Decided to post the TraderSmarts Subscriber Numbers on the blog today. Please subscribe in the upper right hand corner of this blog to ensure TraderSmarts Numbers for each contract sent before the market opens every day...
Here are your TraderSmarts Numbers for the YM, ES, CL, & 6E for Thursday March 4, 2010
Support becomes resistance and vice versa...
TraderSmarts Numbers for the YM
10464, 10404, 10377, 10333, 10283, 10215, 10162
TraderSmarts Numbers for the ES
1124.5, 1121, 1117.25, 1115.25, 1111.25, 1106.5, 1101.5, 1094, 1086.74
TraderSmarts Numbers for the CL
82.7, 81.43, 81.05, 80.60, 80.26, 80.08, 79.59, 79.33, 78.58, 78.04, 77.61, 77.15, 76.25
TraderSmarts Number for the 6E
1.3817, 1.3793, 1.3741, 1.3733, 1.3707, 1.3680, 1.3654, 1.3616, 1.3576, 1.3567, 1.3530
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.
YM: Expecting a move to the higher area 10470 - 10560 I have been wanting. Swing Traders pay attention here. 12 pts shy of 10470 Wednesday and selling. ES did hit my key 1124.5 though. Anticipating one more higher high and then that is IT - Goodnight sweet horse.
CL: Still expecting CIT in the 79.7 - 82.7 range. Hit the midpoint of this range Wednesday. A close over the midpoint and expecting the higher end of this range to be tested.
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