Archive
Monthly Archives: October 2011
Monthly Archives: October 2011
Dow -105 S&P -13 NASDAQ -9 ***Economic Data*** – (IR) Ireland CPI MoM: 0.3% v 0.2% prior, YoY: 2.6% v 2.2% prior – (IC) Iceland Sept Unemployment Rate: 6.6% v 6.7% prior – (PD) Poland Sept CPI M/M: 0.1% v 0.4%e; Y/Y: 3.9% v 4.1%e – (PD) Poland Current Account: -€1.73B v -€1.4Be; Trade Balance: […]
Continue reading————————————————————————————— The James’ Report: Professional Resources for Professional Traders ————————————————————————————— – crude oil trades outside of Wednesday’s trading range, outside day below the PLOD so sellers are in control. We have broken the recent bull price channel but we need to break major support 83.97 before we can call this a successful breakout of the […]
Continue reading800am EST Market personality appears to be our best friend this morning, we need some today! Very slow, not much going on at 800am EST as of this morning. 900am EST We haven’t seen much improvement in market personality in the past hour, still quite slow and the dollar index has now moved into a […]
Continue readingDow +117 S&P +17 NASDAQ +35 ***Economic Data*** – (US) MBA Mortgage Applications w/e Oct 7th: +1.3% v -4.3% prior – (SA) South Africa Aug Manufacturing Production M/M: +7.6% v +2.3%e; Y/Y: +5.6% v -0.6%e – (CA) Canada Aug New Housing Price Index M/M: +0.1% v +0.1%e; Y/Y: +2.3 v +2.3%e – (MX) Mexico Aug […]
Continue readingFade = to sell at resistance as price rises, to buy at support as price falls. · As price breaks out to new higher-highs I will look for overhead resistance and sell. · As price breaks out to new lower-lows I will look for support below and buy. Who: traders of all shapes and size, […]
Continue reading————————————————————————————— The James’ Report: Professional Resources for Professional Traders ————————————————————————————— – dollar index trades lower this morning, with more room to drop on the way down. Downtrend on the dollar index means we are looking at buying opportunities at the high-percentage trades this morning, and remember, this can change quickly on the dollar index so […]
Continue readingFirst day back after a long weekend, day traders will be getting back to their desks and starting their week’s a little slower than usual with Monday as a holiday. The first thing traders do this morning is get back into their routine’s and with no major news this morning we don’t have a lot […]
Continue readingDow -33 S&P -1.5 NASDAQ +8 ***Economic Data*** – (PO) Portugal Aug Construction Works Index: 62.4 v 68.7 prior – (IS) Israel Sept Trade Balance: -$1.8B v -$1.7B prior – (IS) Israel Q2 Final GDP 3.7% v 3.5% prelim – (US) Sept NFIB Small Business Optimism: v 89.0e – (BR) Brazil Aug Retail Sales M/M: […]
Continue readingFirst day back after a long weekend, day traders will be getting back to their desk’s and starting their week’s a little slower than usual with Monday as a holiday. The first thing traders do this morning is get back into their routine’s and with no major news this morning we don’t have a lot […]
Continue reading800am EST The markets are trading inside their previous day’s ranges, slow and sloppy ahead of the 830am Non Farm Payrolls. 830am EST Non Farm Payrolls come out as-expected for the most part, an increase in the payrolls, but as expected with everything else. Dollar is falling in a short term down trend, so […]
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