Daily Analysis

Daily Analysis is dedicated to written and recorded content from daily sessions in the Market Center Room with Charles Cochran

Click the tab for "Charlie's Market Center" for the daily written analysis that is sent out to members and published here on the blog for member’s convenience.

Click the tab for "CNFT AM/PM Analysis Videos" to link to the Youtube channel page





First Name Last Name Email Phone Interested in CN Futures Trading?
Trade Date: 10/23/2017 Commentary (delayed until 10.20 AM ET)
ZN R1-R4: 124-27-124-29, 125-00-125-01, 125-02-125-055, 125-08-125-12

ZN S1-S4: 124-225-124-24, 124-16-124-20, 124-08-124-12, 124-00-124-04

ZN/ZB Comments: Equities around the globe outside of Hong Kong’s mkt are higher. The reelection of Abe in Japan was cited as the reason for the OVN buying. TSY’s, the Euro, gold are lower probably in response to the strength in equities. TSY’s and gold have been selling in response to the Fed’s guidance that interest rates are going higher. Pretty cut and dry, IMO. This is an auction week and this usually pauses the mkt until the paper has been moved off the shelf. Today’s news: Chicago Fed’s National Activity Index at ??? (previously -.31). This news shouldn’t impact the trading. Resistance begins at 124-28/125-00 and support is at 124-20/24 as the mkt opens this AM. Will play for a trading range mkt w/a lower bias. First sell is 124-27/31 followed by 125-03/07. Cover at 124-24 OB. First buy is 124-20/24 followed by 124-13/17. Exit at 124-31 OB.

ZB R1-R4: 152-07-152-09, 152-12-152-13, 152-16-152-17, 152-20-152-24

ZB S1-S4: 151-31-152-00, 151-25-151-28, 151-16-151-20, 151-07-151-13

ES R1-R4: 2577-2580, 2585-2585, 2590-2590, -

ES S1-S4: 2570-2573, 2566-2568, 2559-2564, -

ES Comments: Abe won reelection in Japan and stks round the globe are higher minus Hong Kong’s mkt. The perceived increased growth in the world’s economy propelled higher by the big jump in US growth combined w/Trump’s proposed tax cuts are behind the buy and hold/add to current positons stk strategies. This is likely to remain the case until obvious news hits the mkts or Trump’s tax pkg is passed. Little news past Abe’s election OVN. Not much scheduled for the US today. . Today’s news: Chicago Fed’s National Activity Index at ??? (previously -.31). This news shouldn’t impact the trading. Resistance begins at 2577/80 and support is at 2570/73 as the mkt opens. Will continue to buy into weakness and hold into the lunch hour/close until proven wrong. First buy is 2571/73 followed by 2565/67. Exit at 2577 OB. OK to sell failure to take out and hold 2577/80 followed by 2583/85. Cover at 2573 OB.