webcast 17th May
Archives for May 2010
S&P 500 emini pre-open Monday 17th May
posted 9.18 a.m. est Pre-open Monday 17th May Last week I marked Significant Selling twice and Significant Buying once. The last imbalance was Selling (red) on Thursday and that eliminates the long side for me at least until Effective Buying is marked again. I have Sellers in control since close 27th April. There was relative […]
S&P 500 emini pre-open Friday 14th May
posted 9.25 a.m. est Pre-open Friday 14th May yesterday: >>There is a good chance that ES will test down into that First Level Support today (1161.50) and this would be a good gauge of ST strength<< 1161.75 was the low until late in the session, ES then broke below the 1161.50 poc. Significant Selling was […]
S&P 500 emini pre-open Thursday 13th May
posted 9.22 a.m. est Pre-open Thursday 13th May There was Significant Buying marked on Wednesday but the Value Area was higher and narrower and volume was reduced so this was not Effective Buying. Price location is improved with ES now printing above 1161.50. There is a good chance that ES will test down into that […]
S&P 500 emini pre-open Wednesday 12th May
posted 9.26 a.m. est Pre-open Wednesday 12th May Re: %Stocks>50dyma. Russell2000 index shows more than 50% stocks > 50dyma. Others indices, e.g. nyse, nasdaq, sp500, show numbers less than 50%. As I mentioned in the webcast yesterday these are useful numbers when market is up for a few days but the Market Timing Charts (weekly) […]
S&P 500 emini pre-open Tuesday 11th May
posted 9.28 a.m. est Pre-open Tuesday 11th May Monday’s day session high was 1161.75. As suspected ES is having a little trouble overcoming the 1161.50 resistance. Value Area was higher and narrower on less volume although was well above average. If ES can overcome that level and consolidate above it will be in a much […]
S&P 500 emini pre-open Monday 10th May
posted 9.28 a.m. est Pre-open Monday 10th May I’m not covering Sentiment or Supporting charts here – see webcast this a.m. Market action pre-open today has made that a little redundant. Let’s concentrate on price and the important levels. Longframe: All major Market Timing charts are now red (negative) – not surprisingly; and no longer […]
webcast – charts to 30th April
webcast – charts to 30th April released for subscribers earlier in the week
S&P 500 emini pre-open Friday 7th May
posted 9.25 a.m. est Pre-open Friday 7th May Thursday pre-open: >>If ES finds itself below 1161.50 during today’s session it is in a weak position and I would anticipate it will be heading lower still<< ES spent a few minutes after the open above 1161.50 but that was rejected. The following three hours were spent […]
S&P 500 emini pre-open Thursday 6th May
posted 6.05 a.m. est Pre-open Thursday 6th May Applying my rules very strictly I have to mark active Significant Buyers yesterday – but only just. They Responded to a probe below the 1161.50 support. Problem I have is that my #1 dayframe rule says I cannot now be short in this timeframe until Sellers are […]