After the close I will be giving a seminar on Understanding Market Profile.
Here is a sample of the research our participants receive on a daily basis as part of the TradeMaven Inside Edge:
From Charles Cochran - Interesting day. Market tried to trade higher all day until the heavy selling late in the session when the Bond broke hard hitting 117-065 before the selling was over. I couldn’t find any news to tie to the selling. The bracket held 2 days ago and those that saw that hit the bids all the way down after lunch. The close was weak. If the ES doesn’t sell off in the OVN session, want to be a seller for tomorrow’s first trade. Some news to drive the trading—ADP Employment Index and ISM Services should be the market’s focus.
F1 Comments: The top of the bracket basis June at 119-00±. Market’s bias remains a bracket, perhaps a downtrend in a bracket, if the selling continues tomorrow.
F2 Comments: Will tomorrow bring more selling? The question of the moment. Couldn’t find any news to tie to the selling. Someone entered the market in size and it showed. When 118-11 held on the rebound, the selling accelerated and didn’t stop until 117-065 was touched. Short covering closed the market at 117-15. Could see some new buying OVN too, if the equity market news brings in new selling in the ES, the Bond can rally back. Some news tomorrow that could affect prices. ADP’s Private Sector Employment number is expected at 18,000 and ISM Services at 48.5. If the ES is sideways, to higher, want to sell 117-23 OB. Preferred sell zone is 117-27/31. May not get there. If 117-8/12 holds on the retest, OK to get long w/an exit, if 117-24/28 is then rejected.
F3 Comments: Analysis was to buy 118-01/05. Multiple buy opportunities throughout the session.
From the TradeMaven Software, Volume Weighted Pivot Support and Resistance for Wednesday 5 March:
F2 Comments: Will tomorrow bring more selling? The question of the moment. Couldn’t find any news to tie to the selling. Someone entered the market in size and it showed. When 118-11 held on the rebound, the selling accelerated and didn’t stop until 117-065 was touched. Short covering closed the market at 117-15. Could see some new buying OVN too, if the equity market news brings in new selling in the ES, the Bond can rally back. Some news tomorrow that could affect prices. ADP’s Private Sector Employment number is expected at 18,000 and ISM Services at 48.5. If the ES is sideways, to higher, want to sell 117-23 OB. Preferred sell zone is 117-27/31. May not get there. If 117-8/12 holds on the retest, OK to get long w/an exit, if 117-24/28 is then rejected.F3 Comments: Analysis was to buy 118-01/05. Multiple buy opportunities throughout the session.From the TradeMaven Software, Volume Weighted Pivot Support and Resistance for Wednesday 5 March:
