SP500 - How we doing?

Each post on Inflection Pivots is a powerful statement of a MKT' behavioral posture. The signals presented show underlying psychological shift in sentiment which will influence the MKT over the coming sessions. On June 22, 2009 the SP500 Index produced a negative corrective signal.

The June 22, 2009 the signal and provided a framework to capitalize on the opportunity. The 931.00 Inflection pivot proved to be the pivotal point providing a rejection down to the 870-862.50 support band for a buy opportunity. This was the low point for the corrective break putting the 1017 target in play.

Although we do not follow each MKT signal post through completion you should continue to track its progress. For now the SP500 remains in an aggressive buy posture above 963, targeting 1017. A held trade under 963 and the contract is vulnerable to a retreat back down to the 931 level.

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.

RLX - Flirting with a fresh advance

The Retail Sector Index [RLX] is working higher poised to challenge good directional resistance at 348.44 with all trading above 338.72. Be patient. A violation here is needed to confirm a fresh advance targeting 364.48 and 372.95 on the initial move.

A dip under 338.72 sets up a buying opportunity down to 331.68. This is the Inflection Pivot keeping the positive bias in play. Look for buying opportunities down to 326.11. This is the low point for any corrective pullback and the expected bottom for a new leg higher. Only under 326.11 is the positive signal negated and the Index back in a difficult digestive trade down to 299.44.

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.

GBPJPY - NEGATIVE SHIFT

The GBPJPY cross produced a negative shift signal within a neutral digestive posture. For now it is noise however trading below the 15469 Inflection Pivot will have the MKT on the defensive down to 15240.

15240 is the breaking point that if taken out will confirm today's negative signal putting the 15035 and 14825 support targets in play.

A held trade above 15469 puts the negative signal in question up to 15618. Be patient. This is the high point for any upside head fake. A violation of 15618 confirms a positive shift targeting 15936. Expect no follow through.

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.

SP500 - Looking for Love

The SP500 is working higher and remains in an aggressive buy break posture above the 921.00 Inflection Pivot.




This is the low point for any weakness if the positive momentum is going to keep pace targeting 962.50 on any new interest. Be patient. A reaction is expected. 962.50 is a big resistance pivot with the potential to reject the Index back into a big digestive trade. A violation here confirms a fresh leg higher targeting 1006.75.


A break under 921.00 puts the contract back in a difficult digestive trade with 971.00 the low point for the new consolidation.


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.

Trading Ideas - Review

Last week provided a diverse mix of opportunity.

MONDAY July 13, 2009

To start the week both the AUDUSD and USDCHF where in play with a negative signal on July 10,2009.

In the AUDUSD on Monday July 13,2009 post the "Expectations are for the MKT to test the 7704 support with all trading below 7836. If the MKT is going to stabilize it will here." The MKT did stabilize and bounced up to its upper resistance.

AUDUSD

July 13, 2009 July 17, 2009

The USDCHF signal was not expected to follow through on its signal and it did not. The USDCHF has produced a BEAR TREND ACCELERATION signal but may be a little ahead of itself.

USDCHF

July 13, 2009 . July 17, 2009

TUESDAY July, 14,2009

The Tuesday July 14, 2009 post alerted of a positive opportunity in the NASDAQ. The Index jumped higher in early trading and is fast approaching big directional resistance at 1479.25. If the rally is going to stall it will here. A violation and the excitement has the potential to extend up to 1497.50-1496.25 before the sellers try to keep things under control. This move is still in play.

NASDAQ100

July 14, 2009 . July 17, 2009


WEDNESDAY July 15, 2009

The 30YR US Treasury MKT produced a negative signal on Wednesday "The 30yr took a tumble and is threatening to return to the aggressive sell campaign. FADE strength against the 118-06 Inflection Pivot expecting the worst. A break under 116-065 is need to confirm any new move lower. A failure here should be pressed with expectations of the market making a play for the 112-195 level. "

This negative signal is still in play opening the week on its breaking point and is currently flirting with a release.

30YR T-BOND

July 15, 2009 . July 17, 2009

THURSDAY 16, 2009

The Natural Gas MKT has been on a roller coaster and as was posted on Thursday July 16, 2009 did not follow through. The July'09 NAT GAS contract is heating up in an emotional roller coaster. Yesterday's strong showing produced a positive corrective signal reversing sentiment. Is the MKT turning? Don't make any commitments.

NAT GAS

July 16, 2009 . July 17, 2009


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 - Emotional Rescue

The July'09 NAT GAS contract is heating up in an emotional roller coaster. Yesterday's strong showing produced a positive corrective signal reversing sentiment. Is the MKT turning? Don't make any commitments.

The MKT has been at the edge of the abyss and volatile trading conditions should be expected before the contract takes the leap or runs away from the edge. Key off the 3.685 Inflection Pivot for an indication of the session tone. Below here yesterday's signal is all noise with the 3.490 support pivot the turning point. If the buyers are going to keep the controls they will support any weakness here. A held failure from 3.490 is a sign of weakness that puts the contract back on the defensive down to 3.250. Only under this support is the rug pulled for a drop down to 2.876 and 2.640.

A held trade above 3.685 has the MKT flirting with a acceleration in the positive momentum. Stay nimble. 3.729 and 3.795 are both spoilers for any optimism. Only above 3.795 is a positive shift confirmed targeting 4.266-4.222 on the initial surge. No follow through 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.

30yr Treasury Bond - Vulnerable

The 30yr took a tumble and is threatening to return to the aggressive sell campaign. FADE strength against the 118-06 Inflection Pivot expecting the worst. A break under 116-065 is need to confirm any new move lower. A failure here should be pressed with expectations of the market making a play for the 112-195 level. Use caution. Things have the potential to get emotional.




A rise above 118-06 removes the negative threat signaling more big digestive action with 120-075 the immediate target for any positive turn of events.


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.