The First Trade

Proper context can start the day with a solid win and make all the difference.
NEW! Market Tour transcript included at the end of this post…

NEW DAILY SCHEDULE
First, watch the pre-open Tour recording HERE <<==
Then, meet in the chaRTroom here by 9:15 ET for updates and Q&A

Through the prior close…
Wednesday morning’s bias-down signal left outstanding its 2331.00 target. Must have been something important, because the balance of the bias environment rallied 15 points to 2348.00. Half of that came after London’s terror attack. No specific catalyst was identifiable, but the noon hour’s reaction down to 2336.50 was recovered entirely, anyway. Wreversal Wednesday? The drop was a little brief for that setup, and its recovery was relatively shallow. But the overnight attempt to extend Tuesday’s plunge did not succeed.

Overnight action’s new info…
Choppy overnight action had initially opened down to 2341.50. An overnight rally probed Wednesday’s highs up to 2349.50. Trending back down into and out of Europe’s opens dipped to 2343.00, and is now bouncing to attack yesterday’s highs.

If, then…
Trying to resume yesterday morning’s recovery didn’t produce any extra gain in the afternoon, and now an overnight attempt has also been rebuffed. None of which invalidates the recovery attempt, which did manage a positive close. But all of which suggests that more selling pressure must be absorbed before forming a credible bottom. Yesterday’s “unfinished business below’ at 2331.00 could come back into play if the open isn’t yet rallying through yesterday’s highs. One caveat to fresh lows is that the pullback has much more room below if 2331.00 can’t hold. Meanwhile, after getting past Fed chair Yellen’s pre-open speech, be aware of headlines regarding the controversial healthcare bill. Although a vote might not come until this evening, price action may be influenced as it affects the near-term prospects for tax reform.

First Trade…
[Click here to view the Bias parameters] Exiting the open at 9:45 under 2348.00 would be unlikely to trigger the 2350.50 bias-up signal at 10:15. Exiting the open above 2353.25 would be likely to trigger bias-up.

Phonetic dictation…
[NEW! Unreviewed voice-to-text real-time dictation of the Market Tour recording. Again, not reviewed or edited in any way, which can be equally confusing and humorous.] good morning welcome it is Thursday it’s time for Thursday’s Morning Market to her taking things in reverse order I’ll just point out that yesterday morning’s 2348 hi its probe very late in the day up to 4875 both being attacked or tested here presently this is after an overnight dip and overnight Depp after having probe yesterday’s has it is really no words sellers aren’t we taking control not at this moment buyers aren’t really backing off they’re not being very productive but there’s still a force and this is after yesterday morning first of all the overnight action that had tried extending Tuesday’s drop the big surprising plunge trending down on that pattern into the afternoon and then pretty much been required to Provo overnight but then yesterday’s opening dip having endured past the tub and window to trigger by ass down past the time and window to avoid being invalidated because of the size of the decline that preceded it the biceps ago was pretty well above open in fact despite a 15-point rally off the low the mornings by ass up signal wasn’t recovered not in time to invalidate the bus down to the bus down Target 2331 is unfinished business below I wouldn’t even be talking about it if the rest of the session after that mornings 15 Point rally if the rest of the session had extended higher the overnight action that extended higher if pre open Action Extenze higher which it’s not try to do we won’t be talking about 2331 we do have to take the upside seriously after all a bias down signal was put into play their target was left at standing and into the face of London’s Terror attacks a rally doubled O’Reilly origin should otherwise have made it very vulnerable to any kind of a bad headline or big Soul order hitting hitting the tape just muscled right through and again to yesterday’s clothes and into the overnight being rejected so we have to give buyers certainly not every benefit of the doubt but some benefit of the doubt we still don’t have any direct attribution to this rally is certainly a lot of stuff going on yes Tuesday Mornings drop considered to be nervousness ahead of the health care vote that is occurring sometime today probably after the close still though headlines last minute headlines handicapping it likely to buff at the market and the health care about really has nothing to do with the market other than the tax reform initiative that should follow it I love being delayed or having lesser or greater chances of success the sooner it does Fallen so do give a bouncer better for the day by the way yesterday’s clothes was in positive territory regardless of the afternoon not extending above the morning so I today’s open gapps up yesterday morning so I above 2348 25 if it triggers a bicep signal 23 it gets every benefit of the doubt at that point for extending iron is 2350 fifties by a subsequent was tested and not triggered of course that would put into play it on setting test of the bias down signal23 3975 not yet at that point enough to confirm or have any degree of confidence of 2331 will be tested but even without testing on rejecting it if this morning is rallying the open isn’t there is room down to the bus 35 look for 31 only bigger picture of course is that following through immediately following through a mediately but whatever that may be predictably still not Attracted to 2121 2317 and lower coming into play alright I’ll be looking at test resistance be at yesterday morning that’s right now 3:50 silver did not confirm yesterday Tuesday bond has another as potential to extend another point so long as the pullback woman holds that basically 150 04 little bit of weakness overnight not yet enough to undermine the Rileys momentum but this stage of the rally even is a corrective bounce weather affect the battery even if something more substantial this stage of the rally probably can’t tolerate a pullback limit test we had to that have held that have launched the next up like that’s pretty tired of his point crude oil did everything I could do short of signaling momentum reversing up did everything you could do to form a durable bottom yesterday the gap down or not is irrelevant once it is retested from above which it was during the noon hour after this bounce didn’t quite hit Tuesday’s range but it did hit higher prices at last week’s Island get back to fill that Gap closed back within the islands range if that back within Tuesday’s rink close positive didn’t trigger improved which standing back to back to always be preferable to fill that before alright

Proper context can start the day with a solid win and make all the difference.
NEW! Market Tour transcript included at the end of this post…

NEW DAILY SCHEDULE
First, watch the pre-open Tour recording HERE <<==
Then, meet in the chaRTroom here by 9:15 ET for updates and Q&A

Through the prior close…
Tuesday’s open maintained its gap up above Monday morning’s 2376.00 highs. But it didn’t extend, hinting at a crack forming in the bullish scenario. By the time that the 2374.00 bias-up signal failed to trigger, its offsetting test of the 2364.75 bias-down signal was being probed. Extending down to 2344.50 easily exited the morning’s bias environment under its 2359.75 bias-down target, invalidating the drop’s “no-bias trending” and any requirement to be retraced. The intraday series of lower lows and lower highs remained intact through the futures close. The futures close was a bounce that overlapped the decline’s 2342.00 objective, and did not decisively recover it..

Overnight action’s new info…
Tuesday’s Globex open immediately resumed the drop. Fresh lows at 2332.25 had reacted up quickly to greet Europe’s opens at 2336.00. Very choppy action has since extended up to 2341.50. That’s almost flat while international exchanges still struggle.

If, then…
Not decisively recovering 2342.00 Tuesday kept alive downside momentum. That could have been satisfied by the overnight lower lows, but probably not. Regardless, we’ll be monitoring for a Wreversal Wednesday session, which turns around a morning  trend like probing fresh lows post-open. Otherwise, an attraction back overnight lows could be avoided not only by opening above yesterday’s lows to isolate the overnight probe — or even by gapping up above Tuesday afternoon’s 2349.50 high to form a “session-long rally” setup — but by also extending higher through the open. Meanwhile, absent either of those two bullish setups, extending down could reach 2327.00 or 2317.00.

First Trade…
[Click here to view the Bias parameters] Exiting the open at 9:45 under 2335.50 would be likely to trigger the 2337.25 bias-down signal at 10:15. Exiting the open above 2341.00 would be unlikely to trigger bias-down.

Phonetic dictation…
[NEW! Unreviewed voice-to-text real-time dictation of the Market Tour recording. Again, not reviewed or edited in any way, which can be equally confusing and humorous.] (Missing the first several sentences) if they declined where to extend it would next Target 23 2723 17th Okay so what about it is this Pro blower forgotten how much lower how little lower it is a probe under yesterday’s loads and today’s open is back above yes it was not just feeling positive territory but scrambling to get more positive through the open then that property is Lowe’s could be isolated to the overnight and that is very well know that setup is very vulnerable to extending a higher if that covers attempted but not excluded we’re just going right back down again attracted to the overnight tonight and maybe even renewing device down on the way to 2319 23 or 2723 yesterday afternoons or while leaving the bias environment while started laughing and we turned it down into the kitchen close at least so gapping up today back above that prayer High could form a session Long Valley set up as an aside noticeably that seems to have been possible as of yesterday’s clothes if it were so easy why did yesterday accomplish it just another reason why we’re looking for those overnight that’s attempted to explode and not successful kind of like yesterday morning yesterday’s open that jacked up even maintained its cap the prior Morningside just going to head right back down but actually open and there’s a normal 2367 7635 sequential on the dollar Index which I’m not really in favor of applying it to any kind of the basket regardless the dollar Index is tracking Tom DeMark sequential which is kind of similar to my up down crash set up his has a reversal set up as well that triggered I believe Friday not that it’s prevented extending any higher but just something to be aware of and here’s the Looney which came right back yesterday breaking little probing lower overnight itself having unfinished business below and the Euro can that be turned into an island not really looking like it will want to fill that Gap back to the open remember that we’re going to look at it Silverwood close the requirements eventually it’s a little bit here overnight so is the data feed apparently  I have to proceed without the gold or silver charge the problem with the data feed a family on the longboard extending a higher because it’s extending higher just as much because it’s not rejecting yesterday’s extension up or breaking under its pull back limit at even challenging the back of it there is potential for the next time of jective 1:50 to 1:15 to go for already traded as high as 150 25 the proof will be in actually closing positive really not much of a dip into negative territory Infinity dip into negative territory can be tolerated if this pattern is trying to extend its recovery 4742 is go ahead and probing the lower end of last week’s Island this after one day of the test that Island’s lower Pryor High before bouncing and another dip fill the Gap back to the islands open after having touch Tire Pryor Lowe’s on the recovery and as warned when just that first dip to the lower price couldn’t recover into positive territory that probably met a full-throated retest of that Island in that we are probably lower so my signal is actually any kind of positive close at the very latest clothes back about the islands upper-end fingers crossed here okay it’s going to be a look at them so there’s the island there’s the retest of it slow what opportunity for this by the way is there a silver chart gold I finally natural gas light crude oil report EIA this morning so get that out of the way getting that out of the way I could be his favorite Monday’s close and close positive but it’s not exactly has been slow

Proper context can start the day with a solid win and make all the difference.
NEW! Market Tour transcript included at the end of this post…

NEW DAILY SCHEDULE
First, watch the pre-open Tour recording HERE <<==
Then, meet in the chaRTroom here by 9:15 ET for updates and Q&A

Through the prior close…
Monday’s open attacked Sunday night’s 2368.75 low and held the bias-down signal. The offsetting test of the 2380.00 bias-up signal was left outstanding, despite rallying quickly to retrace all of Friday’s position-squaring window up to 2376.00. WedEX lapsed and price reversed back down into the noon hour and out of the afternoon bias environment. Sellers gained traction, but the final hour formed the basis for a trend reversal up.

Overnight action’s new info…
Initially dipping to 2368.00 was recovered up to 2370.50 where a surge soon attacked Monday morning’s 2376.00 high. Ranging sideways through the night has been supported by the 2374.00 bias-up signal while probing above 2376.00.

If, then…
Rallying Tuesday morning requires invalidating the traction that sellers gained Monday afternoon, by gapping up above Monday’s high. that would also help to complete the trend reversal that had begun forming into the prior close. Any immediate strength must be maintained and preferably also extended through the open to be credible.

First Trade…
[Click here to view the Bias parameters] Exiting the open at 9:45 above 2376.00 would be likely to trigger the 2374.00 bias-up signal at 10:15. Exiting the open under 2371.75 would be unlikely to trigger bias-up.

Phonetic dictation…
[NEW! Unreviewed voice-to-text real-time dictation of the Market Tour recording. Again, not reviewed or edited in any way, which can be equally confusing and humorous.] good morning and welcome it is Tuesday at Stanford Tuesday’s Morning Market to her and we have a opportunity here to Raleigh it is a little short of what’s necessary to have the highest degree of confidence the highest degree of confidence would be from exiting the open the opening 15 minutes of volatility about yesterday morning’s house 2376 just getting out about 2374 it happens me this one is by step signal that’s also the beginning of the range of resistance that if the opening were negotiating we give it a little benefit of the doubt depending on how much at already been extended that it were able to that it would be able to extend higher 2374 we’re being tested after coming down from 2380 that would be another story but otherwise this is what the market looks like coming into the open or forever good chance at extending them 30 open and extending hire in this picture extending higher to resume the rally from last week so I the fomc reaction that has been totally were traced and ultimately held or at least still being tested in yesterday’s clothes but never broken not yet that was in fact the one of too I guess but one biggest Missing Link two pronouncing the pool back since Wednesday as high as complete that is that the repeated probes under-23 7050 didn’t close decisively back above 2370 50 we did have a friend change start the form that’s the other missing link to yesterday’s pattern forming a bottom had a higher higher low never got a higher high not until overnight that’s not relevant though that’s why gapping up getting up above a prior Highwood turn that traction at Sellers gained into reversal up otherwise if I’m up here yesterday morning’s hold to the open 2016 2374 doesn’t trigger by ass up that’ll put into play at all sitting test of the 6475 biased and signal not a lot of support there really only temporary on the way to 6175 so this whole open getting out about 74 76 or not is the difference between retesting last week’s hives which by the way it gets us into the orbit of the highs out of that kind of upside or we’re heading down to 6175 and probably look alright any questions while we’ve got Lil Bit of a break under the rising wedge coming back to test a time to close back above 76-62 reverse we met them down call the pound which itself as a pretty bullish bottom headed to pull back overnight but you can see it’s a performing on the recovery extending the franchise Rudy and its range is still very volatile with unfinished Euro somewhat similar but you can see it’s been since the day just kind of eating its way flat to hire two flat still need what a world 107 106-95 to reverse the trend down let alone under one of the 760 to stand the uptrend that hasn’t happened since it’s been recovered and here like to pound it is extending the fresh High silver attacked 1750 yesterday gold attacked or overlapped at least 12 30 to 50 that this Gap up that’s extended out both of those representing significant resistance despite probing and reacting down and even a deeper reaction down overnight and gold 12:30 to 5033 Drive 3350 as far as a true fan noises being tested again break hired just seems the first of all it’s not required but because the Gap up hasn’t been rejected all this time it’s indicating that if it were not preventing there being a reaction that anyway but if it were we have confidence in it be covering meanwhile the ability is to the upside long Fun Center close today 14820 preferably positive above 149 wood Target 156 otherwise we raise the pullback limit to 4804 too long is one 4804 isn’t broken if you wanted treated as if it’s on the way to my crude oil in a Range this is made by the way it came back yesterday and basically neutralized the attraction below or some of it and touching the islands lower price the gap down to that Island open remains outstanding it still wants to be retested from above so that’s basically 48 and quarter didn’t get that the before bouncing yesterday and I’ll get overnight to neutralize the attraction above the Gap back to Fridays close that’s the durable bottom formation dip down before trying to extend the higher before creating too much excessive optimism basically inpatient Vine test that Island get that Gap open and probably because of the delay probe the lower end of them for more durable bottom that’s the bullish pattern that would help twice and when to recover the three bounce it extending higher he recovered it yesterday pretty much said new highs have to happen before the next possible download extending her overnight has to so this three is again a pullback limit until we actually I can’t raise the 3oh 3 but I would raise it to 303 actually printing our Post open and then the cell cycle would be raised to 299 alright go ahead and post them and I will see you at the open

Proper context can start the day with a solid win and make all the difference.
NEW! Market Tour transcript included at the end of this post…

NEW DAILY SCHEDULE
First, watch the pre-open Tour recording HERE <<==
Then, meet in the chaRTroom here by 9:15 ET for updates and Q&A

Through the prior close…
Friday was full of twists. The morning’s drop to 2373.75 was overcome by the bullish WedEX, enabling the drop’s complete recovery. Friday afternoon’s no-bias trending up to 2382.25 probe had to be retraced back down to at least 2380.00. The power of expiration turned that into fresh session lows at 2372.75. The afternoon’s uptrend remained intact until entering the final hour, which is too late to gain traction, so I’m giving so the bullish WedEX influence a benefit of the doubt for remaining intact.

Overnight action’s new info…
Friday’s late slide immediately resumed at Sunday night’s open, and soon extended down to 2368.75. That’s under the 2370.50 origin of Wednesday’s FOMC reaction. Firming back up there to greet Europe’s opens then extended back up to 2373.25. Its reaction down to 2370.50 has recovered back up to 2373.25.

If, then…
The bullish WedEX was fairly influential Friday. A more aggressive bullish influence Monday morning remains likely to influence post-open action this morning, too. But that bullish influence should be obvious without delay. Repeating the overnight test of 2370.50 could recover through the morning if the open were to gap down there. Otherwise, trending down post-open would be much more difficult to recover.

First Trade…
[Click here to view the Bias parameters] Exiting the open at 9:45 under 2373.00 would be likely to trigger the 2373.75 bias-down signal at 10:15. Exiting the open above 2377.00 would be unlikely to trigger bias-down.

Phonetic dictation…
[NEW! Unreviewed voice-to-text real-time dictation of the Market Tour recording. Again, not reviewed or edited in any way, which can be equally confusing and humorous.] good morning and welcome it is Monday time for Monday’s Market to her what is have going on and I can we litigate the Saturday review we already knew it Fridays close that we had some interesting influences not the least of which is the bullish wed x regardless of how Fridays last hour turn down but it applies to Post open Monday morning as well and it was pretty influential Friday afternoon until there was no traction to be gained for the effort by sellers then took advantage of the open or that opening we now have some other said we had an influence or attraction back down to Wednesday’s fomc reaction the origin at 2370 50 likely to be probed by at least several ticks was probed overnight down to 69 6875 see it’s influential get on his pull back that could be repeated Post open that could be repeated Post open in the context of the bullish FedEx retaking regaining reasserting itself its influence Post open yes not only if the most likely if the open where to get down and quickly test 23 7050 if the open is a bug 2370 1523 70 15 and traction brings price back down through the open that’s going to be more difficult recovery if it’s going to be a recovery at all so no reason no requirement that is to retest 23 7050 Post open the Post open Action can become immediately influenced by the bullets wed x if the open where to eat s23 7050 getting it out of the way and holding it just as quickly as possible and preferably also exiting the opening 15 minutes volatility in some rally mode would be the next best thing as far as our having any degree of certainty or confidence that the markets rallied back influenced by the bullet watex and of course most bullish highest confidence 73 backup but more importantly the position Square it was entered around 76 the 310 320 window we really want to get some confidence going exit back above where the 310 320 window was entered 2379 that’s where we get the greatest degree of confidence if not to actually already have recovered this seems like a stretch by the way back above Friday afternoons High because having trimmed it down into Friday’s close getting up above the afternoon so I would cause a session Long Valley to form that’s a little let’s say a lot less likely having already extended down but it’s not like they’re all reopened influences there was just now comment crossing the tape that threesome and tends to I trigger Article 15 next Wednesday there’s some degree of predictability the mark of predictability a lot more than hates unpredictability by the way but there’s pretty good bility and I don’t see any reaction in the market that there at 8:30 that’s really it for the economic activity there’s potential but if 2370 50 isn’t holding through the open app is down signal23 7375 is triggered at 10:15 then rather than the bullish FedEx it’s too late to avert the wax that had to happen Friday the only thing that can happen to the text now as I can be invalidated or fail dipping down or tries we’re just going to turn down alright as well let’s get to other markets and I both have there in 2 ounces the Aussie by the way there’s one there’s a break out here 1235 Wednesday Thursday and at this stage the pullback limits tests have been produced basically a fresh High now become somewhat of a cell signal crude oil doesn’t have to pull back it is pulling back that it’s pulling back here it’s pulling back overnight 248 that it is pulling back into this island almost at this point but back to the Gap that it is pulling back after three sessions I know they can get anywhere but they didn’t get anywhere all this overlap this congestion rather than expecting Vine pressure overly optimistic bite pressure does suggest that this is able to form a bottom remember 4725 is our Louis Target and it was mad and it was held and it was responsive so good opportunity for a bottom in here that one up and then Natural Gas 295 cell signal broken not confirmed broken not confirmed Another Sunday night Gap this case down clothes under 295 again still not a cell signal you know to confirm all right questions in the chart room and I’ll see you there in 15 minutes before they open or if there’s any substantial action before then. Good luck today!

Proper context can start the day with a solid win and make all the difference.
NEW! Market Tour transcript included at the end of this post…

NEW DAILY SCHEDULE
First, watch the pre-open Tour recording HERE <<==
Then, meet in the chaRTroom here by 9:15 ET for updates and Q&A

Through the prior close…
Wednesday night’s rally had already neutralized the attraction back to overbought RSIs at its 2387.50 intraday high. Lacking that upside attraction, opening at the 2384.00 bias-up signal was hindered from rallying. Its offsetting test of the 2376.00 bias-down signal was soon pierced under 2374.00. The afternoon pierced it, too. Both tests reacted up to test 2380.00. No unfinished business was left outstanding..

Overnight action’s new info…
That second reaction up to 2380.00 had developed through the futures close. A narrow 3-point range centered around 2378.50 broke lower 3 points in time to greet Europe’s opens testing 2376.00. That has now been recovered back up to 2380.00.

If, then…
Trading out Thursday range-bound has created pent-up pressure that is likely to be released by gapping open Friday. Greeting the open without yet probing either end of that range would still be vulnerable to trending quickly post-open. If sponsorship still hasn’t revealed itself through the open, then expiration will become highly unpredictable. At least, the morning. The afternoon still has a bullish WedEX influence pending, although that could be exercised by recovering from an intraday dip testing 2370.00 where Wednesday’s FOMC news was greeted. Gapping up or quickly surging must still contend with resistance back to Thursday’s 2384.00 open.

First Trade…
[Click here to view the Bias parameters] Exiting the open at 9:45 above 2381.75 would be likely to at least test the 2384.75 bias-up signal, but not necessarily by 10:15. Exiting the open under 2381.75 after touching it would be unlikely to trigger bias-up. Exiting the open under 2373.75 would be likely to trigger bias-down.

Phonetic dictation…
[NEW! Unreviewed voice-to-text real-time dictation of the Market Tour recording. Again, not reviewed or edited in any way, which can be equally confusing and humorous.] good morning welcome it is Friday it’s time for Friday’s Morning Market or not a lot going on overnight which is a little surprising versus the setup that we were left with yesterday afternoon just a sneak preview by the way for tomorrow Saturday review possibly this isn’t disgusting the first raid bug closed but we do have potential for a pretty important signal today I’ll discuss that momentarily yesterday’s drop through the open originated from the bias up signal over there was a gap up and what could have been left outstanding Wednesdays over but are a size would have attracted price up instead there was already that downward momentum to contend with and 23/84 bars of signal being the open tried I just couldn’t recover created some congestion that is highly likely to be retested at some point but not yesterday or at least it wasn’t as price dip down quickly to the 2376 down signal the offsetting test tested it retested it chipping away that’s holding somewhat accumulative traction below is a basically a usual complete replacement back to add fomc reaction that would have been the 23 7750 area and it’s still outstanding it fires don’t get it together here at the open we’re probably headed there before they are probably headed there at some point and I would say that some point is this morning because there’s a bullish FedEx that is pending to influence the afternoon so yesterday afternoon which twice held test of relevant support Allure Pryor High and here as well as I said earlier the offsetting tested by Stan signal but just couldn’t get it going the outside the entrance to 2380 repeated here through the close to the Future 7878 2523 overnight 7625 to any relevant level then it might be an afternoon in the context of a bullish FedEx that would mean the afternoon to have essentially doomed to failure and likely to be recovered in tirely how cover those parameters as we get into the open door get to the Border alright so big in the middle the range regardless I just can’t see taking any position in this range but really strict about 2380 would be compelling to get for the retest of the congestion congestion up to 2384 and then tomorrow recovery back to last Wednesday There’s No expiration so extreme today the void closing avoid testing so that there is no extreme so that any follow-through Monday morning could be absorbed in Reverse in the Monday afternoon or Tuesday morning actually because active of that retest definitely that’s influential just need to close under it we’ve got some higher highs overnight that are inhibiting that gold which Wednesday afternoon and already tested the 12:25 area or attacked it in reaction that forms see that Extended stays open to 12 basically 1233 1232 50th and Gabba easy clothes back under 12:25 to indicate that lower prayer house or not going to be tested today Health complete a bottom doesn’t have to though that’s the predictable set up silver kind of a similar setup if 1750 equates to the twelve Thirty to fifty for not closing above it and by the way now closing above it wood Target 1790 one bond without testing it’s pulled back limit for this corrected bounce that had targeted 14820 so we can’t discount the potential for that extending to the 150 area before resuming the decline crude oil farming hear it made it to an extra day without the Gap back to Tuesday’s close the island at Tuesday’s close or to find by Tuesday because without that vacuums back down so it does have some greater potential to extend higher now last Friday’s open point on 9550 and the natural gas switch closed back under 295 I also Jordan initially favorable knee jerk reaction up on the or any questions please post them in the chart room and I will be back before the of course if we see anything and no later than 9:15 to update as to what price action is done we do have by the way at 10 a.m. two or three actually 3 they’re all high profile two of them and consumers have a track record of influencing price action, which I’ll describe in real-time.