EuroStoxx U'09 - Weaker than the Rest

The Sep'09 EuroStoxx took a tumble and will need to sustain a trade below the 2733 Inflection Pivot to keep an edge. If so expectations are for further losses down to 2683. Be patient. This is the low point for any false negative. Jump on any positive REVERSAL signals off this support inflection. A held break under 2683 is a sign of weakness that puts the 2587 target in play. 2481 is the current extreme.

A rise above 2733 puts the negative signal in question for a test of the 2779 resistance pivot. Keep it tight. If the enthusiasm is going to wane it will fizzle here. If so expectations are for the sessions range to contain the MKT into Friday. A breach of 2779 is a fresh positive bringing back the buyers for a charge up to 2864. 2966 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.

DOW Futures - Negative Corrective Signal

The DOW Futures posted a BULL TREND CORRECTIVE signal that will keep the MKT in a questionable position below the 9577 resistance pivot. If the negative signal is going to follow though any positive push today will exhaust below here. If so expectations are minimally for a re-test of 9426 support pivot if not lower. A breach of 9577 puts the aggressive buy campaign back into gear putting the 9769 and 9898 resistance targets in play.

Ky off the 9479 Inflection Pivot for an indication o the session's tone. A held trade above here keeps the MKT's legs under it up to 9577. A dip under 9479 and the Bears try to sink their teeth in pressing support at 9426. Be patient. It's make or break. A failure from 9426 is needed to confirm yesterday's negative signal targeting 9249 on any corrective sell off. 9094 is the current 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.

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.