EURUSD - BULL TREND ACCELERATION

The EURUSD produced a positive acceleration signal and will keep an aggressive bid above 14332. A breach of the 14423-14415 resistance and follow through is expected up to 14498 in the session. Work any held trade 14703 and 14747 are the extended targets. 14978 is the current upper extreme.

A dip under 14332 gives the buyers something to think about with a squeeze down to the 14279 and 14249 Inflection Pivot. If the positive momentum is going to pick back up it will from here. Only under 14163 is the optimistic outlook negated signaling a sentiment shift down to 13880.

JS

This post supports JS Services Strategy Based Trading approach. 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 Trial.

Canadian Dollar - Negative Signal needs Confirmation

The Sep'09 Canadian Dollar contract took a tumble and will need to sustain a trade below the 9090 support Inflection Pivot if the negative signal is going to follow through. If so expectation are for further losses targeting 8962 and 8910 on the move. 8671 is the current extreme.

A held trade above 9090 and the currency remains stuck in a difficult digestive trade up to 9210. FADE the initial challenge a fall back into a narrow sideways trade is the outlook. Only above 9210 are the buyers back at it targeting 9366.

JS

This post supports JS Services Strategy Based Trading approach. 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 Trial.

GOLD - Light the fuse

The DEC'09 GOLD contract bounced back into a digestive trade but remains in a questionable position below the 950.7-949.2 Inflection Pivot. If the MKT is going to fall back into a soft spot it will struggle to maintain a trade above here. A break below 941.2 is a sign of weakness that puts the 935.3 support in jeopardy targeting 926.1 and 921 on any turn for the worse. Use caution. Emotional trading conditions are expected. 905 and 884.8-880.6 are the extended targets.

A held rise above 950.7 signals more difficult sideways action up to 963.1-961.4. Be patient. Although a reaction is expected, trading at these levels is a sign of strength. If the MKT does not quickly turn tail after a test of the 963.1-961.4 resistance and the positive momentum will start to feed on itself putting the 990.3 and 996.8 resistance back in play.

JS

This post supports JS Services Strategy Based Trading approach. 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 Trial.

GOLD - Negative Signal needs confirmation

The DEC'09 GOLD contract is flirting with a negative shift and will remain vulnerable to a negative turn with all trading below the 949.2 Inflection Pivot. A held break under 935.3 confirms Monday's negative signal targeting 920.9 on the initial drop. Use caution. This sell off has the potential to feed on itself targeting 905 and 884/8 on any sustained decline.

A held trade above 949.2 puts the negative signal in question and the MKT back in a digestive trade up to 963.1. FADE the initial challenge a rejection is expected. Only above here are the buyers back for a run at 990.3.

JS

This post supports JS Services Strategy Based Trading approach. 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 Trial.

NAT GAS - Searching For Support

The Sep'09 NAT GAS contract is a little extended and is set to press good directional support at 2.877. If the MKT is ready to stabilize we will get a reaction here. A held failure from 2.877 is a fresh negative signal that puts the contract on edge with 2.640 and 2.288 the extended targets.

A positive reaction off the 2.877 support pivot has the potential to bounce the MKT back up to the 3.240 Inflection Pivot in the session. Don't get excited. It's not time to buy any calls, as a rejection is expected. Only above 3.408 is there hope for a recovery but even that is expected to fizzle out below 4.387.

JS

This post supports JS Services Strategy Based Trading approach. 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 Trial.

CRUDE OIL U'09 - Not So Fast

The Sep'09 CRUDE OIL produced a positive signal into resistance at 73.14. Be patient. If the rally is going to fizzle the contract will struggle to maintain a trade above here. If so the buying has the potential to feed on itself targeting 7613 on the next move. 84.83 is the extended target.

69.85 is the Inflection Pivot keeping the positive signal in play. If the MKT is going to follow through to the upside any weakness today will bottom out above here. A break under 69.85 puts the contract back in a difficult trade down to 67.84. Only under this support does sentiment shift with 64.96 the low point for any new consolidation. 57.74 is the current lower extreme.

JS

This post supports JS Services Strategy Based Trading approach. 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 Trial.

NASDAQ 100 - Corrective Negative Signal

The Sep'09 NASDAQ 100 broke positive structure and will remain vulnerable to further losses with all trading below the 1592.50 Inflection Pivot. This is the high point for any buying today if the Corrective Signal is going to play out. The 1545.25-1544 support has the potential to spoil any negative turn and a reaction should be expected.

A failure from 1544 and the pressure will start to feed on itself down to the 1512.75-1504.75 support band. Tighten up your risk. If the underlying positive momentum is going to resume the MKT will build a base here. If not the sell off can extend down to 1391.75 before it stabilizes.

A rise above 1592.50 takes the MKT off edge and puts it back in a firm neutral posture with 1641 the new digestive lid.

JS

This post supports JS Services Strategy Based Trading approach. 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 Trial.

Crude Oil - Back on the Fence

The Sep'09 CRUDE OIL contract produced a NEUTRAL POSITIVE SHIFT signal to put the market back in a firm posture pressing its upper digestive extreme at 71.61. This is the Inflection Pivot for the MKTs next move.

A held trade below here will keep the buyers at bay and the contract in a sideways churn down to 68.84. If the coil is going to tighten the weakness will bottom out here. A failure is a sign of weakness that puts the 64.00 support target in reach. Use caution. Although a bounce is expected this sell off has the potential to feed on itself down to 55.46 before it stabilizes.

A held breach of 71.61 is needed to bust this MKT out of neutral and back into a Bull Trend mode targeting 76.11 on any new advance. Expect a reaction at resistance. 83.66 and 84.72 are the high points for any positive push out of the current levels.

JS

This post supports JS Services Strategy Based Trading approach. 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 Trial.

XOI (Oil and Gas Sector Index) - Negative Signal into Support

The Oil and Gas Sector Index XOI produced a negative acceleration signal that has the potential to set up a buying opportunity today off the 933-930.95 Inflection Pivot area. All trading above here keeps the underlying sentiment positive. A break under 930.95 confirms the negative signal and breaks positive structure targeting 914.71 in what is expected to be a quick drop. Be patient. If the MKT is going to stabilize it will here. A failure and further losses down to 870.93 is the outlook.

Use the 941.88 level as a sentiment gauge for the session. Below here the buy opportunity down to 930.95 is in play. Above 941.88 and yesterday's negative is signal is suspect with the potential for a positive turn up to 960.54 and 969.69 in the session. Be patient. If the XOI is in for a sideways trade this will be the digestive high point. A BREAKOUT above 969.69 is a fresh positive signal that has 1008.85 as an immediate target.

JS

This post supports JS Services Strategy Based Trading approach. 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 Trial.

EURGBP - BEAR TREND CORRECTIVE SIGNAL

The EURGBP is doing its best to impress but remains vulnerable to a negative turn with all trading below the 8595 Inflection Pivot. A held rise above 8595 is needed to give the positive signal any credibility targeting 8734 and 8868 on any held advance. Don't buy into it. A rejection is expected on the initial challenge.

Trading below 8595 keeps the MKT in a soft spot down to 8436 with the potential of slipping as low as the 8308-8235 support band. Opportunist will no doubt find value here, however an emotional advisory warning is the forecast. 7743 is the low point for any sustained decline.

JS

This post supports JS Services Strategy Based Trading approach. 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 Trial.

SP500 - Pressing Resistance

The SP500 U'09 contract is challenging its initial resistance target area at 1018-1014.50. Expectations are for a reaction off this zone. Either a rejection down to the 973 Inflection Pivot or an acceleration up to the 1049.75 and 1078 targets.

To reduce the potential for any profit give back on a net long equity position a short futures, bear option strategy or long ETF [FAZ, SDS] position can be executed with risk parameters implemented above 1018 in the Sep'09 SP500 futures.

Expectations are for the MKT to make a decision by Monday afternoon.

JS

This post supports JS Services Strategy Based Trading approach. 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 Trial.

Natural Gas U'09 - Corrective

The Sep'09 Natural Gas contract is stuck in a corrective trade but will remain a positive opportunity above the 3.803 Inflection Pivot. Look for opportunity starting at 3.868 down to 3.803 expecting the rally off the recent lows to resume targeting 4.575 on any sustained move. 4.069 is the positive trigger for the current forecast.

A break under 3.803 puts the contract back in a messy digest with 3.537 the low point for any new consolidation. Only under here are the aggressive sellers back.

JS

This post supports JS Services Strategy Based Trading approach. 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 Trial.

British Pound U'09 - EXTENDED

The Sep'09 British Pound jumped higher and is pressing the extreme. Key off the 17008 Inflection Pivot today for an indication of the session tone. Below here the currency is vulnerable to a drop back into a digestive trade down to 16694 on any hard hit. Be patient. This is the low point for any selling if the positive momentum is going to pick back up. A failure here and the aggressive buying takes a break down to 16263.

A trade above 17008 will have the contract in a euphoric state. Respect the bid but accept REVERSAL signals off 17008. 17147 and 17364 are the targets for any new gains today and good points to employ exhaustive sell strategies. 17569 is the upper extreme.

JS

This post supports JS Services Strategy Based Trading approach. 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 Trial.

SP500 Hedge - FAZ and SDS - Timing is Everything

The leveraged short ETFs FAZ and SDS are a tools to manage profit give-back for a net long position in the SP500 or an equity portfolio with a high correlation to the index. These ETFs are timing tools good for a 1-week window event horizon. This week has all the makings of an opportunity to incorporate these tools into your trading plan.

The SP500 has been on a roll and will maintain this posture above the 973.25 Inflection Pivot targeting the 1014.50-1008.50 resistance band. Expectations are for a reaction from this area presenting a buying opportunity in the FAZ and SDS contracts. Have a defined risk plan on what you are willing to pay for this "insurance". If the Sep'09 SP500 futures starts to hold a trade above 1017 its likely the current Bull trend move has the potential to extend up to the 1050 to 1078 zone before it exhausts. This will be another area of opportunity to execute this strategy.

What type of volatility is going to play out this week remains to be seen, however positioning into the employment release on Friday should provide some play . The VIX above 2400 does have the potential for a pop so use this as a guide.

A break under the 973.25 Inflection Pivot will have the SP500 Index vulnerable to a corrective turn targeting the 939.50-937 support band on any set-back. 962 is the confirmation point for any break in momentum. This sell off does have the potential to extend down to 901-896 without altering the underlying positive sentiment. If the Bull run is going to keep pace either of these support areas will prove a base for the next advance and act like a pivot to work any SDS or FAZ position. Only under 892.50 is there a real threat of a sentiment shift in the Index

JS

This post supports JS Services Strategy Based Trading approach. 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 Trial.