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Charts, images etc.. should only be posted as links. That might help.

Also, the overnight high for ES was no coincidence, 23.6% 2011, another reason to stay cautious, unless we close back above:

BTW, it is impossible t post trades on this site (slow) in a fast market f you use tight stops like I do. It's also very distracting. Not the right format. NQ 2188 ended up holding and this lunch push could challenge 2201. Out of here, stay safe. Upside risk is 1136 and of course 1138.50...

I might still trade some ZN. But no more equities today, unless we hit a washout low at the close, then I will sell some bull put spreads or other option plays. Do not hold futures over the weekend. Ever.

It will probably get up there, but I've done my trading this morning and going to call it a day. I also don't like the weakness at NQ 2188.

out at even

Long ES 1126, stop 1124m, target 1129

1.8% on the ten found lots of takers. NQ needs to hold 2188.

Longs getting a little bit nervous here as yields pop up to 1.8%. The ZN move might be over, support is now 131'005. There was some exhaustion volume at 1133.75, so non-greedy traders took that. still think we are headed higher, but it gets a little risky now. The game is/was to short squeeze...

1133.75 is initial resistance.

Targeting ES 1136 minimum upside.

Why are you shorting an up day before either NQ or ES tested the overnight highs? Low odds.

So true.

NQ held the channel overnight. ES lower low on less volume, at least so far. Bulls have the edge above 1121. This could be a chop day, usually what happens after a big trending day, so don't stay married.

If you buy right, like now and not in a bubble, it becomes an enforced savings and in the long run a great wealth building tool. Anyone in their 20's or 30's who can qualify should be buying right now. They will be very glad they did so in 20 years.

Note that even intrady, when NQ made a new low from the overnight session (2175 low, Globex was 2185)), and ES had not yet done so (still above 1120), it gave us a sell signal. It happens almost everyday, every minute. This is just my experience. I find TF to be too dramatic and all over the...

ES

TF

Well, actually I recently posted charts from March 2009 showing TF and ES making new lows, while NDX /NQ did not (it made its lows in November 2008). So NDX was teh bullish divergcne, not the Russell. I think thanks to the smart phone space (all in NDX, including chips) it is NDX back in the...

Jeff Cooper, always an interesting read (if not a little overly technical), at my friends from Minyanville: http://www.minyanville.com/businessmarkets/articles/operation-twist-federal-reserve-stock-market/9/22/2011/id/37003