Just getting ready to hit the sack. Thought I would post some things I am looking at for tomorrow and the coming few weeks. Here is my anaylsis longer term. SPX just completed minimum target of completing a climatic wedge in a weekly resistance zone. At this point I see a move down to 1396 and possibly 1375. The only contigency is the ES possibly finding support in the 1424-1433 area and rallying once more into the final zone at 1468-1470 where we will see a significant decline.
ES Journal Archive (2006 - 2008)
- Thread starter Buy1Sell2
- Start date
- Status
Tomorrow, I am looking at these pink and blue levels as possible reversal areas. I will be placing a good size put position in the 1447 area and adding on in the 1451 area. I will be closing them with any move above 1455. This trade is definately countertrend, but it meets my trade requirements and I am confident in it. I will be closing them out at 1434, 1427 with 50% of the position and leaving the remaining piece for 1415, 1401 and ultimately 1378 if it ever gets there.
I see some decent support in the 1433 area but the main zone is at 1424-1426.
Lets hope this volatility continues and have a solid week of trading...
I see some decent support in the 1433 area but the main zone is at 1424-1426.
Lets hope this volatility continues and have a solid week of trading...
US Political, Economic Calendar - Week Ahead
All dates are in ET Time.
Monday, February 12, 2007
ET/GMT Expected Previous
1400/1900 Jan Tsy Budget Statement +$21.0B +$44.54B
Tuesday, February 13, 2007
ET/GMT Expected Previous
0745/1245 Feb 10 ICSC Chain Store Sales +1.3%
0830/1330 Dec US Trade Deficit $59.5B $58.23B
0855/1355 Feb 10 Redbook Retail Sales Index +1.7%
1700/2200 Feb 11 ABC/Washington Post Consumer Confidence -1
Index
Wednesday, February 14, 2007
ET/GMT Expected Previous
0700/1200 Feb 9 MBA Refinancing Index +0.2%
0830/1330 Jan Retail & Food Sales +0.6% +0.9%
0830/1330 Jan Retail & Food Sales, ex-autos +0.5% +1.0%
1000/1500 Dec Business Inventories unch +0.4%
1000/1500 Fed Chmn Bernanke testifies before the
Senate Banking Committee on the U.S.
economic outlook
1030/1530 Feb 9 US Energy Dept Crude Oil Stocks (in -400K
barrels)
1030/1530 Feb 9 US Energy Dept Distillate Stocks (in -3.7M
barrels)
1030/1530 Feb 9 US Energy Dept Gasoline Stocks (in +2.6M
barrels)
1200/1700 Former Fed Chief Greenspan speaks in
Toronto
Thursday, February 15, 2007
ET/GMT Expected Previous
0830/1330 Jan Import Prices -1.5% +1.1%
0830/1330 Feb NY Fed Mfg Index 11.5 9.13
0830/1330 Feb 10 Jobless Claims +4K +3K
0900/1400 Dec Tsy Intl Capital Flows $74.9B
0915/1415 Jan Indus Production -0.1% +0.4%
0915/1415 Jan Capacity Utilization 81.6% 81.8%
1000/1500 Fed Chmn Bernanke testifies before the
House Financial Services Committee on
the U.S. economic outlook
1000/1500 Feb 3 DJ-BTMU Business Barometer +0.2%
1030/1530 Feb 9 US Energy Dept Natural Gas Stocks (in -224
billion cubic feet)
1200/1700 Feb Philadelphia Fed Business Index 5.0 8.3
1300/1800 Feb NAHB Housing Index 35
1315/1815 St. Louis Fed Pres Poole speaks on
"U.S. Savings" before the Chartered
Financial Analysts in Omaha, Neb.
1630/2130 Money Supply
Friday, February 16, 2007
ET/GMT Expected Previous
0830/1330 Jan Housing Starts -2.6% +4.5%
0830/1330 Jan PPI -0.6% +0.9%
0830/1330 Jan PPI, ex-food and energy +0.2% +0.2%
1000/1500 Feb University of Michigan Consumer 96.0 96.9
Sentiment Index, prelim
1230/1730 Chicago Fed Pres Moskow speaks on the U.S.
econ outlook in Chicago
1400/1900 US bond markets close early ahead of
Presidents Day holiday
2000/0100 Dallas Fed Pres Fisher speaks on the
importance of education and leadership
in Harlingen, Texas
All dates are in ET Time.
Monday, February 12, 2007
ET/GMT Expected Previous
1400/1900 Jan Tsy Budget Statement +$21.0B +$44.54B
Tuesday, February 13, 2007
ET/GMT Expected Previous
0745/1245 Feb 10 ICSC Chain Store Sales +1.3%
0830/1330 Dec US Trade Deficit $59.5B $58.23B
0855/1355 Feb 10 Redbook Retail Sales Index +1.7%
1700/2200 Feb 11 ABC/Washington Post Consumer Confidence -1
Index
Wednesday, February 14, 2007
ET/GMT Expected Previous
0700/1200 Feb 9 MBA Refinancing Index +0.2%
0830/1330 Jan Retail & Food Sales +0.6% +0.9%
0830/1330 Jan Retail & Food Sales, ex-autos +0.5% +1.0%
1000/1500 Dec Business Inventories unch +0.4%
1000/1500 Fed Chmn Bernanke testifies before the
Senate Banking Committee on the U.S.
economic outlook
1030/1530 Feb 9 US Energy Dept Crude Oil Stocks (in -400K
barrels)
1030/1530 Feb 9 US Energy Dept Distillate Stocks (in -3.7M
barrels)
1030/1530 Feb 9 US Energy Dept Gasoline Stocks (in +2.6M
barrels)
1200/1700 Former Fed Chief Greenspan speaks in
Toronto
Thursday, February 15, 2007
ET/GMT Expected Previous
0830/1330 Jan Import Prices -1.5% +1.1%
0830/1330 Feb NY Fed Mfg Index 11.5 9.13
0830/1330 Feb 10 Jobless Claims +4K +3K
0900/1400 Dec Tsy Intl Capital Flows $74.9B
0915/1415 Jan Indus Production -0.1% +0.4%
0915/1415 Jan Capacity Utilization 81.6% 81.8%
1000/1500 Fed Chmn Bernanke testifies before the
House Financial Services Committee on
the U.S. economic outlook
1000/1500 Feb 3 DJ-BTMU Business Barometer +0.2%
1030/1530 Feb 9 US Energy Dept Natural Gas Stocks (in -224
billion cubic feet)
1200/1700 Feb Philadelphia Fed Business Index 5.0 8.3
1300/1800 Feb NAHB Housing Index 35
1315/1815 St. Louis Fed Pres Poole speaks on
"U.S. Savings" before the Chartered
Financial Analysts in Omaha, Neb.
1630/2130 Money Supply
Friday, February 16, 2007
ET/GMT Expected Previous
0830/1330 Jan Housing Starts -2.6% +4.5%
0830/1330 Jan PPI -0.6% +0.9%
0830/1330 Jan PPI, ex-food and energy +0.2% +0.2%
1000/1500 Feb University of Michigan Consumer 96.0 96.9
Sentiment Index, prelim
1230/1730 Chicago Fed Pres Moskow speaks on the U.S.
econ outlook in Chicago
1400/1900 US bond markets close early ahead of
Presidents Day holiday
2000/0100 Dallas Fed Pres Fisher speaks on the
importance of education and leadership
in Harlingen, Texas
No 10:30 today...
looking for the next move down.
looking for the next move down.
L
Lance Carson
ESH7 is going back to Prev Close- Guaranteed
i'm with lance. Long and strong
- Status