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 05/03/11 | Main | CFRN Audio Feedback Hotline »
Tuesday
May032011

Emini Futures Trading / Back To The Future?

E-Mini S&P 500: Will we return to prices of 10 years ago?

The onslaught of news that Osama Bin Laden has finally been neutralized takes me back to May of 2001and does the market cycle? Well the high of May 2001 was $1335.00 and from the E-Mini S&P 500 chart of today, we may be heading back to that zone. Hopefully, we will not have any other repeated occurrences of that year. Today, the US March Factory Orders were up +3.0 showing a more healthy recovery as this was the fifth straight month reflecting an increase. The increases in the Crude Oil actually had more of a positive note in our earnings reports as US Automakers, GM and Ford Motors have increased sales due to sales of fuel efficient cars. Other earnings reports due out later by Toyota and some Japanese Car makers may not bode as well with the earthquake in Japan having impeded the production of parts. Earnings reports were mixed today as MasterCard Inc. posted an increase of 2.4 to $282 with a 24 increase in quarterly profit, while Pfizer Inc. was down about 2 on its prescription drug sales lagging. Alcoa Inc. rose 3.7   on the idea that Rio Tinto may put in an offer to buy the aluminum producer. Sears Holdings was down 9.7 and First Solar also fell 2.6 . Chinese Internet Stocks also were down with Baidu down 5.2 . China still remains the chip master on the street as the they have $3 trillion in excess reserves to be allocated to an investment. They perhaps will set-up funds in commodity products such as gold, but many commodity contracts have only an expiration such as foods must be used or retendered within a specific time frame, crude oil dissipates over time as well.  They have invested in treasury bills and in the past in treasury bonds. It will be wise to follow the Chinese investment front as Beijing  keeps us posted

Wednesday,  we look forward to ISM Non-Manufacturing Index at 9:00 AM CST.

 

BETWEEN the LINES

The following question came up on the show yesterday and again today.

  "Can the CF_MA1 Indicator could be used as a standalone trading strategy?"

We covered the question during the broadcast but in case you missed it, here's the chart from today.

 

Wednesday, what to expect! We are technically still in buy mode on the Daily Chart for the moment, but the E-Mini S&P 500 seems to have weakened. Wednesday, we look for an inside to lower day!   Today’s range was $1358.50 - $1345.75. The market settled at $1352.00. Our comfort zone or point of control for this market appears to be $1353.00. Our anticipated potential range for Wednesday’s  trading may be $1356.50  -  $1341.50. The market stays bullish above $1341.50.  

 

Leslie Burton

Senior Market Strategist

 

 

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>