Homework and TradeSheet for Monday July 1st

SP – 69.25 20 day high. Sell Short day scalp only….Rus has a chance to push to all time new highs on this leg up since the ROC made new  mo mo highs last week.

NQ – 7821 –  20 day high for confirmation/non-confirmation

US – 3 bar breakout coil, 154’11 = daily EMA…might get there trading sideways at this rate

EC, JY – low TP, 3 bar breakout triangle  implies trend potential (Tagged daily EMA overnight, breakout play is over, now a b c down on 240 on EC)

CD – Day 8 extended run, Buy any close below 5 SMA

CL – 5 SMA buy, pinball Buy (played out overnight but still in strong uptrend overall.

HG – 3 bar BO (failed in overnight test of previous 20 day high)

Start of a new quarter!  Yippee!  Big Gaps across the board – watch how move off 7 AM CST trades relative to PDH  and PDLs….

 

Opec Meetings all day

10:00 A.M. EST ISM Manufacturing PMI & Construction Spending

2:00 P.M. EST Auto & Truck Sales

3:00 P.M. EST Fats & Oils, Cotton System, and Grain Crushings

4:00 P.M. EST Crop Progress report