Archive
Monthly Archives: June 2011
June 15, 2011
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Crude Oil Revenge Trade cost me 50 ticks, don’t make this mistake tomorrow
We begin our day with the US Dollar Index, which is seeing lots of buyers this morning after news out of Europe contributed to the fear of buying the Euro. Our 13range chart shows the strong bull price channel, which tells us price should be rising today. However, we also know that we are at […]
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Saudi’s swapping Crude Oil with United States?
Have you seen this yet? I heard rumors that the Saudi’s had ‘poor’ quality crude and they are trying to swap it out with some ‘better’ quality. Love your opinions on this…anyone have any thoughts? post em below. Visit msnbc.com for breaking news, world news, and news about the economy
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Trade the News Market Internals Update
Dow -74 S&P -9 NASDAQ -18 ***Looking Ahead*** – (RU) Russia May Producer Prices M/M: % v 1.5%e v 2.0% prior; Y/Y: 19.0%e v 20.2% prior – (PE) Peru Apr GDP Y/Y: 7.1%e v 7.9% prior – 11:30 (IS) Israel May Consumer Prices M/M: 0.5%e v 0.6% prior; Y/Y: 4.2%e v 4.0% prior – 11:30 […]
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Big Money makes an excellent Entry trigger, here’s how
Big Money for your entry trigger: We look for the time & sales window (read tape) to find the best times to enter a trade. We use our entry rules, in combination with tape reading to find the best times to enter trades at the best locations. We look for LARGE orders (elephant) on the […]
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Fear in Europe continues to move the US Dollar as Gold stabilizes and Crude oil demand continues to fall
Officials in Europe have failed to agree on a plan to rescue Greece, which has cause the Euro to tumble today, giving traders no choice but to move into Gold and the US Dollar Index overnight. This caused the Dollar Index to jump off the highs of our transition area we discussed in our trade […]
Continue reading June 14, 2011
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‘Inside Day’ on Crude Oil made for Easy Day Trading Profits
I begin my day with the dollar index. We discussed the inflation concerns on our morning prep today. We begin with the 89range chart and we see the following: New short term price channel from the swing high that occurred late Monday night. This new higher high creates the top of the wedge. Middle of […]
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Higher food costs drive inflation in China and India
If you’re wondering WHY people are so frightened by possible inflation, here is a great video showing where its starting… We love your comments and opinions, post them below in the comment box
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Trade the News Market Internals Update
***Looking Ahead*** – Second ESFS bond issue to raise funds for Portugal – 11:30 (US) Treasury to sell 4-Week Bills – 12:00 (IC) Iceland May International Reserves (ISK): No est v 759.2B prior – 13:00 (EU) EU Finance Ministers meet on Economic Governance, Budgets – 16:30 (US) API Weekly Energy Inventories – 17:00 (CO) Colombia […]
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Quadruple Witching & Options Expiration (OPEX)
Quadruple Witching: When 4 different asset classes expire. Stock Index Futures, Stock Index Options, Stock options, Single stock futures OPEX = When options on FUTURES expire, 3rd Friday of every month, unless the first day of the month is a Friday. My professional traders will watch, and trade very selectively during Quadruple Witching, and don’t […]
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Dollar looks confused trading in previous range as Crude Oil tumbles on demand concerns
The US Dollar Index fell yesterday afternoon into this morning’s trading session, pulling back into its trading range from late last week. Monday morning all signs pointed to ‘liftoff’ for the US Dollar Index (DX) but it appears that the ECB’s Trichet said something in his speech yesterday to calm everyone’s nerves…or was this the […]
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