Morning Brief 8.6.

12

Written by Anthony Crudele

Bulls in complete controlOver the past several weeks we have seen the bulls and bears battling it out for control of this market. As of Friday the bulls have taken complete control. The Indices are now ALL back above their 50 day moving averages and the VIX sits on their recent lowsbullish action. The Transports have been lagging the rest of the Indices, but after Fridays rally they closed 13 above their 50 day moving average. They are still below their 200 day moving average at 5,093 so that is still a hurdle for them to get through, but as long as they remain above their 50 day moving average at 5,080 I think that bulls will have enough ammo to push them through their 200 day. With the bulls now in complete control the question is can they sustain it and can they take us higher from here? At this point I do not see why notAll of the technicals point up and I think that the bulls next objective will be hunting for the highs of the year in all of the Indices. Obviously bad news coming from Europe or the Middle East are things that could derail this rally, but if that doesnt happen then I think that bears remain in hibernation. Today I will be initially looking to see how we trade around resistance at 1392.50if we are sustaining trade below it I will be biased to the short side looking for us to fill in the gap at 1389.00 and test Fridays high volume bar at 1388.00 where I will be a scalp buyer. Failure to hold that area I will be biased to the short side and be looking for us to potentially test the Market profile single ticks below 1383.75-1381.75where I will look to be a buyer in that area. IF we fail to hold the area of the single ticks I will then be looking for a possible test of support at 1375.25 where I will look to be a buyer (we also have a set of single ticks at 1377.50-1377.00 where I will be a scalp buyer). If we cannot sustain trade below 1392.50 I will then be biased to the upside and be looking for a possible test of resistance at 1410.00it may be a slow grind up. Have a great day!

23.0023.0023.00

E-Mini Daily 1427.25 1410.00 1392.50 1375.25 Pivot 1357.75 1340.50 1323.00

E-Mini Weekly 1511.50 1458.75 1405.75 1352.75 Pivot 1300.00 1247.00 1194.25

S&P Cash Weekly

1518.84 1464.59 1410.34 1356.09 Pivot 1301.85 1248.34 1193.50

Top of Value (TOV) Bottom of Value (BOV) TPO Point of Control (POC) High Volume Bar (HVB) Prior Days Settlement (Gap) Average Trading Range

1390.00 1381.00 1361.75 1388.00 1389.00 16.94

10 Day Moving Average 1367.00 Prior Day High 20 Day Moving Average 1358.50 Prior Day Low 50 Day Moving Average 1340.05 Weekly High 200 Day Moving Average 1321.94 Weekly Low 150 Day Smooth Moving Average 1305.20 www.eminiexecutors.com

1390.50 1360.00 1393.25 1387.25

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Monthly High Monthly Low Yearly High Yearly Low 2011 Closing Price 2012 Opening Price 1393.25 1349.25 1419.75 1259.75 1252.50 1274.75

E-mini S&P Daily Support and Resistance

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CHART INFORMATION S&P CASH
Moving Averages; Black (10 day), Blue (20 day), Green (50 day), Pink (200 day), Purple (150 day smooth avg.). Horizontal Lines; Blue (High of the year), Red (Low of the year), Green (Unchanged for the year, Light Blue (Highs/Lows of importance).

S&P cash

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CHART INFORMATION E-MINI S&P
Moving Averages; Black (10 day), Blue (20 day), Green (50 day), Pink (200 day), Purple (150 day smooth avg.). Horizontal Lines; Blue (High of the year), Red (Low of the year), Green (Unchanged for the year, Turquoise (Globex gaps), Light Blue (Highs/Lows of importance).

E-mini S&P

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On August 3rd we left single ticks from 1383.75-1381.75 and 1377.50-1377.00.

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On August 3rd we left single ticks from 1366.75-1366.00.

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On July 26th we left single ticks from 1346.25-1345.00, 1343.25-1342.00, and 1338.00-1336.75.

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On a daily market profile we left single ticks from 1144.50 1141.50.

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CHART INFORMATION DOW INDUSTRIALS
Moving Averages; Black (10 day), Blue (20 day), Green (50 day), Pink (200 day), Purple (150 day smooth avg.). Horizontal Lines; Blue (High of the year), Red (Low of the year), Green (Unchanged for the year, Light Blue (Highs/Lows of importance).

Dow Industrials

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CHART INFORMATION DOW TRANSPORTS
Moving Averages; Black (10 day), Blue (20 day), Green (50 day), Pink (200 day), Purple (150 day smooth avg.). Horizontal Lines; Blue (High of the year), Red (Low of the year), Green (Unchanged for the year, Light Blue (Highs/Lows of importance).

Dow Transports

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CHART INFORMATION E-MINI NASDAQ
Moving Averages; Black (10 day), Blue (20 day), Green (50 day), Pink (200 day), Purple (150 day smooth avg.). Horizontal Lines; Blue (High of the year), Red (Low of the year), Green (Unchanged for the year, Light Blue (Highs/Lows of importance).

E-mini NASDAQ

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CHART INFORMATION VIX
Moving Averages; Black (10 day), Blue (20 day), Green (50 day), Pink (200 day), Purple (150 day smooth avg.). Horizontal Lines; Blue (High of the year), Red (Low of the year), Green (Unchanged for the year, Light Blue (Highs/Lows of importance).

VIX

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