Members' Area
This area does not yet contain any content.
Emini Futures Trading Blog
Members Area
Live Emini Training Room
Christian Financial Radio Network
Emini Broadcast Listen Live

 

Live Market Commentary


Every Trading Day 12-2pm Eastern

To view our charts and participate
in the live discussion

Click Here

 

 

 

Compatible Trading Platforms

 

Christian Financial Radio Network BBB Business Review

 

 

 

What happens in your E-Mini Live Trading Room?

For traders seeking hands-on instruction in a virtual classroom, we offer the CFRN Live emini trading room. CFRN wraps all of its proprietary trading systems, indicators, and methodology into this unique educational environment.

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 so good 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

- R.H. Canada

More testimonials ...



Follow Us
« Emini FuturesCast / The Daily Pod 04/27/11 | Main | Emini FuturesCast / The Daily Pod 04/026/11 »
Wednesday
Apr272011

Emini Futures Trading / Oh Snap!

E-Mini S&P 500: Beware the rubber band!

The E-Mini S&P 500 extended yet another day on Federal Chairman Ben Bernanke’s words of continued support today! He suggested that the moderate pace of the recovery with the light inflationary concerns was still on target. The $600 billion dollar bond-buying program will expire June 30, but the money should be reinvested again perhaps. The “extended period” is still in place and with the US Federal Government support, the rally ensued in the E-Mini S&P 500. The US Federal Government is aware of the warning from Standard & Poor’s potential downgrade, but is modestly optimistic with the long-term plan and potential progress. In the midst of some fairly positive earnings reports, up seemed like the only way to go. General Electric rose 3.2%  to $20.75.  Boeing Co. rose 0.8% to $76.17. Whirlpool rose 0.3% to $88.14.  About 220 companies of the S&P 500 reported earnings of which 73% were above expectations. We anticipate further progress in the earnings reports, but note that some business may slacken due to Japan’s earthquake as motor vehicle parts may be manufactured there and the Middle East crisis with the rise in Crude Oil prices may cut some of the potential profits. With these factors accounted for, we still have a productive earnings season, supported by our US Government. The market did overextend in yesterday’s and today’s trading, so a pullback would be in order. The direction for the next couple of months may be bullish, but tomorrow may give us pause.  Volume is still on the light side.

Thursday,  we look forward to GDP and Initial Jobless Claims at 7:30 AM CST.  

BETWEEN the LINES

Let's look at those smaller time frames tonight...

ES / 10 minute chart

YM / 10 minute chart

ES / 1 minute chart

YM / 1 minute chart

Soybeans / 6 tick range chart

All Markets / All Time Frames - TAKE THE FREE TRIAL!

 

Thursday, what to expect!  We are technically in buy mode on the Daily Chart. The E-Mini S&P 500 has accelerated its break-out further prompted by the Federal Committee Chairman keeping the “extended period” and an accommodative monetary policy. Thursday, we look for an inside to lower day! The market is a bit like a rubber band – when it over extends, it may snap back. Today’s range was $1354.25 - $1340.25. The market settled at $1351.00. Our comfort zone or point of control for this market appears to be $1344.75. Our anticipated range for Thursday’s trading is $1354.25  -  $1330.00. The market stays bullish above $1330.00.     

Leslie Burton

Connect with us: Follow Me on PinterestFollow us on Twitter! Follow us on Facebook! Read the MailChimp blog Learn MailChimp on iTunes

Reader Comments

There are no comments for this journal entry. To create a new comment, use the form below.

PostPost a New Comment

Enter your information below to add a new comment.

My response is on my own website »
Author Email (optional):
Author URL (optional):
Post:
 
Some HTML allowed: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <code> <em> <i> <strike> <strong>