your #1 site for FREE swing & day trading content
|
|
|
Guesstimates on March 26, 8:00am ET
Spiders - June S&P E-mini Futures: Support is now at 1310. We shall probably see at 1380 print before another 50-60 point break occurs. The market should rally into the 1430-50 range over the next couple of months. QQQ: The Q’s have support at 41.70. A rally to 47.50 should begin soon. TLT - June Bonds: Resistance is still at 120-20 and I think the bonds will soon begin a drop to 112. I think TLT will drop to 88. June 10 Year Notes: Resistance is at 120-00. I think the notes will soon begin a move to 112. Euro-US Dollar: I think a reaction has started that will carry at least to 150.00 or so and probably lower than that. Dollar-Yen: The yen will probably make it down to 93.50 before a good rally begins. Meantime resistance stands at 101.20. XLE - OIH - USO – May Crude: I think a break of at least $20 has begun. GLD - June Gold: The market should now be headed for the 750-80 range. Resistance is at 960. SLV - May Silver: It looks like the silver is headed for 15.50 or so. Resistance is at 1825. Google: Google still has support at 420 and I think the next big move will be upward. by Carl Futia (CarlFutia.com) Disclaimer: Please note that charts and commentary provided by the moderator are for educational purposes only. Any trades placed upon reliance on the moderator’s charts or information is taken at your own risk for your own account. Past performance is no guarantee of future results. While there is great potential for reward trading stocks, futures and options, there is also substantial risk of loss and you must decide your own suitability to trade. Future trading results can never be guaranteed. This is not an offer to buy or sell stock, futures, options or commodity interests. Most trading systems are based on historical formulas which have worked in the past. However, what has happened before may or may not happen again. You can lose all your money trading stocks, futures, and options and you must decide your own suitability as to whether or not to trade. Only trade with true risk capital you can afford to lose. Only trade markets you can properly afford to trade. Properly funded trading accounts typically perform better than those that are not. Never risk more than 2-3% of your account on any one trade. Always define your risk before entering a trade and place a stop to limit your risk. There are no guarantees or certainties in trading. Trading involves hard work, risk, discipline and the ability to follow rules and trade through any tough periods during a system’s draw downs. If you are looking for a guarantee, trading is probably not for you. Most people lose money trading. One of the reasons is that they lack discipline and are unable to be consistent. A system can help you become consistent. Ironically, worrying about the monetary aspect of trading can contribute to and cause a trader to make trading errors. Therefore, it is important to only trade with true risk capital. |
|
|||||||||||||||||||||||||||||||||||||||
