A Jack of Small Trades

Hello Traders,

S&P futures closed higher on Thursday as the short covering rally continued back up to the January 1st trading range.

S&P futures traded up to 2058: 45 points (2.2%) above the previous intraday low at 2013.

S&P futures closed at 2052: 68 points (3.4%) above Monday’s low.

U.S. stocks rallied for a second day on Thursday, boosted by expectations the U.S. economy will continue to improve and by hopes for more aggressive action from the European Central Bank.

The Dow Jones industrial average rallied 323points (1.8%) to end 17,907.  The S&P 500 gained 36points (1.7%) to close at 2,062. The Nasdaq Composite advanced 85 points (1.8%), to finish the session at 4,736.

The S&P 500's two-day gains were its biggest since the December 17th & 18th: the previous Federal Reserve-fueled rally of 4.5%.

The S&P also snapped back above its 50-day average, a technical support level it fell below on Monday.

The S&P 500 has recovered the majority of the 104 points (4.9%) decline from its end of the year Santa Claus all-time record high last two sessions, returning  the index to positive territory for 2015.

The Dow and Nasdaq also turned up for the year so far.

The advance was broad, with the S&P materials, energy and technology sectors each rising more than 2 percent, leading the day's gains.

ON the NYSE: advancing issues (2396) outnumbered declining (718).

Approximately 7.1 billion shares changed hands on U.S. exchanges, above the 6.7 billion average for the last five sessions.

The majority of Tuesday’s gains were the result of a break-out above yesterday’s high in the overnight session. There was no pull-back to fill the “gap” at Wednesday’s close.

The overnight rally continued to accelerate at the open. Following the initial “run” up to 2056 there was one minor intraday pull-back to 2048, after which S&P futures traded up to re-test the high and made a minor higher high 2058.

Market participants seem unconcerned that U.S. crude oil continued to trade below the psychology $50.00 price level for a second day. February Crude closed at $48.79 per barrel.

The shift back to “risk on” sentiment may have also been attributed to the continued weak euro zone data, which has been fueled speculation that the European Central Bank will take more aggressive action: start printing money.

U.S. unemployment benefits declined from the prior week, pointing to a firming labor market ahead of Friday's key monthly payrolls report. The jobs reports have been coming in consistently in the 200,000 or 200,000-plus range.

Friday's December jobs report is expected to show 240,000 non-farm payrolls added.

Here's a cool walkthrough of how you can use ...sceeto to enter an existing trend.  This is example is in ES.

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 Free HFT-PALS Manual Available...Fill out our Trader Tailoring Form and recieve a copy of HFT PALS Cheat Sheet.

 Would you like to Chat about the HFT PALS Methodology? Click to make an appointment with us at ...sceeto

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On Tuesday morning, on our sister site, Follow The Bots, we published that, "Resistance is likely to be encountered at Friday’s low 2038.".

Here is an example of how we used advanced knownledge of known resistance, and then wait for Price to reach that area, all the while 'Reading the Tape'.

High_Frequency_Tape_Reading_at_Published_Resistance_of_2038_-_07-JAN-2015.gif  

These types of situations arise over and over again...if you know how to read the tape, you can be well prepared, way in advance, to capitilize on these recurring events.

 

Free HFT-PALS Manual Available...Fill out our Trader Tailoring Form and recieve a copy of HFT PALS Cheat Sheet.

 Would you like to Chat about the HFT PALS Methodology? Click to make an appointment with us at ...sceeto

Get free trade insights by following us on StockTwits Twitter

Click & Follow Now.    

stocktwits    twitter

Throughout 2014 there has been an incredible amount of activity in ...sceeto labs.

Hidden from public view, our growing team, has been working feverishly in our labs to develop a suite of new order flow algorithms and services that we are pretty sure will blow you away.

We now are preparing to roll out from our ...sceeto labs multiple, significant upgrades to our offerings, which will include:

  • ...sceeto TradeOps | A new trade signal services in the coming weeks
  • ...sceeto lens | A a new holistic approach to trading that integrates market structure, price action, and order flow
  • Trade Direction Gauge | Allows for an underlying 'tell' when a micro-pivot will hold and allow for a new trend | Crazy, huh?
  • True Data Bars | Upgrade
  • www.sceeto.com | Upgrade

In order to accomplish the management of the distribution of much of this data, we have upgraded our entire ...sceeto data delivery network.

A key part of the ...sceeto data delivery network upgrade is the ...sceeto client that you are running locally on your PC.

The ...sceeto client that you run on your machine is the gateway for your access to ...sceeto data.

Now that we are readying the launch of our extended services, your new ...sceeto client (v 3.0.72) will enable you to access this additional data.

We are very excited about the suite of algorithms and offerings that we will be launching, and appreciate your ongoing support.

Please upgrade your ...sceeto client as soon as possible.  This is a mandatory upgrade as we will soon be de-commissioning our current ...sceeto data network.

We will decommision the Current ...sceeto data network on December 31st.

If you have not upgraded to the new client you will not be able to receive sceeto data.

 you can Downloadthe installation artifacts from the link below:

http://sceeto.com/support/download/sceeto-client/

The Installation Intructions are also available at that link

I wish you and your families a healthy, happy, fun, and prosperous 2015.

All the best,
Carl

 

 

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