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Monthly Archives: August 2011
August 10, 2011
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Fed Pledges to keep rates low, Crude bounces and Gold flattens
————————————————————————————— The James’ Report: Professional Resources for Professional Traders ————————————————————————————— – FOMC: Fed said it would hold rates LOW until mid-2013, gave no indication of QE3. All markets opened in positive territory – Crude Oil comes off the lows on Fed Statements – Gold stable after Fed Statement, shows signs of failure at the highs […]
Continue reading August 9, 2011
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Crude Oil Biggest Profit of 2011; Who says you can’t trade Summer?
FOMC-Day means we need to look for early morning volume, and expect price action to get sloppy after 1030am est today. It’s a summer trading day, so we expect lower volume earlier this morning, and with FOMC announcement at 215pm est this afternoon we know not to expect the late morning volume. If there is […]
Continue reading August 9, 2011
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We saw this coming! OPEC gets the jitters on Poor News Data across the Globe
With the outlook for economic growth in the US revised downward, the Organization of Petroleum Exporting Countries has cut its forecast for worldwide oil demand growth this year by 150,000 b/d. In its latest Monthly Oil Market Report, OPEC forecasts global oil demand will increase by 1.21 million b/d this year to average 88.14 million […]
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- in Uncategorized by schooloftrade
Preview Today’s FOMC Meeting announcement due @ 215pm EST
FOMC rate decision due out at 14:15ET- Today’s FOMC gathering is a one day meeting, and unlike the last two FOMC meetings, Chairman Bernanke will not be holding a press conference after today’s decision. – Given the market turmoil triggered by the European debt crisis and the S&P downgrade of the US credit rating, expectations […]
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Computer Running Poorly? Tips To Make Your Computer faster.
The following tips can help improve your computer’s performance and help make your computer run faster. The examples in this article are for Windows 7, Windows Vista, and Windows XP. However, these procedures work for all versions of the Windows operating system, with some slight variations from version to version. These tasks use utilities provided […]
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Trade the News Market Internals Update at 12:00ET
Dow +173 S&P +23 NASDAQ +65 ***Economic Data*** – (PO) Portugal Jun Trade Balance: -€1.0B v -€1.7B prior – (US) July NFIB Small Business Optimism: 89.9 v 89.9e – (US) ICSC/GS weekly chain store sales w/e Aug 6th: -0.5% w/w; +3.6% y/y – (CA) Canada July Housing Starts: 205.1KK v 194.5Ke v 200.8K prior (revised […]
Continue reading August 9, 2011
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Crude Oil Tumbles ahead of FOMC Day as Traders Fear QE3
————————————————————————————— The James’ Report: Professional Resources for Professional Traders ————————————————————————————— – FOMC decision later today: Traders wonder if the Fed will go ahead with QE3??? – China inflation comes hot at +6.5%, highest since 2008 – Hang Seng, FTSE 100Index enter bear market territory – ECB back in buying Spanish & Italian gov’t bonds – […]
Continue reading August 8, 2011
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Almost never made our goal today, use this strategy tomorrow
Monday’s during the months of July and August are expected to be a slower start for the same reasons you and I want to sleep in a little longer after a summer weekend as well. So we don’t see the early morning volume and often we wait until after 930am to take our first trade. […]
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Trade the News Market Internals Update at 15:30ET
DJIA -335 S&P500 -47 Nasdaq -93 ***Economic Data*** – (BR) Brazil July FGV Inflation IGP-DI: -0.1% v 0.0%e – (CL) Chile July CPI M/M: 0.1% v 0.2%e; Y/Y: 2.9% v 2.9%e; CPI Ex Perishables & Fuel M/M: 0.2% v 0.2%e – (CL) Chile July Trade Balance: $1.2B v $1.3Be – (CL) Chile July Copper Exports: […]
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Ignore the News, trade the Reaction to News
To Use the News or Not to Use the News? This morning we knew there was news @ 830am, so we know that we need to avoid trading from 825-835 and then use the market reaction to the news to make educated decisions. I ‘traded the news’ by simply knowing when the news was coming […]
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