Friday, May 29, 2009

TraderSmarts Emini Futures Numbers for the YM

Support becomes resistance and vice versa...

8486, 8516, 8555, 8622 resistance on the YM Emini Futures.

8410, 8362, 8329, 8281 supports.

Trade smart and trade well!

Thursday, May 28, 2009

TraderSmarts Emini Futures Numbers for the YM

Support becomes resistance and vice versa...

8320 TraderSmarts pivot

8370, 8412, 8476 resistance on the YM Emini Futures.

8273, 8234, 8203, 8166 supports.

Trade smart and trade well!

Wednesday, May 27, 2009

TraderSmarts Emini Futures Numbers for the YM

Support becomes resistance and vice versa...

8463, 8516, 8585 resistance on the YM Emini Futures.

8412, 8355, 8294 supports

Trade smart and trade well!

Tuesday, May 26, 2009

TraderSmarts Emini Futures Numbers for the YM

Support becomes resistance and vice versa...

8422, 8452, 8495, 8516 resistance on the YM Emini Futures.

8386, 8355, 8325, 8258 supports.

Trade smart and trade well!

Friday, May 22, 2009

TraderSmarts Emini Futures Numbers for the YM

Support becomes resistance and vice versa...

8340, 8355, 8388, 8444 resistance on the YM Emini Futures.

8288, 8228, 8202, 8166 supports.

Trade smart and trade well!

Thursday, May 21, 2009

TraderSmarts Emini Futures Numbers for the YM

Support becomes resistance and vice versa...

8340, 8388, 8433, 8495 resistance on the YM Emini Futures.

8281, 8244, 8202, 8166, 8122 supports.

Trade smart and trade well!

Wednesday, May 20, 2009

TraderSmarts Emini Futures Numbers for the YM

Support becomes resistance and vice versa...

8559, 8594, 8617, 8642, 8688 resistance on the YM Emini Futures.

8515, 8452, 8355 supports.

Trade smart and trade well!

Tuesday, May 19, 2009

TraderSmarts Emini Futures Numbers for the YM

Support becomes resistance and vice versa...

8488, 8515, 8555, 8594, 8613, 8634 resistance on the YM Emini Futures.

8429, 8388, 8355, 8322 supports.

Trade smart and trade well!

Monday, May 18, 2009

TraderSmarts Emini Futures Numbers for the YM

Support becomes resistance and vice versa...

8333, 8359, 8392, 8433 resistance on the YM Emini Futures.

8258, 8223, 8206, 8168, 8128 supports.

Trade smart and trade well!

Friday, May 15, 2009

TraderSmarts Emini Futures Numbers for the YM

Support becomes resistance and vice versa...

8279, 8291, 8320, 8330, 8359, 8395 resistance on the YM Emini Futures.

8238, 8203, 8166, 8128, 8085 supports.

Trade smart and trade well!

Thursday, May 14, 2009

TraderSmarts Emini Futures Numbers for the YM

Support becomes resistance and vice versa...

8286, 8296, 8320, 8340, 8359, 8408 resistance on the YM Emini Futures.

8247, 8203, 8164, 8128, 8088 supports.

Trade smart and trade well!

Wednesday, May 13, 2009

TraderSmarts Emini Futures Numbers for the YM

Support becomes resistance and vice versa...

8340, 8360, 8411, 8470, 8555 resistance on the YM Emini Futures.

8301, 8262, 8206*, 8128, 8047 supports.

Trade smart and trade well!

Tuesday, May 12, 2009

Dow Cash Update 5/12/2009

8359 and 8515 are the key support and resistance on the Dow Cash. Whichever snaps first will produce the immediate direction. As mentioned in the 5/5/09 Market Update 8515 is the top of the target zone I had for the move up. It just gave resistance a moment ago on this intraday squeeze back. You can see that the 8359 (bottom of the target zone) gave support today as the low of the day. If they want the 8750 (target of over and holding 8515) hit then they will most likely run the futures up overnight to get the Dow Cash over 8515 so it can squeeze higher.

So 8359 and 8515 are KEY. CIT should be imminent but the market is NOT behaving rationally. Look for under and holding 8359 to confirm CIT and if over 8515 and holding then 8750 area to be hit before looking for CIT

Reference the 5/5/09 Market Update.

TraderSmarts Emini Futures Numbers for the YM

Support becomes resistance and vice versa...

8457, 8494, 8518, 8534, 8562 resistance on the YM Emini Futures.

8413, 8369, 8322, 8281, 8206 supports.

Trade smart and trade well!

Monday, May 11, 2009

TraderSmarts Emini Futures Numbers for the YM

Support becomes resistance and vice versa...

8479, 8533, 8555, 8594 resistance on the YM Emini Futures

8398, 8336, 8320, 8281 , 8238 supports

Trade smart and trade well!

Sunday, May 10, 2009

Happy Mother's Day!!!

Happy Mother's Day to all the mothers out there...

Friday, May 8, 2009

TraderSmarts Emini Futures Numbers for the YM

Support becomes resistance and vice versa...

8516, 8544, 8555, 8594, 8638, 8750 resistance on the YM Emini Futures

8477, 8420, 8396, 8327, 8310, 8282 supports.

Trade smart and trade well!

Thursday, May 7, 2009

Market Update from 5-5-09

***This is from an email type market update that I send out periodically to certain friends, family, and associates. The first one was sent out in January of 2007 and the most recent (the one I am posting here) was sent out on the evening of 5-5-09***

Just a quick note that I have had 5/5/09 as a timing date and 8359-8515 on the Dow cash as an upside target for this move up off the March 6th lows. We are in that range of price and time squared now. We could see a CIT (Change in Trend) on the daily chart here soon. XLF had an 11.72 target that was finally hit yesterday. Since financials have been leading this market everything seems to be falling into place as far as price and time.

Keep in mind the bank stress test results are in play. These were supposed to be fully released already but were postponed. Results are known by the boys but the reality will be spun so as to not upset the public. The market is on hold for these and it may affect the timing aspect so over the 8359-8515 range and 8750 (which IMO if we get there is an area to fade) is the next level on the DOW cash where I would be looking for a CIT. Bottom line is watch for a CIT of this trend to be imminent.

TraderSmarts Emini Futures Numbers for the YM

Support becomes resistance and vice versa...

8546, 8564, 8595, 8649, 8680, 8750 resistance on the YM Emini Futures

8522, 8477, 8432, 8391, 8360, 8320 supports.

Trade smart and trade well!

Wednesday, May 6, 2009

Welcome to TraderSmarts

Welcome to TraderSmarts! I started this site because everyone I know is always asking me for support and resistance numbers on the emini futures and on stocks. This site is my way of giving back to those in the trading community.

Every day I will be posting my proprietary support and resistance numbers, which I call TraderSmarts Numbers, for the emini indexes and some select stocks. I specialize in trading the YM so we are going to focus on that contract at first but I also trade the ES, NQ, GC, CL, ZN, and ZB among others. You can check back here every morning for proprietary TraderSmarts Numbers. If you would like numbers for a specific market or stock just ask and I will try to accomadate.

These proprietary numbers will be the main focus at first and eventually I will share some thoughts on various aspects of trading such as mental fitness, specific techniques, lessons learned, trading journals, trading rules, interpreting data, etc. We will also do some fun things like polls, giveaways, interviews, and lots of other exciting stuff.

I look forward to sharing with you along this journey and sincerely hope that the TraderSmarts Numbers help you as much as they help me each and every trading day!