Feb 05, 2010 8:30 cst - S&P PIT Live Squawk Broadcast
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*** 14:00 CST Consumer Credit (MoM) Actual: $-1.8B Consesus: $-8.4B Previous: $-17.5B ***
Scheduled Reports Friday - Support and Resistance Numbers - Pit Traded March SP - 1081.50***, 1075.00**, 1065.00**, 1085.50PH, 1069.00DP, 1059.30PL, 1050.50**, 1042.30*, 1035.00***/nAll Products from http://www.tradersaudio.com/productpage.htm
For a free trial to http://www.tradersaudio.com/trials.php/nTELEPHONE:
please call before 8:15 cst 312-715-6014
mention YouTube when calling/nE-MAIL:
benl@tradersaudio.com
coli@tradersaudio.com
mention YouTube when e-mailing/nBen Lichtenstein has appeared on CNBC and Bloomberg TV, has shared his expertise on Bloomberg radio, and has been published in numerous periodicals including Futures magazine and Stocks & Commodities. He is a member of the Chicago Mercantile Exchange with over 17 years of experience working on the trading floor./nThe e-mini ES chart is a 5 tick price bar chart: 0.00, 0.25, 0.50, 0.75, 1.00 - equals one bar. When the bar closes above the Dark Gray 13 EMA it turns Aqua. Closes below, it turns Maroon./nChart Indicators From Top Left:
Daily e-mini ES pivots are; resistance 1 (Red), support 1 (Blue), resistance 2 (Red). support 2 (Blue). Dark Gray 13 EMA. Light Gray horizontal line (with price) is todays e-mini ES High+Low/2. Light Gray horizontal line (no price) is yesterday's e-mini ES High+Low/2. Dark Gray 169 SMA/nLower Chart Indicators:
On Balance Volume (Dark Gray) with a 13 EMA (Pink)./nFree DAILY Equity Futures Support and Resistance Numbers (updated by 8:00 cst) http://www.TradersAudio.com/daily/index.php?page=support-and-resistance-numbers/nFor glossary of terms used http://www.TradersAudio.com/daily/index.php?page=glossary-of-terms/nListen to FAQ's (MP3 format) from TradersAudio.com subscribers http://www.tradersaudio.com/faq.html/nTradersAudio.com broadcasts LIVE, via the internet, from the Chicago Mercantile Exchange S&P 500 Futures trading floor 8:30 - 15:15 cst Monday through Friday. Holiday schedule click here http://www.cmegroup.com/tools-information/holiday-calendar/index.html/nTradersAudio.com subscribers are individual stock, futures and bond traders, fund managers, stock and futures brokers, futures analysts and corporate institutions in countries around the world./nThe subscribers of TradersAudio.com are listening to the SP contract trading Live in Chicago - while watching the e-mini ES, another futures contract or stock on their computer./nThe broadcaster may call the e-mini ES Globex contract, 'minis', 'the mini' or 'the screen'. Also, they may call the S&P CME SP Pit Traded contract, 'the big contract' or 'the S&P'. The broadcasters are calling the trades within a few feet of the S&P CME SP trading pit and are referring to the S&P CME SP March 2010 contract./nYou are hearing the broadcasters quote the current bid and offer of the S&P CME SP pit traded contract - quickly. When they say '0 even bid at one half', that could mean 1080.00 is the bid and 1080.50 is the offer. But could also mean, 1090.00 is the bid and 1090.50 is the offer. They are broadcasting tick for tick and must quote the figures to stay with the pit action. When the pit is packed and active they may just say, '0 at half' or '20 bid at 70'. It is easy to follow along when looking at the e-mini ES chart and trades./nThe prices you SEE in the video are the S&P e-mini electronic symbol ES, Globex March 2010 contract. The prices you HEAR are the S&P CME pit traded symbol SP, Pit Traded March 2010 contract. The two contracts trade within a tick or two of each other, during pit traded hours 8:30 - 15:15 cst./nThe pit traders are trading the SP and may trade the ES also. When they do, the broadcasters may say 'they're trading the mini' or 'they just sold/bought the mini'./nClick here for more information: http://www.cmegroup.com/n*This is not trading advice. These videos are for informational, educational and entertainment purposes only. Full product information on the S&P 500 Futures is available at the CME website http://www.cmegroup.com - We are not a brokerage firm, we do not take trading orders, do not execute trades or manage customer accounts. The Squawk Box is not trading advice and provided for informational purposes only. No claims or representations of profitability are being made herein.
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