March, 4 2011

Morning Brief by Anthony Crudele

Today is Employment Situation is the main focus for today’s trade. All of the numbers were within the consensus range. The
market first tried to rally and then made new lows overnight. I expect the trade today to be extremely choppy. I am bullish on this
market above 1320.50. If the market can sustain trade above 1332.75 I believe that we test resistance at 1345.00 which would put
this market at new highs for year. The one thing I will be watching today is the VIX to see if it can stay above its 50 day moving
average at 17.52. If the VIX gets below their 50 day that would put pressure on any shorts in our market and take the stock market
higher. I believe that Crude Oil prices will only move our market if they get above 105.00. Right now the market seems to be
ignoring Crude Oil with it trading around 100.00 -103.00. The other data today is Factory Orders and consensus is 2.0% and only a
number above 3.5% or below 1.0% will really move the market. Also keep an eye on any news in the Middle East.

S&P Cash Top of Value 133175

E-Mini Daily E-Mini Weekly
Weekly
Bottom of Value 132250
• 135725 • 138450 • 139261
• 134500 • 136975 • 136981 TPO Point of 131375
• 133275 • 133900 • 134701 Control
High Volume Bar 133000
• 132050 Pivot • 130825 Pivot • 132420 Pivot
• 130825 • 128625 • 130140 Prior Day’s 132975
• 129600 • 124675 • 137860 Settlement
• 128350 • 121600 • 135744 Average Trading 1987
Range

10 Day Moving Average 131650 Prior Day High 133200

20 Day Moving Average 132176 Prior Day Low 130500
50 Day Moving Average 129566 Weekly High 133650
200 Day Moving Average 116775 Weekly Low 129625

Yearly High2-18-2011 134300

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

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

March, 4 2011

VIX Chart

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