EminiForecaster Blog and Update History

Accurate Stock Market Forecasts for the Emini SP and other Futures

Archive for February, 2011

EMF Tentative

The tentative EminiForecaster forecast for the trading week ending March 4th 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 has followed the forecast well this last week as there has been a shift in the mood of the markets due to international issues. It is likely this mood may prevail for a while so, though the expected trend is up, it may not be without some attempts by the bears to maintain their control, so be cautious.

Volatility is on the rise and this is bearish. The market staged somewhat of a comeback today after testing the 1292 area. This area should act as support in the near term and a break above 1310 on volume and/or a closing basis is bullish.

That’s all for now- more on Sunday.

As always, manage risk prudently.

Wishing you the very best,

Rob, Vadim & Staff

EMF Tentative / Official Forecast

The official EminiForecaster forecast for the trading week ending February 25th is now posted.

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

We expect the market to decline next week all week. This is a long cycle and should continue until approximately the 25th of the month.

The bulls remain strong and it has bucked the cycling.  There does not seem to be any news that is bad news as the rally continues. In absence of any catalyst to downside motion, it is likely best to buy the dips and benefit from the resulting recovery moves. Daily ranges are quite small, which makes many types of trading difficult.  As a result, it is best to remain tight on risk management.

The current forecast is not panning out, though the daily alerts have been making up for it to a large extent. Trying to buy at or around globex lows has been a good strategy and caught almost the entire range today and was backed by the alert this morning.

The current trend has been very tight on variance and as a result the only discernable support or resistance is the intraday S/R as mentioned above. Volume has also been declining in recent days as we test new highs. This patterning can be a set-up for some downside action, so also keep that in mind.

Monday is a holiday.  Please disregard the Monday price action on the Gline. This will also be the official forecast for next week.

As always, manage risk prudently.

Wishing you the very best,

Rob, Vadim & Staff

EMF Official Forecast

The official EminiForecaster forecast for the trading week ending February 18th 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 most of the week.

Bernanke is talking up possibility of more quantitative easing and we are still in a bull mode, however our models suggest that we are going to take a break from this rally next week.

Expect resistance in the 1330-1340 area and support in the 1308 area.
Volatility has been low in the last couple weeks so unless some unexpected news comes out, things should be fairly quiet.

As always, manage risk prudently.

Wishing you the very best,

Rob, Vadim & Staff

Thursday Forecast

The tentative EminiForecaster forecast for the trading week ending February
18th is now posted.

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

We expect the market to decline next week most of the week.

Bernanke is talking up possibility of more quantitative easing and we are
still in a bull mode, however our models suggest that we are going to take
a break from this rally next week.

Market has been stuck in a range this week with an up bias as was
forecasted by the G-line.

For tomorrow we are seeing support in the 1308 area and resistance at
1322.

As always, manage risk prudently.

More on Sunday.

Wishing you the very best,

Rob, Vadim & Staff

EMF Official Forecast

The official EminiForecaster forecast for the trading week ending February 11th is now posted.

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

There are no changes to the forecast. We expect the market to continue to rise next week all week.

We did see the market close at new mid term highs. Consequently, the forecast is unchanged and we should likely see the market go higher. If we see a worsening of the conditions in the middle East however, we could see some downside. We could particularly see some downside early in the week.
Since this is a continuation cycle however, many members should be well positioned already. If this is the case, it is best to preserve profits to the 1292 area as previously mentioned.

We are seeing resistance in the coming week at 1335 area and support in the
1292 area. A break of the 1292 area on volume is decidedly bearish.

Wishing you the very best,

Rob, Vadim & Staff

Eminiforecaster Tentative Forecast

The tentative EminiForecaster forecast for the trading week ending February 11th is now posted.

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

We expect the market to continue to rise next week all week.

It makes me a bit nervous to have this cycle being up into the end of next week while we are toying with multi-week highs. But this is what we are seeing right now on the forecast. I do have confidence at this time that the forecast is good, however, it is wise to protect your equity, particularly below the 1292 area. Last week’s Egypt scare, which continues, is looming in the background and traders shrugged it off, as they have done with every other thing that has come up in the last couple years.  It seems we are due for some volatility and last Friday was likely just a taste of what is to come (at some point).

For right now however, we are seeing resistance in the 1306 area and support in the 1292 area. A break of the 1306 area on volume is decidedly bullish.  It will be interesting to see if we can accomplish that tomorrow and going into the weekend.

More on Sunday

Wishing you the very best,

Rob, Vadim & Staff