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11-18 TRADE REPORT

THE MORNING REPORT – EMissTrade.com

Trading Day: THURSDAY – November 18th, 2011

OVERVIEW:

Ho Hum…as expected we saw low volume rotation today with a narrow (8.5) point range.  It was hard to trade a directionless market.  Since the market closed 2.5 points off yesterday’s close it didn’t provide many clues for Thursday’s trading

For THURSDAY:

Jobless Claims, Leading Indicators, and Philly Fed numbers should give us some fuel for the RTH Thursday.  Because we didn’t see and profit taking today we will be watching the 1170 area for a break.  A clear break may lead us down to the 1162-1164 area will a stop at the 1167 level.  We will be cautious on any long trades…there’s a lot of wood to chop to the upside.

@emisstrade
www.emisstrade.com

 

TREND:

SHORT TERM TREND :  BEARISH

LONG TERM TREND :  BEARISH

 

 

TARGETS  NUMBERS: ESZ0

***1211.75 – Friday’s High
1210.50 – 11/12 Gap
 

***1201-1202 Area

1195.75 – 11/16 Gap


***1190.00 – 1191 Area


***1182.00 – Yesterday’s High


1177.75 – CLOSE

 

***1173.50 – Yesterday’s Low

***1170.50 – 1171.00 Area

1167.00 – 1168.00 Area

1162.00 – 1164 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.