August 5, 2013
- in Uncategorized by schooloftrade
Monday Morning Prep; SchoolOfTrade.com Day Trading Strategy
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“You
gain strength, courage and confidence by every experience in which you stop to
look fear in the face.”
gain strength, courage and confidence by every experience in which you stop to
look fear in the face.”
– Eleanor Roosevelt
This morning we return to our desks after a
busy week of news reports last week. If you recall, we saw the FOMC Announcement and Non-Farm Payroll Report last week.
busy week of news reports last week. If you recall, we saw the FOMC Announcement and Non-Farm Payroll Report last week.
The FOMC report mentioned the ‘tapering’ of
stimulus, which sent the markets higher.
On Friday last week we saw Non-Farm Payroll come in lower than expected,
which sent the markets right back down from their recent new highs. This yo-yo of price-action is likely to
continue into the first half of this week.
stimulus, which sent the markets higher.
On Friday last week we saw Non-Farm Payroll come in lower than expected,
which sent the markets right back down from their recent new highs. This yo-yo of price-action is likely to
continue into the first half of this week.
We
begin this week without any major news before the opening-bell at 9:30am EST. At
10:00am EST this morning we have our first news of the morning session with ISM
Non-Manufacturing Index.
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