DRG - Pharmaceutical Sector Index - POSITIVE SIGNAL

The DRG - Pharmaceutical Sector Index produce a big BULL TREND ACCELERATION signal and will remain aggressively bid with all trading above the 309.56 Inflection Pivot pressing resistance at 314.76 on any new interest. Be patient. If the market is going to settle back into a digestive trade it will stall out here. A held breach is a sign of strength that puts the 322.56 target in play.

A dip under 311.80 down plays yesterday's positive signal for a corrective trade down to 309.56. Be patient. If the positive momentum is going to resume it will above here. A held failure negates the positive signal confirming a directionless trade. Only under 303.86 can the Bear overwhelm this sector.

JS

This post supports the Strategy Based Trading, which is a methodology that focuses on the applied strategy verses a specific market. The approach 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.

FOREX: USDJPY - PATIENCE

The USDJPY made some headlines but has yet to confirm a positive shift in sentiment and remains in a NEUTRAL DIGESTIVE technical state. Key off the 8987 Inflection Pivot for an indication of the session bias. This is the low point for any healthy pull-back. Above here the currency maintains a positive TRANSITIONAL tone, so be cautious buying into any early excitement. A breach of the 9117 resistance pivot will signal a test of the 9188-9182 resistance . If the rally is going to stall it will here. If not the recent highs at 9379 will be put to the test.

A failure from 8987 is a sign of weakness however a break below 8956 is needed to confirm a resumption of the negative momentum targeting 8861 on any turn for the worse. 8737 is the extended target for any new move south.

JS

This post supports the Strategy Based Trading, which is a methodology that focuses on the applied strategy verses a specific market. The approach 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.

FOREX: GBPUSD - BEAR TREND ACCELERATION

Technically the MKT is in a BEAR TREND ACCELERATION position and is vulnerable to the offer with all trading below the 16190 Inflection Pivot . Any positive corrective action is expected to be short lived with only one upside "stop squeeze" exhuasting below 16190, if the negative moemtnum is going to play out. Any held strength and repeated probe higher is a sign that the trade will turn digestive. This does not take away from the negative bias but does limit the profit potential for any new sales in the session.

On the SELL side accept FADE, REVERSAL and BREAKOUT strategies below the previous sessions high point. BREAKOUT strategies below the 15946 support pivot should just "go", so do not risk much. FADE strategies against 16068 and 16190 resistance are recommended over REVERSAL strategies as the MKT is expected to hold lower structure and any momentum shift should be considered a potential positive corrective turn.

On the BUY side avoid REVERSAL strategies off major support levels as these signals are more likely short squeeze rallies and opportunities to SELL into and FADE. BREAKOUT strategies above the 16068 resistance pivot are a long shot, so risk less and go for more using the 16190 level as the target. Any BUY FADE off the 15946 support pivot should have confirmation and are not recommended if the integrity of the previous session high is intact. After a break in the negative structure confirmed support levels can be used for short term reactions using aggressive position management.

Note: The MKT is in an aggressive sell posture. If the previous session high is intact its just a matter of time before the sellers try to overwhelm the MKT. Look for excuses to get short. If the previous session high is breached opportunity will be on both sides of the MKT, however the bias still rests with the Bears.

JS

This post supports the Strategy Based Trading, which is a methodology that focuses on the applied strategy verses a specific market. The approach 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.

DEC'10 EURODOLLAR - NEUTRAL CORRECTION

- Technically the MKT has produced a major negative signal against a positive trend, which will remain in effect below the 9892.5 Inflection Pivot.

On the SELL side avoid FADE strategies against the 9897 resistance pivot until after the previous session low point or major support level has been broken to confirm a negative shift in momentum. REVERSAL strategies here should be avoided as any positive signal is more likely an indication that the underlying trend is going to resume. SELL BREAKOUT strategies below the 9888 support pivot can be profitable but they are aggressive and should look to take profits and potentially REVERSE long at the 9879 and 9872 support targets.-

On the BUY side accept BREAKOUT, FADE and REVERSAL strategies off major inflection points with the expectation that the positive momentum is going to resume. REVERSAL strategies off the 9888 support pivot are recommended over FADE strategies, which should have at least 1 if not 2 challenges to the support integrity. BUY BREAKOUT strategies above the 9897 resistance pivot can risk a little more if current events confirm a positive posture. If not, a better approach would be to FADE a negative "squeeze" reaction after a positive breakout signal at the 9892.5 directional Inflection Pivot, as the neutral technical position can keep the trend sideways.

JS

This post supports the Strategy Based Trading, which is a methodology that focuses on the applied strategy verses a specific market. The approach 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.

Japanese Yen Futures ** BULL TREND ACCELERATION **

Technically the Mar'10 Japanese Yen is in a BULL TREND ACCELERATION posture after producing a big positive technical signal. The MKT is in "play" and aggressive action is expected abve the 11105 Inflection Pivot. Anticipate opportunity and position management adjustments, as quick price action is likely.



On the SELL side REVERSAL strategies can be executed off 11211 and 11344 major resistance levels. Expectations should be for an immediate exhaustive turn with the MKT quickly moving away from the area. A gradual decline folowing a reversal signal and it more likely just a pause before another round of buying, so in either scenerio keep position management tight. Avoid SELL FADE strategies against the 11211 resistance pivot even with confirmation, as this is more likely a lid for a BREAKOUT BUY strategy. SELL BREAKOUT strategies below 11105 are not recommended but can be used as a signal for a FADE against the 11158 Directional reisstance.



On the BUY side accept FADE, REVERSAL and BREAKOUT strategies above the 11105 Inflection Pivot. BREAKOUT strategies above 11211 should just "go", so do not risk much. Be wary of these strategies early in the session and look to exit on the 1st break in strucutre. BUY FADE strategies off 11158 and 11052 are recommended over REVERSAL strategies as the MKT is expected to hold higher structure and any failure should be considered a potential negative corrective shift. The MKT is aggressively bid which should keep pace throughout the session if the TREND ACCELERATION forecast is going to play out.


Note: The worst-case scenario for a MKT in this technical position is to go higher early in the session and then break all day. Be alert to recognize this. If you have > 3 loser long trades consider taking the next sell signal anticipating a corrective turn. Remember in this technical position if the MKT is going higher it should just go. If not there is the potential for a corrective break or digestive trading environment.


JS

This post supports the Strategy Based Trading, which is a methodology that focuses on the applied strategy verses a specific market. The approach 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.

SP500 Index - NEUTRAL NEGATIVE EXTREME

SP500 H'10 ** NEUTRAL NEGATIVE EXTREME **

Technically the MKT is extended to the downside. Avoid selling into weakness but rather anticipate positive REVERSAL opportunities off the 1075.50 Inflection Pivot.

On the SELL side accept UP FADE and REVERSAL strategies against the 1099.50 resistance pivot, expecting more of a trend-less trading environment rather than a resumption of the BEAR TREND. FADE strategies are best on the initial challenge as repeated tests will most likely give way to a corrective rally. Avoid these strategies above the previous session high point as the potential for a strong fast positive turn is real. DP BREAKOUT strategies under 1075.50 will be enticing but are more likely a "trap".

On the BUY side FADE and REVERSAL strategies off the 1075.50 and 1063.50 support inflection points are qualified, however with a 1075.50 FADE use confirmation after the 2nd or 3rd test. REVERSAL strategies are better at 1075.50 and the strategy be used as a "trail" to any break, with the expectations of the MKT producing a sharp "V" bottom or exhaustive turning point reversal signal. UP BREAKOUT strategies above 1099.50 have the potential to pay off as the start of a new corrective move north.

JS

This post supports the Strategy Based Trading, which is a methodology that focuses on the applied strategy verses a specific market. The approach 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.

FTSE 100 - NEUTRAL NEGATIVE EXTREME

Technically the MKT is at a NEUTRAL NEGATIVE EXTREME and is ready to either pop back into a firm neutral posture or break into a new down trend. The MKT has produced a technical sell signal into support and is in a "Make or Break" scenario. Key off the 5296.5 Inflection Pivot for an indication of the session tone. Volatility as well is on the fence and ready to rise with a new trend move and decline with some sideways "positioning".

On the SELL side accept FADE and BREAKOUT strategies expecting an immediate follow through to the MKT's technical sell signal. BREAKOUT strategies below 5257.5 should be worked with the expectation that any sustained trade and repeated tests of support will give way to negative follow through. This strategy is vulnerable to the MKT expanding its lower support band in a series of starts and stops. Keep profit targets extended to pay for any monies spent holding a position. FADE strategies against the 5335.5 resistance pivot should expect an immediate reaction as any held trade or violation of major resistance foreshadows a potential turning point. These are good opportunities to "roll" into a long position when stopped out.

On the BUY side FADE and REVERSAL strategies off major support base are qualified however the FADE strategies off the 5257.5 support pivot are a lower probability and should use tight risk criteria. REVERSALs can risk more but should also go for more profit with the expectation of a turning point "key reversal" signal to play out. BREAKOUT strategies above 5296.5 and 5335.5 are aggressive and should just "go" and not look back. Risk less and go for more. A laborious lack-luster rise after a positive breakout is a sign that the MKT is more likely expanding its resistance lid for a new consolidation verses transition from negative to positive technical posture.

Note: The MKT has produced a negative signal but it is not confirmed and trending indicators do not support follow through in either direction at this time. The MKT has the potential for big range conditions so don't get stuck FADing momentum in either direction.

JS

This post supports the Strategy Based Trading, which is a methodology that focuses on the applied strategy verses a specific market. The approach 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.