Learn To Trade Futures - Emini Style 03/07/12

Super Tuesday was a big day for Politics but not so much for the markets. The retracement which began last Thursday kicked into high gear today. So much so, that we blew out the lowest Weekly Trading Zone on the S&P 500 Emini Futures which reached a low of 1338.50. While it's not unheard of, it is unusual for a Weekly Trading Zone to break and hold.

What we anticipate now is a rally back up to the zone at 1347/1348. The first trip up we expect resistance. By the time we close for business on Friday we expect price to be back on the playing field. Watch for price consolidation in and around 1347/1348. Once price can break above and hold the zone on a pullback we will look up the ladder to the next rung at 1357/1358.

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SP500 / Dow Emini Futures Trade Zone To Zone 03/05/12

The S&P500 and Dow Emini Futures traded lower today amid ongoing Euro worries and fresh concerns about China's lowered growth target. The opening hour gave us a 7 point range on the ES and and a 100 point range on the YM. Both markets managed to claw their way back to finish on par with Friday's close.

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Michael X Emini Futures Trader - Day 3 03/02/12

Today was our 3rd and final day with Michael X. Click the headphones above if you missed the live broadcast. We will be back over the weekend with charts and commentary.

Sign Up Now for next week's Live Emini Trading Room!

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Michael X Emini Futures Trader - Day 2 03/0112

The S&P500 Emini Futures have now put in a double top at 1377. We still have 1 Weekly Trading Zone overhead at 1379/1380 and David has his eyes on 1383. The chart below highlights the discussion we had on the show today with Michael X. Keep in mind that he is holding part of his position overnight unless he changed his mind after the broadcast.

Michael will be back for his final day tomorrow. Please email, tweet or log in and ask your questions live in real time. It's not often that a trader has the opportunity to get free advice from someone who successfully trades as many as 10K Emini contracts per day.

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Interview With Michael X - Emini Futures Trader 02/29/12

The S&P 500 Emini Futures and well as the Dow Emini Futures both failed to hold on to their early gains. On today's program we had the opportunity to talk to our friend and frequent guest Michael X. This is about more than trading large or living large. I popped a key question on him last year or the year before. I popped it again today and guess what? His answer hasn't changed. Life's funny that way, the facts may change...  but truth never does.

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Size Matters - Emini Futures Position Sizing

Michael X

(Reprint)
I understand the politically and socially correct question here is actually "Does size matter?" I'm not asking a question, I'm making a statement. It matters. A lot. So get your mind out of the gutter we're talking about trading here. 

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Dow Closes Above 13,000 - Emini Futures Podcast

The Dow closed today above 13,000 for the first time in 3 years. As it did twice last week and on Monday, the Dow poked through the 13,000 level in intraday trading on Tuesday but then dropped back down toward the end of the day before a final surge that pushed it up to about 13,005. The S&P 500 Cash index closed above it's high-water mark to settle at 1372.18.

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Learn to Trade Emini Futures - Emini Podcast 02/27/12

The E-Mini S&P 500 may have had that intuitive move-up on the pull-back of the crude oil market, the better outlook for the housing industry or perhaps both! The key-level resistance of $1370.75 has been reached and could incite a further upside move. Many analysts feel that the E-Mini S&P 500 is toppy and needs to retrace.

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Emini Futures Daily Podcast - Friday February 24, 2012

The E-Mini S&P 500 traded in a 7 point range today as the fear and anxiety subsided from the Euro debt crisis! The Euro finance ministers finally approved the $130 billion euros rescue bailout to Greece by persuading the investors to provide more support and the European Central Bank to hand-over some of their profits from debt instruments purchased at a discount. There is still light volume as traders may be looking ahead to the G-20 meeting coming up.   

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