February, 14 2011

Morning Brief by Anthony Crudele

I was wrong about the market struggling to get through 1326.70 in the cash on Friday. There was good volume when we took out
1326.70 in the cash which tells me that some stops were set off getting shorts out. The market is very strong and continues to
baffle the shorts. There is no consolidation on any of these rallies. We just keep going higher making a range for the year. Today I
am bullish as long as trade stays above 1320.50-1319.00. The market hit resistance at 1330.50 overnight so we might go back and
test the pivot at 1320.50. I will be a buyer there but we left single ticks from Friday from 1320.25 to 1319.25 so I will be a buyer
down to 1319.25. The bottom of value from Friday was also 1319.00 so there are a couple reasons why there should be support in
this area. Failure to hold that area we could trade down to support at 1310.25 which would test Friday’s low of 1310.00. No data
today.

S&P Cash Top of Value 132850

E-Mini Daily E-Mini Weekly
Weekly
Bottom of Value 131900
• 135000 • 136525 • 134750
• 134125 • 134125 • 133544 Point of Control 131450
• 133075 • 131775 • 132670 High Volume Bar 132350
• 132050 Pivot • 129425 Pivot • 131144Pivot
• 131025 • 127075 • 129943 Prior Day’s 132725
Settlement
• 129975 • 124725 • 128744
Average Trading 1267
• 128950 • 122375 • 127550
Range

10 Day Moving Average 131425 Prior Day High 132875

20 Day Moving Average 129954 Prior Day Low 131000
50 Day Moving Average 127163 Weekly High 132875
200 Day Moving Average 115231 Weekly Low 130600

Yearly High 2-12-2011 133050

Yearly Low 1-13-2011 125525
2010 Closing Price 125300
2011 Opening Price 125600
February, 14 2011

Source: CQG Inc. 2011 All rights reserved worldwide.