Emini FuturesCast / The Daily Pod 05/27/11

Quiet yet profitable day. From the ES, to the YM, to the Corn, nice moves with very little trickiness. David took the day off so our conversation was mostly market focused except for the cheesy sales pitch part that I couldn't resist sharing because I get so many broken hearted emails from traders who are still struggling. I'm starting to believe that some people perhaps unconsciously, prefer to be the victim and not the victor. Here's the deal. Once upon a time it was hard to find a legitimate source of training that actually taught you how to think and act like a professional trader. That is simply no longer true.

We wish you all a Happy Memorial Day Weekend and we look forward to seeing you next week in the Trading Room and on the radio program.

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Emini FuturesCast / The Daily Pod 05/19/11

E-Mini S&P 500: At the crossroads! Mixed data today puts us at the crossroads on the E-Mini S&P 500 Daily Chart! Initial Jobless Claims fell 29,000 to 409,000 last week. All the while, the Philadelphia Federal Reserve Bank reported the business activity index had fallen to a seven month low. Our expectations for US economic growth come in about 3 – 3.5 . The earthquake in Japan is still a factor slowing our growth as auto parts and manufacturing may be delayed as Japan rebuilds its country after the devastation. US Existing Home Sales were glum as the sales of the homes fell 0.8 last month to 5.05 million units annual rate. The abundant foreclosed properties in the marketplace make it a buyer’s market, but with such a fragile economy, the most aggressive investors may be cautious. The brightest part of the trading day may have been brought about by LinkedIN Corp. as they were up 110 % to $94.25. We wait for the remaining balance of earnings report for further direction. The intriguing part of this picture is the fact that we have seen some fairly bright reports and earnings, yet we remain in a downtrend channel.

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Emini FuturesCast / The Daily Pod 05/18/11

So this one voice in my head totally crosses the line and then the alpha voice puts us all in time out and I end up missing the entire Live Trading Room. Tip o' the hat to Michael and Burt who carried on as if they didn't even notice I was....   HEY WAIT A MINUTE!

I did make it in for the Live Public Radio Broadcast which you are about to hear as soon as you stop reading and click the little thingy. Still reading? We talked about the markets, took a visit to Cameraville, touted our tweets, meditated on the circle of life, applied the law of thermal dynamics to the cognitive behavior of old people (like me) and talked about how we just don't get out much anymore.

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Emini FuturesCast / The Daily Pod 05/17/11

Trump declines the Presidency, my wife declines a guest spot on the program, and Mr. Las Vegas informs us that Jesus has oficially declined to return this Saturday May 21, 2011 much to the chagrin of the folks behind the billboards. All that and so much more. How do we pack so much into 2:25:47 ? Wheat thins and anti-coagulants my friend... The Official Talk Radio Breakfast of Champions!

We are still faced with an economic picture that simply reeks of a slothful recovery! The US Dollar Index as of late has even pressured the indices. The US Dollar may encounter some topping action soon, perhaps allowing for a pause in the downtrend of the E-Mini S&P 500. Unfortunately, today was fraught with negative reports. Manufacturing output was down 0.4 % as auto parts may have been sparse due to the earthquake in Japan hampering production.

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Emini FuturesCast / The Daily Pod 05/16/11

Graduation, Gold, and one Grumpy old man (me).

The onset of further economic worries may lead to a potential gap down tomorrow! Technology and non-essential stocks reacted to the weakened economy by falling today. NY Fed manufacturing “Empire State” business conditions index fell to 11.88 from 21.70 in April. NAHB Index of six month home sales was the lowest since September of 2010. We now note the inverse relationship between the US Dollar Index and the E-Mini S&P 500. We usually notice the inverse relationship between the precious metals and the US Dollar Index, but now we see the dollar pressuring most of the other commodities markets. Amazon and EBay fell about 3 each, JC Penny fell 3.2 , Lowe’s fell about 3 while Cliffs Natural Resources was up 3 and Pfizer and Merck up .4 and .3 % respectively. 

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Emini FuturesCast / The Daily Pod 05/10/11

Today we interview Michael X. More than what you hear, listen for what you don't hear. No fist bumpin', chest thumpin', bravado... just a soft spoken guy who leans towards the humble side of the aisle who also, just so happens to trade 1,000's of Emini contracts per day. Pay very close attention to his answer when I ask him what he considers a "good day". You might be closer than you think...

In fact, you could be just a Free Trial away from Emini Success!

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Emini FuturesCast / The Daily Pod 05/09/11

Today's broadcast mirrored the lack of volatility in the markets. Tomorrow Michael X will be us live at 12:30pm EDT. This will mark Michael's 3rd appearance on CFRN. He's a quiet guy who like the rest of us, trades for a living. The only real difference between you and him is that he trades on average 10,000 contracts a day. That's right - 10,000. Just another day at the office. Tune in and hear what it's like...

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Emini Futures Trading / 12 Great Reasons To Take Our Free Trial

Become a CFRN Trading Partner

I'm going to show you 12 setups from last week. 12 may or may not seem like a large number to you based on the time frame in which you trade. No matter what time frame you frequent, each of these trades have some important yet common features.

• Each entry had zero ambiguity. CFRN Traders knew the entry To The Tick!
• Each trade ran a minimum of 2 points. That's a 20% ROI if your margins are $500.
• Every setup came with limited drawdown and manageable risk.
• We can teach you to trade these exact same setups in a matter of weeks.

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Emini Futures Trading / Hi Ho Who?

E-Mini S&P 500: A few snags and the market sags!

The E-Mini S&P 500 has hit a few snags as current reports do not support a strong economic recovery!  The allocations clearly seem to go back into the Treasuries and the US Dollar. The stronger US Dollar may be partially attributed to our Federal Government not showing any signs of printing a floating more dollars any time soon. The Euro FX had sold off against the dollar today as ECB President Jean Claude Trichet has not introduced any rate hikes for the near term. The stronger dollar pressured the tangible commodity markets and the liquidation snowballed on many to almost historically noted sell-offs. To add to the mix, the Initial Jobless claims came out with an increase of 43,000 claims for jobless benefits to 474,000.  This is the highest that we have seen since August.

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Emini FuturesCast / The Daily Pod 05/04/11

Today we cover all the markets in just 1 hour and 18 minutes. I then rambled on for at least another half hour about something. Keep those cards and letters coming. I found the link to the interview from last year with Michael X. He is our friend who trades in size most of us can't imagine. He's a low key genuinely nice guy. He will be back to chat next week and answer questions, but in the meantime - read the article I wrote last year and then listen to our interview from last August. Michael will be back with us next week. I'll let you know which day as soon as we confirm.

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