June 11, 2012

Monday News Prep

Monday morning, our news prep is crucial for
locating the news overnight and the news today. 
There may be reaction to the news overnight, so we start there.
Bullish news overnight from China, France
and Spain will take center stage
this morning with the lack of major US news.  The question we need to answer is…will this
be perceived as bullish or bearish, and will this news bleed over into the US
morning trading session?
News for today is very weak.  
There is no major US morning session economic news to trade with this
morning.

There is no news for this afternoon besides some
Fed speakers and some possible reaction from the reports from Europe over the
weekend.  It’s going to be News from
China and Europe that will dominate the price action this morning.

    schooloftrade

    Click Here to Leave a Comment Below

    Leave a Reply: