken.
25 Jan 2013 01:41 pm
96 shouldn't be broken if this is going to push to/through 97.50-98 area, fourth
time up here
25 Jan 2013 01:45 pm
they pushed through to 97.50 so far, should hold 96.50 at worst to keep this
breakout going, pullback from 98.25 possible but will bought
25 Jan 2013 01:56 pm
from 98.00 down to 96.50, there can be another run up unless 96.50 is broken,
94.50 Key support this afternoon, reward/risk on longs
25 Jan 2013 01:58 pm
it is getting up there but if this continues stairs stepping higher and 96.50
prior double top area holds they can make another pop up
25 Jan 2013 02:09 pm
94.50 was held and retested 98 resistance, unless this goes back under 96.50 it
stays in a stairstep type move higher and possibly 1500
25 Jan 2013 02:10 pm
will be seen before the end of the day the wave this is acting currently. We are
in a resistance zone, but uptrend intact over 97.00
25 Jan 2013 02:14 pm
98.50 might be a high for a while, if not then they could still tag the 1500
level and then back away
25 Jan 2013 02:18 pm
a bounce will be sold into after the shakeout, look for another pullback on a
test of 97.75 or lower
25 Jan 2013 02:36 pm
if no pullback from here, or there is one but holds 97.75, still can move higher
25 Jan 2013 02:45 pm
this will probably hold up as long as the NQ stays above 2736-2735, but if that
breaks it could pull ES down with it
25 Jan 2013 02:48 pm
the NQ took off as soon as as soon as I sentthe last note, that should hold
2738-2737 area now, ES should stay over 97.75 is going to 1500
25 Jan 2013 02:53 pm
that is probably going to be it for the up side, market does not want to stick
up there
25 Jan 2013 02:55 pm
the token higher high on the ES was sold, another pop-up to that area should be
sold into. If it's not, wouldn't be much further to 1500 so
25 Jan 2013 02:59 pm
treat that as a major area, beginning another swing trade position between 1498
and 1502. If 96.50 not held that area not likely screen
25 Jan 2013 03:09 pm
they are going to begin to hit the exit door unless somehow there are a lot of
shorts still stuck. If unable to clear 97.50, back towards
25 Jan 2013 03:09 pm
94.50 afternoon transition area, the NQ made it all away from a new low to a new
high and now leading
25 Jan 2013 03:16 pm
bounce failed at 97, pressure on still unless 97.50 is exceeded and they don't
turn right back down. 2734.50 has been pivotal on NQ, good R
25 Jan 2013 03:17 pm
94.50 is the next support under 95.50 which is where 60 EMA dynamic trend
support is currently, has been obeyed 3 times today so far
25 Jan 2013 03:29 pm
95.50 was held, the NQ just tested 2734.50, and the ES 1496.75, if both are
pushed through there could be a bit more upside than pullback
25 Jan 2013 03:32 pm
the way this week has gone, the market would need to be rejecting the high or
higher to step in front of this. We've had end of day rallies
25 Jan 2013 03:35 pm
maybe not today,I am wanting to see 1500 get kissed and fail to start a decent
pullback. Could still happen but has shown good R 97.75-98.50
25 Jan 2013 03:36 pm
another test the 97.50 should be sold if this is going to reverse or is about to
on Monday,good spot for starting a swing trade short
25 Jan 2013 03:38 pm
have a great weekend. Hopefully this all comes together on Monday, get a
pullback for a few days, then one more rally the end month fails
25 Jan 2013 03:39 pm
catch you on Monday morning
25 Jan 2013 03:47 pm
be short something on a bounce, especially should be get that towards 96-97, you
will get them back at the least. Take care
25 Jan 2013 03:57 pm
97.50-98 area should put a halt to this but if not it would be impossible to go
on up to 1500 and then back off quickly. If not today Monday
Tuesday-January 22, 2012
(time stamps are EST)
22 Jan 2013 09:28 am
the ES made it to 83.25-84.00 resistance down to 75 key support. A move back to
the 81 area should be sold if topping out early. We are an
22 Jan 2013 09:32 am
a timeframe where a top should be made short-term.
22 Jan 2013 09:43 am
initial resistance sold into , NQ the same but leader on the way down. need to
get back above 81 and stick, should stay under 80.25.
22 Jan 2013 10:01 am
there was a good bidfrom 78.50, but buyers well back off at higher levels. NQ
2732-31 and 78.50 area on ES need help or top in
22 Jan 2013 10:04 am
NQ should be the easier to trade this morning as it should be a better short in
downtrend, rejected resistance and obeying dynamic resistance
22 Jan 2013 10:05 am
a test of 77.58 to be quickly reversed or on its way to 75.75-75.25 key area
22 Jan 2013 10:10 am
not much of a bounce from 78, need a push over 79.50 and not turn right back
down, 2732 on the NQ
22 Jan 2013 10:13 am
79.25 bounce high and pressure still on unless exceeded/held on a dip. 2730 area
on NQ same resistance
22 Jan 2013 10:19 am
a bit of a short cover bounce from 77 area but needs to get over 79.50 and 2730
on NQ to get turned back up
22 Jan 2013 10:22 am
even small pop-ups being sold into at 78.00, needs clear/held to try taking some
pressure off for a bit
22 Jan 2013 10:31 am
held under 78 and on the way to test 75.75-75.25 area, anything further and we
could be seeing 70 before 80 again. NQ still trading stairstep
22 Jan 2013 10:34 am
stair step down and the easier to read/trade since the reversal at resistance.
75.75 just reached but still need clear 77.50
22 Jan 2013 10:37 am
bid from key support area, but if this is going to stay in steady persistent
downtrend 77.50 should be rejected. If cleared, bounce possible
22 Jan 2013 10:43 am
78-78.50 area resistance on this bounce, 75.75-75.25 area especially key now
that it has been tested/held
22 Jan 2013 10:53 am
78.50 bounce high so far, there was pretty good buying around 77.50-77.25 and
that needs held to avoid retest of low
22 Jan 2013 10:57 am
NQ needs to get above 2726 to try to change trend, just off of it's a low while
the ES stopped at 78.50
22 Jan 2013 11:03 am
so far the ES went from resistance to support and so far retraced about 50%
278.75 and NQ rejected 2726,should be key resistance, vulnerable
22 Jan 2013 11:10 am
still is a good bid around 77.50-77.25 area, for now the market should be
turning around as long as that's held
22 Jan 2013 11:20 am
78.00 held on tiny pullback, could get to 80.50 if 78.50 held above, could
reverse from there
22 Jan 2013 11:22 am
almost to 80.50 and pull back a bit, 79 needs help to keep up trend and not
reverse.
22 Jan 2013 11:28 am
pullback held at 79.25, another push higher from here should be sold into,
especially the NQ
22 Jan 2013 11:36 am
pop up on the NQ to 2726.50 sold into, ES holding 79 uptrend support, but stuck
at/under 80 more than 10 minutes now, 79 and 2724 meet held
22 Jan 2013 11:51 am
a two-sided day so far, and mixed market between ES and NQ. the ES has
78.75-78.25 for transition zone. must hold to keep up trend.
22 Jan 2013 11:53 am
the NQ just a few ticks off of its low then turned up, needs to hold 2721
22 Jan 2013 11:59 am
the NQ help lift the ES, its close to 81.50 early high, pullback should hold a
area or back towards 79.50 before bounce attempt
22 Jan 2013 12:01 pm
80.25 a pullback low so far, as long as that area holds along with 2724 on the
NQ than everything points higher, if broken a bit bigger dip
22 Jan 2013 12:12 pm
ES stuck at 81.00 and can pullback but as long as 80 holds on a pullback, the
uptrend will stay intact and avoid reversal
22 Jan 2013 12:15 pm
a pretty steady grind higher from the low at support, just 2 small pullbacks of
1.25 pts then back up again. Stay with this as long as a dip
22 Jan 2013 12:17 pm
it is well contained, holding on small pullback of 1.00-1.50 points, which keeps
this above 80. 83.50-84.00next resistance area
22 Jan 2013 12:18 pm
look for a pullback from 82.50down to 81.50-81.00 area and must bounce from
there that plays out
22 Jan 2013 12:26 pm
pullback from 82.75 should hold around 81.25 at the lowest, if not broken the
83.15-84 area gets tested
22 Jan 2013 12:30 pm
both ES and Dow at highs for the day, the NQ rallied back 50% from top to
bottom, keep eye on NQ it must stay strong to keep ES grind higher
22 Jan 2013 12:36 pm
83.28 resistance reached,its a trend up move and stays that way until there is a
pullback more than ~1.50 points on the ES.
22 Jan 2013 12:39 pm
83.50 rejection, 82 must hold on a pullback now at the lowest, a bit higher if
83.50 is exceeded. next update and about 15-20 minutes
22 Jan 2013 12:49 pm
83.75 resistance down to 82.25 pullback low so far is another 1.50 point
pullback, equal to the other two, if broken next pop-up sold
22 Jan 2013 01:04 pm
the ES is holding 82, which keeps it above prior high area at 81.50. The
83.50-84 resistance gave just a small pullback, double top possible
22 Jan 2013 01:06 pm
but unless the ES goes back under 82-81.50 area, the door still open for run up
towards 88 area. But staying up there would not be easy
22 Jan 2013 01:18 pm
almost back to the high after a pullback to 82.00, 83 area needs broken to dent
upside and make potential double top. But should head towards
22 Jan 2013 01:19 pm
88 area on this leg up the way the market is acting
22 Jan 2013 01:20 pm
83 area would be support on a pullback to 84.50 stay is as a high for a pullback
22 Jan 2013 01:28 pm
buyers backing off when new highs reached, but not aggressively sold. If
83-82.50 is not held then a high likely in and bounce fails
22 Jan 2013 01:31 pm
this has been a nice rally off of the low, but getting very extended up here and
prone to selling on another new high
22 Jan 2013 01:38 pm
should be a bit more upside than it gets sold into or breaks under 82 area,
2728-27 on NQ/key S
22 Jan 2013 01:45 pm
buyers obviously in control as long as 82 area holds, but pops to higher highs
have been sold into. Could it another pullback up here
22 Jan 2013 01:49 pm
123 type of top possible here. If not and this does pop above 84.50 there would
be a little breakout and go to 86 before small pullback
22 Jan 2013 02:05 pm
this needs to get back above 83.50 and stick, not come right back down being
sold into, if there's going to be another push higher
22 Jan 2013 02:13 pm
bounce from 82.75 pullback low to test the 84.50 hi, should push through as long
as 83.50 is not broken/held. Need NQ to continue its rally
22 Jan 2013 02:22 pm
only 3 points from 1488, unless this goes back under 82 area theres probably a
chance to get there butt not today. We will see
22 Jan 2013 02:36 pm
86 should get tested, if so then 85-84.50 area will be new trend up support. 88
possible if that works out and pullback holds after reaching 86
22 Jan 2013 02:47 pm
84.00 would be yet another 1.75 point pullback, we have had 4-5 of those since
reaching the low one hour in.Those should continue being bid
22 Jan 2013 02:50 pm
all of the pullbacks are small and well contained, no emotion on the selling,,
just a trickle lower and good back up. stays bullish over 84
22 Jan 2013 02:58 pm
84.50 area shouldn't be reached if is going to continue granting higher towards
88. If 84.50 broken, then things could change end the day
22 Jan 2013 03:08 pm
another pop up likely sold into, day traders who are long likely looking to lock
in profit, especially if pullback is more than 2 ES points
22 Jan 2013 03:16 pm
any kind of bounce will be seen as a selling opportunity it appears late in the
day, dynamics have changed. NQ R 2735, 85.50 on ES
22 Jan 2013 03:19 pm
83-82.50 area is an important support area end of day. As long as that area
holds there is still a shot at seeing 88 before potential top
22 Jan 2013 03:20 pm
need to leave about 10 minutes earlier than normal today. Have a nice rest of
your day. Catch you tomorrow morning
Friday-January 18, 2012
(time stamps are EST)
18 Jan 2013 09:18 am
a tiny overnight range likely means another narrow range day today. 78.00 was a
spike high 2 times, and 75.00 broken, but not held. maybe
18 Jan 2013 09:24 am
we get a test of both levels.But, for the market to have a strong up day,
78.50-79.00 needs to be cleared/held over 78 on a dip. if 75 broken
18 Jan 2013 09:26 am
and not turned back up, then market could be rolling over a bit. Should be a
two-sided day with both sides likely tradable
18 Jan 2013 09:34 am
holding 75 keeps this out of trouble at the moment, NQ will be more active,
Intel should help that move around better
18 Jan 2013 09:36 am
pressure on it a bounce, pretty good selling into little early strength
18 Jan 2013 09:42 am
sold down to 73.50-72.50 zone, if a bounce up to 75.50 area stalls, should come
right back down.
18 Jan 2013 09:47 am
75 was touched and backed off quickly, 75-75.50 bounce resistance that needs
cleared to avoid another drop
18 Jan 2013 09:51 am
75.50 was sold but need a break under 74.50-74 and not turn right back up,to go
down to test support again possibly break that support
18 Jan 2013 09:54 am
the ES had a bounce from 73.25 support area up to 75.50 new resistance but
pullback held 74.25, keeps from breaking down. Philly Fed 6 min
18 Jan 2013 09:56 am
wrong numberit was Michigan sentiment and just-released, still under pressure
under 75.58 short on bounces
18 Jan 2013 10:03 am
so far a potential double bottom of sorts at 73.25 and 73.00, but to avoid
breaking that 75.50 needs exceeded, then hold 74.50 on dip
18 Jan 2013 10:15 am
4 times testing 75.25-75.50, needs to push through some of it going to get
bounce attempt
18 Jan 2013 10:19 am
needs to hold or bounce from 74.50 to have a chance of breaking through 75.50
new resistance
18 Jan 2013 10:20 am
barely poked over 75.50, and ran into some selling, but held 75 so far, not much
upside from here
18 Jan 2013 10:23 am
need to be away about 10 minutes, staying under 75.50 area keeps pressure on to
retest/break 73.50-73.00 low area at support
18 Jan 2013 10:30 am
this could be a slow two-sided trading day, or make a nosedive towards the
breakout area around 69-68 today. As long as bounces fail its
18 Jan 2013 10:34 am
a short on bounces that stall or show rejection near 75-75.50. 73 tested 3
times, a break of 73 would need turned right back up, else 69-68
18 Jan 2013 10:39 am
another test of 73 area,74.50 on the ES and 2733.50 on the NQ will both need
cleared to take some pressure off it appears,
18 Jan 2013 10:46 am
73.00 tested 2 times down here and barely budged to the upside, pressure stays
on unless 74.50 exceeded
18 Jan 2013 10:58 am
ES bounced to 74 while the NQ made another push lower to test its early low and
trying to bounce. Bounces not sticking, but doesn't break
18 Jan 2013 11:00 am
unless 73 broken/held or just staying under 73.50
18 Jan 2013 11:02 am
that keeps the grind lower in gear. The NQ breaking 2727 without a turn right
back up puts more pressure on that also, 69-68 target
18 Jan 2013 11:04 am
opposite of recent action of the ES currently in a steady grind lower since the
double top at 80.50 yesterday.bounce resistance 72.75-73.25
18 Jan 2013 11:09 am
just missed 72.75 on the little bounce, still grinding lower unless that's taken
out
18 Jan 2013 11:21 am
best buying interest all day making it back to 73.50, area of old support, 72.25
should hold on a dip at the lowest to get another pop up
18 Jan 2013 11:30 am
bounce to 74.25 so far, 73 needs to hold or deeper pullback towards 72 ,
74.50-75 resistance to get above
18 Jan 2013 11:38 am
72.25 was well bid on the dip, but bounces are not going to far before selling
again, need a move above 73.50 that can hold from here
18 Jan 2013 11:42 am
so far 2 bounces, 2.75 and 3.25 points on the ES, opposite of the way up. Needs
to hold 72 and move above 74.50 to avoid more downside
18 Jan 2013 11:55 am
72 was broken and went to a new low at 70.50, still should make one more push
lower to test the breakout area before any type of turnaround
18 Jan 2013 11:57 am
if there is a decent bounce it should fail around 73-73.50 to keep downtrend
symmetry intact.
18 Jan 2013 12:14 pm
a push above 72.50 needed soon to avoid another pushed down
18 Jan 2013 12:22 pm
looks like it's going to be one of those days where the market doesn't do a
whole lot, dull action with sporadic 2-3. point moves
18 Jan 2013 12:26 pm
Monday is a holiday also, though there will be Globex trading hours starting
early I believe. Dow was weakest and it's trying to bottom,
18 Jan 2013 12:29 pm
getting over 72.50 and not turning right back down is needed to get out of
sideways movement and attempt 74, 60 EMA on 5-minute chart
18 Jan 2013 12:38 pm
if this is going to be a normal bounce and a new downtrend, this bounce should
be sold at 73-74 area. No higher
18 Jan 2013 12:44 pm
73-74 area is still a key area to push through, needs to stay above 72 if going
to be another push higher. If 72 breaks, then could rollover
18 Jan 2013 12:51 pm
so far we have a 6.75 point range, held above yesterdays low by 1 tick, so have
an inside day with 2 sided "action" pullback should hold
18 Jan 2013 12:53 pm
73.50-73 should hold and go back up to keep outside intact, expect a bounce from
there
18 Jan 2013 01:03 pm
EDS held at 73.75 and climbed back up to 75.00 so far, but can continue up to 76
to make a higher high than some pullback
18 Jan 2013 01:09 pm
that is the ES, not "EDS" need to retrain voice software this weekend for sure,
some goofy errors this week, my apologies. 74.75 needs held
18 Jan 2013 01:14 pm
66 reached, it stays in Bullish mode as long as 75 is held for now
18 Jan 2013 01:18 pm
ES might have its eye on 78-79 area, follow the dynamic support on one minute
chart in your e-book, it's been a guide all the way up
18 Jan 2013 01:21 pm
76.25-75.75 his trend up support, market stalling out so should be tested and
needs to hold or a top of some sort could be in for a while
18 Jan 2013 01:22 pm
need a 20 minute or so break, we'll update around 1:40 PM-1:50 PM unless
something really jumps out.
18 Jan 2013 01:46 pm
the ES went down to 75.25, trying to bounce, but another pop up to a test of the
high or slightly higher high that stalls or rejected
18 Jan 2013 01:49 pm
should set up a tradable pullback. I moved back under 75 should continue towards
74 or lower, and leave a high in up here
18 Jan 2013 01:53 pm
if a bounce off of 76 there could be another pop up above 77.25 high in the
opening few minutes of trading this morning
18 Jan 2013 02:06 pm
75.50 was touched and bid right back up from that level but NQ looking toppy,
another tight range so a breakout could get legs, 78-79 R
18 Jan 2013 02:08 pm
not impossible to get their butt not likely to stick. The VIX plunge along with
stalling out at these levels, will buy some puts, or you
18 Jan 2013 02:12 pm
could buy volatility on a turn up on the VIX. Markets often make turns around
market holidays which we have on Monday. It's a buy on dips
18 Jan 2013 02:14 pm
above 75.75 area on the ES, that should holdto keep up trend going. A move to
78-79area should be sold into if reached. Make sure sign of a
18 Jan 2013 02:17 pm
turn if that area is reached before going against the trend. Upside certainly
should be limited but will wait to get stretched to R or turn
18 Jan 2013 02:23 pm
since running up to 77.00 and just messing a new high by 1 tick it's traded in a
1.75 point range, these have led to breakouts higher but
18 Jan 2013 02:26 pm
mostly after a decent pullback, not necessarily near the high. But very thin,
stalled out up here, needs NQ to turn up real soon
18 Jan 2013 02:32 pm
will have a chance to make it to 78-79 as long as no no move back under
76-75.75. Thats only a few ticks, but the way it looks in tiny range
18 Jan 2013 02:47 pm
78-79 just misssd , high may be in
18 Jan 2013 02:52 pm
76 should be an important support, should not be much lower, if there is going
to be another pop-up. That would be sold into
18 Jan 2013 02:53 pm
Since breaking out yesterday, the market not comfortable up here just yet, but
better on a decent pullback. We may get one of those
18 Jan 2013 02:57 pm
especially if there is a drop through 75.75-75.25 area,If they fall that far a
bounce back should not be able to stick
18 Jan 2013 03:03 pm
Sellers into tiny bounce, but was bid back up from 76.00,has to hold around that
area to avoid late day reversal, bounce will be sold
18 Jan 2013 03:04 pm
especially if that support is broken. Otherwise still a chance for the 78-79
area but doubting that
18 Jan 2013 03:13 pm
still hanging in there by holding 76, but hesitating wanting to go up, another
pop up should be sold into
18 Jan 2013 03:19 pm
so far 75.75-75.25 held on this pullback, and that area should be important in
the last 40 minutes. Market avoids trouble holding that, but
18 Jan 2013 03:20 pm
if that area is broken and they don't bounce right back with some gusto, that
will be pivotal in the ES should at least try for 74
18 Jan 2013 03:22 pm
have a good three-day weekend. Next update will be sent on Monday evening. I
will catch you on Tuesday morning.
18 Jan 2013 03:32 pm
this rally reached 78 so far, as long as 77-76.75 holds no damage done to this
uptrend
18 Jan 2013 03:34 pm
as so far no reversal pattern or much of a rejection, though this area should be
hard to get through and hold.
Thursday-January 17, 2012
(time stamps are EST)
17 Jan 2013 09:32 am
Should see selloff/pullback on a break of 72.50-72, but bounce from 68-67 must
17 Jan 2013 09:38 am
Shouldn't get above 73.50 and hold, should head towards 70 area or lower,
especially if NQ breaks 2738 area and not turn right back up
17 Jan 2013 09:52 am
Pullbacks to just above 70, that needs held or test the 69-68 area, then
possibly a decent run up
17 Jan 2013 09:55 am
72.50 first resistance on bounce off of 70.50, that 70.50 still important to
avoid one more push to the downside
17 Jan 2013 09:58 am
Philly Fed release in about 3 minutes
17 Jan 2013 10:01 am
should be tough going on the upside from here, needs to get above 72.50-73 and
stick to it upside going and not head for 68
17 Jan 2013 10:02 am
70.50 obviously a key area that needs broken before any sort of damage done, but
still should have trouble holding higher up
17 Jan 2013 10:06 am
72.50 sold on the pop-up, 70.25 bid back up, but still could go for 68.50 and
that could set up a decent bounce back
17 Jan 2013 10:11 am
back to the high, should see pullback but 72 area needs to hold on a pullback to
keep good uptrend
17 Jan 2013 10:16 am
pullback to 72.25 held and bid back up again, that should be pivotal support on
pullback. Could test 76-77 on this leg up before good selling
17 Jan 2013 10:18 am
if going to get that far this morning, should stay above 73.50 on a dip and make
one more run up and then stall/reverse possible
17 Jan 2013 10:19 am
should test 33.50 from up here, outside losing steam
17 Jan 2013 10:22 am
the dip held at 73.75, still a chance to get to the 76 - 77 area unless that's
broken
17 Jan 2013 10:27 am
buyers backing off, 73.50 area on the ES in 2742 area on the NQ need held, or
early high could be in IF 72 broke/held
17 Jan 2013 10:33 am
buyers backing just under 75, at 73.59 held on a dip in turn up with some gusto,
this can turn back down at least towards 72.50-72. 2742 NQ
17 Jan 2013 10:39 am
NQ 6.50 points off its high while EDS going sideways, 73.50 key on the ES for
possible pop to 76-77, the NQ may have topped already
17 Jan 2013 10:43 am
the NQ at its low, ES should have a high in place, have not been next bounce
should be sold into, especially the NQ
17 Jan 2013 10:55 am
pullback held 72.50 which is the opening range and after the pullback was
resistance for a while before moving up to the high. has to hold
17 Jan 2013 10:57 am
although 72.50 is holding, so it is 73.50 on the bounce, so stay under that
could send them to 71.50, possibly lower
17 Jan 2013 11:03 am
on the way up, pullbacks have been roughly 2-4 pts, not more than 4 pts. So far
today a 3.25 and so far 2.75 pt dips.a break of 71.50-70.00
17 Jan 2013 11:05 am
thats not turned up right away would break that symmetry,and instead of small
pullbacks in an uptrend, things could switch and turn opposite
17 Jan 2013 11:08 am
in any case, the NQ tested early low several times and going sideways,
vulnerable holding under 2739.50. ESneeds push over 73.50
17 Jan 2013 11:13 am
the ES has been holding under 73.50 since 10:44 AM, should push through soon if
going to try for the highs again, avoid breaking 71.50
17 Jan 2013 11:30 am
73.50 was poked through, than a pullback held 73.25 and turned up, so a test of
the high and maybe to 76-77 on this move if 73.75 area holds
17 Jan 2013 11:33 am
token higher high sold but no reversal or pullback unless 74-73.50 not held on a
dip
17 Jan 2013 11:36 am
74.50 trend up support, 76-77 just above and should be sold into, but as long as
pullback is just 2-3 points upside continues
17 Jan 2013 11:39 am
74.50 needs held to get another push higher through 75.50, else back towards
73.50. 72.50-72.00 must hold to keep up side grinding higher
17 Jan 2013 11:48 am
pullback held at 74.50 so far, needs to stay above that area now to continue
upside grind higher and not start turning down
17 Jan 2013 11:51 am
76.00 reached, quick pullback as it's rejected, 74.50 especially important now.
72.50-72.00 more so, that area shouldn't be seen again
17 Jan 2013 11:54 am
we have a gap day and a trend up day, also a breakout so far on ES. However, 76
rejected easily, only short would be Token higher high
17 Jan 2013 11:56 am
or a bounce that stalls out under the high if 74.50 broken. I need to be away
for about 25 minutes
17 Jan 2013 12:18 pm
pullback of 2 points holding and tiny dipsare getting a pop, the day by her own
small dips over 74.75
17 Jan 2013 12:20 pm
it's just nudging higher and a move into 76-77 likely gifts a pullback of about
2 points then bounce again the way this is acting
17 Jan 2013 12:26 pm
should come down towards 75.50, and then get bid back up again if goes as
expected here
17 Jan 2013 12:28 pm
a good bid 1.50-2 points off of whatever is why is for the move. It should be 77
area here, but couldn't go for 78.50 if 76 is held
17 Jan 2013 12:30 pm
tiny pullback so far to 76.25, that should hold to keep strong push higher and
possibly reach 78.50 if no reversal from 77.25 to 76
17 Jan 2013 12:35 pm
gap day and breakout over 1474.51 on S&P 500 cash, 9/2012 high area that held
market down 5 straight days. It should stay turned up as long
17 Jan 2013 12:37 pm
a pullback is small, no more than 2.75-3.25 points on the ES, to continue steady
grind higher. Go with the flow, buying dips, unless
17 Jan 2013 12:38 pm
that changes.
17 Jan 2013 12:41 pm
if the ES does have a trend up that day, and makes it up to the 1482 area
rejected, then should have top in place for some sort of pullback.
17 Jan 2013 12:44 pm
the only shorts, unless there is a reversal, can be a pop to a new high. All of
those with the exception of 1 have been sold into for a
17 Jan 2013 12:45 pm
1.25 point pullback on average, top to bottom.
17 Jan 2013 12:47 pm
but there could be a 2-3 point pullback, and if a 3 point pullback, would need
to hold or things could change a bit
17 Jan 2013 01:01 pm
ES is 1.50 points off of its high, it has bounced from the 20 period EMA 3 times
so far in its 75.75 and about as far as "normal" pullback
17 Jan 2013 01:03 pm
should go, otherwise could come back towards 74.75 which would be 3 points off
the high and prior early high which was broken/held
17 Jan 2013 01:07 pm
the way the NQ is acting under its early high at 2746.25, a punch above 2744 is
needed and stay up there or could start downtrend there
17 Jan 2013 01:09 pm
NQ can pull the ES down to 74.75-74.50, it must hold that area or things could
be changing up here
17 Jan 2013 01:25 pm
the ES holding 76 and that's also the 20 EMA for the fourth time, if broken than
77 should be good resistance on a bounce
17 Jan 2013 01:36 pm
pullback appears eminent if no quick push above 77 can stick
17 Jan 2013 01:44 pm
77 was pushed to love not long after I sent the last update, the test of the
high was sold. But can continue grinding higher especially if
17 Jan 2013 01:45 pm
76.75 holds, 76 area a key support now on a pullback. Should hold, or quickly
reverse back up if broken, to continue grinding higher.
17 Jan 2013 01:56 pm
the ES held 77 on the dip and push higher to new high at 78.50. This should
continue into the last 35 minutes, or last 20 minutes, if trend
17 Jan 2013 02:11 pm
78.50 support, 76.50 key if that breaks.
17 Jan 2013 02:11 pm
78.50 support, 76.50 key if that breaks.
17 Jan 2013 02:16 pm
back in 15 min, trend up over 76.50, 80.00-80.50 then 82.50 small resist
17 Jan 2013 02:33 pm
80.50 was rejected and if this goes under 78.75 by much and not turn right back
up, things could begin to change and give decent pullback
17 Jan 2013 02:38 pm
Pullback held at 79 so far, bounce needs to clear 80 and stay up there or this
could begin to see some pullback from up here.break of 78.75
17 Jan 2013 02:40 pm
at the least needed to turn this strong uptrend however. Support at 77.50 area
on a decent pullback now and shouldn't go any further
17 Jan 2013 02:44 pm
another pop up likely sold into, the NQ beginning to act a little bit top heavy
17 Jan 2013 02:46 pm
123 type of top, but still strong upside momentum and would need a move back
under 79 and hold. Could go to 77.50-77 if that occurs, that's key
17 Jan 2013 02:55 pm
pressure is on now as bounces from here should have a hard time holding, may
have a high in place at least for a while. 77.50 year area
17 Jan 2013 03:06 pm
79 on the ES and 2747 on the NQ have turned into resistance on a bounce, 77.50
is a "normal" 3 point pullback on the ES so needs to get above
17 Jan 2013 03:06 pm
79 and 2747 to reestablish uptrend and avoid potential breakout lower
17 Jan 2013 03:13 pm
a 2.25 point pullback off the high at 78.25 was held so far, there could be
another push higher but holding over 80 needed to end strong
17 Jan 2013 03:17 pm
a moved back under 77.50-77.00 would make this look like a reversal possible, or
at least break trend and lead to two-sided day/drop tomorrow
17 Jan 2013 03:24 pm
the ES just tagged what should be key support, turn right back up. Should not
stick though, looks like a top at 80.50 resistance
17 Jan 2013 03:25 pm
should have pressure on as long as they bounce sales around 78.50-79 at the
highest, 2745 on the NQ in the last 30 minutes today
17 Jan 2013 03:26 pm
of put and call options are very cheap, and from the looks of this, late
afternoon today or early tomorrow we should get more pullback than
17 Jan 2013 03:27 pm
just 3 points which as been about the normal pullback over the past several
days. Have a nice rest of your day, see you the morning
Wednesday-January 16, 2012
(time stamps are EST)
16 Jan 2013 09:39 am
major area sold overnight and that should be a top, or sold into the they get
back up there again. All the buyers up here could be trapped
16 Jan 2013 09:42 am
65 broken on the open, 62.50-62 bid to back up, but should fail 65 area first
resistance on a bounce to clear to take some pressure off
16 Jan 2013 09:49 am
bounce from 62.00 support, a pop up above 65 and hold needed to attempt turning
back up
16 Jan 2013 09:51 am
62.50-62 should hold for now and get that moved toward 65, but if 62 broken then
back towards yesterday low
16 Jan 2013 09:59 am
54.50 bounce high off of support, needs a push over 65 and hold, A week Dow and
strong NQ, opposite of yesterday. 63 needs held on pullback
16 Jan 2013 10:05 am
65.50 reached on the ES,need a bounce from 64.50 with gusto back over 65 and
hold needed or early high in place
16 Jan 2013 10:08 am
like yesterday, low so far made 15 minutes into trading and a good bid off a
low, but ifthis cannot stay over 65 we could get decent drop
16 Jan 2013 10:10 am
and not keep grinding higher back towards 67.50-68.25 area. For now 66.50 needs
held as pivotal support, or trend changes
16 Jan 2013 10:14 am
4 tries to push through 65.50, if not exceeded and 64.50 brokenit can roll over
and next bounce would be sold after that, 64.50 area key
16 Jan 2013 10:20 am
the ES has been trying to poke through 65.50 more than 15 minutes, make or break
above 65.54 under 64.50, the 64.50 support that must hold
16 Jan 2013 10:28 am
65.50 area needs held on a pullback or next bounce sold into
16 Jan 2013 10:30 am
the market has had a good bid on all of the dips once again, and now needs to
stay above 65.50 to stay strong, 64.50 maximum
16 Jan 2013 10:39 am
65.50 broken by one tick so far, but if a pop up from here occurs, it should be
sold under 66.50 and break back down,
16 Jan 2013 10:48 am
bounce was sold into at 66 and should have selling and to strengthen now down to
64.50 or lower unless 66 broken/held
16 Jan 2013 10:56 am
66 sold again. 65 area is the key, was pivotal early coming into the day and has
held on pullbacks, a break under 65 not turned right back up
16 Jan 2013 10:57 am
can send this back towards 62 low at support or take that area out by a couple
points down to 60 again
16 Jan 2013 11:05 am
if they are going back down then 65.25-65.50 should be as far as this bounce
will go
16 Jan 2013 11:16 am
the ES took up 65.50 and made it back to the high, another pullback should hold
around that level to keep uptrend intact. Still a good bid
16 Jan 2013 11:20 am
on pullbacks, but here should be selling around 67.50-68 area again for some
pullback, 67.25 high so far,but if no sign of turning on a pop
16 Jan 2013 11:21 am
then could squeeze to 71. 66 should be good support now, not even a small
reversal unless broken
16 Jan 2013 11:28 am
big R, a pullback should hold 66.50-66.00 and turn right back up to have a
chance to attempt breakout on the upside
16 Jan 2013 11:31 am
5 days in a row this area tested and sold. must bounce from 66.50 area or
uptrend could break and breakout less likely
16 Jan 2013 11:42 am
so far 66.75 held, just a tiny bounce so that needs to hold lower another top at
resistance could be in, or less likely to be broken for now
16 Jan 2013 11:47 am
66.50 held,making a mother attempt to push through the key resistance up here.
If it fails it may wait until the beige book at 2 PM,
16 Jan 2013 11:57 am
five days in a row with a high in this area, a small double top at major
resistance just made. 66.50 new today bounce or high end for now
16 Jan 2013 12:01 pm
this could poke down to 65.75, but if it turns up quickly there, then could see
another bounce. Any further than that, things break down
16 Jan 2013 12:02 pm
I will be away until around 12:25 PM with the next update.
16 Jan 2013 12:20 pm
bounce is over, if not then not much further to go on the upside before decent
pullback. This stalling out at major resistance, low volatility
16 Jan 2013 12:23 pm
with that, often seen at/near a top. The VIX also looking very negative. Top
should be in place, if pushed above should come right back down
16 Jan 2013 12:30 pm
ES went from support to resistance, and still in the top part of the range, but
for pullback before
16 Jan 2013 12:32 pm
it started before I could finish my message, anyhow looking for selling before
the beige book, a bounce is a short down towards 64.75 or lower
16 Jan 2013 12:37 pm
the NQ was much stronger than the rest of the market in the early going, but has
turned week versus the ES and a better short if bounce
16 Jan 2013 12:38 pm
occurs -just started- in stalls out around 2728-2728.50 area
16 Jan 2013 12:41 pm
if going to be a pullback, and not another run up to/through 68 on the ES, it
should begin from here soon. NQ area nailed so far, 2728.50 key
16 Jan 2013 12:44 pm
I think I got that update out in time, as the market is finally a bit volatile.
But inside a narrower range. Big move should be coming today/tomorrow
16 Jan 2013 12:48 pm
64.75 initial target was just missed so far, still should get a test, NQ
resistance now 2726 to keep pressure on their
16 Jan 2013 12:49 pm
2724 area a support on the NQ, if short on that it's a place to take partial
profits and trail stop
16 Jan 2013 12:53 pm
a little pop up here that shows rejection still scalp short, not much more
downside the way it looks at the moment, could be sideways
16 Jan 2013 12:55 pm
2724 on the NQ, or just a little below that, will need to get a bounce or in
this downside will continue towards 2722-2721
16 Jan 2013 12:58 pm
NQ turned up from 2723.75, just under that 2724 support. It could give bounce up
to 2726-27, not much more to point to head back down
16 Jan 2013 01:10 pm
the ES caught a bid at 65.25, sold at 67.00 again... that 65 low is basically
the "normal" 3 point pullback the ES had most of the way up
16 Jan 2013 01:15 pm
need to stay above 66.25-66 to have a chance to push above 67 and possibly 68
top of the range.
16 Jan 2013 01:36 pm
66 able to hold, should make a push through 68 now if it's going to happen
16 Jan 2013 01:38 pm
67 area needs to hold to keep from denting upside momentum, 66 a potential
reversal area if not defended
16 Jan 2013 01:53 pm
needs to stay over 67.50-67 now that the ES popped above 68. We get the beige
book release in about 10 minutes,
16 Jan 2013 01:56 pm
this will give us a real breakout, or go under 67.50-67 and make this a fake out
breakout. I think 71.50-72.50 area possible if 68 holds
16 Jan 2013 02:04 pm
holding 67.50 keeps this in trend up mode, the furthest a pullback should go is
about 3 points on the ES. A move further than that to top
16 Jan 2013 02:07 pm
otherwise still a chance to poke above 70 by a little bit,and then likely come
right back down.Would need to hold 68 if that occurs,and 67.50
16 Jan 2013 02:07 pm
not broken/held
16 Jan 2013 02:09 pm
should be a three-point pullback from the high and then a bounce attempt if
upside is going to keep from reversing major resistance.
16 Jan 2013 02:11 pm
if there is another bounce, it should fail under 68-68.50 if going lower which
it appears this can-do from up here. 71.55 highest
16 Jan 2013 02:28 pm
a bit tricky up here but should have trouble staying above 68.25 for long,
should see selling into strength and then buying on 2-3 pt dips
16 Jan 2013 02:34 pm
the ES is holding 68 and as long as that is held there is a chance to pop up
above 70 area possibly 71.50, but that probably not held, 68 retests
16 Jan 2013 02:37 pm
we should see selling into this, keep an eye on the S&P 500 cash ($SPX on most
quote boards) its 1474.51 level it is important above,
16 Jan 2013 02:51 pm
the ES barely dipped under 68 and turned back up, it will take another rejection
of 69 level or break 67.52 foot some pressure on.
16 Jan 2013 03:04 pm
strength being sold into, the NQ showing first signs of being tired, another
bounce should be sold into, a break o 67.50 to turn trend
16 Jan 2013 03:11 pm
struggling to move higher, but not weak at all. Could top here but ES has been
churning, unless 67.75-67.50 at lowest is broken no reversal
16 Jan 2013 03:22 pm
the market has been bid back up on all of the pullbacks so far today, but acting
like it doesn't want to go much higher. A break/hold under
16 Jan 2013 03:23 pm
68-67.75 should mean next bounce gets sold as the rally aborts and we get a
decent pullback
16 Jan 2013 03:26 pm
needs to be a good bounce from 67, 66 at the lowest, to avoid a bigger breakdown
and not just another pullback. Although giving back above 69
16 Jan 2013 03:26 pm
handholding up there not likely
16 Jan 2013 03:29 pm
there will be selling into any strength in this should see a move to 66 at least
before a bounce attempt. If 66 breaks odds better for top
16 Jan 2013 03:30 pm
a poor close will make this look like the top even more so. I will see you
tomorrow shortly after the open. Have a good rest of your day
Tuesday-January 15, 2012
(time stamps are EST)
15 Jan 2013 09:26 am
60.50 first resistance 62.50 would be next. if the 54.50 level tested today it
needs to bounce right back.or a top likely in place
15 Jan 2013 09:34 am
the ES bounced off of 58.25 support and NQ currently at its equivalent level but
must get above 60 and not reverse to take some pressure off
15 Jan 2013 09:38 am
bounce from 58.25 support through yesterdays low to 61.00 so far, should pull
back from their but need to bounce off of 59.50 area
15 Jan 2013 09:44 am
a drop to 59.25 so far, 61 should be early bounce high, if not then 62-62.50
area could be reached before dropping again
15 Jan 2013 09:48 am
58 support needs to hold and that NQ get turned back up or the ES should test
56.50 Globex low. 58 the key level this morning
15 Jan 2013 09:49 am
double bottom at support so this must push through 61 and stick on this bounce
or else that can be broken
15 Jan 2013 09:50 am
also watched the NQ around 2712-2714 for resistance on the weaker contract
15 Jan 2013 09:54 am
61 tested but not yet cleared, the NQ leading the way on the downside, it's the
Dow that is relatively strong
15 Jan 2013 10:02 am
higher high sold into, a move to 62.50 area key resistance. 59.25 was pivotal,
should not be broken now if low at support going to stick
15 Jan 2013 10:09 am
ES being sold into strength then bought on small pullback so far, 60 needs held
to keep up trend from 58.25
15 Jan 2013 10:13 am
62.50 area should be a key resistance on this first bounce, pullback needs to
hold 61 or at least turned back up quickly if broken
15 Jan 2013 10:20 am
62.50 resistance was sold and pullback trying to hold 61, if 62.59
exceeded,could go back towards or under 60 or lower towards 59 again
15 Jan 2013 10:28 am
so far a bounce from fixed support to initial support area (turned into last
trapped resistance) and pullback holding under 61.50 keeps pressure on
15 Jan 2013 10:42 am
the ES went just under 60 before turning back up and reaching 61.50 again.
Another pullback has to hold 60 or could test/break 58 area
15 Jan 2013 10:49 am
62.50-63 still key area on this bounce, a decent bid on pullbacks so must hold
around 61 if going to get up to that area and not rollover
15 Jan 2013 10:58 am
61.50 held on small dip and 62.50 tested so far, 61.58 to hold to keep this
going and pushed through that area toward 64
15 Jan 2013 11:00 am
63 was sold but not a reversal or weakness unless 62 area broken and no bounce
right back
15 Jan 2013 11:08 am
a pop to one tick above prior high at 63 rejected and now must get bid back up
from 62, 61.50 at worst or uptrend reversesfor a bit
15 Jan 2013 11:09 am
that could be a top for this move higher, so far 62 held but another pop-up
should be sold into,
15 Jan 2013 11:27 am
pullback to 61.00 and trying to bounce back and should make a new high on this
move up, if a lower high reverses then break of 61 is reversal
15 Jan 2013 12:27 pm
My apologies I lost all of my browser Windows and just now have a one back up.
Should see selling into higher high but it stays trend up
15 Jan 2013 12:27 pm
unless 62.50 area broken. That could begin a breakdown if not held
15 Jan 2013 12:38 pm
A dip should bounce from 64.50-64 to keep pushing higher and get to 66 and maybe
68 if no failure there, if that doesn't hold things change
15 Jan 2013 12:52 pm
64.50 is tested and shouldn't break 64 to continue to grind higher and not
reverse
15 Jan 2013 01:03 pm
The 66 "target" given earlier was missed by 2 ticks, ES trying to stay over 64,
must pop up from here that's going to make it to 66
15 Jan 2013 01:09 pm
64 holding on the ES and the NQ getting bid on Facebook announcement, those
areas even more key to stay above now to stay trend up
15 Jan 2013 01:22 pm
this needs to stay over 64.75 or could begin topping out at a break of 64 could
start decent pullback
15 Jan 2013 01:29 pm
64 held so the uptrend still intact, key support that must hold to keep trend up
day in gear. Just beware likely sellers just above,
15 Jan 2013 01:31 pm
There is good selling on pops under 66 so far, double/triple top. pop up a good
scalp shorting opportunity, or wait until 64 broken
15 Jan 2013 01:38 pm
Has been trend up from the low, but Should see strength sold up here, another
pop up should not take out 65.50-66 and stick unless very strong
15 Jan 2013 01:53 pm
The ES was sold on the last pop, the NQ is weaker and has a better pullback, a
breakup 64 not quickly reversed starts rollover
15 Jan 2013 01:55 pm
a bounce back to 64 area that stalls out should set up for a pullback and also
around 2715 area on the NQ
15 Jan 2013 01:56 pm
Sellers are above on any decent bounce, past time to flip from buying dips to
selling bounces, 62.50 needs held or 60 possible
15 Jan 2013 02:08 pm
I need to be away for about 10-15 min, stay with short side on bounce attempts
especially a test for 64 that fails. 65 shouldn't be cleared
15 Jan 2013 02:25 pm
The ES popped up to 63.75 and quickly reversed and again to 63.50 and back away,
the NQ better vehicle on short side making a lower low so
15 Jan 2013 02:26 pm
A push under 62 that is not quickly reversed back up can mean further weakness
to test 60 again. Need to push above 64 to get upside going
15 Jan 2013 02:34 pm
62 area continues to hold,that is acting like the market did trading just above
64. But if 64 is not rejected, there could be a test of high
15 Jan 2013 02:40 pm
the NQ was just 3 points off its early low when the ES was at 58.25. the Dow
holding this up, it's shopping around 13,500.pullback should
15 Jan 2013 02:40 pm
e tiny and hold 63 if .2 make a run for the highest
15 Jan 2013 02:42 pm
stop that 64 so far, if 63.50-63 area doesn't hold and go right back up, a
bounce that follows will be sold into. No damage otherwise
15 Jan 2013 02:45 pm
63.50 was held in almost back to the high where there should be some selling her
earlier
15 Jan 2013 02:46 pm
63.50 could be a pivotal area up here in the last 75 minutes
15 Jan 2013 02:52 pm
66 should offer some resistance, pullback needs to bounce from 64.50-64 to keep
this from reversing a bit, but decent pullback should hold
15 Jan 2013 03:02 pm
64.50 was held and popped up to 66.50 so far, can go for 67.50-68 area is
65.50-65 can hold. If not then deeper pullback
15 Jan 2013 03:10 pm
67 wasjust a mess and the NQ coming off its bounce high a bit more, but if 65.50
holds there is a chance for another pop up to test 67.50-68
15 Jan 2013 03:11 pm
and should see buyers back off around that area again.
15 Jan 2013 03:15 pm
basically trend up with a low 15 minutes after stocks opened,high of the day
could be made around 3:45 PM if they haven't been made already
15 Jan 2013 03:17 pm
pretty good selling just under 67, keeping the ES still under 67.50-68 key area
listed about a week ago. 65.50-65 needs held
15 Jan 2013 03:25 pm
67.50 was just missed and then pull back to 66.25 and that needs to hold to have
a chance to get to 67.50-68 or possibly push through that
15 Jan 2013 03:32 pm
66.25 was tested and bought at that level, should be key end of the day
15 Jan 2013 03:34 pm
a pop up to 67.50-68 it is still possible but should have a hard time staying up
there today , we will see it has been basically trend up
15 Jan 2013 03:37 pm
67.75 was sold on a first test, looks like 66.75 should hold to stay strong,
62.25 key area end of the day
15 Jan 2013 03:38 pm
f that resistance is pushed through, then could see 71-72 but likely not until
tomorrow, they need to stay up there and not reverse back under 66
15 Jan 2013 03:40 pm
reverse back under 66. The market has not liked it up here, and upside appears
limited so right or wrong would avoid long side at this point
15 Jan 2013 03:41 pm
especially after 3:45 PM.
15 Jan 2013 03:42 pm
that does not imply that I would be shorting the market by the way, strong
uptrend and would need a reversal first this late in the day.
15 Jan 2013 03:43 pm
just seems late in the game to be chasing long at a resistance area with about
18 minutes left before stocks close.
15 Jan 2013 03:44 pm
have a good rest of your day, I will catch you shortly after stocks open
tomorrow unless a big change from what is written in the update
15 Jan 2013 03:47 pm
the high so far made at 3:44 PM, and at the top of the 67.50-68.25 resistance so
that might be it for this rally. 66.75 needs held/ reversed
15 Jan 2013 03:47 pm
take care
Monday-January 14, 2012
(time stamps are EST)
14 Jan 2013 09:24 am
overnight top it appears, if the ES gets back to the 70 area it's likely sold
into. 66-66.50 resistance
14 Jan 2013 09:28 am
67.75 still day session top, that shouldn't be taken out. 63 needs to give a
good bounce if reached
14 Jan 2013 09:38 am
66.50 sold into on first test, then dip held 64.75. Need to stay over 66 to
continue current uptrend and not reverse
14 Jan 2013 09:41 am
pullback quickly turned up from 65.75, must continue holding that level or would
be topping
14 Jan 2013 09:43 am
should have a high in for a bit, a pop-up sold into
14 Jan 2013 09:49 am
bounce being sold at 66, a break of 64.50 needs to be turned right back up or
early top likely
14 Jan 2013 09:51 am
a hold under 65. It should keep pressure on to test 63
14 Jan 2013 09:53 am
64.50-65 should be bounced Resistance now, 63 has been tested and 60.50-60.00
area would be next
14 Jan 2013 09:57 am
decent pullback catching a bid, should fail to clear 64-64.50
14 Jan 2013 10:04 am
Spike down to 61.25 may have cleaned out sellers for
14 Jan 2013 10:05 am
a short amount of time, needs to push above 63 and hold to take some pressure
off, 64.50 still bounce resistance. 60.50-60 key support
14 Jan 2013 10:11 am
pressure stays on unless pop above 63, even then may not stick
14 Jan 2013 10:16 am
63 was support and acting as resistance for more than 15 minutes, needs pushed
above and hold or token lower low that the 60.50-60 zone.
14 Jan 2013 10:17 am
64.50-65 area possible if 63 is pushed through
14 Jan 2013 10:23 am
token lower low but so far able to hold 60.50, so far. Pressure still on under
62.75. A dropped towards 58 if 60 area not held, still
14 Jan 2013 10:28 am
60.25 was reached, was turned back up, 62.25 should be bounced Resistance, if
exceeded than 63 is key to clear/hold,
14 Jan 2013 10:39 am
the upturn from 60.25 has reached 63, should push through, orhold 62.25 at the
lowest to keep up trend and not turn back now
14 Jan 2013 10:51 am
the ESS men in an uptrend since making a low about an hour into trading, this
uptrend should have trouble at 64-64.50,but 63 needs broken
14 Jan 2013 11:00 am
as long as ES holds 63 Thursday chance for a push higher, if broken a bounce
that follows likely sold into
14 Jan 2013 11:03 am
watch for sellers around 64.50-65 on this move, 63.25 key support
14 Jan 2013 11:13 am
small push higher stall then pushed higher again.the uptrend will stay intact
unless 63.50 broken at the least, 63 again ideally.
14 Jan 2013 11:16 am
66.50-65.00 area had some sellers so far, but 63.75 area is about as far as a
pullback should go before turning back up to keep uptrend going
14 Jan 2013 11:20 am
the Dow cash tested its early high at 13,500 with an ES at 64.75 high, 2728.25
on the NQ. sellers there twice so far, 63.75 needs good bounce
14 Jan 2013 11:22 am
or the trends can be broken and begin a downtrend, or have a bounce high in
place. I believe speech from White House, coming soon
14 Jan 2013 11:38 am
bounces being sold as the Dow cash tested 13,500 and pulled back twice now.
Buying/short covering coming in on dip to the 63 area.a short
14 Jan 2013 11:39 am
if there is another bounce and gets rejection from the 64-64.50 area, with tight
stop just over bounce highs
14 Jan 2013 11:42 am
63.75 area should not be pushed above/held if a bounce, that could come
from61.75 area or they test the low
14 Jan 2013 11:56 am
bounce back to 64.50, needs to break back under 63 and not turn right back up or
there's a chance of moving higher
14 Jan 2013 12:11 pm
dbl top at 64.75 at the moment, the Dow cash has rejected 13,50 3 times up here.
A push thru that area needed to get something going higher
14 Jan 2013 12:15 pm
next pullback should be bid right back up from 63.50-63.25 to have any chance of
breaking out higher 64.75, is key area above
14 Jan 2013 12:19 pm
that 13,500 on the Dow cash along with the 64.25-64.75 area on ES and 2726-2727
on NQ all the important resistance, a short under those
14 Jan 2013 12:21 pm
should retest 62.25 area at least, around 2722.25 on the NQ. Those are where
buying came in earlier and should hold or market breaking down
14 Jan 2013 12:27 pm
62.25 on the ES and 2621.75 on the NQ are pullback lows so far, bottom of this
2.50 point range. Needs moved back over 63.50 and not
14 Jan 2013 12:28 pm
turn right back down to take some pressure off, going lower otherwise
14 Jan 2013 12:30 pm
double top, and close to breaking the last pullback low which would need to be
turned right back up or else it's going for 61.50-61.25
14 Jan 2013 12:30 pm
next update in about 20-30 minutes
14 Jan 2013 01:01 pm
another bounce to the 64 area, 3 ticks under current bounce high, Dow cash reach
13,498 and backed away. Theres a dbl top and dbl bottom with
14 Jan 2013 01:02 pm
better opportunities selling the top of the range as the market looking tired
under 13,500 on Dow cash
14 Jan 2013 01:08 pm
three times down to 62.25-62.00, it's trying to hold but shouldn't stick on a
bounce, still bearish under 64 and that 13,500 on the Dow cash
14 Jan 2013 01:21 pm
back up to 64.75 and the Dow cash was pushed over 13,500, a pullback should
bounce off of 64-63.52 keep up side in position to break out
14 Jan 2013 01:41 pm
64-63.50 has been holding for about 15 minutes, if there is going to be a push
higher instead of another reversal, need to hold and break out soon
14 Jan 2013 01:46 pm
the Dow cash has also pulled back to 13,500 and holding,so needs to hold there
if going higher from here. Otherwise can go back to 62-61
14 Jan 2013 01:48 pm
beginning to break, a bounce should be sold, the NQ especially staying under
2726.50-2727
14 Jan 2013 02:00 pm
bounce sold into, though not in a big move from that. Just a 7 point range in
the ES has traded in the middle since first hour.
14 Jan 2013 02:09 pm
a breakout but sold into, a pullback needs to hold 64-63.50 area, another pop
could reach strong resistance around 67.50-68 area
14 Jan 2013 02:16 pm
that pop up was sold into on the ES while the NQ has had a better bid on
dips.this has to stay above 64 or a high likely in
14 Jan 2013 02:24 pm
94.50 gave a little pop-up,but sold into it has to stay above 64.50-64 or
rolling over not just pulling back
14 Jan 2013 02:39 pm
still raining I are in reach 66.50 so far, it's now the 65 area that needs held
to avoid potential reversal from up here and instead grind
14 Jan 2013 02:40 pm
higher If that area is broken, then a bounce that follows likely it is sold into
town to 64 at least and possibly 62 area again
14 Jan 2013 03:00 pm
65 was broken by a bit and turned back up and reached 65.75 so far, as long as
this holds above 64.25 the market avoid decent pullback
14 Jan 2013 03:07 pm
tested thehi oh the day and should push through by a bit, 66. Should hold low to
continue higher
14 Jan 2013 03:28 pm
there will be anxious sellers just above so careful trying to buy up here, a
good short under 67-68 for now. 72 as far as upside could go but not today
14 Jan 2013 03:29 pm
we haven't had a last hours along for at least five days, so beware that today
maybe the breaker of that string and continue lower
14 Jan 2013 03:34 pm
64.50 area is where the breakout occurred and then holding that level kept
market out of trouble earlier. Should be key the end of the day
14 Jan 2013 03:35 pm
toppy action, would look to sell bounces as they should not stick
today/tomorrow. Have a good rest of your day I will see you tomorrow
Thursday -January 10, 2012
(time stamps are EST)
10 Jan 2013 09:23 am
Good morning. I will try to update every 60-90 minutes today as possible,
tomorrow will get back to regular updates. Decent pullback bought
10 Jan 2013 09:25 am
This early strength should be sold into, this is a gap up opening but probably
not going to stick and 60-59 initial support
10 Jan 2013 09:25 am
I'll try to update close to 10:30 AM
10 Jan 2013 10:54 am
The ES popped above 62.50-63.50 but spent less than two minutes above that zone
and was sold at 63. The 57.50 level was reached,
10 Jan 2013 10:56 am
That is key support,, and if 61 area is sold it could be broken on another push
lower, if 61 broken a retest of 63 area a short
10 Jan 2013 10:58 am
Next update will be around noon or shortly thereafter. Bounces should be sold
into, bought at lower levels with 55.50 area key early afternoon
10 Jan 2013 12:03 pm
After selling off from 62.50-63.50 resistance and taking out 61, the 60.50-61
area turned into resistance and another drop reached 56.75
10 Jan 2013 12:03 pm
That is the top of yesterday afternoon's range, and should be key support the
rest of the day. Back towards 53-52 if Lowe is broken
10 Jan 2013 12:04 pm
If 60.50-61 happens to be exceeded, then the 63 area still key and should be
sold into unless the market is wanting to break out, doubtful
10 Jan 2013 12:06 pm
That is the top of yesterday afternoon's range, and should be key support the
rest of the day. Back towards 53-52 if Lowe is broken
10 Jan 2013 12:06 pm
If 60.50-61 happens to be exceeded, then the 63 area still key and should be
sold into unless the market is wanting to break out, doubtful
10 Jan 2013 12:07 pm
The NQ has been weaker all day, 2723-24 would need cleared there. Next update
around 1:30 PM or thereabouts.
10 Jan 2013 01:38 pm
The ES made it back to the 62.50-63.50 resistance, rejecting the 62.50 level
around 1 PM. A pullback needs to bounce from 60-59.50 area
10 Jan 2013 01:39 pm
To avoid a potential breakdown to at least 58 area. As long as 62.50-63.50is not
exceeded the market stays vulnerable. If exceeded
10 Jan 2013 01:39 pm
And not quickly turned back down, then we could see the ES gets squeezed higher
towards the 66-68 area. If 62.50 is not exceeded
10 Jan 2013 01:41 pm
Don't expect that to happen, if the market gets hit one more time and 59.50
broken/held then the 56-55 area should be held on that and bounce
10 Jan 2013 01:42 pm
I will see you tomorrow morning, back to a regular day tomorrow. Have a nice day
Tuesday -January 08, 2012
(time stamps are EST)
08 Jan 2013 09:24 am
Good morning. I'm going to try to update roughly once an hour again today, but
it may not be possible. I'll just do my best.the test of 50.75
08 Jan 2013 09:26 am
lead to a rally that didn't stick, and that's probably what we get today if they
get back up there again is turned over. Liking the short side
08 Jan 2013 11:05 am
it was a trend down to move from 55.50 and broke under the 50 level, there could
be a bounce but should stick, need a break/hold above 50
08 Jan 2013 11:06 am
need a move back above 50 area and hold on a dip to change trend
08 Jan 2013 11:40 am
the ES reached 46.00 before turning back up, but needs to get of of 48.50 and
hold on a dip, 50.50-51 good resistance above
08 Jan 2013 11:42 am
48.50 just broken as I sent that, 48-47.50 should hold on a pullback to avoid
one more push to the downside.A token lower low should reverse
08 Jan 2013 11:43 am
don't expect a decent bounce to stick, I will update again in about an hour.
08 Jan 2013 12:22 pm
48.58 seeded and 49 held on a pullback the 50.00 level reached so far, stalling
out so must not break 49 or trend changes back down
08 Jan 2013 12:23 pm
need a move above 50 and stick to get itself out of trouble for at least a while
and probably low in place
08 Jan 2013 12:24 pm
I will try to update in about 90 minutes.
08 Jan 2013 01:46 pm
Unable to break/hold 50.50-50 on a pullback, but instead failed at 50.50 and
should pullback with 47.25 area important support under 48.50
08 Jan 2013 02:38 pm
market unable to hold onto its gains above 50.50-50.00 after reaching 51.50, a
test of that area should be sold into. A break of 49-48.50
08 Jan 2013 02:39 pm
that isn't quickly reversed back up can lead to a late day slide at least down
to 47.50 and possibly test of the low. A move over 51 needed
08 Jan 2013 02:41 pm
and not turned right back down to avoid late day trouble and attempt a move
towards 54.likely the last update, have a nice day
Monday -January 07, 2012
(time stamps are EST)
07 Jan 2013 09:06 am
good morning. As noted in last night's update I'm doing a training camp until
Thursday. I am going to try to send an update once per hour
07 Jan 2013 09:09 am
but cannot promise I will remember to do that.you will be credited for the days
that are missed. market very overbought, two-sided action
07 Jan 2013 09:11 am
at best today, 57.50-58 first resistance on a bounce.why will try to update
around 10:30 AM.
07 Jan 2013 10:32 am
pretty choppy range currently and upside bias at the moment but needs to stay
over 54.50-54 at lowest were breaking down again, 57.50-58 R
07 Jan 2013 11:31 am
the ESas traded in a 3.75 point range, while the NQ has been pretty much trend
up off of double bottom at support. Would follow the NQ
07 Jan 2013 11:33 am
it has very key support today at 2713 area, but meanwhile the ES is stuck and
needs to get above 55.50 and not turn right back down
07 Jan 2013 11:34 am
I will try to update again around 12:30 PM.
07 Jan 2013 12:20 pm
the tiny range finally broken to the downside, noon low at 51.25 key support for
50 could break. 53.50 minor R,55-55.50 key resistance area
07 Jan 2013 12:22 pm
I will try to update around 1:30 PM, don't expect bounces to stick as this could
last most of the day, sideways then drop
07 Jan 2013 12:24 pm
I will try to update again around 1:30 PM. Pressure stays on unless 53.50
exceeded, possibly towards 48 area if low is broken
07 Jan 2013 01:23 pm
the ES traded down to 1450.75, staying just over key support around 1450 and
that must hold. 1402.50 was the early low, then top of a range,
07 Jan 2013 01:25 pm
if that area is broken and not turn right back up then another test of 1450 area
is possible. If held, then a chance for a bounce but 55.50
07 Jan 2013 01:27 pm
54.25 small resistance than 55-55.52 area this afternoon. I will try to update
one more time this afternoon
07 Jan 2013 02:32 pm
54.50 it is a minor resistance to get through if the market is going to make a
go for the high, 53.50-53 is now support on a pullback
07 Jan 2013 02:33 pm
the market was bought at 51 area on the ES two times and for now will be safe
unless broken. After breaking up here, 54 area should hold or
07 Jan 2013 02:34 pm
more back and forth action to finish the day also.
07 Jan 2013 02:35 pm
next update will be this evenings nightly update.This bounce should be sold into
a little bit higher if it can, 57.50-58 area key resistance
Friday-January 04, 2012
(time stamps are EST)
04 Jan 2013 09:22 am
good morning. A quick note just in case I forget to notify you, I will be away
from around 10 AM until around 10:30 AM this morning. As for
04 Jan 2013 09:26 am
54.75 is needed to hold on a first pullback if theres going to be another bounce
attempt. Needs to get above 57.50 and hold to get move to
04 Jan 2013 09:27 am
back up to yesterday's high at 60.50 and maybe go a bit higher
04 Jan 2013 09:33 am
NQ was weaker pre-open and will be weaker of the 3 indices today, pressure on
under 56.54 now, if a bounce it needs push thru with gusto
04 Jan 2013 09:43 am
53-52.50 is important support, market begins to get into trouble if broken and
not quickly turned back up, 55.50 minor support than 57.50-58
04 Jan 2013 09:49 am
a pullback should bounce from around 55 area. If not then things will be
changing. More Econ data top of the hour.
04 Jan 2013 09:52 am
I will be away until around 10:30 AM.
04 Jan 2013 10:31 am
the ES bounced from 55, at the same time the NQ was on it lows nd still being
sold on bounces, sellpops as they are not sticking
04 Jan 2013 10:34 am
the NQ will continue to be the better shorting vehicle but the Dow has rolled
over some and should keep pressure on ES
04 Jan 2013 10:42 am
would need to have a strong bounce from 55.50, at least get above 57 and not
turn right back down otherwise breaking down towards 52
04 Jan 2013 10:46 am
just broke, 56-56.50 new Resistance on a bounce, needs a move back up above that
area and stick or still heading lower,
04 Jan 2013 10:51 am
ES reached 56.25 so far,NQ needs a push over 2716 area and not turn right back
down for it to attempt getting into uptrend
04 Jan 2013 11:01 am
a pullback from 56.75 on the ES and 2716.25 on the NQ. needs to stay under 56 or
could have a better bounce from 54.75
04 Jan 2013 11:06 am
must be shorts covering on last two pullbacks, can sell off from 57-57.50 at
highest but another pullback should get bid back up
04 Jan 2013 11:08 am
should make one more bounce attempt as long as 55.50 is held, if so that bounce
should be sold into like the others
04 Jan 2013 11:20 am
55.50 was held and the ES bounced up to 57.50 so far before small pullback, a
move back under 56 would turn trend down again
04 Jan 2013 11:36 am
56was held and 57.50 push through, that's now new support on a pullback from
59-60 area
04 Jan 2013 11:38 am
if they bounce from 57.50-57 area there is a chance to erase a double top and
test 59-60 area before some pullback
04 Jan 2013 11:49 am
57.50-57 support held and bounce from 57.25 poked into 59-60 area, that can be a
high if no bounce from ~58 area
04 Jan 2013 12:01 pm
59.50 was sold and 58 broken, that should be a high at least for a while, or
area sold on retest, a spot to add a few put options
04 Jan 2013 12:07 pm
going to take a 10-15 min break from updates during my lunch. A move back under
58 that doesn't turn right back up again needed for break dn
04 Jan 2013 12:24 pm
should be starting a midday pullback staying under 58.50 area, NQ should hold
under 2725
04 Jan 2013 12:34 pm
PS held a 58 for almost 30 minutes, and made it through 58.50 up to 59.00, was
sold and needs t hold 58.25-58 to make a push to 59.50-60.50 possibly higher
04 Jan 2013 12:39 pm
59.25 sold and the NQ showing weakness again, another bounce will be sold,
should start a decent pullback if we are going to get one
04 Jan 2013 12:54 pm
59 rejected and the NQ also sold into on bounce. Still a chance to get to the
59.50-60.50 area unless 58-57.50 broken
04 Jan 2013 01:08 pm
should be headed down to the 56.25 area if this stays below 58.25 on a bounce
attempt
04 Jan 2013 01:25 pm
very slow and thin trading, but 58.25 was sold three times in this tiny range
and needs to get above that/hold to get a move higher
04 Jan 2013 01:30 pm
we can get back to the high or a bit higher before pulling back
04 Jan 2013 01:31 pm
58 should hold if that's going to take out 59.25-59.50 prior double top, third
time up here
04 Jan 2013 01:40 pm
PS holding 58.50 keeps door open to run up to 60.50, if no turn from that area
then 62.50-63.50 and then pull back would need to hold ~60
04 Jan 2013 01:50 pm
58.50 acted as a base before the pop up to 59.75 new high, was sold right back
down to 59. NQ in the middle of its range. 59-58.50 key S
04 Jan 2013 01:53 pm
market doesn't like it up there around 60, failed there yesterday and today,
another bounce should be sold into as that could be a top
04 Jan 2013 01:58 pm
some buying coming in from around 57.50 prior low, this bounce should fail at a
lower high if were going to break down
04 Jan 2013 02:06 pm
59.25 was sold on last pop but good buying comes in on every pullback so no
breakdown unless 57.75-57.25 broken, 60.50 or higher still possible
04 Jan 2013 02:08 pm
but really shouldn't stay above 60 for a very long. If it does NQ also needs to
get above 2724 and then 2727
04 Jan 2013 02:15 pm
the move back to 59.50 was rejected and that's the fourth attempt to get through
59.25 and stick,needs to bounce from 58 area
04 Jan 2013 02:22 pm
five times now that the ES has turned down from 59.25-59.75 zone, but pullbacks
holding 58 area, needs a convincing break to roll over
04 Jan 2013 02:30 pm
the ES has been in a 2.25 point range sense around 11:35 AM, the lulls have led
to upside breakouts and could be on the way to take out 60.50
04 Jan 2013 02:33 pm
6th rejection of 59.25-59.75, if going to push through then needs to make
another go with a bounce off of 58.50
04 Jan 2013 02:36 pm
58.50 is the pullback low so far and this is the seventh try to get through
59.75, don't expect to stick
04 Jan 2013 02:42 pm
rejected again, marketgets more vulnerable to longer it stays under that and
should be rolling over if no new high soon
04 Jan 2013 02:44 pm
these are very frustrating when in a narrower range, ES trades have been for 3-4
ticks,exit order placed immediately upon entry,tight stop
04 Jan 2013 02:56 pm
buying again just above 58, that area needs broken and not quickly reversed for
a break to the downside. EDS needs a move above 59.75 and not
04 Jan 2013 02:58 pm
and not turn right back down. The NQ is finally perking up, a move above 2724
then 2727 needed there to attempt breakout also
04 Jan 2013 03:00 pm
this is acting like it wants to push through 59.70, and should have NQ can
continue higher and take it along
04 Jan 2013 03:02 pm
pushed above 59.25-59.75, 60.55 just one tick needs to stay over 59.25 area now
or a bounce that follows will be sold into
04 Jan 2013 03:09 pm
the pullback from 60.25 held 59.25 and 60.50 was touched. If this is going to
keep pushing higher than 59.50 should hold on pullback
04 Jan 2013 03:17 pm
holding the above 60 is needed if going to get to the 62.50-63.58 area, or else
next to bounce gets sold into
04 Jan 2013 03:26 pm
62.50reached in just a small pullback so far, if 61.50 isn't broken they can
still get to 63-63.50, or else a top up here possible
04 Jan 2013 03:30 pm
pullback held at 61.75 before popping up to 63.00, should pull back but stays in
it's a trend unless 61.50-61.00 broken
04 Jan 2013 03:39 pm
the market has been bought on all of the small pullbacks to the early going, but
that 63 could be a high to 60.50 is broken.
04 Jan 2013 03:40 pm
Thats yesterday's high, plus biggest pullback after 10:45 AM was 2.50 pts,
equals 60.50 off of 63 high.if 61.50 holds it's possible 63 gets
04 Jan 2013 03:43 pm
pushed through.if that 61.50 broken instead a high can be in and go to 60.50 at
least and possibly 59.75-59.25
04 Jan 2013 03:45 pm
going to call it a week. Next week the updates will be altered a bit due to
trading camp until Thursday.NQ going to take it on the chin EOD
04 Jan 2013 03:49 pm
60.50 reached and so far holding, but I think they snuck in a top late day,
could bounce but not stick. Have a nice weekend!
Friday-December 28, 2012
(time stamps are EST)
28 Dec 2012 09:36 am
1403.50-1402.50 the key area to hold or goes back towards 1400 or lower. Two
Econ releases in the first 30 minutes
28 Dec 2012 09:45 am
me have a high and at 1406 for now, 1403 area needs held on this pullback and
bounce with some gusto not to be
28 Dec 2012 09:50 am
1402.50 bottom of that support zone giving a bounce, should stay under
1404-1404.52 have another push lower
28 Dec 2012 09:58 am
ES held under 04 on 2 tiny bounces and made a new low at 1401.75 so far, can
bounce before release and two minutes but needs back above 04
28 Dec 2012 10:05 am
bounce took out 1404 by just 1 tick and turn back down and tested 1402.50, turn
right back up. Another dip
28 Dec 2012 10:07 am
another dip should be bought around 1404.50-1404 at the lowest to keep moving
higher, expect the next push higher to be sold into
28 Dec 2012 10:09 am
bounces are not going to stick, another test of the 1405-1406 area should be
sold into, a good short on a pop up that stalls out
28 Dec 2012 10:14 am
1404-1404.50 should be pivotal resistance on a bounce now, shouldn't be
exceeded/held. This should head back towards 98-97 if 1400.50 broken
28 Dec 2012 10:20 am
that 1400.50 minor fixed support was held, the bounce stopped just under 1404,
looks like choppy day and 1406 turning toimportant resistance
28 Dec 2012 10:21 am
another pullback should be bought even if 1405.50-1406 area is rejected again
28 Dec 2012 10:27 am
the bounce stopped at 1405.25 and getting a pullback, has two turnaround from
1402.50 area or could go back to the low. 1405.50-1406 key
28 Dec 2012 10:33 am
ES was bid up from 1402.75 to 1405.00,but couldn't stick again. Must stay over
1402.50, but expect selling into bounces when upside stalls
28 Dec 2012 10:37 am
the ES bounced from 1400.50 support to 1405.25, sold into down to 1402.75 new
support, chop to 1406.25 sold into, now must hold 1404
28 Dec 2012 10:39 am
feeble bounce from 1404.25,a move back below 1402.75 would break upside pattern.
28 Dec 2012 10:45 am
another pullback held 1404 sprinter to 1409, maybe something out of Washington
but pullback should stay above 1406-1405.50 at the lowest
28 Dec 2012 10:50 am
on the way up from 1400.50 fixed support,the ES has been holding dynamic support
1402.50, 1404, 1406. 1408. Needs to hold now, 1412 R
28 Dec 2012 10:53 am
if 1408 isn't bid up, then 1406.50-1406 a key support to hold. If they push up
to 12-13, and stall or rejected, should give decent pullback
28 Dec 2012 10:58 am
1408 held on first tests but just a feeble bid and drop to 1407.25. First time a
support area broken, 1406.50 next support. Bounce shouldn't
28 Dec 2012 11:02 am
take out 1412, if it does it shouldn't hold, shouldn't go any further than 1414.
18.50-19.50 strong area if I'm wrong and 1414 taken out,
28 Dec 2012 11:06 am
just a heads up, I will be away this afternoon from around 12:15 PM until a
little after 1 PM.
28 Dec 2012 11:07 am
at the moment there is pressure on under 1409, if 1406.50 to get a bounce than
1404 was the next
28 Dec 2012 11:21 am
the ES drifted down to 1405.50, and stall out before turning up. Not much gusto
to the bounce, they should be sold into, especially a pop up
28 Dec 2012 11:24 am
that stops around 1409 and stalls or shows rejection. May not get that, could go
back to 1404 if no hold of 1406-
28 Dec 2012 11:32 am
steady drift lower since stalling just under 1409 and breaking 1407 area. needs
to get above 1406 and hold that level for a bounce attempt
28 Dec 2012 11:35 am
even if that happens, a decent bounce should be sold into. Things are slowing
down already, a very thin bid and ask on all futures contracts
28 Dec 2012 11:37 am
1404.25 was touched and quickly came back up, but need the NQto get turned
around if this is going to give a decent bounce
28 Dec 2012 11:42 am
that 1404 area on the ES and 2615 area on the NQ our key support areas and this
slow downtrend, upside shouldn't go too far but doesn't
28 Dec 2012 11:44 am
breakdown unless those levels are taken out. That bounce could go to 1408-1409
area at most, should be sellers around there
28 Dec 2012 11:56 am
the NQ could lead this lower as the ES struggling just under 1407 the NQ could
break 2615 and start some downside momentum
28 Dec 2012 12:04 pm
the NQ based out just above 2615, ES was bid back up from 1405.50, this can
grant higher a bit further as long as those areas are not broken
28 Dec 2012 12:07 pm
I need to leave in just a few minutes, and will be back in about an hour from
now. bounces not sticking very well, 1408.50-1409 key R
28 Dec 2012 12:31 pm
almost to the 1408.50-1409 area,should be a reaction there, but 1405.50 on ES
and 2615 on NQ still key support, back later
28 Dec 2012 01:13 pm
the ES is chopping around from 1408.50 two 1405.75, just a scalper's market,
upside or downside not sticking
28 Dec 2012 01:31 pm
market has a "sell a bounce" feel to it and it 1405.755 is a bid this can break
down to 1404 or lower
28 Dec 2012 01:38 pm
still able to hold the bottom of this tiny range. Even though thinly traded as
it is now, the market had a fluidity to it thats gone away
28 Dec 2012 01:42 pm
if something happens to break this and doesn't turn right back up, could be
caught in a vacuum making a quick move, has consolidated 100 min
28 Dec 2012 01:47 pm
small bounce sold into,1408.25 would be a test of the high of this range, need a
hold over 1406.50 at least to have a chance to move higher
28 Dec 2012 01:51 pm
hard to believe people want to be buying expecting a miracle out of Washington,
a "fix" could be sold into anyhow.
28 Dec 2012 01:52 pm
would rather be short than long, day trades should be better short on bounces
for those hanging around all day
28 Dec 2012 01:55 pm
1404.25 is the bottom and of the strange, 2615 still on the NQ. There will be
sellers if a bounce attempt
28 Dec 2012 02:00 pm
bounce from just above the bottom of the range 1406 Resistance should be sold if
going lower
28 Dec 2012 02:06 pm
05.75 sold, 04.25-03.50 S
28 Dec 2012 02:12 pm
drop to 1403.75 was bid up, but still under pressure unless 1405.50-1406 is
reached again and not rejected, as it was on first tiny bounce
28 Dec 2012 02:16 pm
under pressure unless 1405 exceeded, 1402.50 is next support , next update in
about 10 min
28 Dec 2012 02:29 pm
tiny bounce off 1403.50 to 1404.75 instantly sold, token lower low 1403.25
likely shorts covering, should continue lower staying under 1405
28 Dec 2012 02:46 pm
held just above 1402.50 support given earlier.1404.75 on the ES and 2616 on the
NQ need pushed above/held on a dip to get rally attempt
28 Dec 2012 02:57 pm
1404.75 on the ES and 2615.50 on the NQ were bounce highs, but just a small
pullback so far, 1402.50 area key support, but a push through
28 Dec 2012 02:59 pm
1405 on the ES needed to get any kind of short covering move higher. I don't
think something magical happens at 3 PM, the meeting just begins
28 Dec 2012 03:05 pm
I will be wrapping up a bit early today, and about 10 minutes. But for
Washington to do something today, they need to sit down and autograph
28 Dec 2012 03:06 pm
quite a few papers, AFTER trying to come to an agreement of some sort. Still
needs to push over 1405 and not turn right back down
28 Dec 2012 03:17 pm
1402.58 area well bid, but stopped at 1404.75 for the third time, if exceeded
and notquickly reversed then good possibly test 1407-1408 but
28 Dec 2012 03:18 pm
that should take some work. Should stay above 1403.75 to have a chance
28 Dec 2012 03:20 pm
they could get up there at 1404.50-1404 area holds on any pullback, from 1405.50
most likely if going to get one
28 Dec 2012 03:26 pm
pull back from 1405.50 to 1404.00 turned back up and could push a bit higher but
likely pull back again
28 Dec 2012 03:29 pm
next update will be sent next Wednesday around the open. Wishing you and yours a
Happy New Year! thank you for being part of the group!
28 Dec 2012 03:30 pm
"see" you next Wednesday
28 Dec 2012 03:42 pm
Spike down to1398.50 can be revisited if 1402.50 is a clear/held.
Thursday-December 27, 2012
(time stamps are EST)
27 Dec 2012 09:31 am
early strength sold into, maybe a move over 15.50-16 and hold up there
27 Dec 2012 09:34 am
this is going to need to bounce from 12.50-12 area with some gusto
27 Dec 2012 09:44 am
16-15.50 was supposed through, needs to hold as support on pullback
27 Dec 2012 09:46 am
19.00-19.50 needs to be cleared if 16 area holds and gives a bounce. More
numbers top of the hour
27 Dec 2012 09:55 am
there was a small bounce from 15.75 to 17.00, but no follow through. 12.50-12
the important support, 19-19.50 resistance after 10 AM
27 Dec 2012 10:01 am
going to 12.50-12 and need to bounce from there and take out 15.50-16
resistance, pivotal area this morning
27 Dec 2012 10:05 am
a bounce from 12.50 up to 14.25, staying under 14.50 keeps pressure on
27 Dec 2012 10:12 am
bounce to 14.25 was sold, needs to clear that to take pressure off. 12.00
holding and still key area, but bounces being sold so need run up
27 Dec 2012 10:14 am
above 14.50, then especially 15.50-16.00 area which is pivotal this morning
27 Dec 2012 10:21 am
falling apart again on the break below 1412, 12-13 resistance now 1404-1402.50
may be in the cards if this stays under 1409-10
27 Dec 2012 10:25 am
1403.50lo so far, this zone has to hold to avoid going under 1400 again. Brown's
resistance 1407 then 1408.50-1409
27 Dec 2012 10:37 am
based out at 1403.50, bounces failed at 1405.75 and 1406.00, needs pushed
above/held on a dip or could go under 1400
27 Dec 2012 10:42 am
if 1403.50 isn't broken, and a move above 1406 sticks, could give a move up to
1408.50 areabut need to start soon
27 Dec 2012 10:49 am
the ES based out at 04.00-03.50,just push through 1406 and can get to 1408.50
area before pulling back, 1406 support
27 Dec 2012 10:53 am
tepid bounce stopped at 1407.50, needs to hold ~06 and bounce with gusto,or
could go back towards the lows
27 Dec 2012 11:05 am
the ES fell to 1404.75, bounced back to test last bounce high at 1407.50, but
not sticking. needs to be another pop up from 1404.50 at worst
27 Dec 2012 11:08 am
otherwise a chance todrop to the 1402.50 area or lower possibly 97.5096.50
27 Dec 2012 11:18 am
1404-1404.50 area should be resistance if going to make another push lower and
test/take out 1400 area. If exceeded, 1403 will need to hold
27 Dec 2012 11:26 am
1404.50 the bounce high so far, under pressure unless broken and then 1403.50 at
worst able to hold on pullback
27 Dec 2012 11:33 am
a pop-up didn't stick per normal, nothing has changed, yet, though there has
been a good bid around 1403.25 which must hold to avoid 1400
27 Dec 2012 11:46 am
trying to make a late morning low and also stairstep higher like yesterday, but
must hold 1404 or bounce that follows is sold into. Or if
27 Dec 2012 11:48 am
1404 broken and no quick bounce than a drop towards 1402.50-1402 needs held or
still going for the 1400 or lower
27 Dec 2012 11:52 am
there could be a bounce but should be sold, probably won't happen but a token
higher high should be sold into and pull back again
27 Dec 2012 11:56 am
a hold under 1403.50 can help push this under 1400
27 Dec 2012 12:01 pm
acts like buyers mostly absent and with sellers in control the pop-ups are
shorts covering, and positions put on again when bounce stalls.
27 Dec 2012 12:01 pm
Thats the way things have gone last 4 days, from 40+ points higher on the ES.
12.50-12.00 support broken by just 1 tick so far, should
27 Dec 2012 12:02 pm
Needs to get above 1403.50-1404 and hold to have a potential double bottom in
for a while, other wise still can test/break 1400
27 Dec 2012 12:06 pm
almost to 1400, potential reversal or bounce from 97.50 area, 1402.50
resistance, cover shorts next update after 15-20 minutes break.
27 Dec 2012 12:21 pm
dropped under 1400 and turned up but just another small bounce with no gusto,
needs to get back above 12-12.50 to attempt turning around
27 Dec 2012 12:32 pm
97.50-96.50 zone could give a bounce, but this action is very poor and worth
passing and staying on the short side on bounces
27 Dec 2012 12:42 pm
96 low brought in some buying, 99.50-00.25 R. 93-92 area would be next, if this
pattern continues and bounce fails around 99.50-00.25
27 Dec 2012 12:52 pm
one of the best buy ups of the day up to 99.00, pullback should hold 97.25 at
the lowest to have a chance to push back through 99.50-00.25
27 Dec 2012 12:55 pm
a small pullback held at 97.50, and that now important support and should hold
to get that through 99.50-00.25 resistance
27 Dec 2012 01:04 pm
bounce from 97.50 made it to 1401.50 so far. 99.50 is now important support,
should it be broken to keep this decent bounce in year
27 Dec 2012 01:06 pm
1402.50-1403 Resistance up here should be sold down towards 1400 and then bounce
if staying strong and not just another failed rally
27 Dec 2012 01:15 pm
1402.50 reached on this bounce, pullback needs to hold 1400.25 to keep up side
and gear. If they move a bit higher towards 1405-06, pivotal
27 Dec 2012 01:18 pm
this is a bit of a carbon copy from yesterday with early strength sold in the
first 15 minutes and a drop to early afternoon low then bounce
27 Dec 2012 01:22 pm
I doubt this bounce lasts much longer, sellers came in around 1404 earlier,
needs to bounce from 1400-1399.50 but still should fail
27 Dec 2012 01:31 pm
ES fell to 98.75 and maybe tough getting back to the 1401.75 area but if a
bounce fails around there it sets up a shorting opportunity
27 Dec 2012 01:32 pm
I need to be away for about 15 minutes and will update ASAP after returning
27 Dec 2012 01:45 pm
staying under 1401 keeps pressure on, 2605 on the NQ. Must be cleared to avoid
breaking 99 area and going for tests of low
27 Dec 2012 01:51 pm
choppy but holding 98.75 so if 1401 and 2605 on NQ are exceeded instead, then
1402.50-1404 prior support area is still important R
27 Dec 2012 02:03 pm
if the market internals end the day a little bit worse than they currently are,
and the VIX drops back down towards 20, it could be putting
27 Dec 2012 02:03 pm
internal gauges into very oversold condition along with some VIX buy signals
possible. The days not over, ES needs to get over 02.50-04.00
27 Dec 2012 02:05 pm
and not turn right back down for pressure to be taken off on the downside.
27 Dec 2012 02:22 pm
the ES caught a decent bid on retest of 97.75, a pullback should hold 95.50 area
to keep from failing Andy getting over 1401 resistance
27 Dec 2012 02:37 pm
the bounce fell just shy of resistance that 1401 on the ES and 2605 on the NQ,
and failed to test/break last pullback low, but still
27 Dec 2012 02:40 pm
a short one bounces unless those areas are taken out. If they are, then they
move towards 1404 on the ES. 2 tests 97.75-97.50 important S
27 Dec 2012 02:47 pm
not sure the cause for that other than some short covering but a pullback will
be bought, 1401 should be strong support if reached. Must bounce
27 Dec 2012 02:49 pm
positive talk from Capitol Hill, 1407.50-1408.50 small resistance, pullback
should hold 1404-1402.52 stays strong
27 Dec 2012 03:02 pm
pullback held just above 1404 and that area should be pivotal end of the day ,
1408.50 than the 1412 area I 1408.58 exceeded/held
27 Dec 2012 03:15 pm
1410 might be it for this boun have 1407.00 is broken, next would be 1405. If
that doesn't hold there could be a late slide to 1401-1400
27 Dec 2012 03:22 pm
1407 was broken and turned up,this should grind higher into the close unless
there is a move back under 1407 not quickly turned back up
27 Dec 2012 03:25 pm
last resistance on this move is 12.50-13.50 area, pullback should hold 1410 area
to continue grind higher, 1408 at the lowest should hold
27 Dec 2012 03:29 pm
if for some reason 1408 broken and not quickly reversed back up, then small
support at 1406.50, strong support 1404.50 area,just in case
27 Dec 2012 03:33 pm
1410 held in another push higher, that is important level and shouldn't be
broken
27 Dec 2012 03:34 pm
have a good rest of your day, I will see you tomorrow shortly after the open
27 Dec 2012 03:56 pm
if there's going to be selling into this patchwork deal in the works, possibly,
then it could come from 19.50-20.50 area. short-term low
27 Dec 2012 03:59 pm
is likely in place however in a drop down to 1408 area needs to hold or that
would be in jeopardy. More from Washington now,
Wednesday-December 26, 2012
(time stamps are EST)
26 Dec 2012 09:30 am
If it cannot hold 23 then a test of 21.54 lower
26 Dec 2012 09:36 am
it's going to be a slow day if this low energy on the open is an indication.
Another pop-up should be sold into, a test of 21.50 bought
26 Dec 2012 09:43 am
pop up didn't go far before turning back down. Needs to stay above 23 on the ES
and around 2654.50 on the NQ or rolling over
26 Dec 2012 09:53 am
Test of the low not giving much of a bounce, a move back above 23.50 needed to
take some pressure off, but a hold under could move to 20-19
26 Dec 2012 09:55 am
24.00-24.50 resistance is the high so far, and this is bearish unless that's
cleared/held
26 Dec 2012 10:00 am
if 24-24.50 is not rejected on a push higher, but exceeded/held instead, then
27.50-28.50 possible. 22 must continue to hold to get there
26 Dec 2012 10:08 am
22.50 needs bid up aggressively above 24-24.50 resistance soon, or a break under
22 likely and could see 20-19
26 Dec 2012 10:21 am
24.50 resistance shouldn't be broken/held, that is key resistance on a decent
bounce. If this stays under 22.50, one more drop towards 20.50
26 Dec 2012 10:27 am
21.75 was sold and pull back held at 20.50,that must hold and also get above
22-22.50 to avoid 19 area
26 Dec 2012 10:33 am
20.50 held so far, bounce should be sold no higher than 22-22.50 area. Downtrend
intact unless 22.50 exceeded
26 Dec 2012 10:40 am
steady move lower after the break of 22.25, 20.50 area small resistance on
bounce from just above 19, must be bid up with gusto
26 Dec 2012 10:43 am
20.50 should be pivotal to keep the grind lower in gear, if broken/held then
22-22.50. 17.50-16.75 suppport if one more push lower
26 Dec 2012 10:48 am
ES traded down from initial resistance at 24-24.50 to just above 19.00 minor
support, 17.50-16.75 could be seen if hold under 20.50
26 Dec 2012 10:54 am
should see 17.50-16.75 the way this is acting, a push under 19 would need to be
instantly reverse back up to avoid
26 Dec 2012 10:59 am
if there is a bounce from 17.50-16.75 area it should have trouble getting above
20 and holding. 15.50 small area below
26 Dec 2012 11:06 am
15.50 minor support gave a small bounce but should go for 12.50-12 area next as
long as 17.50-18 not exceeded/held
26 Dec 2012 11:13 am
12.50-12.00 area juust missed could give a bounce, but need to get back above
15.50-16.25 to dent the downtrend
26 Dec 2012 11:26 am
bounce reach 15.50, rejected, needs to bounce from above the low and take out
15.50-16 to get a little bounce going, and potential low in
26 Dec 2012 11:28 am
needs to get above 15.50 area and hold to get this turned back up for a wimpy
bounce that gets sold into
26 Dec 2012 11:35 am
the spike low down at 10.75 is between 12.50 and 08.50 support areas. Small
resistance at 14, a move above 15.50 can dent the downside
26 Dec 2012 11:47 am
a decent bid on the NQ, it needs to get above 2632 area and the ES above 15.50
to break down trends. 12.50 small support to hold, 27 NQ
26 Dec 2012 11:48 am
those need held to have a chance of taking out those resistance areas, otherwise
another pullback should be brought
26 Dec 2012 12:00 pm
12.50 held on the ES and the NQ pushed above 2632, needs to stay above 13.25 if
theres going to be an attempt of 15.50-16.75
26 Dec 2012 12:06 pm
13.50 pullback low so far but looking a bit ttop-heavy around 15 and could
retest at least 12.50-12, possibly the low
26 Dec 2012 12:15 pm
the pullback held at 12.75 and a bid back up, 15.50-16.25 resistance if this can
continue higherand get above 14.50 with some gusto
26 Dec 2012 12:18 pm
15-20 minutes break needed here. Bounces still unable to stick,even if a better
bounce that should be sold into. Back in just a bit
26 Dec 2012 12:36 pm
two pullbacks held at 12.25, and this is the third test of 14.25-14.75 needs a
push above that area and stick. Otherwise test lows
26 Dec 2012 12:41 pm
pullback held 12.50 on third test of 12.50-12.00, ES stuck between 12.25 and
14.75,need to break that range to get something going
26 Dec 2012 12:48 pm
another poke down to 12.255, but under pressure under 13.50, that at least needs
clear to take pressure off. If 12.25 holds an goes thru 13.50
26 Dec 2012 12:53 pm
12.50-12.00 area was important coming into the day, the break below didn't hold
very long, pop to 14.75 then the 12.50-12.00 holding cents
26 Dec 2012 12:56 pm
There should be good sellers above but for now no damage done unless that area
broken again. 22.50-22.00 should be key the rest of the day,
26 Dec 2012 01:00 pm
16.75-17.50 is resistance on this bounce that should be sold into, 14.50-14
needs to give a bounce or a choppy top in for a while
26 Dec 2012 01:06 pm
pullback has gone a bit too far, there could be another pop-up from here but
sold into around the 15.50 area, 16.75-17.50 maximum
26 Dec 2012 01:17 pm
it was getting above 13.50 area that got the upside going, the pullback to that
area holding but need a push thru 15.50, not reverse again
26 Dec 2012 01:20 pm
15.00 reached so far, if this is going to drop act under 13.50 and possibly 12
than that area should be reversed, or else 17.50 possible
26 Dec 2012 01:33 pm
a pullback from 15 down to 14 gave a quick pop up to 15.50 and turned back down,
needs to stay above 14.50 to keep from reversing
26 Dec 2012 01:37 pm
steady downtrend until 11:30 AM being followed up by a choppy tepid rebound,
stopping at 15.50 resistance so far. if going to pull back
26 Dec 2012 01:40 pm
it could possibly come if a pop up to 17.50 area is rejected, or fail a bit
higher than that. A break of 14-13.50 turns this down
26 Dec 2012 01:49 pm
15.50 resistance rejected down to 14 and bounce back but need a move over 15.50
and not turn right back down.14-13.50 needs broken on pullback
26 Dec 2012 02:00 pm
pullback held at 13.75 so far, that must hold to have chance of getting above
15.50 again. must turn right back up if tested, stall under 15
26 Dec 2012 02:02 pm
this could be the start of a move to 17.50 area as long as 14.50 holds
26 Dec 2012 02:05 pm
it has been moving up in a choppy manner, a pullback from 17 area should hold
15.50 area if going to go back up and not reverse
26 Dec 2012 02:13 pm
15.50 area tested and small pullback holding, could still get to 17.50 but needs
to bounce from 15.50-15.00 at lowest to stairstep higher
26 Dec 2012 02:25 pm
if this goes back under 15.50-15.00 and doesn't bounce right back like it has
been, this will be a top of some sort most likely. Another pop
26 Dec 2012 02:27 pm
should fail if that area isn't able to hold on a pullback
26 Dec 2012 02:31 pm
pullback held 15.25 so far but the way this is acting even a bounce over 17
should be sold into as soon as upside stalls out, 17-17.50 key
26 Dec 2012 02:40 pm
bounce from 15.25 need to hold around 16.00 to poke above 17-17.50, if that
happens and upside stalls, should follow with another pullback
26 Dec 2012 02:42 pm
has two stay over 15.25 or the stair step higher will be breaking and bounced
high and place will be sold against on a bounce attempt
26 Dec 2012 02:45 pm
lots of sellers at around 17 area and should be headed back towards 13.50,
possibly the 12.50-12.00 area if break/holds under 15.50
26 Dec 2012 02:47 pm
should have a bounce high in place, the ES should follow the NQ and break the
stair step higher, 13.75 minor support and 13,100 cash
26 Dec 2012 02:56 pm
should pull back from up in here, but as long as 15.50-15 area holds the job
beat up trend should continue. Good bids on all pullbacks
26 Dec 2012 02:58 pm
17-16.50 should hold to keep this moving higher, 22 is were the morning
breakdown gathered momentum, that area important resistance
26 Dec 2012 03:06 pm
watch 17.50-16.50 area for support on this pullback, needs to hold there and
start another push higher. If not then 15.50-15 possible
26 Dec 2012 03:12 pm
next pop-up will need to clear/hold above 18.50 area to get a squeeze to test
19.50, if taken out 22-22.50 next resistance. if 18.50
26 Dec 2012 03:14 pm
is not pushed through and gain momentum, but fails instead then 15 area can be
tested late in the day as a high well likely be in
26 Dec 2012 03:17 pm
17 held so far. in order to finish the day on a good note and in an uptrend,
that 18.50 level needs cleared/held along with 2640 on the NQ
26 Dec 2012 03:23 pm
19-19.50 was a test of the Friday low after being broken earlier. All of the
pullbacks bid back up since just before noon, and 15.50-15
26 Dec 2012 03:24 pm
needs to hold and give a good bounce that holds 18-18.50 to avoid breaking down
26 Dec 2012 03:30 pm
held above 15.50-15 area keeps the stairstep higher in gear and keeps door open
for a move above 18-18.50, needs to clear/hold 18-18.50
26 Dec 2012 03:32 pm
if there's going to be a late day squeeze higher that can take out 19.50 area
26 Dec 2012 03:34 pm
have a nice rest of your day. Catch you tomorrow sometime around the open
Wednesday-December 19, 2012
(time stamps are EST)
19 Dec 2012 09:23 am
Embarrassing error in last nights update, all of those economic numbers don't
come out until tomorrow morning. Sorry about that
19 Dec 2012 09:32 am
Globex session high at 46.00, that ought to be good resistance if reached again,
43.50-44 initial resistance needs to be cleared
19 Dec 2012 09:36 am
41.50 along with 2708 on the NQ need to hold if there is going to be a bounce or
else 38 possible before bounce
19 Dec 2012 09:39 am
need to takes out 43.50-44 and is able to stick above that. Breaking 41.50 along
with 2708 necessary for 38 test
19 Dec 2012 09:46 am
bounce to just below initial resistance sold on the ES, downside stalling out a
bit just above 41, if a move back above 43.50-44 must stick
19 Dec 2012 09:49 am
pop up from 41 stalled and now rolling over, that's bearish action on a minute
scale up here, 41 needs to hold
19 Dec 2012 09:53 am
a break under 40 that's not quickly reversed and give breakdown to 38 area which
is key in the early going and for setting up the day
19 Dec 2012 10:00 am
ES needsa bounce of more than 1.50 points or to 38-37
19 Dec 2012 10:03 am
30 minutes into the trading day, and also at a trend support at 38-37 and a
dynamic support along with that, need to move above 40 and hold
19 Dec 2012 10:04 am
bounce stopped just under 40 and this is still in trend down mode unless it's
taken out/held
19 Dec 2012 10:10 am
yesterday 38.50 set up the pop to 43 high, based out there and 40.75-41.50 area
pivotal on this bounce
19 Dec 2012 10:20 am
the bounce from 38.50 could stick over 40, and back down to the 38-37 zone. 40
key on bounce attempt, breaking 37.50 could mean 35 area
19 Dec 2012 10:24 am
no aggressive buying even stalling out at a support area.needs to get above 39,
at least, to have a chance to avoid another push lower
19 Dec 2012 10:31 am
finally some good buying came inafter turning up from 37.00, a move above 38.50
take some pressure off for a bit, but for the area then key
19 Dec 2012 10:40 am
38.50 was exceeded/held taking pressure off and just push above 40. should
pullback, needs to hold around 38.50, 41.25 next resistance
19 Dec 2012 10:43 am
not able to stay above 40 is bearish, neat and instant bounce from 38.50 area
back above 40 and hold. Otherwise back to the lows or lower
19 Dec 2012 10:47 am
38.50 was touched, and quickly turned back up, would expect selling this and as
stalls out at/near 40 again
19 Dec 2012 10:49 am
if it pushes through 40 and doesn't turn back down, could rally back to around
42. 38.50 support
19 Dec 2012 10:55 am
needs to hold 39.50 to keep this uptrend intact, stalled out so must bus through
40.75 soon to avoid breaking
19 Dec 2012 11:00 am
39.50 was held so far, but need a move back above 40.50 and then hold 40 on a
dip or going lower
19 Dec 2012 11:04 am
need to hold 40 if there's going to be a move towards 42-43
19 Dec 2012 11:06 am
may not get that far, two-sided action with trend down to the initial support
and about 50% retracement,could start pull back breaking 40
19 Dec 2012 11:09 am
talk myself out of staying with this uptrend, 42-43 it is possible but likely
sold into, 40.50-40.00 support
19 Dec 2012 11:12 am
42 was sold, and now must have a good bounce from 41-40.50 or its getting toppy
up here
19 Dec 2012 11:15 am
a pullback held at 40.75 and should push above 42 if the upside is going to
continue. A break of 40.50 would turn things back down
19 Dec 2012 11:23 am
trapped buyers above now has something triggered quick drop from 41.75, 42 area
obviously being rejected. a pop up will be sold into
19 Dec 2012 11:29 am
NOTE: I will be away today from around 12:20 PM until around 1:10 PM. I will
give a reminder before leaving. 40.75 should be sold
19 Dec 2012 11:37 am
40.75 was pushed thru and up to test 42, a pullback should hold 40.50 at worst
to keep this uptrend. NQ stronger bounce, 2708-07 needs held
19 Dec 2012 11:49 am
the next bounce should set up shorting opportunity on another test of 42 or just
below that stalls out. bearish under 42-43, 2711-12 on NQ
19 Dec 2012 11:51 am
if 40 is broken or the NQ begins to turn weak, they may not get up there again
19 Dec 2012 12:02 pm
in a range between 39.25 and 42.00 for just under an hour, 38.50 area should be
important on break lower.
19 Dec 2012 12:06 pm
a pop up to 39.75 should be sold if a bounce comes from 38.50
19 Dec 2012 12:09 pm
any kind of rally is going to be sold into unless dynamic change, also the
internals at a spot where they could improve enough to get
19 Dec 2012 12:16 pm
to get short-term internal gauges in sell territory in quite some time. So,
expect strength to be sold into.and decent pullback bid, unless hold
19 Dec 2012 12:17 pm
hold under 37 support if retested. I will be away until around 1:10 PM and will
update ASAP,
19 Dec 2012 01:08 pm
a bounce from 38.50 area back up to the 42 level, and that was rejected,so
probably back towards 38.50, NQ under 2700
19 Dec 2012 01:28 pm
another bounce from 38.50-38.00 area,this bounce should fail 40.50 area has been
pivotal
19 Dec 2012 01:38 pm
lots of buyers trapped above 40 if not out already, but like I said earlier
bounces not going to stick and could get new lows this afternoon
19 Dec 2012 01:45 pm
should head down to 35 area as long as it holds under 38.75
19 Dec 2012 01:46 pm
double bottom is possible but even if a bounce from 37 it will be sold into and
give one more push lower at least
19 Dec 2012 02:00 pm
double bottom, but should be broken if ES holds under 39.50 and breaks 38 again
19 Dec 2012 02:09 pm
that spike down to 36.50 maybe as far as downside goes, or there could be one
more push lower if 38.50 is rejected and they come dn thru 37.5
19 Dec 2012 02:15 pm
38.50 was rejected and 37.50 barely broken so far. As long as 37-36.50 holds
there is a chance for case that back towards 38.50 or higher
19 Dec 2012 02:17 pm
that area broke as soon as it was sent and 35 should be in the cards unless 38
broken
19 Dec 2012 02:23 pm
they went down to 35.25 on that last push lower, and a pretty decent rebound,
needs to stay above 36.50, if broken another drop could occur
19 Dec 2012 02:25 pm
another push up to 38-38.50 that stalls out could set up a short for one more
pull that
19 Dec 2012 02:36 pm
holding under 37.50 keeps pressure on for potential retest of the low,needs to
push above that area with gusto and not stall out
19 Dec 2012 02:48 pm
37 the bounce high and drop to a new low, 1434.50-1433.75 support, but bounces
should still fail unless 37 or especially 38.50 exceeded
19 Dec 2012 02:58 pm
35.50-36 should be good resistance on this bounce if going lower
19 Dec 2012 03:09 pm
36 was reached but only pulled back to 35 before another push higher, needs to
get back above 36-37 area which has turned the market that
19 Dec 2012 03:15 pm
failed bounces all day long, only break that unless 36 exceeded and not turned
right back down
19 Dec 2012 03:27 pm
with 30 minutes left could get some short covering if 36 is taken out and able
to hold, 35 would be support needed to hold if 36 is broken
19 Dec 2012 03:27 pm
have a nice day and I'll see you in the morning
19 Dec 2012 03:38 pm
resistance that 38.50, if that's taken out then 40-40.50 probably as far as this
can go
19 Dec 2012 03:51 pm
small support 32.50, and then could drop to 29.50-29.00
19 Dec 2012 03:55 pm
that 29.50-29 area was where the buying came in after the double bottom around
25.50 support yesterday morning.mini breakout area too
Tuesday-December 18, 2012
(time stamps are EST)
18 Dec 2012 09:40 am
25.50 pivotal as support, resistance if broken. Needs to get above 28.50 and not
turn right back down,
18 Dec 2012 09:51 am
still in an uptrend which is getting extended and will take a breather at some
point, some housing data top of the hour. Needs to hold over
18 Dec 2012 09:54 am
hold over 27.50 27.00 or turn right back up with broken otherwise could pullback
under 25 before
18 Dec 2012 09:58 am
highs could be in, another pop-up should see some selling into it
18 Dec 2012 10:09 am
27.50 sold into on a small bounce, 28-28.50 important resistance now and 25.50
which was just missed important support. a hold under 25
18 Dec 2012 10:11 am
more from Capitol Hill not too far off
18 Dec 2012 10:15 am
Capitol Hill in about two minutes
18 Dec 2012 10:23 am
I don't know where that last update came from but anyhow, pullback from 30
likely, then 27.50 area needs held to keep strength
18 Dec 2012 10:34 am
pullback from 30.25 held at 29.00 and another push higher, next pullback should
hold over 30.50 and make another push higher keep upside
18 Dec 2012 10:35 am
pull back from 32.52 get them down there
18 Dec 2012 10:46 am
33.75-34.25 is the overnight high area to be tested, 9 and 18 EMA on 1 minute
chart dynamic support inn strong trends per e-book 32.50 S
18 Dec 2012 10:56 am
if there's going to be a pullback from here then a pullback would need to break
34 and then have some trouble holding on bounce attempt
18 Dec 2012 10:59 am
now should have test or break the 34 area so it needs to bounce right back and
not stall around 35.50
18 Dec 2012 11:05 am
34.00 tested so far, holding, needs to pop soon, 32.50-32.00 would be next if 34
isn't held. should bounce from there if in good shape still
18 Dec 2012 11:13 am
bounce from 34 tested the high so far, and if 34.50-34.00 is held the market
stays strong, though likely sold a bit higher up,37.50 possible
18 Dec 2012 11:17 am
37.50-38.25 area reached, if a pullback support now at 36.25, 35.50 at the
lowest to keep up trend intact
18 Dec 2012 11:21 am
if there's going to be selling into this move, this should be the area around
38.50 for pullback under 37 at least
18 Dec 2012 11:31 am
so far the pullback held 36.25,ould give bounce but a retest of the high is
likely sold. 35.5 support
18 Dec 2012 11:35 am
there is about 7 second delay from the time I send the update and it gets to the
website, + need to "write" them and that's slow also today
18 Dec 2012 11:36 am
Plus my own trades to handle. I'm going to update if it looks like I can get it
to you in time to use, or very close if market not fast
18 Dec 2012 11:41 am
For now,long as 36 on the ES,2688 area on the NQ are not broken the trends are
still up, but not a lot on the upside, move getting parabolic
18 Dec 2012 11:56 am
the bounce all for 36 didn't know far, the NQ strongest by far all day and
backing away from 2700, could lead ES lower 2692 support there
18 Dec 2012 12:08 pm
there is a bit of a double top in place and and 34.50-33.75 possible if this
holds under 36.50-37 and breaks 36 again.
18 Dec 2012 12:22 pm
need the NQ held strong in the ES had just a small well contained pullback to
just 35.50, 36 should hold if going to get that to the highs
18 Dec 2012 12:36 pm
back to 38.00 on ES and NQ at its high also. 35.50 area is now key support, they
move through 38 could start move to 40
18 Dec 2012 12:40 pm
38.50-38 good support on a pullback, 1440 reached and could pullback but market
wants to go higher and will continue the way this is acting
18 Dec 2012 12:45 pm
if they pullback from 43, should hold 41.50-40.75 to keep this strong uptrend
intact
18 Dec 2012 01:01 pm
EDS pulled back to 40.75 but that NQ a better bounce from just above 2700,
another run up needs to push through 43 w/ gusto,
18 Dec 2012 01:05 pm
one more pop up will be sold into especially if a move to 43.75-44.50 stalls
out, I need to be away for about 15 minutes, my apologies,
18 Dec 2012 01:22 pm
I think this is more than just a pullback. They didn't stay over 42 very long
and NQ rejected 2705 3 times. A retest should be sold
18 Dec 2012 01:36 pm
It looks like as long as the 38.50 area acts as support and holds there is the
possibility of seeing 42 again. Must hold 38.50 to keep
18 Dec 2012 01:40 pm
That trend up action going, should also hold 40. but if a retest of the highs
stalls out then we should get a decent pullback from there
18 Dec 2012 01:47 pm
buyer likely to back away, long stake profits, just under 42. That was
resistance after pullback from 43. It exceeded
18 Dec 2012 01:53 pm
then should test 43 high of the day. 42 rejected again so sell bounces under
that do a pullback of about 4-6 point
18 Dec 2012 01:58 pm
todays internals very strong for the second day in a row, possible that
indicators at or near sell territory. Ideally 1 more day like this
18 Dec 2012 01:59 pm
Staying under 42 should keep some pressure on sole pullback might occur today
18 Dec 2012 02:14 pm
if the ES holds 40.50 area it could get back up to 42 again, if they don't push
right through that area they could pullback a couple points
18 Dec 2012 02:21 pm
selling into strength like it did earlier, third sign of some sell side action
this afternoon. but only breakdown if 38.50 broken
18 Dec 2012 02:29 pm
change of character with strength being sold in 40-40.50 -trend to move over and
another bounce a short
18 Dec 2012 02:33 pm
35.50pullback low shortly afternoon lines up with 60 EMA on five-minute chart
and must bounce from around there to avoid more damage
18 Dec 2012 02:38 pm
38.50-39 minor resistance that will be sold on a bounce if weak, than 40-40.50
would need to be exceeded/held
18 Dec 2012 02:49 pm
39 poked through so should go to 40-40.50, if a bit higher that should be sold
into. For now a pullback needs to hold around 38.50-38.00
18 Dec 2012 02:55 pm
Stalled just under 40, IF they are able to get back to 41.50-42 zone, should be
quickly rejected, otherwise could test/break the high
18 Dec 2012 03:10 pm
pullback held at 38.50 and run up sold into at 40.75, needs to bounce off of
39.50 area if going higher. 38.50 keys support end of the day
18 Dec 2012 03:13 pm
consider a few put options, market getting overbought and do a decent sized
pullback after this big run up
18 Dec 2012 03:21 pm
bounces not sticking now, and 38.50 tested, must take out 41 on a bounce off of
that and stick,
18 Dec 2012 03:23 pm
if thats sold again, highs could be in the making, or another breakout area.
also 4 time that the NQ easily came down from 2702.50-2705 area
18 Dec 2012 03:33 pm
could be some bounce but I don't expect a bounce to stick in the last 30 minutes
the way strength has been sold into.
18 Dec 2012 03:41 pm
as long as a pullback is able to bounce from 37 or above, then no damage done to
the up trend. but unless move for 40 holds, a bit vulnerable
18 Dec 2012 03:45 pm
40 was punched through right after last update, but didn't stick and fell from
40.50 down to 39.75 so far, still need move over 40 and stick
18 Dec 2012 03:48 pm
that's needed to get a breakout attempt tomorrow morning. Have a great rest of
your day and I will catch you tomorrow near the open
18 Dec 2012 03:57 pm
back to the high, a pullback late or after hours should hold 1440.50-1440 area.
Monday-December 17, 2012
(time stamps are EST)
17 Dec 2012 09:26 am
ES reached 16.50-17.50 area overnight, strong zone. the low at 1409.25 is just
above Fridays close. 1412 minor S, 1409 area must hold
17 Dec 2012 09:37 am
13.50-13.00 needs to hold or give a bounce on a dip if theres going to be a
retest of 16.50-17.50
17 Dec 2012 09:44 am
pull back to 13.75 turn right up and as long as that holds uptrend intact to
test resistance
17 Dec 2012 09:47 am
16.50 sold and now needs to stay above 15-14.50 on pullback if there's going to
be another push higher
17 Dec 2012 09:52 am
15.00 pullback low, that is a key area now and needs to stay above that or
transition that to the downside.
17 Dec 2012 09:56 am
17.50 reached and should see some reaction,16 needs held now to keep this going
17 Dec 2012 10:02 am
so far the pullback from 17.75 high held at 16.50 and shouldn't go much further
or an early high could be in place, especially breaking 15
17 Dec 2012 10:10 am
this needs to stayabove 17 or that is a top to sell against
17 Dec 2012 10:15 am
unable to stay above 17.50 and if no strong bounce from 16, a drop down to 15
would be the key support
17 Dec 2012 10:17 am
should see 15-14.50 at least. A bounce from there would need to get above 17 and
hold or going back down again
17 Dec 2012 10:26 am
15-14.50 once the pullback target, but still going lower unless a good move
above 16.50 doesn't turn right back down
17 Dec 2012 10:30 am
could head back down to 1412 or maybe lower if they break under 1414 and dont
turn right back up. 16-16.50 resistance on bounce
17 Dec 2012 10:35 am
1416.00 bounce high so far, if 15 holds there is a chance to test the high,
should fail there, but if not then 21 potentially
17 Dec 2012 10:40 am
two-sided day in the works. This bounce should be sold into around 17-17.50, but
hold 14.75 on a dip to avoid more downside
17 Dec 2012 10:51 am
tiny pullback held just above 15.00, couldn't get back to 17.50 but likely fail.
Reversal if 15-14 broken
17 Dec 2012 10:55 am
should have said "could get back to 17.50" apologies for the errors with the
voice software, time to retrain. 15.75 needs held to get their
17 Dec 2012 10:58 am
ES churning just under 16.50,for now the market looks vulnerable here unless
16.50-17.50 broken through/held
17 Dec 2012 11:03 am
just another tiny pullback at the moment, if they pull back to 15.00 or just
above, and turn right back up, can continue higher. Or break/
17 Dec 2012 11:04 am
break/hold over 16.50, then a bit more run up before being sold into
17 Dec 2012 11:11 am
the market has had a good bid on pullbacks, and stays out of trouble unless 15
is broken. if 18 not rejected, 21-22 possible
17 Dec 2012 11:14 am
17-16.50 should hold if a pullback from 18 area,otherwise deeper pullback before
another bounce
17 Dec 2012 11:22 am
17.50 area now is important to hold on a pullback, that shouldn't be broken if
this is going to make it to the 21-22 area.
17 Dec 2012 11:28 am
if they bounce from 17.50 is going to fail, if they break and don't turn right
back up, 16.50-16 can be tested before bounce
17 Dec 2012 11:30 am
the tick extreme at the high, a bit of capitulation by the bears on that move.
another bounce should be sold into
17 Dec 2012 11:36 am
yet another run-up from 17.00-16.50 area, that is key on another pullback, and a
should hold if the stair step higher continues
17 Dec 2012 11:38 am
ES looks determined to go for 21-22 area, or at least poke to 20 and see if that
brings in more buying or is rejected. 18 now minor support
17 Dec 2012 11:42 am
21.50-22.25 resistance was reached, should see some pullback at least,
19.75-19.25 area should hold on a pullback or a high is in place
17 Dec 2012 11:55 am
21.50-22.25 zone reached and stalling out, those have been leading to breakouts
on the upside, but breaking back under 20 could do the same
17 Dec 2012 11:56 am
but on the downside to test at least 19 and possibly 17.50 or lower
17 Dec 2012 12:10 pm
pullback was slow and well contained, then again they could bid came in to push
higher. ok above 20 at the moment, 22.25 should be difficult
17 Dec 2012 12:15 pm
against the trend, but ES stalling out just under 21.50-22.25 resistance, thats
held the market back more than 30 minutes.
17 Dec 2012 12:18 pm
early two-sided action and then trend up to the 21.50 resistance so far, should
get some sort of pullback, but ok unless 20 broken
17 Dec 2012 12:22 pm
pullback shouldn't be more than 2.50 points on the ES to continue to grind
higher, shouldn't drop 4 points the rest of the day to stay bullish
17 Dec 2012 12:30 pm
20.25-19.50 area key support, 21.50 needs to hold to keep strong uptrend going
17 Dec 2012 12:37 pm
a drop would need to hold around 20.75-20.25 area or could have change in
dynamics, 18.50-17.50 if broken and not turn right back up
17 Dec 2012 12:41 pm
next update in about 20 minutes, a bounce from here not likely to stick above
23. 25.50 is next resistance
17 Dec 2012 01:04 pm
so far the pullback held just over 20.75-20.25 new support, needs a strong
bounce but that's not likely, most of todays upside done
17 Dec 2012 01:06 pm
better odds on the short side up here for some pullback, so far we had a couple
of 2 point pullbacks and of 4 point pullback,
17 Dec 2012 01:14 pm
for this action to continue this bounce from 21.00 needs get more enthusiasm and
run up through 22,but exhausted up here
17 Dec 2012 01:19 pm
dynamics have changed now so expect selling into a bounce if there is one, 21 is
resistance now, 20.50 before that
17 Dec 2012 01:26 pm
bounce back to 20.75, if there is a lower low look for 19.25-18.50 for another
bounce attempt if stalled out. Thats key this afternoon.
17 Dec 2012 01:31 pm
19.75 held on a retest, while NQ goes lower,need a move back above 21 with some
gusto, was good selling at 21.75, not likely taken out
17 Dec 2012 01:43 pm
grind the lower to 19.25-18.50 area, could bounce but in a downtrend unless
20.50 exceeded/held for now 18.50-17.50 area the next good support
17 Dec 2012 01:47 pm
grind the lower to 19.25-18.50 area, could bounce but in a downtrend unless
20.50 exceeded/held for now 18.50-17.50 area the next good support
17 Dec 2012 01:51 pm
Even though they made it down to the 18 area, doubtful that another rally is
able to stick. Should see selling between 21-22 if reached
17 Dec 2012 01:59 pm
the ES gravitated back to 17.50-16.50 area, and just under early high. Must
bounce here and get back above 19-19.50, not reject it instead
17 Dec 2012 02:06 pm
pop up to 20.50 was sold, needs to run up from 18.50 area, even if it does it
doesn't stick
17 Dec 2012 02:21 pm
a move down to 16-15 area is in the cards next, even a bounce from their not
likely to stick, 19-19.50 minor resistance on bounce
17 Dec 2012 02:35 pm
strange action but this should turn back down from around 19 if we are going
back down again. 17.50 minor support before the low at 16.75
17 Dec 2012 02:37 pm
18.75 was sold twice, just under 19 resistance, should give another push down if
17.50 broken and not quickly reversed
17 Dec 2012 02:43 pm
17.50 needs to be broken through to start more downside it appears, or get over
19 to rally.I need to be away for 10-15 minutes, apologies
17 Dec 2012 02:56 pm
market hasn't done much since turning up from 16.75, a slow move higher up just
2 points over 30+ minutes. Hard to decided for her but looks
17 Dec 2012 02:58 pm
looks like there is still a good bid on pullbacks and unless 18 broken and not
turned back up, this could try for 20-20.50, but not hold
17 Dec 2012 03:05 pm
just missed 20.00-20.50 so far, should be hard to clear and hold, need to stay
above 18.75 to keep this stair stepping higher
17 Dec 2012 03:11 pm
made it into the 20-20.50 area, should be sold of bit higher up,stays in an
uptrend unless 19.50 is broken for now
17 Dec 2012 03:13 pm
another pop up should be sold into, for at least a pullback. In 19.50 broken we
may not get another bounce until lower-levels
17 Dec 2012 03:16 pm
needs to hold here to get one more move to the upside, it will likely be sold
into around 21, if 19.50 broken then uptrend broken
17 Dec 2012 03:20 pm
that should be it for outside for a while,good sellers just above, but likely
still a good bid on a decent pullback
17 Dec 2012 03:25 pm
market at a decision point it appears, they break under 19.50 could start some
selling. A pop over 20.50 could give a bit more of a boost
17 Dec 2012 03:26 pm
the likely will have a hard time staying over 21. That's about it for the last
30 minutes or so. 19.50 should be pivotal.
17 Dec 2012 03:28 pm
have a good rest of your day and I will see you tomorrow morning. I will be a
little later than usual, closer to 9:45 AM or so. Take care
Thursday December 13, 2012
(time stamps are EST)
13 Dec 2012 09:22 am
roll over to March 2003 futures today. The symbol for the ES is ES H3, and H3
after the root symbol for the other Stock index futures
13 Dec 2012 09:24 am
the new contract basically six points below the December contract. You can still
trade the December futures if you like yet today,
13 Dec 2012 09:25 am
but the numbers given will be the new contract.
13 Dec 2012 09:27 am
March 2013, not March 2003. Should get 2 sided action today with some
volatility.
13 Dec 2012 09:38 am
market has a good bid to start,but stalling out, needs to hold /bounce from 22
area to stay strong, over 20.50 to avoid reversal
13 Dec 2012 09:42 am
on its way to take out yesterday's low,next bounce should be sold into
13 Dec 2012 09:44 am
22.25-22.75 will need to be cleared/held to begin getting out trouble.
18.50-17.50 important support
13 Dec 2012 09:47 am
20 needs held in order to have a chance of getting back to 22.25-22.75
13 Dec 2012 09:50 am
pullback held 20.25 and turned back up, if going lower should reject 22.25-22.75
13 Dec 2012 09:55 am
bounce from 20.25 reached 22.25 so far,needs to bounce from 21 if a pullback
here,needs to get over 22.50-22.75 and not turn right back down
13 Dec 2012 09:59 am
needs a hold over 22.75
13 Dec 2012 10:01 am
pressure can be on if 22.00-21.50 broken and not turned up, could be another
push higher but probably not if broken
13 Dec 2012 10:11 am
a bit of a stair step higher and should be good support at 22 now, next
resistance around 25.50
13 Dec 2012 10:13 am
24.50-25.50 area should see some reaction /pullback, but not too far, hold
around 23-22.50 at lowest, then back up
13 Dec 2012 10:22 am
a steady grind higher and just missed 25.50 but pullback should hold 24.25 to
keep strong uptrend, 23.00 key area
13 Dec 2012 10:26 am
pullback to 24.00 and stalling there, much lower and a height will be confirmed
13 Dec 2012 10:30 am
23.50-23.00 area should be pivotal, the high made about 5 minutes in, breakout
level also. Need to stay over that to keep up trend going
13 Dec 2012 10:32 am
be careful of a lower high or test of the high and then turn back down, would be
negative pattern
13 Dec 2012 10:39 am
the way this is acting at the moment, another move higher should come but get
sold into. Watch 24.50-25.00 for potential reversal
13 Dec 2012 10:51 am
23.00-23.50 area would need to be pushed above and held, or have a good bounce
from around 20 to turn positive. only a millisecond under 20
13 Dec 2012 11:03 am
stalling out at 21.50,steady downtrend after reaching 25.00-25.50 resistance can
be broken if 23 exceeded. More downside if not, 20.25-19.50
13 Dec 2012 11:10 am
20.25 low so far, a bounce will be sold into, would need a move over 22 and hold
to turn the trend for just a bit. but not stick, 18.50-17.50
13 Dec 2012 11:13 am
a statement coming from Washington within the hour, bounce off of 19.50 support,
can bounce here but most likely not for before another drop
13 Dec 2012 11:18 am
17.50 reached, that needs to hold or going towards 14.50. I need to be away 20
minutes or so, my apologies
13 Dec 2012 11:33 am
19.50-20.25 area should act as resistance on a bounce from down here
13 Dec 2012 11:37 am
20.25 is reached, needs to hold 19 area on a dip to get another push higher
13 Dec 2012 11:51 am
no sign of a turn at 19 and that turned into Resistance on a bounce, needs to be
bid right back up from 17.50-16.75, but not hold
13 Dec 2012 11:53 am
if this market was bullish, this would be a base and a good rally with some
gusto would begin. So far just tepid buying, not much conviction
13 Dec 2012 12:06 pm
tepid bounce up to 19.00 was sold, pressure stays on unless 19 is cleared/held
also around 2663 on the NQ
13 Dec 2012 12:13 pm
stalled out just under 19 and back down again,basically turned down day with all
bounces being sold after the earlier rally,stay with shorts
13 Dec 2012 12:16 pm
double bottom attempt but if 16.50 broken then small support around 14.50 but
the key support around 13.00-12.50
13 Dec 2012 12:20 pm
should at least see 14.50 but if no sign of a turn there then 13-12
13 Dec 2012 12:22 pm
16.75-17.25 area should be sold into if persistent downtrend is going to stay in
gear. Could be a better bounce if one more low reversed
13 Dec 2012 12:34 pm
16.75 was touched and then back down again to 14.25, so 14.50 target area
reached,I don't have ALL the other numbers at the moment, but
13 Dec 2012 12:35 pm
12.25-11.50 area equivalent to what was 18.25-17.50 area on December, that area
key on another push lower
13 Dec 2012 12:48 pm
12.50 reached but no bounce with gusto, 15.50 shouldnt be exceeded, or pressure
may be off for a bit.
13 Dec 2012 12:55 pm
15.50-16.00 is about as far as a bounce should go,if they get there and stall
out its another shorting opportunity with pretty tight stop
13 Dec 2012 01:13 pm
thus all at 14.50 lead to breaking 13.50 bringing in more selling down to 11.75,
that is at a key area, still trend down under 13.50-14
13 Dec 2012 01:28 pm
should have a low in place for awhile, 13.50 area should hold on a pullback to
keep this up trend intact
13 Dec 2012 01:40 pm
13.25 pullback low so far, must be defended or quickly reversed if broken to
extend uptrend 15.50 then 19.50 good resistance if holds
13 Dec 2012 01:46 pm
not liking this pattern, need to get back above 14 and hold, that could give a
squeeze to 15.50 or a bit higher. but test 12.50 or low
13 Dec 2012 02:00 pm
bounce from token lower low area, just above what was good support around on the
old contract
13 Dec 2012 02:03 pm
if there's going to be another pullback then this bounce should not take out
1414.00-1414.58 area. Should actually turn from 13.50 if going back to the lows
13 Dec 2012 02:08 pm
around 10-09 is clone to the 1405.50-1405.00 area that was a start of a good
rally last week. But trend down day, 3.50 pt bounces sold
13 Dec 2012 02:12 pm
both the 60 EMA and the 20 EMA(day session only chart) have marked bounce highs
all day, currently at 13.25 then 17.00. Sell against those
13 Dec 2012 02:15 pm
to change trend down dynamics there needs to be a bounce of >3.50 pts and above
20 EMA on 5-minute chart.
13 Dec 2012 02:33 pm
if theres going to be another pullback then should come from this area, but it
looks like a low may be in place, unless 11.50-11.00 broken
13 Dec 2012 02:40 pm
3.50 pt bounce,pulling back again but if 11.50--11.00 is bid back up,could make
it up to 15.00, if a bounce from that area has some gusto or
13 Dec 2012 02:43 pm
so far support holding,if that area breaks without turning right back up again,
then another test/break of the low then bounce attempt
13 Dec 2012 02:57 pm
11.50 was able to hold and another test of the 13 level, need to get above
13.50, or stay above 12.00-11.50 to keep bounce going
13 Dec 2012 03:00 pm
back in 10 min
13 Dec 2012 03:09 pm
the other 3.50 point bounces were immediately sold, but this one has gone
sideways and should go back down to teststhe low
13 Dec 2012 03:12 pm
this will stay under pressure unless there is a move back above 13.25 and not
quickly turned back down.if 10 isn't held then 08.50-07.50
13 Dec 2012 03:34 pm
this needs to stay above 1411.50-1411.00 area on a dip, then push 13.75-14.00 to
have a last 30 minute rally.
13 Dec 2012 03:37 pm
11.50 was quickly bid back up, still needs follow through and break/hold 13.75
area and stay there, gathering momentum
13 Dec 2012 03:44 pm
13.75 was cut right through, a good rally up to 17.00 so far. If thats exceeded,
19.50-20.25 key area. 14.50 area should hold to continue
13 Dec 2012 03:46 pm
a stall here so if 14.50 area doesn't give a bounce, 13-12.50 key support end of
the day
13 Dec 2012 03:48 pm
have a good rest of your day, I will catch you tomorrow around the open. If you
don't hear from me early, follow nightly update
Monday December 10, 2012
(time stamps are EST)
10 Dec 2012 10:09 am
18.75 rejected three times, need a move above and hold to avoid decent pullback
from that level, 16 needs held or back to 14
10 Dec 2012 10:13 am
right back to the 18.75, for now as long as buyers hold the 17 level this
uptrend stays intact, only if broken we get some downside
10 Dec 2012 10:16 am
that should be an early high especially if 17 broken, get short on another
pop-up 18-19area.
10 Dec 2012 10:23 am
a "prairie dog" top, should be
lots of supply in 18-19 area hold this down if there is going to be an early
high, or pullback towards 15
** A "Prairie Dog ", is a trade set-up
found in Mike's e-book:
"Read the Greed-Take the Money" **
10 Dec 2012 10:34 am
makt still catching a bid on pullbacks, should be selling in here, but to turn
things would need a move down with gusto. break/hold under 17
10 Dec 2012 10:39 am
very slow and should turn down from here and take out 17 with a bit of momentum
if there's going to be reversal
10 Dec 2012 10:47 am
this is as far as bounce is going to go or they are going to stay under the high
and take out 17.that range should give directional move
10 Dec 2012 10:57 am
the NQ much stronger and lead this breakout on the ES,on its way to test 22
area,a pullback should hold 19-18.50
pullback to 19.25, needs to push higher with some gusto or this could break down
a bit from up here before another bounce attempt
10 Dec 2012 11:23 am
slow motion, but old Resistance new support holding. if 19.50-19.00 reached
needs to turn up instantly or a high in place for a while.
10 Dec 2012 11:32 am
18.25 bid right back up. Keeps upside intact to potentially test 22-23. The NQ
losing its relative strength, needs a move back above 2658
10 Dec 2012 11:34 am
to help the ES move higher also, it has minor support to hold 2655-2654 area. It
doesn't like it around 2680 so far
10 Dec 2012 11:37 am
even though holding support looks like a some pressure on the low 20.50-21 area,
for move down to 18-17.50
10 Dec 2012 11:49 am
4 bounce attempts from 19.25-19.00, must hold, 22.25-23.00 could be in the cards
10 Dec 2012 11:52 am
this is going to have difficulty staying at higher prices, unless some person
buying spurt comes in for some reason, buyers have been burned
10 Dec 2012 11:54 am
up in that area three times, new buyers backing away up there and longs wanting
to lock in profits
10 Dec 2012 11:54 am
should be sold if another pop-up, and under pressure on break up 19-18.50
10 Dec 2012 12:04 pm
bounce from 18.50, not much gusto but still not much damage done. NQ acting
copy/top.can get back to 2653-2654, look for resistance.
10 Dec 2012 12:11 pm
market on edge up here, buyers that 18.50 resistance turned support, but hasn't
wanted to stay above 20 very long. Need break/hold over 20
10 Dec 2012 12:12 pm
for the market to get short squeeze going, and the NQ looks to have topped out,
ES could make new high while NQ a lower high IF 20 on ES
10 Dec 2012 12:17 pm
is pushed above on this leg up.it has,19.25 shouldn't be broken on a pullback
now or 22.25-23.00 probably not the cards
10 Dec 2012 12:24 pm
double top in place, upside appears limited even though buying coming in on
pullbacks, another push higher will at least need to clear
10 Dec 2012 12:29 pm
20.25, and not turn right back down,otherwise a high in place. NQ top at
2653-2654 bounced resistance. 18.50 area on pullback or 17-16.50
10 Dec 2012 12:38 pm
19.25-18.50 was rejected 4-5 times, after breaking out thats been support.
upside not going to stick, rollover is broken quick 15 min break
10 Dec 2012 12:52 pm
at 18.50 in a small bid back up, should be a bit more to go on the downside and
possibly 17.58 for a bounce attempt
10 Dec 2012 01:02 pm
he areas, 18.50 ES, 2644.50 NQ, 13,180 cash S, 20.50 ES, 2649 NQ, 13,191 on Tao
cash, NQ better trade vehicle leaving lower
10 Dec 2012 01:05 pm
that's the "DOW cash" sorry about that. A 2.50 point range on the ES for two
hours
10 Dec 2012 01:18 pm
the 60 EMA on 5-minute chart held as support late Friday and early this morning
and was just touched that 18.00, 16.50 next if broken
10 Dec 2012 01:22 pm
the bounce was about half of the range it up here, for now staying under 19 will
keep pressure on and 16.50 is the next to go for,
10 Dec 2012 01:24 pm
especially if there is a very under the 60 EMA on 5 minute chart that doesn't
turn right back up
10 Dec 2012 01:32 pm
should it least go through 18 by a few ticks , 17.50 would be perfect, then turn
back up. That could slingshot move to the upside, or 16.50
10 Dec 2012 01:43 pm
17.50 was reached in now that must hold as a low, and ES get back above 18.50 to
take some pressure off and possibly bounce towards 19.50-20
10 Dec 2012 01:57 pm
bounces not sticking,back down to 17.50 and there doesn't seem to be a good
reason to be a buyer up here, on the other pop-up should be sold
10 Dec 2012 02:09 pm
bounce from 17.50 up to 18.50, will need to get above 19 on ES and 2648 on the
NQ to attempt upside going otherwise choppy stuff continues
10 Dec 2012 02:30 pm
market just spinning its wheels unless breakout over 18.75-19 able to be
exceeded/held or the same with 17.75-17.50
10 Dec 2012 02:32 pm
17.50-18.00 area resistance now
10 Dec 2012 02:43 pm
the bounce stopped at 17.25 before the last rollover to 15.75, not too far from
the low may see thattested/broken. 17.25-17.75 area
10 Dec 2012 02:43 pm
should be good resistance if they can push back above 16.75
10 Dec 2012 02:56 pm
back to 17.50, and should pull back about 1 point and then attempt another push
higher to keep up trend and not turn back now, 17 area
10 Dec 2012 02:59 pm
17.25 the low on the mini pullback, should pull back from 19 area, but still
okay unless 17 area broken
10 Dec 2012 03:15 pm
pullback held at 17.75 for almost 10 minutes, this movie shouldn't get back
above1419.50-1420
10 Dec 2012 03:17 pm
that 19.50-20 area along with 2649-2650 on the NQ, posts need to be exceeded.
There may be a chance if 1775 holds as low
10 Dec 2012 03:22 pm
that is just under the top side of this trading range between basically 1422 on
top and 1397 on the bottom. need some good buying late day
10 Dec 2012 03:25 pm
to get a breakout on the upside let alone getting above 19.50-20 and holding.
10 Dec 2012 03:32 pm
17.50 is key support and a day, 18.25 a minor support,not certain about new
highs taking,but damage only done if 17.50 broken and last 30 min
10 Dec 2012 03:37 pm
a pullback from 19.50, but as long as 18.25 holds this will have a chance to pop
up towards 20.50-21,that would need to hold far more upside
10 Dec 2012 03:44 pm
a failure from just under 20, with 18.50 thousand turned this right back up then
it is 17.50 area next, which should hold unless the market is getting weak
10 Dec 2012 03:44 pm
have a nice rest of your day, I will catch you tomorrow near the opening
10 Dec 2012 04:00 pm
overnight look for shorting opportunity around 19.50-20.50 if it's reached, that
will be hard to break/hold, holding under 17 press on early
Thursday December 06, 2012
(time stamps are EST)
06 Dec 2012 09:24 am
overnight and this morning on Globex the 1409.50-1410.50 resistance was sold
twice, good if you trade overnight. 1404 3 times, must hold
06 Dec 2012 09:28 am
1404 held on 3 tests and probably key to hold up early here
06 Dec 2012 09:33 am
pressure on below 1408 for now, keep one eye on the NQ today. Much weaker
already, at yesterday's low
06 Dec 2012 09:34 am
must be quite a few shorts caught below, so next pullback reverses from above
1405-1404 there should be a run up or market in trouble
06 Dec 2012 09:39 am
pullback from 1409.50-1410.50 needs to hold 1407.50 area
06 Dec 2012 09:43 am
sellers at resistance, 1407.50 needs to hold to have the chance to push higher
06 Dec 2012 09:45 am
if short look for cover 1406.50 or better and/or trailing stop on the rest
06 Dec 2012 09:51 am
test of a low held,
06 Dec 2012 09:53 am
back away from resistance again must hold around 1407.75-1407.00
06 Dec 2012 09:57 am
should come off from resistance again, 1407.50 on the ES and around 2638 on the
NQ could be pivotal
06 Dec 2012 10:05 am
so far really good selling at 1409.50-1410.50 resistance zone, 1405.50-1405
support. NQ strong, the Dow weak, opposite of yesterday
06 Dec 2012 10:08 am
one of them should play catch up or catch down. NQ needs to get above 2646 with
gusto to get the ES to follow, not fail again
06 Dec 2012 10:17 am
fourth test of 1405.50-1405, and numerous tests of 1409.50-1410.50 fix
resistance. Breakdown unless 1408 exceeded/held, NQneeds clear 2644
06 Dec 2012 10:29 am
chopping around between 1405 and 1410, next dip needs to turn right up from
around 1406
06 Dec 2012 10:31 am
if they hold 1406 and push above 1408, that could get something going on the up
side, otherwise chop around more
06 Dec 2012 10:33 am
stop right at 1408, need to get above that level and hold up thereto get upside
to test resistance at the least, still vulnerable otherwise
06 Dec 2012 10:38 am
NQ leading this up, ES should stay over 1408 to keep pushing higher, not sure
resistance gets rejected on this trip so easily
06 Dec 2012 10:40 am
can sell down to 1408.50-1408, but should hold there if going to push higher
06 Dec 2012 10:49 am
pullback held at 1409, that is important support now to hold on a dip. Should be
a reaction around 12, if not then test of 14.50-15.00
06 Dec 2012 10:53 am
small reaction from 1412.50, could come down to test 10.50, if that area holds
they can make another push higher.
06 Dec 2012 10:57 am
10.75 held and gave a pop up, up here time to look at the short side if another
push higher for some pullback,but that should hold 1409
06 Dec 2012 11:03 am
not much of a pullback only to 10.75 so far as 10.50-09.50holding and support,
uptrend unless broken
06 Dec 2012 11:04 am
wellthat reaction off of 12 being quickly rejected it's a short with a tight
stop at the moment down to 10.50 maybe lower
06 Dec 2012 11:05 am
not 10.50 but 1409.50 the key area possibly to 1408
06 Dec 2012 11:12 am
1410.25-1409.75 area a last trapped at prior resistance, needs to hold or head
back down towards 1408.50 area before bounce attempt.
06 Dec 2012 11:23 am
the ES has traded between 1410.00 and 1412.50 for about 35 minutes, a break
lower could see 1408.50 area. Move higher can go to 14-15.
06 Dec 2012 11:24 am
trends and momentum both to the upside, stays and uptrend holding 10
06 Dec 2012 11:26 am
if 12.50 is rejected, pullback support should be around 11.25 and bounce right
back to avoidpotential double top
06 Dec 2012 11:34 am
11.25 gave a bounce but only to 12.25 and that was sold into, although not
aggressively. 10.25 is as far as dip should go to keep uptrend
06 Dec 2012 11:39 am
NQ keeps pushing higher propping the ES. 14.50-15.00 likely tested/exceeded as
long as pullback holds 12 area now, otherwise next pop sold
06 Dec 2012 11:45 am
ES up 8.50 points from its low, the NQ up almost 39 points from its low, and
still leading the way up. 2663 kind of important there,
06 Dec 2012 11:46 am
ES is being sold into last two pop-ups, could be a lunchtime high being made for
some sort of pullback
06 Dec 2012 11:53 am
trend up day after reversal from just under 1405, not likely to last all day
without some sort of pullback. Careful around 12.50-13 for dip
06 Dec 2012 11:59 am
somehow gave wrong R for NQ, 2663 was a low area coming into yesterday,rallied
to that after yesterday destruction/failed as did 12.50 on ES
06 Dec 2012 12:02 pm
should be noon time high in place and a break of 1410 will break trend up
action, if bounce here and then fail under at/12.50
06 Dec 2012 12:09 pm
this can selloff to 1409.75, but would need to turn up from there to avoid
potential breakdown. Currently some pressure on under 1412
06 Dec 2012 12:16 pm
a bit of a falling wedge pattern, a move above 11.50 SHOULD bring in buying, if
not then reversal back down can a bit under 1410
06 Dec 2012 12:18 pm
this is about to break down, buyers backing off and if no good bounce from
10.50-09.75 zone trend is broken and bounce that follows sold
06 Dec 2012 12:25 pm
NQ rallied back to its breakdown level, lows on 11/6, gap down from there and
hard sell off to 2492 on 11/16. Any bounce a short if not already
06 Dec 2012 12:31 pm
1408 is a small support,then down at 1405 area again,if theres pop up should see
selling 1409-1410
06 Dec 2012 12:34 pm
1410-1410.50 should not be broken/held on a bounce if going lower,
1407.75-1407.50 area transition on upside after coming off 1404.75, if
06 Dec 2012 12:36 pm
that area reached on this pullback and not turned right back up, then can retest
the lows. Trading range week still going on, upside limited
06 Dec 2012 12:39 pm
I'll update in about 20 minutes, need a short break. can be bid up to 10.50 area
but likely reverse there
06 Dec 2012 12:57 pm
1407.75 was tested, attempting to get some footing.needa move back above 1410
area to take some pressure off
06 Dec 2012 01:03 pm
another bounce to be sold into, this stays bearish unless 1410 on the ES and
2652 on the NQ are exceeded. Should be sold away this acts
06 Dec 2012 01:11 pm
Popup sold but refusing to break that 1407.50 transition level from earlier so
far.can start another bounce towards 10-10.50 Maybe higher
06 Dec 2012 01:19 pm
trading range with a good uptrend and decent pullback off of the high, bounce
reached 10.50, if 1409 holds there can be another push higher
06 Dec 2012 01:22 pm
watch 1409.50 if reached on pullback from 1411 for one another bounce if this is
going to continue working higher
06 Dec 2012 01:42 pm
the pullback held at 1409.75, gave a pop up to 1411.25 then pulled right back.
The NQ also made small double top just under 2656. Those
06 Dec 2012 01:45 pm
those little double tops need to be pushed through soon and not turned right
back down to avoid another drop/pullback towards 1409.50
06 Dec 2012 01:49 pm
the ES and NQ both tested double tops, could pullback but okay as long as 1410
holes on the ES and around 2650 on NQ
06 Dec 2012 01:54 pm
buyers backing off at the moment, but if 10.50 isn't broken there could be
another push higher, otherwise could roll over from up here
06 Dec 2012 02:04 pm
that's probably a bounce high for a while, buyers are backing off up in these
areas, then coming in on deeper pullback like 1407.50
06 Dec 2012 02:05 pm
to keep grinding higher, would need a quick reversal up from around
1410.25-1409.50 at the lowest
06 Dec 2012 02:18 pm
has traded between 1409.50 and 1412.00 for about 45 minutes, don't be forcing
any trades just to be trading. another pullback holds 1410
06 Dec 2012 02:18 pm
if that doesn't than could rollover towards 1407.50 again
06 Dec 2012 02:21 pm
not much else to do unless sell against top of range with tight stop, or riskier
at the moment buy near bottom of range with tight stop
06 Dec 2012 02:29 pm
10.25 was touch and turn right back up, as long as thats held the market always
trouble. That's about it, a breakout could give spurt but
06 Dec 2012 02:31 pm
a run-up should have a hard time getting back above 1413 and holding.
1414.50-1415 could get tested, but not stick
06 Dec 2012 02:32 pm
previous post meant to say as long as 1410 holds the market stays away from
trouble
06 Dec 2012 02:35 pm
pullback should be bid right back up, especially around 11.75-11.25, for this to
happen a shot to make new high, not double top
06 Dec 2012 02:42 pm
11.25 was turned right back up, but not able to make a break back through 1413
and looking like potential double top, NQ acting toppy
06 Dec 2012 02:44 pm
another push higher should be sold into, not gather momentum, market out of gas
on the upside. If 1410 doesn't give a bounce down towards 07
06 Dec 2012 02:57 pm
small bounce from 10.25 up to 11.50, probably have seen a high unless theres yet
another quick turn up from 1410. If not they see 1407 or so
06 Dec 2012 03:11 pm
another bounce from 1410 with no follow-through,a break under 1410 not quickly
reversed could start slide similar to yesterday
06 Dec 2012 03:15 pm
spike down to 1409.25, some short covering could pop this up, but another
failure under 11-11.50 and 2653 on NQ starts another pullback
06 Dec 2012 03:32 pm
this market can't close soon enough, unless 1410.50 is cleared on a pop up and
able to hold 1410, this can go out on an up note
06 Dec 2012 03:39 pm
pullback held 1410.25 in rally mode over 11.50. Have a good rest of your day and
I'll catch you tomorrow some wire around the open
Tuesday- December 04, 2012
(time stamps are EST)
04 Dec 2012 09:24 am
shorts are in profit position, wanting to lock-in profits on early weakness.
Overnight high just under 10.50, important if early move up
04 Dec 2012 09:31 am
1408 is last trapped from pre-open, needs to get above that to take some
pressure off
04 Dec 2012 09:45 am
10.50 area sold, a break under 08.50 trend support -must hold around there were
back towards 1405.50
04 Dec 2012 09:46 am
first resistance tested and being sold into. 1409-1408.50 first support, 1405.50
key support this morning
04 Dec 2012 09:55 am
ES backed off from 10.75 to 8.25, NQ made double bottom 2663. Those are
important support early. Can go for the low if broken n no reversal
04 Dec 2012 10:05 am
the ES didn't like it around 10.50, NQ at 2671. could bounce from lower levels
but should see a move for 1400 if no bounce from 1405.50
04 Dec 2012 10:06 am
1408.50-1409 area should be sold if going lower to break under 1405.50
04 Dec 2012 10:11 am
market caught good bid off of 1406, market could be turning the corner, the next
dip should be bid back up, 1408.50 looks pivotal
04 Dec 2012 10:15 am
12.50-13 area almost reached and should give some reaction , a pullback should
hold 1409.75-1409 area to keep the uptrend
04 Dec 2012 10:23 am
if this doesn't turn up quickly from 1409 with some gusto, then further retreat
towards 1407.75-1407, or break the low
04 Dec 2012 10:29 am
market was close to turning the corner and start a rally mode, but 12-13 key
resistance turned it back. in danger under that, NQ Weicker
04 Dec 2012 10:35 am
that was supposed to say "NQ weaker" pre-open and on the open 4 tests of 1405.50
gave bounces, and 1406.25 to a high,must break that
04 Dec 2012 10:40 am
Dow is up on the day, the Nasdaq 100 down 16 points, ES caught in between.
weaker NQ better for shorts, ES for any longs. 08.50 pivotal R
04 Dec 2012 10:43 am
two-sided action normal after a trend day,another pop up will be sold into. A
drop down to the 1402-1400 likely bought
04 Dec 2012 10:52 am
feeble bounce off 1405.25 which was tested 5-6 times, staying under 1407.50 each
pressure on
04 Dec 2012 11:01 am
ES base out just above 1404.50, and NQ low at the 2654.00-2652.50 support so
good spot for bounce attempt, likely fails near 1408
04 Dec 2012 11:05 am
bounces very feeble, even from important support that's been holding for roughly
30 minutes, down towards 1400 possible if broken
04 Dec 2012 11:05 am
or by simply holding under 1407
04 Dec 2012 11:14 am
ES trying to hold as the Dow testing yesterdays last hour low and opening
low.should see bounce attempt but eventually fail again
04 Dec 2012 11:25 am
bounce failed at 1405.50 which was a support pre-open and at they open while Dow
rollover also. Still can go for 1401-1402
04 Dec 2012 11:30 am
staying under 1405.50 keeps pressure on for move to 1401-1400.. A break on Dow
cash can pull lower
04 Dec 2012 11:35 am
push and pull between NQ finally firming up and the Dow cash trying to bottom
around yesterdays last hour low.Next pullback should be bought
04 Dec 2012 11:37 am
lunchtime bounce, a move back above 1405.50 will need to stick, and 2661 area on
NQ. currently Resistance for pullback
04 Dec 2012 11:41 am
1405.25 is the bounce high so far, pull back held the 1404 so far and turned up,
needs to hold 1404.25 to get one more push higher
04 Dec 2012 11:46 am
quickly bid back up holding 1404.25 on the pullback, pull that needs to bounce
from 1405.52 keep upside intact
04 Dec 2012 11:47 am
first good bounce resistance at 1408-1408.50, pull back from there needs to stay
over 1405.50-1405.00, or bounce may be over
04 Dec 2012 11:59 am
1405.75 held so far on pullback, that should hold it going to attempt push above
1408, and not roll over
04 Dec 2012 12:03 pm
this bounce is over, a short on bounces down to test the low or go to 1401-1400
04 Dec 2012 12:06 pm
1405.50 should be bounce resistance if there is one,1408 area shouldn't be
exceeded/held.could bounce from 1403, but just hunting shorts
04 Dec 2012 12:10 pm
bounce from Globex low,markets still acting poorly and the bounces are shorting
opportunities as soon as upside stalls out. ~1405.50 R
04 Dec 2012 12:15 pm
I need to be leave in five minutes, gone for about an hour. Any decent bounce is
going to be sold, market weak under 1405.50, 1408
04 Dec 2012 12:16 pm
its going to take a rally over 1408, and stick, to break down sloping 60 EMA on
5 minute chart and attempt turning intraday trends
04 Dec 2012 12:17 pm
I will be back in about an hour
04 Dec 2012 01:03 pm
bounces have been feeble, no sign of a decent rally to come, instead should be
breaking down the way this is acting
04 Dec 2012 01:09 pm
Spike down to 1401.50, just over 1401-1400 key support, was bid back up. But
bounces still being sold into. A test or lower low should be
04 Dec 2012 01:10 pm
bid right back up to avoid drop under the 1400 area. 1404 Resistance needs
cleared/held
04 Dec 2012 01:24 pm
bounce stopped at 1403.75, but some buyers on a test of the lows. A pop up
shouldn't get above 1405.50 at best to continue lower
04 Dec 2012 01:39 pm
a bounce stopped just under 1405.50 and dropped down to 1403.50. a test of 1403
needs bid right back up, its best chance to have a bounce
04 Dec 2012 01:44 pm
decent move up from 1403.50, these have all been sold into and pull right back
down. If pullback bounces from 1404 could push higher,
04 Dec 2012 01:50 pm
1404.25 held on the dip, as long as that holds this can continue higher towards
1408
04 Dec 2012 01:55 pm
the best bounce all week, can pull back from 1408 area, but not break 1405 on a
pullback to keep up trend
04 Dec 2012 01:57 pm
1408 may be a high for a bit, a pullback should hold 1405.50 at the lowest to
keep good uptrend intact and not top out
04 Dec 2012 02:03 pm
the ES touched 1408.25 and sitting here, a break back under 1405.50 can put this
back into a downtrend
04 Dec 2012 02:07 pm
buyers around 1406.25, holding that will keep the uptrend intact, if 1408
cleared and not quickly reversed, then squeeze up to 11-12 area,
04 Dec 2012 02:09 pm
but if that 1406.25 is broken then high will be in in go down towards 1403.50 or
lower
04 Dec 2012 02:25 pm
1406.25 was broken but the pullback held 1405.50, if that is broken it would
open the door to drop towards 1404-1403.50. 1408 still key R
04 Dec 2012 02:37 pm
buyers backing off again, there must be short trapped below around 1404-1403.50
and should get a bounce in that area tested, else 1402-01
04 Dec 2012 02:51 pm
the quick pop ups have been quickly sold into, no follow-through.but that's
changing this afternoon, if 1405.50 holds then 1408 possible
04 Dec 2012 02:55 pm
that failure could mean some trouble, 1405.50 break's then 1404-1403.50 could be
in the cards
04 Dec 2012 03:04 pm
drop to 1405.25 was turned right back up, would be just second time in 2 days if
it were toget momentum and run up, 1408 if it does
04 Dec 2012 03:08 pm
1408 reached and could continue to hire as long as they don't pull back under
1406.50
04 Dec 2012 03:21 pm
1408.50 Resistance rejected two times and should pullback to a little under 1407
before bouncing back. If no turn up, 1405-1404.50 key S
04 Dec 2012 03:24 pm
opposite of what had been happening, a quick drop didn't stick and was turned
right back up. Now must have follow through above 1408.50
04 Dec 2012 03:25 pm
if there's going to be a change in direction and have a short-term low in place
04 Dec 2012 03:28 pm
otherwise, looks like a failure and a break back under 1405.50 would need to
happen to keep the market in a weak position
04 Dec 2012 03:32 pm
1408.50 area rejected 3 times and should be taken out in order to end the day on
a good note , still somewhat vulnerable under that
04 Dec 2012 03:34 pm
have a good rest of your day, I will catch you shortly after the market opens,
follow nightly update early
Monday- December 03, 2012
(time stamps are EST)
03 Dec 2012 09:19 am
Good morning. I'm going to only be able to give sporadic updates until after 11
AM this morning. A gap up in 21.50-22.50 R. 22.50 will need
03 Dec 2012 09:21 am
to be cleared and held to avoid pulling back to what should be new support
around 18.50-17.50. Should hold around that to have a strong day
03 Dec 2012 09:26 am
this looks to be pressure on to the upside as long as 20 is held. Careful fading
Monday gaps, could be "gap and go" early on
03 Dec 2012 09:29 am
watch 22.50, if a pop up there and reverse, that could start a pullback.
Otherwise would need a break of 20
03 Dec 2012 09:34 am
22.50 was sold down, a move under 20.50-20.00 would to put some pressure on.
03 Dec 2012 09:37 am
the NQ needs to pull back from 2698-2699 area to get the ES to turn down. It
stalled after rejecting 22.50
03 Dec 2012 09:41 am
top of resistance sold two times, breaking through 20.50-20.00, they head
towards 18.50-17.50 before bounce attempt
03 Dec 2012 09:47 am
can bounce from 18.50-17.50, but for nowpressure stays on unless 21.25 area
exceeded/then only small dip
03 Dec 2012 09:51 am
22.50 sewing to be a top, and this a fake out breakout if 18.50-17.50 broken and
not able to turn back up with some gusto.
03 Dec 2012 09:54 am
18.50-17.50 based by to cover part of any shorts, saying under 20 keeps pressure
on for now. 2695 NQ
03 Dec 2012 09:59 am
Econ data top of the hour, holding 18.50 but Needs to get over 20 and stick on
the news
03 Dec 2012 10:01 am
18.50-19.50 area strong support that needs cleared/held, top is in for a bit
other wise. A break of 14 they go to that 11-10 area again
03 Dec 2012 10:08 am
there was a double bottom around 14 on Globex, another test makes triple bottom.
18-19 shouldn't be exceeded if going lower
03 Dec 2012 10:15 am
14 key support with triple bottom there, 18.50-19.00 shouldn't be exceeded/held
if going to have another pullback.
03 Dec 2012 10:24 am
18.50-19.00 area being tested, should be pushed above soon if its going to.
17.25-16.75 pivotal support on pullback
03 Dec 2012 10:29 am
bounce from triple bottom that 14.75-14 area up to 18.75 that middle of
18.50-19.00 resistance. Still vulnerable under 19 for now
03 Dec 2012 10:35 am
even if a bounce from 14, it should fail as we have highs at two resistance
areas so far this morning
03 Dec 2012 10:38 am
this is the fourth test of 14.75-14.25, should be at least test 12.50. A bounce
will fail around 17 at the highest to break down through 14
03 Dec 2012 10:48 am
just a tepid bounce to 16.25 stalled and should go to test 12.50 if 14.50-14.00
broken on the fifth test of that area. 16.50-17 R IF pop-up
03 Dec 2012 10:51 am
the 14.75-14.25 area has been chipped away at on last 2 tests, but no upside
follow through, should break to 12.50 unless a move above 16.50
03 Dec 2012 10:54 am
12.50 is a minor area than the 11-10 area from all day Friday, that area should
be tested
03 Dec 2012 10:58 am
12.50 low so far, 14.25-14.75 area Resistance on this bounce,and fail there if
going to continue lower. Its a gap day turning trend day
03 Dec 2012 11:16 am
stalled out at 12.75-12.25 for about 10 minutes, so far back to 14.25. trend
resistance 14.50-14.75 area, needs cleared or still trend dn
03 Dec 2012 11:25 am
14.50 rejected,still trend down. One more break down toward 11-10 and that is
major area today
03 Dec 2012 11:27 am
could get some short covering off of 12.50, but staying under 14.50 keeps
downtrend day in gear.
03 Dec 2012 11:37 am
next pullback should be bought, if 13.50 holds on a dip and moves up quickly
than 16-16.50 area possible before dropping again, 16.50 pivotal
03 Dec 2012 11:42 am
13.50 pop up failed so far, the Dow cash tested its last hour low from Friday
just under 12,900. 1412 and 12,900 on the Dow cash key support
03 Dec 2012 11:52 am
16.50 is the resistance on this bounce, need a push about that and not come
right back down. 14.50-14.00 shouldn't be broken
03 Dec 2012 12:08 pm
the ES backed off from 16.25 down to 15.00, it's still under pressure for
pullback under 16.50, especially breaking 15-14.50
03 Dec 2012 12:15 pm
10.75 pt range w/ a high just above 1422.25 R to just under the new S at 12.50
after 2 hours into trading. counter-trend bounce stalling
03 Dec 2012 12:17 pm
and just now broke. Back towards 13.50 lower on this move
03 Dec 2012 12:26 pm
13.50 likely not tested , 15 to keep this new uptrend,
03 Dec 2012 12:35 pm
there has been a pretty good bid on pullbacks, but this stall out under 16.50
needs to be pushed above soon, NQ perk up also, else dn to 14
03 Dec 2012 12:39 pm
should roll over, take out 15 and head towards 14-13.53 soon if there's another
pullback coming and this is just midday counter trend move
03 Dec 2012 12:42 pm
NQ can push this lower, or at least leave the way, it's beginning to turn weak
and is only average still up on the day
03 Dec 2012 12:48 pm
14.00-13.50 area reached, this bounce should fail under 16 on the ES and 2685 on
the NQ
03 Dec 2012 12:57 pm
the pop off of 13.50 sold into in fairly then action, that's characteristic
today, selling bounces as they are not able to stick
03 Dec 2012 01:01 pm
11-10 likely to get a test, could be seeing the 1407.50-1407 area if this action
continues, this bounce should fail also
03 Dec 2012 01:04 pm
12.00 Fridays 4 PM low, double bottom there earlier today, and this is the
fourth test, like at 14 earlier should break
03 Dec 2012 01:06 pm
broken, 11-10 area is the key support, and breaking that puts a dent in the
bigger picture trend. Market action has been poor, that area key
03 Dec 2012 01:10 pm
a gap day it is often times a trend day, its been trending down with 1
interruption so far. 10.50-09.75 a target/support, then 07.50
03 Dec 2012 01:25 pm
this should break down soon as long as it stays under 13
03 Dec 2012 01:28 pm
unlike on the way up to the high today, bounces don't have any gusto. A bounces
are feeble and stall then go lower. No powerful run-up. also
03 Dec 2012 01:30 pm
there was a failed breakout above the 17.75-18.50 resistance. A rally back to
that level would take a change of character, low odds today
03 Dec 2012 01:35 pm
10.50-09.75 will need strong reversal back over 11.50 at the least to dent
downside 1407.50 next if no reversal. Slow grind lower,
03 Dec 2012 01:40 pm
resistance around 10.75-11.50 area, that should be sold if going down to 1407.50
area may be lower
03 Dec 2012 01:54 pm
low at 1408.75,and a feeble rebound back to 10.50, old support area so far.
10.50-11.50 needs clear/hold to attempt turnaround, trend down
03 Dec 2012 01:58 pm
day continues unless that area taken out, hold as support on a pullback, and run
up above 13 with some momentum, not inch higher slowly
03 Dec 2012 02:14 pm
the bounce into noon was 4.25 pts, symmetry would be 1413.00, also last trap
buyers before break to low. Should it be exceeded to continue
03 Dec 2012 02:16 pm
that area needs to be exceeded, not rejected on this bounce, to change things.
Still trend day down otherwise
03 Dec 2012 02:17 pm
a break back under 10.50 would put pressure on. Back after 10 minute break
03 Dec 2012 02:31 pm
another pop up to 12.50-13.00 would be a good short, pressure stays on unless
that taken out, 2680-2681 on the NQ.
03 Dec 2012 02:37 pm
short covering when unable to break under 10.25 on last moved down, at 2676 on
NQ. didn't bring in buying. Still sellers just above
03 Dec 2012 02:42 pm
double bottom possible at 1408.75, but need a push over 10.50-11.00 to take some
pressure off work could go right back down
03 Dec 2012 02:59 pm
attempt to double bottom, another feeble bounce from the low. Needs to get back
above 12 to attempt giving out of trouble.
03 Dec 2012 03:00 pm
news from Washington sparking rally,
03 Dec 2012 03:02 pm
pullback from 13, that's a key area to get above/hold. 10 area must hold on
pullback reversal of pop up a negative
03 Dec 2012 03:08 pm
euphoria over after just a 3 point Pop 13, pullback to 10 area gave bounce but
not going to stick most likely. Today's low at 4 PM
03 Dec 2012 03:10 pm
one comment about a gap day being a trend day, often times the low will be made
around the same number of minutes before its close
03 Dec 2012 03:10 pm
As the high was made after its open. Todays high was made in the first 5
minutes, its possible for low and lasted 5 minutes.
03 Dec 2012 03:10 pm
No guarantees. But possible if double bottom broken and also no good bounce from
1407 area
03 Dec 2012 03:27 pm
1407.50-1406.75+ barely broken and turn it right back up, could be a low but not
if another failure around 1409.50, 1410.75 at the highest
03 Dec 2012 03:28 pm
staying under 1409.50 keeps pressure on to break that low on the ES. Two bounces
today both 4.25 points before dropping again
03 Dec 2012 03:31 pm
it has been trend down to just under 1407.50-1406.75 so far today. Wouldn't
trust long side,could selloff into the close
03 Dec 2012 03:32 pm
if no push back above 1409.50,or especially 10.75. Hope you had a good day. I
will see you tomorrow shortly after the open
Thursday November 29, 2012
(time stamps are EST)
29 Nov 2012 09:21 am
I sure was wrong on not going much higher, the 16-17 area was tested and sold up
there. That's as far as this move should go
29 Nov 2012 09:26 am
the next resistance would be roughly 1421-22 area. The 12.25-11.25 area was
resistance, needs to hold as support. 14O8.75 to fill the gap
29 Nov 2012 09:29 am
should see buyers back it up here and wait for a pullback to buy into. Only ones
on the hook r those who are short
29 Nov 2012 09:33 am
there won't be any break down/topping pattern unless 12.25-11.25 doesn't hold on
a pullback from up here. 16-17 can be tested again
29 Nov 2012 09:38 am
nailed Resistance and turn down, 15-14.50 area needs to hold on a pullback to
stay strong and have a chance to bounce back up
29 Nov 2012 09:43 am
so far 1414.75 pullback low, so still strong,now need to pushed through
resistance. A break of 14.50 would likely mean early high in
29 Nov 2012 09:46 am
buyers should back off again, but need to defend 16-15.50 more top could be in
for a bit
29 Nov 2012 09:48 am
that's it for the upside for now, any bounce from here will be sold into, test
of 12.25-11.25 will need to hold
29 Nov 2012 09:54 am
another pop from 14.50 news support, should not clear 17-17.50 and stick
29 Nov 2012 09:58 am
14.50 has been holding, so for now the trend stays up unless broken, just expect
selling to come as soon as upside stalls out,
29 Nov 2012 10:01 am
pending home sales number was a good one, 16.75 area should hold to keep uptrend
intact now,
29 Nov 2012 10:04 am
16.75 a pullback low, should see bids thin out at a new high and pull back, then
buying come in on small pullback to keep upside
29 Nov 2012 10:05 am
the next bounce will be sold into, must hold 16 or it's gone too far and turning
vulnerable
29 Nov 2012 10:07 am
that should be it for the upside, even if there is a bounce it's not going to
stick. sizable pullback possible
29 Nov 2012 10:11 am
12.25-11.25 likely not going to hold either, resistance around 15.25-16 area at
the highest, 1408.75 downside
29 Nov 2012 10:22 am
14.50 earlier support being tested as Resistance, 13.00 was the opening low and
needs to hold to avoid test of 08.75 area
29 Nov 2012 10:25 am
13 holding so they push over 14.50 that can stick could give a run to 16.75, but
probably no higher
29 Nov 2012 10:31 am
the ES made it up to 15.75, promptly sold off. Bounces should have trouble
holding, pullbacks bought at 13 but upside limited, short side
29 Nov 2012 10:33 am
better odds on the pop-ups, a breakdown towards 1408.75 area likely the way this
pattern is shaping up
29 Nov 2012 10:42 am
based at 1412.25 but needs a push above 1414.50, not a reversal back down from
there, or market still vulnerable
29 Nov 2012 10:51 am
bounce took out 14.50, could try for 16.75 area on this push higher, but buyers
should back off for a modest pullback
29 Nov 2012 10:56 am
15.75 the bounce high so far, still okay to have 14.50 can hold it here at the
moment for potentially one more push higher
29 Nov 2012 10:57 am
if broken then 12.75 area should be important support
29 Nov 2012 10:58 am
20 EMA on 5 min chart mostly held on all pullbacks since early afternoon
yesterday, it was tested at 12.50. Thats also 13,000 on Dow cash.
29 Nov 2012 10:58 am
A break under those areas would break the up trend and start a deeper pullback.
Upside limited but safe above those areas at the moment
29 Nov 2012 11:04 am
14.50 is holding and that is a pivotal level, this continues to inch higher as
long as that' s not broken. 16.75 a minor R could be sold
29 Nov 2012 11:20 am
16.75 was sold down to 15.25 so far, that should be strong area.needs to hold
14.50 or will be breaking a cluster of support at that area
29 Nov 2012 11:24 am
I need to be away for about 15 minutes, a top of some sort made at the 16.75
level given, need break/hold under 14.50 to put pressure on
29 Nov 2012 11:42 am
more fiscal cliff talk from Capitol Hill causing a sharp drop, that gap filled,
but from here any bounce will be sold into
29 Nov 2012 11:49 am
A test of the low will likely be bought,if not then down to 1404.75 area. Should
be Resistance around 1411 that needs broken to avoid drop
29 Nov 2012 11:52 am
there was a quick spike down to 1408, and then real fast turn up. Must be shorts
trapped down there, should be strong support
29 Nov 2012 11:58 am
pullback off of 12.50 on the ES but the NQ needs to roll over also to get more
pressure on to potentially test the lows
29 Nov 2012 12:00 pm
2672 on the NQ and 1409 on the ES will need to be broken/held to put some
pressure back on
29 Nov 2012 12:02 pm
those should be the key supports to get another push higher.next update will be
in about 15 minutes, apologies.
29 Nov 2012 12:12 pm
pullback to 1408.75 that turned right back up, it must be short strap below
holding this up. Another push higher 14.50 area R
29 Nov 2012 12:15 pm
the pop-up reach 14.75, rejection, 1412.00-1411.25 area support on a pullback,
that area needs held to avoid potential breakdown.
29 Nov 2012 12:25 pm
1412was held above, this can test 15.50-16 but probably not much further before
some pullback. could start from 14.50 here
29 Nov 2012 12:40 pm
pullbacks held at 13.25, staying above important area around 12.50 for now. If
going to push higher, need to stay over 13 clear, 14.50 again
29 Nov 2012 12:41 pm
if 12.50 area isn't held, then down to 11.25-10.50 area can occur before a
bounce
29 Nov 2012 12:42 pm
15 minute lunch break, looks like12.50 could get a test, NQ bears watching 2676
needs held for breaking
29 Nov 2012 01:03 pm
pullback to 12.50 was held again, if a pullback in hold 13.50-13.25, then a push
above 14.50 resistance is possible.
29 Nov 2012 01:06 pm
13.25 was a bid to right back up and 14.50 test it again. Lunchtime range
between 12.50 and 14.50, need a breakout with some momentum
29 Nov 2012 01:24 pm
there is still a good bid on the pullbacks to the 1411.25-1412.25 previous R
area, market comfortable holding that area,only a break/hold
29 Nov 2012 01:26 pm
under that area will put a dent in the upside. Its bullish above that area for a
move back up towards that 16.75 level that was sold earlier
29 Nov 2012 01:28 pm
the 1411.25-1412.25 area who was resistance coming in, acting as good support
most of the day since cleared. A break needed to turn this
29 Nov 2012 01:29 pm
back down. Otherwise can run up to test 16.75 resistance that was sold earlier.
A pullback could occur up there
29 Nov 2012 01:33 pm
a pullback to 14.50-14.00 should hold now if this is going to continue pushing
higher.
29 Nov 2012 01:47 pm
run up fell just shy of the 16.75 resistance, but uptrend only breaks if
15.00-14.50 area isnt held on small pullback. If thats taken out
29 Nov 2012 01:48 pm
as long as that 15-14.50 is held, this could go back to test the high. There is
a chance of getting to 19.75
29 Nov 2012 01:54 pm
16.75 reached so far, it's still going to push higher as long as 16-15.50 up
here.
29 Nov 2012 02:00 pm
that maybe it for this move before some pullback if 16.00-15.50 area broken and
not quickly turned back up.that would break trend
29 Nov 2012 02:07 pm
15.50 held on the pullback so far, that needs held to get another push higher
and avoid potential rolling over
29 Nov 2012 02:20 pm
theres a double top of sorts at 17.25-17.50, as the spike up to 18.50 was only
there for a millisecond. Needs push through, or vulnerable
29 Nov 2012 02:28 pm
14.50 area support,that would need broken on this. If so then dn to 12.50-12.00
if it begins to drop. If that's not held 10.50 possible
29 Nov 2012 02:35 pm
pullback held at 15.00, so no breakdown by holding 14.50. buyers still in charge
unless broken.
29 Nov 2012 02:37 pm
if broken, then a quick move should hold around 12.50 if going to snap back.
10.50 area if that's not held
29 Nov 2012 02:47 pm
there is a good cluster of resistance at 1417-18, that was rejected today. Would
say that's a high, but market has been bullish acting
29 Nov 2012 02:48 pm
the ES has been holding the 1415 level for more than 30 minutes, and lately
these have led to rallies. So no breakdown unless broken
29 Nov 2012 02:53 pm
took off as soon as that was sent. 17 was rejected again, market has been
holding support but another pop to 17-18 likely sold,
29 Nov 2012 03:01 pm
if no bounce off of 15, then rolling over. Right now pressure on under 16.25
29 Nov 2012 03:07 pm
17-18 sold four times today, a late day drop toward 12 area or lower, would need
to bounce from that spot
29 Nov 2012 03:18 pm
1412.50-1412.00 just missed so far, could bounce from there but should stop
around 15.50 at the highest if there is more pullback to come.
29 Nov 2012 03:19 pm
if 12.50-12 area not held, then a drop towards 10.50 should be in the cards
before potential bounce attempt
29 Nov 2012 03:27 pm
didn't quite get down to 10.50, but downtrend will stay intact as long as the
bounce fails around 13.50, shouldn't go much further
29 Nov 2012 03:40 pm
13.50 was taken out by a couple of ticks, more coming from Capitol Hill not long
from now. upside limited to 17-18, else 19.75 then 21-22
29 Nov 2012 03:41 pm
downside probably limited to 1408.75-1407.00 zone if there's a break lower
29 Nov 2012 03:44 pm
17 area tested four times today and rejected, not traded over for more than a
few seconds, and the 18 area also cluster of resistance. That
29 Nov 2012 03:47 pm
needs to be pushed above and not turn right back down. 14.50-14.00 area pullback
support to hold to in the day on a firm note
29 Nov 2012 03:48 pm
have a good rest of the day. I will catch you tomorrow shortly after the open
unless things in the nightly update have changed
Wednesday November 28, 2012
(time stamps are EST)
28 Nov 2012 09:42 am
first bounce should be sold, pressure stays on under 92-93
28 Nov 2012 09:47 am
should go for 87.25-86.50 area, or get footing here and take out 90 area, that's
needed to take some pressure off
28 Nov 2012 09:51 am
87.25 low at support so far, but trend resistance at 89-89.50, will stay under
pressure unless that's taken out.
28 Nov 2012 09:55 am
bounce starting from 1387.25-1386.50 support, but still under pressure unless
89-89.50 is pushed through/held
28 Nov 2012 09:59 am
new home sales number top of the hour, could have a low in at support if 89
pushed through, but if S broken could go towards 83-82
28 Nov 2012 10:03 am
89 is now key resistance on a bounce attempt, can drop to 83-82 or lower,
28 Nov 2012 10:04 am
83.25 reached so far,but still not out of trouble, 86.75 area should be bounced
resistance now,
28 Nov 2012 10:09 am
not much buying interest. 86.50-87.25 area resistance if there is a bounce , if
not then 81.50 is the next. then 78.50-77.50.
28 Nov 2012 10:15 am
they were sold down to 83-82 per earlier update, that can be a low for a bit if
86.50-87.25 not rejected. That's first resistance
28 Nov 2012 10:22 am
bounce to 86.75 so far, at bounce resistance, should punch through it holds over
85.50, that needs to hold or they head back down
28 Nov 2012 10:26 am
the breakout above 86.75 triggered some short covering/buying. 92 area
Resistance,pullback should hold 89-88.50 push higher
28 Nov 2012 10:34 am
88.75 support gave a bounce, needs to get above 91-92 or still vulnerable.95-96
if exceeded. If 88.75 is broken, back down towards 87
28 Nov 2012 10:38 am
this can get to the 95.50-96.50 area on this move and if they stall out there we
should get some pullback but buyers in control over 91
28 Nov 2012 10:43 am
the gap on the daily chart just got filled, the 60 EMA at 96.50. Pullback from
here should hold 92.50.area To keep up trend.
28 Nov 2012 10:53 am
86.50 will probably be a high for a while, pullback needs to bounce from
92.50-91.75 area if there's going to be another bounce
28 Nov 2012 11:04 am
moved out of gas, 93 key S needs bid right back up. If broken they can go back
towards 91-90.50, possibly to 88.75
28 Nov 2012 11:12 am
I have a quick appointment in a few minutes. but here at my office, will be away
for about 30 minutes. Will update as soon as I return.
28 Nov 2012 11:43 am
the ES made it back to99.50, and that is still a key area. It's a short if they
pop up and stall around 98-99
28 Nov 2012 11:50 am
Key levels to hold are at 95.50 on the ES and 2638 on the NQ. Both should be
pivotal, if broken the trends would turn and go for 93 or 90.50
28 Nov 2012 11:53 am
sideways action has led to quick pushes higher, so a break down from sideways
action would change character. Liking short side, tight stops
28 Nov 2012 11:55 am
95.50 and 2638 on the NQ need to be broken and not turn right back up to get any
down side momentum. Especially the NQ
28 Nov 2012 11:59 am
the way this is acting, 98 area should act as barrier or breakout level, same
with 2644 on NQ.another pullback to 95.50 and 2638 should hold
28 Nov 2012 12:03 pm
break to the downside a short, should stay under 97 and 2642, 93 and then 90.50
supports/targets
28 Nov 2012 12:07 pm
92.75 reached so far, a bounce back to 95.50-96 area should be sold if going
lower
28 Nov 2012 12:12 pm
95.25 was sold down to 93.50, quickly bid back up. 95.50-36 still resistance and
shouldn't be cleared if going lower, 2638 on the NQ pivotal
28 Nov 2012 12:16 pm
resistance was blown right through, but 98 R sold. 95.75-95.50 S. we still have
the beige book release at 2 PM, so more volatility to come.
28 Nov 2012 12:19 pm
96 pullback low. the market has been bought on all of the pullbacks so use
another pullback to get long. 1402 area next, 98 good S now
28 Nov 2012 12:26 pm
a bounce off of 99 and right at a resistance, should see pullback of some sort
off of 1402
28 Nov 2012 12:26 pm
1401.75-1402.50 was strong resistance after coming off 1407 yesterday. That
needs push through/held for this can come back towards 98-97
28 Nov 2012 12:38 pm
dynamic support on the way up use one minute chart 9 and 18 EMA. Should pullback
from those breakdown area from yesterday, but hold 1401.25
28 Nov 2012 12:41 pm
at the lowest.1402.50-1401.75 needs to act as support also, it aligns with
uptrend support on 1 minute chart
28 Nov 2012 12:43 pm
if no bounce off of that support than a bounce that follows should be sold into.
Upside of bit extended,pullback likely even if small one
28 Nov 2012 12:47 pm
1402.50 held on a small dip so far, if broken then a pullback towards
1400-1399.50 in the cards before a bounce. Getting toppy, pullback
28 Nov 2012 12:58 pm
1401.75 support still able to hold the market up, the next key area would be the
1407 zone and after a rally this for, getting through that
28 Nov 2012 01:00 pm
it is possible, but will need to avoid another rejection or that could start a
decent pullback. Hard to believe they get there easily.
28 Nov 2012 01:02 pm
tests of the highest rejected, so 1401.75 needs held or quickly reversed if
broken. Otherwise deeper pullback in gear
28 Nov 2012 01:05 pm
1402.50 should be sold or held under to go for 99.50, and possibly lower
28 Nov 2012 01:18 pm
Hmm, 99.50 was held only tiny bounce and staying under 1402.50. Market acting a
bit timid, needs push above 1402 at least
28 Nov 2012 01:27 pm
1400 bid backup, but only a small and sold into. not much more upside from here.
Unless beige book sparks something
28 Nov 2012 01:33 pm
1402.50 was slightly exceeded, and sold back down. Should bounce from 1401.50 if
going back up to test/break a high. Stays bullish over 1400
28 Nov 2012 01:42 pm
1401.75 held on a pullback, the run up to test 1405 showed rejection, pullback
needs to bounce from 1402.50 area to continue uptrend
28 Nov 2012 01:43 pm
it's been trend up basically with the exception of one decent pullback.still
have beige book in 20 minutes. pullback should hold 1403
28 Nov 2012 01:56 pm
1402.75 gave a bounce, but unable to stick. 1405 is probably a high for a while
and go down to tests 1401.15 area, possibly 1400
28 Nov 2012 02:02 pm
strength up here being sold, all pull backs have been bid back up so this needs
to turn up from 1402-1401.50 quickly to avoid topping
28 Nov 2012 02:05 pm
this pattern normally results with a decent sized pullback. But no way the
market is acting, a sharp plunge not likely, a bounce off of 1400
28 Nov 2012 02:06 pm
can occur but look for selling into any bounce from here,
28 Nov 2012 02:18 pm
really choppy and in a fairly narrow range, up here suited for scalping. need to
bounce from 1400, but Another pop likely sold into
28 Nov 2012 02:25 pm
this might be the start of a decent pullback especially if no bounce from 1400,
2645 on NQ. Resistance 1402.50-1403, 2654 on NQ
28 Nov 2012 02:30 pm
a choppy drift down to 1400.50, needs to catch a bid and move up from there,
otherwise a break/old should mean going under 99.50-99
28 Nov 2012 02:34 pm
almost on cue, ES pops up from 1400.75 which has been a low for more than 10
minutes. Market stays out of trouble unless broken/held
28 Nov 2012 02:40 pm
1403.75 was sold several times before pulling back, should be important area to
push through if going back to 1405
28 Nov 2012 02:46 pm
got one tick above and backed away, a pullback should hold 1402.50 to keep up
trend. else 1400.50 possible
28 Nov 2012 02:52 pm
thats the third time 04.25-04.75 area rejected, the market has acted well all
day and will need to hold 1402-1401.50 or could break lower
28 Nov 2012 03:02 pm
1402 was held for a few minutes and bid back up. That should be an important
area if another pullback from 1404 area. If 04.50-05 cleared
28 Nov 2012 03:05 pm
and not turn right back down, could be a test of 1407 but that area would
probably not cleared and held.
28 Nov 2012 03:15 pm
selling on the test of 1404.75 high, to keep this going higher a pullback
shouldn't go any further than 1402.25 or symmetry broken
28 Nov 2012 03:23 pm
drop to 1403.00 turn right back up. Having lots of trouble getting through
1404.75, but has a good shot as long as 1403 not broken.
28 Nov 2012 03:28 pm
this is still an entry in the mode, but would expect some reaction at the 1407
area. If that is pushed through instead,1411-12 tomorrow
28 Nov 2012 03:31 pm
1407 tested,watch 1405-1404.50 area for support on a pullback, should hold there
to keep this good uptrend intact
28 Nov 2012 03:33 pm
1407.25-1408.00 area reached and a small reaction so far, no damage done as long
as 1406 is held
28 Nov 2012 03:43 pm
reaction off of key resistance giving pullback to 1406.25, holding 1406 keeps an
uptrend. If broken things in a change and go back to 1404
28 Nov 2012 03:45 pm
have a great rest of the day. I will catch you tomorrow shortly after they open.
Or before if something from nightly update changes
28 Nov 2012 04:06 pm
this will be sold in the morning, especially if there would be a move up to the
1410-1412 zone. Look for that overnight, next decent move
28 Nov 2012 04:07 pm
should be to the downside. a drop back to 1400 area would be the key support.
Anything more than that, 93 area could be in the picture again
28 Nov 2012 04:09 pm
on the other side of the coin, if selloff overnight to 1401-1400 area or a bit
above, that would be a buying opportunity with tight stop.
Tuesday November 27, 2012
(time stamps are EST)
27 Nov 2012 09:18 am
the ES topped at the 1407.25-1408.00zone last night several times, and appears
will test 1400-1399 area again. upside very limited unless
27 Nov 2012 09:21 am
Bernanke spouts something that the market takes as very bullish,or a consumer
confidence number thats really good.
27 Nov 2012 09:26 am
so they need to have a good rally just to get back to that 07.25-08.00
resistance zone, and 1405 last bounce high before going to 1401
27 Nov 2012 09:28 am
I will update after stocks have been open for about 15 minutes or so.
27 Nov 2012 09:36 am
1402.50 initial support turned resistance, 1402.50 needs cleared/held to get
bounce attempt in gear
27 Nov 2012 09:42 am
must bounce from 1401.50 at lowest it appears or sell off before top of the hour
Econ data
27 Nov 2012 09:50 am
headed to a 7.25-08 .00 area,pullback will need to get bid right back up at
03.00-02.50 at the lowest
27 Nov 2012 09:53 am
04.75-04.25 needs held to get another push higher to 1407-1408
27 Nov 2012 09:54 am
otherwise these could be the early highs and pullback to 1401-1400 area again,
key now
27 Nov 2012 10:02 am
good number but but no strong bullish reaction, a short
27 Nov 2012 10:06 am
NQ the weaker index, 1401.75-1401 support on the ES
27 Nov 2012 10:06 am
1404.75 Resistance on a bounce
27 Nov 2012 10:11 am
there could be a decent bounce from lower levels but this is a double top as
long as 1407.25-1408 not cleared/held
27 Nov 2012 10:22 am
can bounce from 99.50-99.00 support, but 1402-1402.50 resistance on a bounce
again should be sold into
27 Nov 2012 10:23 am
a short from earlier be sure to cover part around 99.50-99.00, trail a stop on
remainder
27 Nov 2012 10:26 am
trend down resistance at 1401area. Bounces just retracements in a new downtrend
for now
27 Nov 2012 10:37 am
bounce from just above 97.50, that was pivotal yesterday. If that's broken/held,
pressure would really be on. But should get bid up before
27 Nov 2012 10:39 am
another pullback to test or break 97.50 area. the NQ led this down, keep an eye
on that its moving better than ES
27 Nov 2012 11:01 am
the bounce reached 1401, the early lower area, and backed away. Needs to
break/hold over that. 99.50 support, pressure on if broken
27 Nov 2012 11:04 am
should stay under 1402-1402.50 is heading back down again
27 Nov 2012 11:21 am
1402 was touched but not much of a reaction, this could creep higher as long as
1401 not broken.if broken 99.50 would need to hold
27 Nov 2012 11:23 am
this should be a short against 1402.50 and 2648 on the NQ, need a push above
those are grind higher stops and decent pullback
27 Nov 2012 11:26 am
decent pullback possible to 1401 is broken. NQ tiny double top at 2648, 1402.50
is prior support and 50% retrace from high to low
27 Nov 2012 11:29 am
NOTE: I will be away today from around 12:20 PM until 1:10 PM. Apologies ahead
of time. To avoid breaking down, 1401 needs held.
27 Nov 2012 11:36 am
an attempt to get a push above 02.50 was sold to 1401.00, must hold that level
to avoid another push down.
27 Nov 2012 11:41 am
back up to 1405 area, should pull back, 1403.25-1402.75 shouldn't be broken if
going higher
27 Nov 2012 11:53 am
small dip held 1404, can continue higher as long as that's held possibly
1407.25-1408
27 Nov 2012 12:01 pm
ES made a token higher high, could go before 1407.25-1408 on this push as long
as 1405.50 area is held
27 Nov 2012 12:03 pm
should see some pullback from 1407-1408 but 1405.50 is trend up support and that
area needs held on a pullback or the uptrend will reverse
27 Nov 2012 12:09 pm
pullback from 1407.00 to 1405.50 so far. next bounce will be sold if there is a
move under 1405.50-1405.00,
27 Nov 2012 12:13 pm
that should be a top and pull back that breaks 1404 could pick up steam back
toward 1402.50
27 Nov 2012 12:15 pm
I will be away for about 50 minutes or thereabouts. If something changes I'll
let you know ASAP
27 Nov 2012 01:04 pm
bounces are failing, even the stronger NQ was turned away at a resistance area.
1406 and 2658.50 shouldn't be exceeded/held
27 Nov 2012 01:21 pm
pullback needs to bounce from 1404 at the lowest if there's going to be another
test of 1405.50-1406
27 Nov 2012 01:22 pm
for now I rather trade the short side at/under 1405.50-1406. A scalper's market
unless 1402.50 broken and not turned right back up
27 Nov 2012 01:30 pm
02.50 barely broken, turning up. Couldn't get to 1404-1404.50 but no further if
heading lower
27 Nov 2012 01:42 pm
last update should have said "could get up to 1404-1404.50" - apologies for that
typo. But that was tested, and easily back to 1402.50
27 Nov 2012 01:43 pm
and this stays under pressure unless 1404.58 seeded/held on a pullback. That
could give retest of 1407, doesn't appear likely
27 Nov 2012 01:50 pm
I may be proved wrong on that. double bottom at 02.50,a push above 1404.59
quickly turned it down could give a push back to 1405.50-1406.
27 Nov 2012 01:52 pm
1404.50 is key resistance here and 1402.50 is key support in here. A break/hold
up either side should give a couple more points that way
27 Nov 2012 02:11 pm
a dip to 1402.00,and a pop to 1404.00. 5 swings of 2 points while going sideways
since 1:26 PM. just a scalper market until break of range
27 Nov 2012 02:18 pm
pushed above 1404.50, could get to 1405.50-1406 but not stick. A move under 1404
needs to be turned to right back up or bounce high in
27 Nov 2012 02:23 pm
that sent a message, could bounce from 1401-1400 but it will fail the short
under 1404-1405 area
27 Nov 2012 02:28 pm
this bounce should fail under 1402.50, and push towards the early low or lower
before any sort of bounce back. One won't stick
27 Nov 2012 02:31 pm
this shouldn't turn around and rally back so easily today. Sellers are waiting
above to get out before this gets worse. Use strength to sell
27 Nov 2012 02:34 pm
holding under 1400 is a negative and keeps pressure on for a move down to 95 or
lower
27 Nov 2012 02:38 pm
Tokyo lower low was bought, couldn't stop the bleeding for a bit and get a move
to test 1400-1401. Shouldn't go much further or low maybe in
27 Nov 2012 02:48 pm
last update was supposed to say "token lower low..." sorry, voice software
making too many errors. Anyhow bounce stopped at 99.75 and
27 Nov 2012 02:50 pm
staying under 1400-1401 keeps the pressure on to go to 95 before bounce attempt.
Although 80 3 PM low is possible
27 Nov 2012 02:53 pm
most likely shorts covering off of 96, look for a bounce on a retest of 96-95
area.. A move above 1400-1401 to take pressure off a bit
27 Nov 2012 03:00 pm
1400-1401 need to be cleared/held to avoid one more push lower, although they
didn't stay under 97 very long
27 Nov 2012 03:00 pm
break under 1399 to trigger any selling
27 Nov 2012 03:03 pm
1401 stopped the bounce so far, they break under 99 should give more push to the
downside from here
27 Nov 2012 03:14 pm
pullback from 1401.25 turned up from 98.75, that 1402.25 area should be pivotal
in the last 40 minutes as resistance/support if it exceeded
27 Nov 2012 03:16 pm
buyers have come in on every decent pullback lately, and turned up pretty well
from 96. Unlike rest of the week, this one heavy under 1402
27 Nov 2012 03:20 pm
1402.25 was a high just after 11 AM pre-breakout to 1407, then a pullback low
around 1:25 PM and 2 PM. Bounce high at 3:10 PM. pivotal R
27 Nov 2012 03:24 pm
need to a few minutes early today. This market appears to be safe from further
decline as long as 99 holes
27 Nov 2012 03:25 pm
at least keeps the door open for a test of 1402-1402.50.
27 Nov 2012 03:25 pm
there could be selling comment at that area. Have a good rest of your day. I
will catch you in the morning
Monday November 26, 2012
(time stamps are EST)
26 Nov 2012 09:28 am
1397.50-1396.75 pivotal support held on Goblex, key on further dropped from
here. First decent bounce will be sold for last night's update
26 Nov 2012 09:30 am
should have a top in place short-term and begin decent selloff from Friday highs
26 Nov 2012 09:42 am
97.50-96.25 was touched and turned up, a move above 1401 needed to get to take
some pressure off, 02.25-02.75 area would be pivotal if seen
26 Nov 2012 09:47 am
pullback should hold 99.50 and quickly push higher if going to get through 1401
and try for 02.25-02.75
26 Nov 2012 09:50 am
1401 rejected so far, 99.50 need to quick bounce back up through 1401, or they
can breaks small uptrend off low and retest 97.50-96.75
26 Nov 2012 10:01 am
1401 rejected 3 times. pullback then to 99.50 bid right back up. A bit more
upside should be sold into. 99.50 key support now, must hold
26 Nov 2012 10:09 am
strength sold at 1402.00, just under some resistance at 02.25-02.75.trends
support 1400, must hold or next pop easily sold into
26 Nov 2012 10:16 am
trying to hold 99.50 but market is under pressure unless they can push back
above 1401 and also 2637 area a on NQ
26 Nov 2012 10:24 am
1401 cleared by just 1 tick and turned back down. this ledge type pattern
Barrish and less hold over 1401, 2636 on NQ
26 Nov 2012 10:34 am
narrow range, touch and go to the upside from 97.50 support but good selling at
1402.00. On downside 99 needs broken/held. 1401 on upside
26 Nov 2012 10:43 am
00.75 was sold, and after depth to 1400, 1401.00 tested and sold. Bottom side
will break if no push over 1401 soon, 2636 on NQ
26 Nov 2012 10:51 am
tug-of-war between the blue chips/Dow and the Nasdaq at the moment. Dow finally
rolling over with 12,950 resistance.NQ strengthening.
26 Nov 2012 10:54 am
should even out pretty soon. A break under 12,930 on the Dow cash can get
downside going. At the moment a short under 1401
26 Nov 2012 10:58 am
97.50-96.75 can be seen on this and possibly lower,as long as they hold under
99.50-1400
26 Nov 2012 11:08 am
97.50-98.50 zones shouldn't be broken on a bounce, and instead be new resistance
area, for downside to keep control.93 area next key support
26 Nov 2012 11:17 am
97.50 was sold on the initial bounce, then retest of 96.00. should still stay
under 97.50-98.50 on bounce to keep pressure on
26 Nov 2012 11:24 am
96.25-96.00 area tested 3 times,will break as long as 97.59 exceeded/held on a
dip. Pressure stays on to 93.75-93.00
26 Nov 2012 11:30 am
not a very aggressive bid like the market had last week, this should also fail
and give a pullback, 97.00-97.50 would need exceeded/held
26 Nov 2012 11:34 am
if they have enough strength to get over 97-97.50/hold, a squeeze up to 99-99.50
should be as far as any bounce goes or a low could be in
26 Nov 2012 11:50 am
for now this can reach 99-99.50 before turning back down as long as 97.50 can
hold. Would expect good resistance there if reached
26 Nov 2012 11:53 am
need to be a way for 15 minutes. Look for sellers around 99-99.50 -97.50 pivotal
and must hold to avoid another reversal
26 Nov 2012 12:16 pm
ran out of steam as 99.00-99.50 being tested. be sure with tight stop, need a
break under 98-97.50 for proof of reversal of uptrend
26 Nov 2012 12:17 pm
will just be scalp trades as this is two-sided action, 97.50 area still pivotal,
has support
26 Nov 2012 12:23 pm
quick reversal up from 98.25, to top of 99.00-99.50 resistance zone. need to
hold 98.50 on a dip needed to keep upside intact. topping otherwise
26 Nov 2012 12:27 pm
that should be it for this bounce, another pop should be sold. resistance on the
ES, NQ retest of early high rejected. If I'm wrong on that
26 Nov 2012 12:29 pm
and they push through 99.50 resistance then 1401.00-1401.50 area next resistance
26 Nov 2012 12:37 pm
double top on NQ, and downturn off of 99-99.50 area keeps the market range
bound. 97.50-98.00 areas still should be pivotal inside the range
26 Nov 2012 12:42 pm
choppy with a good bid on pullbacks. it is the Dow cash that is dictating price
action. Market okay as long as 12,900 not broken/held. But
26 Nov 2012 12:44 pm
upside should be limited, with good resistance on another push higher towards
1402 area. Another dip that holds 98.50-98 should be bid
26 Nov 2012 12:56 pm
just messing 1402 so far in turning back a bit.99.50 needs held to keep the
uptrend intact.The NQ me a new high and 2638 important S there
26 Nov 2012 01:10 pm
upside flattening out, pullback on NQ held just over 2638 and bounce, that and
99.50 need held or a high likely in up here
26 Nov 2012 01:15 pm
2638.50 held again on the NQ,along with 99.50 on the ES. but if broken then a
bounce that follows should be sold. Stays bullish above those
26 Nov 2012 01:26 pm
could be double top if 1400.50 area isn't turned right back up. 99.50 on the ES
and 2638 on the NQ are the keys support or trend reversal
26 Nov 2012 01:28 pm
today's action has been kind of strange, not so sure these prices can hold all
day. Should have another shakeout at some point,but no
26 Nov 2012 01:31 pm
damage done to the up trend unless 99.50 on the ES and 2638 on the NQ are
broken. could still push to or above 1402 before pulling back
26 Nov 2012 01:31 pm
next update in about 15 minutes or so
26 Nov 2012 01:43 pm
there could be another pop up from 1400-1399.50, but it's so it will be sold
into. Downturn should be starting now
26 Nov 2012 01:52 pm
any bounce from here will be sold into, if this can spring back from 98.75 we
get another push higher but fail to make new high and hold
26 Nov 2012 01:59 pm
action will likely stay slow and thinly traded with periodic spurts both ways,
should be sellers waiting near 1401, buyers around 98.25
26 Nov 2012 02:04 pm
the NQ made a 1-2-3 type of top, held 2638 support so far but should have
resistance around 2641-2642. 1400-1400.50 should be sold on the ES
26 Nov 2012 02:20 pm
1400.50 was exceeded, and the NQ also better bounce than anticipated. But no
follow-through push to the upside. Another drop must hold
26 Nov 2012 02:22 pm
the 98.75 level on the ES and around 2638 or higher on the NQ to keep the good
bid on dips alive and possibly punch to higher high
26 Nov 2012 02:25 pm
just a choppy market with two-sided action, upside bias but without much upside
potential from here. another shakeout likely at some point
26 Nov 2012 02:32 pm
needs to break under 98.75 on the ES and 2638 on the NQ and not turned right
back up for this to change character. Need move over 1401
26 Nov 2012 02:39 pm
neat move over 1401.25-1401.75 on the ES and 2644 on NQ than not turn right back
down to get squeeze higher. tiny range this is stuck in
26 Nov 2012 02:52 pm
2 hours ES traded in 2.75 point range, 1401.75 down to 1399.00, almost to top of
the range. pullback should hold 1400.5 area now to continue strong
26 Nov 2012 02:55 pm
should be resistance and sellers around 1403.50 area,that should be important if
1407.50 high on Friday is a top
26 Nov 2012 03:06 pm
pullback held 1401.00, no damage done yet unless 1400.50 is not bid right back
up. One more pop higher to 1403.50 or a bit higher possible,
26 Nov 2012 03:08 pm
Dow and ES still slightly lower on the day, NQ up 13 points. That strength needs
to continue to keep this moving higher. 2645-2644 S there
26 Nov 2012 03:16 pm
that should be it for the upside, if not then another pop up will be sold into.
A moved back under 1400.50 should mean lower prices in the cards
26 Nov 2012 03:20 pm
1400.50 held so far, but expect another pop up to be sold into.a move up there
should not stick
26 Nov 2012 03:25 pm
shouldn't stick up here, but has been a choppy stair step higher and that
doesn't break unless 1400.50 on the ES along with 2644 NQ broken
26 Nov 2012 03:33 pm
the ES failed to make a higher high, 1400.50 broken so the patterns have
changed, another pop up could occur but should fail.
26 Nov 2012 03:35 pm
have a good rest of your day. Use the nightly update for the early going
tomorrow, I will update after the open unless something changes
Tuesday November 20, 2012
(time stamps are EST)
20 Nov 2012 09:27 am
Good morning. Quick note then update after first 15 minutes or so. Last night I
wrote that a higher open would be a gift short
20 Nov 2012 09:28 am
That might be, but to begin breaking down the 80-78 area needs broken. Would be
just a pullback unless 78 broken then held under 80
20 Nov 2012 09:29 am
if 78 breaks and then they bounce stops at or under 80, things turning over
20 Nov 2012 09:34 am
82.50 on the open down to 79.75 so far, lower to go, 82-82.50 resistance now
20 Nov 2012 09:42 am
bounce failed under 82, that is a key resistanceand 78.50-78 key support here
early
20 Nov 2012 09:42 am
78.50-78 cluster of support early, 60 EMA on 5 minute chart an overnight low,
thanks changing if broken/held
20 Nov 2012 09:48 am
78.25 right in support zone and key area this morning. 82 area still good
resistance, should be selling around that area
20 Nov 2012 10:01 am
first bounce to 81.75 sold, but not aggressively and held at 80. 81 needs held
to keep uptrend. 83.00-83.50 R should be sold
20 Nov 2012 10:08 am
the open was sold and 4 point drop to low at 78.25 updated support area, 4 point
rally to 82.75. Sold from just under 83
20 Nov 2012 10:09 am
pressure off under 82-82.50 especially if 80.59 defended
20 Nov 2012 10:18 am
80.50 defended on pullback, buyers in charge until a bit higher up or unless
80.50 broken. 82.25 support above that
20 Nov 2012 10:24 am
a pullback should go no further than 82.50 or a high can be put in. Trends up to
tests 86.25-87 unless that's broken
20 Nov 2012 10:27 am
84.75 is yesterdays high, if 83 broken can leave double top of their
20 Nov 2012 10:33 am
83.25 for pullback low so far, and still get to 86.25 cluster of resistance
20 Nov 2012 10:34 am
but not if 83 broken, would make this a top. Also watch 2590-2588 area on the NQ
for trends support must hold also
20 Nov 2012 10:50 am
just a small pullback but watch 86.25-87.00 on the ES and 2594.50-2595.50 on NQ
for strong resistance early, should be key
20 Nov 2012 10:54 am
that should be good resistance to sell against as a top should be in for now, if
83 not held they could go back towards 80.50
20 Nov 2012 11:09 am
80.50 still in the cards and maybe lower as long as 83 is held under, thats
looking like miniature pivot level
20 Nov 2012 11:12 am
two-sided action so far this morning, from 78.50-78 dynamic support up to 1 tick
under fixed resistance 86.25 on the ES and at 2594.50 on NQ
20 Nov 2012 11:14 am
Pullback to 81.50 so far, but this pattern bearish. Another run-up a short as
soon as the move stalls out, 84-84.50 IF 83 exceeded
20 Nov 2012 11:30 am
tests of the high being sold, but not aggressively yet, but could be a token
higher high, 84 will need to hold or will be another reversal
20 Nov 2012 11:44 am
a double top on the Dow cash and pretty close on the ES, 83.50 pivotal support
needs held to make token higher high
20 Nov 2012 11:52 am
the market has been catching a bid on relatively small pullback so 83.50 should
hold or things changing
20 Nov 2012 11:56 am
84 was as far as the small pullback went before pushing into 86.25-87 area,
86-85.25 support now should hold if going to continue higher
20 Nov 2012 11:57 am
just a heads up, I will be away from around 12:15 PM until a little bit after 1
PM today. will update ASAP after that.
20 Nov 2012 12:03 pm
Bernanke speaks pretty soon and shorts are getting squeezed along with new
buying on the deeper pullbacks. This was/is important resistance
20 Nov 2012 12:09 pm
92-93 area is the next key area above that this could try for but would need a
break/hold over 87-87.50 for that. 85.25 area must give Pop
20 Nov 2012 12:11 pm
back up core and head back towards 84-83.50, that needs held to keep clean
stairstep pattern higher
20 Nov 2012 12:14 pm
need to be away for about an hour, can sell off from up here but buyers and
control on dips unless 84 broken. If broken dynamic change
20 Nov 2012 01:03 pm
bounce from the 84-83.50 zone didn't stick in getting a decent pullback again.
bounce is not going to stick it short any pop
20 Nov 2012 01:07 pm
81.50 was a prior swing low, attempting to hold that area, a pop-up to 84 area
should be sold into. NQ at its low, ES can't break 78 if
20 Nov 2012 01:08 pm
that's the ES CAN break 78 area as long as 83 not exceeded
20 Nov 2012 01:14 pm
1376.75 was a key level, wasn't broken by much, but should snap back a bit but
not reach 81.50-82 which is good resistance, next support
20 Nov 2012 01:16 pm
if they pushed under 77 area holds, down at 1372.25-1371.25 what should be
strong area and bought back up. Look for 80.50-81 for minor R
20 Nov 2012 01:32 pm
ES couldn't even get to 80.50, stalled out after touching 79.75 for 2-3 minutes
then rollover. 74 low so far but 72.50-71.50 can be seen
20 Nov 2012 01:33 pm
if a bounce stays under 77 area especially
20 Nov 2012 01:51 pm
this can could pass 80 area but not much higher, if not cleared and a break of
76 occurs than 72.50-71.50 gets tested. Of pullback holds 76
20 Nov 2012 01:52 pm
then there could be one more push higher that gets sold into and come back down
towards 78 area at least
20 Nov 2012 02:01 pm
bounce reached 80, 78 is pivotal on a pullback, that has to hold to keep from
testing/breaking 76.50 which could end up going to 72.50 area.
20 Nov 2012 02:04 pm
78 will need to be bid right back up and push through 80, otherwise this can
break down a trendline across the bottoms
20 Nov 2012 02:19 pm
81.50 is about as far as this should go if there's going to be another pushed
lower to test 78.50-78 area
20 Nov 2012 02:34 pm
this bounce didn't look promising to start, but made it back to the 82 area on a
steady grind higher.Running out of steam, 80.50-80 key now
20 Nov 2012 02:36 pm
the move should be over for now in a pullback to 80 area. If not and 82 exceeded
then 84-84.50 at sold
20 Nov 2012 02:38 pm
breaking down so vulnerable under 81.50-82.00.
20 Nov 2012 02:41 pm
78.50-78 area should be in the cards as a key support.. A bounce should be sold
into around 80.75-81.25 if weak and going lower
20 Nov 2012 02:50 pm
a bounce through 81.25 didn't stick but if eating area can hold this can push a
bit higher, if not then a test of 78 for a bounce
20 Nov 2012 03:03 pm
.80 area held on a pullback and back to 82 area for third test, if exceeded
84-84.50. need to get the NQ through at least 2586
20 Nov 2012 03:07 pm
another pullback should above 82-81.50 if going higher, 84-84.50 area should
give a reaction of some sort,if for each
20 Nov 2012 03:16 pm
84-84.50 area could cause reversal or pullback towards 82 which should be good
support unless going back towards 79-78
20 Nov 2012 03:23 pm
reaction from 83.75, just under 84-84.50 zone, giving pullback to 82 and Rust
turn up and take out 84 soon to avoid late day drop towards 78
20 Nov 2012 03:26 pm
upside should be limited as long as the NQ stays weak, a bounce to 84 area
rejected once and should be reaction if retested.
20 Nov 2012 03:30 pm
the ES just bounce to the area where the breakdown started getting steam. Need
to push through 84 with some gusto to finish strong
20 Nov 2012 03:35 pm
failure at 84 but okay as long as 81.50 isn't broken/held the end of a day. I
will see you in the morning. Have a nice rest of your day
Monday November 19, 2012
(time stamps are EST)
19 Nov 2012 08:57 am
I just e-mailed a link that gives a look at my internal indicators. It shows
bigger picture, and then short-term coming out of oversold.
http://www.tradestalker.com/TA111612/
19 Nov 2012 09:01 am
its kind of long, 18 minutes. Anyhow, going to get a big Gap Up open. Normally
bullish on Monday when >4 point gap. should not go back to 60
19 Nov 2012 09:09 am
73 resistance should be difficult to stay above if taken out, but, if thats
exceeded/held could go to 77 area. 71 minor S, 67.75-66.75 Key
19 Nov 2012 09:13 am
73.25 resistance sold so far,, should be hard to break over/hold. I will update
a bit after the open.
19 Nov 2012 09:40 am
should pull back from 76.75-77.75 R, 74.75-74.00 area should be bought on
pullback to stay strong
19 Nov 2012 09:49 am
reverse from last listed resistance, pullback held 74.75 so far. 82 area would
be next good resistance if 77.75 easily pushed through
19 Nov 2012 09:50 am
housing numbers out top of the hour
19 Nov 2012 09:59 am
ES trading at key area in front of housing members. Resistance was sold,
pullback held 2 ticks over 74.75 new support. That is key S
19 Nov 2012 10:02 am
high in just under 80. a break under 77 and not turn right back up needed
toprove change trend from up to down,
19 Nov 2012 10:06 am
76.75 pullback low so far, a bounce should fail around 78.50 or lower if going
to stay under 80 area
19 Nov 2012 10:08 am
another pop-up should be sold into, there should be some pressure on to break 75
area as long as holes under 77.75 resistance
19 Nov 2012 10:14 am
pullback to 75.25 so far.Should be more pullback possibly towards 71 area which
keys this morning before a sustainable bounce attempt
19 Nov 2012 10:26 am
was wrong on being further pullback, the ES stayed right at 75.50 for 3 minutes
before popping up to test high, 77 pivotal,
19 Nov 2012 10:29 am
double tops in place on ES and NQ, but need a break of 75.50-75.00 on ES and
2563-2562 on NQ to roll over. A short under double tops
19 Nov 2012 10:36 am
bounce to 77.50 sold, still need a break of 75 area on the ES and not turn right
back up to break trend
19 Nov 2012 10:39 am
doesn't act like it's going to stick, would need to push through 80 with some
momentum. Absent that, break of 76-75.50 bring in selling
19 Nov 2012 10:45 am
pullback should hold 76 at lowest, 82 possible on a break of 79.25 and hold on
small pullback
19 Nov 2012 10:56 am
ES didn't stay over 79 this morning except for about a millisecond 3 times. Must
hold 78-77.50 have a chance of pushing through, else topped
19 Nov 2012 11:07 am
pullback reached 77.25,then bounced to 79.00 rejected a 4th time, NQ
2576.50-2577.50 also rejected. vulnerable up here
19 Nov 2012 11:20 am
gap day turning in to a trend up day holding 76 area. Follow the NQ leadership,
it has been 1/2 step ahead of the ES.a hold over 79 needed
19 Nov 2012 11:24 am
a hold over 79 to get a squeeze higher towards 82 area otherwise fail again and
test 76 or a bit higher if not a top
19 Nov 2012 11:41 am
pullback to 77.25 so far. If another pop to 79 hits turned right back down,
market stays vulnerable. Still unable to hold 79 after poke over
19 Nov 2012 11:46 am
very slow sideways action between 77 and 79.25 currently, can scalp longs on
small pullback but a poke over 79 should be sold, again,
19 Nov 2012 11:51 am
this push higher could reach 79 in turn down again.
19 Nov 2012 12:05 pm
80.50 small resistance, should be trend up still above 78.50 area and test 82-83
zone.
19 Nov 2012 12:12 pm
profit taking off of token higher high above 80.50to 80.75, this can make a move
to 82-83 area if 79.50 area can hold
19 Nov 2012 12:22 pm
ES touch 79.50 and turned back up. Should be on its way to a higher high and
maybe to the 82-83 area on this push higher
19 Nov 2012 12:27 pm
pullbacks have been 4.00 points, 3.75 points, 3.00 points, and 2.25 points. So
there shouldn't be much of a pullback or symmetry breaks.
19 Nov 2012 12:30 pm
78.00-77.25 area a cluster of support, should be key to keeping choppy grind
higher and gear. Currently holding 79.50, transition level
19 Nov 2012 12:32 pm
that 79.50 area was rejected numerous times, since being exceeded has held as
support for another push higher. 79.50 Should be pivotal
19 Nov 2012 12:47 pm
PS now having trouble staying over 80.50, now could go to 77.25 at the lowest or
dynamics change. Another pop a short down towards that support
19 Nov 2012 01:07 pm
so far just stay 2 point pullback, we still have choppy upside trend day as long
as 77.75-77.25 area defended. If broken dynamics change
19 Nov 2012 01:13 pm
we have a lunchtime high in place in any pop-up should be sold into, testing
that 77.7577.25 area would be just minimal pullback expected
19 Nov 2012 01:29 pm
pullback to 77.25 defended so far.A bounce back to 79 areas should be sold if
this is going lower. must push through that to avoid more drop
19 Nov 2012 01:40 pm
feeble bounce back to 78.75 so far,needs to get above 79 and stick again to
attempt anything on the upside. A break of 77.25 could see 75.50
19 Nov 2012 01:47 pm
75.50 still is in the cards if they don't have a good bounce from 77 or pushed
above 79 and stick
19 Nov 2012 01:56 pm
very slow action but with double bottom at77 support this should be still in
sideways/choppy up trend in good challenge for highs
19 Nov 2012 02:02 pm
with this slow action need to get thru 78.50-79 and only have a tiny pullback
before pushing higher again.
19 Nov 2012 02:07 pm
79 rejected, should not go back under 78 to continue higher. Around 2579.50 on
NQ
19 Nov 2012 02:28 pm
78.50 needs held on a dip are those bounce attempt fails, 2580.50 on the NQ. If
not, can begin a break lower
19 Nov 2012 02:37 pm
it's a short under 79.50 and 2583 on the NQ on a bounce from this pullback.
Should be a test/right prior slam lows 77 on ES then bounce
19 Nov 2012 02:37 pm
just a scalp trade and probably better on the NQ
19 Nov 2012 02:42 pm
bounced back to 79 on ES and 2581.25 on the NQ, just a tiny pullback instead of
a quick push down, that might be pullback low already
19 Nov 2012 02:45 pm
should not go back to 78 on the ES and 2579 area on the NQ if another pullback.
Those should be good lows, 79 should hold on a dip
19 Nov 2012 02:48 pm
82-83 area should get a test as long as eight years held it should
19 Nov 2012 02:55 pm
a pullback from 82-83 will hold 80.00-79.50 area at the lowest to keep the
upside going. 2583 pivotal on NQ
19 Nov 2012 03:02 pm
stalling out just under 82-83 resistance, pullback needs to hold 80-79.50 on ES
and 2583 area on the NQ to be just a pullback, top otherwise
19 Nov 2012 03:10 pm
the ES reached 79.75 and the NQ 2582 so far, if those lows are broken a bounce
that follows should be sold into
19 Nov 2012 03:17 pm
support held and 82-83 can be tested again, market not wanting to hold gains but
if they get through 83 then 86.25 area.a short at that zone
19 Nov 2012 03:18 pm
better odds for some pullback. 80.50 should hold it going higher. 79.50
shouldn't be seen, or could have late drop .
19 Nov 2012 03:19 pm
need to leave early so have a good rest of your day, so you tomorrow after the
open
Friday November 16, 2012
(time stamps are EST)
16 Nov 2012 09:28 am
Good morning. The market very oversold coming into today. Just not sure why own
stocks over the weekend went ugly all week.
16 Nov 2012 09:28 am
early strength in a short
16 Nov 2012 09:39 am
NQ bounced off of 2712 support while ES stayed 2 points above its 46-45.50
support. 48 on ES Key early to avoid yesterday lows
16 Nov 2012 09:43 am
A move over 52.50-53.25 area, and hold, above that to get out of trouble for a
bit. Yesterdays last hour high area
16 Nov 2012 09:43 am
a short under that
16 Nov 2012 09:54 am
pressure on below 50. a drop to 46.00-45.25 on ES, 12,500 area on Dow cash,
should get turn right up or else market further breaking down
16 Nov 2012 09:59 am
bounce is not going to stick the way it is looking - must be a turn back up from
45-44 area on ES, 12,500 on the Dow cash. A buy on reversal
16 Nov 2012 10:01 am
1346.00-1345.25 on the ES and the Dow held just over 12,500. 1349 needs cleared
with some gusto or could break lower
16 Nov 2012 10:02 am
they move over 49 and stick needed to get a reversal of some sort, at least
arrested downside momentum for a bit.
16 Nov 2012 10:10 am
45.50-46.25 resistance, 38.50-37.50 area still possible if that got cleared/held
and also 12,500 area on our cash
16 Nov 2012 10:13 am
45.75 bounce high so far in right at 12,500 on the Dow - should be pivotal in
the early going
16 Nov 2012 10:21 am
resistance pushed through and now needs to hold 45 on a pullback and push higher
to stay out of trouble
16 Nov 2012 10:31 am
48.50-49.25 is where selling picked up steam on the way down to 42, could be
"last trapped" resistance, needs pushed through to stay bullish
16 Nov 2012 10:34 am
should sell off from under 48.50 is going to have another push lower, upside
stalling out
16 Nov 2012 10:35 am
IF 48.50 is pushed through that a pullback that follows should hold and turn
back up
16 Nov 2012 10:43 am
48 area should act as support on a pullback now,very slow thin trading so far,
if 48 broken and not turn right up a rollover possible
16 Nov 2012 10:45 am
47.75 pullback low so far, no energy behind this move higher so must stayover
that level or can roll over
16 Nov 2012 10:58 am
much slower action than most of this week. resistance at 48-48.50, support
46-45.75. Need breakout of that range likely lower
16 Nov 2012 11:07 am
was wrong on that, the break to the downside didn't pick up any momentum.
bounces should stick, but a decent size pullback bought
16 Nov 2012 11:13 am
45 broken and NQ near its low, a bounce is not going to stick so look to short a
bounce that stops under 48
16 Nov 2012 11:23 am
45.25 still resistance and bounces should fail, 38.50-37.50 in the cards have no
bounce from test of a low, or bounce and fail under that
16 Nov 2012 11:27 am
its bearish under 45.50 down to 38.50 area. Needs to get back above that area
and hold on a dip to change trend down action
16 Nov 2012 11:32 am
bounce high at 49.50 1 tick above "last trapped" and roll over, test of 40,
staying under 42.50-43.25 keeps pressure on
16 Nov 2012 11:41 am
bounce shouldn't take out 44.75-45.25 if still week, or could continue higher
towards 47.50. looks like 42.50 break could start pushed lower
16 Nov 2012 11:45 am
good short squeeze on news, next pullback should get it right back up,
especially 47.50-46.25 zone
16 Nov 2012 11:46 am
2506-2505 area on NQ is pullback support must hold that area along with
47.50-46.25 area on ES to get another push higher
16 Nov 2012 11:51 am
46.25 pullbacks low and a push back up to test 52.50-53.50 high of day/rejection
area. it's okay as long as pullback just 5 points
16 Nov 2012 11:54 am
combine a grossly oversold market with some good news when it means that
pullbacks should hold and give a decent bounce, pullback to 50 area
16 Nov 2012 12:05 pm
steady trend up move after pulling back to dynamic support pullback should come
from 57.50-58.50 area if going to get one. 51.50support
16 Nov 2012 12:14 pm
he pulled back from 57 down to 53, ample for opportunity on both sides. 53. Key
support now on another drop from 57-58 area, then 51
16 Nov 2012 12:14 pm
back after 15 minute break
16 Nov 2012 12:43 pm
57.25-56.75 area is currently a support area on a pullback. If not held than 53
area, should hold that first area to continue strong
16 Nov 2012 12:48 pm
what a bit further than it should so this bounce could fail under 59 and head
back towards 55.50 area or a bit lower
16 Nov 2012 12:53 pm
that pop up was quickly rejected 57.75 and a drop to 55 area, can go further to
the 53 area are lower. But that pop should be also sold
16 Nov 2012 01:03 pm
bounces are able to stick but can bounce from 53.75-52.75 if it's going to avoid
deeper pullback
16 Nov 2012 01:06 pm
if they do bounce off of 53.75-52.75 area, don't expect that to stick. Another
bounce back to 56.50-57.50 should be sold into
16 Nov 2012 01:14 pm
54.25 the pullback low, and caught a small bid for a 2 point bounce to 56.25
sold, that needs exceeded with gusto otherwise 51 next on downside
16 Nov 2012 01:24 pm
pullbacks held 52, the early high this morning and last hour high yesterday at
that area, 54.50-55.25 area resistance on a pop
16 Nov 2012 01:28 pm
if this bounce doesn't take out 54.50-55.25 and stick, instead of turning right
back down, then a break under 52 causes a breakdown
16 Nov 2012 01:39 pm
bounce stopped at 55.00, in the 54.50-55.25 zone and pulled back to 52.75 so
far, there are lots of swings of 2+ points to scalp, both sides
16 Nov 2012 01:39 pm
if they cannot get above 55.25 then a break of 52 is eminent
16 Nov 2012 01:41 pm
if that occurs they could push down to the 49.50 area or thereabouts before
another bounce attempt that fails. IF exceeded then 57 possible
16 Nov 2012 01:55 pm
ES is trading in a range between 52 on bottom and 56.25 area for the most part
after coming off of 59 high, these pop-ups should be sold
16 Nov 2012 01:58 pm
and pullbacks that can stall out and bounce from above 52 ok for a scalp on the
long side. The internals did a 180° turn, no longer oversold
16 Nov 2012 02:03 pm
57 rejected, if no bounce from 54.50 area then that could be bounced high,
16 Nov 2012 02:07 pm
the easiest way to trade this at the moment is to wait for a run up to show some
rejection or stall out on a pop up,
16 Nov 2012 02:10 pm
or buy a dip of 2.00-2.50 points off of a high that spells out. if there is a
bigger pullback and 52 is broken, could see a drop under 50
16 Nov 2012 02:12 pm
consider just being short something on a bounce this shouldn't take out the
high, a break of 52 not quickly reversed could go to 48-46.
16 Nov 2012 02:14 pm
54.25-55.25 area should be bounced resistance. Really weakening if that's not
reached.next update in about 10-15 minutes.
16 Nov 2012 02:27 pm
bounce from 52.00 up to 53.50 was sold than 52 broken, which opens the door for
48 area and maybe lower. Cover part of short @48.75
16 Nov 2012 02:35 pm
48 area met. Could bounce but 52 area now resistance that should be sold into
16 Nov 2012 02:37 pm
trail a stop on remainder of shorts down to 43-42 if they break 48 and don't
turn right back up. 53.50 highest this could bounce
16 Nov 2012 02:42 pm
lost power on other PC so I am "one eye blind" looking at my charts at the
moment, 52 should be rejected if going to have a breakdown
16 Nov 2012 02:45 pm
if 52 is pushed through, there could be move up to 53.50, shouldn't go through
55.15 though unless stronger than it looks
16 Nov 2012 02:55 pm
48.75 was the spot to cover part of any short position,53.50 area needs to be
reverse to have another breakdown. 51.50 needs broken
16 Nov 2012 03:00 pm
52 level held, that is pivotal it appears. Just as it was earlier. If not
defended, 50.50 can be seen at the least. 54.50 small R, 2530 on NQ
16 Nov 2012 03:16 pm
options expire could cause goofy action end of day, the trend will stay up
unless 52-51.50 breaks. 56 area should be rejected unless strong
16 Nov 2012 03:19 pm
52-51.50, then 48 area is the key area end of day on the downside. 56 and then
up at 58 key on the upside. Should stay inside that range or
16 Nov 2012 03:25 pm
they breakout temporarily at least.should get momentum, but if not and a
breakout stalls/reverses then quick move back down.53.75 is new S
16 Nov 2012 03:27 pm
56 soldnow needs break under 53.75 to be a valid top, otherwise can continue
16 Nov 2012 03:31 pm
the ES needs to close back above the 1358 level that was the key support coming
into the week, otherwise market not yet out of trouble.
16 Nov 2012 03:33 pm
that could happen the way this is going, but if they get there hand are rejected
that would be bearish. a pullback should only be 2 points
16 Nov 2012 03:36 pm
to keep this run up going, 58.25 reached and sold but 56.25 area should hold if
going to push through or try to
16 Nov 2012 03:40 pm
2 point pullback from 58.25 to 56.25, back up to 58.50 so far. Trend still stays
up unless 56 broken.
16 Nov 2012 03:41 pm
have a great rest of the day and a great weekend. A short week but should be
plenty volatile next week. I will see you Monday morning.
16 Nov 2012 03:52 pm
if there is a retest of the high somehow in the last 10 minutes or so, consider
buying a few put options. should be bounce high or close
Thursday November 15, 2012
(time stamps are EST)
15 Nov 2012 09:22 am
follow nightly update for the first 15 min and update then
15 Nov 2012 09:52 am
58 area so and can go under 50
15 Nov 2012 09:56 am
If 52 is broken and not quickly reverse 49.50 or lower fee for another bounce
attempt. Philly Fed top of hour
15 Nov 2012 09:57 am
55-55.50 is resistance and could be pivotal, would need to get above and hold to
dent down side momentum
15 Nov 2012 10:05 am
bounce from 48.50 initial support, could be a low, but some pressure still on
unless 53.50-54.45 area cleared
15 Nov 2012 10:15 am
we had a high at initial resistance and low at initial support, and 53.50
exceeded/held 54.25 area support
15 Nov 2012 10:25 am
initial resistance cause another reaction from 57.50 to 54.75, just over no
support. The initial resistance needs to be cleared and held
15 Nov 2012 10:35 am
after first push from 48.50 stall a few minutes, 2nd wave of buying came in at
52 area. Pullback to 53.25 so far, need to hold or trouble
15 Nov 2012 10:41 am
market struggling under 56, should go back towards low if that's not exceeded
15 Nov 2012 10:44 am
even if bid up from 53-52 area here, need a push above 56 stick. otherwise
there's still pressure on,initial resistance key above
15 Nov 2012 10:56 am
they tried to bounce from 51.75 but no go and this should go back down to test
or break the low, follow NQ as it's been leading on downside
15 Nov 2012 10:59 am
feeble bounce from 50.50how should fail under 53 to continue lower and
test/break the initial support
15 Nov 2012 11:04 am
the ES has spent very little time under 1350, both yesterday afternoon and this
morning and just on a test of 50. Another push under 50
15 Nov 2012 11:06 am
well need to be turned up immediately, otherwise back to 48 and maybe quickly
down to 44-42 zone
15 Nov 2012 11:08 am
still under pressure under 52 area now and 2526 on the NQ. Both of those would
need taken out on the upside, otherwise it's breaking
15 Nov 2012 11:16 am
still not holding under 50 for a long, but not much gusto on bounce from
important support, 52 area needs exceeded/held now to have bounce
15 Nov 2012 11:18 am
stay with shorts unless 52 exceeded/held as this could be headed to the 44-42
area.
15 Nov 2012 11:23 am
staying under 50 should keep pressure on, a bounce back to 50-51 area that
stalls/ turns down should give another push lower, 50-51 pivotal
15 Nov 2012 11:31 am
50.50 was sold, needs to push over that area and stick to put a dent and
downside momentum and potentially turn trend. 44-42 zone next S
15 Nov 2012 11:42 am
50-51 area sold into, that needs to be exceeded/held on a pullback to try
getting a decent bounce going, test of low or lower otherwise
15 Nov 2012 11:48 am
43.50-42.50 is the next target/support on the downside and should be seen unless
a decent bounce takes out 49.25 or higher
15 Nov 2012 12:15 pm
her little double bottom at 45.25 started a bounce to 48.25, 48.50-49.25 now
resistance to stay under to keep downtrend going towards 44-42
15 Nov 2012 12:21 pm
48.50 is first resistance and then 50-51 more important area above. trend down
day action, stay with selling bounces down to 43.50-42.50
15 Nov 2012 12:21 pm
next update in about 10 minutes or so
15 Nov 2012 12:37 pm
they bounce up to test 48.50 resistance, there is a double bottom at 45.25 and
that must hold to keep the market from 43.50-42.50. 47.50 S
15 Nov 2012 12:41 pm
48.50-48 now support - should hold the keys to this moving higher.. If it
doesn't 46.50 is as far as a pullback should go
15 Nov 2012 12:49 pm
today's internals can put my internal gauges and a very oversold condition. Only
thing missing is a high Trin. A low made today or tomorrow
15 Nov 2012 12:52 pm
46.50 held on the pullback, a break under that area could bring another drop
down to 45 may be lower. selling bounces that stall stillbetter
15 Nov 2012 12:53 pm
until there's another washout possibly towards 38 area if low not made today
15 Nov 2012 01:11 pm
so far today there has been good buying coming in on these pullbacks at 46-45
area, another pullback that holds around right there should be bought
15 Nov 2012 01:16 pm
we are giving two-sided action since whoa made just before noon.50-51 resistance
and 46-45 support. 48 minor, must punch higher from there
15 Nov 2012 01:27 pm
pull back held at 48 and a decent bounce like this morning, this one should be
able to stick and continue higher if a pullback holds 50-49
15 Nov 2012 01:32 pm
pullback held 50.50 and reached 52.25 so far, next pullback needs to hold 50.75
or could be make a little top here for a deeper pullback
15 Nov 2012 01:42 pm
53.50-54 area is a resistance, but pullback should hold 51 area to keep upside
going.
15 Nov 2012 01:53 pm
52.75 was as far as a pullback went before getting another run up. As long as
that level on the ES and 2528 on NQ hold rally stays in gear
15 Nov 2012 02:04 pm
that should be for the upside for a while, could bounce from 52 but on able to
stay above 54 is a negative and 49 area next
15 Nov 2012 02:08 pm
if unable to get over 54 it could be going back to 50-49 before the bounce
attempt
15 Nov 2012 02:10 pm
should bounce from 50-49 area, and if that happens and they test 54 bits should
set up another pullback after that
15 Nov 2012 02:20 pm
the bounce stopped at 52.75, back down to 50-49 area, step back from here but
will be sold into. If 49 broken, rallied off and 46-45 tests
15 Nov 2012 02:31 pm
ES holding 50-49 area, needs to push through 52 which is turning into resistance
could be pivotal. Not trusting rally until tomorrow
15 Nov 2012 02:36 pm
51.75 was a bounce high before pulling back to 49.25, that level needs to hold
or there can be another push lower to test 46.75-46.25
15 Nov 2012 02:45 pm
bounce from 49.25 not able to stick, unless this can get above at least 52 and
stick on this move, it's feeble going to break lower
15 Nov 2012 02:58 pm
so far the bounce stopped right at 52, this pullback should break 49 if going to
break lower end of day
15 Nov 2012 03:03 pm
back down to 49.25 but stays and sell the bounce mode under 52 area, tests of
low may be lower should be in the cards on break of 49
15 Nov 2012 03:11 pm
must reverse from 45 area more continues on down to test 43.50-42.50. 50 area
bounced resistance should be sold, 52 key resistance end of day
15 Nov 2012 03:27 pm
49-50 area now has turned into resistance again,if pushed through then 52 area
possible. Should be sold there if not at 49-50
15 Nov 2012 03:28 pm
if the ES can drop down to either 1338 or a bit lower and then reverse back up
tomorrow, then load could be in place. This is still bearish
15 Nov 2012 03:29 pm
and would wait until tomorrow or possibly Monday before everything comes
together for a good rally to begin
15 Nov 2012 03:31 pm
still a short until then or until some proof of strength that will stick.could
still see 43.50-42.50 if this lets loose in the last 30 min
15 Nov 2012 03:31 pm
have a good rest of your day, should be some good trading action again tomorrow.
Wednesday November 14, 2012
(time stamps are EST)
14 Nov 2012 09:30 am
update in 20 min, follow nightly update early
14 Nov 2012 09:53 am
Can bounce from 73 but Pressure on below the 75.50 area. 78 and 2577 on NQ key
Resistance, market under pressure unless cleared/held
14 Nov 2012 10:03 am
71 a minor support, 74 area needs cleared to take some pressure off or could
revisit low
14 Nov 2012 10:14 am
for still the area to clear otherwise that keeps the pressure on
14 Nov 2012 10:16 am
that is "74 is still the level that needs cleared to take the pressure off"
going to break towards yesterday's low if not cleared
14 Nov 2012 10:24 am
71.50-72 now resistance needs cleared to take some pressure off, should take out
67 area before turning up if that's not cleared
14 Nov 2012 10:27 am
ES and NQ trying to hold around initial support, but needs a push through 72
before pressure off, 1366.50-1365.50 possible on the lower
14 Nov 2012 10:37 am
dropped down to 66.25 support and a small bounce back to 68.25 didn't stick. 69
is resistance now that needs exceeded or pressure still on
14 Nov 2012 10:39 am
the next support isn't until 63-62, the big area around 58 could be in the cards
today if this stays under 68 trend to Resistance
14 Nov 2012 10:51 am
66 area is now the trend down resistance, pressure off temporarily if cleared
and not turn right back down. 62 in the cards otherwise
14 Nov 2012 10:58 am
all the way down to 62.50-62.00 with no sign of a reversal. Needs to get above
65 at least, and not turn right back down from this support
14 Nov 2012 11:07 am
one minute chart 9 and 18 Floand so it was a web bug or a liar was herrida law
14 Nov 2012 11:09 am
I don't know where that came from. Anyhow, 62 can be a low for a while. A
pullback should hold 65-64.50 or higher to push higher
14 Nov 2012 11:18 am
pullback held at 65.25, 68 area should be good Resistance if reached in the move
stalls out they should come back down to 66.50 at least
14 Nov 2012 11:31 am
pullback held above 65, 68 area key. if cleared a push up to 70 possible but
that should be pretty good Resistance. 68 looks to be key
14 Nov 2012 11:37 am
shouldn't bounce back to 66 but if so should be sold, the 68 area is key
resistance now. That needs broken to get into neutral, test 70-71
14 Nov 2012 11:44 am
66 pushed through, could get to 70 area if 66 holds
14 Nov 2012 11:45 am
68 still key, if going to get back to the 70 area can dip should hold over 66
and then pushed higher again
14 Nov 2012 11:53 am
67 area now needs to hold or may not get to the 70-71 area.a drop back to 65.50
possible if broken and not turn right back up
14 Nov 2012 11:53 am
NOTE: just a heads up that I will be away today from around 12:20 PM until 1:10
PM. An update in between possible that cannot commit.
14 Nov 2012 12:05 pm
upside stalled out and shouldn't but pullback still holding 67. If that's broken
a drop to 65.50 area
14 Nov 2012 12:11 pm
should head down to 65.50 saying under the 68 area, will either bounce there or
picked up steam on the downside.
14 Nov 2012 12:14 pm
65.50 was cut right through and stopped at a last little swing low at 64.25. We
made a bottom at 62 support and bounced, not sticking so
14 Nov 2012 12:16 pm
could retest 62 area on a break under 64. if tested in not held, then 58 area in
the cards. I will be back around 1:10 PM
14 Nov 2012 12:59 pm
this area has been tested too many times and should be broken soon following the
NQ
14 Nov 2012 01:10 pm
must be shorts antsy to lock-in profit by covering at 63-62, but pressure stays
on towards 58 area unless 65 exceeded/held
14 Nov 2012 01:21 pm
63.50-63 area held for about 30 minutes, the pop-up to 65.75 shouldn't stick
unless 64.25 holds on a dip and turns right up from there
14 Nov 2012 01:30 pm
65 broken and held, that shouldn't be broken and a test of 68-69 area should be
sold into. If 65 broken a bounce that follows gets sold
14 Nov 2012 01:35 pm
another failed bounce, even at these low levels, another run-up possible in
front of the Fed minutes released in about 25 minutes
14 Nov 2012 01:42 pm
a 3.75 point run up in three minutes and then a 3-point drop in 2 minutes, 68
still Resistance, 70-71 if exceeded. Should be sold.
14 Nov 2012 01:45 pm
would be careful on the long side, this is still a "heavy" with bounces unable
to stick, lots of buyers from earlier anxious to get out
14 Nov 2012 01:59 pm
Fed minutes released at 2 PM. 64-63 has been a base of sorts on pullbacks, needs
to hold or reverse from there to avoid any trouble, good S
14 Nov 2012 02:07 pm
This must take out 68 and 2559 on NQ. 65 turning into pivotal support and they
hold under that goes to 63 area again
14 Nov 2012 02:13 pm
headed towards the low and maybe 58 area if no quick reversal back up. Selling
bounces from here on out under 68.50 and 2559 NQ
14 Nov 2012 02:20 pm
64.25 area would need to be exceeded and not turned right back down to avoid
testing 58 area. Could be snap back rally from there
14 Nov 2012 02:25 pm
63.50-64.25 should be bounced Resistance if going to break down to test 58 area
before a bounce. Could see 66 if broken through
14 Nov 2012 02:33 pm
the ES reached 64.75 before pulling back. need a push over that with some
momentum or still going for 58 area
14 Nov 2012 02:46 pm
1 more push lower under 60 that then reverses back up should set up for a
bounced attempt at least. 63 area could be pivotal, as R right now
14 Nov 2012 02:47 pm
if that's exceeded and then holds on a pullback we could have a low and place
for a bit
14 Nov 2012 02:56 pm
theres a chance for a late day rally IF this can get a push over 64-65 area
thats not turned right back down. Thats key R
14 Nov 2012 02:56 pm
otherwise they are going to likely test 58 before any bounce attempt
14 Nov 2012 03:03 pm
59.50 reach and turned up, but pressure stays on under 62.50-63.50 area. 58 or
lower still likely
14 Nov 2012 03:08 pm
58 area met but need to get over 60.59 and not turn right back down just to take
some pressure off. Could go quite a bit lower
14 Nov 2012 03:10 pm
if they cannot hold 58 on a close. It doesn't look promising. 59.50-60.50 a
bounce attempt. 54 next support area
14 Nov 2012 03:17 pm
58 area can now be resistance to continue down to 54 area are lower, there is
some so poor around 48 if this gets momentum into the close
14 Nov 2012 03:24 pm
just a feeble bounce from 54.50, 52 level next than 48. would need to get back
over 58 to avoid continue dropping into the close
14 Nov 2012 03:34 pm
the bounce failed just under 58, that area should be important resistance and of
day. Stays under pressure unless cleared/held
14 Nov 2012 03:38 pm
58-59 area should be rejected if the market is going to stay weak.
14 Nov 2012 03:39 pm
have a good rest of your day, I will see you here tomorrow morning
Tuesday November 13, 2012
(time stamps are EST)
13 Nov 2012 08:59 am
use any decent bounce for a chance to short if you are trading overnight.
80.50-81.50 area would be sold if reached unless unforeseen news
13 Nov 2012 09:10 am
good morning. market getting hit hard overnight. the ES would need to get above
75-76 just to take some pressure off. Working towards 1358
13 Nov 2012 09:26 am
could bounce early but we have more to go on downside, a gap down open this
morning the initial resistance should be 73-74 area. likely sold
13 Nov 2012 09:37 am
should pull back from 71.50, 69.50 should give another bounce if going to get to
73-74
13 Nov 2012 09:40 am
70.50 area now support and 73-74 should get a test
13 Nov 2012 09:49 am
gap filled usually, 72 is now key support, must hold that level to avoid another
drop.
13 Nov 2012 09:50 am
76 should be hard to get through and hold, 74 area trend support on a dip
13 Nov 2012 10:00 am
almost back to unchanged, not too far from 80 area but a pullback from 78
possible here no reversal unless 74 breaks
13 Nov 2012 10:07 am
77.75 high and a pullback to just above 74 support. If that's broken a bounce
that follows should fail. 72 support under that
13 Nov 2012 10:10 am
74.25 was bid on the second pullback. Building an important support there, needs
to stay over that to stay strong
13 Nov 2012 10:19 am
popped over 80 and couldn't stick, a move under 77.50-77 needs to snap right
back or begins to break trend
13 Nov 2012 10:24 am
pullback held at 78, not wanting to break down yet. 77.75-77.00 area needs to
get bid right back up on a dip or could it be rolling over
13 Nov 2012 10:27 am
a good bid all the way up just held 77.50 on dip, but cannot stay over 80 and
should have deeper pullback unless 80 exceeded/held soon
13 Nov 2012 10:30 am
a short under 81 high ,NQ under 2580 for now
13 Nov 2012 10:32 am
76.50-76 a small support where a bounce could come from, if not then down
towards 74 before a bounce
13 Nov 2012 10:40 am
76.75 held and gave a push back above 80. Can come back down but 78 area will
hold if going to keep pushing higher
13 Nov 2012 10:47 am
double top in place just above the 80, 77 area has held on dips but a break and
start a pullback towards 75 maybe 73.50
13 Nov 2012 10:52 am
another pullback should hold 77, so it should set up a quick trade on the long
side on another pullback.if a hold over 80, 84 possible today
13 Nov 2012 10:55 am
should get to 84 area before a pullback or reaction of some sort. 80 area should
hold on a dip
13 Nov 2012 11:00 am
gap days are often times trend days and it's been a trend up move since they
opened.pretty big move already so this may not last all day
13 Nov 2012 11:04 am
pushed through 84.50, a pullback should hold 82.50 to keep up trend going. 88
area is next resistance to go for
13 Nov 2012 11:06 am
84.50 was pushed through, a pullback should stay above 83-82.50 at worst to keep
grinding higher towards 88 area
13 Nov 2012 11:17 am
82.50 is about as far as a pullback should go if this is going to stay bullish
in trend up mode.
13 Nov 2012 11:23 am
the ES is holding at/near dynamic support on pullbacks most of the way up.
83.50-82.75 zone on the ES, 2580-2578 on the NQ pullback support
13 Nov 2012 11:31 am
pullback held at 83.00, need a push up through 85 and stick to get upside push
going again. NQ 2580 area also holding can go higher
13 Nov 2012 11:39 am
the upside ran out of gas in the pullback finally broke some support. Watch
81-80.50 that area needs to hold or could slide down to 78
13 Nov 2012 11:44 am
so far just an orderly pullback, buyers backing off or locking in profits.if
81-80.50 is held they can test the high. If broken could see 78
13 Nov 2012 11:51 am
already 19+ point move on ES, about 33 points on NQ. Good upside momentum, but
extended ad eating a rest, a decent pullback should be bought
13 Nov 2012 11:52 am
going to take a 15 minute break. Lunch time pullback could be underway, but
should be buyers at lower levels
13 Nov 2012 12:19 pm
84.00-84.50 turned into resistance again, but pullback was bought. 81.50-80.50
prior resistance now support that needs held.
13 Nov 2012 12:29 pm
a slinky type pattern and drop into 81.50-80.50 area. Another bounce back to
82.50 should be sold to keep new downtrend
13 Nov 2012 12:32 pm
could test 77 area on this leg down, around 2571 on the NQ some support but a
bounce likely not going to stick
13 Nov 2012 12:34 pm
81.50 area is resistance again, that should be a transition area. To begin
getting out of trouble 81.50 needs cleared/held
13 Nov 2012 12:49 pm
this can be a pullback low, just missed getting to 78 and turned up. The NQ held
just above 2571 support area and that is key there
13 Nov 2012 12:52 pm
the ES bounced from just above the 78 support area, NQ from just over 2571
support. Both are key areas that need to hold
13 Nov 2012 12:59 pm
81.50 turn the mkt back, but if this can bounce from79.50 or above it can hold
together and make another bounce attempt. If not, breaks down
13 Nov 2012 01:07 pm
double bottom on both ES and NQ for a scalp long, but not to overstay as this
looks vulnerable. 78.50 and 2572 on NQ must hold
13 Nov 2012 01:17 pm
the ES got a second push after holding the 80 area, this could go a bit further
but wouldn't overstay as this can come back to 80
13 Nov 2012 01:23 pm
the market has acted very well today, now to avoid any trouble 78.50 area on the
ES and 2572 area on the NQ need to hold if deeper pullback
13 Nov 2012 01:24 pm
need to be away for about 15 minutes. A bounce from 81 should occur if they're
going to make another push higher and not test 78.50
13 Nov 2012 01:44 pm
tricky action with selling around 82-83, buying at 79.50-78.50. As long as that
support hold market stays bullish in a nutshell
13 Nov 2012 01:54 pm
this can go back up 84.50 area but probably get sold in that area. 80.50 should
it be broken to keep this going
13 Nov 2012 02:00 pm
81 area is acting pivotal so as long as a pullback holds there this can push
higher 84-84.50 the R
13 Nov 2012 02:04 pm
to keep a choppy trend higher going this needs to bounce from 81.50 probably at
the lowest. 81 has been pivotal
13 Nov 2012 02:10 pm
good bounce off of 81.25. 81 area still pivotal and bullish above that, test of
79-78.50 possible if broken but doesn't look likely
13 Nov 2012 02:11 pm
at the moment. Would need to break under 81 and not snap right back up. Next
update in about 10 minutes
13 Nov 2012 02:18 pm
another bounce off of 81.25, 84-84.50 should have a hard time breaking/holding.
But stay with buying dips as long as 81 not broken
13 Nov 2012 02:27 pm
needs to continue to hold 81 area. If broken and not turn right back up, things
could be changing late day. 78.50 then the key support.
13 Nov 2012 02:39 pm
tricky market this afternoon, should be pressure o under 81.50 now
13 Nov 2012 02:50 pm
thus 77.75 level on ES and 2571.75 on the NQ were quickly turned up, must be
some shorts caught just below. A test should be bought. 81 R
13 Nov 2012 02:57 pm
81 almost reached, pullbackshould stay over 79 if going to avoid breaking down
again. Should be buyers on a retest
13 Nov 2012 03:07 pm
has to get over 81 again and hold or can retest 77.75. Should spring up on a
retest or the 75 area could be seen. in
13 Nov 2012 03:15 pm
no sign of a bounce off of 77.75, could see 75.50-75 area before a bounce
attempt. Don't expect it to stick,
13 Nov 2012 03:16 pm
it's a short on a bounce back to 79 area, or around there as long as it stays
under 81. Could crumble towards 72.50 if no bounce
13 Nov 2012 03:20 pm
bounce attempt off of 75.50-75 area but a feeble one and shouldn't go any
further than 78.50-79 area. A break of 75 goes to 72.50-72
13 Nov 2012 03:22 pm
this can go to 72 area, pressure on under 75.50
13 Nov 2012 03:28 pm
72.50-72.00 was just messed but could still be seen if this turns down from
75.50-76 area, that should be pivotal area in last 30 minutes
13 Nov 2012 03:31 pm
there is room to go back towards this mornings low or lower before a bottom is
in. have a good rest of your day. catch you in the morning
13 Nov 2012 03:58 pm
earnings could affect NQ after the close. Overnight look for a bounce to be
sold. vix make close up, could give some sell signals
Monday November 12, 2012
(time stamps are EST)
12 Nov 2012 09:20 am
good morning. decent overnight bounce 81.50 important to get above and hold in
the early going. 78 minor support, area needs held early
12 Nov 2012 09:26 am
this is a semi-holiday for the market, bonds are closed and not all of the
players will be at their desks. Could be slow session after noon
12 Nov 2012 09:35 am
78 was quickly reversed, this bounce should be sold into,a break that's not
turned right back up puts pressure on.
12 Nov 2012 09:41 am
buyers in charge above 78for now, a push to 81.58 area first test of
strength/weakness. If rejected then decent pullback
12 Nov 2012 09:50 am
two pokes under 78 reverse back up, and a poke over 81.50 could do the same.79
needs reversed a broken
12 Nov 2012 09:54 am
early high in place, might be a high for more than just early if 78 area not
defended on another push lower, that's key. It's a short
12 Nov 2012 09:57 am
81.50 is the first fix resistance and that area sold twice on Globex and once
after stocks open so far. Should be under pressure under 81
12 Nov 2012 10:08 am
78 area able to hold so far, but staying under 80 also. 81.50 first Resistance
was just missed and rejected a short under that
12 Nov 2012 10:22 am
resistance at 77.75-78.50 now.Unless that is broken and held above, there can
beanother push lower and 75-74 must hold to avoid bigger break
12 Nov 2012 10:26 am
pop up to 77.50 was sold, that area needs push through/held along with
2587.50-2588.50 on the NQ.
12 Nov 2012 10:42 am
bounced to 78.25 so far,2587.25 on NQ. if exceeded and not turned right back
down, then trends hood turn up
12 Nov 2012 10:44 am
new Resistance sold, still a short and a break of 75-74 would put pressure on,
bigger break down
12 Nov 2012 10:49 am
75.50 reached so far, if short from earlier or on the last bounce to updated
resistance tighten up stop for sure,could see 72 if 74 not held
12 Nov 2012 10:51 am
would cover part at that support and keep the rest in case downside gathers
momentum. 78.50 key resistance
12 Nov 2012 10:57 am
74.50 low so far, 74.50-74.00 key area, 70 2A minor support but 70-69 area
should be tested
12 Nov 2012 11:04 am
73.50 was bid up a bit with some short covering from over the weekend holders,
trend resistance at 75 now,
12 Nov 2012 11:06 am
pressure stays on as long as 75-75.50 gets rejected on another feeble bounce
attempt.needs broken through to change things for a bit
12 Nov 2012 11:15 am
pop up to 75 rejected, so pressure stays on to test or break low, a break of 69
needed to avoid having "inside day"
12 Nov 2012 11:28 am
keep an eye on the NQ 2577 resistance along with 75 area on the ES, both head
good bid at lows, should hold for a bit if resistance cleared
12 Nov 2012 11:39 am
NQ reached 2577.50 and turned down, the ES is trying to push through 75.50 while
NQ pulls back.ES should give here if going lower
12 Nov 2012 11:47 am
trying to make a lunchtime blow, there has been lower highs and lower lows since
topping in the first 20 minutes, need a break/hold over R
12 Nov 2012 11:52 am
need to clear 75.50 and 2577.50 on the NQ, which is acting worse than the ES,to
attempt making a midday low, otherwise headed lower under 73
12 Nov 2012 12:06 pm
until this can prove itself strong, would stay with selling bounces that stall
out.bounces feeble, 75.50 needs pushed through with gusto
12 Nov 2012 12:17 pm
if still in a short from earlier, which cover at 73.75 or better, at worst have
stop no higher than 75.50. slowing down
12 Nov 2012 12:21 pm
lunch time bounce and some short covering already starting from test of low.
could go to 76.25 if they push it above 75.50 can stick
12 Nov 2012 12:27 pm
75.58 seeded but not held, support around 74.75-74.50 areas needs hold to keep
uptrend, make another push higher.
12 Nov 2012 12:29 pm
75 area holding, and can push higher as long as that doesn't break. 76.25 small
resistance then 77.50-78.00 more important area.
12 Nov 2012 12:32 pm
back after about 15-20 minute break. Lunchtime bounce should not take out 78
area, unless turning very strong
12 Nov 2012 12:43 pm
77.50-78 area reached, trend up can continue as long as 76.50 is held. Next
resistance around 79, then the 81-81.50 area for total reversal
12 Nov 2012 12:48 pm
78 is a strong barrier to clear and hold, needs to have a good bounce from above
76.50. If that's broken and not turned right back up,rolling
12 Nov 2012 01:04 pm
pullbacks held 77, a nice come back after getting to 73.50 then punching over 75
and holding.77.75 is pullback support that should hold
12 Nov 2012 01:06 pm
78.50-77.75 should not be broken now that the high has been tested. the 80 area
should have trouble holding if pulling back to support
12 Nov 2012 01:09 pm
pullback held 78.75 so far, that area can be pivotal. if held in push over 80
not reverse there could be tests of 81.50 before pulling back
12 Nov 2012 01:16 pm
no sign of a reversal unless 79 is broken. 81.25 sold, but okay if hold 80 on
pullback
12 Nov 2012 01:27 pm
so far 80 held on the pullback, needs to push higher from there.possibly reach
82.50 area. If 80 is broken then back to the 78 area likely.
12 Nov 2012 01:30 pm
81.50 was rejected in pulling back, if 80 is broken than a high should be in
place for a bit. Another pop-up likely sold
12 Nov 2012 01:33 pm
the NQ could lay this down but the ES should be headed to 79 and possibly lower
than for a bounce attempt
12 Nov 2012 01:37 pm
79.25 pullback low,resistance is around 80.50 around on ES and 2590-2591 on the
NQ, should be sold if reached, could see 77 if not
12 Nov 2012 01:44 pm
the 79 support/reversal area held so far but if this holds under 80 then heading
lower towards 78 at least. 77 should be important, 75 key S
12 Nov 2012 01:56 pm
ES holdings under 80 and almost reached the 78 level, was expecting the break to
cause roll over towards 77, but could bounce from 79 and
12 Nov 2012 01:59 pm
bounce from 79 already started, needs to stay over 79.50 if going to try for
81-82 area again where there should be sellers
12 Nov 2012 02:05 pm
we have a rollover now, would need to hold over 80 to turn bullish.This can go
to 77 and possibly 75.50-75.00 area which should be key
12 Nov 2012 02:15 pm
bounce off of 78 needs to get through 80, and then hold that area on a pullback.
If so,can poke into 81-82 area again.if not 77 still possible
12 Nov 2012 02:18 pm
a two-sided day with a good drop and a good rally, too close to high to be
aggressive long, better buying opportunity lower. Better short
12 Nov 2012 02:24 pm
better short on another pop up towards 81-82 that shows rejection or stalls out.
79.50-79 would need to turn right back up to keep up trend.
12 Nov 2012 02:28 pm
buyers backing off around 80-80.50 and a short up there, pullback must have a
good bounce from 78 at the lowest or going towards 77,or 75.50
12 Nov 2012 02:44 pm
the ES fell to 77, bounce should fail as there is good selling up there just
above 80. If 78.59 exceeded/held still can go to 55 area
12 Nov 2012 02:54 pm
stalled outat 76.50, so if theres any energy left on the upside it should come
from here.a failure to clear 78.50-79.00 keeps pressure on
12 Nov 2012 02:58 pm
looks like another pullback will get bid up, but likely not stick above 80. A
push over 78 needs to stick to get going
12 Nov 2012 03:05 pm
a push over 78, but not much gusto. A pullback should hold 77.50 on ES and 2580
area on the NQ to keep bounce going, avoid breakdown
12 Nov 2012 03:14 pm
the ES unable to put together a decent bounce even though NQ is holding 2580. A
break under that and 76.50 could accelerate
12 Nov 2012 03:15 pm
this is going to make another round trip and tests 73 or maybe lower if there is
not a bounce from 75.5-75.00.Even then a bounce should fail
12 Nov 2012 03:17 pm
the VIX is down almost 9% today, thats not bullish for the bigger picture, just
look for shorts end of day. A bounce will be sold
12 Nov 2012 03:27 pm
as long as 75.50-75.00 on the ES is held in the last 30 minutes, the market will
avoid trouble but not though too far.
12 Nov 2012 03:28 pm
if that area happens to be broken instead, then could retest 73 area but not go
much further on that side either
12 Nov 2012 03:28 pm
have a good rest of your day. I will catch you in the morning
Friday November 09, 2012
(time stamps are EST)
09 Nov 2012 09:29 am
overnight weakness down to 1363 area, another trip down there or lower to 1358
MUST hold or we are in a meltdown
09 Nov 2012 09:32 am
72.50 days reached to fill the gap from yesterday's low, the first area to get
through if there's going to be a bounce. I'll update a while
09 Nov 2012 09:41 am
needs to say over 72.50 to hold up
09 Nov 2012 09:45 am
72.50 area should be pivotal now this morning, 2574 on the NQ. If there's going
to be a turn down it should come from 7550 area
09 Nov 2012 09:49 am
75 close enough, 75-75.50 is now key resistance to clear/hold to attempt getting
out of trouble or can drop to 69.00 low or lower
09 Nov 2012 09:56 am
likely short covering bounce Econ data any minute
09 Nov 2012 09:57 am
it stays bearish unless 75-75.50 is broken and able to hold on a bounce
09 Nov 2012 10:05 am
stall at 76.50 sold, for pullback at least. 73.75-73.00 should hold on a dip or
high possibly in
09 Nov 2012 10:10 am
pullback held at 74.50, 74.50-73.75 should not be broken, or the move would roll
over. Otherwise79.50-80.50 key area up here early
09 Nov 2012 10:15 am
75.00-74.50 area is a transition area now and that needs to hold on weakness or
odds are a high would be in place. 79 should give reaction
09 Nov 2012 10:25 am
pullback from 79 held at 76.00, just above new support, and another pop higher
to the 79.25-79.75 areabut uptrend intact as long as 76 holds
09 Nov 2012 10:27 am
this is the spot that should be most important early this morning on top. The ES
has Tuesday over 1380.50 to bullish on bigger trend
09 Nov 2012 10:30 am
should be hard to get through and hold that area, good selling on the first
try.a break of 77 and start a drop back towards 75 maybe lower
09 Nov 2012 10:34 am
for those with my e-book note 60 EMA on 5 minute chart as dynamic resistance on
bigger picture timeframe.pullback to the 75 area must bounce
09 Nov 2012 10:39 am
there has been buyers on the dips, but not held long above 80. still key area to
break/hold. otherwise retest 75.50 maybe back down to 70
09 Nov 2012 10:47 am
all of the pullbacks being bought, 80 pushed through and now pullback should
hold 79.75-79.25 area to avoid pullback and continue to 84
09 Nov 2012 10:49 am
should be some selling come in on a break of that area. It shouldn't be broken
if strong, just be another dip and push higher, else topping out
09 Nov 2012 11:00 am
pullback reached 78.50, dips of 3.00-3.75 pts have been bought, if 78 broken
then it change.76.50-76 was held 3 times, stairstep up broken.
09 Nov 2012 11:18 am
pop up to 82.50, after 2-point pullback, bid back up again. needs to stay over
80 area, should be strong/pivotal R around 84 to break
09 Nov 2012 11:22 am
82.50 double top, should be it for a while on the upside, staying under 84 still
bearish bigger trend
09 Nov 2012 11:45 am
83.75-84.50 key resistance, but mkt ok as long as 79.75-79.00 area hold on a
pullback, at the lowest. Should hold 82-81.50 if pushing thru
09 Nov 2012 11:49 am
the ES was on the verge of a reversal but held on a 3.75 point pullback to
78.75. Strong over 82.
09 Nov 2012 11:53 am
if 84 is rejected, and then a break under 82, that could make for an afternoon
top. Tempting to short this zone, but a trend up day, break 1st
09 Nov 2012 11:55 am
just as soon as that was sent the ES headed lower, a bounce from 81 can keep
this alive but look potential short on pop that stops under 84
09 Nov 2012 12:02 pm
no stopping this, next pullback should hold 83-82.25 area at the lowest to keep
this in trend up mode. Another 3 pt pullback should get bid
09 Nov 2012 12:11 pm
83 held on the pullback, that could be a pivotal level if it's not held. If it
is in this takes out 85, 88 possible before some pullback
09 Nov 2012 12:21 pm
almost to 88 resistance but many fall shy, if NQ reverses from 2602 R. A
pullback should hold 84.50
09 Nov 2012 12:31 pm
almost to 88.00-80.75 area, staying over 86 keeps this in a really strong up
trend. 84.50-84.00 key support must hold or high in for a while
09 Nov 2012 12:42 pm
a high at 88..00 so far, a break of 85 that's not quickly reversed up should
mean afternoon high in place, and could go back towards 80
09 Nov 2012 12:45 pm
a number of 2.50-3.75 pt pullbacks on the way up, but no further than that
before bid right back up. That coincides with 84.50-84.00, key
09 Nov 2012 12:55 pm
pullback held at 85.50 and turn right up, bounce sold into. A drop to 84 area
likely to 88 not taken soon. Need to be away 15 minutes or so.
09 Nov 2012 01:12 pm
test of 80 and possibly 78 or lower in the cards now that the market has broken
09 Nov 2012 01:15 pm
80.25 reached,if they bounce back to 84.50 area, it should be sold. May not get
that far is headed to 78 or lower
09 Nov 2012 01:20 pm
a test of 80 on a pullback will need to hold now. A push above 84.50 area will
need to stick to get a test of the highor thereabouts
09 Nov 2012 01:24 pm
84.50 on the ES and just under 2600 on the NQ stopped the bounce, NQ testing its
last low, ES needs to turn up from 81.50 or breaks 80
09 Nov 2012 01:27 pm
could go to 78.75-78.00, and then attempt to rebound back.but if no sign of turn
from there then down to 75, possibly through 72
09 Nov 2012 01:35 pm
we have a high for the day and place at 88 and that should not be seen again
today. 75 was early high, and good buying on dips from there,
09 Nov 2012 01:37 pm
we can bounce from there but resistance around 79.50-80.50 should be sold into
if going lower. Stay with selling rallies under 88,
09 Nov 2012 01:42 pm
the market is back in some trouble it appears the rest of the afternoon, and
could cave in and take out the morning lows. If that happens
09 Nov 2012 01:45 pm
first the 72 area will need to be broken through. there will be some support
around 1366, and if that breaks then 63 area. 78.50 then 80 R
09 Nov 2012 01:47 pm
I need to be away for about 15 minutes and will update after that. if theres a
stronger rally then 82.00-82.50 good resistance
09 Nov 2012 02:14 pm
the bounce off of 74.50 stop that 79.75 and again at 79.50 and strong resistance
that needs cleared. 76.50 key/pivotal in between it looks
09 Nov 2012 02:32 pm
the move off of 76.50 pullback from 80.50 resistance, but now 79 area is support
and that is key to stay above or 76.50 could be broken
09 Nov 2012 02:36 pm
good volatility today, 80.50 is now support. If 84 area push through, could
challenge 88 high before pulling back again
09 Nov 2012 02:45 pm
84 area sold, 80.50 area still important support it appears for this can be more
than just a pullback. 79 then 75-74.58 major area end a day
09 Nov 2012 02:50 pm
bounce from 80.25 lasted about one minute and then broke lower to 79.25, prior
pullback low area. Could bounce from 79, but not stick
09 Nov 2012 02:56 pm
this is a bearish pattern, any bounce from down here will be sold, especially if
somehow run to 82-83 and stall. Otherwise 75-74.50
09 Nov 2012 03:07 pm
good reactions that resistance numbers today, but finding good dynamic
support-aside from 75 area for support-not easy.the short something
09 Nov 2012 03:07 pm
has there should be lower prices in the cards. A bounce back to 84 area or lower
should be an ideal set up should occur
09 Nov 2012 03:14 pm
holding that 76.50 gives this a shot for another run up to test 82-83, if they
run up and stall under 84 should get sold off again
09 Nov 2012 03:19 pm
saying under 80 should keep some pressure on. If that's taken out, a run to 83
still possible. It's weak under 80 and headed to 75 or lower
09 Nov 2012 03:35 pm
this can selloff and one day if unable to get back above 80. Would avoid long
until possibly Monday,
09 Nov 2012 03:36 pm
this could end up breaking through 75 and pushing much lower and make it scary
coming into Monday
09 Nov 2012 03:44 pm
holding 75 Able to keep market from crumbling late day, need a push over 80
stick to get squeeze higher.
09 Nov 2012 03:49 pm
need to bounce off of 79.25-78.50 area to continue higher. a wild week. Should
be good action next week. Have a great weekend
Thursday November 08, 2012
(time stamps are EST)
08 Nov 2012 09:24 am
we should get a good dose of volatility today. A drop to 1389 settlement from
yesterday will need bid back up quickly or test 84
08 Nov 2012 09:27 am
as long as this early pop higher rejects 94-94.50 area, more pullback coming. I
will be away for the first 20 minutes.
08 Nov 2012 09:40 am
this could fizzle out at higher pricesbut as long as 93-92.50 area holds the
market will avoid trouble. 96 important early resistance
08 Nov 2012 09:44 am
1398.75-1399.50 should be rejected if this is going to have a decent pullback.
If nothing stops it then 1402-03. 94.25 area now support
08 Nov 2012 09:52 am
97.50 sold, need to hold around 95-94.50 and turn back up to avoid deeper
pullback possibly sharp one or to 92 area at least
08 Nov 2012 09:56 am
95 bought, but this amounts feeble and shouldn't take out the high
08 Nov 2012 10:05 am
the NQ acting a bit different, if it breaks 2615 and doesn't turn right back up
it can pull the ES lower with it
08 Nov 2012 10:06 am
back down to 1392, 95 area needs cleared and held on a pullback to get a rally
attempt that has a chance to hold.
08 Nov 2012 10:15 am
not an aggressive buy up from 91.25 pullback low, that tested yesterdays late
low but bounce gets sold into. 94.50 pivotal
08 Nov 2012 10:21 am
this has the feel of the market wanting to let go on the downside and probably
test or break 84, resistance93. 50-94.50 area
08 Nov 2012 10:24 am
1388.00-1387.50 last support in the way of yesterdays lows
08 Nov 2012 10:27 am
feeble bounce from 88,92-93 area resistance on a bounce, shouldn't take that out
if going to say and steady downtrend and break 84
08 Nov 2012 10:33 am
88.00-87.50 could be a low for the morning. However,just a 15-20 minute rally,
then trend down since. 92-93 trend R needs cleared/held
08 Nov 2012 10:44 am
a bounce to 1392.00 was sold, a lower low made, bounces are not going to stick
until there's better washout, or 92 cleared/held
08 Nov 2012 10:50 am
theme today is going to be volatility. We already had a number of 4-5 point
swings on the ES. bounces not sticking, lower low bought
08 Nov 2012 11:08 am
new lows are being bought, but not sticking and falling back from 90.50 area,
key R. Another lower low near 84 should spring right back
08 Nov 2012 11:11 am
a break above 90.50 that doesn't turn right back down should start a good short
squeeze. Otherwise, if theres a test of the low hit should
08 Nov 2012 11:12 am
bounce back immediately, or else could break down under 84, and possibly go for
low 80s, 76 still not impossible but a ways away
08 Nov 2012 11:21 am
may not snap back so easily this time, but if it does still need a move over
90.50 to get upside going
08 Nov 2012 11:31 am
token lower low at 85.50was quickly turned back up, like all of the other lows
it gave a quick snap back. This one has a chance to stick
08 Nov 2012 11:33 am
86.75 should hold or give a bounce if there is going to avoid another test/break
of the low. That could be near 84, another snap back likely
08 Nov 2012 11:36 am
can bounce, but that should also fail until it works its waydown to 84 and
possibly a breakdown towards 76 before end of day
08 Nov 2012 11:41 am
84.50 low so far, downside beginning to lose some momentum, but still choppy
trend down day unless break/hold over 89.75-90.50 area.
08 Nov 2012 11:50 am
should stay under 88.25 and breakdown soon if downside going to keep dominance
and not break out to the upside
08 Nov 2012 11:51 am
just a heads up, I will be away for roughly an hour this afternoon from around
12:10 PM until 1:10 PM. suspect the market to stay volatile
08 Nov 2012 12:07 pm
the ES reached 1388.75, didn't stick, should try to either double bottom around
84, or looking less likely but still possible,drop to 76
08 Nov 2012 12:10 pm
89.75-90.50 area still looks like he resistance if a decent bounce, but even
though market bid up at new low, can get momentum if 84 broken
08 Nov 2012 12:11 pm
watch resistance for selling, and a reversal from lower levels for a snap back
bounce. Just be sure there's a turn up.Bears still in control
08 Nov 2012 12:11 pm
back in about an hour or the next update
08 Nov 2012 01:09 pm
the ESmade a lower low just under 82.50, the bottom of that84-82.50 zone. Market
not acting well, just sell the next bounce if not short
08 Nov 2012 01:10 pm
the 20 EMA on the 5-minute chart (day session only) acting as dynamic resistance
on all bounces since breaking down under 93.25
08 Nov 2012 01:25 pm
I'm beginning to think that reaching 1376 is going to be in the cards, and
that's going to be major where the market must bounce or get
08 Nov 2012 01:25 pm
panic selling, possibly fall to low 70s, or even into the 1360s
08 Nov 2012 01:26 pm
let's see how the market reacts off of 76, also watched 1380 on the S&P 500
cash, 200 day average. 81 resistance now
08 Nov 2012 01:36 pm
so far the 76 level was just missed, but does it mean a bottom is in the way
this is acting.a push over 82.50 into dent downside momentum
08 Nov 2012 01:40 pm
break back under 80should start a test of the low or lower. This bounce just ran
out of steam like the others, if no rollover things may change
08 Nov 2012 01:51 pm
watch 82.50-83.54 resistance on this move, that is breakdown area and 20 EMA on
5 minute chart which has been a good trend guide. 79.50 S
08 Nov 2012 01:59 pm
82.50-83.50 area reached, a pullback needs to stay over 1381
08 Nov 2012 02:02 pm
84.50 should be high and see a pullback to 82-81 or maybe lower if the market is
going to collapse again. If that's held instead 1 more pop
08 Nov 2012 02:07 pm
holding just above 81, came bounce here. But if so beware because next pop
should be sold intoand head back down
08 Nov 2012 02:19 pm
pullback held at 81.25, but the bounce failed so far and should lead to a
breakdown unless 84 prior support exceeded/held
08 Nov 2012 02:20 pm
staying under the 84 area keeps the market under pressure and in a very bearish
position, so market still a short under that area
08 Nov 2012 02:34 pm
should be within a day or so of making a trading bottom of some sort. Just for a
snap back rally. But today still is "sell bounces" at least
08 Nov 2012 02:35 pm
as long as 1384 area not exceeded and held on a pullback.could retest and maybe
break the lows
08 Nov 2012 02:35 pm
next update in about 15 minutes or so
08 Nov 2012 02:51 pm
this move shouldn't run up and take out 84-84.50, if it does then it potential
for a low. That area key resistance in the last hour.
08 Nov 2012 02:58 pm
80.50 could be pivotal late in the day. If broken and not quickly reversed up,
then there would be pressure on. Still bearish under 84 area
08 Nov 2012 03:02 pm
pop-ups just cannot stick or get any buying interest other than what looks like
short covering at new lows,very bearish action, 84 key R
08 Nov 2012 03:08 pm
there are no signs of a turnaround to the upside, could continue selling off to
a new low possibly around 3:30 PM, then possible bounce
08 Nov 2012 03:16 pm
80.50 area has been bid up on last 3 pullbacks, 82.25 82.50 sold on 4 popups.
80.50 breaks without quick reversal, 77-76 possible. If a
08 Nov 2012 03:17 pm
push above 82.50, then watch 1384-1384.50 area for key resistance on a bounce.
Should be rejected to stay in a very bearish position
08 Nov 2012 03:19 pm
better opportunities on Friday. Indicators could be at extreme oversold
condition and set up decent bounce, but need to see confirmation.
08 Nov 2012 03:20 pm
have a good rest of your day, I will catch you tomorrow morning. Should be a
good trading day in front of semi-holiday weekend. Take care
08 Nov 2012 04:00 pm
collapsing into the close, overnight would need to bounce over 1380 and stick
just to attempt a bounce. 72 area next
Wednesday November 07, 2012
(time stamps are EST)
07 Nov 2012 11:19 am
this can go to 1388 area or lower as long as 1395 isn't broken/held. would need
to bounce from there.trend down day short bounces
07 Nov 2012 11:27 am
staying under 92.50-93.00 keeps pressure on, 1388 might give a bounce but
careful picking bottoms. I will leave the pun alone. ;)
07 Nov 2012 11:31 am
if you bought some put options yesterday, they might be a keeper for a collapsed
towards 84.00-82.50 area. Under that, 1378 on the cash
07 Nov 2012 11:34 am
84.00-82.50did give a bounce, a test of that area that reverses back up can give
a scalp on the long side. Otherwise, bounce should fail
07 Nov 2012 11:35 am
at higher prices to sell into again
07 Nov 2012 11:39 am
the NQ could be the better trade on the long side if it can retest/turn up from
2600-2598 area. 84.00-82.50 zone might mark the low
07 Nov 2012 11:41 am
next update in about 20 minutes, lunch time low should be in place. If not, then
we get a late day plunge towards 76 on S&P 500 cash
07 Nov 2012 12:01 pm
so far a bounce to 92.50-93.00 resistance. A pullback should hold 90.50-89.00
area, otherwise breaking down again by breaking new uptrend
07 Nov 2012 12:03 pm
if that92.50-93 is exceeded/ held they could run up to 95.50-96.50 area before
pulling back
07 Nov 2012 12:12 pm
a short hundred 93 as they have run out of gas on this bounce and should pull
back, the NQ could lead. if get over 93, low me be in
07 Nov 2012 12:18 pm
the market has been catching a bid on all of the dips after bouncing from the
84.00-82.50 zone and now as long as 91 is held up trend intact
07 Nov 2012 12:22 pm
and could pop up to 95, possibly up to 97-98 area if this gets some momentum and
can break/hold 95 area with a bit of gusto. 1402-1403 very strong
07 Nov 2012 12:55 pm
95 was tested but not able to push through that level, if there is a drop back
under 1391 then the downtrend continues and could
07 Nov 2012 12:56 pm
possibly retest the 84.00-82.50 zone and possibly lower.that would be the last
leg down before a good bounce the way this appears
07 Nov 2012 01:04 pm
still a good bid on the dips, and just a 2.25 point pullback. There still needs
to be a break under 92.50 not quickly reversed back up
07 Nov 2012 01:07 pm
a pullback to 94 area should hold now, 97.58 resistance but likely going to test
1402 area if 94 area holds
07 Nov 2012 01:20 pm
as long as the ES can hold aroun 94.50 area, a chance to snap back a bit
07 Nov 2012 01:30 pm
95 area was a resistance, now acting as support. Must stay over that or go to 92
area again. Possibly retest low or lower
07 Nov 2012 01:34 pm
pullback held at 95.50, I think that staying under 1398 area on the ES and
around 2622 on the NQ will keep pressure on
07 Nov 2012 01:36 pm
they have held around 95 on the pull back, but to really begin proving some
strength and turning momentum around,need to push through those
07 Nov 2012 01:37 pm
areas and stick, pick up some momentum in a run to 1402 area. If that happens
odds better of a low in-place for the move down
07 Nov 2012 01:45 pm
a bit of a double top at 98.25-98.50, now must hold 95 area to avoid another leg
down. if 95 not held, 92-91.50 next support. 1402 next R
07 Nov 2012 02:05 pm
95 has been holding after being rejected from 98.50-98.25 area several times. if
going to avoid a late drop 95 needs breakout/hold over 98
07 Nov 2012 02:15 pm
a pop up one tick above the prior 98.25-98.50 double top instantly sold, needs
to have a strong push through that, or else ranged break
07 Nov 2012 02:16 pm
will come on the downside for a switch under 95, and if not quickly turned back
up good return to 92-91.50 and maybe back towards 84 area
07 Nov 2012 02:18 pm
and possibly down to a major area around 1376 (cash and futures) before a bottom
will be put in. If that occurs over next day or 2,
07 Nov 2012 02:20 pm
internal gauges could also be in buy position for a strong rally. Pull back to
95.50 so far and trying to hold, key "cigar pattern" support
07 Nov 2012 02:33 pm
traded sideways since around 1 PM. under 95 breaking down, next bounce should
fail under 98 and we should at least test 92 area,
07 Nov 2012 02:49 pm
so far the pullback reached 92.75,the 92-91.50 area is a small "last trapped" if
thats the scan head back towards the 84 low today/tomorrow
07 Nov 2012 02:52 pm
that should say "and if thats broken can headback towards 84". Trying to improve
this voice software. pressure on under 95, pivotal area
07 Nov 2012 03:06 pm
they bounced from above and 92, that 92 area key end of the day. Theres a
breakdown if broken not quickly reversed. Bounces still shorted
07 Nov 2012 03:07 pm
an ideal set up for a bottom would be late selloff that carries over into
Thursday morning, reaches 1380 on the S&P 500 cash and 1376 on ES
07 Nov 2012 03:07 pm
That would be that an important price area, while internal gauges get stretched
on oversold side, should give 20 or so point bounce from there
07 Nov 2012 03:11 pm
there has been buying from 93.50-92.75, a break under that area in the last hour
needed push this down and have a poor close.
07 Nov 2012 03:29 pm
support area around 93.50-92.75 should not be broken at the end of the day or
the market opens lower tomorrow morning. At the moment 1402
07 Nov 2012 03:30 pm
area could be in the cards if it can get over 1400 again and not come right back
down. 1400 should be important
07 Nov 2012 03:31 pm
97 area small support on pullback to keep up trend going, 95.50 area also small
support
07 Nov 2012 03:33 pm
would be careful jumping for a late run up, could evaporate in a hurry. Staying
under 1400 should keep some pressure on.
07 Nov 2012 03:33 pm
have a good rest of your day. I will catch you around the open tomorrow morning,
Tuesday- November 06, 2012
(time stamps are EST)
06 Nov 2012 09:01 am
so far just another small pullback, but must hold 1410 now to avoid a late day
drop. have a good rest of your day.
06 Nov 2012 09:24 am
the ES held 10-09.50 in overnight trading, and is not far from 19-20 area which
should be very strong. There should be pullback from here
06 Nov 2012 09:29 am
1415.50 was a resistance, if not held as supportHowe them a test of 13-12 would
need to hold or could retest 1410 key support no today
06 Nov 2012 09:40 am
a pretty good pop from 15 to 19-20. Shouldn't hold over that, or 22.50 Should
have volatility today, 15 area key support early
06 Nov 2012 09:44 am
the NQ hasn't taken out yesterday's high, ES sold at 19-20 zone, but has support
at 17 that needs to break,hold under.
06 Nov 2012 09:45 am
a short around 19 should have a tight stop, the high should be in that there is
going to be a decent pullback.
06 Nov 2012 09:50 am
16.25-15.50 prior resistance now support, need a break/hold under that zone
before any damage done
06 Nov 2012 09:51 am
caught in range between resistance and support, sell resistance with tight stop
or by near support if that stalls out. Still favor pullback
06 Nov 2012 10:01 am
a quick drop to 16.50 was bid right back up to 19.50. A dip should hold 18 at
worst to keep upside momentum,
06 Nov 2012 10:05 am
pullback bounce off of 18, that should be a key level now. Momentum can turn if
that's not held.
06 Nov 2012 10:07 am
scaling into shorts up here for some pullback to test 16.25-15.50 area, the NQ
weaker and three tops around 2672-73
06 Nov 2012 10:17 am
pullback to 17.00 so far, buyers are backing off and longs hitting exit at
19-20. Would need pushed through along with 2668 on NQ
06 Nov 2012 10:22 am
so far pullback held just over 16.25-15.50, - that area needs held to keep a
rally going
06 Nov 2012 10:29 am
16.25 support tested, 13-12 area a key support on further pullback. bounce gets
sold into, a deeper pullback should catch a bid near 13-12
06 Nov 2012 10:36 am
a test of 13-12 would need to stall out, or quickly get bid right back up, for
it to be a decent low.
06 Nov 2012 10:44 am
staying over 15 needed to keep the market from going back into yesterdays
trading range. As long as held, no damage done to uptrend, however
06 Nov 2012 10:47 am
a push through 19-20 needs to stick. If it does 22.50 should be seen. Otherwise
pullback 18-17.50 should hold to keep uptrend going
06 Nov 2012 10:57 am
1420 was touched but no follow-through, pullback to 17.75, needs a bounce
quickly for a top is in. likely have anyhow, if not 22.50 possible
06 Nov 2012 11:15 am
hold 17.50 held, but should be sellers @19-20. but no damage done as long as
17.50 is held
06 Nov 2012 11:21 am
Would need a hold over 20, and NQ over 2672, or could be topping up here
06 Nov 2012 11:30 am
the ES has been trading sideways between 20.00 and 17.50 for over 40 minutes,
Pop over 20 would need to stick. 17.50 trend support
06 Nov 2012 11:39 am
24.25 should be a top for a pullback, 21.75 area support, then 20-19.50 strong
area could be trend up a at least until Noon
06 Nov 2012 11:44 am
I will need to be away for about 30-40 minutes this afternoon, probably around
12:10 PM. if this can hold at 22.50 area on a dip
06 Nov 2012 11:45 am
then we could see 1428 area tested on this move up, don't they did this
06 Nov 2012 11:56 am
after going sideways between 20.00 10 to 17.54 almost an hour, the breakout put
a squeeze on shorts. 20-19 is no key support, and 15 major
06 Nov 2012 12:02 pm
1427.50-1428.50 the last listed resistance and looks like it can be tested, if
so then pullback should hold 25.50
06 Nov 2012 12:09 pm
that's going to be a high if theres no bounce from 27 area, 2685 on the NQ. a
bounce there though could give another pop.
06 Nov 2012 12:12 pm
pullback held 27 so far, this area needs to hold or there is going to be a
decent pullback
06 Nov 2012 12:20 pm
the 26.75 level reached on a dip, so far just 1 pt bounce from there. Buyers
stepping back 24.75 support next
06 Nov 2012 12:30 pm
I will be away for a while. A noon high in place, the pop from 26.75 didn't
stick, but still holding. 25.75 a key area to keep dips buyable
06 Nov 2012 12:58 pm
when 25.75 was broken, quick drop to 24.25, buyers from above feeling trapped
and a bit nervous it appears. the high just 3 ticks over 28.50
06 Nov 2012 01:01 pm
and it wasn't held above for long. For now, market vulnerable unless 25.75
exceeded/held on a dip. 20 area key support now
06 Nov 2012 01:12 pm
pop up sold into, pullbacks have been well contained but as long as the stays
under 27.50-28.50 it's vulnerable, 24 and then 20 support
06 Nov 2012 01:20 pm
they could get bid up from 24 area, but should be sold into. if a break of 24
should go to 22.50, possibly back to 1420 area
06 Nov 2012 01:28 pm
this has been hugging the 20 EMA on a 5-minute chart around 24.50, should be
sold around 28, if not then could test high
06 Nov 2012 01:49 pm
the ES almost made it to 28, but was turned down a bit. but long as 26.50-26
isn't broken little uptrend continues
06 Nov 2012 02:01 pm
just a small pullback, but from the 27.50-28.50 resistance area which has been a
lid on the market all day. another pullback to 24.50-24.00
06 Nov 2012 02:02 pm
could be tested and that would need to give a quick bounce if going to avoid
potential rollover towards 20 area
06 Nov 2012 02:12 pm
almost to the 24.50-24.00 support area, needs to bounce there or 22.50 can be in
the cards. a decent bounce likely sold into. Double top on
06 Nov 2012 02:15 pm
the Dow cash, and the ES around 28.50 area. I'm feeling a bit under the weather
this afternoon, going to take a 30 minute break
06 Nov 2012 03:04 pm
ES pulled back to the 60 EMA on the 5 -minute chart,but still has the
27.50-28.50 zone to get through to end the day strong, 20 area next
06 Nov 2012 03:18 pm
if this stays under 25.50, its open to a late day push back towards 20 before a
bounce back occurs. If thats taken out instead, 27.50-28.50
06 Nov 2012 03:20 pm
get tested again. Wouldnt hold overnight unless it happens to be a small
position in some put options or volatility spread
06 Nov 2012 03:21 pm
Thats about it. I will see you here tomorrow sometime around noon, hopefully not
long after that but we'll see. Have a nice day
Monday- November 05, 2012
(time stamps are EST)
05 Nov 2012 09:22 am
the ES traded up to 09.50, just under the 10-11 trend down resistance,back down
to 1403 pre-open. Another drop to 1403-02 holds or trouble
05 Nov 2012 09:23 am
I will update in about 15 minutes. We get some Econ data top of the hour
05 Nov 2012 09:32 am
probably will go down in test 1403-1402 area and see if market is going to cave
in or rally back as long as holds under 1407
05 Nov 2012 09:34 am
if that's pushed through instead, then short covering up to 1410-1411 area
possible before coming back down again. 1407-1407.57 pivotal early
05 Nov 2012 09:37 am
can go back under 05 if they don't clear 1407.75 and stay up there
05 Nov 2012 09:42 am
NQ the stronger average,needs to get above 2660. need to get the Dow cash back
above 13100 to get the blue chips turned up, still vulnerable
05 Nov 2012 09:47 am
buyers backing away but can get short covering bounce from 1403-1402, if no sign
of a bounce there then 1397 possible. 1406 resistance
05 Nov 2012 09:53 am
a bounce from 1403.50, 2647 on the NQ a transition area there. Staying under
1406 should keep some pressure on to break those lows
05 Nov 2012 09:57 am
economic data top of the hour, 1403 low so far but still vulnerable unless 1406
exceeded/held, not just pop over and turn down again
05 Nov 2012 10:06 am
bounce failed at 1406.00, turned up from 1403.75, back to 1406.00, pressure and
less exceeded/held. to 1403-1402 or lower
05 Nov 2012 10:11 am
trying to hold 1403, can bounce here but still need to push over 1406 with some
g