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
« Soybean Daytrader Up 30% On Soft Launch | Main | Twitter Feed S&P 500 / Dow / Nasdaq »
Monday
Jul302012

S&P 500 Technical And Fundamental Analysis

S&P 500 Technical Analysis

 

Daily Chart

 

  • Price is above the 50 Period SMA
  • Price is above the 200 Period SMA
  • The 50 Period SMA is above the 200 Period SMA
  • The last Golden Cross was on January 31, 2012
  • Price is currently testing the top of its Channel

 

This is the 3rd test of the top since the Channel began April 2, 2012

 

SP 500 Daily ChartS&P 500 Daily Chart
(click to view)

Analysis - This chart is dynamically bullish. However the top of the channel is the key. If we break out and hold the top of the channel on a pull-back, we can anticipate much higher prices. On a strong break we would expect to see 1406/1407 followed by possibly1439/1440. However, if price fails to break out of this channel we should anticipate a significant drop back to the 1340/1341 area. We expect this situation to resolve itself within 3 trading days or less.

 

S&P 500 Fundamental Analysis

 

Analysis - Congress goes on vacation this Friday. There are rumors afoot that suggest the Obama Administration and House Republicans could emerge this week with a surprise compromise in which the Bush tax cuts would be extended for all but the wealthiest Americans, with the bar being as high as $1 million to $5 million per year in household income.

If this happens, the market would likely respond quite favorably. The uncertainty of the fiscal cliff would be overcome. Europe would move higher as well. European leaders have said the fiscal cliff is having a depressing effect on share prices there until more more is known about next year's U.S. tax regime.

Last Wednesday a Wall Street Journal article suggested the Federal Reserve was ready to mount a third round of quantitative easing in a renewed attempt to stimulate and stabilize the U.S. economy. This story sparked the late-week rally which continued today. Last Thursday European Central Bank chief Mario Draghi (Super Mario) said he would do whatever it took to save the euro. Friday, German Chancellor Angela Merkel and French President Francois Hollande formally agreed with Draghi. Saturday Treasury Secretary Geithner left for Germany to talk with his comrades. 

Fundamentally we have a lot cooking. However, we have to get through the next 2 days as the FOMC meets, followed by an ECB press conference on Thursday. If the markets get what they want (more stimuli) pop goes the weasel. If there is the slightest hint that we won't, pop becomes flop.

How To Trade It - Once again the key is the test of the top of the channel on the S&P Cash Daily Chart which is currently underway. From an Emini Futures point of view - 


 

Since we anticipate volatility, the setup provides an opportunity to take advantge of the move no matter how the wind breaks. As always - Use A Hard Stop!

 

S&P 500 Emini Futures Twitter Feed

 

SP 500 Emini Futures Globex TweetS&P 500 Emini Futures Globex Tweet

 

Last week we published a post - Why Important Prices Are Almost Always Tested 

I encourage you to read it and then look at the entire day today and see if you also think 1380.50 was an important price. Not only will you see the resistance in the chart above, but you should also see where it became good support. If you have any trouble spotting it, pop in to the Live Emini Trading Room tomorrow or give us a call.

 

November Soybeans


November SoybeansNovember Soybeans

 

Over the weekend, those who were watching the feed closely saw a suggestion to consider buying November Soybeans @ 16.1500 Stop with a consideration to add more @ 16.3600 Stop. If you saw it and caught it... Cheers!

 

Questions?

Call us toll free @ 866-928-3310 during normal business hours.

After Dark - email support@cfrn.net or call 415-857-5654

 

Discussed on today's broadcast: (SPY)(DIA)(GLD)(FB)(TSLA) 


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

 Please leave a review on iTunes

 

5 DAY FREE TRIAL


Emini Podcast for Monday 07/30/12

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>