February, 24 2011

Morning Brief by Anthony Crudele

We now closed below my weekly pivot of 1308.25 which tells me we are heading to test support at 1286.25. We also have the 50
day m.a. in the same are at 1286.88. The markets were higher until the open of the Middle East markets. I am keeping all ears on
the news listening for any changes on the Middle East. Although news is the key driver in this market right now I still need to watch
technical levels for my entry points. We have resistance at 1303.75 and single ticks from 1301.50 up to 1303.50. I will be seller in
the single ticks up to 1303.75. We have a second set of single ticks from 1304.50 -1305.00 which I will be leaning on. Above
1305.00 I believe we can rally up to 1313.00. If we cannot trade above 1305.00 we should test support at 1294.50 and then
possibly 1286.25 where I will be a buyer. As for data today Durable Goods and Jobless Claims came out better and we look forward
to New Home Sales which consensus is 310K. I do not believe this will be a market mover. All eyes are on the Middle East.

S&P Cash Top of Value 131175

E-Mini Daily E-Mini Weekly
Weekly
Bottom of Value 130100
• 133150 • 138450 • 136000
• 132225 • 136975 • 135105 Point of Control 131800
• 131300 • 133900 • 134282 High Volume Bar 130625
• 130375 Pivot • 130825 Pivot • 133459 Pivot
• 129450 • 128625 • 132637 Prior Day’s 130550
Settlement
• 128625 • 124675 • 131814
Average Trading 1402
• 127775 • 121600 • 130991
Range

10 Day Moving Average 132440 Prior Day High 132050

20 Day Moving Average 131436 Prior Day Low 129750
50 Day Moving Average 128688 Weekly High 134250
200 Day Moving Average 116012 Weekly Low 129750

Yearly High 2-18-2011 134300

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

Source: CQG, Inc. © 2011 All rights reserved worldwide.

February, 24 2011

Source: CQG, Inc. © 2011 All rights reserved worldwide.