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S&P 500 Emini Trade Update For Week Ending 12/2013

|Includes:DIA, SPDR S&P 500 Trust ETF (SPY)

from the CFRN Trade Desk...

SP500 Emini Futures

Last night's TRADE ALERT for the #SP500 did not trigger. The bigger news is the new all time historic highs in both the cash S&P (SPX) and the Emini Futures ($ES_F). The market broke out and held above our highest Weekly Trading Zone. A rare occurrence, but it does happen.

The Dow Jones cash market (DJIA) and emini futures (YM), also put in new all time historic highs. We will Tweet the Globex open Sunday night with an eye out for any sign of weakness and an opportunity to trade the market back down to support @ 1804/1805.

S&P Trade Alert Recap Week Ending 12/20/13

12/15/13 - Alert: consider being long above 1772 to 1774 or short below 1765 to 1763. As always use a hard stop. Results: #ESH4 - Well our first Tweet of the week went quite nicely. The #SP500 #Emini#Futures dropped from our entry @ 1765 to 1763 right on cue and then rallied to take out the long side of the equation as well.

(click to enlarge)SP500 Emini Trade Alert 12/15/13Click to enlarge

12/16/13 - Alert: #ESH4 - consider being long the #SP500 #Emini #Futures above 1783 to 1785, if the opportunity presents.Results: Stropped out for 8 tick loss.

FOMC Volatility Spike

(click to enlarge)FOMC Volatility Spike - BenClick to enlarge

12/18/13 - Alert: consider being short below 1802 to 1800, if the opportunity presents. The Zone below is 1793/1794. Remember, a 2 point payday consistently.... over time... puts you in the top 1%. Results: This trade ran from the entry to the target 3 times (3X).

12/20/13 - Alert: consider being short below 1798 to 1796. As always use a hard stop and do not risk more than 8 ticks on this setup. Results: Failed to trigger.

Trades listed here are those issued on the overnight Globex session or outside of the Daily Live Trading Room. Daily recap videos of the 2 hour live trading sessions are located here.

Although we did establish new historic all time highs in both the cash market as well as the futures, volume was somewhat anemic for such an important event. We're not calling a top, but the market is showing signs of needing a rest. Again, we will look for any signs of weakness on the Globex open Sunday night and potentially trade back to support @ 1804/1805. Stay tuned for the alert... Take a 5 Day Free Trial

Stocks: SPY, DIA