Monday, January 12, 2009

NIGHT WATCH - Tues, Jan 13th


After Monday's bearish slide, what do we have to look forward to for today?

The pivots are always a good place to start for an idea. Here's what the Pivots look like for tomorrow: 

ES Future's (S&P)
R3: 910.5
R2: 898
R1: 885.25
Pivot: 872.75
S1: 860
S2:847.5
S3: 834.75

E-Mini Dow Future's: 

R3: 8718
R2: 8633
R1: 8540
Pivot: 8455
S1: 8362
S2: 8277
S3: 8184

So judging by how they map out, the market looks to at least show some support tomorrow, bearing some random news story. Whether the market bounces, or continues its free fall, the key is to know what is going on under the hood. So remember, if the market seems erratic, watch the internals for the first sign of weakness or strength. 

Internals: $TICK - $AVOL/$DVOL - $TRIN - $ADVN/$DECN

Keeping a steady eye on these will help you keep your cool, and make this ride more fun. 

Happy trading

Daiz'on End







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