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    Eli Radke
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    The market ended last week on bullish note. After all of the news in the Middle East was digested the market told us that the news was not as big a deal as we thought. Half way for the week was 1317. And we closed above that. That just shows the strength of this market. As for today I am looking for the market to have a choppy trade. We have to remember that we are in the middle of rollover and that causes trade to be choppy. If we can hold 1321

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    The market ended last week on bullish note. After all of the news in the Middle East was digested the market told us that the news was not as big a deal as we thought. Half way for the week was 1317. And we closed above that. That just shows the strength of this market. As for today I am looking for the market to have a choppy trade. We have to remember that we are in the middle of rollover and that causes trade to be choppy. If we can hold 1321

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    61 views2 pages

    Morning Brief2 28

    Uploaded by

    Eli Radke
    The market ended last week on bullish note. After all of the news in the Middle East was digested the market told us that the news was not as big a deal as we thought. Half way for the week was 1317. And we closed above that. That just shows the strength of this market. As for today I am looking for the market to have a choppy trade. We have to remember that we are in the middle of rollover and that causes trade to be choppy. If we can hold 1321

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
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    of 2

    February, 28 2011

    Morning Brief by Anthony Crudele


    The market ended last week on bullish note. After all of the news in the Middle East was digested the market told us that the news
    was not as big of a deal as we thought. Half way for the week was 1317.50 and we closed above that. That just shows the strength
    of this market. As for today I am looking for the market to have a choppy trade. We have to remember that we are in the middle of
    rollover and that causes trade to be choppy. I will be using 1321.00 as my pivot this morning. If we can hold 1321.00 I believe we
    can trade up to 1331.50. A failure to hold 1321.00 I will be short looking for us to quickly fill in single ticks from Market Profile at
    1321.00-1319.25 and then test support at 1310.75. Today’s data could move the market so be on the lookout for Chicago PMI,
    consensus is 68 and if this number is above 70 or below 66 that could move us. Pending Home sales is also due out today and I am
    not looking for this to be a market mover. I will be listening to any news coming out of the Middle East and keeping my eye on
    Crude Oil to see what that is doing. Also noting that today is the end of the month and I will be looking for sellers on the close.

    S&P Cash Top of Value 131950


    E-Mini Daily E-Mini Weekly
    Weekly
    Bottom of Value 131325
    • 134200 • 138450 • 139261
    • 133150 • 136975 • 136981 Point of Control 131550
    • 132100 • 133900 • 134701 High Volume Bar 131875
    • 131075 Pivot • 130825 Pivot • 132420 Pivot
    • 130025 • 128625 • 130140 Prior Day’s 131875
    Settlement
    • 128975 • 124675 • 137860
    Average Trading 1475
    • 127775 • 121600 • 135744
    Range

    10 Day Moving Average 132355 Prior Day High 132000


    20 Day Moving Average 131896 Prior Day Low 130150
    50 Day Moving Average 129025 Weekly High 134250
    200 Day Moving Average 116270 Weekly Low 129250

    Yearly High 2-18-2011 134300


    Yearly Low 1-03-2011 125525
    2010 Closing Price 125300
    2011 Opening Price 125600

    Source: CQG, Inc. © 2011 All rights reserved worldwide.


    February, 28 2011

    Source: CQG, Inc. © 2011 All rights reserved worldwide.

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