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12-7 TRADE REPORT

THE MORNING REPORT
EMissTrade.com

Trading Day: TUESDAY – December 7th, 2011 

OVERVIEW:

Just as expected the market decided to digest last week’s news and activity.  Today’s dismal 5.5 point range was not a place for traders.  We saw one of those rare days that the market did not provide us with good set-ups.  This is where patients comes in.  Let’s see how things trade overnight.


 For TUESDAY:

Tight inside range has me on alert for a breakout…unfortunately that may come during the Globex session.  Watch the overnight range and see if the highs and lows bump into our numbers below.  Unless we pick up a ton of volatility overnight I will be waiting for the first 30 Min of the RTH to see if can get a direction.


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TREND:

SHORT TERM TREND:  BULLISH

LONG TERM TREND:  BULLISH

 

 

TARGETS  NUMBERS: ESZ0
1250.00 Area

***1235.00 Area

***1227.25 – YEARLY HIGH

 

***1225.50 – Yesterday’s high 

<<<1222.50 – CLOSE>>>

***1220.00 – Yesterday’s Low

***1216  Area

***1206.00 – Yesterday’s Low
1205 – 1207 Area

 

1201.00 – Area

***1196.75 – 1198 Area

***1186.75 – 1190.00

1178.50 -1179.50 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.