EminiForecaster Blog and Update History

Accurate Stock Market Forecasts for the Emini SP and other Futures

Archive for October, 2010

EMF Official Forecast

The official EminiForecaster forecast for the trading week ending November 5th 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 all week.  Expect some volatility however as we have elections and Fed Quantitative Easing 2 (QE2).

We expect to see support at the 1155 and 1167 areas.  Resistance at 1193 and 1207.  As mentioned previously, some volatility could come into play this week so try to manage risk prudently by decreasing allocation as ranges expand.

Wishing you the very best,

Rob, Vadim & Staff

Tentative

The tentative EminiForecaster forecast for the trading week ending
November 5th is now posted.

http://eminiforecaster.com/members/membersblog/forecaster.php  (click
"Next Week")

We expect the market to rise next week all week.  Expect some volatility
however as we have elections, GDP and Fed Quantitative Easing 2 (QE2).

The market has been following the forecast this week, though we are not
getting the forecasted downside as much today. As mentioned previously, the
bulls are likely defending the downside in this down cycle.

Tomorrow we will likely see trading bounded by the 1162 and 1197 areas.
More on Sunday.

As always, manage risk prudently and position yourself to get caught in
bigger moves.

Wishing you the very best,

Rob, Vadim & Staff

Sunday Forecast

The official EminiForecaster forecast for the trading week ending October
29th is now posted.

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

There are no changes to the forecast.  We expect the market to decline
next week.

Key resistance is at 1194.50 and 1207 to the upside.  To the downside we
are seeing 1164 and 1154.

As always manage risk as a first priority. This is a down cycle, but the
bulls will not likely give it up easily without something to precipitate
the down move.

Wishing you the very best,

Rob, Vadim & Staff

EMF Official Forecast

The official EminiForecaster forecast for the trading week ending October 29th is now posted.

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

There are no changes to the forecast.  We expect the market to decline next week.

Key resistance is at 1194.50 and 1207 to the upside.  To the downside we are seeing 1164 and 1154.

As always manage risk as a first priority. This is a down cycle, but the bulls will not likely give it up easily without something to precipitate the down move.

Wishing you the very best,

Rob, Vadim & Staff

Thursday Forecast

The tentative EminiForecaster forecast for the trading week ending October
29th is now posted.

http://eminiforecaster.com/members/membersblog/forecaster.php  (click
“Next Week”)

We expect the market to decline next week all week with some upside the
first couple of days to trade the longs in before the sell off.

The market is moving higher to sideways as our G-line forecast suggest
this week.

The market is showing signs of weakness and cracks. The forecast suggests
a down week.

Tomorrow is Friday with no news, could be pretty slow. More on Sunday.

Wishing you the very best,

Rob, Vadim & Staff

EMF Official Forecast

The official EminiForecaster forecast for the trading week ending October 22nd 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 all week.

The market did decline earlier in the week as predicted, however the Gline was not followed as the week progressed.  Various news stories worked against us and putting  foreclosures on hold (after the worst month ever in September of 100,000 foreclosures), got the market rallying.

The bulls are in control and will likely push the market higher for another week. Much of our Gline data is relatively flat, so we do not anticipate particularly large ranges to the upside. Be cautious, as we have been saying for quite a while, of sudden news driven declines.

We see support at the 1152 and 1162 areas, and resistance at 1193 to 1200.

Wishing you the very best,

Rob, Vadim & Staff

Thursday Forecast

The tentative EminiForecaster forecast for the trading week ending October
22nd is now posted.

http://eminiforecaster.com/members/membersblog/forecaster.php  (click
“Next Week”)

We expect the market to rise next week all week.

The market did decline earlier in the week as predicted, however the
G-line was not followed as the week progressed. Various news stories worked
against us and putting  foreclosures on hold (after the worst month ever in
September of 100,000 foreclosures), got the market rallying.

The bulls are in control and will likely push the market higher for
another week. Much of our G-line data is relatively flat, so we do not
anticipate particularly large ranges to the upside. Be cautious, as we have
been saying for quite a while, of sudden news driven declines.

For tomorrow, we are probably seeing some selling earlier in the day (up
through around 11AM Eastern), followed by buying.  We also see some
potential selling in the afternoon hours with likely support and resistance
at 1181 and 1168.

Wishing you the very best,

Rob, Vadim & Staff

EMF Tentative Forecast

The tentative EminiForecaster forecast for the trading week ending October 22nd is now posted.

http://eminiforecaster.com/members/membersblog/forecaster.php  (click “Next Week”)

We expect the market to rise next week all week.

The market did decline earlier in the week as predicted, however the Gline was not followed as the week progressed.  Various news stories worked against us and putting  foreclosures on hold (after the worst month ever in September of 100,000 foreclosures), got the market rallying.

The bulls are in control and will likely push the market higher for another week. Much of our Gline data is relatively flat, so we do not anticipate particularly large ranges to the upside. Be cautious, as we have been saying for quite a while, of sudden news driven declines.

For tomorrow, we are probably seeing some selling earlier in the day (up through around 11AM Eastern), followed by buying.  We also see some potential selling in the afternoon hours with likely support and resistance at 1181 and 1168.

Wishing you the very best,

Rob, Vadim & Staff

Sunday Forecast

The official EminiForecaster forecast for the trading week ending October
15th is now posted.

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

There are no changes to the forecast. We expect the market to decline next
week all week.  It is likely a good part of the downside will occur earlier
in the week with some range trading as the week progresses.

The market has continued to test resistance going higher even in the face
of less than desirable results in the reports.  Be cautious next week as
the bulls might not be willing to give up ground easily.  Therefore,
downside moves may be abrupt. The news media has continued to spin negative
reports as positive. For example, yesterday the ADP jobs data showed a loss
of 39,000 jobs while the expected levels were a gain of 20,000, yet the
market was not able to sustain much downside before the bulls came in and
made the day overall neutral.  By keeping an eye on how the market responds
to these reports, we can get a feel for the overall mood of the market in
the shorter term we trade on.

Support and resistance areas we see are 1167 and 1178 to the upside.  To
the downside we are seeing 1140 and 1127.

As always, manage risk prudently and attempt to sell near highs
(resistance) and buy near lows (support).

Wishing you the very best,

Rob, Vadim & Staff

EMF Official Forecast

The official EminiForecaster forecast for the trading week ending October 15th is now posted.

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

There are no changes to the forecast. We expect the market to decline next week all week.  It is likely a good part of the downside will occur earlier in the week with some range trading as the week progresses.

The market has continued to test resistance going higher even in the face of less than desirable results in the reports.  Be cautious next week as the bulls might not be willing to give up ground easily.  Therefore, downside moves may be abrupt. The news media has continued to spin negative reports as positive. For example, yesterday the ADP jobs data showed a loss of 39,000 jobs while the expected levels were a gain of 20,000, yet the market was not able to sustain much downside before the bulls came in and made the day overall neutral.  By keeping an eye on how the market responds to these reports, we can get a feel for the overall mood of the market in the shorter term we trade on.

Support and resistance areas we see are 1167 and 1178 to the upside.  To the downside we are seeing 1140 and 1127.

As always, manage risk prudently and attempt to sell near highs (resistance) and buy near lows (support).

Wishing you the very best,

Rob, Vadim & Staff