Sunday, January 6, 2008

For Monday

Fridays unemployment impact was obviously huge - I'm sticking with the bear trend.
Sell rallies against resistance -

Upcoming Reports:
Tuesday - Consumer Credit

Volume Weighted Pivot, Support and Resistance for Monday, Jan 7th:

Wednesday, January 2, 2008

The Voice

For Thursday,

I said yesterday the market is bearish, tomorrow we may see a relief rally as Unemployment Friday is so close - big number Friday - The T-Bonds hit over 118 today - shocking... still bearish in the eMini S&P going into unemployment.

Upcoming Reports:
Thursday
Jobless Claims - 8:30am ET

Friday
Employment Situation - 8:30am ET (a BIG one)

Volume Weighted Pivot, Support and Resistance for Thursday, Jan 3rd

Tuesday, January 1, 2008

The New Year

For Wednesday,

Trading volume should be back to normal on the first trading day of the year. Uncertainty is a word we are hearing a lot lately. However volatility us great for futures markets - more opportunity. Short term the market will be bearish.

Upcoming Reports:
Wednesday
FOMC Minutes - 2:00pm ET

Thursday
Jobless Claims - 8:30am ET

Friday
Employment Situation - 8:30am ET (a BIG one)

Volume Weighted Pivot, Support and Resistance for Wednesday, Jan 2nd: