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TUESDAY TRADE REPORT

|Includes:EnergySolutions, Inc. (ES-OLD), TF-OLD

THE MORNING REPORT – EMissTrade.com

Trading Day: TUESDAY – November 16th, 2011

OVERVIEW:

Snoozer day Monday.  Most of the day was range bound/low volume with the high topping out at 1205.50.  After a few hours of chop we saw a break of the 1198 area with increased volume and a close at the bottoms of the day (1 point off the day low).  Also, take note of the fact that we probed higher and closed at Friday’s settlement number. 

For TUESDAY:

With Friday’s low(1191.50) just below we will most likely test that number.  If we do I would expect a break of the low.  If we see the break expect the 1183-1185 area to get tested.  Traders beware – the markets are very uncertain about their direction with all of the overseas issues and our own QE2 junk – so we could see some interesting swings as the Bulls/Bears fight for control.  At this time all systems are Bearish so we will be looking short for the 1183-1185 area.  Of course this can change in the Globex session.  Watch our updates throughout the day…Trade Smart – Use good stop management and trade to trade well.   

@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 – Friday’s High
1210.50 – Friday’s Gap


***1211.75 – Yesterday’s High


1201-1202 Area

 

***1195.75 – CLOSE***

1194.75 – Yesterday’s Low

 

1191.50 – Friday’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