Futures Weekly Review and Whats Ahead

Hi everyone,

  I hope you've had a great trading week. I've been out of town some with the family enjoying friends in Gatlinburg, TN. Well FOMC is behind us with the Fed printing more money and keeping interest rates low for awhile and Fridays Options Expiration chop is over. So here we are in the indices sitting at all time highs in the S & P and I believe we are going higher. Look to buy pull backs at the 21 EMA-- Don't know if you bought any shares of Alibaba today but what a ride from $68/share, all the way up to $98, $99/share with today's move!  GC Gold hit targets at 1218 level but looks to go lower.  I'm hoping to see some recovery with ZB 30 yr Bond moving back higher after this steep move down. So be careful in bonds right now and lets wait for some good setups, never chase'em!

have a relaxing weekend!

-david

Futures Weekly Review and What's Ahead for Next Week

Well this week we saw fridays NFP numbers come in with a lower jobs number but unemployment dropping to 6.1% and the markets rallied with that info to move higher. The ES closed on Friday at a all time high of 2006.00 and continues to look strong.

This next week I'm expecting more volume and liquidity in the markets as more traders are back trading and ready to roll no pun intended on Sept 11th to the December contract. I still believe the treasuries will move higher as the ZB 30 yr Bond looks to head higher after this pull back into 138"22.  GC gold contract looks to head a little lower before there should be some buyers and greater support found at around the 1200 level before pushing a little higher.

This next week is a lighter on the news coming out but that doesn't mean less volatility as we should start seeing some nice moves as we head into the Fall.

Happy Trading,

-david