Emini Futures Trading / I Climb Therefore I Am
February 8, 2011 at 7:49 PM (QQQQ)(DIA)(SPY)(GLD)
E-Mini S&P 500- the little market that could!
The E-Mini S&P 500 just keeps chugging a little higher every day! There were no major economic reports out today. Mergers and Earnings fueled the upward move to a certain degree. Kindred Healthcare Inc was involved in the potential acquisition of RehabCare Group Inc. which should make it sort of a mega long-term care facility in health care. 72% of the reported S&P 500 companies were good out of the half in so far. McDonald’s Corp was up 1.1% to $74.22 before the open. China’s Central Bank initiated a rate hike, the 2nd in over a month. They institute these hikes to control potential inflation. The Lunar New Year ends tomorrow morning.
The E-Mini S&P 500 main driver perhaps would be the fairly positive data, but moreover the Market Sentiment and Technical Indicators that guide the move higher. The high of the day was $1322.25 and the low $1313.00. We closed toward the high at $1321.75.
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Between the Lines
Tonight we look at the CT_SR.
Normally "Between the Lines" is reserved for our Weekly Trading Zones, but since this is the final week of FREEdom, we want to showcase and highlight each and every piece of the CFRN Emini Indicator Suite. We have a new indicator that will -
and we'll be posting a screen shot of it Saturday night. I know......Special Offer ends Friday night at midnight. But hey....... these things take time and it won't just be 1 screen shot, it will be 30. That's right, you get to see every trade the new indicator signaled for the last 30 days. But tonight, you get to see every signal the CT_SR gave in the last 24 hours. Want more? Twitter me.......... @CFRN and be sure to include the hash tag #emini
;)
Is this a Stand-Alone strategy? You tell me......
A to B 3 points?
B to C 3 points?
C to D 2 points?
D to E 2 points?
E to F 3 points?
F to G 1 point?
G to H 3 points?
H to I 2 points ?
I to J 3 points?
I know what you're thinking.
"This guy is nuts. That's more than 22 points in 24 hours and there was only a 10 point range for the entire 24 hour period, and he didn't even count the outside stretch."
YEP! that's how we roll...
And that's just 1 of the 5 indicators you get when you become a CFRN Partner.
Remember ~ #6 rolls out Saturday Night!
You can take the hard road like I did.
Or.............
It's all up to you. Now back to Burt's report -
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What to potentially expect tomorrow! $1302.00 becomes key support with today’s action. The top of the day may be $1324.75. The point of control or comfort zone of the E-Mini S&P 500 may be $1318.00 for tomorrow’s trading! The upbeat sentiment continues – the trend is your friend! (he said with a smirk)
The only thing in life achieved without effort is failure....
Burton R. Schlichter
Daniels Trading
Senior Market Strategist
100 South Wacker Drive
Suite 1225
Chicago, IL. 60606
866-928-3310 Toll-Free
312-706-7647 Local
312-706-7547 Fax
bschlichter@danielstrading.com
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