December 3, 2013
- in Uncategorized by schooloftrade
Day Trading Morning Prep 12/03/13; SchoolOfTrade.com
7:30am EST
Focus-Points this
morning:
morning:
· Traders across the globe reacting to positive news from the US
· Traders buzzing about a possible Fed
Taper earlier-than-expected
Taper earlier-than-expected
· Equities
trading in the Red across the board over fears of Fed Taper
trading in the Red across the board over fears of Fed Taper
· Gold
lost 2% on Monday, traders looking for short-covering rally today
lost 2% on Monday, traders looking for short-covering rally today
· Cyber
Monday Sales exceed expectations with Amazon and Ebay winning big
Monday Sales exceed expectations with Amazon and Ebay winning big
·
· FDAX is lower -1.25%
· E-Mini Nasdaq is lower -.20%
· E-Mini S&P is lower -.25%
· EUR/USD is higher +.30%
· Gold is higher .06%
· Crude Oil is higher +.25%
Economic News on the
schedule today:
schedule today:
 |
| Economic News |
Today’s economic news calendar is very light, but don’t let
that get us off our game this morning because Monday’s news was very important
and the global markets are reacting to that news overnight and most likely will
continue today.
that get us off our game this morning because Monday’s news was very important
and the global markets are reacting to that news overnight and most likely will
continue today.
We begin the session with Motor Vehicle Sales, which will
throw more fuel on the fire for an argument for Fed Tapering, so we will be
listening closely to the reaction in the price-action shortly after the start
of the session today.
throw more fuel on the fire for an argument for Fed Tapering, so we will be
listening closely to the reaction in the price-action shortly after the start
of the session today.
Looking forward to tomorrow we have three (3) Red-Star news events
on the schedule which MAY have traders sitting on the sidelines later in today’s
session. Keep an eye on the pace-of-tape
indicator and the market personality after lunchtime today for clues to when
the market is done trading for today.
on the schedule which MAY have traders sitting on the sidelines later in today’s
session. Keep an eye on the pace-of-tape
indicator and the market personality after lunchtime today for clues to when
the market is done trading for today.
Click here to see today’s Economic Calendar
Are any of these
Red-Star news events today?
Red-Star news events today?
No, there are no Red-Star news events on today’s calendar,
which means we will be watching for a range-bound market without any major news
to push price-action to new higher-highs or lower-lows. Take your profit-targets conservatively today
as traders look for reasons to participate, and if you see a good trend develop
hold onto that runner.
which means we will be watching for a range-bound market without any major news
to push price-action to new higher-highs or lower-lows. Take your profit-targets conservatively today
as traders look for reasons to participate, and if you see a good trend develop
hold onto that runner.
Which markets will
be affected by this news the most today?
be affected by this news the most today?
Gold moved over 2% on Monday so we will certainly be keeping
an eye on that price-action this morning.
E-mini’s and Crude Oil are reacting to the speculation over Fed Tapering
after Monday’s very bullish US news, so we will also be looking for trading
opportunities there as well.
an eye on that price-action this morning.
E-mini’s and Crude Oil are reacting to the speculation over Fed Tapering
after Monday’s very bullish US news, so we will also be looking for trading
opportunities there as well.
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