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Nailed It On Friday F2 Comments: Had the day nailed. Analysis had the day as a sale and sell it did. Bids were hit off the opening and when 130-00 wasn’t retested the selling increased until 128-17 was touched. The trading was dominated by EOW profit taking (short covering) and Option...

options Expiration Friday F2 Comments: The market ignored very bullish economic news this morning and sold. When bullish news is ignored, the professional component of the market will turn sellers and longs will liquidate. The focus has shifted to the new administration’s policies and the...

5 Year Note Auction on Thursday F2 Comments: The market got whacked today from uncertainty over the size of the impending bailout and stimulus packages and the recovery in the ES when 800 held on the retest. Northern Trust’s earnings were also better than expected. The ES extended its range...

Shortened Session on Monday F2 Comments: The selling continued from Thursday’s high of 137-31. Good news was ignored as players fought to salvage swing trade profits. EOW profit taking was a given after the early news was out. The surprise was that supportive news brought in little buying...

Here Is The Chart That Accompanies The Last Post

Closing Comments from Thursday's Trading The market did trade higher as per the analysis hitting 137-31 in the OVN session. Supportive news failed to break the ES and the Bond sold hitting 136-085 before the selling was over. Given the close the market may be close to a tradable high. If the...

07:00 Comments from Charles Cochran (07:00)_The market failed to attract buyers OVN and found sellers above 135-00. Near resistance si at 134-26/30, then 135-02. The news forecasts have been revised lower too. The news, if as forecast, should continue to be supportive. Focus is still the...

News Should Support Bonds on Wednesday F2 Comments: The market found sellers at 135-00 in the OVN market and this selling continued until the sellers covered their shorts below 134-00. The ES stalled below 875 and began to sell and the bond recovered to make new intraday highs post day...

Being Patient on a Slow Day Tuesday, January 13th was a difficult trading day early with plenty of consolidation and back filling. Just before noon an uptrend formed - higher highs and higher lows. Note the pivots on the attached chart. There are a number of ways to enter a pivot trade...

Limited News on Tuesday - Focus on ES F2 Comments: The analysis/idea was to find a place to get long. 132-085 was in our #3 support level. That level brought in buyers and they were present into the day’s close at 134-265. The analysis favors higher prices. We want to buy early weakness...

Buying Weakness Still Favored F2 Comments: As per the analysis Friday’s market did trade higher. Short covering, call protection give the 10 point move from the recent highs and a very good 10 Y auction all combined to at least make large players cover their shorts. The news was also better...

10 Year Note Auction Today F2 Comments: The market traded in the predicted range. There were sellers above 133-00 and buyers below 132-00. Took awhile to get to 132-00. Tomorrow’s news and Friday’s news should hold the market in a range early in the session. If not for tomorrow’s Note...

Market Rallies During TIP's Auction F2 Comments: The market did sell as per the analysis hitting 131-235 before buyers entered the market. Today’s TIP auction and a 10 point move off the highs would have encouraged some buying. The market rallied to 133-255 during the TIP’s auction before...

Comments for Tuesday 1/6 No chart at this time, but the comments are relevant. F2 Comments: The third day of heavy selling. Came into today’s session wanting to be a seller and that turned out to be the trade after a rally of a point from the OVN session’s low. Talk about volatility...

Trading Slow Markets When the market is slow, as it usually is between Christmas and New Years, opportunities still exist. You just have to wait for them to develop. There is a tendency to want to do something just to get a little action, but, as Archie Bunker said, stifle yourself. The...

Holiday Market Opportunities Die hard traders found opportunities on Friday, December 26th, the day after Christmas. Volume is relative, so even though there were only 17,000 contracts traded all day, about the same volume you'd expect to see in the overnight session, opportunities still...

Holiday Trading - Probably a Range F2 Comments: The Holidays almost always dampens activity and it did today. It was a trading range affair, period. Sellers above 141-12 and a buyer below 140-08. The close was mid-range too. What do I see for tomorrow? Another trading range day w/the 5Y...

Lower Prices Slightly Favored for Monday F2 Comments: Friday’s market paused. The late buying on Thursday was most likely from institutions exiting their shorts in front of Friday’s December contract expiration. Friday’s market failed to take out Thursday’s highs leading to...

Fundamentals Remain Positive for the Bonds F2 Comments: Another day of buying in the financials. The fundamentals, technicals and outlook for such all remain positive. This is a strong bull market. That said, tomorrow might finally see some profit taking from longs who don’t want to ride...

Charles Cochran's Comments After the Market Close on 12/17 F2 Comments: The market held the gains plus some from the Fed’s announcement to support the markets through monetary, interest rate and balance sheet policies. The market needs to trade higher to hold the recent longs in their...