Re: E-mini Trading

Mike,

Great Report!

Thanks for contributing such info here.

Your Friend,

Matt Zimberg


"Mcav24" <[EMAIL PROTECTED]> wrote in message
news:[EMAIL PROTECTED]
> The Fundamentals:
>
> - The futures market maintains the bulk of its gains and continues to
indicate a higher open for the cash market.  The favorable bias is being
supported by gains in the overseas markets, as well as analysts' positive
commentary on the likes of FCS, YHOO, and Dow components IP and XOM.
(Briefing.Com)
>
> - Early reading on Holiday Sales look positive, and Holiday Travel levels
were back to pre 9/11 levels.  The market should start to focus on this
weeks unemployment report on Friday.
>
> The Reports:
>
> -Nov ISM Manufacturing Index    9:00
>
> -Oct Construction Spending         9:00
>
> The Technicals:
> - The short-term and intermediate trends are both higher.  A close above
1058.00 keeps both trends higher, with a close below 1053.75 moving the
short-term trend lower,and a close below 1052.00 moving the intermediate
trend lower,
>
> Friday's trade produced an upside breakout from the previous days outside
day set-up.  With the futures market trading higher this morning, A
continued move higher, and a test of the highs should be expected.
>
>
> The Long and the Short of it:
>
> The economic reports last week were favorable for the market, and early
sentiment on Holiday spending and travel expenses are very positive as well.
My Focus this week is on the week ending jobs reports, as I feel this is the
last piece of the puzzle.  Technically, the market appears ready to test new
high levels, and with the market showing sizable gains overnight, I would
expect those highs to be tested today.  The market did not act very bullish
at these levels the last time we were up here, so use some caution when
trading, in what should be a more volatile market.  I will hold off from
selling until the R3 area is tested, and I will look to be a buyer around
the PP.
>
>
> GOOD TRADING!
>
> Michael A. Cavanaugh
> My Futures Online
> [EMAIL PROTECTED]
> 1-888-942-7829
>
>
> "MyFuturesOnline - A commodity broker with services tailored to the
individuals future trading needs - regardless of their experience level. MFO
aims to be at the leading edge of commodity trading technology providing the
investor with the tools needed to make intelligent trading decisions and
efficiently execute those transactions."
>
> Important disclaimer:  Futures trading involves risk of loss; only risk
capital should be used when trading futures.  In no way does this e-mail
represent a solicitation to buy or sell futures or options on futures, this
e-mail is for informational and educational purposes only.
>
>