Emini Futures Daily Podcast - Thursday February 23, 2012

The E-Mini S&P 500 backed off the highs of Tuesday ($1369.50) possibly on second thoughts of the Euro debt crisis and how it may affect the US recovery. US Existing Home Sales report showed an increase of 4.3 % to 4.57 million units last month, the highest it has been since May of 2010. It may be attributed to warmer weather this winter or a signal that the bottom is in. Another possibility, although perhaps not widely done or publicized may be the bulldozing of foreclosed homes to keep the neighborhood values up and reduce the inventories of homes in the marketplace.

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Emini Futures Podcast for Wednesday 02/22/12

We are playing Podcast catch up. We do apologize for the delay. The good news is, we plan to try harder next week. Would you like to encourage us to do better?

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Learn to Trade Emini Futures - Head And Shoulders Pattern

The S&P500 Emini Futures took a backseat today as all eyes were on the Dow Jones Industrial Average (DJIA) and the 13,000 level. The last time the Dow closed above 13,000 was May 19th, 2008. Although we did trade above 13,000 intra-day, the market sold off into the close so "Close, but no cigar". A more important level to watch perhaps is how the S&P500 Cash Index handles 1,370. While it may not receive as much press, of the two I believe it to be the more critical metric of whether the markets continue what has thus far been a very impressive multi month rally against a backdrop of angst and the proverbial wall of worry.

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Learn to Trade Emini Futures - Support And Resistance

The S&P500 Emini Futures ended the week on a high note! House lawmakers voted 293-132 today to approve the bill which will extend the current 4.2% payroll tax through the end of 2012, as well as extend prolonged jobless benefits and prevent payment cuts for Medicare doctors. The Senate quickly followed, approving the bill in a vote of 60-36. 

We've wasted an awful lot of time, money and energy getting this resolved so what does it really mean? The typical family making $50,000 a year will keep about $40 with each paycheck. That pans out to $20.00 per week. Seriously? $20.00 per week for a family making $50k per year. What will $20 buy?

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Learn to Trade Emini Futures - Emini Podcast 02/16/12

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Emini Podcast for Thursday 02/16/12

Learn to Trade Emini Futures - Emini Podcast 02/15/12

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Emini Podcast for Wednesday 02/15/12

Learn to Trade Emini Futures - Emini Podcast 02/14/12

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Emini Podcast for Tuesday 02/14/12

What Is Emini?

What is Emini?

Emini, also known as E-mini, as well as the S&P Emini, is a term given to stock market index futures contracts traded on the Chicago Mercantile Exchange’s Globex electronic trading platform.

Stock index futures are contracts to buy or sell a specific stock index at a specific price on a specific date in the future. Mini contracts are simply smaller versions of regular contracts and require less money to trade. E-mini contracts are available on a wide range of indexes such as the Nasdaq 100, S&P 500, S&P MidCap 400 and Russell 2000.

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Learn to Trade Emini Futures - Emini Podcast 02/10/12

The S&P500 Emini Futures double bottomed today at the Weekly Trading Zone 1333/1334. We talk daily about Fixed Support and Resistance versus Dynamic Support and Resistance and how learning to balance the two creates a trading environment that is conducive to low stress, high probability trading.

Not only did our Fixed Support (weekly trading zone) catch the bottom (twice today), CFRN Partners also nailed the high of the session at the 1342/1343 Fixed Resistance (weekly trading zone) which was also issued Monday morning before the markets opened.

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Learn to Trade Emini Futures - Trend Trading The Emini

The S&P 500 Emini Futures continued the upward trend putting in a higher high in an attempt to reach the 1354/1355 Weekly Trading Zone ahead of Greece announcing their resolution. There will not be a Podcast created on Thursday, we will return to our normal Daily Live Emini Broadcast on Friday.

The Trend Is Your Friend!

Certainly a well worn trading adage, but what does it really mean and can we use it to improve our Emini Day Trading?

The definition of a Trend is simple enough: The general direction of a market. Trends can vary in length from short, to long term. If you can identify a trend, it can be highly profitable, because you will be able to trade in that direction. Hence the familiar saying -  "The trend is your friend until it ends".

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