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Our patience paid off yesterday, where early morning shorts got out downside targets of 49377 at 3:10PM   50,000 might have to wait a while. First support this morning is 49199 then 48980. Resistance is 49412.   Bank Earnings Pressure and Sector Rotation Dynamics JPMorgan Chase (JPM) kicked off Q4 earnings with mixed results: profits and net interest income beat estimates, but revenue missed, contributing to a slide in bank stocks. This weighed heavily on the Dow (which has s

If after the open we can hold above 49840 we should hit the holy grail of 50,000 Dow. Since the daily trend is up we continue to buy good pullbacks into support zones. As of this writing the first good support is 49725, then 49645. You can still play 1,2,3 reversals to the short side--but only for relatively small scalp trades. Fundamentals are constructive, driven by resilient U.S. economic growth, expected corporate earnings expansion, and supportive monetary policy. Analys

Federal Reserve Chair Jerome Powell will be appearing on televison this morning. That is what John Walsh said. Other than that all looks OK. The daily trend remains solidly up. Only a close below 48800 would create institutional nervousness. Our first support for a pullback buy is 49330. Additional support is 49258. First strong resistance is 49491, then 49642. Analysts and strategists (e.g., from Goldman Sachs, Barclays, Deutsche Bank) view the Powell situation as reinforcin

After the one day setback, market resumed buying interest. The job situation is getting weaker, scaring some players who have heightened earnings forecast. We did well on the long after jobs report, but be cautious. Next good buying level is 49440. Resistance stands at 49695. December nonfarm payrolls came in at 50,000 (below the 73,000 estimate), which could reinforce expectations for Federal Reserve rate stability or even cuts if labor softening persists—boosting equities b

The market was happily on its way to 50,000 when Trump decided to tell some companies how to run their business. Some money managers are getting more concerned about the world’s toxic political environment.   We traded on the long side successfully until the market broke short-term support, then traded from the short side. We follow the plan. The daily trend remains up unless we break below 48340.   Next support to look for a long trade is 48980. Next resistance to short is 4

Mr. Market keeps marching toward 50,000. Obviously, it will not be in a straight line. There will be pullbacks equal to the swing magnitude factor (contact us at coach@eminiace.com to learn how to calculate the SMF). Our first good pullback support is 49640. Scalpers can use shorter term stochastics to time entry. Labor market data remains mixed but stable—December's ADP private payrolls rose 41,000 (a rebound from November's decline but slightly below expectations), signalin

Very powerful bullish statement by the stock market for our first full week of 2006. Big support held at 48575. Again, we want to buy pullbacks, this time at 49089 and 49006. The contract is consolidating near all-time highs after a strong rally yesterday, where the underlying Dow index surged to close at a record 49,228 amid energy sector strength. Price action remains in a well-defined ascending channel on daily timeframes, but recent hesitation at the upper boundary sugges

Ask Aaron Rodgers if luck sometimes plays a role in success. The key is to practice winning habits until luck has a chance to contribute to success. After a decent short covering rally on Friday, the market remains calm and range bound. We expect volatility to increase and would take a 30-minute break out in either direction. If the market closes below 48575 it would signal the first downtrend since November 17th. The first good support to consider a long is at 48490. Swing m

Great start to 2026. Two long trades so far. Market may need to come down to additional support. First one is daily pivot at 48448, then of course 48315. If we break below 48315 it will turn the daily trend down and we will be shorting rallies heavily. First resistance is 48580 where we will look for a short. Traders are noting thin liquidity and bearish signals from labor data, with futures showing choppy behavior in late December (e.g., dips of 0.1%–0.2% on some days and re

Wishing all a wonderful 2026. Let's make the most of it. Traders will fight to keep the Dow above 48455. If we close below 48455 we will begin 2026 in a down trend. 90% of the fund managers I spoke with over the last 2 weeks feel that Dow 50,000 is almost a certainty by the end of January, and that scares me. For today, since volume will be light, pick up 2 to 3 quick trades and call it an early day. I am looking for decent shorting opportunities into resistance. The latest B

The market has formed a triangle: Lower highs; higher lows. The best way to trade is to fade the reversals until a trend develops. The DJIA and its futures continue in a long-term bullish trend , but near-term momentum has cooled after recent all-time highs near 49,750. Key points: The index remains above key moving averages, with support around 48,000–48,300 and resistance at recent highs. Technical indicators show mixed signals: many point to sell  in the short term (overbo

Trend is short term down so we have been trading from the short side. The next support is 48810, then 48750,then 48695. Resistance is 48935, then 49068. The DJIA and other E-mini futures remain in a long-term uptrend, trading within an ascending channel since early 2025 lows. Key observations: Moving averages are sloping upward and providing dynamic support. Recent all-time highs around 49091 act as near-term resistance, with support near 48,475–48,200 (prior consolidation zo

Post holiday low volume trading. We expect at least a couple of 135 point swings. That is not overwhelming but can produce good profits for those who are patient. Support for buying after any sell off is 48940 to 48879. Upside targets are 49080 to 49146. Earnings growth projections remain solid (mid-teens for broader market in 2026), with resilient U.S. data and no major catalysts today (light economic calendar post-holiday). Longer-term forecasts point to the DJIA reaching 5

Merry Christmas to all. It has been a very good year and we look forward to even better to come. The market will close today at 12:00 PM Central Time. We expect a 110 SMF. We are playing the ranges (buying support, selling resistance) lightly. Don't expect huge moves. Fundamentals remain supportive for equities, particularly blue-chips in the Dow. Recent data highlights include a strong Q3 GDP revision to 4.3%  (beating estimates), underscoring economic resilience amid AI-dri

Trading range between 48928 and 48470. Use TTT techniques. Economic reports mixed. Fundamental Outlook Positive drivers : Resilient U.S. economy with steady growth expectations, ongoing tech/AI rebound supporting broader equities, and intact bets for Federal Reserve rate cuts in 2026. Earnings momentum and blue-chip stability continue to underpin the Dow's outperformance relative to growth-heavy indices at times. Near-term focus : Today's data releases include delayed Q3 GDP

Very narrow range to start. Scalp trades until volume picks up. Dow range only 142 points so far. First resistance is 48599 then 48660. Good support is at 48415 then 48375. The broader trend remains bullish on higher timeframes, with analysts projecting potential upside to 49,500 or higher. Recent action shows consolidation near all-time highs, with support holding above 47,800–48,000. Equities continue to benefit from a supportive backdrop, including expectations for further

Narrow range to start on options expiration day or Quad witching as it is called. As of this report the Dow range is only 257 points. We are into daily support around 48125. The backdrop is supportive for equities, bolstered by the Federal Reserve's recent rate cut (to 3.5–3.75%) and cooler-than-expected November inflation data (headline CPI at 2.7% YoY vs. 3.1% expected). This has raised hopes for more accommodative policy in 2026. Recent market drivers include rotation out

You only need two good trades for the day to make a great living. Today rewarded the early risers. Our first trade was a short at 48377 where we rode it down to 48297 to reverse to long in anticipation of a favorable CPI. Late arriving traders were of course left out. Treat this like a businesss. You don't run a five-star restaurant and open an hour late because you wanted to watch tv. The primary catalyst this morning is the delayed November 2025 CPI report  (released at 8:3

Disciplined execution of the Proximity Coalition Method in action. Please be aware that dollars in profits can be misleading. It is percentage of equity that matters. Don't expect to open a $5,000 account and make $4,000 per day. Yet over expectation leads to greed, and that is the other side of fear.

YM is at 48610, up 131 points. Rebounding from Tuesday losses, pointing to a slightly positive open. Micron Technology (MU)  reports after the close — a key AI/memory chip update amid ongoing sector rotation away from big tech. Premarket movers include gains in Netflix (bets on media deals) and Amazon, alongside weakness in homebuilders like Lennar (disappointing Q1 guidance). Oil is rebounding following reports of President Trump's order for a blockade on Venezuelan tankers.