Semapa paga 148 milhões pela Imedexa na primeira compra fora do país

[Dwer]

Headline Call: Bullish (Caution). Market is preparing to roll into a new Buy Mode but after some lower testing. We want to be cautious on both sides until today's bias is clear.

Recap of Friday's Action:
Good Morning and welcome back from the weekend.

A huge gap -8.00 lower on the open Friday just below the Buy Pivot Target set a very bearish tone for the markets.

The first early drop below the Buy Pivot target was a sign that the market would most likely continue lower but with the early drop below that just .75 above the -4.25 pivot at 1067.00 created more of a challenge to decide where to trade.

We stood aside for the rest of the day to let the markets sort themselves out in the face of such a negative opening.

Later the markets drifted lower headling towards 1061.00 on the lows before a small bounce into the close.

This type of washout trading action sets up today for several scenarios outlined below.

Today's Call & Briefing:
Today there is a strong chance of seeing the market start to form some bottoming action.

If we get a higher opening FIRST however we could see a bit of testing on those lows put in Friday maybe even dipping into the 1058-59 area. So we want to watch out for this strong possibility.

If we see the markets pushing lower in the early trading and opening flat or BELOW 1064 we stand a chance of putting in an early bottom.

Due to 2 hard down days with the Dow simultaneously down -163 and -147 the tendency is for the market to bounce some. However, we want to be very astute to ascertain that this is not just some fake out for ONE MORE LOWER WASHOUT surprise to come after an early rally attempt.

WHAT TO LOOK FOR TODAY: We are going to be very willing to stand aside for a while this morning possibly up to the New York Lunch period to see if the market tries to rally early, fizzles out, and then searches for support below the lows of Friday.

We will track the Hour One low and compare that with the Buy Pivot target at 1058.50 to see the reaction. If they head towards this price FIRST before rallying then we could be seeing a bottom form.

On the Sell side watch for an early bounce back to resistance at 1070-71 zone where they opened on Friday. This also happens to be the Sell Pivot target also. I would be willing to go ahead and sell that price if we open higher and run up to 1070 first but will stand aside instead and let the prices sort themselves out.

Our Market Force indicators are lining up for a Buy sided trade and with all the excitement of 2 big drop days I would prefer to get positioned on the buy side in accordance with our indicators.

*It is important to understand that when you are new to trading futures it is very common for beginners to get all hyped up when the market starts making big directional moves. The truth is that behind these big moves are a lot of traders getting stopped out and hammered hard. That is what usually creates the big moves. Here at 21st Century Futures we intraday trade ranges with patterns that are discernable by using our TCF2004 system and very often are not involved in the larger scale moves. Although it is nice to catch some of that when it occurs it is only important to us if it falls within the criteria of our system and methods.

Value Area: 1,066.80 - 1,073.80
This 1067-66 area is going to be important to measure upside resistance. If prices try but fail to enter Friday's Value area today it is a sign of continued weakness and opens up the possibility for a trip down into the 1058 price area.

Buy Pivot Target: 1,058.50 - 1,059.50
We have this Buy Pivot target right at the early stages of entering below the 1060.00 handle and we expect that it will hold prices up.

However, we want to watch the opening half hour and the Hour One low to see if they atttempt to run prices down to this area first OR if we rally and gradually (or swiftly) pull back to this area.

All this information in regards to resistance at the entrance to the Value Area, opening price, first 20 minutes of trading, speed of rally and/or decline all contribute vital information as far as where and when to place our TCF2004 Trades.

Sell Pivot Target: 1,071.50 - 1,070.50
Here is the opening area of Friday's trade. It is a clear sell signal here for an early pop up to this area but we are NOT going to trade it directly but instead watch the price reaction to this area if indeed we do head up here early.

Why? Because with the 2 days of dramatic moves like we've had by letting these various price levels get tested one can determine the stronger probabilities of market bias and direction.

The more information you have (especially after 2 days of hammering) the better the trade entry, stop positioning, and ideally profit taking possibilites you have.

10 Day "Pit Bull" Moving Average: 1,091.40
We have moved substantially below this Pit Bull number. If you recall when we crossed over below this a few days ago the trend lower strongly established itself.

Lately (the last 6 months) these Pit Bull Crossovers have not been this pronounced. The markets have been "hanging up" since the beginning of the year due in part to the infamous Rigger we had helped identify who was manipulating 20% of the Emini Volume and holding the markets up.

Since his apparent removal from the picture just about 30 days ago or so it is interesting to note the severe hammering going on and the increased fluidity in the markets.

Pro Trader's Action
Today I am going to recommend watching the markets probably for the first 2-3 hours of trading to determine a clear bias in the indicators and price action.

An early run up to the 1-70-71 area is a sell but we want to be careful if the market is ready for a strong turn around.

On a lower opening and early crunch down below 1060.00 there is a good chance that we will be finding support and looking for a buy signal.

We are getting close to rolling into a new Buy Mode...but not just yet.

Good Luck today, be patient to determine the market bias, and I'll see you in the action. Mohan