January 23rd, 2012 Posted in Uncategorized
Futures and futures options trading involve substantial risk, and therefore are not suitable for all investors.
Below you'll find today's and this week's trading levels. Expect Monday's trade to be light. There isn't much going on but issues in Greece and much of Europe are still present.
In regards to equity index futures, specifically ES H2 and TF H2, they're off from overnight highs. For ES H2, it's coming off a high of 1314.00, which is just above our Weekly R2. TF H2 hit a high of 784.9, just over our Weekly R1 of 784.6.
As you know, my low end target for ES H2 is 1320.00 and 790 for TF H2. We're pretty close. ES H2 is trading 1310.75 while TF H2 is trading 781.9. I expect to see a bit more of this early weakness, possibly bring ES H2 under 1308.00.
If that happens, I'll be looking to buy at 1308.50 on a Stop. If you have questions or care to discuss this trade, please call me - 312.224.7882.
Have a great day - Rob
| Daily Pivots | 1/23/12 | ||||
| EQUITIES | R2 | R1 | PIVOT | S1 | S2 |
| ES H2 | 1316.25 | 1313.75 | 1309.25 | 1306.75 | 1302.25 |
| TF H2 | 788.0 | 785.6 | 782.0 | 779.6 | 776.0 |
| NQ H2 | 2444.08 | 2439.92 | 2432.83 | 2428.67 | 2421.58 |
| YM H2 | 12733 | 12696 | 12631 | 12594 | 12529 |
| ENERGIES | R2 | R1 | PIVOT | S1 | S2 |
| QM H2 | 100.558 | 99.442 | 98.733 | 97.617 | 96.908 |
| QG G2 | 2.400 | 2.370 | 2.335 | 2.305 | 2.270 |
| GRAINS | R2 | R1 | PIVOT | S1 | S2 |
| ZS H2 | 1198.5 | 1191.9 | 1187.5 | 1180.9 | 1176.5 |
| ZC H2 | 621.8 | 617.6 | 609.4 | 605.2 | 597.0 |
| ZW H2 | 621.7 | 616.3 | 606.7 | 601.3 | 591.7 |
| METALS | R2 | R1 | PIVOT | S1 | S2 |
| YG G2 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| YI H2 | 0.000 | 0.000 | 0.000 | 0.000 | 0.000 |
| Weekly Pivots | |||||
| Starting | 1/23/12 | ||||
| S & P 500 | R2 | R1 | PIVOT | S1 | S2 |
| ES H2 | 1313.17 | 1308.27 | 1301.73 | 1296.83 | 1290.29 |
| RUSSELL 2K | R2 | R1 | PIVOT | S1 | S2 |
| TF H2 | 784.6 | 780.0 | 774.5 | 769.9 | 764.4 |
| NASDAQ 100 | R2 | R1 | PIVOT | S1 | S2 |
| NQ H2 | 2437.58 | 2427.92 | 2416.21 | 2406.54 | 2394.83 |
| DOW JONES | R2 | R1 | PIVOT | S1 | S2 |
| YM H2 | 12635 | 12589 | 12529 | 12483 | 12422 |
| MINI CRUDE | R2 | R1 | PIVOT | S1 | S2 |
| QM H2 | 101.971 | 101.042 | 100.265 | 99.335 | 98.558 |
| MINI NAT GAS | R2 | R1 | PIVOT | S1 | S2 |
| QG G2 | 2.523 | 2.465 | 2.421 | 2.364 | 2.320 |
| MINI BEANS | R2 | R1 | PIVOT | S1 | S2 |
| ZS H2 | 1198.0 | 1192.3 | 1185.6 | 1179.9 | 1173.2 |
| MINI CORN | R2 | R1 | PIVOT | S1 | S2 |
| ZC H2 | 613.4 | 609.1 | 603.5 | 599.2 | 593.6 |
| MINI WHEAT | R2 | R1 | PIVOT | S1 | S2 |
| ZW H2 | 613.9 | 608.7 | 602.2 | 597.0 | 590.5 |
| MINI GOLD | R2 | R1 | PIVOT | S1 | S2 |
| YG G2 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| MINI SILVER | R2 | R1 | PIVOT | S1 | S2 |
| YI H2 | 0.000 | 0.000 | 0.000 | 0.000 | 0.000 |