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Options Expiration Holds the Market in Check on Friday F2 Comments: Option expiration held the market in check Friday. Option expiration favored a close from 116 to 117 and this is what happened. It will be ready to move again on Monday. Some news to affect the trading Monday: New Home...

F2 Comments: The market did sell as per the analysis and that selling was present into the close. The news, market structure, ES strength and auction announcements all added to the selling. The selling took the market to support. This support must be taken out to hold the recent shorts in their...

Bernanke's Comments Rally Financials F2 Comments: The market started to sell based on ES strength. When the ES stopped its rally, the financials started to make a comeback. Then Bernanke’s comments hit the tapes and the financials broke out to the upside. His statement was positive for the...

F2 Comments: The market rallied off its day session opening and while it did pause at 116-09, the structure favored higher prices as the day progressed. It was a P pattern and that favors higher prices for whatever the reason. The market broke out in H period hitting 117-11 before the buying...

F2 Comments: The market sold off of negative early news and an ES that held Thursday’s gains. The selling was sustained and the market closed weak too. The analysis without new news favors lower prices on Monday. Only news on tap is LEI, expected at +.5%. If this number comes in higher...

F2 Comments: Markets don’t go straight up, nor down. The market paused and consolidated Wednesday’s selling. An inside day usually means that a new move is setting up over the next couple of days. Most likely direction would be the selling that generated the pause day. Some news to...

F2 Comments: The market opened lower Wednesday and traded lower for the rest of the day. It is pointed lower for tomorrow’s market too. Some news to get through in the morning: Jobless Claims is expected at -565K; Net Long Term TIC Flows at 11.2 B; and Philly Fed at -5.0. The reaction...

I, personally, got the concept from Charles Cochran. But the theory behind it is that the market has come into balance over a period of time, see Steidimeyer on Markets, second edition, and one large commercial order upsets the balance and gets the market moving in a particular direction...

Wrap-Up for Monday, 7/13 F2 Comments: The OVN session did retest Friday’s highs and it held. The day session’s high was even lower. From there the easiest way for the market to trade was lower for the rest of the day and the market did close weak. It is pointed lower Tuesday. Lots of...

F2 Comments: The market traded higher Friday after support was tested in the OVN session and held. The ES was under pressure and sold and this supported the Bond, which did close strong. The market is pointed higher Monday. No scheduled news for Monday. Weekend news and the ES’s direction...

Pre Market Opening Comments for Friday 7/10 Charles Cochran: (7/10/2009 06:11)_ES sold OVN which rallied the financials. Put protection was taken yesterday in the Note. Bond was steady as far as OI in outrights and options. Down to direction of ES again this monring. Given the lack of...

F2 Comments: The market opened lower after the OVN session rejected 121-00 on its opening. While the market didn’t break sharply, it did slowly trade lower and finished weak. Only thing I can see that would stop a retest of today’s lows would be heavy selling in the ES. Some news to...

ES Selling Supports Bonds and Notes F2 Comments: The market traded higher off of deteriorating economic sentiment and fundamentals, which led to selling in the ES, further supporting Bonds and Notes. The 10Y auction took the market even higher. The close was strong. The market activity...

Short Term Fundamentals Positive for Financials F2 Comments: Another strong day of buying in the financials. The short term fundamentals remain positive. The weaker the perception of the economic recovery or delay of such, the more the financials can rally. The 3Y auction was a good one...

Market Structure Favors Retest of Highs on Tuesday F2 Comments: The market held Thursday’s gains in sideways trading. By the close the structure did favor a retest of today’s highs and/or higher prices Tuesday. That said, its auction week and the Dealer network will have a couple of curve...

Unemployment Causes Financials to Rise F2 Comments: The Unemployment news was much better than expected for financials and the Note and Bond rallied as one would expect. The close was strong. The market activity analysis favors higher prices on Monday. Want to buy early weakness and see...

Unemployment on Thursday F2 Comments: Wednesday was basically a trading range as the market motored sideways into Thursday’s number. The biggest news day of the month is the Unemployment news. Many times the high or low of the month is set on this news day. Thursday’s direction...

Support & Resistance Hold on Tuesday F2 Comments: Today was a sideways session. Both support and resistance held. By the close the distribution was a P. This favors a retest of resistance and/or higher prices Wednesday. If Wednesday’s news is supportive, and it will be, if as forecast, the...

Expert Designation I consider myself an expert when I make my 4/32nds a day. When I don't I'm a goat. As you know, trading is discretionary and different people use MP in different ways. I start my daily MP analysis on the TM F1 chart, which is a monthly MP. I mark off the highest volume...

F2 Comments: Monday was a contained day with both support and resistance tested and holding. By the day’s end the market activity analysis slightly favors higher prices Tuesday. This will require some help from the ES and tomorrow’s news. Tuesday’s news: Consumer confidence is expected...