EminiForecaster Blog and Update History

Accurate Stock Market Forecasts for the Emini SP and other Futures

Archive for December, 2011

EMF Tentative / Official Forecast

The Tentative/Official EminiForecaster forecast for the trading week ending Jan 6th is now posted.

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

Another short week next week.  So we are generating forecasts on shortened data and a low volume market which is typical of this time of year.  Monday the markets are closed.

We again expect the market to decline into the mid-week area next week and then begin to rise from there.

We did not make it to the target I expected of 1231.50 area – possibly due to the shortened time which I did not fully consider when doing the forecast last week. That point still stands as a major area for buying (at some point in the future), but we have developed another key area at the 1245.50 area. So, I will expect to see that in the next down cycle.

As previously mentioned, beware of holiday market action where one side can take control in the absence of the other in a potentially low volume environment.

Aside from not getting all the way to our intended target, the current forecast has been on target in time.

Key areas to watch for are the 1272 area.  Based on volume analysis, we would expect to see selling sufficient to get a bit of a downtrend going from this level.  To the downside, the 1245.50 area is key and should attract some good buying at those levels.

The market closes at the regular time tomorrow but is closed on Monday Jan 2, 2012 and reopens for the Globex session at 5AM on Tuesday.  So disregard the data on the forecaster for Monday.

Due to the holiday, this also constitutes the official forecast for next week. If I see something that might be of benefit, I will send it out though.

Wishing you the very best and Happy New Year!

EMF Team

EMF Tentative / Official Forecast

The Tentative/Official EminiForecaster forecast for the trading week ending December 30th is now posted.

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

We expect the market to decline into the mid-week area and then begin to rise from there.

Beware of holiday market action where one side can take control in the absence of the other in a potentially low volume environment.

The current forecast has been on target and we hit our upper target today.

We are currently hovering at the key target area (ie. 1251).  To the downside, the 1231.50 area is key and should attract some good buying at those levels.

As previously mentioned. We are coming into the holidays. so markets may thin out as people start to vacation. Friday (23rd) is a regular close and Monday the 26th is closed. Today the market was thin compared to usual volume as we advanced on low volume.

The market closes at the regular time on Friday Dec 30th but is closed on Monday Jan 2, 2012 and reopens for the Globex session at 5AM on Tuesday.

Due to the holiday, this also constitutes the official forecast for next week. If I see something that might be of benefit, I will send it out though.

Wishing you the very best and Happy Holidays!

EMF Team

EMF Official Forecast

The official EminiForecaster forecast for the trading week ending December 23rd is now posted.

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

We expect the market to rise for the better part of the week next week.

We particularly expect the uptrend to take full force if we see the 1194-1197 area first.

We are currently seeing upside potential to around the 1235 area.  There is also a virgin/magnet price at the 1249 area that will likely manifest at some point.

We are coming into the holidays. so markets may thin out as people start to vacation. Friday (23rd) is a regular close and Monday the 26th is closed.

Wishing you the very best,

EMF Team

EMF Tentative Forecast

The Tentative EminiForecaster forecast for the trading week ending December 23rd is now posted.

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

We expect the market to rise for the better part of the week next week.

The current forecast has been on target. Beware we might see some buying coming in tomorrow especially if we get to the 1197 to 1194 area.

We are currently seeing upside potential to around the 1235 area.

We are coming into the holidays. so markets may thin out as people start to vacation. Friday (23rd) is a regular close and Monday the 26th is closed.

More on Sunday.

Wishing you the very best,

EMF Team

EMF Official Forecast

The Official EminiForecaster forecast for the trading week ending December 16th is now posted.

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

There are no changes to the forecast. We expect the market to rise into mid week and then decline from there.

Last week’s forecast was on target. We hit a key level on Friday at the 1251 area (mentioned Thursday).  Above this we have 1268 and the 1272 areas. Expect to see substantial selling at these levels.

To the downside we has the 1208 area, which should trigger strong buying. The 1225 area is also key.

As previously mentioned, use caution as this is a news driven market. Cycles often have less influence when a market is not trading on its own. It is important to combine your trading with key support and resistance areas and put on trades in these areas to attempt to reduce risk.

Wishing you the very best,

EMF Team

EMF Tentative Forecast

The Tentative EminiForecaster forecast for the trading week ending December 16th is now posted.

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

We expect the market to rise into mid week and then decline from there.

The current forecast has been on target. Beware we might see some buying coming in tomorrow after hitting a key low level today.

As previously mentioned, use caution as this is a news driven market. Cycles often have less influence when a market is not trading on its own. It is important to combine your trading with key support and resistance areas and put on trades in these areas to attempt to reduce risk.

Some key areas we are seeing as of right now are the 1251 area to the upside. To the downside we are seeing the 1208 area. This has been a key area for quite some time, going back to 11/18. So when hit, expect major buying there.

For tomorrow, we see 1223 to 1236.50 as a basic zone. Above this, 1243.50 and 1251 are key areas.

Because of the contract roll today to the new front month (Mar2012), volume today was hard to read.

As previously mentioned, use caution as rallies may be swift as late-to-enter/trapped shorts get squeezed out.  Since we are near the low of the range, selling for longer term and swing trading may not be the best move. Trading in the shorter term is likely best.

Wishing you the very best,

EMF Team

Sunday Forecast

The official EminiForecaster forecast for the trading week ending December
9th is now posted.

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

There no changes to the forecast this week from Thursday. We expect the
market to decline next week starting after a possible push on Monday.

Market this week has decided to move back to November range/value area.

This month is December so we expect lower volume going into holidays.

This week we are looking for the highs to come in at 1264-66 area and on
the downside around 1237-1230 area.

More on Sunday

Wishing you the very best,

EMF Team

Thursday Forecast

The tentative EminiForecaster forecast for the trading week ending December
9th is now posted.

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

We expect the market to decline next week starting after a possible push
on Monday.

Market this week has decided to move back to November range/value area.

This month is December so we expect lower volume going into holidays.

This week's forecast is a bit off though we still forecasted higher prices
by the end of the week we expected a pullback but we opened with a 40 point
gap up on Monday and just took off from there.

Tomorrow 1248.75 is first resistance and if we start to move down our
first target would be 1237 and then 1230 levels. Watch those levels
tomorrow as they can become very important throughout the day.

Next week we are looking for the highs to come in at 1256-58 area and on
the downside around 1230-1220 area.

More on Sunday

Wishing you the very best,

EMF Team