April 11, 2012

Day traders prepare for Crude Oil Inventories Strategy

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The James’ Report:  Day Trading Strategies for Professional Traders
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Professional Traders understand that small, easy-to-accomplish goals every day is the key to achieving long term success.  The idea is simple; find a small goal each day and try to achieve it.  Can you do it?  If not, make it easier until you can hit your goal every day.  Soon enough your goals will get bigger and you will have the confidence you need to achieve your goals, no matter what they are in the future.  What’s your goal for today?  Share it with us, with your spouse or your friends and ask them to hold you accountable each day.
***Notes/Observations from around the world***
– European shares rallied after a two month low taking cue from strong US equities finish following better than expected earnings from Alcoa. European debt concerns continue to linger in the markets after Italian debt auction demanded higher borrowing costs. German auction was technically uncovered with a bid to cover at 1.1x but the yield was lower. 
– Germany’s 2-year yield below Japan for the first time ever
– Spanish 10-year Govt bond yield moved back above 6% in early Europe to its highest level since December 13th; 5-year Spanish CDS near record 500bps
– Italy Bill auction saw higher yields compared to the mid-March levels
– Bank of Japan said to be considering more easing at its April 27th policy meeting
– Japan: Machine orders stronger than expected.

    schooloftrade

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