In this post:
1. Market Commentary
2. Support and Resistance Levels
3. December Mini S&P 500 Continuous Futures chart
4. Economic Reports
5. Highlighted Earnings Releases
1. Market Commentary
What platforms hold up during high volatility futures market trading sessions?
Over the last few weeks and particularly the last 4-5 trading sessions, we have witnessed unprecedented volatility, volume and market speed.
I want to share some of my experience as I have been trading with clients and definitely following the second-to-second moves. I have two very powerful machines along with multiple internet connections that are very fast. I must admit that during these times when the SP moved as much as 20 points in minutes and 10-12 points in seconds, two platforms stood out in keeping up with market data without any delays.
On my two machines I run CQG, eSignal, NINJA, PFG best, MFGlobal and couple more. All very solid, respectable trading and charting packages. However the two that ranked the highest in my opinion in regards to speed, no latency and reliability are TransactAT (TransactAT demo here), and E-Futures (E-Futures demo here). I welcome you to contact us for more information/ feedback and/ or to try a free demo if you not already using one of these two.
On a different note, below you will see a screen shot from today’s live trading signals webinar I hold DAILY. If you have not had the trial before, feel free to register and come visit the live charts and the set ups I share real time.
You can also sign up for my real time intraday charts service.
GOOD TRADING!
2. SUPPORT AND RESISTANCE LEVELS!
| Contract (Sept. 2011) | SP500 (big & Mini) | Nasdaq100 (big & Mini) | Dow Jones (big & Mini) | Mini Russell |
| Resistance 3 | 1193.00 | 2249.92 | 11317 | 725.60 |
| Resistance 2 | 1175.00 | 2209.08 | 11168 | 711.10 |
| Resistance 1 | 1149.50 | 2147.42 | 10952 | 686.20 |
| Pivot | 1131.50 | 2106.58 | 10803 | 671.70 |
| Support 1 | 1106.00 | 2044.92 | 10587 | 646.80 |
| Support 2 | 1088.00 | 2004.08 | 10438 | 632.30 |
| Support 3 | 1062.50 | 1942.42 | 10222 | 607.40 |
| Contract | Dec. Gold | Sept. Euro | Sept. Crude Oil | Sept. Bonds |
| Resistance 3 | 1848.3 | 1.4576 | 87.01 | 143 29/32 |
| Resistance 2 | 1824.7 | 1.4486 | 85.07 | 141 16/32 |
| Resistance 1 | 1808.3 | 1.4335 | 83.40 | 140 5/32 |
| Pivot | 1784.7 | 1.4245 | 81.46 | 137 24/32 |
| Support 1 | 1768.3 | 1.4094 | 79.79 | 136 13/32 |
| Support 2 | 1744.7 | 1.4004 | 77.85 | 134 |
| Support 3 | 1728.3 | 1.3853 | 76.18 | 132 21/32 |
3. Daily Mini S&P 500 Futures Chart from August 10th, 2011
4. Economic Reports Thursday August 11th, 2011
Import Prices m/m
8:30am USD
IBD/TIPP Economic Optimism
10:00am USD
Federal Budget Balance
2:00pm USD
Economics Report Source: http://www.forexfactory.com/calendar.php
5. Today’s Highlighted Earnings Releases
| SYMBOL | COMPANY | EVENT TITLE | EPS ESTIMATE | EPS ACTUAL | PREV. YEAR ACTUAL | DATE/TIME (ET) |
| M | Macy’s Inc | Q2 2011 Macy’s, Inc. Earnings Release | $ 0.49 | n/a | $ 0.35 | 10-Aug |
| NWSA | News Corp | Q4 2011 News Corp Earnings Release | $ 0.30 | n/a | $ 0.30 | 10-Aug 4:00 PM |
| RL | Polo Ralph Lauren Corp | Q1 2012 Polo Ralph Lauren Corp Earnings Release | $ 1.45 | n/a | $ 1.21 | 10-Aug BMO |
| CSCO | CISCO Systems Inc | Q4 2011 CISCO Systems Inc Earnings Release | $ 0.38 | n/a | $ 0.43 | 10-Aug AMC |
| CSC | Computer Sciences Corp | Q1 2012 Computer Sciences Corp Earnings Release | $ 0.69 | n/a | $ 0.91 | 10-Aug BMO |
| HAR | Harman International Industries Inc | Q4 2011 Harman International Industries Inc Earnings Release | $ 0.44 | n/a | $ 0.30 |