US Markets Closed By Hurricane Sandy
October 28, 2012 at 8:35 PM (QQQ)(PFE)(SPY)(NRG)(ETR)
We will update as we have more information...
CME just announced Electronic Markets will remain open.
New York City has issued a mandatory evacuation of Zone A, which includes CME Group's NYMEX World Headquarters and New York trading floor. As a result, the New York trading floor will be closed on Monday, October 29. We will open all of our electronic markets at their regularly scheduled times on CME Globex and CME ClearPort, our online electronic platforms. We will continue to update cmegroup.com as additional information becomes available. Source: CMEGroup
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If you are in the path of the storm and need assistance call toll free 866-928-3310.
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@CFRN Twitter Update
Our Soybean Tweet from last week triggered tonight during the Globex session.
Consider being short ZSX2 below 1551 or long above 1572 whichever presents first. #soybeans #grains $ZS_F
— DeWayne Reeves (@CFRN) October 26, 2012
As usual we encouraged Aggressive Risk Management -
If short November Soybeans #ZSX2 per our last Tweet, manage your stops. Never let a winner turn into a loser. #soybeans #ZS_F #trading
— DeWayne Reeves (@CFRN) October 29, 2012
As we type @ 10:55PM PDT November Soybeans ZSX2 are trading just off the low at 15.46. So far the profit potential has been 5 cents which is equal to 5 points in the S&P 500 Emini. 5 X $50 = $250 per contract. Further downside potential is possible. Remember: "A bird in the hand can bite you". Past performance is no guarantee of future results. Have fun! Either way you'll never look at an Edamame Appetizer the same way again...
Our trigger on Corn for days has been 7.3100, so far on Globex we've reached a low of 7.3250.
Consider being short December Corn below 7.31. twitter.com/CFRN/status/26…
— DeWayne Reeves (@CFRN) October 24, 2012
Corn also pays $50 per penny, per contract, just as the S&P Emini pays $50 for 1 point.
We did issue a new Tweet tonight on the British Pound -
British Pound #6BZ2 we are raising our entry to consider being short below 1.6063. The long side remains the same. $6B_F #currency #trading
— DeWayne Reeves (@CFRN) October 29, 2012
Swing Trader Update
The CFRN Emini Swing Trader is back in Swing!
After a brief hiatus, we're once again in the Batter's Box. Last week we issued the following trades.
Consider being short ESZ2 below 1411.50 or long above 1457.00 whichever presents first. Once triggered we will issue targets and stops.
3:36 PM - 21 Oct 12
Consider moving Stop to Break Even. Look for target of 1401 initially. May see consolidation at 1407.50. Will update as trade progresses...
Consider locking in minimum 5 points. Potential bounce at Weekly Zone. Will update as trade progresses...
Move from 1411.50 dropped to low of 1402, just above WTZ. If flat consider being short below 1409.50. If price drops below 1400 watch 1375.
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