December 9, 2013
- in Uncategorized by schooloftrade
Day Trading Morning Prep 12/09/13; SchoolOfTrade.com
7:30am EST
Focus-Points this
morning:
morning:
· Global
markets are still reacting to last-Friday’s Non-Farm Payroll news
markets are still reacting to last-Friday’s Non-Farm Payroll news
· Equity Markets moving higher this
morning after Friday’s bullish jobs report
morning after Friday’s bullish jobs report
· Crude
Oil trading at 6-week highs as China’s demand rises
Oil trading at 6-week highs as China’s demand rises
· Analysts
speculate the next two weeks will be crucial for the Fed’s decision to
taper.
speculate the next two weeks will be crucial for the Fed’s decision to
taper.
· Chinese exports surge, suggesting
improvement in global consumption
improvement in global consumption
· George
Soros rumored to be interested in Greece’s Eurobank
Soros rumored to be interested in Greece’s Eurobank
· Fed Speakers dot the calendar this afternoon
as they discuss last week’s Non-Farm Payroll report, important ahead of next
week’s FOMC Meeting
as they discuss last week’s Non-Farm Payroll report, important ahead of next
week’s FOMC Meeting
·
· FDAX is higher +.25%
· E-Mini S&P is higher 1.12%
· EUR/USD is higher +.20%
· Gold is lower .15% 1227.30
· Crude Oil is even -0.00% 97.65
Economic News on the
schedule today:
schedule today:
 |
| Economic News Worksheet |
This morning is the Monday following Non-Farm-Payroll-Friday
which tells us that there will be a lot of ‘reaction’ from fund managers and
speculators. This morning we don’t have
any major news on the schedule, but the calendar does have some important Fed
Speakers later in the day to get things moving.
which tells us that there will be a lot of ‘reaction’ from fund managers and
speculators. This morning we don’t have
any major news on the schedule, but the calendar does have some important Fed
Speakers later in the day to get things moving.
Fed speakers start at 12:30pm EST today and we know the price-action
may be a little thin ahead of the opening-bell at 9:30am EST because there isn’t
any major news to get traders to participate if they aren’t already. Look for today to be a typical Monday,
sluggish at the start as traders get back to their desks, but look for
mid-morning moves ahead of today’s Fed speakers and then we will be watching
closely this afternoon for high-percentage-trades as the Fed takes center
stage.
may be a little thin ahead of the opening-bell at 9:30am EST because there isn’t
any major news to get traders to participate if they aren’t already. Look for today to be a typical Monday,
sluggish at the start as traders get back to their desks, but look for
mid-morning moves ahead of today’s Fed speakers and then we will be watching
closely this afternoon for high-percentage-trades as the Fed takes center
stage.
12:30pm EST: Jeffrey
Lacker Speaks
Lacker Speaks
12:50pm EST: James
Bullard Speaks
Bullard Speaks
2:15pm EST: Richard
Fisher Speaks
Fisher Speaks
Click here to see today’s Economic Calendar
Are any of these
Red-Star news events today?
Red-Star news events today?
No, we do not have any Red-Star news on the schedule today,
which means we will be taking profit-targets conservatively today and being
aware that there may be less participation from traders this morning because it’s
a Monday without any major news.
which means we will be taking profit-targets conservatively today and being
aware that there may be less participation from traders this morning because it’s
a Monday without any major news.
We’ve
been warned ahead of time, Monday without any news is a slow day waiting to
happen, so let’s stay patient and make the price-action PROVE to us that it’s
worth trading.
been warned ahead of time, Monday without any news is a slow day waiting to
happen, so let’s stay patient and make the price-action PROVE to us that it’s
worth trading.
Which markets will
be affected by this news the most today?
be affected by this news the most today?
We know that last week’s Non-Farm Payroll news report has
been trickling through the global markets over the weekend and today we should
see more reaction from Equity markets (emini’s) and Gold will certainly be a
mover to watch as ‘stimulus’ takes center stage ahead of next week’s FOMC
meeting.
been trickling through the global markets over the weekend and today we should
see more reaction from Equity markets (emini’s) and Gold will certainly be a
mover to watch as ‘stimulus’ takes center stage ahead of next week’s FOMC
meeting.
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