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MCTS MARKETS COMMENTARY for 10/2/06 trading session!
Sep 30, 2006 - Signals are generated trading one FUTURES contract based on closing prices and daily statistics.
The down trend ends above 127.82 SCO BUY STOP LOSS. The 18 day moving average at 127.80 offers INTERMEDIATE SUPPORT and with NEGATIVE stochastics, FURTHER LOWER PRICES ARE POSSIBLE. A close below 126.92 is negative and FURTHER LOWER PRICES ARE POSSIBLE. A close above 128.34 is positive and WEEKLY CONFIRMATION OF A BOTTOM. The up trend ends below 62.78 SCO SELL STOP LOSS. The 18 day moving average at 64.86 offers INTERMEDIATE RESISTANCE and with POSITIVE stochastics, FURTHER HIGHER PRICES ARE POSSIBLE. A close below 60.58 is negative and WEEKLY CONFIRMATION OF A TOP. A close above 64.95 is positive and FURTHER HIGHER PRICES ARE POSSIBLE. The 9 day moving average at 108.020 offers INITIAL SUPPORT and with NEGATIVE stochastics, CAUTION IS WARRANTED. A close below 107.280 is negative and WEEKLY CONFIRMATION OF A TOP. A close above 108.235 is positive and FURTHER HIGHER PRICES ARE POSSIBLE. The 9 day moving average at 255.6 offers INITIAL SUPPORT and with POSITIVE stochastics, FURTHER HIGHER PRICES ARE POSSIBLE. A close below 252.4 is negative and WEEKLY CONFIRMATION OF A TOP. A close above 267.6 is positive and FURTHER HIGHER PRICES ARE POSSIBLE. The down trend ends above 573 SCO BUY STOP LOSS. The 9 day moving average at 573 offers INITIAL SUPPORT and with POSITIVE stochastics, CAUTION IS WARRANTED. A close below 564.6 is negative and FURTHER LOWER PRICES ARE POSSIBLE. A close above 579.4 is positive and WEEKLY CONFIRMATION OF A BOTTOM. The NEw 52 week low was made on 9/12/06 at 563. The down trend ends above 164 SCO BUY STOP LOSS. The 9 day moving average at 164 offers INITIAL RESISTANCE and with NEGATIVE stochastics, FURTHER LOWER PRICES ARE POSSIBLE. A close below 161.3 is negative and FURTHER LOWER PRICES ARE POSSIBLE. A close above 165.5 is positive and WEEKLY CONFIRMATION OF A BOTTOM. The NEW 52 week low was made on 9/13/06 at 158.5. The 9 day moving average at 24.33 offers INITIAL RESISTANCE and with NEGATIVE stochastics, FURTHER LOWER PRICES ARE POSSIBLE. A close below 23.80 is negative and FURTHER LOWER PRICES ARE POSSIBLE. A close above 24.58 is positive and WEEKLY CONFIRMATION OF A BOTTOM. with POSITIVE stochastics, FURTHER HIGHER PRICES ARE POSSIBLE. A close below 1321.50 is negative and WEEKLY CONFIRMATION OF A TOP. A close above 1350.50 is positive and FURTHER HIGHER PRICES ARE POSSIBLE. The NEW 52 week high was made on 1350.50. The 18 day moving average at 599.9 offers INTERMEDIATE RESISTANCE and with POSITIVE stochastics, FURTHER HIGHER PRICES ARE POSSIBLE. A close below 587.5 is negative and WEEKLY CONFIRMATION OF A TOP. A close above 612.4 is positive and FURTHER HIGHER PRICES ARE POSSIBLE. The 18 day moving average at 11.518 offers INTERMEDIATE SUPPORT and with POSITIVE stochastics, FURTHER HIGHER PRICES ARE POSSIBLE. A close below 11.130 is negative and WEEKLY CONFIRMATION OF A TOP. A close above 11.860 is positive and FURTHER HIGHER PRICES ARE POSSIBLE. The down trend ends above 51.80 SCO BUY STOP LOSS. The 9 day moving average at 51.80 offers INITIAL RESISTANCE and with NEGATIVE stochastics, FURTHER LOWER PRICES ARE POSSIBLE. A close below 50.00 is negative and FURTHER LOWER PRICES ARE POSSIBLE. A close above 52.90 is positive and WEEKLY CONFIRMATION OF A TOP. The 40 day moving average at 107.40 offers MAJOR SUPPORT and with POSITIVE stochastics, FURTHER HIGHER PRICES ARE POSSIBLE. A close below 102.00 is negative and WEEKLY CONFIRMATION OF A TOP. A close above 108.60 is positive and FURTHER HIGHER PRICES ARE POSSIBLE. Discuss this article in the forum. ...thanks
for the trust you've shown in MrSwing . Signals are generated & published daily before market opens based on closing prices & daily statistics. Account trades one FUTURES contract per $25,000 investment.All signals are entered Market On Close (MOC) or Stop Close Only (SCO).
DISCLAIMER: INDIVIDUAL ACCOUNT PERFORMANCE RESULTS MAY VARY DUE TO A VARIETY OF FACTORS, TO INCLUDE STARTING DATE, ACCOUNT SIZE, COMMISSIONS, PASS-THROUGH FEES, SLIPPAGE & OTHER FACTORS.
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