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UrmaBlume

Daily 10/19

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Today's Market Report - ES - 10/19/2009

Archive of Daily Market Reorts

Most recent update is on top.

Please Scroll Down to See Today's Entire Report

**

Follow Updates to this Report on Twitter

and on StockTwits.com

***

Today's Numbers

No Numbers Today

Tomorrow

Building Permits, PPI, Core PPI, Housing Starts

*****

At 30 minutes before the open the first pic below shows the HUD which

reflects overnight volume at 82% of normal with a slight sell bias.

The second pic shows overnight price action with support at 1,077

and resistance at 1,089.

 

101909hud1.jpg

 

101909rpt1.jpg

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At halftime with price on session highs the market has found some selling.

The shot of HUD shows that selling

Below the HUD a graph of money flow and price so far this session shows

the strength of the move thus far

 

101909hud2.jpg

 

101909rpt2.jpg

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Day Summary

While the market did indeed make new highs today, at 1035 PST

Intense, Coordinated Commercial Selling in ES, YM & NQ

formed a top that held thoughout the session.

The second chart down shows the continuing divergence between price

and net money flow in ES.

Trade was on less than average volume and a very slight net buy bias by commercials.

 

101909rpt3.jpg

 

101909rpt4.jpg

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