Live Futures Trading

Here is an example of an e-mini S&P futures trade using Infinity Futures and Thinkorswim.

Daily Reflection: 07.27

We saw nice breather for the markets today. The line in the sand for tomorrow will be the 1114 on the ES (e-mini S&P). If we move above this level we should have no problem making it to our 1122 target. A pullback would not be a bearish signal just yet and sideways action is considered bullish in this case.

Daily Reflection: 07.26

A very technical day in the markets today. Expecting a great week for trading. Looking for that 1122 on the S&P this week. If we sell off from there we will look to get long again around 1086.

The VIX continues to fall and is about to breakdown out of a decending triangle. This is a pivotal level and we should see some strong moves in the market this week.

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Wk29: Market Recap

We have an inverted head and shoulders forming on the daily chart of the S&P. This week we broke out above the inverted hammer formed on a weekly bar during week 28. There has been more balanced environment of buyers and sellers, and the VIX remains in the low 20s. We are expecting this to continue, but remember that earnings announcements are still popping up all week long.

Wk30: Market Forecast

In the week ahead look for these news announcements to act as potential market movers…

Multiple indicators and price patterns signal higher on a broader timeframe. The inverted head and shoulders has a target of S&P 1200, with the daily ambush long shorter term target of 1122. There is a lot of economic news this week so we should have plenty of intraday setups.

Dailly Reflection: 07.22

A Choppy week, but the bulls are winning the battle thus far. We will look to break highs of the week tomorrow on our way up to 1122.

Daily Reflection: 07.21

Today’s bearishness was purely reactionary. Market orders after Bernanke spoke this afternoon sent the market lower, closing off roughly 14 S/P points. We didn’t even break yesterday’s lows. Yesterday the bulls took control in full force and today I feel it was simply some of the bulls jumping ship, rather than the bears taking over. If we break below Tuesday’s close then I can see us retesting lows and more than likely breaking yearly lows. Looking at the chart below, we could just as easily gap up tomorrow morning, sell off to today’s close (filling the gap) and rallying to new swing highs.

Daily Reflection: 07.20

And just like that we are on our way up again. 1051’s traded today to the tick on the ES early this morning. We are now in a long with a target of 1122.

Daily Reflection: 07.19

Looking for a move on the S&P to 1051.

The line in the sand for tomorrow, bullish above Monday’s highs on the S&P, bearish below, hence we will use a break ABOVE Monday’s high to cover shorts, and a break BELOW Monday’s low to cover any longs.

Wk28: Market Recap

An Inverted hammer on the weekly top line figures, once again on stronger volume. The trend thus far this year has been lighter volume on the rallies as compared to the declines.

The general daily trend channel can be seen below. Chop between the upper and lower support and resistance level is possible, we’ve been seeing nice conditions for swing trade setups and great intraday trading.

Wk29: Market Forecast

In the week ahead look for these news announcements to act as potential market movers…

While economic news is light, we are in the thick of earnings season so expect wild price action and a lot of opening gaps. Remember, gaps tend to fill so fading the opening move is typically the first trade of the morning from an intraday perspective. We are expecting some sideways action, but will be watching out for a potential reversal forming a higher low. It is still possible to break lows on the year.

Daily Reflection: 07.15

Tomorrow is Options Expiry. Expect some funky price action especcially during the first half hour. We are expecting resistance at the S&P 1110 level.

Daily Reflection: 07.12

Welcome back. Last week posted the biggest gain in the markets this year. Volume however was extremely light. We are getting in to earnings season with Alcoa (AA) kicking things off tonight after the bell. Things could get choppy as we tend to gap at the open throughout big earnings announcements like GOOG, MSFT, CSCO, etc. Keep your eyes peeled.