Unemployment Situation on Friday will be a prime mover.
Volume is skewed towards the low side as the weak rally off the FOMC announcement was rejected and sellers took over the market. Downside is the bias for the morning.
From the TradeMaven Software, Volume Weighted Pivot, Support and Resistance for 1May:
Upcoming Reports:
Thursday
Motor Vehicle Sales
Personal Income and Outlays 8:30 ET
Jobless Claims 8:30 ET
ISM Mfg Index 10:00 ET
Construction Spending 10:00 ET
EIA Natural Gas Report 10:30 ET
Money Supply 4:30 ET
Friday
Employment Situation 8:30 ET
Factory Orders 10:00 ET
Wednesday, April 30, 2008
Tuesday, April 29, 2008
For Wednesday
FOMC Announcement Day!
From the TradeMaven Software, Volume Weighted Pivot, Support and Resistance for 30April:
Upcoming Reports:
Wednesday
ADP Employment Report 8:15 ET
GDP (advance)8:30 ET
NAPM-Chicago 9:45 ET
FOMC Announcement 2:15 ET
Thursday
Motor Vehicle Sales
Personal Income and Outlays 8:30 ET
Jobless Claims 8:30 ET
ISM Mfg Index 10:00 ET
Construction Spending 10:00 ET
EIA Natural Gas Report 10:30 ET
Money Supply 4:30 ET
Friday
Employment Situation 8:30 ET
Factory Orders 10:00 ET
From the TradeMaven Software, Volume Weighted Pivot, Support and Resistance for 30April:
Upcoming Reports:
Wednesday
ADP Employment Report 8:15 ET
GDP (advance)8:30 ET
NAPM-Chicago 9:45 ET
FOMC Announcement 2:15 ET
Thursday
Motor Vehicle Sales
Personal Income and Outlays 8:30 ET
Jobless Claims 8:30 ET
ISM Mfg Index 10:00 ET
Construction Spending 10:00 ET
EIA Natural Gas Report 10:30 ET
Money Supply 4:30 ET
Friday
Employment Situation 8:30 ET
Factory Orders 10:00 ET
Monday, April 28, 2008
For Tuesday
Did not trade much higher than the the 1402 area; there is a major resistance at 1407 - if we can find buyers we'll head much higher - the question is what is it going to take. A rate cut from the FOMC may facilitate this.
From the TradeMaven Software, Volume Weighted Pivot, Support and Resistance for 29 April:
Upcoming Reports:
Tuesday
FOMC Meeting Begins
ICSC-UBS Store Sales 7:45 ET
Redbook 8:55 ET
Consumer Confidence 10:00 ET
Wednesday
ADP Employment Report 8:15 ET
GDP (advance)8:30 ET
NAPM-Chicago 9:45 ET
FOMC Announcement 2:15 ET
Thursday
Motor Vehicle Sales
Personal Income and Outlays 8:30 ET
Jobless Claims 8:30 ET
ISM Mfg Index 10:00 ET
Construction Spending 10:00 ET
EIA Natural Gas Report 10:30 ET
Money Supply 4:30 ET
Friday
Employment Situation 8:30 ET
Factory Orders 10:00 ET
From the TradeMaven Software, Volume Weighted Pivot, Support and Resistance for 29 April:
Upcoming Reports:
Tuesday
FOMC Meeting Begins
ICSC-UBS Store Sales 7:45 ET
Redbook 8:55 ET
Consumer Confidence 10:00 ET
Wednesday
ADP Employment Report 8:15 ET
GDP (advance)8:30 ET
NAPM-Chicago 9:45 ET
FOMC Announcement 2:15 ET
Thursday
Motor Vehicle Sales
Personal Income and Outlays 8:30 ET
Jobless Claims 8:30 ET
ISM Mfg Index 10:00 ET
Construction Spending 10:00 ET
EIA Natural Gas Report 10:30 ET
Money Supply 4:30 ET
Friday
Employment Situation 8:30 ET
Factory Orders 10:00 ET
Sunday, April 27, 2008
Busy Week Ahead
For Monday:
The FOMC meets this week and Unemploymnent Situation is on Friday; events you can't miss.
THe emini finally got above 1400 on a late rally friday afternoon. Most of the volume Friday had been concentrated at the low 1390's. The last hour of the market had seen accelerating volume at 1398. Buys the dips if we can start Monday off by rallying through the 1400 area low volume. If we can make it past that area we'll start a climb up to 1420.
From the TradeMaven Software, Volume Weighted Pivot, Support and Resistance for 28 April:
Upcoming Reports:
Tuesday
FOMC Meeting Begins
ICSC-UBS Store Sales 7:45 ET
Redbook 8:55 ET
Consumer Confidence 10:00 ET
Wednesday
ADP Employment Report 8:15 ET
GDP (advance)8:30 ET
NAPM-Chicago 9:45 ET
FOMC Announcement 2:15 ET
Thursday
Motor Vehicle Sales
Personal Income and Outlays 8:30 ET
Jobless Claims 8:30 ET
ISM Mfg Index 10:00 ET
Construction Spending 10:00 ET
EIA Natural Gas Report 10:30 ET
Money Supply 4:30 ET
Friday
Employment Situation 8:30 ET
Factory Orders 10:00 ET
The FOMC meets this week and Unemploymnent Situation is on Friday; events you can't miss.
THe emini finally got above 1400 on a late rally friday afternoon. Most of the volume Friday had been concentrated at the low 1390's. The last hour of the market had seen accelerating volume at 1398. Buys the dips if we can start Monday off by rallying through the 1400 area low volume. If we can make it past that area we'll start a climb up to 1420.
From the TradeMaven Software, Volume Weighted Pivot, Support and Resistance for 28 April:
Upcoming Reports:
Tuesday
FOMC Meeting Begins
ICSC-UBS Store Sales 7:45 ET
Redbook 8:55 ET
Consumer Confidence 10:00 ET
Wednesday
ADP Employment Report 8:15 ET
GDP (advance)8:30 ET
NAPM-Chicago 9:45 ET
FOMC Announcement 2:15 ET
Thursday
Motor Vehicle Sales
Personal Income and Outlays 8:30 ET
Jobless Claims 8:30 ET
ISM Mfg Index 10:00 ET
Construction Spending 10:00 ET
EIA Natural Gas Report 10:30 ET
Money Supply 4:30 ET
Friday
Employment Situation 8:30 ET
Factory Orders 10:00 ET
Thursday, April 24, 2008
For Friday
The volume trading for Thursday was concentrated at 1392.
Throughout the afternoon volume are accumulating at the higher end of the day's trading range. If volume continues to build as prices go higher then start buying the low volume pull backs. If the volume is slow in reaching highs sell against the resistance.
Consumer sentiment is likely to have a bearish impact. - JK
From the TradeMaven Software, Volume Weighted Pivot - Support - Resistance Numbers for 25 April:
Upcoming Reports:
Friday
Consumer Sentiment 10:00 ET
Throughout the afternoon volume are accumulating at the higher end of the day's trading range. If volume continues to build as prices go higher then start buying the low volume pull backs. If the volume is slow in reaching highs sell against the resistance.
Consumer sentiment is likely to have a bearish impact. - JK
From the TradeMaven Software, Volume Weighted Pivot - Support - Resistance Numbers for 25 April:
Upcoming Reports:
Friday
Consumer Sentiment 10:00 ET
Wednesday, April 23, 2008
For Thursday
Volume continues to develop lower. Stick With That bias; sell the rallies.
Keeping it brief this evening. - JK
From the TradeMaven Software, Volume Weighted Pivot - Support - Resistance Numbers for 24 April:
Upcoming Reports:
Thursday:
Durable Goods Orders 8:30 ET
Jobless Claims 8:30 ET
Help Wanted Index 10:00 ET
New Home Sales 10:00 ET
EIA Natural Gas Report 10:30 ET
Friday
Consumer Sentiment 10:00 ET
Keeping it brief this evening. - JK
From the TradeMaven Software, Volume Weighted Pivot - Support - Resistance Numbers for 24 April:
Upcoming Reports:
Thursday:
Durable Goods Orders 8:30 ET
Jobless Claims 8:30 ET
Help Wanted Index 10:00 ET
New Home Sales 10:00 ET
EIA Natural Gas Report 10:30 ET
Friday
Consumer Sentiment 10:00 ET
Tuesday, April 22, 2008
For Wednesday
Earnings Reports are the primary movers of the eMini S&P for short term traders.
That's fundamental analysis, the news reports hit the wire to spark scalpers - but don't follow it. A major move to 1400 will be done only on exhaustion buying volume.
So far buyers can only bring the market back up to the pivot. The Sellers then take over.
The heaviest ares for trading have dropped steadily since Friday - I'll stick with that bias.
From the TradeMaven Software, Volume Weighted Pivot - Support - Resistance Numbers for 23 April:
Upcoming Reports:
Wednesday:
EIA Petroleum Status Report 10:30 ET
Thursday:
Durable Goods Orders 8:30 ET
Jobless Claims 8:30 ET
Help Wanted Index 10:00 ET
New Home Sales 10:00 ET
EIA Natural Gas Report 10:30 ET
Friday
Consumer Sentiment 10:00 ET
That's fundamental analysis, the news reports hit the wire to spark scalpers - but don't follow it. A major move to 1400 will be done only on exhaustion buying volume.
So far buyers can only bring the market back up to the pivot. The Sellers then take over.
The heaviest ares for trading have dropped steadily since Friday - I'll stick with that bias.
From the TradeMaven Software, Volume Weighted Pivot - Support - Resistance Numbers for 23 April:
Upcoming Reports:
Wednesday:
EIA Petroleum Status Report 10:30 ET
Thursday:
Durable Goods Orders 8:30 ET
Jobless Claims 8:30 ET
Help Wanted Index 10:00 ET
New Home Sales 10:00 ET
EIA Natural Gas Report 10:30 ET
Friday
Consumer Sentiment 10:00 ET
Monday, April 21, 2008
LAST DAY
Tuesday is the last days of the TradeMaven Inside Edge OPEN HOUSE.
Join me in the TradeMaven Chatroom starting at 8:30 am ET
No password is necessary - Click here to enter!
Charlie's Comments:
The market traded according to our analysis until 116-04 was retested the second time. 116-04 proved to be good support and as the day progressed the shorts began to cover. This took the market to new intraday highs into the close. If the ES continues to trade sideways or lower, the Bond is set to trade higher. No news tomorrow to drive the trading. The focus should remain the direction of the ES. The recent low at 115-135 could have been the retest of the bracket’s lows from 2/25/08.
Josh's 2 Cents:
Low volume bounds the market around 1386. Volume is going to be attracted to that area. Look to trade the range aroung this area. Low volume moves to the north or sounth is going to be followed by a return to the mode - Volume accelerating at the edges should not be faded.
From the TradeMaven Software, Volume Weighted Pivot - Support - Resistance Numbers for 22 April:
Upcoming Reports:
Tuesday
ICSC-UBS Store Sales 7:45 ET
Redbook 8:55 ET
Existing Home Sales 10:00 ET
State Street Investor Confidence Index 10:00 ET
Wednesday:
EIA Petroleum Status Report 10:30 ET
Thursday:
Durable Goods Orders 8:30 ET
Jobless Claims 8:30 ET
Help Wanted Index 10:00 ET
New Home Sales 10:00 ET
EIA Natural Gas Report 10:30 ET
Friday
Consumer Sentiment 10:00 ET
Join me in the TradeMaven Chatroom starting at 8:30 am ET
No password is necessary - Click here to enter!
Charlie's Comments:
The market traded according to our analysis until 116-04 was retested the second time. 116-04 proved to be good support and as the day progressed the shorts began to cover. This took the market to new intraday highs into the close. If the ES continues to trade sideways or lower, the Bond is set to trade higher. No news tomorrow to drive the trading. The focus should remain the direction of the ES. The recent low at 115-135 could have been the retest of the bracket’s lows from 2/25/08.
Josh's 2 Cents:
Low volume bounds the market around 1386. Volume is going to be attracted to that area. Look to trade the range aroung this area. Low volume moves to the north or sounth is going to be followed by a return to the mode - Volume accelerating at the edges should not be faded.
From the TradeMaven Software, Volume Weighted Pivot - Support - Resistance Numbers for 22 April:
Upcoming Reports:
Tuesday
ICSC-UBS Store Sales 7:45 ET
Redbook 8:55 ET
Existing Home Sales 10:00 ET
State Street Investor Confidence Index 10:00 ET
Wednesday:
EIA Petroleum Status Report 10:30 ET
Thursday:
Durable Goods Orders 8:30 ET
Jobless Claims 8:30 ET
Help Wanted Index 10:00 ET
New Home Sales 10:00 ET
EIA Natural Gas Report 10:30 ET
Friday
Consumer Sentiment 10:00 ET
Sunday, April 20, 2008
Day 5 of the OPEN HOUSE
Monday and Tuesday are the last days of the TradeMaven Inside Edge OPEN HOUSE.
In this Chatroom you will be shown revolutionary new trading software that replicates internal market information, once only available to those standing on the trading floor. This software forms the basis for a new methodology based on the actions of the market's three major components: Volume, price, and time. The Inside Edge methodology integrates each of the component's activity into two screens that yield the market's direction, its edges, and when to enter and exit the trade in real-time! Let us show you how to make trading your business.
Join me in the TradeMaven Chatroom starting at 8:30 am ET
No password is necessary - Click here to enter!
For Monday -
It's all about selling pressure and where it comes in - if there is weak buying as we approach 1403 - the sellers will enter the market driving the price down to to the 1368 area. its all about the volume - and now the volume looks like it's building higher. buy the pull backs on low volume if the trend continues to go higher.
From the TradeMaven Software, Volume Weighted Pivot - Support - Resistance Numbers for 21 April:
Upcoming Reports:
Tuesday
ICSC-UBS Store Sales 7:45 ET
Redbook 8:55 ET
Existing Home Sales 10:00 ET
State Street Investor Confidence Index 10:00 ET
Wednesday:
EIA Petroleum Status Report 10:30 ET
Thursday:
Durable Goods Orders 8:30 ET
Jobless Claims 8:30 ET
Help Wanted Index 10:00 ET
New Home Sales 10:00 ET
EIA Natural Gas Report 10:30 ET
Friday
Consumer Sentiment 10:00 ET
In this Chatroom you will be shown revolutionary new trading software that replicates internal market information, once only available to those standing on the trading floor. This software forms the basis for a new methodology based on the actions of the market's three major components: Volume, price, and time. The Inside Edge methodology integrates each of the component's activity into two screens that yield the market's direction, its edges, and when to enter and exit the trade in real-time! Let us show you how to make trading your business.
Join me in the TradeMaven Chatroom starting at 8:30 am ET
No password is necessary - Click here to enter!
For Monday -
It's all about selling pressure and where it comes in - if there is weak buying as we approach 1403 - the sellers will enter the market driving the price down to to the 1368 area. its all about the volume - and now the volume looks like it's building higher. buy the pull backs on low volume if the trend continues to go higher.
From the TradeMaven Software, Volume Weighted Pivot - Support - Resistance Numbers for 21 April:
Upcoming Reports:
Tuesday
ICSC-UBS Store Sales 7:45 ET
Redbook 8:55 ET
Existing Home Sales 10:00 ET
State Street Investor Confidence Index 10:00 ET
Wednesday:
EIA Petroleum Status Report 10:30 ET
Thursday:
Durable Goods Orders 8:30 ET
Jobless Claims 8:30 ET
Help Wanted Index 10:00 ET
New Home Sales 10:00 ET
EIA Natural Gas Report 10:30 ET
Friday
Consumer Sentiment 10:00 ET
Thursday, April 17, 2008
Open House Day 4
Charlie's Comments:
The Bonds continued its current move lower as expected and foretold in the analysis. Able to get our recommended shorts off too at advantageous levels. Eventually the Bond did hit our #2 support level before recovering into its close.
The ES rallied late in its session off of GOOG’s earnings and the retreated to the 116-24 area. IF the ES is sideways to higher overnight, wnt to sell the Bond tomorrow and see it 116-08/12 can be broken. No news on tap for tomorrow’ session. Focus should be the ES’s movement off late posted earnings reports.
Josh's 2 Cents:
Volume is early evening trading is building higher intimating a further early rally in the emini Friday Morning. Bias is to the upside for Friday.
From the TradeMaven Software, Pivot/Support and Resistance Numbers for 18 April:
The Bonds continued its current move lower as expected and foretold in the analysis. Able to get our recommended shorts off too at advantageous levels. Eventually the Bond did hit our #2 support level before recovering into its close.
The ES rallied late in its session off of GOOG’s earnings and the retreated to the 116-24 area. IF the ES is sideways to higher overnight, wnt to sell the Bond tomorrow and see it 116-08/12 can be broken. No news on tap for tomorrow’ session. Focus should be the ES’s movement off late posted earnings reports.
Josh's 2 Cents:
Volume is early evening trading is building higher intimating a further early rally in the emini Friday Morning. Bias is to the upside for Friday.
From the TradeMaven Software, Pivot/Support and Resistance Numbers for 18 April:
Wednesday, April 16, 2008
Open House Day 3
Charlie's Comments:
News drives the market. The Bond caught negative news with the Ind. Production and Capacity Utilization numbers and sold. These numbers were supportive for the ES and the ES strengthened further post day session Bond with the release of IBM’s earnings. The economic news has gotten better than recently forecast. The economic slowdown may be starting to find its low. While only time will tell, we are starting to see economic numbers higher than forecast. Exports, tourism, agriculture, mining, energy and certain high tech companies have missed the slow down to date. A stronger economy mitigates the need to cut interest rates any more and allows the inflation news to move to the fore. Not much news on tomorrow’s schedule. This should yield at least one good sale tomorrow.
Josh's 2 cents:
Nice bullish day on Wednesday - Will it last? The volume will tell. Volume building at 1363 area will not hold and will start moving down. If low volume at 1363 area then as the price moves higher we are sure to see buyers come into the Emini S&P.
Fundamental News will have a marked effect -
From the TradeMaven Software, Pivot/Support and Resistance Numbers for 17 April:
Upcoming Reports:
Thursday
Jobless Claims 8:30 ET
Leading Indicators 10:00 ET
Philadelphia Fed Survey 10:00 ET
EIA Natural Gas Report 10:30 ET
News drives the market. The Bond caught negative news with the Ind. Production and Capacity Utilization numbers and sold. These numbers were supportive for the ES and the ES strengthened further post day session Bond with the release of IBM’s earnings. The economic news has gotten better than recently forecast. The economic slowdown may be starting to find its low. While only time will tell, we are starting to see economic numbers higher than forecast. Exports, tourism, agriculture, mining, energy and certain high tech companies have missed the slow down to date. A stronger economy mitigates the need to cut interest rates any more and allows the inflation news to move to the fore. Not much news on tomorrow’s schedule. This should yield at least one good sale tomorrow.
Josh's 2 cents:
Nice bullish day on Wednesday - Will it last? The volume will tell. Volume building at 1363 area will not hold and will start moving down. If low volume at 1363 area then as the price moves higher we are sure to see buyers come into the Emini S&P.
Fundamental News will have a marked effect -
From the TradeMaven Software, Pivot/Support and Resistance Numbers for 17 April:
Upcoming Reports:
Thursday
Jobless Claims 8:30 ET
Leading Indicators 10:00 ET
Philadelphia Fed Survey 10:00 ET
EIA Natural Gas Report 10:30 ET
Tuesday, April 15, 2008
For Wednesday
Charlie's Comments:
Today’s market was driven by the 0830 ET news. Inflation was higher than forecast and the Bond and ES both sold off this news. The normal inverse relationship between the Bond and ES was put in abeyance today. At some point the contracts will separate, but haven’t seen many days this year where they have traded the fundamentals by themselves. Wednesday is a big news day. The focus today was inflation. I think tomorrow’s focus will shift to the economic activity news as CPI is a lagging indicator. PPI is a leading indicator and was out today. The inflation news is for real and a part of the regular news feed. It has been placed in a secondary role due to the Fed’s focus on the US’s economy. Will see how the news plays tomorrow.
Josh's 2 cents:
A bullish Producer Price Index report was met with substantial selling pressure -
Volume is still favoring the short side of the market.
We will continue with day 2 of the TradeMaven Inside Edge OPEN HOUSE on Wednesday morning at 7:30 am Central - www.trademaven.omnovia.com/tmaven
From the TradeMaven Software, Pivot/Support and Resistance Numbers for 16 April:
Upcoming Reports:
Wednesday
Consumer Price Index 8:30 ET
Housing Starts 8:30 ET
Industrial Production 9:15 ET
EIA Petroleum Status Report 10:30 ET
Beige Book 2:00 ET
Thursday
Jobless Claims 8:30 ET
Leading Indicators 10:00 ET
Philadelphia Fed Survey 10:00 ET
EIA Natural Gas Report 10:30 ET
Today’s market was driven by the 0830 ET news. Inflation was higher than forecast and the Bond and ES both sold off this news. The normal inverse relationship between the Bond and ES was put in abeyance today. At some point the contracts will separate, but haven’t seen many days this year where they have traded the fundamentals by themselves. Wednesday is a big news day. The focus today was inflation. I think tomorrow’s focus will shift to the economic activity news as CPI is a lagging indicator. PPI is a leading indicator and was out today. The inflation news is for real and a part of the regular news feed. It has been placed in a secondary role due to the Fed’s focus on the US’s economy. Will see how the news plays tomorrow.
Josh's 2 cents:
A bullish Producer Price Index report was met with substantial selling pressure -
Volume is still favoring the short side of the market.
We will continue with day 2 of the TradeMaven Inside Edge OPEN HOUSE on Wednesday morning at 7:30 am Central - www.trademaven.omnovia.com/tmaven
From the TradeMaven Software, Pivot/Support and Resistance Numbers for 16 April:
Upcoming Reports:
Wednesday
Consumer Price Index 8:30 ET
Housing Starts 8:30 ET
Industrial Production 9:15 ET
EIA Petroleum Status Report 10:30 ET
Beige Book 2:00 ET
Thursday
Jobless Claims 8:30 ET
Leading Indicators 10:00 ET
Philadelphia Fed Survey 10:00 ET
EIA Natural Gas Report 10:30 ET
Monday, April 14, 2008
Not Out of the Woods Yet...
Mixed earning reports are keeping investors on their toes. Plenty more room to drop if some poor fundamentals come in. Gas prices at all time highs and Gold Rallying with the falling dollar = a breaking emini S&P. Volume continue to develop at lower prices - sell the rallies against the numbers.
Were going to be showcasing the 30-year Treasury Bond all this week in the TradeMaven Inside Edge room. Drop by anytime at www.trademaven.omnovia.com/tmaven -
Charlie Cochran and I will be giving our market commentary live through next Tuesday.
best
Josh
From the TradeMaven Software, Pivot/Support and Resistance Numbers for 15 April:
Upcoming Reports:
Tuesday
ICSC-UBS Store Sales 7:45 ET
Producer Price Index 8:30 ET
Empire State Mfg Survey 8:30 ET
Housing Market Index 1:00 ET
Wednesday
Consumer Price Index 8:30 ET
Housing Starts 8:30 ET
Industrial Production 9:15 ET
EIA Petroleum Status Report 10:30 ET
Beige Book 2:00 ET
Thursday
Jobless Claims 8:30 ET
Leading Indicators 10:00 ET
Philadelphia Fed Survey 10:00 ET
EIA Natural Gas Report 10:30 ET
Were going to be showcasing the 30-year Treasury Bond all this week in the TradeMaven Inside Edge room. Drop by anytime at www.trademaven.omnovia.com/tmaven -
Charlie Cochran and I will be giving our market commentary live through next Tuesday.
best
Josh
From the TradeMaven Software, Pivot/Support and Resistance Numbers for 15 April:
Upcoming Reports:
Tuesday
ICSC-UBS Store Sales 7:45 ET
Producer Price Index 8:30 ET
Empire State Mfg Survey 8:30 ET
Housing Market Index 1:00 ET
Wednesday
Consumer Price Index 8:30 ET
Housing Starts 8:30 ET
Industrial Production 9:15 ET
EIA Petroleum Status Report 10:30 ET
Beige Book 2:00 ET
Thursday
Jobless Claims 8:30 ET
Leading Indicators 10:00 ET
Philadelphia Fed Survey 10:00 ET
EIA Natural Gas Report 10:30 ET
Sunday, April 13, 2008
For Monday, April 14th
Don't forget to upgrade to TradeMaven Version 4.3.2 at www.tmdownloads.com!
For Monday - there is bond to be a lot of mixed reports due out this week. Earnings reports always add uncertainty - Airline Mergers and Bank news seem bullish - but CPI and PPI as well as housing starts and manufacturing surveys are bound to be bearish.
Volume is still to the downside - my bias is bearish -
From the TradeMaven Software, Pivot/Support and Resistance Numbers for 14 April:
Upcoming Reports:
Monday
Retail Sales 8:30 ET
Business Inventories 10:00 ET
Tuesday
ICSC-UBS Store Sales 7:45 ET
Producer Price Index 8:30 ET
Empire State Mfg Survey 8:30 ET
Housing Market Index 1:00 ET
Wednesday
Consumer Price Index 8:30 ET
Housing Starts 8:30 ET
Industrial Production 9:15 ET
EIA Petroleum Status Report 10:30 ET
Beige Book 2:00 ET
Thursday
Jobless Claims 8:30 ET
Leading Indicators 10:00 ET
Philadelphia Fed Survey 10:00 ET
EIA Natural Gas Report 10:30 ET
For Monday - there is bond to be a lot of mixed reports due out this week. Earnings reports always add uncertainty - Airline Mergers and Bank news seem bullish - but CPI and PPI as well as housing starts and manufacturing surveys are bound to be bearish.
Volume is still to the downside - my bias is bearish -
From the TradeMaven Software, Pivot/Support and Resistance Numbers for 14 April:
Upcoming Reports:
Monday
Retail Sales 8:30 ET
Business Inventories 10:00 ET
Tuesday
ICSC-UBS Store Sales 7:45 ET
Producer Price Index 8:30 ET
Empire State Mfg Survey 8:30 ET
Housing Market Index 1:00 ET
Wednesday
Consumer Price Index 8:30 ET
Housing Starts 8:30 ET
Industrial Production 9:15 ET
EIA Petroleum Status Report 10:30 ET
Beige Book 2:00 ET
Thursday
Jobless Claims 8:30 ET
Leading Indicators 10:00 ET
Philadelphia Fed Survey 10:00 ET
EIA Natural Gas Report 10:30 ET
Thursday, April 10, 2008
Friday
For Friday:
Despite the fact that retail sales are low, The Emini S&P is favoring higher prices while the Bonds are showing volume developing lower. It will be interesting how the Consumer Sentiment report will effect the S&P - I would think that the market will break on that news.
In any case with the trouble plaguing American Airlines likely to spread to other air carriers not to mention other unknowns in this market - it is unlikely buyers will wish to hold onto their positions over the weekend.
Look for the Friday afternoon sell-off
From the TradeMaven Software, Pivot/Support and Resistance Numbers for 11 April:
Upcoming Key Reports:
Friday
Import and Export Prices 8:30 ET
Consumer Sentiment (p) 10:00 ET
Despite the fact that retail sales are low, The Emini S&P is favoring higher prices while the Bonds are showing volume developing lower. It will be interesting how the Consumer Sentiment report will effect the S&P - I would think that the market will break on that news.
In any case with the trouble plaguing American Airlines likely to spread to other air carriers not to mention other unknowns in this market - it is unlikely buyers will wish to hold onto their positions over the weekend.
Look for the Friday afternoon sell-off
From the TradeMaven Software, Pivot/Support and Resistance Numbers for 11 April:
Upcoming Key Reports:
Friday
Import and Export Prices 8:30 ET
Consumer Sentiment (p) 10:00 ET
Wednesday, April 9, 2008
A Life Without You...
Thursday after the close Charlie Cochran will be presenting the TradeMaven Inside Edge 3-2-1 methodology for trading.
TradeMaven Inside Edge is a comprehensive trader’s education forum focused on e-Mini S&Ps and U.S. Treasury Bond Futures.
TradeMaven 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.
Please join me at 4:30pm EST / 3:30pm Central for a this seminar.
Follow this link: www.trademaven.omnovia.com/tmaven
No password or registration is needed.
For Thursday:
The break in the eMini S&P's today was done on some powerful selling. The market is still favoring lower prices. With the reports due out tomorrow (See below) I can only be thinking lower prices for the immeadiate future.
From the TradeMaven Software, Pivot/Support and Resistance Numbers for 10 April:
Upcoming Key Reports:
Thursday
International Trade 8:30 ET
Jobless Claims 8:30 ET
Treasury Budget 2:00 ET
Friday
Import and Export Prices 8:30 ET
Consumer Sentiment (p) 10:00 ET
TradeMaven Inside Edge is a comprehensive trader’s education forum focused on e-Mini S&Ps and U.S. Treasury Bond Futures.
TradeMaven 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.
Please join me at 4:30pm EST / 3:30pm Central for a this seminar.
Follow this link: www.trademaven.omnovia.com/tmaven
No password or registration is needed.
For Thursday:
The break in the eMini S&P's today was done on some powerful selling. The market is still favoring lower prices. With the reports due out tomorrow (See below) I can only be thinking lower prices for the immeadiate future.
From the TradeMaven Software, Pivot/Support and Resistance Numbers for 10 April:
Upcoming Key Reports:
Thursday
International Trade 8:30 ET
Jobless Claims 8:30 ET
Treasury Budget 2:00 ET
Friday
Import and Export Prices 8:30 ET
Consumer Sentiment (p) 10:00 ET
Tuesday, April 8, 2008
Market Profile Training Wednesday
For Wednesday,
I will be holding online training on how to use the market profile charting in the TradeMaven program Wednesday after the close. Market Profile reveals pricing patterns from any market as they develop. By effectively organizing price and time information, it is possible for traders to see which price areas the market is accepting or which ones it is rejecting…and adjust their trading styles accordingly.
Please join me at 4:30pm EST / 3:30pm Central for a demonstration.
Follow this link: www.trademaven.omnovia.com/tmaven
No password or registration is needed.
Market Analysis: The emini seems to be stuck around the 1372 pivot area; buyers keep coming in as prices dip to low 1360's. Buyers keep backing off at the resistance at the 1375 area - a rally through that means a rally to 1385. A range bound market provides plenty of opportunity. Look to the volume to give you your markat bias - if the market starts moving lower on high volume - look to sell the low volume rallies counter to the trend -
If you not sure what I mean - join me for the market profile training Wednesday afternoon.
See you then!
From the TradeMaven Software, Pivot/Support and Resistance Numbers for 9 April:
Upcoming Key Reports:
Wednesday
Wholesale Trade 10:00 ET
EIA Petroleum Status Report 10:30 ET
Thursday
International Trade 8:30 ET
Jobless Claims 8:30 ET
Treasury Budget 2:00 ET
Friday
Import and Export Prices 8:30 ET
Consumer Sentiment (p) 10:00 ET
I will be holding online training on how to use the market profile charting in the TradeMaven program Wednesday after the close. Market Profile reveals pricing patterns from any market as they develop. By effectively organizing price and time information, it is possible for traders to see which price areas the market is accepting or which ones it is rejecting…and adjust their trading styles accordingly.
Please join me at 4:30pm EST / 3:30pm Central for a demonstration.
Follow this link: www.trademaven.omnovia.com/tmaven
No password or registration is needed.
Market Analysis: The emini seems to be stuck around the 1372 pivot area; buyers keep coming in as prices dip to low 1360's. Buyers keep backing off at the resistance at the 1375 area - a rally through that means a rally to 1385. A range bound market provides plenty of opportunity. Look to the volume to give you your markat bias - if the market starts moving lower on high volume - look to sell the low volume rallies counter to the trend -
If you not sure what I mean - join me for the market profile training Wednesday afternoon.
See you then!
From the TradeMaven Software, Pivot/Support and Resistance Numbers for 9 April:
Upcoming Key Reports:
Wednesday
Wholesale Trade 10:00 ET
EIA Petroleum Status Report 10:30 ET
Thursday
International Trade 8:30 ET
Jobless Claims 8:30 ET
Treasury Budget 2:00 ET
Friday
Import and Export Prices 8:30 ET
Consumer Sentiment (p) 10:00 ET
Monday, April 7, 2008
Back to the Pivot
The Rally Monday morning was expected given the pre-Regular Trading Hours favoring higher prices. Credit issues still drags the the outlook of the ecomony for the next several months.
Pending Home Sales will be a bearish number I believe, however the FOMC minutes will be released early tomorrow afternoon.
Thill then look for the volume to develop to the downside and sel the low volume rallies.
From the TradeMaven Software, Pivot/Support and Resistance Numbers for 8 April:
Upcoming Key Reports:
Tuesday
Pending Home Sales Index 10:00 ET
FOMC Minutes 2:00 ET
Wednesday
Wholesale Trade 10:00 ET
EIA Petroleum Status Report 10:30 ET
Thursday
International Trade 8:30 ET
Jobless Claims 8:30 ET
Treasury Budget 2:00 ET
Friday
Import and Export Prices 8:30 ET
Consumer Sentiment (p) 10:00 ET
Pending Home Sales will be a bearish number I believe, however the FOMC minutes will be released early tomorrow afternoon.
Thill then look for the volume to develop to the downside and sel the low volume rallies.
From the TradeMaven Software, Pivot/Support and Resistance Numbers for 8 April:
Upcoming Key Reports:
Tuesday
Pending Home Sales Index 10:00 ET
FOMC Minutes 2:00 ET
Wednesday
Wholesale Trade 10:00 ET
EIA Petroleum Status Report 10:30 ET
Thursday
International Trade 8:30 ET
Jobless Claims 8:30 ET
Treasury Budget 2:00 ET
Friday
Import and Export Prices 8:30 ET
Consumer Sentiment (p) 10:00 ET
Sunday, April 6, 2008
Starting to turn Bullish
For Monday
The emini S&P and related equity index futures recovered quite nicely from the Unemployment figures released Friday morning. Volume continue to show strength to the upside despite the weakness in the economy.
Follow the volume - if the day begins on a rally and volume accompanies the upswing trade on the low volume pull backs. Don't place buys if volume is coming in on the downward moves.
From the TradeMaven Software, Pivot/Support and Resistance Numbers for 7 April:
Upcoming Key Reports:
Monday
Consumer Credit 3:00 ET
Tuesday
Pending Home Sales Index 10:00 ET
FOMC Minutes 2:00 ET
Wednesday
Wholesale Trade 10:00 ET
EIA Petroleum Status Report 10:30 ET
Thursday
International Trade 8:30 ET
Jobless Claims 8:30 ET
Treasury Budget 2:00 ET
Friday
Import and Export Prices 8:30 ET
Consumer Sentiment (p) 10:00 ET
The emini S&P and related equity index futures recovered quite nicely from the Unemployment figures released Friday morning. Volume continue to show strength to the upside despite the weakness in the economy.
Follow the volume - if the day begins on a rally and volume accompanies the upswing trade on the low volume pull backs. Don't place buys if volume is coming in on the downward moves.
From the TradeMaven Software, Pivot/Support and Resistance Numbers for 7 April:
Upcoming Key Reports:
Monday
Consumer Credit 3:00 ET
Tuesday
Pending Home Sales Index 10:00 ET
FOMC Minutes 2:00 ET
Wednesday
Wholesale Trade 10:00 ET
EIA Petroleum Status Report 10:30 ET
Thursday
International Trade 8:30 ET
Jobless Claims 8:30 ET
Treasury Budget 2:00 ET
Friday
Import and Export Prices 8:30 ET
Consumer Sentiment (p) 10:00 ET
Thursday, April 3, 2008
Unemployment Friday
For Friday:
The Unemployment Situation report will be released tomorrow at 7:30am Central. The is undoubtedly one of the most important reports of the month. Unemployment is on the rise and if it comes in lower than expected then will get a strong bear move.
From the TradeMaven Software, Volume Weighted Pivot, Support and Resistance Numbers for 4 April:
The Unemployment Situation report will be released tomorrow at 7:30am Central. The is undoubtedly one of the most important reports of the month. Unemployment is on the rise and if it comes in lower than expected then will get a strong bear move.
From the TradeMaven Software, Volume Weighted Pivot, Support and Resistance Numbers for 4 April:
Wednesday, April 2, 2008
For Thursday
For Thursday:
Higher Volume on the way up in the morning on Wednesday, followed by a sel of with volume favoring lower prices.
I really can't see how the unemployment reports over the next two days are going to fuel buying in the eMini S&P. It is more likely that these numbers will remind market participants of the state of the economy. It appears the Fed Chairman had the same effect on Wednesday.
Favoring the short side - but stick with the volume. ower prices on high volume - then sell the low volume rallies. If the rally comes with the volume, get out of the way.
best
Josh
From the TradeMaven Software, Volume Weighted Pivot, Support and Resistance Numbers for 3 April:
Upcoming Reports:
Thursday
Jobless Claims 8:30 ET
EIA Natural Gas Report 10:30 ET
Friday
Employment Situation 8:30 ET
Higher Volume on the way up in the morning on Wednesday, followed by a sel of with volume favoring lower prices.
I really can't see how the unemployment reports over the next two days are going to fuel buying in the eMini S&P. It is more likely that these numbers will remind market participants of the state of the economy. It appears the Fed Chairman had the same effect on Wednesday.
Favoring the short side - but stick with the volume. ower prices on high volume - then sell the low volume rallies. If the rally comes with the volume, get out of the way.
best
Josh
From the TradeMaven Software, Volume Weighted Pivot, Support and Resistance Numbers for 3 April:
Upcoming Reports:
Thursday
Jobless Claims 8:30 ET
EIA Natural Gas Report 10:30 ET
Friday
Employment Situation 8:30 ET
Tuesday, April 1, 2008
I Hate April Fools
For Wednesday:
Well the market played a huge April Fools on me; a rally of 33 points in the emini S&P in the regular trading hours.
Now I have been bearish for a while now, and given the state of the economy I will continue to be guarded on rallies - but clearly the buyers stepped up to the plate today.
Good numbers in ISM Manufacturing and Construction Spending along with the start of a new quarter brought buyers into the equities. - But - Unemployment Friday conquers all. Some may think the worst is behind us; I'll continue to have doubts. (Bear Sterns anyone?)
Bottom line follow the volume - the market kept going higher on volume today: Wednesday's pre-market trading will be a clue. If the market starts trading lower on high volume in the morning - we'll head down, If higher prices on higher volume then this bull run will continue.
From the TradeMaven Software, Volume Weighted Pivot, Support and Resistance Numbers for 2 April:
Upcoming Reports:
Wednesday
MBA Purchase Applications 7:00 ET
Challenger Job-Cut Report 7:30 ET
ADP Employment Report 8:15 ET
Thursday
Jobless Claims 8:30 ET
EIA Natural Gas Report 10:30 ET
Friday
Employment Situation 8:30 ET
Well the market played a huge April Fools on me; a rally of 33 points in the emini S&P in the regular trading hours.
Now I have been bearish for a while now, and given the state of the economy I will continue to be guarded on rallies - but clearly the buyers stepped up to the plate today.
Good numbers in ISM Manufacturing and Construction Spending along with the start of a new quarter brought buyers into the equities. - But - Unemployment Friday conquers all. Some may think the worst is behind us; I'll continue to have doubts. (Bear Sterns anyone?)
Bottom line follow the volume - the market kept going higher on volume today: Wednesday's pre-market trading will be a clue. If the market starts trading lower on high volume in the morning - we'll head down, If higher prices on higher volume then this bull run will continue.
From the TradeMaven Software, Volume Weighted Pivot, Support and Resistance Numbers for 2 April:
Upcoming Reports:
Wednesday
MBA Purchase Applications 7:00 ET
Challenger Job-Cut Report 7:30 ET
ADP Employment Report 8:15 ET
Thursday
Jobless Claims 8:30 ET
EIA Natural Gas Report 10:30 ET
Friday
Employment Situation 8:30 ET
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