February, 17 2011

Morning Brief by Anthony Crudele

The average trading range continues to shrink every day. This is happening due to lack of volume and the VIX just hanging around
15-17. Although yesterday’s volume was o.k. we still cannot make a reasonable trading range. You have to be very patient when it
trades like this. The support and resistance numbers for today are really tight. I will be a seller in front of 1332.50 looking for us to
trade down to 1328.00, where I will be a buyer. If we hold trade above 1332.50 we should trade up to 1337.00 and then possibly
1341.50. Failing to hold 1328.00 should take us down to 1323.75 or even 1319.25. We have Ben Bernanke speaking today along
with data from Philly Fed and Leading Indicators. I will staying on the sidelines until this data is out.

S&P Cash Top of Value 133500

E-Mini Daily E-Mini Weekly
Weekly
Bottom of Value 133100
• 134150 • 136525 • 136180
• 133700 • 134125 • 134025 Point of Control 133100
• 133250 • 131775 • 131890 High Volume Bar 133475
• 132800 Pivot • 129425 Pivot • 129754 Pivot
• 132375 • 127075 • 127619 Prior Day’s 133300
Settlement
• 131925 • 124725 • 125483
Average Trading 1017
• 131475 • 122375 • 123348
Range

10 Day Moving Average 132297 Prior Day High 133600

20 Day Moving Average 130675 Prior Day Low 132575
50 Day Moving Average 127831 Weekly High 133600
200 Day Moving Average 115509 Weekly Low 132450
Source: CQG Inc. 2011 All rights reserved worldwide.

Yearly High 2-16-2011 133600

Yearly Low 1-03-2011 125525
2010 Closing Price 125300
2011 Opening Price 125600