Archive

Monthly Archives: October 2011

October 13, 2011

Jobless Claims will give us early opportunities

————————————————————————————— 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 reading
October 12, 2011

Three Fed speakers along with FOMC minutes will make a busy afternoon for Fed watchers.

————————————————————————————— 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 reading
October 11, 2011

Trade the News Market Internals Update

Dow -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 reading