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Bestrades posting NQ chart
1529.75 is key fib ret to the upside..If cannot get through look for test of lows..
32.93 has to be cleared on the SMH which is a key candle and FIB.
GOLD closed at $433.40, down 90 cents.Lower for first time in four sessions
MKTX>>Marketaxess Holdings: Friday's IPO continues to lift, apparently aided by NY Times story of SEC probe into order executions by brokers
For Commodities info as discussed on the show go to http://www.tgmti.com/contact.asp or call 800.467.5945
SWISS FRANK now being posted
Reason why Education stocks moved
Strength attributed to positive intraday broker commentary;
CRUDE OIL and GOLD charts now being posted
OJ charts(OJF05) now being posted..9,50 sma, 20 expo,,MACD,DMI are being discussed..These are NOT ment for entries..
COCO up on what is happening in the IVORY COAST..$$$ and British Pound(182 stop now)(Target is 190).. being spoken about.Gold taken a breather..Silver 7.55 positions added on,first is from 707..Contact at 800.467.5945 or http://www.tgmti.com/contact.asp>>> ask for Commodity Mentor Trade Summary Sheet
12:49:47:Commodity_Mentor} the commodity mentor open positions are 12 open positions (9 winners / 3 losers) for a net of + $17,924.60 (a/o Friday's close)..that's what trend following is all about
RAE and FLIR on WHISPER NEWS
Third busiest trading day at CME an electronic record
MKTX Fri IPO took out 3x res at 17.60
CWTD>Another Chinese travel stock
10:56:30 {prospero:Bestrades} 52.85 KEY TASR...
move thru it confirms its bullishness
Education stocks getting bids
Unusual Volume -- VCampus>>VCMP
MSFT on the move.Reached an end to EU antitrust case
SPMENTOR saying SCALPERS MARKET..Bias still bullish with CAUTION..1163 is supp..Posting charts now!!
Bestrades saying"32.90 still holding on SMH".(Can get a big flush to downside) 33 is now support.. back above 33.11 to get more upside momo..1529.50 on NQ's is key..
COMPX areas of S/R
resistance at 2045/2047
support at 2035 then Fri's low (2027/2025)
10:03:21 out partial SMH@ 32.94 .Now posting Charts on SMH
XBD- worst performing sector avg
AMTD -4.6%, ET -3.8%, MWD -2%, SCH -2.2%, LM -1.6%, BSC -1.8%, MER -1.5%, JEF -1.1%
09:52:59:Bestrades}SMH 33.05 KEY AREA OF SUPPORT NOW SMH
FLSH>>Top pick at Unterberg
15.20 is the breakout according to Market VU..
KEY SP PIT numbers
S&P Value area 1167.60 - 1163.00
Opening Range 1164.80 - 1165.50
The MARKET VU SHOW 11/8
TUNE IN FREE>> http://www.themarketvushow.com M-F 8am est. until there is nothing more to say.
Yesterday’s action From the trading desk of Canslim.net>.Friday the Dow Jones Industrial Average gained 72.78 points or 0.71% closing at 10,387.54 while the bellwether S&P 500 increased 4.50 points or 0.39% ending the session at 1,166.17. The New York Stock Exchange volume total decreased 3% from the prior session to 1.72 billion shares as big board advancers trailed decliners 1,655 to 1,713 and there were 432 new 52-week highs and 9 new lows. The Nasdaq Composite gained 15.31 or 0.76% closing at 2,038.94 and the Nasdaq exchange's volume increased 5% to 1.90 billion shares. On Nasdaq advancers outpaced decliners 1,849 to 1,238 with 211 new 52-week highs and 18 new lows. Biotech (BTK +1.66%), Networking (NWX +1.55%) and Semiconductor (SOX +1.24%) stocks led the tech sector higher. Meanwhile, the Software Index (GSO +0.21%) saw gains which were less enthusiastic, and the Internet Index (DOT -0.84%) closed the session with losses. The Integrated Oil (XOI +0.37%) and Oil Services (OSX -0.06%) indexes showed little change, quieting down after much of the oil/gas group has been facing a great deal of downward pressure in the past week. Financial issues were mixed, with the Bank Index (BKX -0.19%) off slightly while the Broker/Dealer Index (XBD +0.59%) continued along its recent path higher.
Today: Numbers for SP traders to watch>>1160.87(50%res of bear/bull market.1163.23 was the pre high print on 3/5/04 ..WILL WE HOLD??????????????????????????TASR gets TSA approval..Mary Meeker loves the Internets>.EBAY=(OSTK ECST MALL GMAI SHOP) GOOG=(FWHT JUPM ASKJ INCX ) YHOO AMZN.. TZOO group includes(LONG CTRP ORBZ)..ADSX begins shipping RFID device.. NOVL settles anti-trust claim with Microsoft. Gamestop: watch for buy interest in GME in reaction to the ELBO upside guidance; also may see carryover to names such as ERTS, TTWO, ATVI, ATAR…CHINA stocks on the move…VCMP getting bids..
Key SP Pit numbers from Kwik Trading>Key numbers from the SP pit will be posted on the show..
Want to know what key numbers Pit traders are looking at? Big boys or locals buying? Complete coverage from the SP’s to the Cattle pits. Get the day traders Market Profile numbers and OPENING Rng....Call the trading desk at KWIK Trading. Call 800.467.5945.. Kwik trading is now offering commission free forex currency and metals trading .There is a free demo platform (which includes free quotes and charts. Is that enough 'free's? Call 800.467.5945 for more info.
SPMentor>Bias is Bullish with caution.. 1158.50 is the line in the sand..Upside res is 1177.50-1178.50..Steve spoke about the importance of watching the cash at these levels..
For a free trial of Steve Rifkin's S&P LIVE Mentorship where it's always called out live as the market trades and the Nature's Force E-Letter Report - review of the recent trading day, with key levels for the next trading day click here.
http://www.themarketvushow.com/sponsors.asp?sid=1
eButler serves The Commodities Report > British Pound still on fire..New markets entered on Fri>>>Short on SUGAR and OJ..New positions were entered on GOLD at 432.. The Dollar is higher against the Euro this morning on speculation the Fed may increase its benchmark interest rates this Wednesday
Chris “Swing Man Tyler > Chris will return tomorrow
Bestradess Vu’s >Charted SMH levels this morning..32.68 on SMH will be Key..
To find out more about Personal Mentorship conducted in a live voice environment covering the pre-market trade thru closing bell and a FREE trial to Bestrades MARKET Newsletter and Commentary UPDATE click here: http://www.themarketvushow.com/sponsors.asp?sid=9
Must Watch Stocks that you have to watch longer term..
Mary Meeker loves the Internets>.EBAY=(OSTK ECST MALL GMAI SHOP) GOOG=(FWHT JUPM ASKJ INCX ) YHOO AMZN.. TZOO group includes(LONG CTRP ORBZ)..
SPMENTORS KEY SPemini#'s
Bias is Bullish with caution.. 1158.50 is the line in the sand..Upside res is 1177.50-1178.50..Steve spoke about the importance of watching the cash at these levels..
Numbers for SP traders to watch>>1160.87(50%res of bear/bull market.1163.23 was the pre high print on 3/5/04 ..WILL WE HOLD??????????????????????????
Mary Meeker loves the Internets>.EBAY=(OSTK ECST MALL GMAI SHOP) GOOG=(FWHT JUPM ASKJ ) YHOO AMZN.. TZOO group includes(LONG CTRP)..
At the Close:INDU:Up 72 points to close at 10,387, COMPQ: Up 16 points, to 2,039, SPX: Gained for the ninth straight session in a row to end the week at a 2 1/2 year high up 4.43 points, at 1,166.10.
Mr.Butler and the British Pound(BPZ04),Now posting a chart show 190 as the target..Posting charts on GOLD and SILVER(add on above 7.55)
Trading Pits 1/8 fill according to Paul from xSqwawk
Gold futures mark highest closing level in 16 years propelled by declines in the U.S. dollar. December gold rose $3.50 to close at $434.30
Mr.Butler's Home Run play on the British Pound gaining steam..The dollar tumbled to uncharted territory against the euro this afternoon , as U.S. deficit concerns nullified a positive October jobs report.
The $$ was down 0.4 percent against the euro when compared to late U.S. trading Thursday; one euro was worth $1.2925.The euro was as high as $1.2952, taking out the previous all-time high of $1.2927 reached in February. The euro had fallen to $1.2783 after the latest jobs report revealed October payrolls gains more than doubled forecasts.
"The [jobs report] gives the Federal Reserve the green light to keep hiking U.S. rates, but that didn't help the dollar for more than 10 minutes," said Jamie Coleman, managing analyst with IRF Forex Watch.
Higher U.S. interest rates would presumably encourage foreign buying of U.S assets, helping the United States to finance its record trade shortfall.
Russian Nuclear Accident follow-up,provided by Briefing.com
Hearing that Interfax has reported that Russia has denied rumors of a nuclear accident. However, while some traders are taking this as confirmation that nothing happened, others are focusing on reports of actual panic in Russia with residents rushing to buy radiation antidotes and that Russia also apparently initially denied the Chernobyl incident.
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You heard him LIVE today on the show as he posted his charts and went over PRICE ACTION and how he comes up with KEY AREAS. Spend 1 week free with Steve and his crew using the INNER VU technologies..Contact at> http://www.spmentor.com >Free trial to SPMentor Steve Rifkin’s Live mentoring room. Where it’s always called out live!
Spend 1 week FREE with SPMENTOR
You heard him LIVE today on the show as he posted his charts and went over PRICE ACTION and how he comes up with KEY AREAS..Spend 1 week free with Steve using the INNER VU technologies
Russian "Nuclear Accident???Market rumor circulating amongst traders
MR.Butler's HOME RUN play in the British Pound still making new highs..
11:18:26 {prospero:Bestrades}32.90
KEY SUPPORT FOR SMH
Florida Attorney General subpoenas 10 insurance brokers
MKTX>>just follow FBCO on the bid
SP CASH key Areas..resistance at 1170 (March 2002 close high). Next resistance is just slightly above at 1171.50 (equality with Aug/Oct run) and 1173 (March 2002 intraday high)
$COMPX Short term resistances are at 2045/2047 (congest/close high June) followed by the June intraday high at 2055.
10:31:58 {prospero:SPMentor} trail stop now 169.00 as we are at a KEY KEY area..
SOX's look like they want PDH saying Market Vu
SPMENTOR 1169.75 to 1170.75 next upside target
SPMentor} trail stop now =1164
SPENTOR in buys..Good supp held looking for 69.75...63.50 is supp..
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