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.
Identifying MARKET STATE, STRUCTURE and STRATEGY solutions
Thursday, October 8, 2009
Wednesday, October 7, 2009
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.
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.
Tuesday, October 6, 2009
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.
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.
Saturday, October 3, 2009
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.
* 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.
* 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.
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.
* 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.
Thursday, October 1, 2009
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.
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.
Wednesday, September 30, 2009
WHEAT Z'09 - BEAR TREND CORRECTION
The DEC '09 WHEAT contract produced a counter trend signal and may be set for a short term shift in sentiment. Key off the 460-4 Inflection Pivot for an indication of the session bias. If yesterday's positive signal is going to have any meaning it will violate this price point and not look back, targeting 477-4 on the move. Although the BEAR TREND CORRECTION signal is expected to influence the MKT for the next couple days a reaction should be expected.Trading below 460-4 and the signal is more NEUTRAL than positive with 443-4 the digestive low point for any sideways session. A break under the 443-4 support pivot and the BEAR TREND will look to re-establish itself targeting 426-4 on the next drop. 409-4 is the lower extreme for any emotional release.
MKTs in the BEAR TREND CORRECTIVE technical state will typically have sharp corrective rallies against the underlying negative momentum. Today the MKT will need to overcome the 460-4 Inflection Pivot to confirm a shift into this technical state. The 460-4 Inflection Pivot is the price point that defines the session bias and today it also defines the point where the BEAR TREND losses its grip for a corrective rise. Below 460-4 don't believe the hype, this contract remains an accident waiting to happen.
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.Please review the following CME sponsored tutorial for a complete overview of this approach.
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.
Tuesday, September 29, 2009
BRITISH POUND Z'09 - BEAR TREND CORRECTION
The Dec'09 BRITISH POUND bounced off support but remains vulnerable to a return to the offer with all trading below the 16073-16061 Inflection Pivot. If the current optimism is going to fizzle the MKT will run into a wall here. A held breach of 16061 will give this contract a confidence boost up to 16155 with the potential of climbing up to 16390 before it exhausts.
A break under 15872 is needed to put the currency back on the hot seat targeting the 15779-15755 support band. Use caution. Although a reaction is expected, a held trade at these levels is a sign of weakness that puts the 15443 target in reach.
The BEAR TREND CORRECTIVE technical state will typically have sharp corrective rallies against the underlying negative momentum. This technical state will remain in force below the 16073-16061 Inflection Pivot. Above this price point expectations are that the MKT will produce a transitional shift into a neutral position or a strong rally to nowhere.
As the underlying trend is down any negative signal today has the potential to be the beginning of a new move south.
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.Please review the following CME sponsored tutorial for a complete overview of this approach.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.
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.
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