The full version of this report with daily stock picks and real-time email alerts is available here for $20 per month Good Morning, Traders. With markets largely unchanged yesterday we figured it was a good time to point out some interesting intraday action via a couple of snapshots. Those of you who skip the <i>Under the Hood</i> section every day and race down to the <i>Bulls & Bears</i> or the <i>Model Portfolio</i> sections, may want to take a gander at the ES pivot points a little bit closer regardless of whether you are a futures daytrader or not. <img border=5 width=560 height=650 src="http://www.shadowtrader.net/focus_report_charts2008/080925FOC2.gif"> <img border=5 width=560 height=650 src="http://www.shadowtrader.net/focus_report_charts2008/080925ES.gif"> The upper picture is a shot of Wednesday's <i>Focus Report</i>. The lower is a shot of the <b>ES</b> or S&P Emini futures on a 15 minute timeframe from yesterday. Note how the high of the day not once but twice was exactly at the point called "pivot" which was listed in the report coming out the night before. This does not always work as textbook perfect as this, however, it works more often than not. Pauses or turns in the market (called pivots) often happen on an intraday basis exactly according to those figures. Plot the pivots daily and watch for awhile, you'll be pleasantly surprised. Not a futures trader, you say? That's fine. But why not use as many tools are are available to you to better time your stock and option entries? Being aware of where the pivots lie can help you do that and make a big difference. As far as the market is concerned, the top-line figures were inverted, creating a rather rare inside day which unfortunately does not give much clue. Market feels like its waiting for more news on the bailout. We remain patient and mostly in cash.