November 13, 2013
- in Uncategorized by schooloftrade
Day Trading Morning Prep 11/13/13; SchoolOfTrade.com
7:30am EST
Focus-Points this
morning:
morning:
· Fed-Tapering continues to take
center-stage in weighing-down equity markets
center-stage in weighing-down equity markets
· News from China disappoints, sends
stocks lower overnight
stocks lower overnight
· US Fed’s Lockhart says the ‘fed
tapering could begin in December after encouraging job reports from October’
tapering could begin in December after encouraging job reports from October’
· US Treasury Secretary says he ‘sees a
lot of strength in the US economy, housing market is strong’
lot of strength in the US economy, housing market is strong’
· European banks launch controversial
bond-offering
bond-offering
· EU Leaders continue to support the
de-valuing of the Euro, saying ‘the euro is too strong’
de-valuing of the Euro, saying ‘the euro is too strong’
· UK Jobless Claims continue to
impress, 12th straight monthly decline
impress, 12th straight monthly decline
· Analysts expect China to lower rates by
50bps in 2014 and 25bps in 2015 in attempt to boost growth
50bps in 2014 and 25bps in 2015 in attempt to boost growth
· Traders in the US wait for news from
the Treasury Budget and Ben Bernanke this afternoon
the Treasury Budget and Ben Bernanke this afternoon
· Hang Seng is lower -1.20% (22463)
· FTSE is lower -1.20% (6645)
· FDAX is lower -.35% (9050)
· E-Mini Dow is lower -.20% (15750)
· E-Mini S&P is lower -.25%
(1767.00)
(1767.00)
· EUR/USD is lower -.09% (1.3425)
· Gold is higher +.15% (1273.00)
· Crude Oil is higher +.25% (93.24)
Economic News on the
schedule today:
schedule today:
We don’t have a lot of news on the schedule for today’s US
trading session, however news from China and the EU overnight are going to be
providing lots of reactions in the price-action in today’s morning-session so
we will be ready.
trading session, however news from China and the EU overnight are going to be
providing lots of reactions in the price-action in today’s morning-session so
we will be ready.
Today’s Treasury budget news
at 2:00pm EST will offer the first data on the government’s new fiscal year,
one that follows a sharp drop in the deficit during fiscal year 2013. This will be a very interesting report to
watch the reaction from the markets this afternoon.
at 2:00pm EST will offer the first data on the government’s new fiscal year,
one that follows a sharp drop in the deficit during fiscal year 2013. This will be a very interesting report to
watch the reaction from the markets this afternoon.
NOTE: We do NOT have Crude Oil Inventories
today; Thursday @ 11:00am EST
today; Thursday @ 11:00am EST
 |
| Economic News Worksheet |
8:45am EST: Sandra
Pianalto Speaks
Pianalto Speaks
2:00pm EST: Treasury
Budget
Budget
7:00pm EST: Ben
Bernanke Speaks (no testimony)
Bernanke Speaks (no testimony)
Click here to see today’s Economic Calendar
Are any of these
Red-Star news events today?
Red-Star news events today?
None of the news today is considered to be Red-Star news,
which means we will need to wait for confirmation of an established trend
before we go looking for big runner targets.
A day without much news is always expected to be a sideways type of
trading day, but we can never assume, so we will be looking for selling-opportunities
at the highs and buying opportunities at the lows this morning until something
breaks out and then we will have to analyze the market personality at that time
to see if this breakout will be a fake-out-breakout.
which means we will need to wait for confirmation of an established trend
before we go looking for big runner targets.
A day without much news is always expected to be a sideways type of
trading day, but we can never assume, so we will be looking for selling-opportunities
at the highs and buying opportunities at the lows this morning until something
breaks out and then we will have to analyze the market personality at that time
to see if this breakout will be a fake-out-breakout.
Which markets will
be affected by this news the most today?
be affected by this news the most today?
The Fed continues to talk about Tapering in the month of
December, and the ECB just recently commented on the fact they think the ‘euro
is too strong’. I think we need to
beware that Gold & bonds are going to be on the front-line for reaction to
the taper-talk, but the Euro may be an easy peg-short this week with the recent
comments from the ECB.
December, and the ECB just recently commented on the fact they think the ‘euro
is too strong’. I think we need to
beware that Gold & bonds are going to be on the front-line for reaction to
the taper-talk, but the Euro may be an easy peg-short this week with the recent
comments from the ECB.
Is it me…or is the ECB playing too much gold with Helicopter-Ben
on the weekends?
on the weekends?
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