Tuesday, March 11th is the LAST day of the TradeMaven Inside Edge OPEN HOUSE.
Join us in the Chatroom Tomorrow (Tuesday) morning at http://www.trademaven.omnovia.com/tmaven .
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No password is needed -
Participants for the Afternoon Training Class will be given a password during the trading session.
Sample Research by Charles Cochran:
Another strong day up in the Bond. The focus has shifted back to recession. The news for equities was uniformly bad over the weekend. Crude traded to 107.00+ too. Consumer spending will be pressured some more. It takes positive news to get to the top of a bracket. If the Bond starts trading above 119-00, you can make a case for an uptrend. Little in the way of news tomorrow. Trade deficit has settled into around 60.0 Byn a month. A 10Y auction on Thursday should keep the Dealer community on the sidelines too. So think the Bond can trade higher into the auction with usual twists and turns. AS l;ong as the ES is being sold, I want to be long the Bond.
F1 Comments: The Bond is getting close to its bracket high at 119-00, basis June. If 119-00 changes from resistance to support, I will be able to make the case for an uptrend.
F2 Comments: The ES weakened and the Bond rallied. In fact, you could make the case that the Bond was actually more volatile than the ES, especially when the Bond rallied to 118-24+. The selling into the close was probably long liquidation giving the swings off the news. The close was strong for the day’s range too. The key tomorrow will be whether the market can take out 119-00 or not. It is the top of the current bracket. If it holds, the market is set to drift back into the middle of the bracket. Down to news and ES’s reaction to this news. Tomorrow’s calendar is light w/only Trade Deficit estimated at -60.0Byn. If the OVN news holds the ES sideways to lower, we want to get long tomorrow and see if 119-00 can be taken out. IF not, will consider a short. Aggressive buy is 118-09 OB. Back up buy is 118-01 OB. Market has to take out 118-20 then 118-27 to stick with this trade. Failure to take out and hold 118-27 will turn us to the short side of the market.
F4 Comments: Be a buyer on ES weakness. Multiple buying opportunities.From the Trademaven Software, Volume Weighted Pivot/Support and Resistance for Tuesday:
