Today's BEAR TREND ACCELERATION Signals

The Strategy Based Trading approach is the focus on the applied strategy over a specific market. Define a strategy that you are comfortable with and apply that strategy in MKTs whose technical state is in line with your strategy criteria.

Today we are going to focus on MKTs that have produced a major negative signal BEAR TREND ACCELERATION. This is a big negative that should accelerate the current downside momentum if valid. The question, is does this signal have potential or was yesterday's signal just a 1 day event. The price point to key off that keeps the MKT in an aggressive sell posture is the session Inflection Pivot. This is the price point that defines the technical state from being an aggressive sell posture below that price point to a potential reversal or digestive trade above that price point.

Trading below the session Inflection Pivot or what JS Services calls its REVERSAL LEVEL or R Level has the MKT in an aggressive posture and the BEAR TREND ACCELERATION signal in play. Trading above this price point is an indication that the negative vulnerability of the MKT is reduced and there is a better chance of a sharp positive push of firm digestive trade.

October 29, 2009

Below are the MKTs that have produced a BEAR TREND ACCELERATION signal and the Inflection Pivot that determines the continuation of the sell signal or not.

EQUITY FUTURES [DEC09]

SP500 1051.75

Dow Fut 9702

Nasdaq100 1672.25

CURRENCIES

Canadian Dollar z'09 9341

AUDUSD FOREX 9020

EURGBP FOREX 9003

Draw a line on your intra-day chart at these levels. Look for opportunity in the direction of the price bias. Executing at or near these price points will provide the best risk / reward.

If the current price is above the Inflection Pivot the the current sentiment is like "prove it to me". If the MKT cannot break under the Inflection Pivot the likely hood that yesterday's signal day was a 1 day event and the potential for a corrective rally is high. If the Inflection Pivot is above the MKT then the negative signal is in play "up" to that price point. Any lower sales are not "wrong" unless the MKT is above the Inflection Pivot and sell signal below this point should be taken.

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

Entry Strategies

Execution Strategies off a qualified price point or Inflection Pivot take the form of 3 basic techniques, defined as either a FADE, BREAKOUT or REVERSAL.

The following webvideo http://www.jsservices.com/education/sbt/CME_EntryStrategies5min.wmv goes over an entry strategy technique in the ND100 Index.

JS

BULL TREND CORRECTION: SP500, ND100, DOW30, AUDUSD, CORN, GOLD

Today we are going to focus on MKTs that have produced a negative signal against an underlying positive trend or a BULL TREND CORRECTION signal state.

The question, is this negative signal going to follow through or is this just a 1 day event and the underlying positive momentum is going to resume. The price point that answers this question and determines this "sentiment shift" is the session Inflection Pivot. This is the price point that defines the technical state from being a negative "corrective"posture below that price point to a positive BULL TREND position above that price point.

For OCTOBER 26, 2009 all markets that have produced a BULL TREND CORRECTIVE signal are CURRENTLY above their Inflection Pivot. In this situation the Inflection Pivot is basically saying "prove it to me". If the market is bad it should break below the Inflection Pivot and not look back. A held trade above this price keeps the market in a firm digestive trade.

Today I have added an additional price level, a resistance pivot or Upside Pivot. This is the price point where the positive underlying trend should be expected to resume. Each level should be drawn on an intra-day chart for a visual presentation of opportunity. Trading above the Inflection Pivot keeps the market firm however a resumption of the BULL TREND is not confirmed until the market is above the Upside Pivot. This application is available for automatic updates in following platforms: Strategy Runner, Ninja Trader and eSignal. Click here for a Complimentary FREE Trial.

EQUITY FUTURES [DEC09]

SP500 1056.75 Inflection Pivot : Upside pivot 1082.50

Nasdaq100 1716.50 Inflection Pivot : Upside Pivot 1779.50

Dow Futures 9927 Inflection Pivot : Upside Pivot 10029

FOREX

AUDUSD 9201 Inflection Pivot : Upside Pivot 9277

Commodity [Dec' 09]

CORN 389-0 Inflection Pivot : Upside Pivot 408-0

Metals [Dec'09]

GOLD 1043.7 Inflection Pivot : Upside Pivot 1069

Draw a line on your intra-day chart at these levels. Look for opportunity in the direction of the Inflection Pivot price bias. Executing at or near these price points will provide the best risk / reward. SELL BREAKOUT below the Inflection Pivot as well as BUY REVERSAL on a false breakdown signals are opportunity. SELL FADE against the Upside Pivot expecting the negative signal to continue or BUY BREAKOUT entry strategies above the Upside Pivot should be considered expecting the BULL TREND to resume.

Good Trading.

JS

Strategy Based Trading is a methodology that focuses on the applied strategy verses a specific market and looks to align strategies with markets whose current technical behavior matches the strategies criteria.

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/.

BULL TREND CORRECTION SIGNAL for SP, DOW, MidCap400, 5yr, 30yr, BOBL, BUND, DAX, EuroStoxx and FTSE

The Strategy Based Trading approach is the focus on the applied strategy over a specific market. Define a strategy that you are comfortable with and apply that strategy in MKTs whose technical state is in line with your strategy criteria.

Today we are going to focus on MKTs that have produced a negative signal against an underlying positive trend or a BULL TREND CORRECTION signal state. The question, is this negative signal going to follow through or is this just a 1 day event and the underlying positive momentum is going to resume. The price point that answers this question and determines this "sentiment shift" is the session Inflection Pivot. This is the price point that defines the technical state from being a negative "corrective"posture below that price point to a positive BULL TREND position above that price point.

Trading below the session Inflection Pivot or what JS Services calls its REVERSAL LEVEL or R Level is negative keeping the CORRECTIVE SELL signal in play and the MKT vulnerable. Trading above this price point is an indication that the negative vulnerability of the MKT is reduced and there is a better chance that the underlying positive momentum is going to resume.

For OCTOBER 22, 2009 below are the MKTs that are in a BULL TREND CORRECTIVE state and the Inflection Pivot that determines the contiuation of the sell signal or a reversion to the underlying positive trend.

EQUITY FUTURES [DEC09]

SP500 1083.75
Dow Fut 9927
MidCap400 701.90
DAX 5785
EuroStoxx 2880
FTSE100 5230


INTEREST RATE FUTURES [DEC09]

US 30YR T-BOND 120-25
US 5YR T-NOTE 106-057
BUND 12183
BOBL 11528

Draw a line on your intra-day chart at these levels. Look for opporunty in the direction of the price bias. Executing at or near these price points will provide the best risk / reward. SELL FADE and BUY BREAKOUT should be considered as entry strategies at these levels.

Good Trading.

JS

Strategy Based Trading is a methodology that focuses on the applied strategy verses a specific market and looks to align strategies with markets whose current technical behavior matches the strategies criteria.

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 Tri

EuroFX - Mixed Signals

The Dec'09 EUROFX is working higher but losing technical indicator support. 14897 is the Inflection Pivot or the price point that defines the session bias. Above here any pull-back is a buying opportunity expecting a charge to new move highs targeting the 15059-15088 resistance band. Be patient. If the rally is going to fizzle it will within this zone. Jump on any REVERSAL signal expecting a sharp exhaustive reaction. 15209 is he current extreme.

A slip under 14951 sets up a test of the 14897 support Inflection Pivot. If the underlying positive tone is going to hold so will this support. A failure here and the currency slips back into a digestive trade down to 14822 and 14796 on any short term sentiment shift. Be patient. If this is just a bunch of mind games that contract will maintain its composure. A break under 14758 confirms a negative turn forecasting a decline down to 14565 and 14514. Expect no follow through.

JS

For more information on JS Services 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

Strategy Based Trading - BULL TREND CORRECTION

The Strategy Based Trading approach is the focus on the applied strategy over a specific market. Define a strategy that you are comfortable with and apply that strategy in MKTs whose technical state is in line with your strategy criteria.


Today we are going to focus on MKTs that have produced a negative signal against an underlying positive trend or a BULL TREND CORRECTION signal state. The question, is this negative signal going to follow through or is this just a 1 day event and the underlying positive momentum is going to resume. The price point that answers this question and determines this "sentiment shift" is the session Inflection Pivot. This is the price point that defines the technical state from being a negative "corrective"posture below that price point to a positive BULL TREND position above that price point.

Trading below the session Inflection Pivot or what JS Services calls its REVERSAL LEVEL or R Level is negative keeping the CORRECTIVE SELL signal in play and the MKT vulnerable. Trading above this price point is an indication that the negative vulnerability of the MKT is reduced and there is a better chance that the underlying positive momentum is going to resume.

Starting the week of OCT 19, 2009 the Canadian Dolllar and 2yr T-Note futures and the FOREX AUDUSD major cross rate are in the BULL TREND CORRECTION technical state.

Canadian Dollar Dec'09 contract

Expectation today are that Friday's negative signal will weigh on the MKT below the 9663 Inflection Pivot, pressing support at 9606. If the currency is going to stabilize it will do so above here. A held failure and the MKT is vulnerable to further corrective action down to 9492 and 9406 on any negative follow thourhg.

A held trade above 9663 puts the negative signal in question and the contract in a neutral digestive position. Only above 9720 is the underlying BULL TREND back in gear targeting 9834 on any positive turn of events. 10062 is the upper extreme.

US 2yr T-Note Dec'09 contract

The 2YR T-NOTE is flirting with a underlying sentiment shift with all trading below the 108-180 Inflection Pivot. A held failure from 108-152 confirms Friday's "corrective" signal targeting 108-105 on any downside follow through. If the trade is going to remain "normal" the MKT will stabilize above here. A break under 108-105 and the contract is vulnerable to further losses down to 108-005.

A rise above 108-180 takes the edge off for more of a digestive trade up to 108-207. Be patient. This is the high point for any lackluster trade. A violation here and the underlying BULL TREND will trying to re-establish itself targeting 108-255. 109.035 is the upper extreme.



FOREX AUDUSD



The AUDUSD cross produced a negative signal that will remain in play with all trading below the 9182 Inflection Pivot. A break under 9129 is needed to confirm fresh losses targeting 9023 on any downside follow through. Be patient if the MKT is going to stabilize it will here. If not the potential to transition down to 8811 is real.

A held trade above 9182 puts the contract back into a digestive trade. Only above 9235 does the underlying positive momentum try to re-assert itself for a run at 9341. 9420 is the current upper extreme.




As you read through the different outlooks one thing is apparent. They are all basically the same. That is the point of the Strategy Based Trading Approach.

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

By developing strategies to capitalize in this technical signal state you not only improve your chances of success but also develop a comfort with the market action during this state and improve your confidence in executing your strategy in that state.

For more information and to receive a complimentary trial of my service which defines these signal states please send inquires to info@jsservices.com or click here for a Complimentary FREE Trial.

JS Services is here to support your profit objectives.

It's our job to help you make more money.

Stop analyzing, start executing and see the difference in your bottom line.

Hope this helps.

Good trading.

JS

GOLD - Is that It?

The DEC'09 GOLD contract downshifted from its aggressive Bull advance and will need to stabilized above the 1039 Inflection Pivot to keep the positive momentum in gear. A held failure from 1039 confirms a break in momentum and the MKT vulnerable to a sharp drop down to 1028.4 and 1016.3 on any sentiment shift. Expect some emotional swings with 944.9 the current extreme.

A rise above the 1061.7-1060.8 resistance band will bring in some fresh interest. Work the bid. The aggressive advance will be ready to engage with 1082.6 and 1098.9 targeted.

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.

British Pound - Bear Trend Correction

The Dec'09 British Pound produced a positive signal against a negative underlying trend. Positive action today should be viewed as "Corrective" up to the 16146 Inflection Pivot. This is the expected high point for any upside follow through to yesterday's signal if the underlying negative momentum is going to remain in force. A rise above 16146 is a positive transitional signal that projects the currency up to 16387 and 16661 on any sentiment shift.

A break under 15873 support pivot is needed to put the contract back in a soft spot targeting 15691 on any negative turn. If the MKT is going to stabilize it will do so above here. If not the sellers will be back with 15554 and 15510 targeted.

Corrective trading environments are dynamic. Watch the current positive structure [higher move lows, higher move highs]. If its holding don't be too anxious to step in front of the rise. A break in structure followed by a squeeze test of 16146 or a REVERSAL [false Breakout] at this level is the best opportunity today to re-establish a short position. 16055 resistance will also provide a REVERSAL opportunity.

Only above 16146 can we get on board with the current positive push.

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.

Canadian Dollar - What's up with that?

The Dec'09 Canadian Dollar is working higher and will remain aggressively bid above 9619 Inflection Pivot, pressing resistance at 9748. If the rally is going to stall it will here. A held violation however is a fresh positive that has the potential to accelerate the run up to 9902. 10016 is the extended target.

A break under 9619 signals a corrective trade with 9462 and 9398 the lower targets for any short term sentiment shift. Any trading at these levels will be a gift. Load up on the currency with the expectations of a new leg higher.

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 - 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.