Inflection Pivot

CRUDE OIL - POSITIVE EXTREME

2012-01-04T17:58:00.000-06:00

TECHNICAL STATE: #PE - POSITIVE EXTREME

A market in a POSITIVE EXTREME signature state is in extended to the upside. In this market state emotional trading conditions are expected with greed the overwhelming factor. Opportunity exists on both sides of the market with the likely-hood of a sideways session high. If the MKT maintains positive higher move high higher move low structure don't fight it as it is best not to "underestimate" the influence greed can have in a euphoric price move. Keep leverage light and be ready to roll as it is typically for exhaustive tops to be made on an "offer" and not look back. The best SELL REVERSAL opportunities in this trade state happen early in the session after a false upside BREAKOUT and can be the precursor to a sustained CORRECTION or TREND REVERSAL.

CRUDE OIL Futures - REACHING

2010-11-10T22:06:00.000-06:00

- Technically the MKT has produced a positive signal into the upper extreme and will need to hold structure if it is going to avoid a drop back into a digestive trade. 89.50 and 89.92 are the immediate targets that have the potential to derail the current strength with the 86.07 Inflection Pivot the low point for any negative turn of events.

JS

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SOYBEAN Futures - SET FOR SIDEWAYS

2010-11-08T20:29:00.000-06:00

Technically the MKT is in a NEUTRAL DIGESTIVE position with a negative bias below 1283-0 down to the 1268-0 Inflection Pivot. This is the session boundaries if the digestive trade is going to play out. A held violation of this range will spark some interest, especially on a failure from 1268-0.

On the SELL side accept FADE, BREAKOUT and REVERSAL strategies off major inflection points. SELL BREAKOUT strategies should just "go" and not look back, so keep risk parameters tight. FADE strategies after a negative breakdown signal are good opportunities as well but expectation should be for the MKT to quickly move back under the failed support. If the trade just "hangs around" is more likely a signal that more digestive action is coming and a retest of resistance should be expected. Be more aggressive with FADE and REVERSAL strategies at or against the previous session high point targeting the opposing digestive support. Above the previous session high point entering after the 2nd or 3rd press into an area is recommended over stepping in front of the initial challenge.

On the BUY side BREAKOUT strategies are aggressive and should be entered sooner [lower] than later [higher]. Expectations should be for the MKT to make its move early in the session and not look back, holding structure most of the day. If the MKT digests prior to making a positive move it is more likely a short squeeze to FADE. BUY FADE strategies are aggressive and if they are going to work should do so on the initial test of support. Repeated tests or "confirmation" are more likely to give way to a lower trade. BUY REVERSAL strategies are recommended off the session initial major support only, as the MKT is vulnerable to a negative trend shift. The probability is to the downside today so don't get stubborn buying breaks.

Note: The MKT is in neutral so "sloppy" conditions with "false signals" should be anticipated. Have a plan for any squeeze. Don't get stubborn however if the MKT starts to hold structure and gets into trend mode as the contract may just be expanding its digestive parameters producing a one way trade into the close and new extreme.

JS

* ENTRY STRATEGY - 5min web video explaining FADE, BREAKOUT and REVERSAL strategies http://www.jsservices.com/education/sbt/CME_EntryStrategies5min.wmv .

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Eurex BUND Futures - TURNING POINT

2010-11-01T18:20:00.000-05:00

Technically the MKT is in NEUTRAL TRANSITION and has produced a positive signal which should influence the MKT today if the signal is valid. If the integrity of the prior session's high remains intact it is less likely to do so with the MKT returning to a sideways trade. Roll with any new strength and leverage up if good risk parameters present themselves. The potential to get in at the beginning of a new move higher is real.

Key off the 12948 support and 12913 Inflection Pivot. If the MKT is going to rotate higher it will do so from either of these levels. A breach of 13018 confirms this outlook. A break under 12913 puts the contract back in a vulnerable position.

On the SELL side REVERSAL strategies can be executed off of major resistance levels at or near the previous session high point. Avoid this strategy on higher levels as any new strength has the potential to be the beginning of a move. If the integrity of the previous session high remains intact FADE strategies can be accepted at or near this level on the initial test with tight profit target objectives. If the MKT has already had a reaction off this resistance area avoid this strategy. Use a BREAKOUT strategy below 1082.25 as a signal to FADE a positive pull-back after a confirm break in the momentum. Only take this trade if the previous session high point remains intact. Otherwise this will be a BUY REVERSAL opportunity.

On the BUY side be more aggressive after the previous session high has been taken out. Not that this is a pre-condition but should be noted as a confirmation of strength. BREAKOUT strategies above 1091 and 1098.50 should just "go" so keep risk parameters tight. FADE into any negative reaction off an unsuccessful upside BREAKOUT after a support level is confirmed. Use a REVERSAL strategy to leverage up after the MKT gets back above the original breakout point. If the integrity of the previous session high remains intact, avoid REVERSAL strategies as any break momentum is a negative signal that the MKT is going to return to its neutral posture. FADE strategies off the 1082.25 Inflection Pivot are recommended early in the session or near the end. The positive signal will either play out from the get go or will make its move in the latter stages of the trading session.

Note: This is a dangerous emotional trading environment. Expect MKT reactions to go a little further that you expect in either direction so anticipate this in your position and risk management.

JS

* ENTRY STRATEGY - 5min web video explaining FADE, BREAKOUT and REVERSAL strategies http://www.jsservices.com/education/sbt/CME_EntryStrategies5min.wmv .

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NIKKEI 225 INDEX Futures - RISING SUNSETS

2010-10-28T22:29:00.000-05:00

Technically the MKT is in a BEAR TREND ACCELERATION position and is vulnerable to the offer. Any positive corrective action is expected to be short lived with only one upside "stop squeeze" if the negative momentum is going to play out. Any held strength and repeated probe higher is a sign that the trade will turn digestive. This does not take away from the negative bias but does limit the profit potential for any new sales in the session.

The 9500 Inflection Pivot is the high point for any positive squeeze. All trading below here keeps the contract on edge. A break under 9125 confirms fresh losses targeting 8875 on any new losses. A breach of 9375 signals a digestive trade up to 9500. Only above here is the negative sentiment removed.
On the SELL side accept FADE, REVERSAL and BREAKOUT strategies below the previous sessions high point. BREAKOUT strategies should just "go", so do not risk much. FADE strategies are recommended over REVERSAL strategies as the MKT is expected to hold lower structure and any momentum shift should be considered a potential positive corrective turn.

On the BUY side avoid REVERSAL strategies off major support levels as these signals are more likely short squeeze rallies and opportunities to SELL into and FADE. BREAKOUT strategies above the previous session high are a long shot, so risk less and go for more. Any BUY FADE should have confirmation and are not recommended if the integrity of the previous session high is intact. After a break in the negative structure confirmed support levels can be used for short term reactions using aggressive position management.

Note: The MKT is in an aggressive sell posture. If the previous session high is intact its just a matter of time before the sellers try to overwhelm the MKT. Look for excuses to get short. If the previous session high is breached opportunity will be on both sides of the MKT, however the bias still rests with the Bears.

JS

* ENTRY STRATEGY - 5min web video explaining FADE, BREAKOUT and REVERSAL strategies http://www.jsservices.com/education/sbt/CME_EntryStrategies5min.wmv .

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FTSE100 Futures - BLOODY HELL

2010-10-27T22:46:00.000-05:00

Technically the MKT is in a NEUTRAL CORRECTIVE state producing a negative signal against a positive trend. Opportunity exists on both sides of the MKT however the threat of further losses will weigh on the Index below the 5671.0 Inflection Pivot. A break under 5597.0 confirms fresh losses targeting 5523.0 on any downside follow through. 5467.5 is the session extreme. A rise above 5671.0 turns the trade digestive.

On the SELL side avoid FADE strategies until after the previous session low point or major support level has been broken to confirm a negative shift in momentum. Until then a better opportunity will be a REVERSAL strategy but only off the 1st major resistance level. This is a one shot trade using a low risk big profit target criteria. The idea is that if the MKT is going to follow through on its negative signal any strength is just a "head fake " before it follows through. SELL BREAKOUT strategies can be profitable but they are aggressive and should look to take profits and potentially REVERSE long at support targets. The trade is corrective and the underlying positive tone must be respected.

On the BUY side accept BREAKOUT, FADE and REVERSAL strategies off major inflection points with the expectation that the positive momentum is going to resume. REVERSAL strategies are recommended over a FADE strategies, which should have at least 1 if not 2 challenges to the support integrity before executing a long off it. BREAKOUT strategies can risk a little more if current events and other MKTs of confluence confirm a positive posture with the expectation that the Bull Trend is going to resume. If not a better approach would be to FADE a negative "squeeze" reaction after a positive breakout signal as the neutral technical position can keep the trend sideways.

Note: The MKT is in a corrective position with the potential to move in either direction. Keep your opinions to themselves and focus on what the MKT is telling you it wants to do. Don't fight it, roll with it.

JS

* ENTRY STRATEGY - 5min web video explaining FADE, BREAKOUT and REVERSAL strategies http://www.jsservices.com/education/sbt/CME_EntryStrategies5min.wmv .

To learn more about JS Services Strategy Based Trading approach please contact me at info@jsservices.com . You can also visit http://www.jsservices.com/ and sign up for a Complimentary FREE Trial.

GOLD Z'10 Futures- LOST LUSTER

2010-10-26T22:36:00.000-05:00

Technically the MKT is in NEUTRAL TRANSITION and difficult trading conditions are expected. The MKT has produced an aggressive sell signal which should weigh on the MKT today if the signal is valid. If the integrity of the prior session's low remains intact a return to a sideways trend less trade is likely. Roll with any new weakness and leverage up if good risk parameters present themselves. The potential to get in at the beginning of a new move lower is real.

The 1349.6 Inflection Pivot holds the key to today's action. Below here the negative signal remains in play targeting 1307.3 and 1276.2 on any negative turn of events. A rise above 1349.6 is a sign of strength that has the contract flirtng with a play for higher move highs targeting 1375.6 and 1406.4.
On the SELL side be more aggressive after the previous session low is taken out. Not that this is a pre-condition but should be noted as a confirmation of weakness. BREAKOUT strategies should just "go" so keep risk parameters tight. FADE into any positive reaction off an unsuccessful downside BREAKOUT after a resistance level is confirmed. Use a REVERSAL strategy to leverage up back under the original failure point. If the integrity of the previous session low remains intact, avoid REVERSAL strategies as expectations are that the "negative" signal is going to follow through it should do so straight away and any break in the negative momentum is a positive signal that the MKT is going to return to its neutral posture. FADE strategies are recommended early in the session or near the end. The negative signal will either play out from the get go or will weigh on the MKT in the latter stages of the trading session.

On the BUY side REVERSAL strategies can be executed off of major support levels at or near the previous session low point. Avoid this strategy on lower levels as any new weakness has the potential to be the beginning of a move. If the integrity of the previous session low remains intact FADE strategies can be accepted at or near this inflection point on the initial test with tight profit target objectives. If the MKT has already had a reaction off this support area avoid this strategy. Use BREAKOUT strategies as a signal to FADE a negative pull-back after a confirm break in the negative momentum. Only take this trade if the previous session low point remains intact. Otherwise this will be a SELL REVERSAL opportunity.

Note: This is a dangerous emotional trading environment. You should expect the MKT reactions to go a little further that you expect in either direction so anticipate this in your position and risk management.

JS

* ENTRY STRATEGY - 5min web video explaining FADE, BREAKOUT and REVERSAL strategies http://www.jsservices.com/education/sbt/CME_EntryStrategies5min.wmv .

To learn more about JS Services Strategy Based Trading approach please contact me at info@jsservices.com . You can also visit http://www.jsservices.com/ and sign up for a Complimentary FREE Trial.

GOLD Futures Z'10 - TIME TO TIGHTEN THE COLLAR

2010-10-21T22:21:00.000-05:00

Technically the MKT is in a BEAR TREND ACCELERATION and flirting with the lower extreme. The MKT has produced a big negative signal and any positive corrective action is expected to be short lived with only one upside "stop sweep" if the negative moemtnum is going to play out. Any held strength and repeated probe higher is a sign that the trade will turn digestive. This does not take away from the negative bias but does limit the profit potential for any new sales in the session.

Key off the 1332.5 resistance and the 1347.4 Inflection Pivot. Either price level has the potential to be the high point for any positive reaction if the negative signal is going to play out. Only above 1347.4 is the contract out of harms way. A break under 1312.7 confirms fresh losses.

On the SELL side accept FADE, REVERSAL and BREAKOUT strategies below the previous sessions high point. BREAKOUT may need to be "worked" as the MKT is on edge and will be emotional, producing some starts and stops before it drops. FADE strategies are recommended over REVERSAL strategies as the MKT is expected to hold lower structure and any momentum shift should be considered a potential positive corrective turn.

On the BUY side avoid REVERSAL strategies off major support levels as these signals are more likely short squeeze rallies and opportunities to SELL into and FADE. BREAKOUT strategies above the previous session high are a long shot, so risk less and go for more. Any BUY FADE should have confirmation and are not recommended if the integrity of the previous session high is intact. After a break in the negative structure confirmed support levels can be used for short term reactions using aggressive position management.

Note: The MKT is on edge and is vulnerable to a big drop. If the previous session high is intact its just a matter of time before the sellers try to overwhelm the MKT. Look for excuses to get short. If the previous session high is breached opportunity will be on both sides of the MKT, however the bias still rests with the Bears.

JS

* ENTRY STRATEGY - 5min web video explaining FADE, BREAKOUT and REVERSAL strategies http://www.jsservices.com/education/sbt/CME_EntryStrategies5min.wmv .

To learn more about JS Services Strategy Based Trading approach please contact me at info@jsservices.com . You can also visit http://www.jsservices.com/ and sign up for a Complimentary FREE Trial.

BRITISH POUND FUTURES - SET TO SWING

2010-10-19T23:01:00.000-05:00

Technically the MKT is at a NEUTRAL NEGATIVE EXTREME and is ready to either pop back into a firm neutral posture or break into a new down trend. The MKT has produced a technical sell signal into support and is in a "Make or Break" scenario. Volatility as well is on the fence and ready to rise with a new trend move and decline with some sideways "positioning".

Key off the 15853 Inflection Pivot for an indication of the session bias. Below here the negative sentiment hangs over the contract pressing support at 15667. A held trade below here is needed to keep the currency on edge.

On the SELL side accept FADE and BREAKOUT strategies expecting an immediate follow through to the MKT's technical sell signal. BREAKOUT strategies should be worked with the expectation that any sustained trade and repeated tests of support will give way to negative follow through. This strategy is vulnerable to the MKT expanding its lower support band in a series of starts and stops. Keep profit targets extended to pay for any monies spent holding a position. FADE strategies should expect an immediate reaction as any held trade or violation of major resistance foreshadows a potential turning point. These are good opportunities to "roll" into a long position when stopped out.

On the BUY side FADE and REVERSAL strategies off major support base are qualified however the FADE is a lower probability and should use tight risk criteria. REVERSALs can risk more but should also go for more profit with the expectation of a turning point "key reversal" signal to play out. BREAKOUT strategies are aggressive and should just "go" and not look back. Risk less and go for more. A laborious lack-luster rise after a positive breakout is a sign that the MKT is more likely expanding its resistance lid for a new consolidation verses transition from negative to positive technical posture.

Note: The MKT has produced a negative signal but it is not confirmed and trending indicators do not support follow through in either direction at this time. The MKT has the potential for big range conditions so don't get stuck FADing momentum in either direction.

JS

* ENTRY STRATEGY - 5min web video explaining FADE, BREAKOUT and REVERSAL strategies http://www.jsservices.com/education/sbt/CME_EntryStrategies5min.wmv .

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Eurex EUROStoxx Futures- DIZZY

2010-10-13T23:54:00.000-05:00

Technically the MKT has produced a major positive signal into the upper extreme and will need to hold structure if it is going to avoid a drop back into a digestive trade. Key off the 2741.0 Inflection Pivot for an indication of the session tone. If the MKT is going to hold structure it will maintain a trade above here. If not the contract is vulnerable to a retreat down to 2695.0, if not 2603. Notable resistance at 2787.0 will gauge any new strength.

On the SELL side UP FADE signals are valid but REVERSAL strategies are a better option. Have resting limit orders off support inflections and use aggressive position management to lock in any unrealized gains on any REVERSAL trade. DIR and DP BREAKOUT strategies are aggressive but do have the potential to profit from a quick negative move out of the extreme. Use tight position management for these strategies as any unrealized profits can be erased quickly by the underlying positive momentum.

On the BUY side accept DP FADE signals after confirmation. The MKT is extended and may search for stops before it resumes its Bull move. REVERSAL strategies are a better option. The sharper the break, the better for an entry with the expectations that the MKT is going to revisit the recent move high. BUY DIR and UP BREAKOUT strategies may need to be "worked" as the MKT is extended and has the potential to produce some starts and stops.

JS

* ENTRY STRATEGY - 5min web video explaining FADE, BREAKOUT and REVERSAL strategies http://www.jsservices.com/education/sbt/CME_EntryStrategies5min.wmv .

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US 30YR T-BOND Futures - CORRECTIVE

2010-10-12T22:29:00.000-05:00

Technically the MKT has produced a big negative signal against a positive trend which will weigh on the MKT with all trading below the 134-04 Inflection Pivot.. Only a rise above here puts the contract back in a solid state.

On the SELL side avoid FADE strategies until after the previous session low point or major support level has been broken to confirm a negative shift in momentum. REVERSAL strategies should be avoided as any positive signal is more likely an indication that the underlying trend is going to resume. SELL BREAKOUT strategies can be profitable but they are aggressive and should look to take profits and potentially REVERSE long at support targets.

On the BUY side accept BREAKOUT, FADE and REVERSAL strategies off major inflection points with the expectation that the positive momentum is going to resume. REVERSAL strategies are recommended over a FADE strategies, which should have at least 1 if not 2 challenges to the support integrity. BREAKOUT strategies can risk a little more if current events confirm a positive posture. If not a better approach would be to FADE a negative "squeeze" reaction after a positive breakout signal as the neutral technical position can keep the trend sideways.

JS

* ENTRY STRATEGY - 5min web video explaining FADE, BREAKOUT and REVERSAL strategies http://www.jsservices.com/education/sbt/CME_EntryStrategies5min.wmv .

To learn more about JS Services Strategy Based Trading approach please contact me at info@jsservices.com . You can also visit http://www.jsservices.com/ and sign up for a Complimentary FREE Trial.

SWISS FRANC Futures - EASTERN ALLY

2010-10-07T22:01:00.000-05:00

Technically the MKT is in a NEUTRAL CORRECTIVE state producing a negative signal against a positive trend. Opportunity exists on both sides of the MKT however a held trade above the 10372 Inflection Pivot is needed to put this market back on the bright side. A held trade below this price point keeps the corrective signal in play and a failure from 10319 confirms fresh losses targeting 10213 on any new weakness. 10001 is the extended target.

On the SELL side avoid FADE strategies until after the previous session low point or major support level has been broken to confirm a negative shift in momentum. Until then a better opportunity will be a REVERSAL strategy but only off the 1st major resistance level. This is a one shot trade using a low risk big profit target criteria. The idea is that if the MKT is going to follow through on its negative signal any strength is just a "head fake " before it follows through. SELL BREAKOUT strategies can be profitable but they are aggressive and should look to take profits and potentially REVERSE long at support targets. The trade is corrective and the underlying positive tone must be respected.

On the BUY side accept BREAKOUT, FADE and REVERSAL strategies off major inflection points with the expectation that the positive momentum is going to resume. REVERSAL strategies are recommended over a FADE strategies, which should have at least 1 if not 2 challenges to the support integrity before executing a long off it. BREAKOUT strategies can risk a little more if current events and other MKTs of confluence confirm a positive posture with the expectation that the Bull Trend is going to resume. If not a better approach would be to FADE a negative "squeeze" reaction after a positive breakout signal as the neutral technical position can keep the trend sideways.

Note: The MKT is in a corrective position with the potential to move in either direction. Keep your opinions to themselves and focus on what the MKT is telling you it wants to do. Don't fight it, roll with it.

JS

* ENTRY STRATEGY - 5min web video explaining FADE, BREAKOUT and REVERSAL strategies http://www.jsservices.com/education/sbt/CME_EntryStrategies5min.wmv .

To learn more about JS Services Strategy Based Trading approach please contact me at info@jsservices.com . You can also visit http://www.jsservices.com/ and sign up for a Complimentary FREE Trial.

NASDAQ 100 Futures - NEW BEST FRIEND

2010-10-06T22:42:00.000-05:00

Technically the MKT has produced a big positive signal and flirting with a shift into BULL TREND ACCELERATION position. Key off the 2010.50 Inflection Pivot. If the MKT is good it will maintain a trade above here and railroad higher. A breach of 2028.25 confirms this outlook targeting 2092 on any held advance. A break under 1992.75 removes the friendly feelings for this contract.

On the SELL side REVERSAL strategies can be executed off of major resistance levels. Expectations should be for an immediate exhaustive turn with the MKT quickly moving away from the area. A gradual decline following a reversal signal and it more likely just a pause before another round of buying, so in either scenario keep position management tight. Avoid SELL FADE strategies even with confirmation, as this is more likely a lid for a BREAKOUT BUY strategy. SELL BREAKOUT strategies are not recommended but can be used as a signal for a FADE against Directional Resistance.

On the BUY side accept FADE, REVERSAL and BREAKOUT strategies above the previous sessions low point. BREAKOUT strategies should just "go", so do not risk much. Be wary of these strategies early in the session and look to exit on the 1st break in structure. BUY FADE strategies are recommended over REVERSAL strategies as the MKT is expected to hold higher structure and any failure should be considered a potential negative corrective shift. The MKT is aggressively bid which should keep pace throughout the session if the TREND ACCELERATION forecast is going to play out.

Note: The worst-case scenario for a MKT in this technical position is to go higher early in the session and then break all day. Be alert to recognize this. If you have > 3 loser long trades consider taking the next sell signal anticipating a corrective turn. Remember in this technical position if the MKT is going higher it should just go. If not there is the potential for a corrective break or digestive trading environment.

JS

* ENTRY STRATEGY - 5min web video explaining FADE, BREAKOUT and REVERSAL strategies http://www.jsservices.com/education/sbt/CME_EntryStrategies5min.wmv .

To learn more about JS Services Strategy Based Trading approach please contact me at info@jsservices.com . You can also visit http://www.jsservices.com/ and sign up for a Complimentary FREE Trial.

CORN Fturures - BACK IN BIDNESS?

2010-10-05T22:52:00.000-05:00

Technically the MKT is in a BULL TREND ACCELERATION posture and has produced a big positive signal. The MKT should "run" to a new level if the signal is valid.

Key off the 481-4 Inflection Pivot for an indication of the session bias. A held trade above here keeps the contract aggressively bid targeting 515-4 on any new interest. A break under 481-4 puts the positive signal in question and the MKT back in a difficult sideways trade.

On the SELL side REVERSAL strategies can be executed at extremes following an exhaustive signal. Expectations should be for an immediate exhaustive turn with the MKT quickly moving away from the area. A gradual decline following a reversal signal and it is more likely just a pause before another round of buying, so lock in any unrealized gains. SELL FADE strategies have potential but wait for repeated tests, with the best opportunity not violating the resistance level. Consider rolling long on any stops with this strategy. SELL BREAKOUT strategies are not recommended but can be used as a signal for a FADE against Directional resistance.

On the BUY side accept FADE, REVERSAL and BREAKOUT strategies above the previous session's low point. BREAKOUT strategies early in the session may have issues holding structure, so respect any break in momentum. BUY FADE strategies are recommended over REVERSAL strategies as the MKT is expected to hold higher structure and any failure should be considered a potential negative corrective shift. The MKT is aggressively bid which should keep pace throughout the session if the TREND ACCELERATION forecast is going to play out.

Note: The worst-case scenario for a MKT in this technical position is to go higher early in the session and then break all day. Be alert and recognize this. If you have > 3 loser long trades, consider taking the next sell signal, anticipating a corrective turn. Remember in this technical position if the MKT is going higher, it should just go. If not, there is the potential for a corrective break or digestive trading environment.

JS

* ENTRY STRATEGY - 5min web video explaining FADE, BREAKOUT and REVERSAL strategies http://www.jsservices.com/education/sbt/CME_EntryStrategies5min.wmv .

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Eurex BOBL Futures - NEW INTEREST

2010-10-04T22:20:00.000-05:00

Technically the MKT is in a BULL TREND ACCELERATION posture and has produced a big positive signal. The MKT should "run" to a new level if the signal is valid targeting 121.23 on any positive follow through. Key off the 120.46 Inflection Pivot. This is the base supporting the underlying positive momentum. If the MKT is heading higher it will not do much if any trading below here. A breach of 120.89 confirms fresh interest.

On the SELL side REVERSAL strategies can be executed at extremes following an exhaustive signal. Expectations should be for an immediate exhaustive turn with the MKT quickly moving away from the area. A gradual decline following a reversal signal and it is more likely just a pause before another round of buying, so lock in any unrealized gains. SELL FADE strategies have potential but wait for repeated tests, with the best opportunity not violating the resistance level. Consider rolling long on any stops with this strategy. SELL BREAKOUT strategies are not recommended but can be used as a signal for a FADE against Directional resistance.

On the BUY side accept FADE, REVERSAL and BREAKOUT strategies above the previous session's low point. BREAKOUT strategies early in the session may have issues holding structure, so respect any break in momentum. BUY FADE strategies are recommended over REVERSAL strategies as the MKT is expected to hold higher structure and any failure should be considered a potential negative corrective shift. The MKT is aggressively bid which should keep pace throughout the session if the TREND ACCELERATION forecast is going to play out.

Note: The worst-case scenario for a MKT in this technical position is to go higher early in the session and then break all day. Be alert and recognize this. If you have > 3 loser long trades, consider taking the next sell signal, anticipating a corrective turn. Remember in this technical position if the MKT is going higher, it should just go. If not, there is the potential for a corrective break or digestive trading environment.

JS

* ENTRY STRATEGY - 5min web video explaining FADE, BREAKOUT and REVERSAL strategies http://www.jsservices.com/education/sbt/CME _EntryStrategies5min.wmv.

To learn more about JS Services Strategy Based Trading approach please contact me at info@jsservices.com . You can also visit http://www.jsservices.com/ and sign up for a Complimentary FREE Trial.

DOW FUTURES - DICEY

2010-09-30T22:23:00.000-05:00

Technically the MKT is in a NEUTRAL CORRECTIVE state producing a negative signal against a positive trend. Opportunity exists on both sides of the MKT.

Key off the 10799 Inflection Pivot for an indication of the session bias. If the corrective trade is going to have a bite the MKT will remain below here. A held breach and the buyers will try to take back the reigns.

On the SELL side avoid FADE strategies until after the previous session low point or major support level has been broken to confirm a negative shift in momentum. Until then a better opportunity will be a REVERSAL strategy but only off the 1st major resistance level. This is a one shot trade using a low risk big profit target criteria. The idea is that if the MKT is going to follow through on its negative signal any strength is just a "head fake " before it follows through. SELL BREAKOUT strategies can be profitable but they are aggressive and should look to take profits and potentially REVERSE long at support targets. The trade is corrective and the underlying positive tone must be respected.

On the BUY side accept BREAKOUT, FADE and REVERSAL strategies off major inflection points with the expectation that the positive momentum is going to resume. REVERSAL strategies are recommended over a FADE strategies, which should have at least 1 if not 2 challenges to the support integrity before executing a long off it. BREAKOUT strategies can risk a little more if current events and other MKTs of confluence confirm a positive posture with the expectation that the Bull Trend is going to resume. If not a better approach would be to FADE a negative "squeeze" reaction after a positve breakout signal as the neutral technical position can keep the trend sideways.

Note: The MKT is in a corrective position with the potential to move in either direction. Keep your opinions to themselves and focus on what the MKT is telling you it wants to do. Don't fight it, roll with it.

JS

* ENTRY STRATEGY - 5min web video explaining FADE, BREAKOUT and REVERSAL strategies http://www.jsservices.com/education/sbt/CME _EntryStrategies5min.wmv.

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EUREX DAX Futures - SCARY THOUGHTS

2010-09-29T21:52:00.000-05:00

Technically the MKT is in NEUTRAL TRANSITION and difficult trading conditions are expected. The MKT has produced an aggressive sell signal which should weigh on the MKT today if the signal is valid. If the integrity of the prior session's low remains intact a return to a sideways trend less trade is likely. Roll with any new weakness and leverage up if good risk parameters present themselves. The potential to get in at the beginning of a new move lower is real.

6260.0 is the Inflection Pivot to key off for the session tone. If the negative signal is going to follow through it will struggle to maintain a trade above here. Only above 6293.0 is the negative threat removed. A break under 6227.0 confirms fresh losses with 6161.0 and 6111.5 the extended targets for any negative follow through.
On the SELL side be more aggressive after the previous session low is taken out. Not that this is a pre-condition but should be noted as a confirmation of weakness. BREAKOUT strategies should just "go" so keep risk parameters tight. FADE into any positive reaction off an unsuccessful downside BREAKOUT after a resistance level is confirmed. Use a REVERSAL strategy to leverage up back under the original failure point. If the integrity of the previous session low remains intact, avoid REVERSAL strategies as expectations are that the "negative" signal is going to follow through it should do so straight away and any break in the negative momentum is a positive signal that the MKT is going to return to its neutral posture. FADE strategies are recommended early in the session or near the end. The negative signal will either play out from the get go or will weigh on the MKT in the latter stages of the trading session.

On the BUY side REVERSAL strategies can be executed off of major support levels at or near the previous session low point. Avoid this strategy on lower levels as any new weakness has the potential to be the beginning of a move. If the integrity of the previous session low remains intact FADE strategies can be accepted at or near this inflection point on the initial test with tight profit target objectives. If the MKT has already had a reaction off this support area avoid this strategy. Use BREAKOUT strategies as a signal to FADE a negative pull-back after a confirm break in the negative momentum. Only take this trade if the previous session low point remains intact. Otherwise this will be a SELL REVERSAL opportunity.

Note: This is a dangerous emotional trading environment. You should expect the MKT reactions to go a little further that you expect in either direction so anticipate this in your position and risk management.

JS

* ENTRY STRATEGY - 5min web video explaining FADE, BREAKOUT and REVERSAL strategies http://www.jsservices.com/education/sbt/CME _EntryStrategies5min.wmv.

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CRUDE OIL Futures - CREEPER

2010-09-28T22:45:00.000-05:00

Technically the MKT is in a BEAR TREND but in a DIGESTIVE posture. The MKT has produced a negative signal but has yet to confirm a shift into trend mode. Opportunity exists on both sides of the MKT but selling strength is the better opportunity.

Key off the 76.00 Inflection Pivot. If the MKT is bad it will break below here and not look back targeting 74.12 on any negative turn of events. A held trade above this Inflection Pivot and sentiment has the potential to shift. A breach of 77.25 confirms this outlook targeting 77.97 on the initial pop. Expect a reaction. 79.12 is the extended target for any reversal of fortune.

On the SELL side accept FADE, BREAKOUT and REVERSAL strategies off major inflection points. SELL BREAKOUT strategies should just "go" with the expectation of a clean breakout signal into a new trend. FADE strategies after a negative breakdown signal are good opportunities as well but expectation should be for the MKT to quickly move back under the failed support. If the trade becomes laborous it is more likely a signal that more digestive action is coming and a retest of resistance should be expected. Be more aggressive with FADE and REVERSAL strategies at or against the previous session high point targeting the opposing digestive support. Above the previous session high point entering after the 2nd or 3rd press into an area is recommended over stepping in front of the initial challenge.

On the BUY side BREAKOUT strategies are aggressive and should be entered sooner [lower] than later [higher]. Expectations should be for the MKT to make its move early in the session and not look back, holding structure most of the day. If the MKT digests prior to making a positive move it is more likely a short squeeze to FADE. BUY FADE strategies are aggressive and if they are going to work should do so on the initial test of support. Repeated tests or "confirmation" are more likely to give way to a lower trade. BUY REVERSAL strategies are recommended off the session initial major support only, as the MKT is vulnerable to a negative trend shift. The probability is to the downside today so don't get stubborn buying breaks.

Note: The MKT has produced a negative signal and is flirting with a turn for the worse. If it does not follow through on any new weakness a positive "reversal" is a likely outcome with a retest of the digestive resistance.

JS

* ENTRY STRATEGY - 5min web video explaining FADE, BREAKOUT and REVERSAL strategies http://www.jsservices.com/education/sbt/CME _EntryStrategies5min.wmv .

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NASDAQ 100 INDEX Futures - PAUSE FOR THE CAUSE

2010-09-27T22:19:00.000-05:00

Technically the MKT is in a NEUTRAL CORRECTIVE state producing a negative signal against a positive trend. Opportunity exists on both sides of the MKT.

Key off the 1999.50-1994.25 support band for an indication of the session tone. Above the 1994.25 Inflection Pivot the underlying momentum maintains a positive tone. A held failure here confirms yesterday's negative signal targeting 1966.50 and 1957.50 on any new losses. Expect no follow through. A rise above 2032 is needed to bring back the aggressive bid targeting 2062.75 on any revival.

On the SELL side avoid FADE strategies until after the previous session low point or major support level has been broken to confirm a negative shift in momentum. Until then a better opportunity will be a REVERSAL strategy but only off the 1st major resistance level. This is a one shot trade using a low risk big profit target criteria. The idea is that if the MKT is going to follow through on its negative signal any strength is just a "head fake " before it follows through. SELL BREAKOUT strategies can be profitable but they are aggressive and should look to take profits and potentially REVERSE long at support targets. The trade is corrective and the underlying positive tone must be respected.

On the BUY side accept BREAKOUT, FADE and REVERSAL strategies off major inflection points with the expectation that the positive momentum is going to resume. REVERSAL strategies are recommended over a FADE strategies, which should have at least 1 if not 2 challenges to the support integrity before executing a long off it. BREAKOUT strategies can risk a little more if current events and other MKTs of confluence confirm a positive posture with the expectation that the Bull Trend is going to resume. If not a better approach would be to FADE a negative "squeeze" reaction after a positive breakout signal as the neutral technical position can keep the trend sideways.

Note: The MKT is in a corrective position with the potential to move in either direction. Keep your opinions to themselves and focus on what the MKT is telling you it wants to do. Don't fight it, roll with it.

JS

* ENTRY STRATEGY - 5min web video explaining FADE, BREAKOUT and REVERSAL strategies http://www.jsservices.com/education/sbt/CME_EntryStrategies5min.wmv .

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SP500 INDEX Futures - SKEPTICAL

2010-09-26T21:59:00.000-05:00

- The MKT has produced a major positive technical signal and is flirting with a shift into a more aggressive trend position. Key off the 1150.50-1147.25 resistance band as a pivotal area for trading at these levels. If the MKT is going to extend higher it will build a base above here to make a run for the 1175 level. A held trade below 1147.25 signals a big digestive trade with the 1118.50 Inflection Pivot the low point for a new consolidation.

On the SELL side avoid UP FADE strategies and use a REVERSAL instead. The MKT is excited but has yet to confirm any new advance. Expectations are that any false positive breakout signal will be met with a sharp negative reaction. DP BREAKOUT strategies are a lower probability but are valid and in line with a reversal scenario.

- On the BUY side accept FADE, BREAKOUT and REVERSAL strategies. UP BREAKOUT strategies have the potential to run. If so, they will just "go" and not look back. Any stop and go action and any profits should be realized as it is more likely the MKT will be setting up a re-test of the DIR support to FADE before it can extend higher. FADE and REVERSAL strategies should work off the DP and only provide one opportunity. Repeated tests or base building and it is more likely the MKT is going to search for its lower digestive extreme rather than resume a positive course.

JS

* ENTRY STRATEGY - 5min web video explaining FADE, BREAKOUT and REVERSAL strategies http://www.jsservices.com/education/sbt/CME_EntryStrategies5min.wmv .

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WHEAT Futures - SHAPE SHIFT

2010-09-23T22:31:00.000-05:00

Technically the MKT is in a BEAR TREND ACCELERATION position and is vulnerable to the offer with all trading below the 713-6 Inflection Pivot. Any positive corrective action is expected to be short lived with only one upside "stop squeeze" if the negative momentum is going to play out. Resistance at 707-2 should also be considered as a potential peak. Any held strength and repeated probe higher is a sign that the trade will turn digestive. This does not take away from the negative bias but does limit the profit potential for any new sales in the session. A break under 694-2 confirms fresh losses with 681-2 the initial target.

On the SELL side accept FADE, REVERSAL and BREAKOUT strategies below the previous sessions high point. BREAKOUT strategies should just "go", so do not risk much. FADE strategies are recommended over REVERSAL strategies as the MKT is expected to hold lower structure and any momentum shift should be considered a potential positive corrective turn.

On the BUY side avoid REVERSAL strategies off major support levels as these signals are more likely short squeeze rallies and opportunities to SELL into and FADE. BREAKOUT strategies above the previous session high are a long shot, so risk less and go for more. Any BUY FADE should have confirmation and are not recommended if the integrity of the previous session high is intact. After a break in the negative structure confirmed support levels can be used for short term reactions using aggressive position management.

Note: The MKT is in an aggressive sell posture. If the previous session high is intact its just a matter of time before the sellers try to overwhelm the MKT. Look for excuses to get short. If the previous session high is breached opportunity will be on both sides of the MKT, however the bias still rests with the Bears.

JS

* ENTRY STRATEGY - 5min web video explaining FADE, BREAKOUT and REVERSAL strategies http://www.jsservices.com/education/sbt/CME_EntryStrategies5min.wmv .

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NAT GAS FUtures - TEMPERATURE CHANGE

2010-09-20T22:21:00.000-05:00

Technically the MKT is in a BEAR TREND ACCELERATION position and is vulnerable to the offer. Any positive corrective action is expected to be short lived and top out below the 3.981 resistance pivot with only one upside "stop squeeze" if the negative momentum is going to play out. Any held strength and repeated probe higher is a sign that the trade will turn digestive. This does not take away from the negative bias but does limit the profit potential for any new sales in the session.

Key off the 3.880 Inflection Pivot for an indication of the session tone. Below here the aggressive offers remain in command and a failure from 3.779 puts this market on the ropes down to 3.577 and 3.505 on any new losses. Only a rise above 3.981 gives this contract some relief.
On the SELL side accept FADE, REVERSAL and BREAKOUT strategies below the previous sessions high point. BREAKOUT strategies should just "go", so do not risk much. FADE strategies are recommended over REVERSAL strategies as the MKT is expected to hold lower structure and any momentum shift should be considered a potential positive corrective turn.

On the BUY side avoid REVERSAL strategies off major support levels as these signals are more likely short squeeze rallies and opportunities to SELL into and FADE. BREAKOUT strategies above the previous session high are a long shot, so risk less and go for more. Any BUY FADE should have confirmation and are not recommended if the integrity of the previous session high is intact. After a break in the negative structure confirmed support levels can be used for short term reactions using aggressive position management.

Note: The MKT is in an aggressive sell posture. If the previous session high is intact its just a matter of time before the sellers try to overwhelm the MKT. Look for excuses to get short. If the previous session high is breached opportunity will be on both sides of the MKT, however the bias still rests with the Bears.

JS

* ENTRY STRATEGY - 5min web video explaining FADE, BREAKOUT and REVERSAL strategies http://www.jsservices.com/education/sbt/CME_EntryStrategies5min.wmv .

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Dec' 10 GOLD Futures - NOT SO FAST

2010-09-19T21:46:00.000-05:00

Technically the MKT has produced a positive signal into the upper extreme and will need to hold structure if it is going to avoid a drop back into a digestive trade. Key of the 1261.3 Inflection Pivot. This is the low point for any pull-back today if the underlying positive momentum is going to keep pace. If the MKT is going to make a fresh run in the session it is unlikely it will spend much time if any below 1268.0. If so it is more neutral than negative as only a break under 1261.30 signals a sentiment shift. 1281.4 is the upside hurdle for any new leg higher.

On the SELL side UP FADE signals are valid but REVERSALS are a better option. Use resting profit limits and tight stops. DIR and DP BREAKOUT strategies are aggressive but do have the potential to profit from a quick negative move out of the extreme. Use tight position management as any unrealized profits can be erased quickly.

On the BUY side accept DP FADE signals after confirmation. The MKT is extended and may search for stops before it resumes its Bull move. REVERSAL strategies are a better option. The sharper the break, the better for an entry with the expectations that the MKT is going to revisit the recent move high. BUY DIR and UP BREAKOUT strategies may need to be "worked" as the MKT is extended and has the potential to produce some starts and stops.

JS

* ENTRY STRATEGY - 5min web video explaining FADE, BREAKOUT and REVERSAL strategies http://www.jsservices.com/education/sbt/CME_EntryStrategies5min.wmv .

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USDJPY FOREX - NOW WHAT?

2010-09-15T22:44:00.000-05:00

Technically the MKT is in a DIGESTIVE BULL TREND and is flirting with a shift into a more aggressive positive position. Look for excuses to get long but respect the digestive nature and avoid pressing any position.

The 8418 Inflection Pivot is the base for any pullback if yesterday's intervention is going to have any lasting effect. A breach of 8592 and the powers that be will no doubt toast a little sake. A dip under 8418 and a digestive trade is the expectation.

On the SELL side avoid FADE strategies and use a REVERSAL instead. The MKT is excited but has yet to confirm any new advance. Expectations are that any false positive breakout signal will be met with a sharp negative reaction. BREAKOUT strategies are a lower probability but are valid and in line with a reversal scenario. If the MKT has already produced a false positive signal and is holding negative reversal structure, this strategy has potential. Expectations are that any negative BREAKOUT should just go and with the MKT staying under pressure into the close and expanding the digestive range. Anticipate a positive turn and consider reversing off lower support structure.

On the BUY side accept FADE, BREAKOUT and REVERSAL strategies. BREAKOUT strategies have the potential to run. If so, they will just "go" and not look back. Any stop and go action and any profits should be realized as it is more likely the MKT will be setting up a re-test of support to FADE before it can extend higher. FADE and REVERSAL strategies should work off initial major support and only provide one opportunity. Repeated tests or base building and it is more likely the MKT is going to search for its lower digestive extreme rather than resume a positive course.

Note: The MKT has produced a positive signal but is not confirmed. Be ready for it but if it does not materialize, beware of a negative reaction. Don't get caught fading a break that continues to hold structure as the MKT may be defining its lower digestive extreme and will most likely find it after it hits your last sell stop.

JS

* ENTRY STRATEGY - 5min web video explaining FADE, BREAKOUT and REVERSAL strategies http://www.jsservices.com/education/sbt/CME_EntryStrategies5min.wmv .

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CRUDE OIL Futures - TEMPERATURE CHANGE

2010-09-13T23:09:00.000-05:00

Technically the MKT is in a BULL TREND ACCELERATION posture and has produced a big positive signal. The MKT is in "play" and aggressive action is expected off of technical signals. Anticipate opportunity and position management adjustments, as quick price action is likely.

The 75.74 Inflection Pivot is the base keeping the MKT aggressively bid. This and the 76.57 support are the expected low points for any pull back if the positive signal is going to follow through. A breach of 77.81 confirms this forecast.
On the SELL side REVERSAL strategies can be executed off of major resistance levels. Expectations should be for an immediate exhaustive turn with the MKT quickly moving away from the area. A gradual decline folowing a reversal signal and it more likely just a pause before another round of buying, so in either scenerio keep position management tight. Avoid SELL FADE strategies even with confirmation, as this is more likely a lid for a BREAKOUT BUY strategy. SELL BREAKOUT strategies are not recommended but can be used as a signal for a FADE against Directional reisstance.

On the BUY side accept FADE, REVERSAL and BREAKOUT strategies above the previous sessions low point. BREAKOUT strategies should just "go", so do not risk much. Be wary of these strategies early in the session and look to exit on the 1st break in strucutre. BUY FADE strategies are recommended over REVERSAL strategies as the MKT is expected to hold higher structure and any failure should be considered a potential negative corrective shift. The MKT is aggressively bid which should keep pace throughout the session if the TREND ACCELERATION forecast is going to play out.

Note: The worst-case scenario for a MKT in this technical position is to go higher early in the session and then break all day. Be alert to recognize this. If you have > 3 loser long trades consider taking the next sell signal anticipating a corrective turn. Remember in this technical position if the MKT is going higher it should just go. If not there is the potential for a corrective break or digestive trading environment.

JS

* ENTRY STRATEGY - 5min web video explaining FADE, BREAKOUT and REVERSAL strategies http://www.jsservices.com/education/sbt/CME_EntryStrategies5min.wmv .

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US 30YR T-BOND Futures - HOLD OR FOLD

2010-09-09T22:08:00.000-05:00

Technically the MKT is at a NEUTRAL NEGATIVE EXTREME and is ready to either pop back into a firm neutral posture or break into a new down trend. The MKT has produced a technical sell signal into support and is in a "Hold or Fold" scenario. Volatility as well is on the fence and ready to rise with a new trend move and decline with some sideways "positioning".

130-12 is the base supporting the MKT from a negative shift. Don't fight weakness below here as emotions are expected to enter the equation. The 132-23 Inflection Pivot is the high point for any positive reaction today if the negative sentiment is going to weigh on the contract. Fade moves into this resistance until proven otherwise.
On the SELL side accept FADE and BREAKOUT strategies expecting an immediate follow through to the MKT's technical sell signal. BREAKOUT strategies should be worked with the expectation that any sustained trade and repeated tests of support will give way to negative follow through. This strategy is vulnerable to the MKT expanding its lower support band in a series of starts and stops. Keep profit targets extended to pay for any monies spent holding a position. FADE strategies should expect an immediate reaction as any held trade or violation of major resistance foreshadows a potential turning point. These are good opportunities to "roll" into a long position when stopped out.

On the BUY side FADE and REVERSAL strategies off major support base are qualified however the FADE is a lower probability and should use tight risk criteria. REVERSALs can risk more but should also go for more profit with the expectation of a turning point "key reversal" signal to play out. BREAKOUT strategies are aggressive and should just "go" and not look back. Risk less and go for more. A laborious lack-luster rise after a positive breakout is a sign that the MKT is more likely expanding its resistance lid for a new consolidation verses transition from negative to positive technical posture.

Note: The MKT has produced a negative signal but it is not confirmed and trending indicators do not support follow through in either direction at this time. The MKT has the potential for big range conditions so don't get stuck FADing momentum in either direction.

JS

* ENTRY STRATEGY - 5min web video explaining FADE, BREAKOUT and REVERSAL strategies http://www.jsservices.com/education/sbt/CME_EntryStrategies5min.wmv .

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BRITISH POUND Futures - POSITIVE TRANSITION

2010-09-08T21:07:00.000-05:00

Technically the MKT is in NEUTRAL TRANSITION and difficult trading conditions are expected. The MKT has produced an strong positive signal which should keep the MKT firm today if the signal is valid. If the integrity of the prior session's high remains intact a return to a sideways trend less trade is likely. Roll with any new strength and leverage up if good risk parameters present themselves. The potential to get in at the beginning of a new move higher is real.

The 15410 Inflection Pivot is the base supporting the positive signal. If the currency is heading higher it will not do much if any trading below here. A breach of 15534 confirms the positive sentiment targeting 15689 on any new advance. A break under 15379 negates the optimistic outlook.
On the SELL side REVERSAL strategies can be executed off of major resistance levels at or near the previous session high point. Avoid this strategy on higher levels as any new strength has the potential to be the beginning of a move. If the integrity of the previous session high remains intact FADE strategies can be accepted at or near this inflection point on the initial test with tight profit target objectives. If the MKT has already had a reaction off this resistance area avoid this strategy. Use BREAKOUT strategies as a signal to FADE a positive pull-back after a confirm break in the positive momentum. Only take this trade if the previous session high point remains intact.

On the BUY side be more aggressive after the previous session high is taken out. Not that this is a pre-condition but should be noted as a confirmation of strength. BREAKOUT strategies should just "go" so keep risk parameters tight. FADE into any negative reaction off an unsuccessful upside BREAKOUT after a support level is confirmed. Use a REVERSAL strategy to leverage up after the MKT gets back above the original breakout point. If the integrity of the previous session high remains intact, avoid REVERSAL strategies as expectations are that the "positive" signal is going to follow through it should do so straight away and any break momentum is a negative signal that the MKT is going to return to its neutral posture. FADE strategies are recommended early in the session or near the end. The positive signal will either play out from the get go or will make its move in the latter stages of the trading session.

Note: This is a dangerous emotional trading environment. MKT reactions to go a little further that you expect in either direction so anticipate this in your position and risk management.

JS

* ENTRY STRATEGY - 5min web video explaining FADE, BREAKOUT and REVERSAL strategies http://www.jsservices.com/education/sbt/CME_EntryStrategies5min.wmv .

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EURUSD Forex - GOING NOWHERE FAST

2010-09-07T21:52:00.000-05:00

Technically the MKT is in a BEAR TREND but in a DIGESTIVE posture. The MKT has produced a big negative signal but has yet to confirm a shift into trend mode. Look for excuses to get short below the 12772 Inflection Pivot and use a failure from the 12626 support pivot to confirm a new move south. A held trade above 12772 shift the forecast sideways.

On the SELL side accept FADE, BREAKOUT and REVERSAL strategies off major inflection points. SELL BREAKOUT strategies may need to be "worked" as teh big negative signal will have the sellers excited. FADE strategies after a negative breakdown signal are good opportunities as well and can provide favorable area to put on leverage against structure. Be more aggressive with FADE and REVERSAL strategies at or against the previous session high point targeting the opposing digestive support. Above the previous session high point enterying after the 2nd or 3rd press into an area is recomended over stepping in front of the initial challenge.

On the BUY side BREAKOUT strategies are aggressive and should be entered sooner [lower] than later [higher]. Expectations should be for the MKT to make its move early in the session and not look back, holding strucutre most of the day producing a positive "reversal" signal. If the MKT digests prior to making a positive move it is more likely a short squeeze to FADE. BUY FADE strategies are aggressive and if they are going to work should do so on the initial test of support. Repeated tests or "confirmation" are more likely to give way to a lower trade. BUY REVERSAL strategies are not recommended as any failure is confirmation of a negative trend shift. The probability is to the downside today so don't get stubborn buying breaks.

Note: The MKT has produced a big negative signal and is flirting with a turn for the worse. If it does not follow through on any new weakness it is more likely a nuetral shift than a positive one.

JS

* ENTRY STRATEGY - 5min web video explaining FADE, BREAKOUT and REVERSAL strategies http://www.jsservices.com/education/sbt/CME_EntryStrategies5min.wmv .

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EURUSD Forex - TRUTH OR DARE

2010-09-06T19:18:00.000-05:00

- The MKT is in a holding pattern and is trying to shift into a more aggressive positive position. Key of the 12854 Inlection Pivot for an indication of market sentiment. A held trade above here is needd to keep the buyers happy. A breach o 12926 conirms a fresh adance. A break under 12776 is needed to negate the underlying posiitve tone and put the MKT back on the defensive.

- On the SELL side avoid FADE strategies and use a REVERSAL instead. The MKT is excited but has yet to confirm any new advance. Expectations are that any false positive breakout signal will be met with a sharp negative reaction. BREAKOUT strategies are a lower probability but are valid and in line with a reversal scenario. If the MKT has already produced a false positive signal and is holding negative reversal structure, this strategy has potential.

- On the BUY side accept FADE, BREAKOUT and REVERSAL strategies. BREAKOUT strategies have the potential to run. If so, they will just "go" and not look back. Any stop and go action and any profits should be realized as it is more likely the MKT will be setting up a re-test of support to FADE before it can extend higher. FADE and REVERSAL strategies should work off initial major support and only provide one opportunity. Repeated tests or base building and it is more likely the MKT is going to search for its lower digestive extreme rather than resume a positive course.

JS

* ENTRY STRATEGY - 5min web video explaining FADE, BREAKOUT and REVERSAL strategies http://www.jsservices.com/education/sbt/CME_EntryStrategies5min.wmv .

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AUDUSD Forex - TIME TO PLAY A CARD

2010-09-01T23:20:00.000-05:00

- Technically the MKT has produced a major positive signal and will need to maintain a trade above the 9078 Inflection Pivot to keep yesterday's aggressive buying engaged. A break under 9032 negates the aggressive positive posture shifting the MKT into a digestive trade.

On the SELL side REVERSAL strategies can be executed at extremes following an exhaustive signal. SELL FADE strategies have potential after the 3rd press into an area but retaining the integrity of the inflection point. Consider rolling long on any stops with this strategy. SELL BREAKOUT strategies are not recommended but can be used as a signal for a FADE against Directional resistance.

- On the BUY side accept FADE, REVERSAL and BREAKOUT strategies above 9032. BREAKOUT strategies early in the session may have issues holding structure so respect any break in momentum. BUY FADE strategies are recommended over REVERSAL strategies as the MKT is expected to hold higher structure and any failure should be considered a potential negative corrective shift.

JS

* ENTRY STRATEGY - 5min web video explaining FADE, BREAKOUT and REVERSAL strategies http://www.jsservices.com/education/sbt/CME_EntryStrategies5min.wmv .

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US 30YR T-BOND Z'10 Futures - POSITIVE SIGNAL NEEDS CONFIRMATION

2010-08-31T23:44:00.000-05:00

- Technically the MKT has produced a big positive signal and will need to sustain a trade above 134-15 to keep the buyers aggressive. A breach of 135-07 confirms a new leg higher. Only below 133-23 is the signal negated signaling a drop back into a digestive trade.

On the SELL side REVERSAL strategies can be executed off of major resistance levels. Expectations should be for an immediate exhaustive turn with the MKT quickly moving away from the area. Avoid SELL FADE strategies even with confirmation. SELL BREAKOUT strategies are not recommended but can be used as a signal for a FADE against Directional resistance.

- On the BUY side accept FADE, REVERSAL and BREAKOUT strategies above the previous session's low point. BREAKOUT strategies should just "go", so do not risk much. Be wary of these strategies early in the session and look to exit on the 1st break in structure. BUY FADE strategies are recommended over REVERSAL strategies as the MKT is expected to hold higher structure and any failure should be considered a potential negative corrective shift high.

JS

* ENTRY STRATEGY - 5min web video explaining FADE, BREAKOUT and REVERSAL strategies http://www.jsservices.com/education/sbt/CME_EntryStrategies5min.wmv .

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SP500 INDEX Futures - FLIP FLOP

2010-08-30T23:43:00.000-05:00

Technically the MKT is in a BEAR TREND and has produced a negative signal. The MKT is vulnerable and all sell signals should be considered below the 1047.75 Inflection Pivot. If the negative momentum is going to follow through the market will struggle to maintain a trade above here. If so a return to a firm sideways trade is the forecast.

On the SELL side accept all BREAKOUT, FADE and REVERSAL signals. If the MKT produces a BREAKOUT signal early in the session below 1037.25 it should just "go" and not look back. Beware of any break in early negative structure, as a corrective rally up to 1056.25 and 1066 resistance is a likely scenario. Be selective and wait for an exhaustive signal to re-enter to avoid selling the corrective rally all the way up to your "ideal" sell points but with no confidence left or dry powder. Practice good size management on this move accepting sell signals but leveraging up at the resistance turning points. Anticipate a price "zone" around a major resistance point to FADE. Have a plan and be ready. If your stop gets hit and the MKT does not immediately follow through, consider re-entering, even doubling up if there is structure to define low risk. ONLY keep an aggressive BEAR posture below 1047.75. Above here the MKT is vulnerable to a rally with a breach of 1056.25 the confirm point.

On the BUY side REVERSAL strategies can be executed off of major support levels but preferably after an emotional sell off early in the session. This is an aggressive strategy and any profits should be realized at the previous support failure points. Expectations should be for an immediate "V" bottom turn with the MKT quickly moving away from the area or a gradual rise with higher lows after a lower exhaustive signal. Avoid FADE BUYS even with confirmation, as this is more likely a plateau for a BREAKOUT SELL strategy. BUY BREAKOUT strategies above 1047.75 should just go producing a low volatility one way trade higher. Any stops and go action should be viewed as negative.

Note: The MKT has produced a negative signal and should follow through with authority from the get go if it is serious. If not expect some starts and stops. Be patient and wait for opportunity. A held trade above the 1047.75 has the potential to bounce this contract back on its feet. Don't fight positive structure.

* ENTRY STRATEGY - 5min web video explaining FADE, BREAKOUT and REVERSAL strategies http://www.jsservices.com/education/sbt/CME_EntryStrategies5min.wmv .

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RUSSELL 2000 INDEX Futures - FUN AND GAMES

2010-08-26T22:27:00.000-05:00

Technically the MKT is in a BEAR TREND but in a DIGESTIVE posture. The MKT has produced a big negative signal but has yet to confirm a shift into trend mode. Look for excuses to get short with all trading below the the 611.40 Inflection Pivot.

On the SELL side accept FADE, BREAKOUT and REVERSAL strategies off major inflection points. SELL BREAKOUT strategies below 593.00 may need to be "worked" as teh big negative signal will have the sellers excited. FADE strategies after a negative breakdown signal against 602.50 are good opportunities as well and can provide favorable area to put on leverage against structure. Be more aggressive with FADE and REVERSAL strategies at 611.40 or against the previous session high point targeting the opposing digestive support. Above the previous session high point enterying after the 2nd or 3rd press into an area is recomended over stepping in front of the initial challenge.

On the BUY side BREAKOUT strategies above 611.40 are aggressive and should be entered sooner [lower] than later [higher]. Expectations should be for the MKT to make its move early in the session and not look back, holding strucutre most of the day producing a positive "reversal" signal. If the MKT digests prior to making a positive move it is more likely a short squeeze to FADE. BUY FADE strategies off 593.00 are aggressive and if they are going to work should do so on the initial test of support. Repeated tests or "confirmation" are more likely to give way to a lower trade. BUY REVERSAL strategies are not recommended as any failure is confirmation of a negative trend shift. The probability is to the downside today so don't get stubborn buying breaks.

Note: The MKT has produced a big negative signal and is flirting with a turn for the worse. If it does not follow through on any new weakness it is more likely a nuetral shift than a positive one.

JS

* ENTRY STRATEGY - 5min web video explaining FADE, BREAKOUT and REVERSAL strategies http://www.jsservices.com/education/sbt/CME_EntryStrategies5min.wmv .

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GOLD Futures - READY TO RUN

2010-08-25T23:45:00.000-05:00

Technically the MKT is in a BULL TREND ACCELERATION posture and has produced a big positive signal. The MKT should "run" to a new level if the signal is valid.

Key off the 1222.7 Inflection Pivot. This is the low point for any pull-back if the positive signal is going to remain in play.

On the SELL side REVERSAL strategies can be executed at extremes following an exhaustive signal. Expectations should be for an immediate exhaustive turn with the MKT quickly moving away from the area. A gradual decline following a reversal signal and it is more likely just a pause before another round of buying, so lock in any unrealized gains. SELL FADE strategies have potential but wait for repeated tests, with the best opportunity not violating the resistance level. Consider rolling long on any stops with this strategy. SELL BREAKOUT strategies are not recommended but can be used as a signal for a FADE against Directional resistance.

On the BUY side accept FADE, REVERSAL and BREAKOUT strategies above the previous session's low point. BREAKOUT strategies early in the session may have issues holding structure, so respect any break in momentum. BUY FADE strategies are recommended over REVERSAL strategies as the MKT is expected to hold higher structure and any failure should be considered a potential negative corrective shift. The MKT is aggressively bid which should keep pace throughout the session if the TREND ACCELERATION forecast is going to play out.

Note: The worst-case scenario for a MKT in this technical position is to go higher early in the session and then break all day. Be alert and recognize this. If you have > 3 loser long trades, consider taking the next sell signal, anticipating a corrective turn. Remember in this technical position if the MKT is going higher, it should just go. If not, there is the potential for a corrective break or digestive trading environment.

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CANADIAN DOLLAR Futures - TRUTH TEST

2010-08-19T23:23:00.000-05:00

Technically the MKT is at a NEUTRAL NEGATIVE EXTREME and is ready to either pop back into a firm neutral posture or break into a new down trend. The MKT has produced a technical sell signal into support and is in a "Make or Break" scenario. Volatility as well is on the fence and ready to rise with a new trend move and decline with some sideways "positioning".

Key off the 9675 Inflection Pivot for the key to the validity of the the sell signal.

On the SELL side accept FADE and BREAKOUT strategies expecting an immediate follow through to the MKT's technical sell signal. BREAKOUT strategies below 9581 should be worked with the expectation that any sustained trade and repeated tests of support will give way to negative follow through. This strategy is vulnerable to the MKT expanding its lower support band in a series of starts and stops. Keep profit targets extended to pay for any monies spent holding a position. FADE strategies against 9675 should expect an immediate reaction as any held trade or violation of major resistance foreshadows a potential turning point. These are good opportunities to "roll" into a long position when stopped out.

On the BUY side FADE and REVERSAL strategies off the 9581support are qualified however the FADE is a lower probability and should use tight risk criteria. REVERSALs can risk more but should also go for more profit with the expectation of a turning point "key reversal" signal to play out. BREAKOUT strategies above 9675 are aggressive and should just "go" and not look back. Risk less and go for more. A laborious lack-luster rise after a positive breakout is a sign that the MKT is more likely expanding its resistance lid for a new consolidation verses transition from negative to positive technical posture.

Note: The MKT has produced a negative signal but it is not confirmed and trending indicators do not support follow through in either direction at this time. The MKT has the potential for big range conditions so don't get stuck FADing momentum in either direction.

JS

* ENTRY STRATEGY - 5min web video explaining FADE, BREAKOUT and REVERSAL strategies http://www.jsservices.com/education/sbt/CME_EntryStrategies5min.wmv .

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CRUDE OIL Futures V'10 - SLIPPERY SLOPE

2010-08-18T23:40:00.000-05:00

Technically the MKT is in a BEAR TREND and has produced a negative signal. The MKT is vulnerable and all sell signals should be considered below the 76.43 Inflection Pivot.

On the SELL side accept all BREAKOUT, FADE and REVERSAL signals. If the MKT produces a BREAKOUT signal below 74.89 early in the session it should just "go" and not look back. Beware of any break in early negative structure, as a corrective rally up to resistance is a likely scenario. Be selective and wait for an exhaustive signal to re-enter to avoid selling the corrective rally all the way up to your "ideal" sell at 76.43 and 77.20 but with no confidence left or dry powder. Practice good size management on this move accepting sell signals but leveraging up at the resistance turning points. Anticipate a price "zone" around a major resistance point to FADE. Have a plan and be ready. If your stop gets hit and the MKT does not immediately follow through, consider re-entering, even doubling up if there is structure to define low risk. Follow any corrective rise with a REVERSAL strategy. Expectations are for the negative signal to follow through even if it does in the last hour.

On the BUY side REVERSAL strategies can be executed off of the 74.89 and 72.19 support levels but preferably after an emotional sell off early in the session. This is an aggressive strategy and any profits should be realized at the previous support failure points. Expectations should be for an immediate "V" bottom turn with the MKT quickly moving away from the area or a gradual rise with higher lows after a lower exhaustive signal. Avoid FADE BUYS even with confirmation, as this is more likely a plateau for a BREAKOUT SELL strategy. BUY BREAKOUT strategies above 76.43 and 77.20 are not recommended but do have a better chance of succeeding than a FADE.

Note: The MKT has produced a negative signal and should follow through with authority from the get go if it is serious. If not expect some starts and stops. Be patient and wait for opportunity. As soon as the MKT starts to look "good", its time dial in your sell strategies, especially if the integrity of the previous session high point remains intact. Above the previous session high point and all negative bets are off.

JS

* ENTRY STRATEGY - 5min web video explaining FADE, BREAKOUT and REVERSAL strategies http://www.jsservices.com/education/sbt/CME_EntryStrategies5min.wmv .

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SP500 Index Futures - TRANSITIONAL

2010-08-17T23:12:00.000-05:00

Technically the MKT is in NEUTRAL TRANSITION and has produced a positive signal which should influence the MKT today if the signal is valid. If the integrity of the prior session's high remains intact it is less likely to do so with the MKT returning to a sideways trade. Roll with any new strength and leverage up if good risk parameters present themselves. The potential to get in at the beginning of a new move higher is real.

Key off the 1082.25 Inflection Pivot as the base for the positive transition signal. If the MKT is going to rotate higher any turn to support will bottom out above here.
On the SELL side REVERSAL strategies can be executed off of major resistance levels at or near the previous session high point. Avoid this strategy on higher levels as any new strength has the potential to be the beginning of a move. If the integrity of the previous session high remains intact FADE strategies can be accepted at or near this level on the initial test with tight profit target objectives. If the MKT has already had a reaction off this resistance area avoid this strategy. Use a BREAKOUT strategy below 1082.25 as a signal to FADE a positive pull-back after a confirm break in the momentum. Only take this trade if the previous session high point remains intact. Otherwise this will be a BUY REVERSAL opportunity.

On the BUY side be more aggressive after the previous session high has been taken out. Not that this is a pre-condition but should be noted as a confirmation of strength. BREAKOUT strategies above 1091 and 1098.50 should just "go" so keep risk parameters tight. FADE into any negative reaction off an unsuccessful upside BREAKOUT after a support level is confirmed. Use a REVERSAL strategy to leverage up after the MKT gets back above the original breakout point. If the integrity of the previous session high remains intact, avoid REVERSAL strategies as any break momentum is a negative signal that the MKT is going to return to its neutral posture. FADE strategies off the 1082.25 Inflection Pivot are recommended early in the session or near the end. The positive signal will either play out from the get go or will make its move in the latter stages of the trading session.

Note: This is a dangerous emotional trading environment. Expect MKT reactions to go a little further that you expect in either direction so anticipate this in your position and risk management.

JS

* ENTRY STRATEGY - 5min web video explaining FADE, BREAKOUT and REVERSAL strategies http://www.jsservices.com/education/sbt/CME_EntryStrategies5min.wmv .

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SWISS FRANC Futures - IMPRESSIVE

2010-08-16T22:19:00.000-05:00

Technically the MKT is in a BULL TREND ACCELERATION posture and has produced a big positive signal which will remain intact with all trading above the 9529 Inflection Pivot. The MKT is in "play" and aggressive action is expected off of technical signals. Anticipate opportunity and position management adjustments, as quick price action is likely.

On the SELL side REVERSAL strategies can be executed off 9670 and 9717 of major resistance levels. Expectations should be for an immediate exhaustive turn with the MKT quickly moving away from the area. A gradual decline folowing a reversal signal and it more likely just a pause before another round of buying, so in either scenerio keep position management tight. Avoid SELL FADE strategies even with confirmation, as this is more likely a lid for a BREAKOUT BUY strategy. SELL BREAKOUT strategies are not recommended but can be used as a signal for a FADE against Directional reisstance at 9623.

On the BUY side accept FADE, REVERSAL and BREAKOUT strategies above the previous sessions low point. BREAKOUT strategies above 9670 should just "go", so do not risk much. Be wary of these strategies early in the session and look to exit on the 1st break in strucutre. BUY FADE strategies are recommended over REVERSAL strategies at 9576 and 9529 as the MKT is expected to hold higher structure and any failure should be considered a potential negative corrective shift. The MKT is aggressively bid which should keep pace throughout the session if the TREND ACCELERATION forecast is going to play out.

Note: The worst-case scenario for a MKT in this technical position is to go higher early in the session and then break all day. Be alert to recognize this. If you have > 3 loser long trades consider taking the next sell signal anticipating a corrective turn. Remember in this technical position if the MKT is going higher it should just go. If not there is the potential for a corrective break or digestive trading environment.
JS
* ENTRY STRATEGY - 5min web video explaining FADE, BREAKOUT and REVERSAL strategies http://www.jsservices.com/education/sbt/CME_EntryStrategies5min.wmv .

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USDJPY Forex - CORRECTIVE

2010-08-12T20:12:00.000-05:00

Technically the MKT is in a NEUTRAL CORRECTIVE state producing a positive signal against a negative trend. Opportunity exists on both sides of the MKT however the threat of the return of the negative momentum must be respected as a good probability.

Key off the 8573 Inflection Pivot for an indication of the session tone. Above here the corrective signal is in play with a breach of 8624 needed to confirm a higher trade. Trading below 8573 puts the MKT into a digestive posture and a failure from 8522 signals a return to the offer.

Note: The MKT is in a corrective position with the potential to produce a sharp short covering rally, a messy sideways digest or a resumption of the negative trend. Keep your opinions to themselves and focus on what the MKT is telling you it wants to do. Don't fight it, roll with it. If you have > 3 losses consider reversing strategy.

JS

* ENTRY STRATEGY - 5min web video explaining FADE, BREAKOUT and REVERSAL strategies http://www.jsservices.com/education/sbt/CME_EntryStrategies5min.wmv .

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Canadian Dollar Futures - SET TO SWING

2010-08-11T22:32:00.001-05:00

Technically the MKT has produced a big negative signal against a positive trend and will remain vulnerable to the offer below the 9651 Inflection Pivot.

On the SELL side avoid FADE strategies against 9607 and 9651 until after the previous session low point or 9519 support level has been broken to confirm a negative shift in momentum. REVERSAL strategies should be avoided as any positive signal is more likely an indication that the underlying trend is going to resume. SELL BREAKOUT strategies below 9519 can be profitable but they are aggressive and should look to take profits and potentially REVERSE long at support targets.

On the BUY side accept BREAKOUT, FADE and REVERSAL strategies off major inflection points with the expectation that the positive momentum is going to resume. REVERSAL strategies are recommended over a FADE strategies off the 9519 support pivot, which should have at least 1 if not 2 challenges to the support integrity. BREAKOUT strategies above 9563 and 9651can risk a little more if current events confirm a positive posture. If not a better approach would be to FADE a negative "squeeze" reaction after a positive breakout signal as the neutral technical position can keep the trend sideways.

JS

* ENTRY STRATEGY - 5min web video explaining FADE, BREAKOUT and REVERSAL strategies http://www.jsservices.com/education/sbt/CME_EntryStrategies5min.wmv .

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CRUDE OIL Futures - VULNERABLE BELOW 81.13

2010-08-10T22:59:00.000-05:00

Technically the MKT is in a BEAR TREND ACCELERATION and flirting with further losses with all trading below the 81.13 Inflection Pivot. The MKT has produced a big negative signal and any positive corrective action is expected to be short lived with only one upside "stop sweep" if the negative momentum is going to play out. Any held strength and repeated probe higher is a sign that the trade will turn digestive. This does not take away from the negative bias but does limit the profit potential for any new sales in the session.

On the SELL side accept FADE, REVERSAL and BREAKOUT. BREAKOUT strategies below the 79.59 support pivot may need to be "worked" as the MKT is on edge and will be emotional, producing some starts and stops before it drops. FADE strategies are recommended over REVERSAL strategies at 81.13as the MKT is expected to hold lower structure and any momentum shift should be considered a potential positive corrective turn.

On the BUY side avoid REVERSAL strategies off major support levels as these signals are more likely short squeeze rallies and opportunities to SELL into and FADE. BREAKOUT strategies above the previous session high or the 81.13 resistance level are a long shot, so risk less and go for more. Any BUY FADE strategies off the 79.59 support should have confirmation and are not recommended if the integrity of the previous session high is intact. After a break in the negative structure confirmed support levels can be used for short term reactions using aggressive position management.

Note: The MKT is on edge and is vulnerable to a big drop. If the previous session high is intact its just a matter of time before the sellers try to overwhelm the MKT. Look for excuses to get short. If the previous session high is breached opportunity will be on both sides of the MKT, however the bias still rests with the Bears.

* ENTRY STRATEGY - 5min web video explaining FADE, BREAKOUT and REVERSAL strategies http://www.jsservices.com/education/sbt/CME_EntryStrategies5min.wmv .

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SP500 Index Futures - TRYING TO MAKE A DIFFERENCE

2010-08-09T22:34:00.000-05:00

:Technically the MKT is in a NEUTRAL CORRECTIVE state producing a negative signal against a positive trend. Opportunity exists on both sides of the MKT, however a held trade above the 1113 Inflection Pivot will keep the positive momentum in command. A failure from 1113 and the Bears have something to sink their teeth into.

On the SELL side avoid FADE strategies until after the previous session low point or major support level has been broken to confirm a negative shift in momentum. Until then a better opportunity will be a REVERSAL strategy but only off the 1129.50 resistance level. This is a one shot trade using a low risk big profit target criteria. The idea is that if the MKT is going to follow through on its negative signal any strength is just a "head fake " before it follows through. SELL BREAKOUT strategies under 1113 can be profitable but they are aggressive and should look to take profits and potentially REVERSE long at support targets at 1104.75 and 1090.25. The trade is corrective and the underlying positive tone must be respected.

On the BUY side accept BREAKOUT, FADE and REVERSAL strategies off major inflection points with the expectation that the positive momentum is going to resume. REVERSAL strategies are recommended over a FADE strategies at 1113, which should have at least 1 if not 2 challenges to the support integrity before executing a long off it. BREAKOUT strategies above 1129.50 can risk a little more if current events and other MKTs of confluence confirm a positive posture with the expectation that the Bull Trend is going to resume. If not a better approach would be to FADE a negative "squeeze" reaction after a positive breakout signal down to 1121.25 as the neutral technical position can keep the trend sideways.

Note: The MKT is in a corrective position with the potential to move in either direction. Keep your opinions to themselves and focus on what the MKT is telling you it wants to do. Don't fight it, roll with it.

JS

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GOLD Futures - TRUTH OR DARE

2010-08-05T22:30:00.000-05:00

Technically the MKT is in a NEUTRAL CORRECTIVE state producing a big negative signal against a positive trend. Opportunity exists on both sides of the MKT however the underlying positive bias from the past 7 sessions will keep the pace above the 1181.3 Inflection Pivot. Only below here is the MKT vulnerable to a beating.

On the SELL side avoid FADE strategies against the 1204.4 resistance pivot until after the previous session low point or major support level has been broken to confirm a negative shift in momentum. REVERSAL strategies should be avoided as any positive signal is more likely an indication that the underlying trend is going to resume. SELL BREAKOUT strategies below 1189 can be profitable but they are aggressive and should look to take profits at 1181.3 and potentially REVERSE long at support targets. The trade is counter trend so avoid any negative commitments. Only under 1181.3 can this MKT let loose to the downside targeting 1162.1.

On the BUY side accept BREAKOUT, FADE and REVERSAL strategies off major inflection points with the expectation that the positive momentum is going to resume. REVERSAL strategies off 1189 and 1181.3 are recommended over a FADE strategies, which should have at least 1 if not 2 challenges to the support integrity before executing a long off it. BREAKOUT strategies above 1204.4 can risk a little more if current events and other MKTs of confluence confirm a positive posture. If not a better approach would be to FADE a negative "squeeze" reaction after a positive breakout signal down to 1196.7 as the neutral technical position can keep the trend sideways.

Note: The MKT has produced a big technical signal against the current trend. Be aware that the negative action may be a 1-day event with the positive trend quickly re-establishing itself. If the MKT is really going to turn it should remain hard pressed and provide little or no relief.
JS

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EUREX BUND Futures - NOT SO FAST

2010-08-03T23:12:00.000-05:00

Technically the MKT has produced a positive signal but remains in a DIGESTIVE BULL TREND. Key off the 12861 Inflection Pivot for an indication of the session. As long as the MKT is above here the positive signal will be in play. Look for excuses to get long but respect the digestive nature and avoid pressing any position.

On the SELL side avoid FADE strategies and use a REVERSAL instead at the 12939 resistance pivot. The MKT is excited but has yet to confirm any new advance. Expectations are that any false positive breakout signal will be met with a sharp negative reaction. BREAKOUT strategies below 12861 are a lower probability but are valid and in line with a reversal scenario. If the MKT has already produced a false positive signal and is holding negative reversal structure, this strategy has potential. Expectations are that any negative BREAKOUT should just go and with the MKT staying under pressure into the close and expanding the digestive range. Anticipate a positive turn and consider reversing off lower support structure.

On the BUY side accept FADE, BREAKOUT and REVERSAL strategies. BREAKOUT strategies above 12939 have the potential to run. If so, they will just "go" and not look back. Any stop and go action and any profits should be realized as it is more likely the MKT will be setting up a re-test of support to FADE off 12900 before it can extend higher. FADE and REVERSAL strategies should work off the 12861 support pivot and only provide one opportunity. Repeated tests or base building and it is more likely the MKT is going to search for its lower digestive extreme rather than resume a positive course.

Note: The MKT has produced a positive signal but is not confirmed. Be ready for it but if it does not materialize, beware of a negative reaction. Don't get caught fading a break that continues to hold structure as the MKT may be defining its lower digestive extreme and will most likely find it after it hits your last sell stop.

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Nasdaq 100 Index Futures - ON THE HOT SEAT

2010-07-29T22:02:00.001-05:00

Technically the MKT is in NEUTRAL TRANSITION and difficult trading conditions are expected. The MKT has produced an aggressive sell signal which should weigh on the MKT today if the signal is valid. If the integrity of the prior session's low remains intact a return to a sideways trend less trade is likely. Roll with any new weakness and leverage up if good risk parameters present themselves. The potential to get in at the beginning of a new move lower is real.

Key off the 1858.50 Inflection Pivot for an indication of the session tone. Below here the negative signal is in play and the MKT vulnerable.

On the SELL side be more aggressive after the previous session low is taken out. Not that this is a pre-condition but should be noted as a confirmation of weakness. BREAKOUT strategies below 1836.75 should just "go" so keep risk parameters tight. FADE into any positive reaction off an unsuccessful downside BREAKOUT against 1858.50. Use a REVERSAL strategy to leverage up back under the original failure point. If the integrity of the previous session low remains intact, avoid REVERSAL strategies as expectations are that the "negative" signal is going to follow through it should do so straight away and any break in the negative momentum is a positive signal that the MKT is going to return to its neutral posture. FADE strategies against 1877.75 are recommended early in the session or near the end. The negative signal will either play out from the get go or will weigh on the MKT in the latter stages of the trading session.

On the BUY side REVERSAL strategies can be executed off the 1836.75 or near the previous session low point. Avoid this strategy on lower levels as any new weakness has the potential to be the beginning of a move. If the integrity of the previous session low remains intact FADE strategies can be accepted at or near this inflection point on the initial test with tight profit target objectives. If the MKT has already had a reaction off this support area avoid this strategy. Use BREAKOUT strategies above 1877.75 as a signal to FADE a negative pull-back at 1858.50. Only take this trade if the previous session low point remains intact. Otherwise this will be a SELL REVERSAL opportunity.

Note: This is a dangerous emotional trading environment. You should expect the MKT reactions to go a little further that you expect in either direction so anticipate this in your position and risk management.

JS

* ENTRY STRATEGY - 5min web video explaining FADE, BREAKOUT and REVERSAL strategies http://www.jsservices.com/education/sbt/CME_EntryStrategies5min.wmv .

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AUDUSD Forex - CORRECTIVE SIGNAL

2010-07-28T22:05:00.000-05:00

Technically the MKT is in a NEUTRAL CORRECTIVE state producing a big negative signal against a positive trend. Opportunity exists on both sides of the MKT, however as long as the MKT is above the 8895 Inflection Pivot its just an opportunity to get back on the positive momentum.

On the SELL side avoid FADE strategies until after the previous session low point or major support level has been broken to confirm a negative shift in momentum. REVERSAL strategies should be avoided as any positive signal is more likely an indication that the underlying trend is going to resume. SELL BREAKOUT strategies can be profitable but they are aggressive and should look to take profits and potentially REVERSE long at support targets. The trade is counter trend so avoid any negative commitments.

On the BUY side accept BREAKOUT, FADE and REVERSAL strategies off major inflection points with the expectation that the positive momentum is going to resume. REVERSAL strategies are recommended over a FADE strategies, which should have at least 1 if not 2 challenges to the support integrity before executing a long off it. BREAKOUT strategies can risk a little more if current events and other MKTs of confluence confirm a positive posture. If not a better approach would be to FADE a negative "squeeze" reaction after a positive breakout signal as the neutral technical position can keep the trend sideways.

Note: The MKT has produced a big technical signal against the current trend. Be aware that the negative action may be a 1-day event with the positive trend quickly re-establishing itself. If the MKT is really going to turn it should remain hard pressed and provide little or no relief.

JS

* ENTRY STRATEGY - 5min web video explaining FADE, BREAKOUT and REVERSAL strategies http://www.jsservices.com/education/sbt/CME_EntryStrategies5min.wmv .

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CRUDE OIL Futures - CORRECTIVE

2010-07-27T19:41:00.000-05:00

Technically the MKT is in a NEUTRAL CORRECTIVE state producing a big negative signal against a positive trend. Opportunity exists on both sides of the MKT, however the contract will remain vulnerable to further losses with all trading below the 78.26 Inflection Pivot.

On the SELL side avoid FADE strategies against 78.26 and 77.49 until after the previous session low point or major support level has been broken to confirm a negative shift in momentum. REVERSAL strategies should be avoided as any positive signal is more likely an indication that the underlying trend is going to resume. SELL BREAKOUT strategies below 76.72 can be profitable but they are aggressive and should look to take profits and potentially REVERSE long at support targets. The trade is counter trend so avoid any negative commitments.

On the BUY side accept BREAKOUT, FADE and REVERSAL strategies off major inflection points with the expectation that the positive momentum is going to resume. REVERSAL strategies are recommended over a FADE strategies off the 76.72 support pivot, which should have at least 1 if not 2 challenges to the support integrity before executing a long off it. BREAKOUT strategies above 78.26 can risk a little more if current events and other MKTs of confluence confirm a positive posture. If not a better approach would be to FADE a negative "squeeze" reaction after a positive breakout signal as the neutral technical position can keep the trend sideways.

Note: The MKT has produced a big technical signal against the current trend. Be aware that the negative action may be a 1-day event with the positive trend quickly re-establishing itself. If the MKT is really going to turn it should remain hard pressed and provide little or no relief.

JS

* ENTRY STRATEGY - 5min web video explaining FADE, BREAKOUT and REVERSAL strategies http://www.jsservices.com/education/sbt/CME_EntryStrategies5min.wmv .

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CORN Futures - VULNERABLE

2010-07-26T22:55:00.000-05:00

Technically the MKT is in a BEAR TREND ACCELERATION position and is vulnerable to the offer. Any positive corrective action below the 388-0 Inflection Pivot is expected to be short lived with only one upside "stop squeeze" if the negative moemtnum is going to play out. Any held strength and repeated probe higher is a sign that the trade will turn digestive. This does not take away from the negative bias but does limit the profit potential for any new sales in the session.

On the SELL side accept FADE, REVERSAL and BREAKOUT strategies. BREAKOUT strategies below 374-4 should just "go", so do not risk much. FADE strategies are recommended over REVERSAL at 388-0 strategies as the MKT is expected to hold lower structure and any momentum shift should be considered a potential positive corrective turn. REVERSAL strategies can be used at the 383-4 resisrance pivot as well as FADEs.

On the BUY side avoid REVERSAL strategies off major support levels as these signals are more likely short squeeze rallies and opportunities to SELL into and FADE. BREAKOUT strategies above 388-0 long shot, so risk less and go for more. Any BUY FADE off the 374-4 support pivot should have confirmation and are not recommended if the integrity of the previous session high is intact. After a break in the negative structure confirmed support levels can be used for short term reactions using aggressive position management.

Note: The MKT is in an aggressive sell posture. If the previous session high is intact its just a matter of time before the sellers try to overwhelm the MKT. Look for excuses to get short. If the previous session high is breached opportunity will be on both sides of the MKT, however the bias still rests with the Bears.
JS

* ENTRY STRATEGY - 5min web video explaining FADE, BREAKOUT and REVERSAL strategies http://www.jsservices.com/education/sbt/CME_EntryStrategies5min.wmv .

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GBPUSD FOREX - POSITIVE SIGNAL NEEDS CONFIRMATION

2010-07-22T22:32:00.000-05:00

Technically the MKT is in NEUTRAL TRANSITION and difficult trading conditions are expected. The MKT has produced an strong positive signal which should keep the MKT firm today if the signal is valid. If the integrity of the prior session's high remains intact a return to a sideways trend less trade is likely. Roll with any new strength and leverage up if good risk parameters present themselves. The potential to get in at the beginning of a new move higher is real.

Key off the 15245 Inflection Pivot today for a clue to the session tone. Above here the positive signal is in play. Below here and a soft sideways trade is the expectation.

On the SELL side REVERSAL strategies can be executed off 15322 or near the previous session high point. Avoid this strategy on higher levels as any new strength has the potential to be the beginning of a move. If the integrity of the previous session high remains intact FADE strategies can be accepted at or near this inflection point on the initial test with tight profit target objectives. If the MKT has already had a reaction off this resistance area avoid this strategy. Use BREAKOUT strategies under 15206 as a signal to FADE a positive pull-back against 15245 after a confirm break in the positive momentum. Only take this trade if the previous session high point remains intact.

On the BUY side be more aggressive after the previous session high is taken out. Not that this is a pre-condition but should be noted as a confirmation of strength. BREAKOUT strategies above 15322 should just "go" so keep risk parameters tight. FADE into any negative reaction off an unsuccessful upside BREAKOUT after a support level is confirmed. Use a REVERSAL strategy to leverage up after the MKT gets back above the original breakout point. If the integrity of the previous session high remains intact, avoid REVERSAL strategies as expectations are that the "positive" signal is going to follow through it should do so straight away and any break momentum is a negative signal that the MKT is going to return to its neutral posture. FADE strategies are recommended off the 15206 support pivot early in the session or near the end. The positive signal will either play out from the get go or will make its move in the latter stages of the trading session.

Note: This is a dangerous emotional trading environment. MKT reactions to go a little further that you expect in either direction so anticipate this in your position and risk management.

JS

* ENTRY STRATEGY - 5min web video explaining FADE, BREAKOUT and REVERSAL strategies http://www.jsservices.com/education/sbt/CME_EntryStrategies5min.wmv .

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NASDAQ 100 INDEX Futures - LOOKING FOR LOVE

2010-07-20T22:29:00.001-05:00

Technically the MKT is in a NEUTRAL TRANSITION with the potential for a positive turn. Opportunity exists on both sides however there is a better chance of acceleration to the upside if the integrity of the previous session low remains intact.

Key off the the 1818 Inflection Pivot for an indication of the session bias. A held trade above here keeps the positive opportunity in play.

On the SELL side avoid FADE strategies until after the previous session low point or major support has been broken to confirm a shift in momentum. Until then a better opportunity will be a REVERSAL strategy at the 1864.50 resistance pivot. This is a one shot trade using a low risk big profit target criteria. The idea is that the transition trade is over and a negative shift back into a NEUTRAL DIGESTION is expected. SELL BREAKOUT strategies below 1818 can be profitable but they are aggressive and should use the same aggressive position management as a REVERSAL. Risk less go for more.

On the BUY side accept BREAKOUT, FADE and REVERSAL strategies with the expectation that the current negative to positive transition will continue. Keep aggressive position management on BREAKOUT strategies off 1841.25 and 1864.50 as the MKT is still in the neutral zone and has yet to commit to a new trend. A more conservative strategy would be to wait for negative reactions after a positive signal to FADE at 1841.25 or 1818. The trade should be fluid with the MKT immediately taking back lost ground after any downside squeeze.

Note: The MKT is trying to shift from a negative to a positive trend position. False starts and stops should be expected and position management adjustment anticipated, as quick momentum turns are the norm in this technical environment.

JS

* ENTRY STRATEGY - 5min web video explaining FADE, BREAKOUT and REVERSAL strategies http://www.jsservices.com/education/sbt/CME_EntryStrategies5min.wmv .

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DEC'10 CORN Futures- CORRECTIVE

2010-07-19T22:23:00.000-05:00

Technically the MKT is in a NEUTRAL CORRECTIVE state producing a negative signal against a positive trend. Opportunity exists on both sides of the MKT.

Key off the 395-4 Inflection Pivot for an indication of the session tone. A held trade above here keeps the MKT's legs under it and the underlying positive momentum intact. A held failure here and sentiment turns sour with further corrective action expected. A break under 390-2 confirms this outlook.
On the SELL side avoid FADE strategies against 400-6 until after the previous session low point or major support level has been broken to confirm a negative shift in momentum. Until then a better opportunity will be a REVERSAL strategy but only off the 1st major resistance level. This is a one shot trade using a low risk big profit target criteria. The idea is that if the MKT is going to follow through on its negative signal any strength is just a "head fake " before it follows through. SELL BREAKOUT strategies below 390-2 can be profitable but they are aggressive and should look to take profits and potentially REVERSE long at support targets. The trade is corrective and the underlying positive tone must be respected.

On the BUY side accept BREAKOUT, FADE and REVERSAL strategies off major inflection points with the expectation that the positive momentum is going to resume. REVERSAL strategies are recommended over a FADE strategies off the 390-2 support pivot, which should have at least 1 if not 2 challenges to the support integrity before executing a long off it. BREAKOUT strategies above 400-6 can risk a little more if current events and other MKTs of confluence confirm a positive posture with the expectation that the Bull Trend is going to resume. If not a better approach would be to FADE a negative "squeeze" reaction off the 395-4 Inflection Pivot after a positive breakout signal as the neutral technical position can keep the trend sideways.

Note: The MKT is in a corrective position with the potential to move in either direction. Keep your opinions to themselves and focus on what the MKT is telling you it wants to do. Don't fight it, roll with it.

JS

* ENTRY STRATEGY - 5min web video explaining FADE, BREAKOUT and REVERSAL strategies http://www.jsservices.com/education/sbt/CME_EntryStrategies5min.wmv .

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EUREX - BUND Futures - PROVE IT

2010-07-18T20:39:00.000-05:00

Key off the 12955 Inflection Pivot for the confirmation or denial of this forecast. Above here the positive momentum stays in command targeting 12986 and 13036. A rejection and the MKT will be back down at 12892 in no time, if not worse.

On the SELL side avoid FADE strategies and use a REVERSAL instead at 12955. The MKT is excited but has yet to confirm any new advance. Expectations are that any false positive breakout signal will be met with a sharp negative reaction. BREAKOUT strategies below 12892 are a lower probability but are valid and in line with a reversal scenario. If the MKT has already produced a false positive signal and is holding negative reversal structure, this strategy has potential. Expectations are that any negative BREAKOUT should just go and with the MKT staying under pressure into the close and expanding the digestive range. Anticipate a positive turn and consider reversing off lower support structure.

On the BUY side accept FADE, BREAKOUT and REVERSAL strategies. BREAKOUT strategies above 12955 have the potential to run. If so, they will just "go" and not look back. Any stop and go action and any profits should be realized as it is more likely the MKT will be setting up a re-test of support to FADE off 12923 before it can extend higher. FADE and REVERSAL strategies should work off the 12892 support pivot and only provide one opportunity. Repeated tests or base building and it is more likely the MKT is going to search for its lower digestive extreme rather than resume a positive course.

Note: The MKT has produced a positive signal but is not confirmed. Be ready for it but if it does not materialize, beware of a negative reaction. Don't get caught fading a break that continues to hold structure as the MKT may be defining its lower digestive extreme and will most likely find it after it hits your last sell stop.

* ENTRY STRATEGY - 5min web video explaining FADE, BREAKOUT and REVERSAL strategies http://www.jsservices.com/education/sbt/CME_EntryStrategies5min.wmv .

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GBPUSD Forex - NEEDS A SPARK

2010-07-14T22:44:00.000-05:00

Technically the MKT is in a BULL TREND posture and has just produced a major technical signal in the direction of the trend. If the integrity of the 15057 Inflection Pivot remains intact, look for excuses to get long. This is the low point for any pull-back today and the base for the underlying positive momentum.

On the SELL side BREAKOUT strategies below the 15144 and 15057 support levels are a low probability but valid. Risk little and go for a lot. If the MKT is going to turn sour, it should be quick and relentless. Avoid FADE strategies against the 15318 resistance as the MKT has just produced a major buy signal and fresh gains are expected. REVERSAL strategies as well are not recommended, as any resistance level violation that cannot be held is more likely a squeeze for the longs, which can quickly turn positive.

On the BUY side BREAKOUT, FADE and REVERSAL are recommended as the MKT is aggressively bid and all buy signals are valid opportunity. If stopped out at or near the low tic of a reaction and the MKT is not following through to the downside, leverage up using the squeeze low as a stop, expecting a quick reaction back above your original entry. De-leverage unless you have confluence with other indicators or like MKTs. Best opportunities to get long will be off the 15144 and 15057 support.

Note: The MKT has produced a big positive technical signal and should immediately go higher, after at most, one pullback. A laborious trade and the MKT may wait till the end of the session to make its move.

JS

* ENTRY STRATEGY - 5min web video explaining FADE, BREAKOUT and REVERSAL strategies http://www.jsservices.com/education/sbt/CME_EntryStrategies5min.wmv .
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USDJPY Forex - SMOKE AND MIRRORS

2010-07-13T21:32:00.000-05:00

Technically the MKT is in a BEAR TREND CORRECTION but remains vulnerable to downside with all trading below 8948. Positive corrective action can disappear quickly so avoid leveraging up on any rally as the negative momentum will try to re-establish itself.

Key off the 8838 Inflection Pivot. This is the base keeping the positive corrective trade alive. A failure here is needed to put the currency back on the ropes.

On the SELL side accept FADE, REVERSAL and BREAKOUT strategies. BREAKOUT strategies below 8838 should just "go" with expectations that the negative momentum is going to resume course. These opportunities should be executed as a "one-shot" deal to avoid getting "chopped" up in a digestive trade. A more conservative entry would be to wait for a positive reaction after a negative breakout signal to FADE against 8893. FADE strategies at 8948 and 8999 should wait for confirmation as the MKT is correcting and has the potential to be "stop and go" as it probes higher. Keep profit targets tight. A better strategy is a REVERSAL, as a violation of a major inflection point that cannot be held is a negative turning point signal with the potential to be the resumption of the negative trend. Profit targets on these strategies should be greater.

On the BUY side BREAKOUT strategies above 8948 although aggressive can be profitable as long as the corrective rise maintains structure. Once broken any trading from the long side is questionable and it may be time to roll the other direction. Use basic trend following indicators to aid in position management of these trades. REVERSAL strategies off 8838 or near the previous session or move low will work best with the expectations that the MKT is going to shift into a more neutral digestive state. Keep profit targets and position management tight on these strategies.

Note: The MKT is correcting an aggressive negative trend and more likely to resume that trend than not. This being said the worst case scenario for sellers expecting the trend to resume is a low volatility "one-way" trade higher. Don't be stubborn FADING higher corrective move highs. After 2 or more losing sales take a break and wait for potential opportunity in the later part of the session. JS

* ENTRY STRATEGY - 5min web video explaining FADE, BREAKOUT and REVERSAL strategies http://www.jsservices.com/education/sbt/CME_EntryStrategies5min.wmv .

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Canadian Dollar Futures - TRUTH OR DARE

2010-07-13T00:09:00.000-05:00

Technically the MKT is in a NEUTRAL DIGESTIVE position with a negative bias. Opportunity exists on both sides of the MKT but the threat of a negative turn is real.

Key off the 9606 Inflection Pivot for an indication of the session tone. If the MKT is bad it will struggle to maintain a trade above here. If so a difficult sideways trade is expected with 9692 the expected digestive high point.

On the SELL side accept FADE, BREAKOUT and REVERSAL strategies off major inflection points. SELL BREAKOUT strategies below 9606 should just "go" and not look back, so keep risk parameters tight. FADE strategies after a negative breakdown signal are good opportunities as well against 9649 but expectation should be for the MKT to quickly move back under the failed support. If the trade just "hangs around" is more likely a signal that more digestive action is coming and a retest of resistance should be expected. Be more aggressive with FADE and REVERSAL strategies at 9692 or against the previous session high point targeting the opposing digestive support. Above the previous session high point entering after the 2nd or 3rd press into an area is recommended over stepping in front of the initial challenge.

On the BUY side BREAKOUT strategies above 9692 are aggressive and should be entered sooner [lower] than later [higher]. Expectations should be for the MKT to make its move early in the session and not look back, holding strucutre most of the day. If the MKT digests prior to making a positive move it is more likely a short squeeze to FADE. BUY FADE strategies off 9606 are aggressive and if they are going to work should do so on the initial test of support. Repeated tests or "confirmation" are more likely to give way to a lower trade. BUY REVERSAL strategies at 9606 are recommended off the session initial major support only, as the MKT is vulnerable to a negative trend shift. The probability is to the downside today so don't get stubborn buying breaks.

Note: The MKT is in neutral so "sloppy" conditions with "false signals" should be anticipated. Have a plan for any squeeze. Don't get stubborn however if the MKT starts to hold structure and gets into trend mode as the contract may just be expanding its digestive parameters producing a one way trade into the close and new extreme.

JS

* ENTRY STRATEGY - 5min web video explaining FADE, BREAKOUT and REVERSAL strategies http://www.jsservices.com/education/sbt/CME_EntryStrategies5min.wmv .

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SP500 INDEX Futures - EXTENDED

2010-07-11T11:56:00.000-05:00

Technically the MKT has produced a major positive signal into the upper extreme and will need to hold structure if it is going to avoid a drop back into a digestive trade.

Key off the 1054 Inflection Pivot as the low point for the underlying positive structure. If the bias is going to remain firm and pull-back will bottom out above here. A held breach of 1079.50 shifts the Index back into a positive position for a new leg north.

On the SELL side FADE signals are valid but REVERSAL strategies are a better option at the 1079.50 resistance pivot. Have resting limit orders off support inflections and use aggressive position management to lock in any unrealized gains on any REVERSAL trade. 1071 and 1062.50 BREAKOUT strategies are aggressive but do have the potential to profit from a quick negative move out of the extreme targeting the 1054 support. Use tight position management for these strategies as any unrealized profits can be erased quickly by the underlying positive momentum.

On the BUY side accept FADE at 1062.50 and 1054 signals after confirmation. The MKT is extended and may search for stops before it resumes its Bull move. REVERSAL strategies are a better option. The sharper the break, the better for an entry with the expectations that the MKT is going to revisit the recent move high. BUY DIR and BREAKOUT strategies above 1079.50may need to be "worked" as the MKT is extended and has the potential to produce some starts and stops.

JS

* ENTRY STRATEGY - 5min web video explaining FADE, BREAKOUT and REVERSAL strategies http://www.jsservices.com/education/sbt/CME_EntryStrategies5min.wmv .

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DOW FUTURES - TRYING TO TURN THE CORNER

2010-07-08T23:00:00.000-05:00

Technically the MKT is in a NEUTRAL CORRECTIVE state producing a big positive signal against a negative trend. Opportunity exists on both sides of the MKT.

Key off the 9952 Inflection Pivot today. This is the base supporting the MKTs new found strength. Above here the corrective trade continues. Below here and the fear factor returns.

On the SELL side accept BREAKOUT, FADE and REVERSAL strategies off major inflection points with the expectation that the negative momentum is going to resume. REVERSAL strategies are recommended over a FADE strategies off the 10144 resistance, which should have at least 1 if not 2 challenges to the integrity of the resistance before executing a sale against it. BREAKOUT strategies below 10028 and 9952 can risk a little more if current events and other MKTs of confluence confirm a negative posture. If not a better approach would be to FADE a positive "squeeze" reaction after a negative breakdown signal against 10067 as the neutral technical position can keep the trend sideways.

On the BUY side avoid FADE strategies off the 10028 and 9952 support levels until after the previous session high point or major resistance level has been taken out to confirm a positive shift in momentum. REVERSAL strategies should be avoided as any negative signal is more likely an indication that the underlying trend is going to resume. BUY BREAKOUT strategies above 10144 can be profitable but they are aggressive and should look to take profits and potentially REVERSE short at resistance targets. The trade is counter trend so avoid any positive commitments.

Note: The MKT has produced a big technical signal against the current trend. Be aware that the positive action may be a 1-day event with the negative trend quickly re-establishing itself. If the MKT is really going to turn it should remain firm and not look back.

JS

* ENTRY STRATEGY - 5min web video explaining FADE, BREAKOUT and REVERSAL strategies http://www.jsservices.com/education/sbt/CME_EntryStrategies5min.wmv .

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U.S. 30YR Treasury Bond Futures - TIME TO PLAY A CARD

2010-07-07T22:46:00.001-05:00

Technically the MKT is in NEUTRAL TRANSITION and difficult trading conditions are expected. The MKT has produced a negative signal which should follow through today if the signal is valid with confirmation a break under the 126-19 Inflection Pivot. If the integrity of the 126-19 Inflection Pivot remains intact a return to a sideways trend less trade is likely. Roll with any new weakness below here and leverage up if good risk parameters present themselves. The potential to get in at the beginning of a new move lower is real.

On the SELL side be more aggressive after the 126-19 level is taken out. Not that this is a precondition but should be noted as a confirmation of weakness. BREAKOUT strategies below should just "go" so keep risk parameters tight. FADE into any positive reaction off an unsuccessful downside BREAKOUT against the 127-14 level. Use a REVERSAL strategy to leverage up back under the original failure point. If the integrity of the 126-19 level hold, avoid REVERSAL strategies at the 128-09 resistance level as any break in the negative momentum is a positive signal that the MKT is going to return to its neutral posture. FADE strategies against here are recommended early in the session or near the end. The negative signal will either play out from the get go or will weigh on the MKT in the latter stages of the trading session.

On the BUY side REVERSAL strategies can be executed off of 126-19. Avoid this strategy on lower levels as any new weakness has the potential to be the beginning of a move. FADE strategies can be accepted at or near this inflection point on the initial test with tight profit target objectives. If the MKT has already had a reaction off this support area avoid this strategy. Use BREAKOUT strategies above 128-09 as a signal to FADE a negative pull-back off 127-14 after a confirm break in the negative momentum. Only take this trade if the 126-19 support remains intact. Otherwise this will be a SELL REVERSAL opportunity.

Note: Transitional trading conditions are difficult and can be full of false stops and starts. Be ready for a move but be prepared to work for it.

JS

* ENTRY STRATEGY - 5min web video explaining FADE, BREAKOUT and REVERSAL strategies http://www.jsservices.com/education/sbt/CME_EntryStrategies5min.wmv .

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GOLD Futures - LOST LUSTER

2010-07-06T23:19:00.000-05:00

Technically the MKT is in NEUTRAL TRANSITION and difficult trading conditions are expected. The MKT has produced a negative signal which should follow through today if the signal is valid. If the integrity of the prior session's low remains intact a return to a sideways trend less trade is likely. Roll with any new weakness and leverage up if good risk parameters present themselves. The potential to get in at the beginning of a new move lower is real.

Key off the 1212.6 Inflection Pivot. This is the high point for any positive squeeze if the negative signal is going to follow through.

On the SELL side be more aggressive after the previous session low is taken out. Not that this is a pre-condition but should be noted as a confirmation of weakness. BREAKOUT strategies below 1183.5 should just "go" so keep risk parameters tight. FADE into any positive reaction off an unsuccessful downside BREAKOUT against 1193.2. Use a REVERSAL strategy to leverage up back under the original failure point under 1183.5. If the integrity of the previous session low remains intact, avoid REVERSAL strategies against 1212.6 as any break in the negative momentum is a positive signal that the MKT is going to return to its neutral posture. FADE strategies at 1202.9 and 1212.6 are recommended early in the session or near the end. The negative signal will either play out from the get go or will weigh on the MKT in the latter stages of the trading session.

On the BUY side REVERSAL strategies can be executed off 1183.5 or near the previous session low point. Avoid this strategy on lower levels as any new weakness has the potential to be the beginning of a move. If the integrity of the previous session low remains intact FADE strategies can be accepted at or near this inflection point on the initial test with tight profit target objectives. If the MKT has already had a reaction off this support area avoid this strategy. Use BREAKOUT strategies above 1212.6 as a signal to FADE a negative pull-back at 1193.2 after a confirm break in the negative momentum. Only take this trade if the previous session low point remains intact. Otherwise this will be a SELL REVERSAL opportunity.

Note: Transitional trading conditions are difficult and can be full of false stops and starts. Be ready for a move but be prepared to work for it.

JS

* ENTRY STRATEGY - 5min webvideo explaining FADE, BREAKOUT and REVERSAL strategies http://www.jsservices.com/education/sbt/CME_EntryStrategies5min.wmv .

To learn more about JS Services Strategy Based Trading approach please contact me at info@jsservices.com. You can also visit http://www.jsservices.com/ and sign up for a Complimentary FREE Trial.

EURUSD FOREX - TRYING TO MAKE A DIFFERENCE

2010-07-03T18:38:00.000-05:00

Key off the 12483 Inflection Pivot for an indication of the markets tone. As long as the currency is above this price point the bias is positive. A failure here and the digestive nature of the technical state will take over.
On the SELL side avoid FADE strategies and use a REVERSAL instead against the 12610 resistance pivot. The MKT is excited but has yet to confirm any new advance. Expectations are that any false positive breakout signal will be met with a sharp negative reaction. BREAKOUT strategies below 12483 are a lower probability but are valid and in line with a reversal scenario. If the MKT has already produced a false positive signal and is holding negative reversal structure, this strategy has potential. Expectations are that any negative BREAKOUT should just go and with the MKT staying under pressure into the close and expanding the digestive range. Anticipate a positive turn and consider reversing off lower support structure.

On the BUY side accept FADE, BREAKOUT and REVERSAL strategies. BREAKOUT strategies above the 12610 resistance have the potential to run. If so, they will just "go" and not look back. Any stop and go action and any profits should be realized as it is more likely the MKT will be setting up a re-test of support to FADE before it can extend higher. FADE and REVERSAL strategies should work off 12483 and only provide one opportunity. Repeated tests or base building and it is more likely the MKT is going to search for its lower digestive extreme rather than resume a positive course.

Note: The MKT has produced a positive signal but is not confirmed. Be ready for it but if it does not materialize, beware of a negative reaction. Don't get caught fading a break that continues to hold structure as the MKT may be defining its lower digestive extreme and will most likely find it after it hits your last sell stop.

* ENTRY STRATEGY - 5min webvideo explaining FADE, BREAKOUT and REVERSAL strategies http://www.jsservices.com/education/sbt/CME_EntryStrategies5min.wmv .

To learn more about JS Services Strategy Based Trading approach please contact me at info@jsservices.com. You can also visit http://www.jsservices.com/ and sign up for a Complimentary FREE Trial.

GOLD Futures - LOSING LUSTER

2010-07-01T23:45:00.000-05:00

The 1229.3 Inflection Pivot is the high point for any pull back if the negative momentum is going to resume. A break under the 1195.4 support confirms fresh losses.

On the SELL side accept FADE, REVERSAL and BREAKOUT strategies below the previous sessions high point. BREAKOUT below the 1206.7 and 1195.4 support pivot may need to be "worked" as the MKT is on edge and will be emotional, producing some starts and stops before it drops. FADE strategies against 1218 and 1229.3 are recommended over REVERSAL strategies as the MKT is expected to hold lower structure and any momentum shift should be considered a potential positive corrective turn.

On the BUY side avoid REVERSAL strategies off 1195.4 and 1184.1 support as these signals are more likely short squeeze rallies and opportunities to SELL into and FADE. BREAKOUT strategies above the 1206.7 and 1229.3 are a long shot, so risk less and go for more. Any BUY FADE off 1195.4 should have confirmation and are not recommended if the integrity of the previous session high is intact. After a break in the negative structure confirmed support levels can be used for short term reactions using aggressive position management.

Note: The MKT is on edge and is vulnerable to a big drop. If the previous session high is intact its just a matter of time before the sellers try to overwhelm the MKT. Look for excuses to get short. If the previous session high is breached opportunity will be on both sides of the MKT, however the bias still rests with the Bears.

JS

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SP 500 Index Futures - Cooler Heads Prevail

2010-06-30T23:47:00.000-05:00

Technically the MKT is pressing the EXTREME of a BEAR TREND move and may need a sideways session or two before it can extend lower. Don't risk too much hoping for it however as the momentum is down and sellers have probability on there side.

1043.50 is the Inflection Pivot keeping the Index in an aggressive sell posture. As long as the MKT is below here it is vulnerable to further losses. Key off the 1012 support pivot as this is the breaking point for a new move south. A failure here should pull the rug on the contract, if not a sharp positive reaction should be expected.

On the SELL side downside BREAKOUT strategies are valid below 1012 but will struggle sustaining new move lows at this time. Get in to these trades sooner (higher) than later (lower) as new weakness is expected to be stop and go. A more conservative strategy is to FADE a positive reaction after a negative breakdown signal against 1027.75 and even better to wait for a REVERSAL off this corrective rise rather than stepping in front of int. FADE and REVERSAL are recommended at 1043.50 especially after a sharp corrective rise. The MKT is negative but is also extended and the probability of a corrective rise is high.. Wait for an exhaustive signals or confirmation to jump on.

On the BUY side BREAKOUT strategies above 1043.50 should have aggressive trail stops and tighter profit targets. There is a good chance for a corrective turn but profit targets and position management should be tight as this is more likely a rally to sell. If you get on, ride it until structure is broken and then look to go the other way. BUY REVERSAL strategies off 1012 and in the 975.25-962.50 area will provide opportunity off of lower support inflections but will work best after a sharp trade lower through major support. Expectations are for no follow through not a reversal of sentimnet. Keep risk management and profit targets tight to reduce giveback as the underlying technical foundation today is negative. Avoid FADE BUYS as the negative trend remains enforce with sell FADE opportunities the better place to step out.

Note: Just because the MKT is extended does not mean it cannot get more extended. Wait for a signal don't force one.

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CRUDE OIL Futures - VULNERABLE

2010-06-29T23:04:00.001-05:00

Technically the MKT is in a BEAR TREND ACCELERATION technical state and flirting with the lower extreme. The MKT has produced a big negative signal and any positive corrective action is expected to be short lived with only one upside "stop sweep" if the negative momentum is going to play out. Any held strength and repeated probe higher is a sign that the trade will turn digestive. This does not take away from the negative bias but does limit the profit potential for any new sales in the session.

Key off the 77.37 Inflection Pivot. This is the high point for any positive squeeze. Notable resistance at 76.50 has the potential as well to put a cap on any buying.

On the SELL side accept FADE, REVERSAL and BREAKOUT strategies below the 77.37 Inflection Pivot. BREAKOUT below 74.76 may need to be "worked" as the MKT is on edge and will be emotional, producing some starts and stops before it drops. FADE strategies are recommended over REVERSAL strategies as the MKT is expected to hold lower structure and any momentum shift should be considered a potential positive corrective turn.

On the BUY side avoid REVERSAL strategies off major support levels as these signals are more likely short squeeze rallies and opportunities to SELL into and FADE. BREAKOUT strategies above the 76.50 and 77.37 are a long shot, so risk less and go for more. Any BUY FADE off the 74.76 or 73.02 support levels should have confirmation and are not recommended if the integrity of the previous session high is intact. After a break in the negative structure confirmed support levels can be used for short term reactions using aggressive position management.

Note: The MKT is on edge and is vulnerable to a big drop. If the previous session high is intact its just a matter of time before the sellers try to overwhelm the MKT. Look for excuses to get short. If the previous session high is breached opportunity will be on both sides of the MKT, however the bias still rests with the Bears.

To learn more about JS Services Strategy Based Trading approach please contact me at info@jsservices.com. You can also visit http://www.jsservices.com/ and sign up for a Complimentary FREE Trial.

Eurex BUND Futures - MIXED SIGNALS

2010-06-22T20:08:00.004-05:00

The MKT has produced a big positive signal and is flirting with a resumption of the BULL TREND, however it currently remains vulnerable to further corrective action with all trading below the 12872 Inflection Pivot. This is the hurdle the market must overcome to confirm yesterday's positive signal.

On the SELL side accept FADE strategies on the initial test against 12872 or at the previous session high only. Repeated tests are expected to give way to higher prices as above the previous session high the corrective structure will be broken confirming the positive signal. Avoid REVERSAL strategies as any violations of resistance are positive. SELL BREAKOUT strategies below 12823 and 12776 are valid but aggressive. The MKT has produced a positive signal so if it does not follow through a negative turn could have some potential. Either way have a defined exit strategy as any negative action will be counter trend.

On the BUY side accept REVERSAL signals off all major inflection levels expecting the underlying positive tone to resume course. FADE strategies off 12776 should work on the initial test. The MKT has generated a positive signal and if it is going to follow through it should just go. Work any BUY BREAKOUT strategies above 12872 as any positive shift in momentum has the potential to be the start of the next leg higher.

Note: the MKT has produced a major technical buy signal and is poised for a resumption of the BULL TREND. Look for excuses to get long above 12872 and be weary of a difficult trade below this price point..

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SP500 Futures - CORRECTIVE

2010-06-21T21:01:00.003-05:00

The MKT has produced a positive signal and is flirting with a resumption of the BULL TREND.

Key off the 1120 Inflection Pivot for an indication of the session tone. Below here the Index will continue to search for a corrective low point with 1088.50 the expected bottom or any further corrective action. A rise above 1120 and the underlying positive momentum with be back in launch mode.

On the SELL side accept FADE strategies against 1120 on the initial test of major resistance below or at the previous session high only. Repeated tests are expected to give way to higher prices as above the previous session high the corrective structure will be broken confirming the positive signal. Avoid REVERSAL strategies as any violations of resistance are positive. SELL BREAKOUT strategies below the 1103.75 support pivot are valid but aggressive. The MKT has produced a positive signal so if it does not follow through a negative turn could have some potential down to 1096 and 1088.50. Either way have a defined exit strategy as any negative action will be counter trend.

On the BUY side accept REVERSAL signals off all major inflection levels atr 1103.75, 1096 and 1088.50 expecting the underlying positive tone to resume course. FADE strategies should work on the initial test. The MKT has generated a positive signal and if it is going to follow through it should just go. Work any BUY BREAKOUT strategies above 1120 as any positive shift in momentum has the potential to be the start of the next leg higher.

Note: the MKT has produced a technical buy signal but remains in a corrective trade. Look for excuses to get long on qualified signals but respect the corrective posture.

SP500 Futures - SENTIMENT SHIFT

2010-06-20T23:28:00.002-05:00

The SP500 is set for a drama day as it is currently flirting with a sentiment shift. A held trade above 1122.75 points to a higher trade targeting 1147.50 on any momentum breakout. Don't fight any positive structure as a railroad advance up to 1174 will be in play.

A trade under 1122.75 puts the MKT back in a digestive posture down to 1113.50 and 1104.25 Inflection Pivot. Either price point has the potential to be the low for the expected consolidation, with a close above 1113.50 needed to keep the underlying positive shift intact. Only below 1104.25 is a negative turn anticipated down to 1084.25. No follow through is expected, however 1041.25 is the current lower extreme.

JS

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Dec'10 CORN Futures - TIME TO PLAY A CARD

2010-06-17T20:24:00.004-05:00

Key off the 371-2 Inflection Pivot as a trigger pointto confirm the sell signal. A held trade above this price puts the signal in question.

On the SELL side be more aggressive after the 371-2 level is taken out. Not that this is a pre-condition but should be noted as a confirmation of weakness. BREAKOUT strategies below 371-2 should just "go" so keep risk parameters tight. FADE into any positive reaction off an unsuccessful downside BREAKOUT after a resistance level is confirmed. Use a REVERSAL strategy to leverage up back under the original failure point. If the integrity of the previous session low remains intact, avoid REVERSAL strategies as expectations are that the "negative" signal is going to follow through it should do so straight away and any break in the negative momentum is a positive signal that the MKT is going to return to its neutral posture. FADE strategies are recommended early in the session or near the end. The negative signal will either play out from the get go or will weigh on the MKT in the latter stages of the trading session.

On the BUY side REVERSAL strategies can be executed off of major support levels at or near the previous session low point or at 371-2. Avoid this strategy on lower levels as any new weakness has the potential to be the beginning of a move. If the integrity of the previous session low remains intact FADE strategies can be accepted at or near this inflection point on the initial test with tight profit target objectives. If the MKT has already had a reaction off this support area avoid this strategy. Use BREAKOUT strategies above 382-2 as a signal to FADE a negative pull-back after a confirm break in the negative momentum at 376-6. Only take this trade if the previous session low point remains intact. Otherwise this will be a SELL REVERSAL opportunity.

Note: This is a dangerous emotional trading environment. You should expect the MKT reactions to go a little further that you expect in either direction so anticipate this in your position and risk management.

NASDAQ 100 Index Futures: FUN AND GAMES

2010-06-16T19:33:00.003-05:00

Technically the MKT is in a NEUTRAL CORRECTIVE state producing a negative signal against a positive trend. Opportunity exists on both sides of the MKT however buying breaks above the 1880.50 Inflection Pivot is the best bet. 1880.25 is the low point for any weakness today if the underlying posiitve momentum is going to keep pace.

On the SELL side avoid FADE strategies until after the previous session low point or major support level has been broken to confirm a negative shift in momentum. Until then a better opportunity will be a REVERSAL strategy but only off the 1st major resistance level at 1913.50. This is a one shot trade using a low risk big profit target criteria. The idea is that if the MKT is going to follow through on its negative signal any stength is just a "head fake " before it follows through. SELL BREAKOUT strategies below 1880.50 can be profitable but they are aggressive and should look to take profits and potentially REVERSE long at support targets. The trade is corrective and the underlying positive tone must be respected.

On the BUY side accept BREAKOUT, FADE and REVERSAL strategies off major inflection points with the expectation that the positive momentum is going to resume. REVERSAL strategies are recommended over a FADE strategies off 1880.50, which should have at least 1 if not 2 challenges to the support integrity before executing a long off it. BREAKOUT strategies above 1913.50 can risk a little more if current events and other MKTs of confluence confirm a positive posture with the expectation that the Bull Trend is going to resume. If not a better approach would be to FADE a negative "squeeze" reaction after a positve breakout signal at 1897 as the neutral technical position can keep the trend sideways.

Note: The MKT is in a corrective position with the potential to move in either direction. Keep your opinions to themselves and focus on what the MKT is telling you it wants to do. Don't fight it, roll with it.

Eurex BUND Futures - VULNERABLE

2010-06-16T00:32:00.003-05:00

On the SELL side accept FADE, BREAKOUT and REVERSAL strategies off major inflection points. SELL BREAKOUT strategies below 12808 and 12767 should just "go" with the expectation of a clean breakout signal into a new trend. FADE strategies after a negative breakdown signal are good opportunities as well but expectation should be for the MKT to quickly move back under the failed support. If the trade becomes laborous it is more likely a signal that more digestive action is coming and a retest of resistance should be expected. Be more aggressive with FADE and REVERSAL strategies at 12849 targeting the opposing digestive support at 12767.

On the BUY side BREAKOUT strategies above 12849 are aggressive and should be entered sooner [lower] than later [higher]. Expectations should be for the MKT to make its move early in the session and not look back, holding strucutre most of the day. If the MKT digests prior to making a positive move it is more likely a short squeeze to FADE. BUY FADE strategies off the 12767 support are aggressive and if they are going to work should do so on the initial test of support. Repeated tests or "confirmation" are more likely to give way to a lower trade. BUY REVERSAL strategies are recommended off the session initial major support only, as the MKT is vulnerable to a negative trend shift. The probability is to the downside today so don't get stubborn buying breaks.

Note: The MKT has produced a negative signal and is flirting with a turn for the worse. If it does not follow through on any new weakness a positive "reversal" is a likely outcome with a retest of the digestive resistance.

BRITISH POUND Futures - Searching for Resistance

2010-06-14T23:32:00.003-05:00

Technically the MKT has produced a major positive signal into the upper extreme and will need to hold structure if it is going to avoid a drop back into a digestive trade.

Key off the 15035 Inflection Pivot as the potental exhaustive high point for any new interest today.

On the SELL side FADE signals are valid but REVERSAL strategies are a better option at 14916 and 15035. Have resting limit orders off support inflections and use aggressive position management to lock in any unrealized gains on any REVERSAL trade. BREAKOUT strategies at 14801 and 14686 are aggressive but do have the potential to profit from a quick negative move out of the extreme. Use tight position management for these strategies as any unrealized profits can be erased quickly by the underlying positive momentum.

On the BUY side accept FADE strategies off the 14686 support pivot after confirmation. The MKT is extended and may search for stops before it resumes its Bull move. REVERSAL strategies are a better option. The sharper the break, the better for an entry with the expectations that the MKT is going to revisit the recent move high. BUY BREAKOUT strategies above 14801 and 14916 may need to be "worked" as the MKT is extended and has the potential to produce some starts and stops, with 15035 the high point for any positive push. Only above here does the rally extend.

STRATEGY BASED TRADING TOOLS WEBINAR EVENT JUNE 22, 2010

2010-06-12T14:05:00.001-05:00

Webinar Event – Market Structure vs. Market Madness

SIGN UP: http://www.traderkingdom.com/eventsdemo/details/133

The problem with technical analysis is that it is too subjective and is easily curve fitted to a market opinion. Having an objective resource is paramount to keeping you grounded to what the market “is” doing not what you “think” it’s going to do or “should” be doing.

JS Services provides an indicator that objectively defines the technical and behavioral structure of the market.

By incorporating hard objective structure to dynamic trading decisions you can improve your strategy selection by aligning your expectations and strategy criteria to the current technical state. This will allow you to better anticipate opportunity and provide higher confidence in trade execution.

Join John Slazas for a fast paced webinar event introducing JS Services Strategy Based Trading Tools, which define the framework of the market’s current technical state and are available as a complimentary resource on the Trader Kingdom website. John will demonstrate how to use JS Services Outlook to breakdown the technical structure of the market and show specific strategies to capture opportunity including position and size management.

Topics to be addressed include:

* What is JS Services complimentary offering on the Trader Kingdom website

* What is JS Services Technical Outlook and how does it define the markets technical and behavioral structure.

* Demonstrate how an objective trading tool that defines market structure removes the subjectivity of trading and allows you to develop strategies that anticipate opportunity and are in line with the markets technical state

* Show how to create strategies using JS Services Price Map analysis that is available on the Trader Kingdom website.

* Live examples of the current trading session demonstrating the techniques discussed using JS Services Price Map Chart Overlay Ninja Trader application.

The Strategy Based Trading approach is applicable to most trading styles [high frequency, intraday, swing and position] working best in liquid Futures, FOREX, Interest Rate and ETF markets.

John Slazas has over 25 years experience in the Futures and Options markets in such areas as trading, technical analysis, system design, publication, trade execution and clearing. He is the Founder and Chief Executive Officer of JS Services Research and Trading, LLC. The company was formed in 1984 as a full-service technical research company to provide trading strategies and support to exchange members and institutional trading houses.

BUND Futures -CORRECTIVE

2010-06-10T22:25:00.003-05:00

On the SELL side avoid FADE strategies until after the previous session low point or major support level has been broken to confirm a negative shift in momentum. Until then a better opportunity will be a REVERSAL strategy but only off the 1st major resistance level at 12880. This is a one shot trade using a low risk big profit target criteria. The idea is that if the MKT is going to follow through on its negative signal any stength is just a "head fake " before it follows through. SELL BREAKOUT strategies below 12812 can be profitable but they are aggressive and should look to take profits and potentially REVERSE long at support targets. The trade is corrective and the underlying positive tone must be respected.

On the BUY side accept BREAKOUT, FADE and REVERSAL strategies off major inflection points with the expectation that the positive momentum is going to resume. REVERSAL strategies are recommended over a FADE strategies, which should have at least 1 if not 2 challenges to the support integrity before executing a long off 12812. BREAKOUT strategies above 12880 can risk a little more if current events and other MKTs of confluence confirm a positive posture with the expectation that the Bull Trend is going to resume. If not a better approach would be to FADE a negative "squeeze" reaction after a positve breakout signal at 12846 as the neutral technical position can keep the trend sideways.

EURUSD - POSITIVE TRANSITION

2010-06-10T10:26:00.004-05:00

Technically the MKT is in NEUTRAL TRANSITION and has produced a positive signal which should infleunce the MKT today if the signal is valid. If the integrity of the prior session's high remains intact it is less liekly to do so with the MKT returning to a sideways trade. Roll with any new strength and leverage up if good risk parameters present themselves. The potential to get in at the beginning of a new move higher is real.

The 12086 Inflection Pivot is the hurdle the MKT must hold above to confirm a sentiment shift.

On the SELL side REVERSAL strategies can be executed off of major resistance levels at or near the previous session high point. Avoid this strategy on higher levels as any new strength has the potential to be the beginning of a move. If the integrity of the previous session high remains intact FADE strategies can be accepted at or near this inflection point on the initial test with tight profit target objectives. If the MKT has already had a reaction off this resistance area avoid this strategy. Use a BREAKOUT strategy as a signal to FADE a positive pull-back after a confirm break in the momentum. Only take this trade if the previous session high point remains intact. Otherwise this will be a BUY REVERSAL opportunity.

On the BUY side be more aggressive after the previous session high has been taken out. Not that this is a pre-condition but should be noted as a confirmation of strength. BREAKOUT strategies should just "go" so keep risk parameters tight. FADE into any negative reaction off an unsuccessful upside BREAKOUT after a support level is confirmed. Use a REVERSAL strategy to leverage up after the MKT gets back above the original breakout point. If the integrity of the previous session high remains intact, avoid REVERSAL strategies as any break momentum is a negative signal that the MKT is going to return to its neutral posture. FADE strategies are recommended early in the session or near the end. The positive signal will either play out from the get go or will make its move in the latter stages of the trading session.

Note: This is a dangerous emotional trading environment. MKT reactions to go a little further that you expect in either direction so anticipate this in your position and risk management.

5yr T-NOTE Futures - TRYING TO MAKE A DIFFERENCE

2010-06-08T23:28:00.003-05:00

Technically the MKT is in a DIGESTIVE BULL TREND and is flirting with a shift into a more aggressive positive position. Look for excuses to get long but respect the digestive nature and avoid pressing any position.

Key off the 117-0225 Inflection Pivot for an indication of the session tone. This is the base for the underlying positive momentum and will maintain its integrity if the 5yr is in for higher prices.

On the SELL side avoid FADE strategies and use a REVERSAL instead against the 117-152 resistance pivot. The MKT is excited but has yet to confirm any new advance. Expectations are that any false positive breakout signal will be met with a sharp negative reaction. BREAKOUT strategies below 117-022 are a lower probability but are valid and in line with a reversal scenario. If the MKT has already produced a false positive signal and is holding negative reversal structure, this strategy has potential. Expectations are that any negative BREAKOUT should just go and with the MKT staying under pressure into the close and expanding the digestive range. Anticipate a positive turn and consider reversing off lower support structure.

On the BUY side accept FADE, BREAKOUT and REVERSAL strategies. BREAKOUT strategies above 117-152 have the potential to run. If so, they will just "go" and not look back. Any stop and go action and any profits should be realized as it is more likely the MKT will be setting up a re-test of support to FADE before it can extend higher. FADE and REVERSAL strategies should work off the 117-022 support inflection pivot and only provide one opportunity. Repeated tests or base building and it is more likely the MKT is going to search for its lower digestive extreme rather than resume a positive course.

Note: The MKT has produced a positive signal but is not confirmed. Be ready for it but if it does not materialize, beware of a negative reaction. Don't get caught fading a break that continues to hold structure as the MKT may be defining its lower digestive extreme and will most likely find it after it hits your last sell stop.

SP500 Futures- VULNERABLE BELOW 1070

2010-06-07T22:38:00.003-05:00

Technically the MKT is in a BEAR TREND ACCELERATION position and is vulnerable to the offer with all trading below the 1070 Inflection Pivot. Any positive corrective action is expected to be short lived below here with only one upside "stop squeeze" if the negative moemtnum is going to play out. Any held strength and repeated probe higher is a sign that the trade will turn digestive. This does not take away from the negative bias but does limit the profit potential for any new sales in the session.

On the SELL side accept FADE, REVERSAL and BREAKOUT strategies below the previous sessions high point. BREAKOUT strategies under 1045 should just "go", so do not risk much. FADE strategies against 1070 are recommended over REVERSAL strategies as the MKT is expected to hold lower structure and any momentum shift should be considered a potential positive corrective turn.

On the BUY side avoid REVERSAL strategies off the 1045 support pivot as these signals are more likely short squeeze rallies and opportunities to SELL into and FADE against 1057.50. BREAKOUT strategies above 1070, so risk less and go for more. Any BUY FADE off 1045 should have confirmation and are not recommended if the integrity of the previous session high is intact. After a break in the negative structure confirmed support levels can be used for short term reactions using aggressive position management.

Note: The MKT is in an aggressive sell posture. If the previous session high is intact its just a matter of time before the sellers try to overwhelm the MKT. Look for excuses to get short. If the previous session high is breached opportunity will be on both sides of the MKT, however the bias still rests with the Bears.

XAL - Airline Sector Index : CORRECTIVE SIGNAL

2010-06-05T13:19:00.004-05:00

Technically the MKT is in a NEUTRAL CORRECTIVE state producing a big negative signal against a positive trend. If the negative signal is going to follow through it should do so from the get go and not look back. Any break in the negative structure is a signal that the positive trend will try to reassert itself.

Key off the 3644 Inflection Pivot. If the underlying positive momentum is going to resume the MKT will build a base above here.

On the SELL side FADE strategies should work on the initial test and immediately turn the market lower. Repeated tests is a sign that the market will try to probe higher. REVERSAL strategies should be avoided as any positive signal is more likely an indication that the underlying trend is going to resume. SELL BREAKOUT strategies can be profitable but they are after a major negative signal and have the potential to be stop and go. The trade has the potential to be the beginning of a major sentiment shift if it turns sour.

On the BUY side accept BREAKOUT, FADE and REVERSAL strategies off major inflection points with the expectation that the positive momentum is going to resume. REVERSAL strategies are recommended over a FADE strategies, which should have at least 1 if not 2 challenges to the support integrity before executing a long off it. BREAKOUT strategies can risk a little more if current events and other MKTs of confluence confirm a positive posture. If not a better approach would be to FADE a negative "squeeze" reaction after a positive breakout signal as the neutral technical position can keep the trend sideways.

Note: The MKT has produced a big technical signal against the current trend. Be aware that the negative action may be a 1-day event with the positive trend quickly re-establishing itself. If the MKT is really going to turn it should remain hard pressed and provide little or no relief. Don't fight any sustained weakness as the potential for a sentiment shift is real.

NAT GAS Futures - CORRECTIVE SIGNAL

2010-06-01T22:57:00.004-05:00

Technically the MKT is in a NEUTRAL DIGESTIVE position and has produced a negative signal. The MKT is in Neutral so if it does not follow through on its negative signal the potential for a whiplash rally is high.

Key off the 4.154 Inflection Pivot for an indication of the session tone. A held trade above here keeps the underlying tone positive.

On the SELL side accept FADE, BREAKOUT and REVERSAL strategies off major inflection points. SELL BREAKOUT strategies below 4.154 may need to be "worked" as the neutral position will produce some starts and stops. FADE strategies after a negative breakdown signal at 4.227 are good opportunities as well but expectation should be for the MKT to quickly move back under the failed support. If the trade just "hangs around" is more likely a signal that more digestive action is coming and a retest of resistance should be expected. Be more aggressive with FADE and REVERSAL strategies at 4.300 or against the previous session high point targeting the opposing digestive support. Above the previous session high point enterying after the 2nd or 3rd press into an area is recomended over stepping in front of the initial challenge.

On the BUY side BREAKOUT strategies above 4.300 are aggressive and should be entered sooner [lower] than later [higher]. Expectations should be for the MKT to reversing yesterday's negative signal and holding strucutre after a positive signal. If the MKT digests prior to making a positive move it is more likely a short squeeze to FADE. BUY FADE strategies off 4.154 are aggressive and if they are going to work should do so on the initial test of support. Repeated tests or "confirmation" are more likely to give way to a lower trade. BUY REVERSAL strategies are recommended off 4.154 only, as the MKT is vulnerable to a negative trend shift.

Note: The MKT has produced a negative signal in a neutral environment. This is teither the beging of a new trend move south or a press into the negative extreme which is about to snap back. Don't get tied into either opinion and let the MKT tell you what is.

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CRUDE OIL Futures - CORRECTIVE SIGNAL

2010-05-26T23:45:00.003-05:00

Technically the MKT is in a NEUTRAL CORRECTIVE state producing a big positive signal against a negative trend. Opportunity exists on both sides of the MKT, however the positive signal will remain in play above the 70.23 Inflection Pivot.

On the SELL side accept BREAKOUT, FADE and REVERSAL strategies off major inflection points with the expectation that the negative momentum is going to resume. REVERSAL strategies are recommended over a FADE strategies at the 72.17 resistance pivot, which should have at least 1 if not 2 challenges to the integrity of the resistance before executing a sale against it. BREAKOUT strategies below 70.23 can risk a little more if current events and other MKTs of confluence confirm a negative posture. If not a better approach would be to FADE a positive "squeeze" reaction after a negative breakdown signal against the 71.20 Directional as the neutral technical position can keep the trend sideways.

On the BUY side avoid FADE strategies off 70.23 until after the previous session high point or major resistance level has been taken out to confirm a positive shift in momentum. REVERSAL strategies should be avoided as any negative signal is more likely an indication that the underlying trend is going to resume. BUY BREAKOUT strategies above 72.17 can be profitable but they are aggressive and should look to take profits and potentially REVERSE short at resistance targets. The trade is counter trend so avoid any positive commitments.

Note: The MKT has produced a big technical signal against the current trend. Be aware that the positive action may be a 1-day event with the negative trend quickly re-establishing itself. If the MKT is really going to turn it should remain firm and not look back.

5yr T-Note Futures - Sentiment Shift

2010-05-25T23:37:00.003-05:00

The MKT is pressing into an exhaustive extreme and is vulnerable to a corrective trade. Respect positive structure but be ready to roll with any negative turn.

Key off the 117-215 Inflection Pivot today for an indication of the session tone. If the MKT is going to avoid a sentiment shift it will maintain a trade above here. If not a sharp negative shift is expected.

On the Sell side REVERSAL strategies off major inflection points will work best as any unsustained positive signal is expected to provide a sharp negative reaction. FADE strategies off the 118-017 resistance inflection pivot is valid but will work better after the 2nd or 3rd press into an area. BREAKOUT strategies below 117-215 are a lower probability but do have the potential to provide an emotional release.

On the Buy side FADE and REVERSAL strategies are recommended off 117-215, especially if the previous session low point remains intact. BREAKOUT strategies above 118-017 should hold structure after a resistance breach if they are going to follow through. Any break in momentum and the market will be vulnerable to drop back into a digestive trade.

Note: The MKT has stalled and may need a session or two to catch its breath or it already has. Keep an open mind and let the MKT tell you was is.

EURUSD Forex - EDGE OF THE ENVELOPE

2010-05-24T23:39:00.003-05:00

Technically the MKT is in a NEUTRAL TRANSITION with sentiment leaning negative and flirting with a negative turn. Opportunity exists on both sides of the equation however the threat of an acceleration of the negative momentum outweighs the buy side if the integrity of the previous session high remains intact.

Key off the 12297 Inflection Pivot for an indication of the session tone. If the MKT is going to remain stable it will not do much trading below here. If so the negative momentum is expected to dominate.

On the SELL side accept BREAKOUT, FADE and REVERSAL strategies with the expectation that the current positive to negative transition will continue. Keep aggressive position management on BREAKOUT strategies below 12297 as the MKT is still in the neutral zone and has yet to commit to a new trend. A more conservative strategy would be to wait for positive reactions after a negative signal to FADE into against 12373. The trade should be fluid with the MKT immediately giving background after any positive squeeze. 12449 is the high point for any positive squeeze if the negative signal is going to play out and FADE and REVERSAL signals should be excepted.

On the BUY side avoid FADE strategies of the 12297 support area until after the previous session high point or major resistance has been taken out to confirm a break in momentum. Until then a better opportunity will be a REVERSAL strategy but only off 12297. This is a one shot trade using a low risk big profit target criteria. The idea is that the transition trade is over and a positive shift back into a NEUTRAL DIGESTION is expected. BUY BREAKOUT strategies above 12449 can be profitable but they are aggressive and should use the same aggressive position management as a REVERSAL. Risk less go for more.

Note: The MKT is trying to shift from a positive to a negative trend position. False starts and stops should be expected and position management adjustment anticipated, as quick momentum turns are the norm in this technical environment.

DAX Futures - MIXED SIGNALS

2010-05-24T00:13:00.003-05:00

Key off the 5949 Inflection Pivot today. This is the top the market's BEAR TREND structure and the high point for any upside squeeze if the negative signal is going to retain its influence.

On the SELL side accept FADE, REVERSAL and BREAKOUT strategies below the 5949 level. BREAKOUT strategies below 5812.5 should just "go", so do not risk much. FADE strategies are recommended over REVERSAL strategies at 5881 and 5949 as the MKT is expected to hold lower structure and any momentum shift should be considered a potential positive corrective turn.

On the BUY side avoid REVERSAL strategies off major support levels as these signals are more likely short squeeze rallies and opportunities to SELL into and FADE. BREAKOUT strategies above 5881 and 5949 are a long shot, so risk less and go for more. Any BUY FADE off the 5812.5 support pivot should have confirmation and are not recommended if the integrity of the previous session high is intact. After a break in the negative structure confirmed support levels can be used for short term reactions using aggressive position management.

RUSSELL 2000 Futures - SET TO SWING

2010-05-20T23:48:00.004-05:00

Technically the MKT is in a NEUTRAL DIGESTIVE position with a slight negative bias. Opportunity exists on both sides of the MKT but "choppy" sideways trading conditions should be expected.

Key off the 660.30 Inflection Pivot for an indication of the session tone. This is the high point for any positive action if the contract is going to remain vulnerable to the offer.

On the SELL side BREAKOUT strategies below 627.90 are valid but should expect a laborious trade. Work any position, covering on emotional sell-offs and re-entering on any sharp pullbacks. Expect a choppy trade and be aggressive on minimizing profit give-back. FADE and REVERSAL strategies are recommended off major resistance levels. The probability is to the downside today but is not a day to press it.

On the BUY side avoid BREAKOUT strategies above 660.30 but rather FADE a negative reaction after a positive breakout signal at 644.10. REVERSAL strategies are recommended over FADE strategies off major support inflection points as "sloppy" trading conditions are expected. Any FADE trades at the 627.90 support pivot should get confirmation or a negative exhaustion or turning point signal before executing. Position management adjustments should be anticipated for all longs as sideways trading conditions can quickly erase profits.

Note: The MKT is in neutral and is more likely to go nowhere fast. Don't get stubborn however if the MKT starts to get into trend mode as the contract may just be expanding its digestive parameters producing a one way trade into the close and new extreme.

GOLD Futures - HOW'S THAT LEVERAGE FEEL NOW?

2010-05-19T23:45:00.004-05:00

Technically the MKT is in a NEUTRAL CORRECTIVE state producing a negative signal against a positive trend. Opportunity exists on both sides of the MKT.

Key off the 1212.80 Inflection Pivot for an indication of the session tone. Below here yesterday's negative signal remains in play.

On the SELL side avoid FADE strategies against 1207.2 and 1212.8 until after the previous session low point or major support level has been broken to confirm a negative shift in momentum. Until then a better opportunity will be a REVERSAL strategy but only off the 1st major resistance level. This is a one shot trade using a low risk big profit target criteria. The idea is that if the MKT is going to follow through on its negative signal any strength is just a "head fake " before it follows through. SELL BREAKOUT strategies below 1185.6 can be profitable but they are aggressive and should look to take profits and potentially REVERSE long at support targets. The trade is corrective and the underlying positive tone must be respected.

On the BUY side accept BREAKOUT, FADE and REVERSAL strategies off major inflection points with the expectation that the positive momentum is going to resume. REVERSAL strategies are recommended over a FADE strategies off the 1185.6 support pivot, which should have at least 1 if not 2 challenges to the support integrity before executing a long off it. BREAKOUT strategies above 1212.8 can risk a little more if current events and other MKTs of confluence confirm a positive posture with the expectation that the Bull Trend is going to resume. If not a better approach would be to FADE a negative "squeeze" reaction after a positive breakout signal at 1196.9 as the neutral technical position can keep the trend sideways.

NAT GAS Futures - TRYING TO MAKE A DIFFERENCE

2010-05-18T23:51:00.003-05:00

Technically the MKT has produced a major positive technical signal which remains in play with all trading above the 4.252 Inflection Pivot. A higher close today will confirm the signal and have the potential to influence the trade for the next 3-8 days.

On the SELL side BREAKOUT strategies below 4.252 are very aggressive and should be executed higher than lower. Expectations should be that yesterday's positive signal was exhaustive and a sharply lower reversal signal is due. Don't take the signal otherwise as any setback should be looked at as a buy opportunity. If the MKT is going to turn sour, it should be quick and relentless. Avoid FADE strategies against 4.492 as the MKT has just produced a major buy signal and fresh gains are expected. REVERSAL strategies as well are not recommended, as any resistance level violation that cannot be held is more likely a squeeze for the longs, which can quickly turn positive. The SELL side today is a dangerous place to be.

On the BUY side BREAKOUT, FADE and REVERSAL are recommended as the MKT is aggressively bid and all buy signals are valid opportunity. If stopped out at or near the low tic of a reaction and the MKT is not following through to the downside, leverage up using the squeeze low as a stop, expecting a quick reaction back above your original entry. If so stay with the position with the expectation of a play for new move highs. Look for pportunity off 4.252, 4.372 and 4.492.

Note: The MKT has produced a significant positive technical signal that has the potential to produce a fundamental shift in sentiment. Expectations are for steady gains after at most, one pullback. A laborious trade and the MKT may wait till the end of the session to make its move.

British Pound Futures - EXTENDED

2010-05-17T23:50:00.003-05:00

Technically the MKT has produce a negative signal into the EXTREME of a BEAR TREND move and will need to hold structure below the 14631 Inflection Pivot if it is going to maintain an aggressive sell posture. Don't press it. Although the MKT is vulnerable a break in momentum has the potential to spark a sharp corrective rally.

On the SELL side downside BREAKOUT strategies below 14359 are valid and should continue to hold negative structure if they are going to extend. Get in to these trades sooner (higher) than later (lower) as new weakness is expected to be stop and go. A more conservative strategy is to FADE a positive reaction after a negative breakdown signal against the 14495 Directional Pivot and even better to wait for a negative REVERSAL off this corrective rise rather than stepping in front of it. FADE and REVERSAL are recommended at the 14631 and 14916 resistance levels especially after a sharp corrective rise. The MKT is negative but is also extended and the probability of a corrective rise is high. Wait for an exhaustive signals or confirmation to jump on.

On the BUY side BREAKOUT strategies above 14631 should have aggressive trail stops and tighter profit targets at 14746 and 14916. There is a good chance for a corrective turn but profit targets and position management should be tight as this is more likely a rally to sell. If you get on, ride it until structure is broken and then look to go the other way. BUY REVERSAL strategies will provide opportunity off of lower support inflections but will work best after a sharp trade lower through major support. Look for opportunity at 14359 and the 14245 and 14116 support levels. Expectations are for no follow through not a reversal of sentiment. Keep risk management and profit targets tight to reduce giveback as the underlying technical foundation today is negative. Avoid FADE BUYS as the negative trend remains enforce with sell FADE opportunities the better place to step out.

Note: Just because the MKT is extended does not mean it cannot get more extended. Any long ideas should wait for a signal don't force one.

SP500 Futures - TASTE TEST

2010-05-15T17:49:00.006-05:00

Technical indicators shifted negated after Friday's sell off but the underlying technical structure remains positive above 1121.50. As long as the June'10 contract is above this price point the sentiment bias is to the upside. A breach of the 1143.50 resistance pivot will confirm this targeting 1197 on the next reaction higher.

Key off the 1132.50 Inflection Pivot for an indication of the sessions immediate tone. Use this as an "over under" number today. Above here the MKT will be leaning positive and below negative with 1143.50 and 1121.50 the neutral Critical Range extremes. Only a breach of either extreme will signal the next trend move.

Expectations are for any positive move to be more of a "railroad" trade with sellers "scaling in" feeding a one way trade with only minor reactions.

A break under 1121.50 is expected to be more emotional with sharp sell-offs followed by positive price squeezes. As long as the MKT is below 1121.50 the potential for a release will remain a threat.

The price points presented define the behavioral shifts in market sentiment. Use them as an overlay to your outlook.

Good Trading

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WHEAT N'10 - SENTIMENT SHIFT

2010-05-13T23:14:00.003-05:00

Key off the 495-6 Inflection Pivot as the high point fo rany corrective squeeze. Sell strength below here.

On the SELL side accept FADE, REVERSAL and BREAKOUT strategies below the previous sessions high point and against 495-6. BREAKOUT strategies below 476-2 may need to be "worked" as the MKT is on edge and will be emotional, producing some starts and stops before it drops. FADE strategies are recommended over REVERSAL strategies against 489-2 and 495-26as the MKT is expected to hold lower structure and any momentum shift should be considered a potential positive corrective turn.

On the BUY side avoid REVERSAL strategies off major support levels as these signals are more likely short squeeze rallies and opportunities to SELL into and FADE. BREAKOUT strategies above 489-2 above the previous session high are a long shot, so risk less and go for more. Any BUY FADE off the 476-2 support pivot should have confirmation and are not recommended if the integrity of the previous session high is intact. After a break in the negative structure confirmed support levels can be used for short term reactions using aggressive position management.

S&P Mid Cap 400 Index - PROVE IT

2010-05-12T22:18:00.002-05:00

Key off the 796.20 Inflection Pivot as the low point for any pull-back squeeze and the 818.10 resistance pivot as a trigger to a further gains.

On the SELL side REVERSAL strategies can be executed off 818.10 and the 832.70 resistance levels. Expectations should be for an immediate exhaustive turn with the MKT quickly moving away from the area. A gradual decline folowing a reversal signal and it more likely just a pause before another round of buying, so in either scenerio keep position management tight. Avoid SELL FADE strategies even with confirmation, as this is more likely a lid for a BREAKOUT BUY strategy. SELL BREAKOUT strategies below 803.50 are not recommended but can be used as a signal for a FADE against Directional reisstance at 810.80.

On the BUY side accept FADE, REVERSAL and BREAKOUT strategies above the previous sessions low point. BREAKOUT strategies abive 818.10 should just "go", so do not risk much. Be wary of these strategies early in the session and look to exit on the 1st break in strucutre. BUY FADE strategies at 803.50 and 796.20 are recommended over REVERSAL strategies as the MKT is expected to hold higher structure and any failure should be considered a potential negative corrective shift. The MKT is aggressively bid which should keep pace throughout the session if the TREND ACCELERATION forecast is going to play out.

Note: The worst-case scenario for a MKT in this technical position is to go higher early in the session and then break all day. Be alert to recognize this. If you have > 3 loser long trades consider taking the next sell signal anticipating a corrective turn. Remember in this technical position if the MKT is going higher it should just go. If not there is the potential for a corrective break or digestive trading environment.

EURGBP - NOT SO FAST

2010-05-11T21:54:00.004-05:00

Technically the MKT is in a BEAR TREND but in a DIGESTIVE position. The probability is to the downside but there is opportunity on both sides of the MKT.

Key off the 8539 Inflection Pivot for an indication of the session tone with 8647 the high point for any upside squeeze.

On the SELL side BREAKOUT, FADE and REVERSAL strategies are valid with the expectation that the underlying negative momentum is going to reassert itself. Work any FADE or REVERSAL strategies within the digetive range, covering any position near the extremes. BREAKOUT strategies are valid however they may be choppy and more laborious. Work any position, covering on emotional sell-offs and re-entering on any sharp pullbacks. The probability is to the downside today but is not a day to press it.

On the BUY side avoid BREAKOUT strategies but rather FADE a negative reaction after a positive breakout signal. REVERSAL strategies are recommended over FADE strategies off major support inflection points as "sloppy" trading conditions are expected. Position management adjustments should be anticipated for all longs as the underlying negative tone can quickly reassurt itself and erase profits.

Note: The MKT has an underlying negative posture but there is the potential for a positive transitional move. Don't get stubborn if the MKT starts to get into trend mode in either direction as the contract may just be expanding its digestive parameters producing a one way trade into the close and new extreme.

EURUSD - FRESH MEAT

2010-05-10T23:30:00.003-05:00

Technically the MKT is in a NEUTRAL CORRECTIVE state producing a positive signal against a negative trend. Opportunity exists on both sides of the MKT however the threat of the return of the negative momentum must be respected as a good probability with all trading below the 12946 Inflection Pivot.

On the SELL side accept BREAKOUT, FADE and REVERSAL strategies off major inflection points with the expectation that the negative momentum is going to resume. REVERSAL strategies are recommended over a FADE at the 12819 and 12946 levels, which should have at least 1 if not 2 challenges to its integrity before executing a short sale against it. BREAKOUT strategies below the 12692 support pivot can risk a little more if current events and other MKTs of confluence confirm a negative posture with the expectation that the negative trend is going to resume. If not a better approach would be to FADE a positive "squeeze" reaction against 12819 after a negative breakdown as the neutral technical position can keep the trend sideways.

On the BUY side avoid FADE strategies off 12692 until after the previous session high point or major resistance has been taken out to confirm a break in momentum. Until then a better opportunity will be a REVERSAL strategy but only off the 1st major support level. This is a one shot trade using a low risk big profit target criteria. The idea is that if the MKT is going to follow through on its CORRECTIVE signal any weakness is just a "head fake " before it follows through. BUY BREAKOUT strategies above 12946 can be profitable but they are aggressive and should look to take profits and potentially REVERSE short at resistance targets. The trade is corrective and the eventual play is a resumption of the negative momentum.

Note: The MKT is in a corrective position with the potential to produce a sharp short covering rally, a messy sideways digest or a resumption of the negative trend. Keep your opinions to themselves and focus on what the MKT is telling you it wants to do. Don't fight it, roll with it. If you have > 3 losses consider reversing strategy.

JS

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10YR T-NOTE Futures - BULL TREND EXTREME

2010-05-06T22:58:00.004-05:00

** BULL TREND EXTREME **- Technically the MKT is at the positive extreme and is flirting with an exhaustive turn. Keep your dancing shoes on this Technical State has the potential to get a little wild.

Key off the 120-06 Inflection Pivot today for an indication of the session tone. All trading below here keeps the contract vulnerable to a retreat.

On the SELL side accept REVERSAL strategies off 120-25 and 121-215 resistance levels should work on the initial break in momentum if they are going to. BREAKOUT strategies below 119-19 are aggressive but do have the potential to be the start of a corrective turn, so look to get in early on the initial break in structure. Lock in any unrealized profit on these strategies, as the underlying momentum remains positive. 118-13 and 117-15 are the lower targets.

- On the BUY side accept FADE signals off the 119-00 and 118-13 major support levels after the 2nd or 3rd confirmation. The MKT is extended and may need to digest a bit before it produces a positive push. REVERSAL strategies are valid off all major support inflection points as well as the 119-19 support pivot, with the expectation that the underlying positive tone will try to assert itself. The outlook after a REVERSAL signal will be more firm digestive than positive trend. BREAKOUT strategies above 120-06 and 120-25 should just go, so keep stops and position management tight. If not the likelihood of a sideways trade developing is high.

Note: The MKT is extended and any push to new move highs is not expected to be sustained. Emotional trading conditions are expected.

USDJPY - CORRECTIVE SIGNAL = OPPORTUNITY

2010-05-05T22:30:00.004-05:00

On the SELL side avoid FADE strategies against 9493 until after the previous session low point or major support level has been broken to confirm a negative shift in momentum. REVERSAL strategies should be avoided as any positive signal is more likely an indication that the underlying trend is going to resume. SELL BREAKOUT strategies below 9350 can be profitable but they are aggressive and should look to take profits and potentially REVERSE long at support targets. The trade is counter trend so avoid any negative commitments.

On the BUY side accept BREAKOUT, FADE and REVERSAL strategies off major inflection points with the expectation that the positive momentum is going to resume. REVERSAL strategies are recommended over a FADE strategies at the 9350 level, which should have at least 1 if not 2 challenges to the support integrity before executing a long off it. BREAKOUT strategies above 9493 can risk a little more if current events and other MKTs of confluence confirm a positive posture. If not a better approach would be to FADE a negative "squeeze" reaction down to 9422 after a positive breakout signal above 9493 as the neutral technical position can keep the trend sideways.

SP500 - VULNERABLE

2010-05-04T23:14:00.003-05:00

The SP500 broke out to the down shifting into a BEAR TREND ACCELERATION technical state. If the negative signal is going to follow through the Index will not do much if any trading above the 1173.75 Inflection Pivot.

This is the price point which will determine today's bias. Below here the pressure stays on high targeting 1156.50 and 1146.50 on any new weakness. Use caution. Although reactions are expected this sell off does have the potential to flush down to 1131.50.

A held trade above 1173.75 takes the edge off for a difficult trade up to 1183. If the MKT is going to fall back into a soft sideways trade any show of strength will fizzle here. If not a play for the 1202-1199 resistance band is the outlook. Expect no follow through.

Note: The MKT produced a major negative technical signal which should at least produce a new move low. If not it is an underlying sign of strength that will foreshadow a resumption of the underlying positive momentum targeting 1225.

10YR T-NOTE - SPIN CYCLE

2010-05-03T18:56:00.003-05:00

Technically the MKT is in a DIGESTIVE BULL TREND with a slight negative tone. The MKT is searching for support so wait for a positive signal instead of trying to create one.

Key off the 117-085 Inflection Pivot today as this is the expected low point for any new weakness if the MKT is going to end the session in positive territory.

On the SELL side FADE and REVERSAL signals off the 117-295 resistance level are valid. The MKT has a soft tone and is expected to probe lower as long as the intra-day structure is negative. Keep position management and profit targets aggressive, as these trades are counter trend. SELL BREAKOUT strategies below 117-085 are more aggressive, as follow through to the downside is not expected at this time.

On the BUY side accept REVERSAL strategies off the 117-085 and 116-300 support levels with the expectation that any signal has the potential to be the beginning of the next leg higher. BUY FADE strategies off 117-085 will need confirmation before they should be accepted. In addition any test may need to build a base before it can mount a sustained positive push, so expect a laborious trade. BREAKOUT strategies above 117-19 and the 117-295 resistance pivot are valid however the digestive trade will make FADE strategies off support on a "pullback" after a BREAKOUT signal a better opportunity.

Note: The MKT has any underlying positive tone but may probe lower to define its digestive range.

JS

Join our "LIVE" TRADE ROOM and learn JS Services Strategy Based Trading approach using CLEARBOX automated strategies! For more information please contact me at info@jsservices.com. You can also visit http://www.jsservices.com/ and sign up for a Complimentary FREE Trial.

SP500 - TIME TO PLAY A CARD

2010-05-02T20:52:00.004-05:00

Key off the 1187 Inflection Pivot for an indication of the session tone.

On the SELL side FADE strategies should work on the initial test at 1187 and the 1194.25 resistance pivot and immediately turn the market lower. Repeated tests is a sign that the market will try to probe higher. REVERSAL strategies should be avoided as any positive signal is more likely an indication that the underlying trend is going to resume. SELL BREAKOUT strategies below the 1177.75 support pivot can be profitable but they are after a major negative signal and have the potential to be stop and go. The trade has the potential to be the beginning of a major sentiment shift if it turns sour.

On the BUY side accept BREAKOUT, FADE and REVERSAL strategies off major inflection points with the expectation that the positive momentum is going to resume. REVERSAL strategies are recommended over a FADE strategies off the 1177.75 and 1169.50 support levels, which should have at least 1 if not 2 challenges to the support integrity before executing a long off it. BREAKOUT strategies above 1187 and the 1194.25 resistance pivot can risk a little more if current events and other MKTs of confluence confirm a positive posture. If not a better approach would be to FADE a negative "squeeze" reaction at 1187 after a positive breakout signal above 1194.25 as the neutral technical position can keep the trend sideways.

NAT GAS M'10 - TEMPERATURE CHANGE

2010-04-29T20:04:00.003-05:00

Tchnically the market is in a BEAR TREND but in a DIGESTIVE posture. The MKT has produced a big negative signal but has yet to confirm a shift into trend mode. Look for excuses to get short below the 4.191 Inflection Pivot.

On the SELL side accept FADE, BREAKOUT and REVERSAL strategies off major inflection points. SELL BREAKOUT strategies below the 3.947 support pivot may need to be "worked" as the big negative signal will have the sellers excited. FADE strategies against 4.191 after a negative breakdown signal are good opportunities as well and can provide favorable area to put on leverage against structure. Be more aggressive with FADE and REVERSAL strategies at or against the previous session high point targeting the opposing digestive support. Above the previous session high point entering after the 2nd or 3rd press into an area is recommended over stepping in front of the initial challenge.

On the BUY side BREAKOUT strategies above 4.191 are aggressive and should be entered sooner [lower] than later [higher]. Expectations should be for the MKT to make its move early in the session and not look back, holding structure most of the day producing a positive "reversal" signal. If the MKT digests prior to making a positive move it is more likely a short squeeze to FADE. BUY FADE strategies off the 3.947 support pivot are aggressive and if they are going to work should do so on the initial test of support. Repeated tests or "confirmation" are more likely to give way to a lower trade. BUY REVERSAL strategies are not recommended as any failure is confirmation of a negative trend shift. The probability is to the downside today so don't get stubborn buying breaks.

Note: The MKT has produced a big negative signal and is flirting with a turn for the worse. If it does not follow through on any new weakness it is more likely a nuetral shift than a positive one.

CORN N'10 - POSITIVE SIGNAL IN PLAY ABOVE 363-4

2010-04-28T22:59:00.003-05:00

Technically the MKT is in a NEUTRAL CORRECTIVE state and has produced a big positive signal against a negative trend. Opportunity exists on both sides of the MKT however the potential for a positive shift in sentiment is real with all trading above the 363-4 Inflection Pivot.

On the SELL side accept BREAKOUT, FADE and REVERSAL strategies off major inflection points with the expectation that the negative momentum is going to resume. REVERSAL strategies at 369-0 are recommended over a FADE strategies, which should have at least 1 if not 2 challenges to the integrity of the resistance before executing a sale against it. BREAKOUT strategies below 358-0 can risk a little more if current events and other MKTs of confluence confirm a negative posture. If not a better approach would be to FADE a positive "squeeze" reaction against 363-4 after a negative breakdown signal as the neutral technical position can keep the trend sideways.

On the BUY side avoid FADE strategies at 363-4 and 358-0 until after the previous session high point or major resistance level has been taken out to confirm a positive shift in momentum. REVERSAL strategies should be avoided as any negative signal is more likely an indication that the underlying trend is going to resume. BUY BREAKOUT strategies above 369-0 can be profitable but they are aggressive and should look to take profits and potentially REVERSE short at resistance targets. The trade is counter trend so avoid any positive commitments.

SP500 Index Futures - TIME TO PLAY A CARD

2010-04-27T22:42:00.003-05:00

Key off the 1171.50 Inflection Pivot for an indication of the session bias. If the market is going to crumble it will have to overwhelm this support area.

On the SELL side FADE strategies should work on the initial test of the 1187 resistance pivot and immediately turn the market lower. Repeated tests is a sign that the market will try to probe higher. REVERSAL strategies should be avoided as any positive signal is more likely an indication that the underlying trend is going to resume. SELL BREAKOUT strategies below 1171.50 can be profitable but they are after a major negative signal and have the potential to be stop and go. The trade has the potential to be the beginning of a major sentiment shift if it turns sour.

On the BUY side accept BREAKOUT, FADE and REVERSAL strategies off major inflection points with the expectation that the positive momentum is going to resume. REVERSAL strategies are recommended over a FADE strategies off the 1171.50 support pivot, which should have at least 1 if not 2 challenges to the support integrity before executing a long off it. BREAKOUT strategies above 1187 can risk a little more if current events and other MKTs of confluence confirm a positive posture. If not a better approach would be to FADE a negative "squeeze" reaction down to the 1179.25 Directional pivot after a positive breakout signal as the neutral technical position can keep the trend sideways.

DOW FUTURES - TIGHT ROPE

2010-04-26T23:58:00.004-05:00

The MKT is pressing into an exhaustive extreme and is vulnerable to a corrective trade. Respect positive structure but be ready to roll with any negative turn expecting a play for the 11080 Inflection Pivot. Key off the 11221 resistance inflection for the upside exhaustion signal.

On the Sell side REVERSAL strategies off the 11221 and 11315 resistance levels will work best as any unsustained positive signal is expected to provide a sharp negative reaction. FADE strategies against 11221 are valid but will work better after the 2nd or 3rd press into an area. BREAKOUT strategies below 11127 are a lower probability but do have the potential to provide an emotional release down to 11080 and 10962.

On the Buy side FADE and REVERSAL strategies are recommended off 11127 and 11080. BREAKOUT strategies above the 11221 resistance pivot should hold structure after a resistance breach if they are going to follow through. Any break in momentum and the market will be vulnerable to drop back into a digestive trade.

Note: The MKT has stalled and may need a session or two to catch its breath or it already has. Keep an open mind and let the MKT tell you was is.

EUREX BUND - MIXED SIGNALS

2010-04-22T23:36:00.002-05:00

The MKT is holding firm but remains in a corrective posture down to the 12345 Inflection Pivot. This is the low point for any setback if the underlying tone is going to remain positive.

On the SELL side accept FADE signals against the 12419 resistance pivot only on the 2nd or 3rd confirmation. REVERSAL strategies should only be done off 12419 or the previous session high point at 12431 and will immediately work if they are going to. Keep position and risk management tight on these trades. SELL BREAKOUT strategies below 12345 will work better as a signal for a FADE of Directional resistance at 12390 with profit targets at the 12361 support area. The underlying tone is positive and negative follow through is not expected.

On the BUY side accept REVERSAL signals off all major inflection levels, expecting the underlying positive momentum to resume. FADE strategies off ther 12361 and 12345 support Inflection Pivot will work better with confirmation as the MKT is in a corrective state and will be probing lower looking for soft spots. Work any BUY BREAKOUT strategies above the 12419 resistance pivot as any positive shift in momentum has the potential to be the start of the next leg higher.

Note: The MKT is in a corrective position and sharp negative sell offs are not expected to follow through. If after a break the MKT stabilizes and starts to build structure, look for buy opportunities and work it until that structure is broken.