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1-4-11 TRADE REPORT

THE MORNING REPORT
EMissTrade.com

Trading Day: TUESDAY – JANUARY 4th, 2011 

OVERVIEW: 

Happy New Year!  The markets didn’t disappoint Monday with a strong Gap and Go situation.  Even with the sell off through the afternoon the market still remains Bullish. 

 

For TUESDAY:

The market remains bullish but we saw a fairly strong trend today so there may be some rotation tomorrow in the AM before finding a direction.  A breakdown of the 1262.75 area then expect a slide to the 1257.75 area.  Otherwise on the long break of 1272.50 look for 1278.00 and then 1285.50.  Trade well!

 

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TREND:

SHORT TERM TREND:  BULLISH

LONG TERM TREND:  BULLISH

 

 

TARGETS  NUMBERS: ESH1

1285.52 - Area

1278.00 - Area

***1272.50 – YEARLY HIGH

***1272.50 – Yesterday’s HIGH


<<<1265.25 – CLOSE>>>
 

***1262.75 – Yesterday’s Low

1254.00 – Area

1247.00 – 1247.00 - 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.