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Monthly Archives: January 2011

January 20, 2011

Drawing Trend Lines with Sideways Trading Ranges, Reading Tape on Euro Futures

–          Horseshoe Pattern –          Byproduct of a sideways range, wide range –          How many monitors do you use? –          3 x 30” monitors, but you can get away with 2 x 24” monitors –          The big monitors are too expensive, require too much energy to power them up, and they get way too hot. –          […]

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January 20, 2011

Crude Oil Inventories

Definition.. -The Energy Information Administration (EIA) provides weekly information on petroleum inventories in the U.S., whether produced here or abroad. The level of inventories helps determine prices for petroleum products.- Petroleum product prices are determined by supply and demand – just like any other good and service. During periods of strong economic growth, one would […]

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January 20, 2011

Philly Fed Survey

Definition.. -The general conditions index from this business outlook survey is a diffusion index of manufacturing conditions within the Philadelphia Federal Reserve district. This survey, widely followed as an indicator of manufacturing sector trends, is correlated with the ISM manufacturing index and the index of industrial production.- Investors need to monitor the economy closely because […]

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January 20, 2011

Existing Home Sales

-Existing home sales tally the number of previously constructed homes, condominium and co-ops in which a sale closed during the month. Existing homes (also known as home resales) account for a larger share of the market than new homes and indicate housing market trends. (National Association of Realtors)- This provides a gauge of not only […]

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January 20, 2011

Jobless Claims

Jobless claims are an easy way to gauge the strength of the job market. The fewer people filing for unemployment benefits, the more have jobs, and that tells investors a great deal about the economy. Nearly every job comes with an income that gives a household spending power. Spending greases the wheels of the economy […]

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January 19, 2011

Dollar Index drops, buy the Gold and then Sell the Highs on Crude Oil Futures trading strategy

Click Here To Review Our Auto Trader Results From This Morning 815am est –          We’re starting our day with the dollar index –          Dollar broke new lows on the daily chart, so we’re looking for some decent price action if the dollar continues to move. –          The daily chart wont give me much more than […]

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January 19, 2011

Morning Prep Day Trading Crude Oil, Gold, Euro, Russell and Dollar Index Futures

Live Trade Room is open, come join us! Click here for helping logging into the Trade Room Let’s begin our morning routine with the economic news for today’s trading session.                            830am:  December Housing Starts/ Canada Manufacturing Survey (crude oil) *Watching crude oil futures at 830am for the news out of Canada (large producer of Crude […]

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