March, 3 2011

Morning Brief by Anthony Crudele

The bears are losing the little momentum that they had. I have felt that the recent action in the S&P has been strong considering
what has been going on with Crude Oil and the Middle East. We come within striking distance of the 50 day moving average and
then we start to rally, that is bullish action. Today we are poised to open above the daily pivot at 1315.00 which is bullish. I will be
a buyer as long as we can stay above 1315.00. Unable to hold 1315.00 we can trade back down to 1293.50. Volatility is high with
the VIX trading around 20 and it is rollover which also causes high volatility in the markets so I am trading smaller than normal.
Data this morning with Jobless Claims came out a little better than expected which sparked a small pop in equities. We have ISM
coming out later and consensus is 59.0, I believe only a number above 65 or below 58 will move the market. I will be keeping my
eyes on Crude Oil and listening for any news coming out of the Middle East.

S&P Cash Top of Value 131025

E-Mini Daily E-Mini Weekly
Weekly
Bottom of Value 130300
• 138000 • 138450 • 139261
• 135850 • 136975 • 136981 TPO Point of 132875
• 133675 • 133900 • 134701 Control
High Volume Bar 130800
• 131500 Pivot • 130825 Pivot • 132420 Pivot
• 129350 • 128625 • 130140 Prior Day’s 130100
• 127175 • 124675 • 137860 Settlement
• 127175 • 121600 • 135744 Average Trading 1907
Range

10 Day Moving Average 131630 Prior Day High 131375

20 Day Moving Average 131996 Prior Day Low 129625
50 Day Moving Average 129385 Weekly High 133650
200 Day Moving Average 116648 Weekly Low 129625

Yearly High 2-18-2011 134300

Yearly Low 1-03-2011 125525
2010 Closing Price 125300
2011 Opening Price 125600

Source: CQG, Inc. © 2011 All rights reserved worldwide.

March, 3 2011

50 Day moving average is green line and the 200 day moving average is pink line.

Source: CQG, Inc. © 2011 All rights reserved worldwide.