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11-30 TRADE REPORT

THE MORNING REPORT EMissTrade.com

Trading Day: TUESDAY – November 30th, 2011 

OVERVIEW:

Syke!!!  Yes Mr. Market can play games with the best of them.  After a nice sell off in AM (Thanks Europe) the market did an about-face and ran for the hills with no pullback.  If you missed the up move you are not alone…unless you played the breakout of the coil there was very little chance of getting on board.  Besides most people were playing for a breakdown and not a breakout.  So what is this telling us?  Wait for confirmation! 

For TUESDAY:

The pundits are out in force so you should be picky about trade placement.  There is news out in the AM so watch the first 30 min of RTH carefully.  Going into tomorrow I will be looking to see if we stayed above the 1181 area in the globex session.  If we stay or trade above this in the AM I will look to get long for a test of the 1190 Highs.  Below the 1181 then I will wait until we trade below 1174 area then I will look for patterns to get short.  There is a large area of no mans land in between to avoid.  Trade well and be on your toes. 


TRADE LESS – EARN MORE

@emisstrade
www.emisstrade.com

 

TREND:

SHORT TERM TREND:  NEUTRAL

LONG TERM TREND:  BEARISH

 

TARGETS  NUMBERS: ESZ0
***1211.75 – Friday’s High

1210.50 – 11/12 Gap

***1206.75 – Last Week High

***1200-1203 Area

***1190.00 – Yesterday’s High

<<<
1186.50 – CLOSE>>>

1178-1181 Area

***1172.25 – Yesterday’s Low

***1170.50 – 1172.00 Area

1167.00 – 1168.00 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.