Archive for June, 2010

Current Technical Setups On The Emini S&P

Posted on June 27, 2010 by Chuck KowalskiNo Comments

The latest minor trend in the emini points to a downward reversal on June 21, so the short-term trend is lower.  Things get a little more complicated when you are looking at the bigger picture and trying to figure out whether this market is going to make another leg lower or continue with the trendline Read More…

Filed Under: E-mini Stock Futures

Trading A Trend Day In The Emini

Posted on June 15, 2010 by Chuck KowalskiNo Comments

Trend days can be the best days for some day traders and the absolute worst days for others.  Tuesday was a classic trend day where the market gapped higher and slowly and methodically pushed higher all day. 
I like to use the 20-period exponential moving average on the 5-minute charts to determine the trend.  You can Read More…

Trading Failed Rallies in the Emini

Posted on June 7, 2010 by Chuck KowalskiNo Comments

There are many ways to determine the trend in a market and most of them are pointing lower for the stock markets.  Major trendlines have been broken, the 200-day moving average has been crossed and rallies are not lasting. 
 
You can see how weak the market was on Monday as the market tried to rally but Read More…

Filed Under: E-mini Stock Futures

Watch For Triangle Breakouts In Dollar And Euro

Posted on June 3, 2010 by Chuck KowalskiNo Comments

The Dollar Index has consolidated in a triangle formation and that normally leads to a significant breakout.  Things have been quieter with the European financial crisis, but the charts say we could expect some more fireworks soon. 
 
You can see that the dollar index has been consolidating at the mid-87 level.  The lows have been getting Read More…

Filed Under: E-mini Stock Futures