November 18, 2013
- in Uncategorized by schooloftrade
Day Trading Morning Prep 11/18/13; SchoolOfTrade.com
7:30am EST
Focus-Points this
morning:
morning:
· Crude Oil Futures will roll forward
to the 01-14 contract later in the session today, sharing volume with the 12-13
to the 01-14 contract later in the session today, sharing volume with the 12-13
· Traders prepare ahead of OPEX Week in
US Markets, Wednesday through Friday to be on our radar
US Markets, Wednesday through Friday to be on our radar
· Euro-zone Trade Balance hits ALL TIME
HIGHS for any September since the launch of the EU in 1999
HIGHS for any September since the launch of the EU in 1999
· Members of the EU beginning to
believe the worst is behind them and that the conditions have improved
drastically
believe the worst is behind them and that the conditions have improved
drastically
· Euro-zone equities are trading at
all-time highs
all-time highs
· Markets in China surge almost 3.00%
on details released from last week’s Third Plenum reforms, real estate prices
hit fresh record highs
on details released from last week’s Third Plenum reforms, real estate prices
hit fresh record highs
· Hang Seng is higher +.2.50% (23660)
· FDAX is higher +.75% (9233)
· E-Mini S&P is higher +.45% (1798)
· E-Mini Dow is higher +.55% (15962)
· EUR/USD is higher +.11% (1.3513)
· Gold is lower -.25% (1284)
· Crude Oil is lower -.21% (94.30)
Economic News on the
schedule today:
schedule today:
 |
| Economic News |
This morning we will see news from the housing sector in the
US, which has been on a bumpy ride over the last 6 months. We saw a big improvement in the housing index
earlier in the year, but recent numbers suggest the conditions may be
changing. In addition to housing, we
will also hear from a handful of Fed speakers starting at 12:15pm EST today.
US, which has been on a bumpy ride over the last 6 months. We saw a big improvement in the housing index
earlier in the year, but recent numbers suggest the conditions may be
changing. In addition to housing, we
will also hear from a handful of Fed speakers starting at 12:15pm EST today.
9:00am EST: Treasury
International Capital (TIC)
International Capital (TIC)
10:00am EST: Housing
Market Index
Market Index
12:15pm EST: William
Dudley Speaks
Dudley Speaks
1:30pm EST: Charles
Plosser Speaks
Plosser Speaks
 |
| Housing Market Index |
Housing Market Index – The
NAHB housing market index for September was not quite as high as it was August
but is still showing the best readings in nearly 10 years. The housing market
index was at 55 for the October reading, versus 57 in September and a recovery
peak of 58 in August. All three components, like the composite itself, were
down 2 points in September. The weakest of the components, traffic at 44, has
yet to pop over 50 this recovery which, given strength in sales, points to a
concentration of high powered buyers. The 6-month sales outlook is the
strongest of the components, at 62, with current sales at 58.
NAHB housing market index for September was not quite as high as it was August
but is still showing the best readings in nearly 10 years. The housing market
index was at 55 for the October reading, versus 57 in September and a recovery
peak of 58 in August. All three components, like the composite itself, were
down 2 points in September. The weakest of the components, traffic at 44, has
yet to pop over 50 this recovery which, given strength in sales, points to a
concentration of high powered buyers. The 6-month sales outlook is the
strongest of the components, at 62, with current sales at 58.
Click here to see today’s Economic Calendar
Are any of these
Red-Star news events today?
Red-Star news events today?
No, none of the news on the calendar this morning is
considered to be Red-Star news, which means this Monday morning is expected to
be a little sluggish as we get started. We
will assume today will be a range-bound market without any major news so we
will look for trading opportunities that fade-the-breakouts of the trading-range
we are in. Keep an eye on the price
action around the news times this morning and be ready to take your profit and
run.
considered to be Red-Star news, which means this Monday morning is expected to
be a little sluggish as we get started. We
will assume today will be a range-bound market without any major news so we
will look for trading opportunities that fade-the-breakouts of the trading-range
we are in. Keep an eye on the price
action around the news times this morning and be ready to take your profit and
run.
Which markets will
be affected by this news the most today?
be affected by this news the most today?
Housing news will impact all aspects of the markets this
morning, we will be watching our favorite Futures markets for trading
opportunities around the news events today.
morning, we will be watching our favorite Futures markets for trading
opportunities around the news events today.
===========================================================
Want to see us trade LIVE?
Click here to register for the
Free Trial!
Automated Trading Strategy; Let the
Computer do the trading
Computer do the trading
Are you a Crude Oil Trader? Click here to
trade Crude Oil
trade Crude Oil
Are you a Euro Trader? Click here to
trade Euro
trade Euro
Are you an E-Mini Russell Trader? Click here to trade
E-Mini Russell
E-Mini Russell
Are you a Gold Trader? Click here to trade
Gold
Gold
Join the Premier Live trade-room as an Advanced Member
