Welcome to Scribd, the world's digital library. Read, publish, and share books and documents. See more
Download
Standard view
Full view
of .
Look up keyword
Like this
1Activity
0 of .
Results for:
No results containing your search query
P. 1
Morning Brief 3 01

Morning Brief 3 01

Ratings: (0)|Views: 52|Likes:
Published by Eli Radke

More info:

Published by: Eli Radke on Mar 01, 2011
Copyright:Attribution Non-commercial

Availability:

Read on Scribd mobile: iPhone, iPad and Android.
download as PDF, TXT or read online from Scribd
See more
See less

03/01/2011

pdf

text

original

 
March, 1 2011
Source: CQG, Inc. © 2011 All rights reserved worldwide.
Morning Brief by Anthony Crudele       
Yearly High   2-18-2011 134300
 
Yearly Low    1-03-2011 1255252010 Closing Price 1253002011 Opening Price 125600
Top of Value  132850Bottom of Value 132325TPO Point of Control131550High Volume Bar 132675
Prior Day’s
Settlement132600Average TradingRange1475
10 Day Moving Average 132405
Prior Day High 132900
20 Day Moving Average
132039Prior Day Low 131300
50 Day Moving Average
129036Weekly High 132900
200 Day Moving Average
116406Weekly Low 131300
E-Mini Daily
135200
133950
132675
131450 Pivot
130200
128975
127775
E-Mini Weekly
138450
136975
133900
130825 Pivot
128625
124675
121600
S&P CashWeekly
139261
136981
134701
132420 Pivot
130140
137860
135744
It is the first day of the month and that means we rally.  The streak of higher closes is from July 2010.  Overnight we traded up to 1336.50 gettingclose to the high of the year.  This morning we have Crude and Gold both higher as well.  It seems as though they are buying everything todayexcept the Dollar and Ten Year Notes.  I am bullish today as long as we can stay above 1326.75.  I have double resistance from my weekly and dailynumbers around 1339.00.  If we violate that today we could see the high of the year taken out at 1343.00 and then on to test resistance at1352.00.  It is hard for me to be overly bullish when they are buying both Crude and Gold because when we were breaking those were the safehavens, but the charts
don’t
lie and we look like we can all rally together, for now.  I will be keeping my eyes on Crude to see how we react if theyget back above 100.00 because this might put pressure on stocks.  Data today is ISM and consensus is 60.5, a number above 62 or below 58 couldbe a market mover and Construction Spending consensus is -0.8%, I
don’t
think
 
this will be a market mover.  The most important news for the dayis Bernanke speaking at 10:00 a.m. EST talking about his semi-annual monetary policy report.  Anytime Bernanke speaks he can move the market.Also keep an ear open for any changes in Middle East.  I am trading small today because I feel this trade today is going to be choppy and tough.

You're Reading a Free Preview

Download
scribd
/*********** DO NOT ALTER ANYTHING BELOW THIS LINE ! ************/ var s_code=s.t();if(s_code)document.write(s_code)//-->