EminiForecaster Blog and Update History

Accurate Stock Market Forecasts for the Emini SP and other Futures

Archive for August, 2010

Sunday Forecast

The official EminiForecaster forecast for the trading week ending September
3rd is now posted.

We expect the market to rise into mid week and then retrace.

http://eminiforecaster.com/members/membersblog/forecaster.php

We saw the market rally on Friday to catch up to our forecast and we
should see this rally to continue into next week.

We have bounced nicely off of 1050 support levels and are trading higher
in the night session.

Fifty day moving average is sitting around 1080, we expect the market to
rise at least to those levels.

Volatility is expanding, so please use caution and proper money
management.

As always, try to manage risk prudently and wait for the big winners.

Wishing you the very best,

EMF Team

Thursday Forecast

The tentative EminiForecaster forecast for the trading week ending
September 3rd is now posted.

http://eminiforecaster.com/members/membersblog/forecaster.php (click "next
week")

Market has been moving downward to flat this week and our software
suggests that we will continue to rise next week with a drip off around mid
week.

Tomorrow is GDP report so should move the market.

Yearly lows are not that far away. You have to remember that market is
both technical and fundamental, sometimes it doesn't matter what the trend
is or what indicators are showing, when the economic numbers are out its
all emotion.

More on Sunday.

As always, try to manage risk prudently and wait for the big winners.

- EMF Team

EMF Official Forecast

The official EminiForecaster forecast for the trading week ending August 27th is now posted.

http://eminiforecaster.com/members/membersblog/forecaster.php

There are no changes to the forecast. We expect the market to rise next week with congestion and a slight up bias during the mid-week.

As previously mentioned, we have shifted to a bearish bias on the intermediate time frame.  Generally this means we will see larger down moves when they are occurring and smaller up moves. The coming week’s G-line appears to fit this theory with tighter upward ranges during this up cycle.

Volatility has been expanding this last week, which also supports the overall bearish viewpoint.

Keep an eye on reports/news as it will not take much to send the market lower with this likely gentle up bias in the coming week.

We advise keeping the risk control tighter on the up cycles (this week) and giving more breathing room on the down cycles (future weeks).

We see 1060 as key support on the downside and 1100 as resistance on the upside.

Wishing you the very best!

EMF Team

EMF Tentative Forecast

The tentative EminiForecaster forecast for the trading week ending August 27th is now posted.

http://eminiforecaster.com/members/membersblog/forecaster.php (click “next
week”)

We expect the market to rise next week with congestion and a slight up bias during the mid-week.

As previously mentioned, we have shifted to a bearish bias on the intermediate time frame.  Generally this means we will see larger down moves when they are occurring and smaller up moves. The coming week’s G-line appears to fit this theory with tighter upward ranges during this up cycle.

Volatility has been expanding this last week, which also supports the overall bearish viewpoint.

Keep an eye on reports/news as it will not take much to send the market lower with this likely gentle up bias in the coming week.

We advise keeping the risk control tighter on the up cycles (this week) and giving more breathing room on the down cycles (future weeks).

We expect continued downward bias tomorrow with likely rally attempts early to mid day.

More on Sunday

EMF Team

EMF Official Forecast

The official EminiForecaster forecast for the trading week ending August 20th is now posted.

We expect the market to decline next week.

http://eminiforecaster.com/members/membersblog/forecaster.php

The market has begun to face some sense of the reality that things are not going to just recover because we are borrowing our way out of it. This is sending the markets lower.  This is consistent with the current cycle.
This is not expected to occur without some retracement, so use caution and sell into rallies.

As previously mentioned, the 1084.50 area is a key level of resistance. If we break higher on good volume, then we could go higher, but if we do not, then the forecast should remain good.  Failures at or about this 1084 level are bearish and are good low risk entries. There is also support at the 1050-53 area. Below that we see 1013 as key, but are not confident that level can be reached in the coming week.

Volatility is expanding, which also supports the bearish viewpoint. The average daily range is around 17 S&P points.

As always, try to manage risk prudently and wait for the big winners.

Wishing you the very best,

EMF Team

EMF Tentative Forecast

The tentative EminiForecaster forecast for the trading week ending August 20th is now posted.

We expect the market to decline next week.

http://eminiforecaster.com/members/membersblog/forecaster.php (click “next week”)

The market has begun to face some sense of the reality that things are not going to just recover because we are borrowing our way out ot it. This is sending the markets lower.  This is consistent with the current cycle.   This is not expected to occur without some retracement, so use caution and sell into rallies.

Today the market tried to break back into yesterdays range and failed- This is also bearish and makes yesterday’s low of 1084.50 a key area of resistance.  The market is forming a distribution in the upper part of today’s range however, which would normally be bullish.  Failures at or about this level are bearish and are good low risk entries. There is also support at the 1053 area.

Volatility is expanding, which also supports the bearish viewpoint. The average daily range is around 17 S&P points.

As always, try to manage risk prudently and wait for the big winners.

More on Sunday

EMF Team

Sunday Forecast

The official EminiForecaster forecast for the trading week ending August
13th is now posted.

http://eminiforecaster.com/members/membersblog/forecaster.php

There are no changes to the forecast from Thursday. Forecast suggests that
we will pullback on Monday and the we expect the market to test resistance
of 1130 on the way up.

We saw the market follow our forecast last week pretty closely, Friday
unemployment numbers were disappointing but the market recovered buy the
end of the day suggesting that this rally isn't over.

Wishing you the very best, please exercise patience and do follow your
rules!

Rob, Vadim & Staff

Thursday Forecast

The tentative EminiForecaster forecast for the trading week ending August
14th is now posted.

http://eminiforecaster.com/members/membersblog/forecaster.php (click "next
week")

Market has been stuck in a tight range for the last 4-5 days, there is an
employment situation coming out tomorrow morning, considering market has
been that quite into it we anticipate and the forecast suggest a big
reaction, hopefully to the downside to complete the forecast.

Next week the forecast suggests that we will take a little break on Monday
and Tuesday and then resume this rally. We have been forming value above an
important support level above 1118.

More on Sunday.

As always, we try to manage risk prudently and wait for the big winners.

- EMF Team

Sunday Forecast

The official EminiForecaster forecast for the trading week ending August
6th
is now posted.

http://eminiforecaster.com/members/membersblog/forecaster.php

There are no changes to the forecast. We expect the market to test
resistance of 1115 and then down from there into Friday.

Friday's Unemployment news can move the market.

Wishing you the very best, please exercise patience and do follow your
rules!

Rob, Vadim & Staff