GAFNN.com Blog

 The weekly chart shows how the bullishness of the index has been limited when it approached the resistance of the upside channel that carried the movements over medium term basis. ...

The USDJPY pair declined yesterday sharply to break the critical support levels mainly the 79.50 level, and now settled below it, and this what brings the price back to the bearish scenario. ...

The major long term bullish direction has been stopped at the historical high of 0.8841 where the pair reversed down achieving the above seen correction.  ...

Gold price approached near the main waited target around the critical support level of 1522.50, where trading now bounced to settle near 1550.00 that was retested yesterday. ...

By examining the daily chart, we will find that the pair has breached the resistance line of the bearish trend which was organized by the above seen descending channel. ...

We can see obviously that the low volumes are affecting the markets as the tight ranges dominate the trading. Cautious required now, as we might witness some sudden profit taking actions that might cause sharp trading. ...

The Dow Jones is settling above 12000 level and succeeded to achieve daily close above it More upside targets expected, next main target located around 12720 ...

The pair is approaching critical resistance level at 1.5775 , as this level represents proposed neckline of bullish pattern that has upside targets might reach up to 1.6130 For more details, please review the Daily Technical Analysis page for detailed analysis of the pair. ...

The US Dollar Index is heading south to trade again below 80.00 level We believe next target might be located around 78.75   ...

The pair breached up the 1.3040 retest level which might lead into more upside actions. Daily close above this level will confirm more bullish bias towards 1.3200 as a first target ...

The last week we were bearish E-Mini S&P500 futures, we indicated the 1,265 – 1,270 area as a potential profit target and our volatility-based projection proved extremely accurate once again. In particular, the market opened at 1,285 it dropped to 1,277 on Wednesday and, although it touched 1,287 on Thursday, futures prices plummeted and settle ...

The VIX was expected to rise in value and the big gap up between the 3rd of June closing and the 6th of June opening proved our forecast were correct. The market opened at 18.4% dropped to 18% on Tuesday, rallied to 18.7% on Wednesday whilst it plummeted once again to 17.7% on Thursday and closed to 18.8% on Friday. The volatility is now at 6.8% ...

We were bearish E-Mini Nasdaq futures and we forecasted an end-of-week price around the 2,235 – 2,240: our analysis proved accurate once again. Particularly, futures prices opened at 2,274 plummeted to 2,248 on Wednesday, rose to 2,252 on Thursday and closed at 2,222 on Friday The actual volatility is 1.4% (22.2% annualised) and the TGARCH curve ...

The bullish forecast we gave you the last week proved to be very good and precise because the VXN opened at 19.5% (which was our initial target) it touched 19.9% on Wednesday, it plunged to 19.1% on Thursday and closed at 19.5% on Friday The volatility of the VXN Index at first rose and achieved 9% (31.1% monthly) but in the very last part of the ...

The last week we were bearish the DJ EuroStoxx50 and we proposed the 2,730 area as a good profit target for a potential short position; our analysis were very good once again. In fact, the Index opened at 2,741 (2,784 was the closing price 2 weeks ago) it dropped to 2,738 on Wednesday and, although it rallied to 2,782 on Thursday, DJ EuroStoxx50 fu ...

Just because you know how to use Google search and have a gmail account doesn't mean you should try and trade the stock today. GOOG is a ticker symbol best left to the pro's because thats who you will trading against if you venture into that name today. Day trading requires you to find a stock being moved but it has to fit your skill level or bad t ...

After looking back on my adventures and experiences on Wall Street one thing is certain. If my life was a movie I wouldn't believe it's true and you would think it's fiction not fact. Previewing my experiences I can see similarities between the "Trash" on Wall Street and the absolute reason our economy is in a recession. Some of the ...

This "Big Shark" is a former major league baseball player.  Even mentioned by Jim Cramer who had him write an investing column for the street.  I received a call from an old friend of mine all excited about his new friends telling me that he knows a "Big Shark" in finance and he really wanted me to meet him as he could help me based o ...

We all know and love the gadgets that AAPL, Inc. puts out on a regular basis.  Although I am a PC guy, who does not love the look and feel of the newest IPOD or the user friendly nature of carrying around a sleek IPAD!  These items are not just functional but beautiful and are a status symbol for the cool in all of us.  But you know ...

As a 20 year trader I have picked up on patterns in the stock market and one such pattern which I fully subscribe to is that Fridays tend to reverse the dominant trend from the week.  With this holiday shortened week behind us and a 22 handle rally in the S&P 500 in just three trading days leads me to believe that today will produce a nega ...

Technical Snapshot on Crude Oil chart for today 27-Dec.-2011 ...

Technical Snapshot on Silver chart for today 27-Dec.-2011 ...

Technical Snapshot on Gold chart for today 27-Dec.-2011 ...

Online Trading Tool:  Pit IQ (Pit Intelligence) - Daily Online Trader Access to Trading Key Strategies, Setups & Levels live from the CME Trading Floor (Pits) in Chicago. Tuesday 03/27/12 – Key Futures Trading Levels via CME Pit IQ Equity Futures:... ...

Online Trading Tool:  Pit IQ (Pit Intelligence) - Daily Online Trader Access to Trading Key Strategies, Setups & Levels live from the CME Trading Floor (Pits) in Chicago. Tuesday 03/06/12 – Key Futures Trading Levels via CME Pit IQ Equity Futures:... ...

Online Trading Tool:  Pit IQ (Pit Intelligence) - Daily Online Trader Access to Trading Key Strategies, Setups & Levels live from the CME Trading Floor (Pits) in Chicago. Monday 02/13/12 – Key Futures Trading Levels via CME Pit IQ Equity Futures:... ...

Online Trading Tool: Pit IQ (Pit Intelligence) - Daily Online Trader Access to Trading Key Strategies, Setups & Levels live from the CME Trading Floor (Pits) in Chicago. Tuesday 02/07/12 – Key Futures Trading Levels via CME Pit IQ Equity Futures:... ...

Online Trading Tool: Pit IQ (Pit Intelligence) - Daily Online Trader Access to Trading Key Strategies, Setups & Levels live from the CME Trading Floor (Pits) in Chicago. Wednesday 02/01/12 – Key Futures Trading Levels via CME Pit IQ Equity Futures:... ...

Overview: China’s influence on global markets was readily apparent this past week as signs of their economic slowdown weighed heavily on markets. Everything from food to industrial materials was impacted negatively. The People’s Bank of China announced it had reduced reserve requirements again for the third time in six months in order to support le ...

Overview: "Clueless in Seattle" was a comedic movie but the current "episode" of "Clueless in Washington" is not so funny. Once again, as I have stated in the past, the concept of a "jobless recovery" is a "bad joke". "Unemployed consumers do not consume" and the manufacturers of those unconsumed products will be next to lay off workers. On Thursd ...

Overview: The ongoing rhetoric emanating from the Global media and the various Governmental Administrations remains optimistic even against a plethora of information to the contrary. One glaring example and the latest in a list of debt crisis victims is Spain where the unemployment rate is 25% and where austerity programs are causing protests. It ...

Overview: Friday the 13th lived up to its name for equity investors. For the rest of us the week provided real concerns related to the ongoing Euro zone crisis with Spain the latest "victim". The additional funds needed to avoid defaults is growing with our expectation that at some point the "prosperous" nations will soon have to cut off the fundi ...

Overview: On Friday markets received a "wake up call" as the job "creation" number was only 120,000 against anal-yst expectations for a gain of over 205,000. Yields on treasuries dropped as treasury bonds rallied sharply. An enigma persists in as much as regardless of the number of jobs "created" in a month, each Thursday the unemployment figure of ...

I recommended a buy on Natural Gas it failed to make a bearish breakout on the yearly profile and i now expect it to trade back to the zonetrader pivot at 2.877. Hold onto the long position, if flat look to buy selloffs. ...

THE NON FARM PAYROLLS CAME OUT WORSE THEN EXPECTED THIS AM. THE CONSENSUS WAS 170K THE ACTUAL WAS 115K. WE LOOK FOR A DEVIATION OF 35K ABOVE OR BELOW THE CONSENSUS. IN THIS CASE THE NUMBER CAME OUT MORE THEN 35K BELOW THE CONSENSUS AND WE THEN EXPECT HEAVY SELLING IN THIS MARKET. LOOK FOR CONTINUE SELLING NEXT WEEK WITH DOWNSIDE TARGETS AT 1340 ...

The eurusd is attempting to make a bearish breakout on the year and the quarter. Look for sells on short to medium term charts. April jobs report came out this a.m. it was worse then expected. The expected was 170k and the number was 115k. We look for a deviation of 35k above or below the expected number. This suggest the u.s. economy is slowi ...

ISM non manufacturing came out today worse then expected. The ESM12 has now broken below the Zone-Trader pivot on the weekly profile at 1396.00. Look for sells in this price area with a target at the 1387.00 price area. ...

THE ES REMAINS STUCK INSIDE THE PERSISTENCE ZONE ON THE WEEKLY PROFILE TOP AT 1408.25 AND BOTTOM IS AT 1387.50. BULLS AND BEARS ARE FIGHTING FOR CONTROL OF THE MARKET ON THE WEEK AND IT SHOULD REMAIN EXTREMELY VOLATILE. A NEW MONTHLY PROFILE IS FORMING CURRENTLY UNTIL IT COMPLETES AND PLOTS THE NEW LEVELS WE HAVE TO FOCUS 0N THE CURRENT ZT PIVOT ...