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Morning Brief 3 04

Morning Brief 3 04

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Published by Eli Radke

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Published by: Eli Radke on Mar 04, 2011
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03/04/2011

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March, 4 2011
Source: CQG, Inc. © 2011 All rights reserved worldwide.
Morning Brief by Anthony Crudele
Yearly High2-18-2011 134300
 
Yearly Low 1-03-2011 1255252010 Closing Price 1253002011 Opening Price 125600
Top of Value 133175Bottom of Value 132250TPO Point of Control131375High Volume Bar 133000
Prior Day’s
Settlement132975Average TradingRange1987
10 Day Moving Average 131650
Prior Day High 133200
20 Day Moving Average
132176Prior Day Low 130500
50 Day Moving Average
129566Weekly High 133650
200 Day Moving Average
116775Weekly Low 129625
E-Mini Daily
135725
134500
133275
132050 Pivot
130825
129600
128350
E-Mini Weekly
138450
136975
133900
130825 Pivot
128625
124675
121600
S&P CashWeekly
139261
136981
134701
132420 Pivot
130140
137860
135744
Today is Employment Situation
is the main focus for today’s trade
. All of the numbers were within the consensus range. Themarket first tried to rally and then made new lows overnight. I expect the trade today to be extremely choppy. I am bullish on thismarket above 1320.50. If the market can sustain trade above 1332.75 I believe that we test resistance at 1345.00 which would putthis market at new highs for year. The one thing I will be watching today is the VIX to see if it can stay above its 50 day movingaverage at 17.52. If the VIX gets below their 50 day that would put pressure on any shorts in our market and take the stock markethigher. I believe that Crude Oil prices will only move our market if they get above 105.00. Right now the market seems to beignoring Crude Oil with it trading around 100.00 -103.00. The other data today is Factory Orders and consensus is 2.0% and only anumber above 3.5% or below 1.0% will really move the market. Also keep an eye on any news in the Middle East.

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