SP500 Index - FAZ / SDS - EVENT HEDGE

The DEC'09 SP500 futures contract is searching for resistance and is fast approaching a major inflection points at 1067 and 1078. A strong early morning surge into this area would be the optimal opportunity to put on a hedge in front of the potential for some expiration volatility. Any trading above 1060 will be exhaustive so look for signals to jump on.

Use the 1044.25 as a momentum guide today. The longer the index is below here the more likely its in for a retreat with 1023 the initial target. This is the turning point. Hold or fold.

The trade should play out by by Tuesday and a daily close above 1067 negates the opportunity.

There is no sell signal at this time. Just the potential for an extended MKT to have a reality check in front of an event. Insurance with potential.

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 [Z'09] - On the Fence

The DEC'09 BRITISH POUND slipped back into a corrective posture and will remain on the defensive below the 16626 Inflection Pivot. If yesterday's negative signal is going to mean much the MKT will not spend much time if any above here. If so expectations are for the buyers to return for another challenge to 16724. Be patient. Although a test of this resistance is positive a reaction should be expected. A violation of 9724 and the rally starts to accelerate with 16835 the initial target on a move that has the potential to extended up to 17147.

A dip under 16529 is needed to turn the heat back up pressing support at 16432 on any lower probe. Keep it tight. If the MKT is going to find its footing it will here. If not further losses down to 16237 is the outlook. 16092 is the extended 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.

30YR T-Bond - Digestive Bull Trend

The Dec'09 US 30yr T-Bond is stuck in a Digestive Bull Trend today in a difficult roll. Expect the contract to stay on the soft side below 120-12, targeting 119-06 on any new weakness. Stay nimble. This is a major directional area for the underlying sentiment and the session Inflection Pivot. Expect a bounce and accept any REVERSAL signals. Only a held failure here signals a negative turn targeting 116-30 initially.

A rise above 120-12 and the Bulls will try to run with it targeting 121-18 on any positive showing. Don't press it. More stop and go action is expected.

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.

US 10YR T-NOTE Z'09 - RESILIENT

-The Dec'09 10YR T-NOTE bounced back on its feet and will keep a higher hope above the 117-105 Inflection Pivot. Keep your dancing shoes on. This roll is shaping up to be messy and more of the same is expected. A held breach of 118-02 is needed to confirm yesterday's positive signal putting the 119-10 and 119-185 targets in play.

A rebuke from the 118-02 and sentiment can quickly turn. Think big. A break under 117-105 is needed to negate the positive signal targeting 116-195 for any negative turn of events. Be patient. No follow through is expected. 115-115 is the extended target for any reversal from 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.

EUREX BUND - Scare Tactics

The DEC'09 EUREX BUND slipped lower and is threatening a major sentiment shift. 12108-12091 is the high point for any positive reaction today if the contract is going to keep yesterday's edge. Look for FADE and REVERSAL opportunities off both Inflection Pivots. A he;d trade under 12021 has the MKT probing lower down to 11986. If the contract is going to stabilize it will here. If not things have the potential to come unglued with 11845 the extended target for any event.

Key off the 12056 Directional area today or an indication of the session tone. If the MKT is going to stay hard pressed it will struggle to maintain a trade above here. A rise above 12056 sets up a challenge to the 12108-12091 resistance inflection band. Expect a reaction. A breach of 12108 and negates the negative signal targeting 12161 on the initial surge. Work any held trade. 12214 and 12305 are the extended targets.

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.

US 30yr T-Bond - Negative Signal Needs Confirmation

The DEC'09 US 30YR T-Bond is on the defensive and threatening to roll over. A held trade below 119-14 keeps the contract on the defensive pressing support at 118-06. If the MKT is going to stabilize it will here. If not a play for the 116-30 and 116-23 support area is expected in the session. Use caution. Negative sentiment has the potential to feed on itself, putting the 114-09 level in play. 112-145 is the current extreme.

A rise above 119-24 is needed to take the edge off for a price move up to the 120-18 Inflection Pivot. Keep it tight. This is the high point for any buying if the negative momentum is going to turn the bias. A breach of 120-18 removes the negative threat putting new move highs up to 122-28 back on the menu. Expect more stop and go action.

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.

USDJPY - TRYING TO MAKE A DIFFERENCE

The USDJPY is trying to save face and will need to sustain a trade above the 9269 Inflection Pivot to maintain its composure. A held failure here is a sign of weakness that puts the MKT on the defensive down to 9195 and 9174 on any negative turn. Stay nimble. A positive reaction is expected. Don't fight any sustained weakness at these levels however as the an acceleration to the downside is expected targeting 9047 and 8971.

A held trade above 9310 will give the buyers something to work with up to the 9343 resistance pivot. If the rally is going to fizzle it will here. A held breach is expected to spark a little excitement targeting 9416 on the initial move. Work any positive structure. 9650 and 9751 are the extended targets for any short term sentiment shift.

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.