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March, 15 2011

Morning Brief by Anthony Crudele


The longs are running for cover. The technicals for the longs broke down last week and the news from Japan helped
bring this to the surface. Overnight we traded one tick away from the low of the year. Basically we have a double
bottom for the year in the futures. I am bearish and have been bearish, but selling down here could be dangerous.
There is support 1254.75 and I will be a buyer down to the overnight lows at 1351.00. If the market cannot hold these
overnight lows then all bets are off and we should trade down to 1239.00. The daily pivot is 1274.50 and I will be seller
here up to 1279.75. I am trading on the outsides by buying support small and selling resistance small. With volatility as
high as it is, I am trading based off the long term technicals because intraday technical analysis is secondary in a market
like this. The FOMC meeting and any news regarding Japan are the primary focus of today’s trade. Small and Smart.

S&P Cash Top of Value 129425


E-Mini Daily E-Mini Weekly
Weekly
Bottom of Value 128525
• 133350 • 139000 • 139444
• 131375 • 136500 • 136856 TPO Point of 129200
• 129400 • 133325 • 133925 Control
High Volume Bar 129175
• 127450 Pivot • 130175 Pivot • 130994 Pivot
• 125475 • 127050 • 128064 Prior Day’s 129050
• 123900 • 123900 • 125133 Settlement
• 121775 • 120750 • 122202 Average Trading 2222
Range

10 Day Moving Average 130144 Prior Day High 130375


20 Day Moving Average 130872 Prior Day Low 127850
50 Day Moving Average 129659 Weekly High 132200
200 Day Moving Average 116930 Weekly Low 127850

Yearly High 2-18-2011 133775


Yearly Low 1-03-2011 125075
2010 Closing Price 125300
2011 Opening Price 125600

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


March, 15 2011

1357.62 is the low of the year in the cash. Watch for stops below here.

I will be a seller into the single tick from 1274.00-1279.75.

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

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