Mega plano orçamental foi promulgado por Trump

[Dwer]

Look for the market to stage an early move up. If prices "hang up" near the highs for the first few hours we will expect a sell off later in the session. If we get a fast, early drop lower this will be a bullish continuation sign.

Trade Setup Summary for Monday, January 5, 2004:
No TCF Trade setups for Monday as we let the market get back in gear. There was a nice rally off the early Hour One pivot low which we had suggested there would be.

Recap of Monday's Action:
Good Morning and thank you for joining with us today.

It's great to be back in the trading action and the markets are showing some decent activity so far in the New Year.

We had suggested watching the early lows for an up move off of those lows although our Market Force data was still incomplete. This is what we got as the prices pulled back and hit the BreakDown first at 1112.75 and then proceeded to move 8 points higher into the close.

This is the kind of action we wanted to see, IE: the reaction to the specific Hour One pivots and the bounce we had expected which is even more encouraging.

Let's get right into what we expect for today and see how we can trade what shows up.

Today's Call & Briefing:
As you can see from the Headline Call today we are going to be looking for 2 distinct actions in the market to give us a trading edge.

First, we are expecting the markets to stage an upmove in the early going off the opening. If we see the prices rally and "hang up" near the highs for a few hours then this should be bearish for the prices later in the session. Ideally we will be able to get a short sale set up with one of our TCF trade setups.

If prices drop quickly off a flat to higher opening then we will expect this to be a continued bullish move. Now the tricky part of seeing a move like this occur is that the exact TCF setup may be a bit elusive and not set up clearly. We will have to be on the alert for this. More on this below.

Overall it appears we will get a mild continued up week but it's still a bit early in this weeks action.

If we get the early push up in prices and the "hanging up" at the highs action then the STRENGTH of the sell off will give us clues for the rest of the week. A hard sell off from early highs later in the session could take us back to the 1110.00 area which is now strong support. Heading below that will most likely send us back down to challenge the Pit Bull support area at the 1101.30 area but not necessarily today.

TCF TRADE SETUPS TO WATCH FOR TODAY: Today we most favor the idea of selling the BreakOut after seeing the prices "hang up" near the highs in the early going. If the market is indeed rallying and we see the B/O get hit first there is a good chance that we will be waiting for an extra 2-4 points before selling IF the High Five are strong.

If we hit the BreakDown as the first Hour One pivot it will most likely be a sell and this could get tricky if the market is not showing Bear Ugly characteristics. This is the tricky part I mentioned above. We may refrain from taking the BreakDown as a long or short trade if that is the first Hour One pivot hit today as the New trading year is still off to a fresh start. Ideally we will hit the BreakOut first and see that script pan out for a safer trade.

We will not be trading the Buy or Sell Pivots today but just observing the price action around them.

Value Area: 1,113.40 - 1,117.00
Closing above the VA is bullish and this would suggest support at the 1117.00 area. So if we see prices move into the Value Area 1113.40 then comes into play as stronger support.

The ideal situation would be to see us get short on the BreakOut and then watch prices fall into this VA. In this way we could estimate the covering spot. We just have to see how the market sets up and deal with what we are given.

Buy Pivot Target: 1,114.25 - 1,115.25
No trade at this Buy Pivot today. Watch 1111.00 for support (-4.25 stop/pivot).

Sell Pivot Target: 1,123.75 - 1,122.75
No trade at this pivot today but watch these numbers in connection to the BreakOut Hour One pivot. The +4.25 stop/pivot is at 1128.00 and we would expect buying to get held back at that point. Again, compare this to the BreakOut and the 6 points above that.

10 Day "Pit Bull" Moving Average: 1,101.30
Stong support here. Notice how on Monday we were in a Crossover Alert and prices flew away from there. Now a return to a Crossover Alert on the close will bring back a more bearish mood to the market. This would occur with a close under 1111.00.

Pro Trader's Action
We are going to continue to be a bit careful today until we get the market moving ahead and revealing itself more. We got a whole year ahead of us full of trades and we are not anxious as Pros to trade.

Ideally we will get a flat to higher opening, a price rise with prices "hanging up" near the highs and later be able to get short.

If they drop fast in the early going off the open then we want to watch for more bullish price moves.

Good Luck today and I'll see you in the action. Mohan