Archive
Monthly Archives: February 2011
February 3, 2011
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EIA Natural Gas Report Inventories
Definition.. -The Energy Information Administration (EIA) provides weekly information on natural gas stocks in underground storage for the U.S., and three regions of the country. The level of inventories helps determine prices for natural gas products.- Natural gas product prices are determined by supply and demand – just like any other good and service. […]
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ISM Non-Manufacturing Index
Definition.. -The non-manufacturing ISM surveys nearly 400 firms from 60 sectors across the United States, including agriculture, mining, construction, transportation, communications, wholesale trade and retail trade.- Investors need to keep their fingers on the pulse of the economy because it dictates how various types of investments will perform. By tracking economic data like the […]
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Factory Orders
Definition.. -Factory orders represent the dollar level of new orders for both durable and nondurable goods. This report gives more complete information than the advance durable goods report which is released one or two weeks earlier in the month.- Investors want to keep their fingers on the pulse of the economy because it usually […]
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Productivity and Costs
Definition.. -Productivity measures the growth of labor efficiency in producing the economy’s goods and services. Unit labor costs reflect the labor costs of producing each unit of output. Both are followed as indicators of future inflationary trends.- Productivity growth is critical because it allows for higher wages and faster economic growth without inflationary consequences. […]
Continue reading February 2, 2011
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Snow can’t stop day trading profits, Sell the top of the channel on Crude Oil and buy a pullback on the Gold Futures
820am est – We saw 815am news with very light volume as the ADP employment news gave traders a heads up for nonfarm payrolls on Friday morning. – The snow storm across the US may have an impact on the opening of the physical pit on gold, crude oil, and other markets, but remember most […]
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Day Trading Pattern Failures on Gold, Crude Oil, Russell and Euro Futures
– Failure Patterns o For every pattern we have a failure of that pattern o Members will watch the 5th video in the advanced course o Members will come to training on Wednesday @1130am est to learn the patterns o Members will come in every day and ask ME to help them identify the patterns […]
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Day Trading Morning Prep Gold, Crude Oil, Dollar Index, Euro, E-mini Russell 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. 8:20 Gold & Currencies OPEN 8:15 ADP Employment Report 9:00 Crude Oil OPEN 9:30 US Market OPEN 10:30 E-mini Reversal 10:30 Crude Oil Inventories 11:00 Transition […]
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ADP Employment Report
Definition.. -The ADP national employment report is computed from a subset of ADP records that in the last six months of 2008, represented approximately 400,000 U.S. business clients and approximately 24 million U.S. employees working in all private industrial sectors. The data are collected for pay periods that can be interpolated to include the week […]
Continue reading February 1, 2011
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Sold the Highs on Crude Oil and Bought the Lows on Gold as they drop
845am est – The dollar index shows us a narrow wedge pattern on the 34range chart – Dollar speed is dropping, less than desirable for the speed, but this can quickly change – HIGHER LOWS on the dollar atr which tells us to be ready for a move sometime today, might not be now, but […]
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How to Predict Price Reversals
– Predicting Price Reversals o When the market goes in one direction, bounces off support or resistance and goes in the opposite direction. o Price reversals can occur at any level of S/R, but the best levels are always going to be: § HOD/LOD § Trend Lines § Double-tops/bottoms o We know where to look […]
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