FTSE 100 - Negative Transition Signal

Technically the MKT is in a NEUTRAL TRANSITION with sentiment leaning negative and flirting with a negative turn. Key off the 5548.0 Inflection Pivot for an indication of the session tone. If the Index is going to fight off the negative sentiment it will maintain a trade above here. If not this may the leader in a sentiment shift.

On the SELL side accept BREAKOUT, FADE and REVERSAL strategies with the expectation that the current positive to negative transition will continue. Keep aggressive position management on BREAKOUT strategies below 5548.0 as the MKT is still in the neutral zone and has yet to commit to a new trend. A more conservative strategy would be to wait for positive reactions after a negative signal to FADE into against the 5583.0 Directional after a break under 5548.0. The trade should be fluid with the MKT immediately giving background after any positive squeeze. Notable resistance at 5618.0 will contain the Neutral forecast.

On the BUY side avoid FADE strategies off 5548.0 until after the previous session high point or 5618.0 resistance has been taken out to confirm a break in the negative signal. Until then a better opportunity will be a REVERSAL strategy off 5548.0. This is a one shot trade using a low risk big profit target criteria. The idea is that the transition trade is over and a positive shift back into a NEUTRAL DIGESTION is expected. BUY BREAKOUT strategies above 5618.0 can be profitable but they are aggressive and should use the same aggressive position management as a REVERSAL. Risk less go for more.

Note: The MKT is trying to shift from a positive to a negative trend position. False starts and stops should be expected and position management adjustment anticipated, as quick momentum turns are the norm in this technical 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.

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SOYBEANS K'10 - BEAR TREND ACCELERATION

Technically the MAY'10 SOYBEANS contract is in a BEAR TREND ACCELERATION and flirting with the lower extreme. The MKT has produced a big negative signal and any positive corrective action is expected to be short lived with only one upside "stop sweep" 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.

Key off the 940-4 Inflection Pivot for the sentiment bias of the session.

On the SELL side accept FADE, REVERSAL and BREAKOUT strategies below 948-2. BREAKOUT strategies below 932-6 may need to be "worked" as the MKT is on edge and will be emotional, producing some starts and stops before it drops. FADE strategies against 940-4 and 948-2 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 940-4 and the 948-2 resistance pivot are a long shot, so risk less and go for more. Any BUY FADE off the 932-6 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 on edge and is vulnerable to a big drop. 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.

10yr T-NOTES H'10 - POSITIVE SHIFT

The underlying technical sentiment has shifted positive without the support off any price appreciation. Head fake in front of the figure or foreshadowing of things to come.

Currently the market is in a DIGESTIVE BULL TREND.

For now the positive sentiment maintains the bias above the 117-005 Inflection Pivot with 117-175 the lid for the current digestive trade. This is the trigger for any shift into a Bull Trend mode targeting 118-035 and 118-305. A failure from 117-005 negates this technical state and shifts sentiment targeting 116-11.

Note: The MKT has produced a positive signal but is not confirmed. Be ready for it but if it does not materialize, beware of a negative reaction. Don't get caught fading a break that continues to hold structure as the MKT may be defining its lower digestive extreme and will most likely find it after it hits your last sell stop.

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.

Canadian Dollar H'10 - BULL TREND ACCELERATION

Technically the MKT is in a BULL TREND ACCELERATION posture and has produced a big positive signal which will remain in play above the 9530 Inflection Pivot. The MKT is in "play" and aggressive action is expected off of technical signals. Anticipate opportunity and position management adjustments, as quick price action is likely.

On the SELL side REVERSAL strategies can be executed off of the 9701 and 9758 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 even with confirmation, as this is more likely a lid for a BREAKOUT BUY strategy. SELL BREAKOUT strategies below the 9587 support pivot are not recommended but can be used as a signal for a FADE against the 9644 Directional reisstance.

On the BUY side accept FADE, REVERSAL and BREAKOUT strategies above the 9530 Inflection Pivot. BREAKOUT strategies above 9701 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 are recommended over REVERSAL strategies off the 9587 and 9530 support levels 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.

WHEAT May'10 - Corrective Signal in Play

Technically the MKT is in a NEUTRAL CORRECTIVE state producing a big negative signal against a positive trend. Opportunity exists on both sides of the MKT, however the negative signal wilol maintain the controls below the 517-2 Inflection Pivot.

On the SELL side avoid FADE strategies Against 509-6 and 517-2 until after the previous session low point has been broken to confirm a negative shift in momentum. REVERSAL strategies should be avoided as any positive signal is more likely an indication that the underlying trend is going to resume. SELL BREAKOUT strategies below 494-6 can be profitable but they are aggressive and should look to take profits and potentially REVERSE long at the 487-2 and 479-6 support targets. The trade is counter trend so avoid any negative commitments.

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 are recommended over a FADE strategies at the 494-6 support pivot, which should have at least 1 if not 2 challenges to the support integrity before executing a long off it. BREAKOUT strategies above 509-6 and 517-2 can risk a little more if current events and other MKTs of confluence confirm a positive posture. If not a better approach would be to FADE a negative "squeeze" reaction after a positive breakout signal off the 502-2 Directional as the neutral technical position can keep the trend sideways.

Note: The MKT has produced a big technical signal against the current trend. Be aware that the negative action may be a 1-day event with the positive trend quickly re-establishing itself. If the MKT is really going to turn it should remain hard pressed and provide little or no relief.

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.

GOLD - Positive Signal - BULL TREND

Technically the APR'10 GOLD contract is in a BULL TREND posture and has just produced a major technical signal in the direction of the trend. If the market maintains a trade above the 1116.1 Inflection Pivot, look for excuses to get long.

On the SELL side BREAKOUT strategies below 1106.5 are a low probability but valid. Risk little and go for a lot. If the MKT is going to turn sour, it should be quick and relentless. Avoid FADE strategies against the 1125.7 resistance pivot as the MKT has just produced a major buy signal and fresh gains are expected. REVERSAL strategies as well are not recommended, as any resistance level violation that cannot be held is more likely a squeeze for the longs, which can quickly turn positive.

On the BUY side BREAKOUT, FADE and REVERSAL are recommended as the MKT is aggressively bid and all buy signals are valid opportunity. If stopped out at or near the low tic of a reaction and the MKT is not following through to the downside, leverage up using the squeeze low as a stop, expecting a quick reaction back above your original entry. De-leverage unless you have confluence with other indicators or like MKTs. Look for opportunities off 1116.1 and 1106.5. A breach of 1125.7 confirms a higher push.

Note: The MKT has produced a big positive technical signal and should immediately go higher, after at most, one pullback. A laborious trade and the MKT may wait till the end of the session to make its move.

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.