EminiForecaster Blog and Update History

Accurate Stock Market Forecasts for the Emini SP and other Futures

Archive for January, 2012

EMF Official Forecast

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

There are no changes to the forecast.

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

We expect the market to continue its pullback into mid week and then rise from there.

Current week’s forecast was exacerbated by the Fed action of offering more free money to the wealthy for the next 2 years, but the down bias is coming into play now and the forecast expects that to continue for a while as shown.

Key areas as of this writing are the 1297 area to the downside. In the event we get below that, the 1280 area is also a magnet price area.  To the upside the 1319.50 area and 1330 area stands as a key upper value area.

Wishing you the very best,

EMF Team

EMF Tentative Forecast

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

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

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

Current week’s forecast was exacerbated by the Fed action of offering more free money to the wealthy for the next 2 years, but the down bias is coming into play now and the forecast expects that to continue for a while as shown.

Key areas as of this writing include 1308.25 and the 1297 area. To the upside the 1230 area stands as a key upper value area.

More on Sunday

Wishing you the very best,

EMF Team

Thursday Forecast

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

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

We expect the market to pullback a bit in the beginning of the week and
then continue higher.

Current week's forecast is right on and we expect resistance to come in at
1315 level and support at 1302.

If we trend to tomorrow we can see 1320 or early next week.

Today was a very tights range day though outside of the previous day
range, still could set up for a higher range day tomorrow.

Next week we expect lows to come in at 1276.25, 82.75 and 95.50. Highs can
come in at 1320 as mentioned but also depends on what we do tomorrow. We
only have Existing Home Sales tomorrow at 10am as far as news go.

More on Sunday

Wishing you the very best,

EMF Team

Thursday Forecast

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

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

We expect the market to pullback a bit in the beginning of the week and
then continue higher.

Please note that Monday is a MLK day and markets will be closed.

We are not seeing the market decline this week as was projected and we
could see 1296.75 tomorrow.

Next week we expect lows to come in at 1289-85 level and could go as high
as 1300-1304 levels.

The daily trading range has been contracting lately so you have to adopt
your strategy to that fact.

More on Sunday

Wishing you the very best,

EMF Team

EMF Official Forecast

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

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

There are no changes to the forecast.

The daily ranges and daily volume has been quite low this last week as the market seemed to struggle to go higher following a large gap up on Tuesday AM in what was a short trading week due to closure Monday. We tested the 1280 level several times and seemed to reject there.  Consistent with the forecaster then, we see the market down next week.  We also expect some good range expansion this coming week from what we have seen so far this year.

This last week the forecast was on target again, hitting the low Thursday AM.  Though we had a large gap up on Tuesday and the market managed to trade only down enough to close the gap while leaving a lapse on the chart (did not return to last year’s close). This is bullish, however we also hover at multi-month highs.  We will need substantial upside volume to get through the 1280 level. So, the 1280-85 area should stand as resistance.

The year to date volume has been below average and the range is quite contracted at less than a percent per day.  Having risen on such low volume is bearish.  But because it has held, it suggests some well capitalized interests have defended it going lower.

To the downside, we are still seeing 1256.50 as a likely substantial buy point. Below that, we are seeing 1245.50 area as key. So keep an eye on those levels.

With contracting ranges, it can be tricky to predict ranges.  Usually range expansion will follow such range contraction unless a bull market is on, but that is not likely the case.

Wishing you the very best!

EMF Team

EMF Official Forecast

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

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

There are no changes to the forecast.

The daily ranges and daily volume has been quite low this last week as the market seemed to struggle to go higher following a large gap up on Tuesday AM in what was a short trading week due to closure Monday. We tested the 1280 level several times and seemed to reject there.  Consistent with the forecaster then, we see the market down next week.  We also expect some good range expansion this coming week from what we have seen so far this year.

This last week the forecast was on target again, hitting the low Thursday AM.  Though we had a large gap up on Tuesday and the market managed to trade only down enough to close the gap while leaving a lapse on the chart (did not return to last year’s close). This is bullish, however we also hover at multi-month highs.  We will need substantial upside volume to get through the 1280 level. So, the 1280-85 area should stand as resistance.

The year to date volume has been below average and the range is quite contracted at less than a percent per day.  Having risen on such low volume is bearish.  But because it has held, it suggests some well capitalized interests have defended it going lower.

To the downside, we are still seeing 1256.50 as a likely substantial buy point. Below that, we are seeing 1245.50 area as key. So keep an eye on those levels.

With contracting ranges, it can be tricky to predict ranges.  Usually range expansion will follow such range contraction unless a bull market is on, but that is not likely the case.

Wishing you the very best!

EMF Team

EMF Tentative Forecast

The Tentative EminiForecaster forecast for the trading week ending Jan 13th is now posted.

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

Each year we go through this shortened week phase at the new year.  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.

This last week the forecast was on target again, hitting the low this morning.  Though we had a large gap up on Tuesday and the market managed to trade only down enough to close the gap while leaving a lapse on the chart (did not return to last year’s close). This is bullish, however we also hover at multi-month highs.  We will need substantial upside volume to get through the 1280 level. So, the 1280-85 area should stand as resistance.

The year to date volume has been below average and the range is quite contracted at less than a percent per day.  Having risen on such low volume is bearish.  But because it has held, it suggests some well capitalized interests have defended it going lower.

To the downside, we are still seeing 1256.50 as a likely substantial buy point.  Below that, we are seeing 1245.50 area as key.

With contracting ranges, it can be tricky to predict ranges.  Usually range expansion will follow such range contraction unless a bull market is on, but that is not likely the case.  As previously mentioned, holiday markets can give control to one side in the absence of the other.

More on Sunday -

Wishing you the very best and Happy New Year!

EMF Team