Teach Talk Trade S&P Futures E-mini Day Trading & Technical Analysis

The S&P E Mini Futures contract closed up today. After an up day on yesterday we did most of the work between the 61.8% and 100% retracement level closing above the 100% level and the resistance level of 918. If the S&P can hold the 918 level next week then this bodes well for a short term bottom that has been put in. The markets had a weak up day yesterday, so we will have to see what next week brings. The markets posted supply and demand pictures that imply a turn or at least a pause while it ponders the situation.

The Daily Swing Trades have not been triggered today.

The chart shows both trend trades, listen to the video for more details.  Today the record was 4-0 in called trades. Trading 3 contracts, one would have had a profit of $1350.00 following my trade management.

Trend Trades - 2-0
Scale in Trades - 2-0
Counter Trend Trades - 0-0

Join us in the Day Trading Room where you also receive the Swing Trading System  (The Mechanical Monkey) to get daily swing trades on the ES as well as Equity calls for the NASDAQ.

I use  Uncle Mike’s Trading Assistant,  a software product add on for Tradestation, check it out, it will help in your trading experience.

Uncle Mike

 

 Day Trading the S&P Emini Futures 010609: Play Now | Play in Popup | Download (4)

Three White Soilders

The Dow was higher today. After an up day on Wednesday, the markets posted supply and demand pictures that imply a turn or at least a pause while it ponders the situation.

The StoRSI, our  momentum oscillator, closed near its higher range trigger level at +90.15. This higher reading signals a possible end to the upside momentum. Price could consolidate from this area, due to the overbought condition of the market (which has caused momentum to indicate the overbought conditions).

The T8 which is trending downwards since August 20 or so and now is in a sideways pattern. There is room room between price and the down sideways T8 for a retracement. The market could easily continue to consolidate and or continue down from here. The T8  exponential moving average is our preferred exponential moving average and it dictates our thoughts on the direction of the trend.

The candlestick formation posted in the last three days was a “three white soilders pattern”. which is a bullish candlestick pattern. Many times, this formation leads to a continuation  in trend. Confirmation must take place Monday. This pattern gives us another hint that the market could begin to move up.

***Volatility Alert: during the third week in July, volatility returned to the major stock indices. For approximately four years, the markets have had low to very low volatility. This significant change has ushered in swings of 100, 200 & 700+ points, sometimes on a day-to-day basis. Stock indices tend to be either volatile, or not, for three to five years at a time. Expect continued volatility. The current volatility cycle has just started its volatile period. We feel this is the early stages of volatility and we continue to believe it is here to stay.

Uncle Mike

 

 Dow Directions: Play Now | Play in Popup | Download (114)

Harami

The Dow was down slightly today. After a weak up day on Friday, the markets posted supply and demand pictures that imply a turn or at least a pause while it ponders the situation. 

The StoRSI, our momentum oscillator,  closed near its lower range trigger level at +20.89. This low reading signals a possible end to the downside momentum. Price could consolidate from this area, due to the oversold condition of the market (which has caused momentum to indicate the oversold conditions).

The T8 which is trending downwards since August 20 or so and now is in a sideways pattern. There is little room between price and the down trending T8 for a retracement. The market could easily continue to consolidate and or continue down from here. The T8 exponential moving average   is our preferred exponential moving average and it dictates our thoughts on the direction of the trend.

The candlestick formation posted today was a “harami”.   with a long tail which signals indecision. Many times, this formation leads to a reversal in trend. Confirmation must take place tomorrow but the extension of the wick to the downside gives us another hint that the market could begin to move up.***Volatility Alert:

During the third week in July, volatility returned to the major stock indices. For approximately four years, the markets have had low to very low volatility. This significant change has ushered in swings of 100, 200 & 700+ points, sometimes on a day-to-day basis. Stock indices tend to be either volatile, or not, for three to five years at a time. Expect continued volatility. The current volatility cycle has just started its volatile period. We feel this is the early stages of volatility and we continue to believe it is here to stay.

 Uncle Mike

 

 Dow Directions: Play Now | Play in Popup | Download (106)

The S&P E Mini Futures contract was neutral today. After a neutral day yesterday we did most of the work between the 61.8% and 100% retracement level closing above the 61.8% level and at the moving averages. The markets posted supply and demand pictures that imply a turn or at least a pause while it ponders the situation.

The Daily Swing Trades have not been triggered today.

Today the record was 6-0 in called trades. Trading 3 contracts, one would have had a profit of $1550.00 following my trade management.

Trend Trades - 4-0
Scale in Trades - 1-0
Counter Trend Trades - 1-0

Subscribe to the Mechanical Monkey ( my Swing Trading System ) to get the daily swing trades on the ES as well as Equity calls for the NASDAQ.

Please take advantage of the Day Trading Room where we day trade the S&P E-mini futures, and the Swing Trading Subscription ( The Mechanical Monkey ) where we discuss our mechanical trades.I have a new software product for Tradestation users, Tradestation Indicator Addon, My Trade Assistant, it is an Indicator Package on Steroids!

Uncle Mike

 

 Day Trading the S&P Emini futures: Play Now | Play in Popup | Download (143)

The S&P E Mini Futures contract was down today. After a strong up day yesterday we did most of the work between the 50% and 61.8% retracement level closing above the 61.8% level. The markets posted supply and demand pictures that imply a turn or at least a pause while it ponders the situation.  Today the price action was not very good and the swings intra candle were 3-5 points so it was difficult to have a good risk/reward profile set up.

The Daily Swing Trades have not been triggered today.

Today the record was 2-1 in called trades. Trading 3 contracts, one would have had a profit of $50.00 following my trade management.

Trend Trades - 2-1
Scale in Trades - 0-0
Counter Trend Trades - 0-0

Subscribe to the Mechanical Monkey ( my Swing Trading System ) to get the daily swing trades on the ES as well as Equity calls for the NASDAQ.

Please take advantage of the Day Trading Room where we day trade the S&P E-mini futures, and the Swing Trading Subscription ( The Mechanical Monkey ) where we discuss our mechanical trades.I have a new software product for Tradestation users, Tradestation Indicator Addon, My Trade Assistant, it is an Indicator Package on Steroids!

Uncle Mike

 

 S&P Emini Futures Day Trading: Play Now | Play in Popup | Download (152)

The S&P E Mini Futures contract was up today. After a down day yesterday we did most of the work  between the 50% and 100% retracement level closing above the 61.8% level. The markets posted supply and demand pictures that imply a turn or at least a pause while it ponders the situation.

The Daily Swing Trades have not been triggered today.

Today the record was 5-0 in called trades. Trading 3 contracts, one would have had a profit of $750.00 following the trade management.

Trend Trades - 4-0
Scale in Trades - 1-0
Counter Trend Trades - 0-0

Subscribe to the Mechanical Monkey ( my Swing Trading System ) to get the daily swing trades on the ES as well as Equity calls for the NASDAQ.

Please take advantage of the Day Trading Room where we day trade the S&P E-mini futures, and the Swing Trading Subscription ( The Mechanical Monkey ) where we discuss our mechanical trades.I have a new software product for Tradestation users, Tradestation Indicator Addon, My Trade Assistant, it is an Indicator Package on Steroids!Uncle Mike

 

 S&P E-mini Futures Day Trading: Play Now | Play in Popup | Download (738)

The S&P E Mini Futures contract was down for the Month of November.  We had a strong month trading the ES in the Trading Room with a record of called trades as follows:  102-17.  If one would have been trading 3 contracts following our trade management, one would have be profitable to the tune of $10,200.00 for the month We also have a few Daily Swing Trades that were triggered during the month for  a net 19 points which is not included in the numbers above.

Trend Trades - 52-12
Scale in Trades - 35-4
Counter Trend Trades - 7-1

Subscribe to the Mechanical Monkey ( my Swing Trading System ) to get the daily swing trades on the ES as well as Equity calls for the NASDAQ.

Please take advantage of the Day Trading Room where we day trade the S&P E-mini futures, and the Swing Trading Subscription ( The Mechanical Monkey ) where we discuss our mechanical trades.I have a new software product for Tradestation users, Tradestation Indicator Addon, My Trade Assistant, it is an Indicator Package on Steroids!

Uncle Mike

 

 S&P E-mini Futures Day Trading: Play Now | Play in Popup | Download (196)

The E Mini was flat today after a strong up day yesterday. The markets posted supply and demand pictures that imply a turn or at least a pause while it ponders the situation.

The Daily Swing Trades have not been triggered today.

Today the record was 6-0 in called trades. There were 3 trend trades, 1 counter trend trades and 2 scale in trades. Trading 3 contracts, one would have had a profit of $950.00 following my trade management.

Trend Trades - 3-0
Scale in Trades - 2-0
Counter Trend Trades - 1-0

 This was the entry on the scale in trade at 10:25 and we looked to re-enter after on the large down move but Mr. Market did not retrace enough to let us in.

Subscribe to the Mechanical Monkey  ( my Swing Trading System ) to get the daily swing trades on the ES as well as Equity calls for the NASDAQ.

Please take advantage of the Day Trading Room where we day trade the S&P E-mini futures, and the Swing Trading Subscription ( The Mechanical Monkey ) where we discuss our mechanical trades.I have a new software product for Tradestation users,  Tradestation Indicator Addon, My Trade Assistant, it is an Indicator Package on Steroids!

Uncle Mike

 

 S&P E-mini Futures Day Trading: Play Now | Play in Popup | Download (371)

The S&P Futures E Mini was up  yesterday after an up day on Friday. The markets posted supply and demand pictures that imply a turn or at least a pause while it ponders the situation.

The Daily Swing Trades have not been triggered today.

Today the record was 6-0 in called trades with only 1 trade in the afternoon.  We always try to get our trades done in the morning and then take the rest of the day off. There were 5 trend trades, 0 counter trend trades and 1 scale in trades. Trading 3 contracts, one would have had a profit of $700.00 following my trade management.

Trend Trades - 4-0
Scale in Trades - 1-0
Counter Trend Trades - 0

Subscribe to the Mechanical Monkey ( my Swing Trading System ) to get the daily swing trades on the ES as well as Equity calls for the NASDAQ.

The StoRSI, our momentum oscillator, momentum oscillator, closed near its upper trigger level. This high reading suggest or signals an end to the upside momentum. Price could consolidate from this area, due to the overbought conditions in the market (which has caused momentum to indicate a neutral to bought conditions).

 The T8 which is trending downwards since August 20 or so and now is leveling off. There is plenty of room between price and the level trending T8 for a retracement. The market could easily consolidate back to the T8 exponential moving average before it encounters further resistance. The T8 is our preferred exponential moving average and it dictates our thoughts on the direction of the trend.

***Volatility Alert:

During the third week in July, volatility returned to the major stock indices. For approximately four years, the markets have had low to very low volatility. This significant change has ushered in swings of 100 to 800+ points, sometimes on a day-to-day basis. Stock indices tend to be either volatile, or not, for three to five years at a time. Expect continued volatility. The current volatility cycle has just started its volatile period. We feel this is the early stages of volatility and we continue to believe it is here to stay.

Please take advantage of the FREE Morning Call where Uncle Mike discusses Dow and & subscribe to my Swing Trading Subscription The Mechanical Monkey where we discuss our mechanical trades in ETF’s, E-Minis, NASDAQ & Solar and Alternative Energy issues.

I have a new software product for Tradestation users, My Trade Assistant, it is an Indicator Add on… check out the !

Uncle Mike

PS. Check out our “Trade As A Business” course ( www.teachtalktrade.com/business_plan1.html ) as we will be starting a new course in the comming weeks. Email: um@teachtalktrade.com for information.

 

 S&P E-mini Futures Day Trading: Play Now | Play in Popup | Download (255)

The E Mini was up yesterday after climbing out of a trench and testing the lows all on lower volume. After a strong down day yesterday we did most of the work between the 0% adn 50% retracement levels. The markets posted supply and demand pictures that imply a turn or at least a pause while it ponders the situation.

The Daily Swing Trades were triggered, the agressive one hit the 5 point stop and the conservative entry was not hit.

Today the record was 1-2 in called trades. There were 2 trend trades, 0 counter trend trades and 1 scale in trades. Trading 3 contracts, one would have had a profit of - $450.00 following trade management. It was very difficult to enter yesterday due to the high volume on the 1 and 5 minute candles and the volitility in them.  We use a 2 point stop and there were many 1 minute candles that had 3-5 point swings so we had to stand on the sidelines.  If we would have been in capital preservation mode early we could have entered with half contract size and double the stops.

Trend Trades - 0-2
Scale in Trades - 1-0
Counter Trend Trades - 0-0

Subscribe to the Mechanical Monkey ( my Swing Trading System ) to get the daily swing trades on the ES as well as Equity calls for the NASDAQ.

The StoRSI, our momentum oscillator, momentum oscillator, closed near its upper trigger level. This high reading suggest or signals an end to the upside momentum. Price could consolidate from this area, due to the overbought conditions in the market (which has caused momentum to indicate a neutral to bought conditions).

The T8 which is trending downwards since August 20 or so and now is leveling off. There is plenty of room between price and the level trending T8 for a retracement. The market could easily consolidate back to the T8 exponential moving average before it encounters further resistance. The T8 is our preferred exponential moving average and it dictates our thoughts on the direction of the trend.

The candlestick formation posted today was a “spinning top”. The body of today’s candle was inside the body of yesterdays candle. Many times, this formation leads to a reversal in trend. Confirmation must take place tomorrow but any extensions of the wicks to the upside gives us another hint that the market could begin to move down.

***Volatility Alert:

During the third week in July, volatility returned to the major stock indices. For approximately four years, the markets have had low to very low volatility. This significant change has ushered in swings of 100 to 800+ points, sometimes on a day-to-day basis. Stock indices tend to be either volatile, or not, for three to five years at a time. Expect continued volatility. The current volatility cycle has just started its volatile period. We feel this is the early stages of volatility and we continue to believe it is here to stay.

Please take advantage of the FREE Morning Call where Uncle Mike discusses Dow and & subscribe to my Swing Trading Subscription The Mechanical Monkey where we discuss our mechanical trades in ETF’s, E-Minis, NASDAQ & Solar and Alternative Energy issues.

I have a new software product for Tradestation users, My Trade Assistant, it is an Indicator Add on… check out the !

Uncle Mike

PS. Check out our “Trade As A Business” course ( www.teachtalktrade.com/business_plan1.html ) as we will be starting a new course in the comming weeks. Email: um@teachtalktrade.com for information.

 

 Day Trading the E-Min S&P: Play Now | Play in Popup | Download (558)