February, 10 2011

Morning Brief by Anthony Crudele

We could not get above my resistance in the cash at 1326.70 and could not trade my resistance in the futures at 1323.75. That is
bearish. I believe that we might have formed a short term top. Today we may possibly open below my pivot at 1311.75 and that
should bring some sellers into the market. If trade cannot sustain trade above 1311.75 we should trade down to 1305.25 where
there is some support. I will be a small buyer there. If we hold trade above 1311.75 and hold we could push back up to 1318.50
where I will be seller. Watch the VIX to see if it trades above its 50 day m.a. at 17.28 because that would cause more selling to
come in the S&P. I kept the chart in from yesterday showing my resistance at 1326.70 in the cash because I think that area is very
important to the market right now. I will be looking to sell rallies today but I will not be stubborn to turn long if we cannot stay
below 1311.75.

S&P Cash Top of Value 131950

E-Mini Daily E-Mini Weekly
Weekly
Bottom of Value 131500
• 133150 • 134325 • 135710
• 132500 • 132400 • 131435 Point of Control 131850
• 131850 • 130475 • 127150 High Volume Bar 131550
• 131175 Pivot • 128550 Pivot • 122670Pivot
• 130525 • 126625 • 118570 Prior Day’s 131925
Settlement
• 129875 • 124700 • 114284
Average Trading 1512
• 129225 • 122800 • 109996
Range

10 Day Moving Average 130362 Prior Day High 132200

20 Day Moving Average 129527 Prior Day Low 131175
50 Day Moving Average 126714 Weekly High 132225
200 Day Moving Average 115004 Weekly Low 130600

Yearly High 2-8-2011 132225

Yearly Low 1-13-2011 125525
2010 Closing Price 125300
2011 Opening Price 125600
February, 10 2011

Source: CQG Inc. 2011 All rights reserved worldwide.