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Monthly Archives: February 2011

February 15, 2011

Housing Market Index

Definition.. -The National Association of Home Builders produces a housing market index based on a survey in which respondents from this organization are asked to rate the general economy and housing market conditions. The housing market index is a weighted average of separate diffusion indexes: present sales of new homes, sale of new homes expected […]

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February 15, 2011

Business Inventories

Definition.. -Business inventories are the dollar amount of inventories held by manufacturers, wholesalers, and retailers. The level of inventories in relation to sales is an important indicator of the near-term direction of production activity. (Bureau of the Census)-   Why Investors Care Investors need to monitor the economy closely because it usually dictates how various […]

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February 15, 2011

Treasury International Capital / Long Term Tick Flows

Definition.. -These Treasury data track the flows of financial instruments into and out of the United States. Instruments tracked include Treasury securities, agency securities, corporate bonds, and corporate equities.-   TIC data have been issued for the past 30 years, but only recently, due to an enormous rise in foreign participation in our markets, have […]

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February 15, 2011

Import and Export prices

Definition.. -Import price indexes are compiled for the prices of goods that are bought in the United States but produced abroad and export price indexes are developed for the prices of goods sold abroad but produced domestically. These prices indicate inflationary trends in internationally traded products.-   Changes in import and export prices are a […]

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February 15, 2011

Empire State Manufacturing Survey

Definition.. -The New York Fed conducts this monthly survey of manufacturers in New York State. Participants from across the state represent a variety of industries. On the first of each month, the same pool of roughly 175 manufacturing executives (usually the CEO or the president) is sent a questionnaire to report the change in an […]

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February 15, 2011

Retail Sales

Definition.. -Retail sales measure the total receipts at stores that sell durable and nondurable goods. Consumer spending accounts for two-thirds of GDP and is therefore a key element in economic growth.-   Consumer spending accounts for more than two-thirds of the economy, so if you know what consumers are up to, you’ll have a pretty […]

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February 14, 2011

Discipline to wait for the best patterns earns profit day trading crude oil and gold futures

830am est –          We check the morning prep on the blog –          We complete our news worksheet for today –          We noticed there is NO NEWS today –          We also looked at the balance of the week and see that o    OPEX on Friday, wacky wed o    FOMC Meeting mins on Wednesday @ 2pm EST […]

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February 14, 2011

New Momentum Indicator & Renko vs. Range Charts

Questions: –          Range vs. Renko –          The range bar measures a set range of price movements and when that range is met the bar prints. –          13RANGE = 13 TICKS OF PRICE RANGE IN EVERY BAR –          A renko bar does the same except the range has to be all in one direction for the […]

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February 11, 2011

Day Trading Crude Oil, Gold, Euro and Russell on ‘Fast Track Friday’

830am EST –          The dollar is dropping off the highs of the price channel, referenced in the morning prep –          The speed of the markets are very slow this morning –          We have tim geithner speaking on CNBC –          News @ 830am flat and as expected –          So we’re looking for the market to get […]

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