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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 sogood 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
Why? Because all three indices now have a Death Cross? Because the Tony Robbins of Emini's said so? A little bit of both I guess. What is a Death Cross in technical analysis? Quite simply when the 50 period SMA drops below the 200 period SMA on the daily chart that's bad. Real bad. Can it recover? Yes. Does it often? It can take awhile. Because this is such a widely watched and respected technical indicator, many funds and individual investors will now go to cash until there is a Golden Cross. What is a Golden Cross? When the 50 period SMA rises above the 200 period SMA on a daily chart. That is good.
While this fact will weigh heavily on the markets overall, will it also create opportunity? YES! (oodles)
You can find very large bodies of work on the internet that offer every conceivable theory of how one might successfully trade emini futures. You could spend years attempting to absorb even a small fraction of it all. Research and education are admirable pursuits and I highly encourage both.
E-Mini S&P 500: Can Corporate America restore a tarnished US economy?
The E-Mini S&P 500 is in a bullish stance for the third straight day! Perhaps our faith in government has wavered, but our faith in the good old fashioned Corporate America remains steadfast. The foundation of this country was roll-up your sleeves hard work and creative dealings. That part of America remains intact. Today, Google Inc. tendered an offer for Motorola Mobility Holdings Inc. at $12.5 billion dollars stoking the marketplace for buyers. Motorola Mobility was up 56% to $38.13 buoyed by Google’s bid. Bank of America Corp. was up 7.9% to $7.76. Research in Motion was up 10.4% to $27.11. Nokia was up 17.4% to $6.29. Lowes Cos. Inc. was up 0.9% to $19.68. Tuesday, French President Nicolas Sarkozy and German Chancellor Angela Merkel meet to discuss the Euro Zone debt crisis and further steps to contain the problems of the global community. There is a great deal of optimism for a resolution to the problem and future debt warnings. New York State Manufacturing was down to -7.72 in August clearly not giving us a positive look for our next quarter. NAHB held 15 in August, again not a favorable outlook for the market.
The most troublesome area for the moment is the liquidation of the US Treasuries from foreign investors. Private foreign investors liquidated $18.9 billion in the bonds and notes perhaps in response to the US downgrade by Standard & Poor's credit agency to AA+ from the cherished AAA rating. Raising the debt ceiling may have contributed as well to the notoriety of the Treasuries. The concern is for the long-term demand in the US Treasuries. China is the largest US creditor increasing their holdings in June by $5.7 billion to $1.166 trillion. Japan had cut its holdings by $1.4 billion to $911 billion. We want to keep a check on our debt instruments.
Tuesday, we have US Housing Starts at 7:30 AM CST. US Capacity Utilization and Industrial Production at 8:15 AM CST.
Tuesday, what to expect! We are technically now in buy mode on the Daily Chart! Tuesday, we anticipate an inside to higher day! Today’s range was $1201.75 - $1176.25. The market settled at $1198.50.Our comfort zone or point of control for this market appears to be $1188.75. Our anticipated potential range for Tuesday’s trading could be $1219.00 - $1185.00. The market stays bullish above $1084.00. It is perhaps likely that we may retrace back to the $1250.00 zone technically if we are not swept away with any potentially negative turn of events.
It's been a wild ride. If you've ever been on a roller coaster you know that feeling you get as the ride ends and the wheels creak as you coast into the station. That's how today felt. With so much afoot around the globe I suggest getting some good mental rest this weekend because my guess is she leaves the station again Sunday night...
All aboard!!!
Normally on a Friday night I would post a lot of charts and impress you with how well our methodolgy and indicators nailed the market this week. Quite frankly, there are so many examples that deserve to be framed and hung in the Louvre I don't quite know where to start. We had more opportunities per day than we normally get in a week. If you have a question on a particular day or move, just post a comment and I'll post a chart.
I've already shown you the chart where our Weekly Trading Zones nailed the exact low of the weeks volatility. Probably more than anything at the moment that really stands out in my mind.
Here's a recap of what happened in the Trading Room today. These are real trades with real money. This isn't market replay tom foolery. The volatility was big, our numbers are big. What you see on every one of these recap videos is exactly what happened in real time in front of a live audience. If you're not already a CFRN Partner, take the FREE TRIAL next week and see how it's done.
Live Trading Room Daily Recap
If you have any questions call Dwain @ 573-224-3366 or email Dwain@cfrn.net .
August 18, 2011 at 4:32 PM 
Really Big and Important Emini Podcast;)
The Big Drop / Click to Enlarge
