Name: UrmaBlume
Web Site: http://www.TradePointTechnologies.com
Bio: CEO TradePoint Technologies - Our Mission is to develop and implement trade desision support technologies that operate in time frames that range from days to milliseconds and support both human traders and fully automated systems with special focus on hands-off, high frequency trading protocols.
Day Summary
While the market did indeed make new highs today, at 1035 PST
Intense, Coordinated Commercial Selling in ES, YM & NQ
formed a top that held thoughout the session.
The second chart down shows the continuing divergence between price
and net money flow in ES.
Trade was on less than average volume and a very slight net buy bias by commercials.
At halftime with price on session highs the market has found some selling.
The shot of HUD shows that selling
Below the HUD a graph of money flow and price so far this session shows
the strength of the move thus far
Today’s Market Report – ES – 10/19/2009
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Today’s Numbers
No Numbers Today
Tomorrow
Building Permits, PPI, Core PPI, Housing Starts
*****
At 30 minutes before the open the first pic below shows the HUD which
reflects overnight volume at 82% of normal with a slight sell bias.
The second pic shows overnight price action with support at 1,077
and resistance at 1,089
Day Summary
Today’s price action never recovered from the strong overnight selling.
Trade was on slightly less than average volume with a notable sell bias.
Net New Trade by Commercials was -44,975 contracts.
The caveat to the recent positive price action is the continuing negative divergence
between price and net money flow as shown in the chart below.
Bon Weekend
At 2 hours before the close on an Options Expiration Friday
price remains in a narrow range with trading on slightly above
average volume and a Sell Bias. Possible action in the last hour today
Today’s Market Report – ES – 10/16/2009
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Today’s Numbers
0900 EST Net Long-Term TIC Flows
0915 Capacity Utilization, Industrial Production
0955 Mich Sentiment-Preliminary
TGIF
************
At just before 0100 PST at 1,095 there was strong commercial selling
At an hour and a half before the open price is making new lows on
162% of normal volume with a very strong sell bias and
Net New Commercial Trade so far this session of -12,425 contracts
Day Summary
Another day, Another New High
Trade was on just under average volume with a medium buy bias.
Net New Trade by Commercials was significant at +69, 198 contracts.
At 3 hours into the day session trade remains
confined to a very narrow range on slightly less than average volume
a slight buy bias and net commercial trade of only +2,700 Contracts
Here is a shot of overnight commercial commitment taken at 30 minutes before the open. Data is normalized for time of day – right axis is percent of normal.
Today’s Market Report – ES – 10/15/2009
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Today’s Numbers
0830 EST Initial and Continuing Jobless Claims, Core CPI, CPI, Empire Manufacturing
1000 Philadelphia Fed
1300 Crude Inventories
************
At just past 0400 PST as the price bested yesterday’s high by 1 tick
the seller appeared. This shot of the HUD shows his strength.
At 2 hours before the open trade is at 144% of average volume with a strong sell bias and
net new commercial trade of -16.733 contracts
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