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

 

 

 

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
« The Alchemists - Interview w/ Neil Irwin | Main | Managed Futures Trades | 866-928-3310 »
Wednesday
Apr102013

S&P 500 Posts All Time Historic High

(QQQ)(DIA)(SPY)(GLD)(FB)

 

S&P 500 Posts All Time Historic High Against Backdrop of Global Economic Woes

 

Cash flows in from all points... It's the beginning of a new quarter, we have a loose cannon threatening the world with his thermo-nuclear pop gun and Europe is broke. Historically April is a strong month for stocks and both US and Global investors desperate for a return, are putting their money to work and fund managers couldn't be happier.

We watch the hubris with a cautious eye, a steady hand.. and a hard stop. This house of cards could come tumbling down faster than a DDOS attack on the Bitcoin mint. Exactly. We called it, it happened, but honestly officer.. we had nothing to do with it.

While the world turns, we continue to take advantage of volatility trading the S&P 500 Emini Futures, Commodities and Currency Futures. Unlike my soapbox oratories, our trades tend to be short and to the point. Our goal is simple - "To make money daily".

Let's have a look at the opportunities the market has presented so far this week:

Consider short below 1543 or long above 1551, whichever presents. Want opinion on a specific market? Tweet me.

This trade did not trigger Sunday night. Monday we did break through 1551 on the upside, but the market only made 1 Point available on the follow through.

ESM3 - Consider being long above 1553 or short below 1542.

The market was considerably kinder on this trade as you can see on the chart below - 

 

SP 500 Emini - Tweet Zone To Zone MoveS&P 500 Emini - Tweet Zone To Zone Move

 

The Weekly Trading Zone 1545/1546 provided support for the market on Monday and was the foundation not only for our Tweet but for a Zone to Zone move worth 12 points. The Weekly Trading Zones are distributed to Partners before the market opens every Monday. Once published, they do not change for the entire week. If you go back over historical charts, ours or your own, you will notice a pattern. Price moves from zone to zone, over and over, day after day, week after week. There are very few absolutes in trading, but this is a truth you can hang your hat on.

In addition to the Zone to Zone move, our Tweet at 1553 put in a swing high at 1562.75. While the market did make 9.75 points available, we suggested to those following the trade to consider taking at least some profits at the WTZ. If you unloaded your entire position at the Zone, the market still made 5 points available. If your daily goal is 2 points a day, that trade alone was good for half your weekly goal.

Our next trade on Tuesday was again a two sided coin. As you can see from the chart, price dipped 2 ticks below 1556 before reversing. Based on your method of entry, those 2 ticks could have resulted in a trade that was stopped out. There were considerable opportunities to exit at break even, but the real trade turned out to be on up-side. This should come as no surprise, we have been in a slight uptrend since we gapped into the New Year.

ESM3 - If flat from previous Tweet, consider being long above 1564 or short below 1556, whichever presents first.

 

SP Emini Tweet - 1564S&P Emini Tweet - 1564

 

Again we see a Zone to Zone move from 1559 to 1569. A clean 10 point move with all Green on the hourly chart. The Tweet triggered at 1564 and screeched to a halt at exactly 1569 - the WTZ. From the trigger to the Zone, the market made 5 points available in addition to the 10 point Zone move.

ESM3 - Price is now testing 1564 from the last Tweet. How to trade it? Consider being long above 1565.

As you know, we feel very strongly about the market testing important prices and areas. That's what prompted the Tweet above and the one below.

ESM3 - Keep in mind the long above 1565 idea, now that we've re-tested 1554, is still valid if triggered.

The result? We were given 2 bites of the apple at 1565. Notice how price was was rejected at the Zone just as it was on the previous trade? From the trigger to the Zone, the market made 4 points available (twice). If you remained in the trade, you had quite a ride up to the next Zone. (almost..)

 

SP Emini Tweet  - 1565S&P Emini Tweet  - 1565

 

We still have two trading days left in this historic week. How will it end? If probability has its way, we expect to close the week below our highest Weekly Zone at 1586/87. We might spike it, and/or trade above it, but by close of business on Friday...

As I mentioned earlier, there are very few absolutes in trading. Anything can happen. ANYTHING

In the meantime, there's a Tweet in the wind for you.... 

 

 

Trading's not easy - but it can be Simple!
 


 

Questions?

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

 

 

5 DAY FREE TRIAL


Emini Podcast for Wednesday 04/10/13

References (7)

References allow you to track sources for this article, as well as articles that were written in response to this article.
  • Response
    Response: www.cavb.org
    This is such a great resource that you are providing and you give it away for free. I love seeing websites that understand the value of providing a quality resource for free. It is the old what goes around comes around routine. Did you acquired lots of links and I see ...
  • Response
    I am trying so hard to accept that its safe to listen to you. I just read the preliminary report about the inquiry into why people were infected with hepatitis C and HIV from contaminated blood and blood products. Hundreds of people in Scotland, including haemophilia sufferers and other patients, were ...
  • Response
    great site. Keep doing
  • Response
    Response: yAbTHAfl
    S&P 500 Posts All Time Historic High - emini news blog - Emini Trading
  • Response
    Football is definitely a single of the most significant sports in America. It has a main following.
  • Response
    Response: Source
    Nice Web page, Continue the good job. With thanks.
  • Response
    Very good Web site, Keep up the fantastic job. Thank you!

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>