Thursday
Oct202011
Emini Podcast / The Daily Futures 10/20/11
October 20, 2011 at 6:46 PM CFRN Partner's Meeting Tonight - 9PM EDT / All outstanding incentives expire tonight.
Live Emini Trading Rooms Results
October 20, 2011 at 6:46 PM Wednesday
Oct192011
Emini Podcast / The Daily Futures 10/19/11
October 19, 2011 at 4:02 PM The overnight rally in the S&P 500 Emini Futures put in yet another lower high on the hourly chart. Remember, we have been turned away from our Weekly Trading Zone @ 1230 twice now. A good portion of today's action was contained Between the Zones. As the afternoon session got underway we finally broke below the 1211/1212 WTZ when the Beige Book was released. The market recovered at the 1201/1202 WTZ, turned north and ran right back to the 1211/1212 WTZ. That's what we call Zone to Zone to Zone. In this case it was 9 points down and 9 back up. That's a round trip ticket worth 18 points. Am I suggesting you should have taken 18 points out of the market? Not at all. What I am suggesting is that price made 2 substantial moves from fixed points of support and resistance that were given to our Partner's before the opening bell on Monday.
Now that I've suggested that, I will say this -
Tuesday
Oct182011
Emini Podcast / The Daily Futures 10/18/11
October 18, 2011 at 9:19 PM European Bailout news rocked the markets higher this afternoon. However, the exuberance which blew up the hourly chart for exactly ONE hour, seems to have subsided on the Globex session. At the height of the announcement rally we failed to take out the high put in early Monday morning when London opened. There will be a Tweet immediately following this post looking for a decline into tomorrow.
Monday
Oct172011
Emini Podcast / The Daily Futures 10/17/11
October 17, 2011 at 5:52 PM Greetings from AriZONEa. If you didn't catch the humor there you're either brand new to CFRN or I've wasted a whole lot of time posting these things. We'll get to that in a moment.
Today's broadcast was dedicated to my Uncle Ray. A special, unique, one of a kind guy. He loved computers, he was a preeminent Southern Gospel recording artist, and my mom's best friend. Whatever he did, from writing code, to making music, or baking brownies... he did it with great passion. When we launched CFRN he wrote the XML file to launch our very first podcast which ultimately got us into the iTunes store. I love you Uncle Ray. I wish I had called you more often.
Sunday
Oct162011
Emini Podcast / The Daily Futures 10/14/11
October 16, 2011 at 6:30 PM Sorry for the late upload just got back from the wedding. There should be a trade or two tweeted later tonight. Just letting the market get positioned. Looks to be an either or proposition.
Live Emini Trading Room Results
(video to follow)
Thursday
Oct132011
Emini Podcast / The Daily Futures 10/13/11
October 13, 2011 at 6:26 PM Partner's meeting tonight. See you there...
One quick thing - We did talk last night and today about those Magnificent Men and their Weekly Zones. We showed the top at 1216. What happens once price reaches a zone? Price will find another Zone. Trading's not easy but it can be simple.
Wednesday
Oct122011
Emini Podcast / The Daily Futures 10/12/11
October 12, 2011 at 5:36 PM If this was the only thing you got as a CFRN Partner >
that would be a really swell deal!
However, the good news is... you get so much more. But forget all the other stuff for a minute. Forget the indicators that do the heavy mathematical lifting. Toss out the methodology that gives you exact entries and exits "to the tick" on every single trade. Let's not concern ourselves with the 6 years of blood, sweat and tears or the tens upon tens of thousands of dollars spent stumbling down dead end alleys and reloading acccounts. Tonight let's focus on just this one simple thing -
Tuesday
Oct112011
Emini Podcast / The Daily Futures 10/11/11
October 11, 2011 at 9:35 PM The market has been fixated with our Weekly Trading Zone 1187/1188 for 2 days now. Resistance, then support, the dance continues around the center of gravity. We spent most of the day session in a slightly downward sloping channel with the Zone as support until Alcoa reported after the bell and we got a gap lower open on Globex. It didn't last long. As I type we are right back to 1187/1188. To clear the top of the channel will require 1192. Without that the Zone below comes into play. You are invited to join us tomorrow in the Live Trading Room and find out exactly where the Zone above and the Zone below are. There are few certainties in the trading world but I assure you that price will indeed gravitate to one or the other. Once the journey is underway the profit potential is quite handsome whichever way it rolls.
Monday
Oct102011
E-Mini S&P 500: Game on!
October 10, 2011 at 5:05 PM The E-Mini S&P 500 Is back in a bullish stance as the Euro Zone has a time-out to finalize some crisis strategies to support the banks and manage the Greek debts as the summit is delayed. Perhaps the market was oversold in the first place. In the second place, perhaps fund managers started to buy. Regardless of the reasoning, traders want to root for containment of the debt crisis in Europe. German Chancellor Merkel and French President Sarkozy assured the investment community that a structured plan would be released at the close of their meetings. The EU, IMF and ECB leaders known as the troika should release a statement tomorrow. Greece is in need of their next bailout aid installment by Mid-November to avoid any potential defaults. They must discuss where the capital should come from. China had some interest in creating a new railway system. The Euro leaders would prefer to keep the aid packages from the Euro Zone without including outside interests. The volume was light today as the Treasuries did not trade due to Columbus Day.
Friday
Oct072011
Emini FuturesCast / The Daily Pod 10/07/11
October 7, 2011 at 4:46 PM The E-Mini S&P 500 blasted off on the higher than expected jobs data! Nonfarm payrolls were up 103,000 in September, partly attributed to the 45,000 Verizon Communications workers returning to work after a strike. That would leave about a 58,000 increase in employment. Regardless, the market bought it and perhaps eased any recession fears. The number of new jobs created each month should be about 125,000 per month just to stop unemployment from rising. US Consumer Credit was down by $9.50 billion in August below expectations of $7.75 billion. Consumers had adopted frugal spending habits while it was the US government that had been downgraded. Europe had further downgrades today on Spain and Italy’s credit ratings by Fitch’s credit rating agency. Moody’s credit rating agency had put Belgium’s credit rating up for a potential downgrade. Earlier this week, it had seemed as though the European Central Bank, the IMF...
