Emini Futures Trading Blog
Members' Area
This area does not yet contain any content.
Members Area
Live Emini Training Room
Christian Financial Radio Network
Emini Broadcast Listen Live

 

Live Market Commentary


Every Trading Day 12-2pm Eastern

To view our charts and participate
in the live discussion

Click Here

 

 

 

Compatible Trading Platforms

 

Christian Financial Radio Network BBB Business Review

 

IMPORTANT NOTICE
Trading is risky and not suitable for all people. Please read the CFTC Required Disclosure Page and the CFRN Disclaimer Page as part of our Terms of Service. 

 

What happens in your E-Mini Live Trading Room?

For traders seeking hands-on instruction in a virtual classroom, we offer the CFRN Live emini trading room. CFRN wraps all of its proprietary trading systems, indicators, and methodology into this unique educational environment.

live market commentary, real-time application of the CFRN Proprietary Indicators, and trade signals in real-time.
Ask questions and learn the most important trading lesson of all: WHEN, HOW, and WHY you should get in or out of a trade.

 

This show is so good because it not only talks about the markets , which we all are enthralled with, but also about finding out about ourselves and how it relates not only to our trading, but maybe even more important about how we see ouselves in the world we live in and how from the knowledge we take from this show can make ourselves a better human being in our life here on earth--I'll say it one more time"MAN I LOVE THIS SHOW"-thanks guys

- R.H. Canada

More testimonials ...



Follow Us
« Emini FuturesCast / The Emini Daily Pod | Main | Emini FuturesCast / The Daily Pod »
Thursday
Feb172011

Emini Futures Trading / SP Emini Reaches 1340 Weekly Zone

A Bullish Force to be reckoned with!

The E-Mini S&P 500 reached a high today of $1340.00 in the midst of a variety of adverse elements! It is amazing that the E-Mini S&P 500 could blow-off the two warships heading for the Suez Canal. The canal is owned and maintained by the Suez Canal Authority of the Arab Republic of Egypt. The market shrugged off protests in Iran, Yemen and Bahrain. The volume decreased slightly. The Initial Jobless Claims Report came in higher than anticipated increasing 25,000. This is extremely disappointing as the recovery of this country is focused on the Unemployment picture. Current Unemployment at 9% is above the norm. US Core Consumer Prices rose. Inflation is still a major concern as many analysts will expound on our data and give their views on their forecasts. It is difficult to ignore this factor as food and energy prices remain high. Timothy Geithner had made commentary on our debt risk and that the $1.1 trillion deficit reduction plan would help with investor confidence. We had some strength in the Technology Sector today with Nvidia Corp up 9.4%.  Dr. Pepper Snapple Group shares were up 5.6 and Coca Cola was up 1.7 .

Tomorrow, we have no major economic reports to look for!

 

Between the Lines

Mom taught us at a young age,  "If it breaks you have to buy it." Thanks Mom.

Today the trendline was tested and broke beautifully on the 2nd test. Follow that up with a Bullish Cross and it just doesn't get much better.

What to potentially expect Friday! We may retrace or back and fill in pause as the market may simply need to retrace.  Today the low was $1328.50 and the close was $1337.25. Tomorrow, we may use the resistance of $1340.00 and look to potential support of $1321. The point of control or comfort zone of the E-Mini S&P 500 may be $1335.00 for Friday’s trading! We expect a continuation of the move today, but maybe later! If this market can break through the $1340.00 level, we look to $1343.50 becoming the new resistance.  

 

Each player must accept the cards life deals him or her: but once they are in hand, he or she alone must decide how to play the cards in order to win the game.
-- Voltaire
 

Best regards,

 

Leslie Burton

Senior Market Strategist

Daniels Trading

Connect with us: Follow Me on PinterestFollow us on Twitter! Follow us on Facebook! Read the MailChimp blog Learn MailChimp on iTunes

Reader Comments

There are no comments for this journal entry. To create a new comment, use the form below.

PostPost a New Comment

Enter your information below to add a new comment.

My response is on my own website »
Author Email (optional):
Author URL (optional):
Post:
 
Some HTML allowed: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <code> <em> <i> <strike> <strong>