Archive for August, 2009
Buyers worked the market higher after the US cash session open to the area of price just under near term resistance levels. Around 10:50 a.m. central time, the BUY program action in equities started a swift SHORT covering rally for the ES. Sellers moved aside allowing for price improvement as the final ES momentum for today’s rally put in a 998.75 high of day trade. A slow to develop sell response did pullback price off the highs to the 991.50 level, which was met with buyers again ready to close out the day in charge. The final end of day buyers charge ran the ES back up to the 997′s to close out the day session on strength. Now we will see if the after hours session attracts sellers again to take advantage of the end of day price improvement. You never know what the low volume after hours session attracts! 
Video 1
[[T_F]]Data Leak Prevention – Data Security Solutions – Information Theft Protection, Detection and Prevention Software Productstracefusion_signature=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[[T_F]]
Tuesday was a bit slow with price eventually trading to the 989′s resistance level I was tracking. Price rotated at that level numerous times with no breakout to higher pricing levels as buyers remained weak. I did mention going into yesterday’s close in our Daily Alerts chat that sellers, with the higher prices offered at the 989′s area, may work the after hours session again to drive prices lower. So let’s see what happened…..
Video 1
[[T_F]]Data Leak Prevention – Data Security Solutions – Information Theft Protection, Detection and Prevention Software Productstracefusion_signature=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[[T_F]]
Today I had my confirmation of an intermediate term top is now in place with the cash session close below the 989′s level. The big gap down for Monday’s cash session had buyers in hiding as the market spent most of the day trapped in a tight rotational range at the lows. Eventually, additional selling drove the market lower for a new low of day to the 975.50 level. The final hour of the day remained very weak as buyers were unable to cause any decent short covering push into the last 30 minutes prior to the cash session close.
Video 1
[[T_F]]Data Leak Prevention – Data Security Solutions – Information Theft Protection, Detection and Prevention Software Productstracefusion_signature=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[[T_F]]
This does not at all surprise me, not one bit, as I know the power behind tracking the order flow each day with Delta Volume Analysis. I also know how important tracking the Delta Volume Distributions can be for finding the best possible areas each day to enter trades. Here you go, take a look at this news about the Cumulative Delta……
TT News
[[T_F]]Data Leak Prevention – Data Security Solutions – Information Theft Protection, Detection and Prevention Software Productstracefusion_signature=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[[T_F]]
The 989 area I talked about last week and again on Friday after the close has been taken out in the pre-market action today. I will be watching this level today to see if we get a close in the ES below the 989′s. If we do end the day with a close below the 989 level this will confirm for my Delta Volume Distribution tracking that an intermediate top is now in place.
08/17/09 Pre-Market Briefing
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