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)

The S&P E Mini Futures contract closed up today. After an up day on Wednesday 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 strong up day but on low volume, 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.

Today the record was 3-0 in called trades. Trading 3 contracts, one would have had a profit of $650.00 following my trade management.

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

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 use Mike’s Trading Assistant that is a software product for Tradestation users, it is an Indicator Package on Steroids!

Uncle Mike

 

 Day Trading the S&P Emini Futures 010209: Play Now | Play in Popup | Download (107)

The S&P E Mini Futures contract was up today. After a weak up day yesterday we did most of the work between the 61.8% 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.  We close above the T8, our prefered moving average.

The Daily Swing Trades have not been triggered today.

Today the record was 2-0 in called trades. Trading 3 contracts, one would have had a profit of $650.00 following my trade management.

Trend Trades - 2-0
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 Chat Room where we day trade the S&P E-mini futures, and the  Swing Trading System. ( The Mechanical Monkey ) where we discuss our mechanical trades. 

Uncle Mike

 

 Day Trading the S&P Emini Futures 123008: Play Now | Play in Popup | Download (140)

The S&P E Mini Futures contract was down today. After a few weak days we had another low volume day with little price movement and we did most of the work between the 61.8% 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 2-0 in called trades. Trading 3 contracts, one would have had a profit of $550.00 following the trade management.

Trend Trades - 2-0
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

 

 Day Trading the S&P Emini Futures 122908: Play Now | Play in Popup | Download (101)

The S&P E Mini Futures contract was up 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.

The Daily Swing Trades have not been triggered today.

Today the record was 4-0 in called trades. Trading 3 contracts, one would have had a profit of $1,250.00 following my trade management.

Trend Trades - 4-0
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

 

 Day Trading the S&P Emini futures: Play Now | Play in Popup | Download (194)

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 100% 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.

The Daily Swing Trades have not been triggered today, a swing trade was triggered yesterday late and holding overnight with a trailing stop one would have had a 10-20 point gain!

Today the record was 6-1 in called trades. Trading 3 contracts, one would have had a profit of $950.00 following my trade management.  See video below for a few of the trend trades.

Trend Trades - 4-1
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

 

 Day Trading chat room, trade the E-mini for a living: Play Now | Play in Popup | Download (176)

Well I guess I will be a parrot again…. Another wild day on Wall Street. We had a bullish engulfing candle  put in today on the Dow. This does bodes well for tomorrow and prices would tend to extend in the same direction based upon this bullish candle formation. We closed just above the 61.8% retracement level. Visit my swing trading subscription page for daytrading the S&P.

The momentum oscillators are still heading to the upside but have turned neutral today. The moving averages are still moving sideways and that would suggest that there is indecision.

Please take advantage of the FREE TRIAL to my Swing Trading Subscription The Mechanical Monkey where we discuss and trade mechanically NASDAQ issues.

Aslo check out the  new software product for Tradestation, My Trade Assistant, it is an Indicator Add on and it is like trading on Steriods!

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.

 

 Dow Directions & day trading the S&P eminis: Play Now | Play in Popup | Download (112)

The S&P E Mini Futures contract was neutral today posting a spinning top. After a fairlly neutral day on friday with a spinning top posted the market is undecided.  We closed right at the 50% retracement 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 4-1 in called trades. Trading 3 contracts, one would have had a profit of $1,150.00 following the trade management.  There was a trend trade that went for 10 points, and we took off 2 contracts at 5 points and had a runner for 5 additional points. 

Trend Trades - 3-1
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.  We just had an exit signal on CELG for a profit of $3.30/share.

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 ddon, My Trade Assistant, it is an Indicator Package on Steroids!

Uncle Mike

 

 Day Trading chat room, trade the E-mini for a living: Play Now | Play in Popup | Download (126)

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)