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12-15 TRADE REPORT

THE MORNING REPORT
EMissTrade.com

Trading Day: WEDNESDAY – December 15th, 2010 

OVERVIEW:  WHERE’S THE BEEF

FOMC came and went with the equivalent of a small sniffle.  With the Fed keeping things unchanged the market stumbled and then found the path to the short side where the buyers cut the slide around 1233.  Lackluster at best!!  If you took the day off you didn’t miss anything. 

 For WEDNESDAY:

With FOMC behind us we look towards Quad Witching on Friday.  Wednesday will bring us more news which hopefully will provide volatility.  It would surprise me to see the year end on low volume, range bound crap.  NOTE:  We have closed the last 3 days within .50 of 1236 – that’s a clue!  Also, we have gone up and tested the 1242 area again and the area was rejected again.  However, volume didn’t support big commercial selling so we have no bias on direction.  Stay nimble Wed and keep an open mind on direction. 

TUESDAY:  Emisstrade was 2 for 2 again…check us out!

EMISSTRADE END OF THE YEAR SPECIAL:  2 for 1

END OF THE YEAR SPECIAL

We posted impressive numbers in November…

…Check out our results:  EMISSTRADE - TRADE RESULTS

Get started right in 2011 - REGISTER NOW:

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TRADE LESS – EARN MORE

@emisstrade
www.emisstrade.com

 

TREND:

SHORT TERM TREND:  NEUTRAL

LONG TERM TREND:  BULLISH

 

 

TARGETS  NUMBERS: ESZ0
1250.00 Area

1242-1245 Area

***1242.25 – YEARLY HIGH

***1242.25 – Yesterday’s HIGH


<<<1236.50 – CLOSE>>>

 

***1233.00 – Yesterday’s Low

 

1227-1229 Area


1220.00 – 1222 Area

 

***1209.25-1210.00 - Area

***1200-1201.75 Area

1189.75 – 1191.50 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.