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
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.
