For Wednesday:
Roger Felton will be hosting a seminar tomorrow showcasing his automated trading system "OttO."
He will be giving an overview of "OttO's" operation and talk about automated trading systems in the emini markets - there will be a chance to see his system in action.
Come see this presentation Wednesday, Mar 26th at 4:30pm ET - 3:30pm Central
To Register for this seminar - click here http://www.feltontrading.com/
You will also get the opportunity to see "Otto" for an entire week after this seminar. Felton Trading will set you up for a free trial in their chatroom. Check it out!
Market Analysis
The eMini's broke on Consumer Confidence this morning. This is to be expected, there is a lot to be bearish about and that is why I'll sell the rallies when I can. New Home Sales are out tomorrow and I'll bet the report is not as good as Existing Home Sales were as reported on Monday. The clear reason why home sales were up was that these houses are going for CHEAP!
Not something to hold your hopes to, but it seems in General, the market is.
The downward move on the open was high volume - the midday to afternoon rally was low volume - big money is waiting for bad news to sell.
From the TradeMaven Software, Pivot/Support/Resistance for 26 Mar:
Upcoming Reports:
Wednesday:
New Home Sales 10:00 ET
Thursday:
GDP (final) 8:30 ET
Corporate Profits 8:30 ET
Jobless Claims 8:30 ET
Friday:
Personal Income and Outlays 8:30 ET
Consumer Sentiment 10:00 ET
What is Inside Edge?
A comprehensive trader’s education forum focused on e-Mini S&Ps and U.S. Treasury Bond Futures. TradeMaven’s Inside Edge features the necessary analytics and execution information in one place to speed up your decision process, keep you on the right side of the market, and eliminate so much of the noise that surrounds trading today. This unique forum is the brainchild of Charles Cochran – a trading pro who has spent the last 15 years fine-tuning a proven methodology that eliminates extraneous information and concentrates on the market activity that matters: the market activity that foretells the market's next move.
