Emini Futures Trading Blog
Members' Area
This area does not yet contain any content.
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


Trading is risky and not suitable for all people. Please read the CFTC Required Disclosure Page and the CFRN Disclaimer Page as part of our Terms of Service. 


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
« Bull And Bear Emini Tug Of War | Main | Coaches Corner - Focus | Episode #4 »

Emini Podcast | Episode #1,570 - Are We There Yet?



Markets Looking For A Top - Are We There Yet?


Stocks began the year with a bullish push. There's an old adage that so called "calendar money" or "new money" comes into the market over a 3 day period. That explains the big gap open we saw on Wednesday January 2, the first trading day of 2013. It also explains what we saw on both Thursday and Friday. The question today as the markets opened was "What happens when the new money dries up?"

The chart below is a Globex 24 hour chart of the S&P500 Emini Futures. 


(ES) S&P500 Daily Chart


This chart clearly show the gap mentioned earlier. On 01/02/13, first trading day of the new year, we saw not only a gap open, but a gap and run. In other words, the bullish sentiment exhibited at the Globex opening bell which was 5AM CST due to the holiday, continued throughout the day and we closed just off the highs. On Thursday 01/03/13, second trading day of the new year, we saw a slightly higher high, but the session closed with a bearish (red) Doji. Friday 01/04/13, final day of the first trading week of the new year, the bulls returned to close the market at the highest level in 5 years.

This represents the 3 calendar days of the new money we spoke of earlier. Monday's candle (day 4) has a name, it's called the Hanging Man. Yes, it is an ominous indication for Bulls. My read is that while it does fall within proper context, I would like to have seen a slightly higher high to confirm my bearish suspicions. The Globex session is now underway for Tuesday and as you can see we are already testing the lows of Monday prior to the European open.

I was asked in a public forum if I thought the ship was sinking. My reply was "No, but it does appear we are taking on water." For a more detailed chart of why this top is important have a look at the chart I posted on Friday. Once you review the triple top on that chart, have a look at this one.


SP500 Triple TopS&P500 Triple Top    Source: JP Morgan




As opportunities unfold we'll keep you posted.



Trading's Not Easy - But It Can Be Simple!



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

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


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





Emini Podcast for Monday 01/07/13

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):
Some HTML allowed: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <code> <em> <i> <strike> <strong>