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Matt Davio aka @MissTrade
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Matt Davio is an entrepreneur and full time trader and founder of www.emisstrade.com. Over his 19 year trading career Matt has proudly worked at Peak 6 Investments and Parallax Fund. After managing his own fund for three years, Matt decided he would spend more time with his lovely wife and four... More
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  • MONDAY TRADE REPORT 0 comments
    Nov 14, 2010 9:08 PM | about stocks: ES-OLD, TF-OLD

    THE MORNING REPORT – EMissTrade.com

    Trading Day: MONDAY – November 15th, 2011

    OVERVIEW:

    The bears came out to play on Friday picking up speed on a break of the 1202 area.  The volume was strong on the downside all day and any bulls trying to catch some footing caught a few sharp knives.  After the bears found the 1191.50 low they decided to take some profits and closed the market 4 points off the bottom…which gives us some clues for Monday. 

    For MONDAY:

    We have three news reports out in the AM (2 prior to RTH and 1 after) which should add some fuel to the fire.  Our Short Term Trend and Long Term Trend’s have turned bearish however we have to be careful this week since its expiration week and the market tends to bottom the Thursday or Friday prior (Thanks to our friends over at www.Mrtopstep.com).  With that being said...over night (Globex) ranges will be important.  I will look for a rally on Monday and 1203-1204 will be critical and any close above the 1207, then the bulls may  look to run stops and close Friday’s gap at 1210.50.  Nonetheless, we should see some good volatility and good trading.  Be smart – trade to trade well.     

    Trade Less Earn More!

    @emisstrade
    www.emisstrade.com

     

    TREND:

    SHORT TERM TREND :  BEARISH

    LONG TERM TREND :  BEARISH

     

    TARGETS  NUMBERS: ESZ0 

    ***1250 – Commercial Objective

    1235.00

    ***1224.50 - 1224.75 Last Week High

    1217.00 - 1219.50 Area

    ***1211.75 – Yesterday’s High
    1210.50 – Friday’s Gap


    ***1203.00 – 1204.00  Area

    ***1195.50 – CLOSE***

    1191.50 – Yesterday’s Low

    ***1183.00 – 1185.00 Area

    1173.00 – 1174.00 Area

    1170.50 Area


    *** - Area could provide Major Support/Resistance to price

    Disclaimer
    There is a substantial risk of loss in trading futures and options. Past performance is not indicative of future results. The information and data in this report were obtained from sources considered reliable. Their accuracy or completeness is not guaranteed and the giving of the same is not to be deemed as an offer or solicitation on our part with respect to the sale or purchase of any securities or commodities. EmissTrade.com, its officers, directors and its contributors may in the normal course of business have positions, which may or may not agree with the opinions expressed in this report. Any decision to purchase or sell as a result of the opinions expressed in this report will be the full responsibility of the person authorizing such transaction. There is a substantial risk of loss in trading futures and options.


    Stocks: ES-OLD, TF-OLD
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