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Author: Scott Hoffman

Midsession Comments for 2/6

The unemployment report/payroll numbers were terrible again, but the markets are focusing on hopes for the economic stimulus package and hopes that China will help lead the world back to strength.President Obamadiscussed his...

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STI Watch List for 2/6

SPH- Triangle, 845 trendline resistance NQH- 1245 resistance DJH- 8046 trendline resistance JYH- Momentum buy day ECH- Momentum buy day CDH- 8015 support COH- Momentum sell short day. 2806, 2837 resistance KCH- Momentum sell...

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STI Watch List for 2/5

Stocks- Failed rally yesterday, more downside today? NQH- 1199 support USH- Bottoming? JYH- Downside break of trendline ECH- No reaction to ECB meeting? BPH- There it goes-14644 is next objective CDH- Still looking for a...

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Midsession Comments for 2/4

SPH- Good day for the bulls, 850 is resistance. Tomorrow will be a sell short day. NQH- It’s the ‘90s all over again-tech is in!124475 was the last swing high. USH- Messed around on both sides of the 12609 support...

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STI Watch List for 2/4

SPH- Resistance at yesterday’s high (839.75) to 841. NQH- 1210 should now be support USH-12609 is key support DXH- 8700 upside objective JYH- Breakout mode, look for a directional move. ECH- Good momentum sell short...

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Midsession Comments for 2/3

USH- Looks like the reversal action from last week Tues/Weds (1/27-1/28). Watch the 12609.0 low of the move. ECH- 13008 is Fib retracement resistance, tomorrow will be a momentum sell short day. SFH- Good breakout rally; the...

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STI Watch List for 2/3

SPH- Doji=directional move today? NQH- Momentum sell short day today.1199 resistance DJH- 7852 was last swing low. USH- Momentum sell short day today. 12830.5 resistance, 12720 support DXH- Lower swing high forming? SFH-...

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Midsession Comments for 2/2

NQH- Back from the dead, 1199 is Fib resistance. USH- Good rally on a breakout mode day. 12731 is first resistance for Trade or Fade, then 12814.5 is old low resistance. JYH- Back in the triangle, waiting for a move. ECH- Held...

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Soybean Trade Analysis and Recap

I’ve been watching the soybeans for a short sale the past couple of days; we had a good trade in them today. Below is the daily chart of March Soybeans.Today was a momentum sell short day for beans (see momentum in the...

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STI Watch List for 2/2

NQH- Trendline support at 1158.DJH- 7852 was last swing low.USH/TYH- Breakout coming.JYH- 11258 is Fib resistance.ECH- 12755 was last low.BPH- 14014 is Fib support.CDH- 8025 was Friday’s low.GCJ- 903.50 is Fib retracement...

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