EARLY BREAK OUT DEVELOPS RANGE BOUND PA 6/25/12

A early break out in PA at the Short BOT range to a BO-5 and BO-10 level only to become range bound.  B1 and B2 50CB levels failed a B8 test by bulls, and it took until B34 for PA to return to the EMA.

New resistance developed around 1307.5 and support was found around 1303.5 as PA moved in the BO-5 to BO-10 range, with key reversals found in the B52, B64, and B74 areas.

MARKET GOES BULLISH 6/22/12

BOT TRADING SYSTEM

Friday, the day after the bank downgrade information and a extended bear sell off.  Not much was expected, as the market would try and play it safe as traders take an early weekend.


The market played with the BOT Range in the pre open and had developed a slow, grinding bull channel into the open hitting a double high around 26.5-27.  Then the PB into mid morning.


This is where the market became interesting again.  Highs (with sellers) and now a higher low (from the pre open) with buyers at the Short BOT level.  The market was going bullish. and later reached the long BO+5 level.

LONG BIAS PREVAILS 6/14/12

BOT TRADING SYSTEM

THE bias was long.  We had two LB test (actually LBBO-5) and 1 SB.  B1 set a range we were discussing, and there was a favorable close to B2.  But B3 presented a problem, so to speak.  Indecision.  Where was the selling follow through?   We had an established TL on top and now we were seeing a lower TL develop.  Signals at B3-4 sealed the deal.  This was 1 of 3 very important TL's working with the BOT Range and the BO's.


By B6 we see a 50CB develop that had a challenge that failed early on at B13.  This was TL #3 for the important TL's.  PA stalled at the BO-10 level and broke the 50CB TL in a PB to the BO-5 level only to find buyers at TL #2  and a buy signal.  Case closed.  Bulls ran and dumped on late arrivals.  Once the carnage was over, bulls again resumed their upward bias.

DOW TRIPLE: ES DOUBLE LONG OUTLOOK 6/12/12

LAST evening after a day of extended selling, something occurred that gave a clue to today's trading:  buyers at a prior support.

The market had heavy puts still open.  Logically with a large sell off one would expect some (most?) to exit with profits prior to expiration.  If so, market buyers would look for a beneficial entry point to play the next leg up.  They do not like buying high, giving preference to a pullback for a better entry.

Last evening they got that opportunity.

The outlook seemed obvious:  

[22:58] <CM> 60m  buyers at the support levels we discussed earlier  (chart link deleted)
[22:59] <CM> tomorrow:  dow triple digit move   es double digit


A little detour in the US Open with a range run BO short, that found support at the BO-5 level.  A little "shake (shake out traders) and Break" was in order before the longs again took control with a reversing range run and long BOT BO.

PA ends +10 for the long break out, more for those entering the reversal.

ENTENDED BEAR SELLING 6/11/12

6/10/12 open had a nice gap.  Unfortunately the Euro Zone trading began selling off the gain.  By the US open, we see a control bar in B1 that was never challenged.  A range run quickly developed and the gap was filled.

Selling broke lower and was followed by the 20 EMA.  SBBO to 5, 10, 15, and 20 followed.

BO BULL RUN: M OR U! 6/8/12

OK, time to rollover your contracts.  But for the first day or  two the contracts M and U have been fairly consistent, just different price levels.  Some times the volumes seem slow to develop at rollover, but U is grown up now.  Today was the last for the M.

M

U

 The only short was short lived.  The H&S did not develop from the HOD around b46.  Get out, move on. In the scheme of trading today, it did not have an adverse effect.  Follow the trend that never looked back...

BULLS CONTINUE FROM THE FLIP POINT 6/6/12

YESTERDAY we had an alert about long interest at 1272.5 and 1275; points where the market was poised to flip from selling to buying.  It did, and continued today for a LBBO-20 day.


Yesterday


[07:43] <CM> mkt still in a sell mode until we return back inside the range conservative longs 1275 aggressive 72.5 new ranges later

And he bull continues to run with a pre-open range run hitting the Mid BOT at the open and breaking the Long BOT.

BO RUN TO BO 6/5/12

BOT TRADING SYSTEM


NON post days are recorded under the WEEK IN REVIEW page.


OK, I was planning a break.  But perfect storms are worth breaking silence . It did not take long for the suggested targets to play.  In fact, B1 of the US Open did it.


[07:43] <CM> mkt still in a sell mode until we return back inside the range conservative longs 1275 aggressive 72.5 new ranges later


+10 for both entry targets.