TraderSmarts Subscriber Numbers for the YM, ES, 6E, & CL - Monday March 1, 2010

Here are your TraderSmarts Numbers for the YM, ES, 6E, and CL for Monday March 1, 2010

Support becomes resistance and vice versa...

TraderSmarts Numbers for the YM

10515*, 10464*, 10430, 10412, 10389, 10340, 10310, 10283*, 10215, 10162

TraderSmarts Numbers for the ES

1117.25, 1114.75, 1109.5, 1106, 1102.5, 1097.75, 1094, 1086.75, 1079.5

TraderSmarts Numbers for the 6E

1.3740*, 1.3733, 1.3687*, 1.3675, 1.3659, 1.3639, 1.3601, 1.3582*, 1.3540, 1.3492

TraderSmarts Numbers for the CL

82.7, 81.43, 81.18, 80.88, 79.97, 79.70, 79.5, 79, 78.66, 78.04, 77.17, 76.25

Trade smart and trade well!

In the 1/24/10 daily chart update I said: "I do not expect the YM to get back over 10566. I will be targeting 10309 - 10430 for swing shorts." The high FTU was 10434 and then we sold nicely down to a low of 10172 Thursday. I have been saying that while I still don't expect it back above 10566 I think the range is probably a little higher to look for swing shorts. I did get some short (small size relative) in my range but have felt a little left behind as we sold nicely from my original area without making the higher range I now expected. I would really like 10470 - 10560 area tagged.

YM: Expecting a move to the higher area I have been expecting 10470 - 10560. Swing Traders pay attention.

CL: We are in the 79.70 - 82.70 range mentioned many times. Pay attention.

6E: Betting against the "Career Trade". Looking for a CIT here. Needs a close over 1.3687 to confirm. If this fails I have another area - all I will say for now is it is above 1.3175.

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