In this post:
1. Market Commentary
2. Support and Resistance Levels
3. Daily Mini S&P 500 Futures Chart
4. Economic Reports
5. Earnings Releases
1. Market Commentary
Front month for Equities (eminis), currencies, bonds and financials and many other markets is now December. You should not be trading almost any September contract of any market.
Note to our clients who are trading with TransactAT:
The latest version is now TransactAT 5.2.2 (download). The newer version can be installed over the older version. Please contact you broker if you need any help.
We started the week right where we left the last one….overnight gaps due to news from Europe ( Greece this time), moves both ways with volatility actually dying out during the day session.
I have a “small sell signal” if we can break below 1186 on Dec. Mini Sp with targets coming at 1166 and 1148.
GOOD TRADING!
2. SUPPORT AND RESISTANCE LEVELS!
| Contract (Sept. 2011) | SP500 (big & Mini) | Nasdaq100 (big & Mini) | Dow Jones (big & Mini) | Mini Russell |
| Resistance 3 | 1228.27 | 2385.83 | 11604 | 723.67 |
| Resistance 2 | 1215.88 | 2350.17 | 11487 | 715.43 |
| Resistance 1 | 1206.57 | 2325.58 | 11409 | 706.17 |
| Pivot | 1194.18 | 2289.92 | 11292 | 697.93 |
| Support 1 | 1184.87 | 2265.33 | 11214 | 688.67 |
| Support 2 | 1172.48 | 2229.67 | 11097 | 680.43 |
| Support 3 | 1163.17 | 2205.08 | 11019 | 671.17 |
| Contract | Dec. Gold | Sept. Euro | Oct. Crude Oil | Dec. Bonds |
| Resistance 3 | 1865.1 | 1.3862 | 90.46 | 142 31/32 |
| Resistance 2 | 1843.5 | 1.3787 | 89.13 | 142 14/32 |
| Resistance 1 | 1814.2 | 1.3728 | 87.56 | 141 28/32 |
| Pivot | 1792.6 | 1.3653 | 86.23 | 141 11/32 |
| Support 1 | 1763.3 | 1.3594 | 84.66 | 140 25/32 |
| Support 2 | 1741.7 | 1.3519 | 83.33 | 140 8/32 |
| Support 3 | 1712.4 | 1.3460 | 81.76 | 139 22/32 |
3. Daily Mini S&P 500 Futures Chart from September 19th, 2011
Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.
4. Economic Reports for Monday September 19th, 2011
Building Permits
8:30am USD
Housing Starts
8:30am USD
Economics Report Source: http://www.forexfactory.com/calendar.php
5. Earnings Releases
| SYMBOL | COMPANY | EVENT TITLE | EPS ESTIMATE | EPS ACTUAL | PREV. YEAR ACTUAL | DATE/TIME (ET) |
| LEN | Lennar Corp | Q3 2011 Lennar Corp Earnings Release | n/a | n/a | n/a | 19-Sep BMO |
| ARAY | Accuray Inc | Q4 2011 Accuray Inc Earnings Release | $ 0.07 | n/a | $ 0.08 | 19-Sep AMC |
| AGY.L | Allergy Therapeutics PLC | Preliminary 2011 Allergy Therapeutics PLC Earnings Release | n/a | n/a | n/a | 19-Sep 2:00 AM |
| ATST.L | Alliance Trust PLC | Interim 2011 Alliance Trust PLC Earnings Release | n/a | n/a | n/a | 19-Sep 2:00 AM |
| 3333.T | ASAHI CO LTD | Q2 2012 ASAHI CO LTD Earnings Release | n/a | n/a | n/a | 19-Sep |
| ADH.L | Asia Digital Holdings PLC | Interim 2011 Asia Digital Holdings PLC Earnings Release | n/a | n/a | n/a | 19-Sep |