US 30YR T-BOND - Is that it?

The Dec'09 30yr T-Bond found its footing and is and is trying to stabilize off the 119-20 inflection pivot. Technically this MKT is in a BULL TREND DIGESTION posture.

In this state the underlying tone is positive however a "stop and go" trade is likely. Where strong surges of optimism fizzle and are followed by sharp corrective action. This will be the mode above 119-20 and below 122-02. Within this price trade difficult trading conditions should be expected.

A rise above 122-02 is need to give the contract a confidence boost for a steady trend posture where the MKT starts to hold positive structure. As long as this is so the momentum will target 124-03.

A break under 119-20 puts the contract is a soft transitional trade and vulnerable to a hard retreat down to the 118-07 recent low point. Use caution. Emotional trading conditions are expected with 115-05 the current extreme.

Understanding the MKT's technical state and the inflection points that define that state is the foundation of a balanced trading approach. For a practical application review of JS Services Strategy Based Trading approach for the 30yr T-Bond last week [Oct 5-9] click here http://www.jsservices.com/recaps/JSSReviewUS105909.wmv .

JS

STRATEGY BASED TRADING Review http://progressive.powerstream.net/008/00102/edu/interactive/js_services/strategy_based_trading/index.html

For more information please contact me at info@jsservices.com. You can also visit http://www.jsservices.com/.The Inflection Pivot levels are available as a chart overlay on the following platforms; Ninja trader, Strategy Runner and eSignal. Sign up for a Complimentary FREE Trial.

Inflection Pivot Alerts on Twitter

In an effort to provide you actionable trading opportunities JS Services is providing timely alerts via Twitter. If you would like to follow click here http://twitter.com/JSservices.


Here is an example of our Tweets from Oct 8, 2009




click the image to enlarge

EuroFX Z9 - Drama Day - 14736-14644 Critical Range - http://www.inflectionpivot.blogspot.com/7:28 PM Oct 7th from txt

At 7:28pm cst the evening [19:28] the MKT was trading at @ 1.4710. This Tweet supported the Blog post for the same session which identified 1.4644 and the session sentiment bias level or Inflection Pivot.

The post highlighted 14736 as the resistance point which must be violated to invalidate the corrective signal sparking a rally into the 1.48 handle.

SP500 Index Z9 - Acid Test - 1065.50 pivotal Res - 1052.50 turning point - http://www.inflectionpivot.blogspot.com/11:35 PM Oct 7th from txt


The Tweet was sent at 11:35pm cst [23:35] identifying the 1065.50 as a pivotal resistance point for the session.

The level provided repeated reactions containing the buying for the day.






US 30YR T-BOND : 123-00 Hurdle - Going nowhere or south below here - http://www.inflectionpivot.blogspot.com/7:47 AM Oct 8th from web



The post was sent at 07:47am cst with the MKT trading at 122-20 and correctly identified 123-00 as a pivotal resistance point.

After an unsuccessful challenge of this resistance the MKT turned south targeting JS Services support pivot.






GOLD Z'09 - Set to Swing - 1042.6 Directional support - 1027.8 Turning Point - http://www.inflectionpivot.blogspot.com/7:50 AM Oct 8th from web


The Tweet was sent at 7:50am cst when the MKT was trading at 1053.7.

The MKT then broke hard into the 1042.6 Directional support area and provided a $20 bounce.









Crude Oil X'9 - Indecisive - 69.25 session Inflection Pivot - http://www.inflectionpivot.blogspot.com/7:52 AM Oct 8th from web



The Tweet was sent at 7:52am cst with the MKT trading just under the 70.42 resistance pivot alerting you of an opportunity below the MKT at 69.25.

The MKT broke hard into the 69.25 Inflection Pivot, providing a FADE opportunity good for $3.









DAX Z'9 - Vulnerable below 5729 targeting 5678 and 5628 - http://www.inflectionpivot.blogspot.com/7:54 AM Oct 8th from web


The Tweet was sent at 7:54am cst when the MKT was trading below its 5729 resistance pivot at 5719 signaling the vulnerability of a drop down to the 5678.5 support.

The MKT did break and stabilized above 5678.5 for a 50pt rally back up to the 5729 resistance pivot.









The Tweets are sent randomly highlighting opportunities in different MKTs. If you would like to see these opportunities consistently on your MKT of choice please contact me to demo our Price Map chart overlay and sign up to follow JS Services on Twitter.

Have a good weekend.

JS

STRATEGY BASED TRADING Review http://progressive.powerstream.net/008/00102/edu/interactive/js_services/strategy_based_trading/index.html

For more information please contact me at info@jsservices.com. You can also visit http://www.jsservices.com/.The Inflection Pivot levels are available as a chart overlay on the following platforms; Ninja trader, Strategy Runner and eSignal. Sign up for a Complimentary FREE Trial.

SP500 Index - Time to Play a Card

The Dec'09 SP500 contract closed firm and is pressing good directional resistance at 1067.25. If the rally is going to extend the MKT will need to maintain positive structure holding above the 1053 Inflection Pivot. If so a run for the 1078 resistance target should be expected. Expect a reaction. Only a close above here confirms this an extension of the current rise targeting 1103.25.

- A break under 1053 puts the contract back in the spin cycle down to 1042.75. Be patient. If the MIKT is going to maintain its composure it will stabilize above here. A held failure is a sign of weakness that shifts sentiment negative targeting 1022.75. 991.25-988 is the low point for any event.

JS

STRATEGY BASED TRADING Review http://progressive.powerstream.net/008/00102/edu/interactive/js_services/strategy_based_trading/index.html

For more information please contact me at info@jsservices.com. You can also visit http://www.jsservices.com/.The Inflection Pivot levels are available as a chart overlay on the following platforms; Ninja trader, Strategy Runner and eSignal. Sign up for a Complimentary FREE Trial.

EUROFX - DRAMA DAY

The Dec'09 EUROFX posted a negative technical signal against an underlying positive trend. 14644 is the Inflection Pivot that confirms or denies any short term sentiment shift. Typically if a MKT cannot confirm a negative technical signal it can act as a spring board for a fresh advance.

Key off the 14736-14644 Critical Range for a signal to the MKTs next move. A breach of 14736 negates the BULL TREND CORRECTIVE negative signal sparking fresh interest targeting the 14897-14877 resistance band on any positive turn of events.

A break under 14644 is needed to give the CORRECTIVE signal some teeth targeting 14547 on any downside follow through. Be patient. If the MKT is going to stabilize it will above here. If not the weakness can extend down to 14414 before it does.

JS

STRATEGY BASED TRADING Review http://progressive.powerstream.net/008/00102/edu/interactive/js_services/strategy_based_trading/index.html

For more information please contact me at info@jsservices.com. You can also visit http://www.jsservices.com/.The Inflection Pivot levels are available as a chart overlay on the following platforms; Ninja trader, Strategy Runner and eSignal. Sign up for a Complimentary FREE Trial.

US 30YR T-BOND - ON THE FENCE

The Dec'09 30yr T-Bond slipped lower and will remain vulnerable to further losses with all trading below the 122-05 Inflection Pivot. If yesterday's negative momentum is going to overwhelm this MKT it will not do much if any trading above here. If so expectations are for a run at the 123-02-122-30 resistance band. Be patient. This is the high point for any false hope. A breach of 123-02 confirms another strong push targeting 124-13.

A failure from 121-21 is a sign of weakness that if sustained has the potential to drop the MKT down to 120-29 and the 120-11-120-08 support band on any negative follow through. This move is expected to be relentless with not much in the way of pull backs. 119-09 and 118-14 are the extended targets.

JS

STRATEGY BASED TRADING Review http://progressive.powerstream.net/008/00102/edu/interactive/js_services/strategy_based_trading/index.html

For more information please contact me at info@jsservices.com. You can also visit http://www.jsservices.com/.The Inflection Pivot levels are available as a chart overlay on the following platforms; Ninja trader, Strategy Runner and eSignal. Sign up for a Complimentary FREE Trial.

Risk Management Overlay Example - Recap 10/2/2009

Risk Management is what it is all about in trading the futures markets. Putting structure to random price action is what JS Services Price Map does. Below is a recap of Friday October 2nd action from Thursday's Blog post and the Price Map performance.

RECAP - October 2, 2009


INTEREST RATES

The world is ready for a little fireworks today as we kick off volatility month. Watch the Interest Rates today for confirmation of an event. The 30yr T-Bond basis Dec'09 has a major resistance inflection pivot at 123-23 and the Dec'09 10yr T-Note resistance pivot is at120-070. If the long end of the curve is going to stall out they each will show signs of strain here. A sustained breach of resistance in both contracts have the potential to launch and put the rest of the world on its head.

US 30YR T-BOND Z'09





* Notice how the 30yr reacted off the 123-23 resistance pivot defining the day for the MKT. This signal provided a clue that it was going to be business as usual for the rest of the world.

US 10YR T-NOTE Z'09





* The 10yr was unable to attain its major resistance and stalled out at a minor level but in confluence with the 30yr. Later in the session the 10yr action off the DIR [Directional level] provided a clue that the 30yr was vulnerable to further losses.





EQUITIES
In the Equities the Dec'09 SP500 can slip as low as 1011.50 without doing much damage to the MKTs underlying confidence. A held failure here and tings can get emotional with 994 and 977 targeted. A rise above the 1036.50 session Inflection Pivot will make yesterday's weakness look like a head fake and if the Interest Rates have rejected hard from their resistance it will be back to bidness as usual targeting 1063.

SP500 INDEX Z'09





* The 1011.50 level proved to be the key support inflection point for the Index. The negative reaction in the 30yr providing confidence that the MKT was due for a positive reaction off this level.






CURRENCY
The Dec'09 EUROFX is set for a big range day and remains in a corrective trade below the 14667 Inflection Pivot. A break under 14499 and yesterday's negative momentum has the potential to accelerate with 14415 and 14247 the lower targets. A rise above 14667 and the buyers will look to take back lost ground in a hurry, putting the recent highs at 14844 in jeopardy.



EUROFX Z'09






* Notice how the EUROFX provided a REVERSAL signal off the 14499 support pivot. The negative reaction in the 30yr providing confidence that no event was in play and a reaction up to the 14667 Inflection Pivot should be expected.



GOLD
Dec'09 GOLD is in a NEUTRAL CORRECTIVE posture with 1005.8 the session Inflection Pivot. Draw a line here. Below this price the yellow metal is vulnerable to a drop down to 985.8-983.7 with the potential to go a low as 970.8. 933.3 is the current lower extreme. A rise above 1005.8 and the buyers will try to flex. If the interest is going to fizzle it will against 1015.8. A violation here and we could be in for the big one to the upside with 1033.9 and 1065.2 the initial targets.


GOLD Z'09



* As expected GOLD made a play for the 985.8 support level, however the negative REVERSAL in the 30yr cut the move short signaling a re-test of the 1005.8 Inflection Pivot. MKTs like to gravitate to their key pivotal areas when they are indecisive on what to do next.

ENERGY

Nov'09 NAT GAS is flirting with disaster. Key off the 4.553 Inflection Pivot for an indication for he session tone. Below here yesterday's BEAR TREND ACCELERATION signal keeps the controls with a failure from 4.388 confirming the signal targeting 4.035 on any negative follow through. A rise above 4.553 delays the inevitable for a difficult trade up to 4.716. If the aggressive sellers are going to return they will enter here. If not a positive shift into neutral is the outlook with 5.030 the upper digestive extreme.

NAT GAS X'09

* The NAT GAS MKT tried to press it to the downside but could not hold under the 4.388 support, producing a reaction back up to the 4.553 Inflection Pivot. As a confirmation to the positive REVERSAL signal the contract rotated up to the top of its expected digestive range at 4.716.

Having a RISK MANAGEMENT OVERLAY provides structure. Understanding structure allows you to anticipate opportunity not react to it. This is the difference between marginal and great success. Get the edge.

JS

For more information please contact me at info@jsservices.com. You can also visit http://www.jsservices.com/. Sign up for a Complimentary FREE Trial.

Show Time

The world is ready for a little fireworks today as we kick off volatility month. Watch the Interest Rates today for confirmation of an event. The 30yr T-Bond basis Dec'09 has a major resistance inflection pivot at 123-23 and the Dec'09 10yr T-Note resistance pivot is at120-070. If the long end of the curve is going to stall out they each will show signs of strain here. A sustained breach of resistance in both contracts have the potential to launch and put the rest of the world on its head.

In the Equities the Dec'09 SP500 can slip as low as 1011.50 without doing much damage to the MKTs underlying confidence. A held failure here and tings can get emotional with 994 and 977 targeted. A rise above the 1036.50 session Inflection Pivot will make yesterday's weakness look like a head fake and if the Interest Rates have rejected hard from their resistance it will be back to bidness as usual targeting 1063.

The Dec'09 EUROFX is set for a big range day and remains in a corrective trade below the 14667 Inflection Pivot. A break under 14499 and yesterday's negative momentum has the potential to accelerate with 14415 and 14247 the lower targets. A rise above 14667 and the buyers will look to take back lost ground in a hurry, putting the recent highs at 14844 in jeopardy.

Dec'09 GOLD is in a NEUTRAL CORRECTIVE posture with 1005.8 the session Inflection Pivot. Draw a line here. Below this price the yellow metal is vulnerable to a drop down to 985.8-983.7 with the potential to go a low as 970.8. 933.3 is the current lower extreme. A rise above 1005.8 and the buyers will try to flex. If the interest is going to fizzle it will against 1015.8. A violation here and we could be in for the big one to the upside with 1033.9 and 1065.2 the initial targets.

Nov'09 NAT GAS is flirting with disaster. Key off the 4.553 Inflection Pivot for an indication for he session tone. Below here yesterday's BEAR TREND ACCELERATION signal keeps the controls with a failure from 4.388 confirming the signal targeting 4.035 on any negative follow through. A rise above 4.553 delays the inevitable for a difficult trade up to 4.716. If the aggressive sellers are going to return they will enter here. If not a positive shift into neutral is the outlook with 5.030 the upper digestive extreme.

Have a plan and use resting limits. Emotions are set to be tested. Stick with your structure.

Good Fortune.

JS

STRATEGY BASED TRADING Review http://progressive.powerstream.net/008/00102/edu/interactive/js_services/strategy_based_trading/index.html

For more information please contact me at info@jsservices.com. You can also visit http://www.jsservices.com/.The Inflection Pivot levels are available as a chart overlay on the following platforms; Ninja trader, Strategy Runner and eSignal. Sign up for a Complimentary FREE Trial.