November 19, 2013
- in Uncategorized by schooloftrade
Day Trading Morning Prep 11/19/13; SchoolOfTrade.com
7:30am EST
Focus-Points this
morning:
morning:
· Contract Rollover today for Crude Oil
Futures, now trading 01-14 contract
Futures, now trading 01-14 contract
· Today is Tuesday of OPEX Week, Wednesday
through Friday are most important days of OPEX
through Friday are most important days of OPEX
· Markets are mixed this morning after news
from Europe and Asia leads traders to forward to Fed Tapering
from Europe and Asia leads traders to forward to Fed Tapering
· China’s PBoC pledges to move towards
market-based exchange rates and expanding its financial markets.
market-based exchange rates and expanding its financial markets.
· German ZEW Survey hits 5-year high
· Ben
Bernanke Speaking in the US this evening
Bernanke Speaking in the US this evening
· US Fed’s Dudley (dove) says the US
Fundamentals are looking increasingly better, “I am getting more hopeful”
Fundamentals are looking increasingly better, “I am getting more hopeful”
· Hang Seng is lower -.01% (23658)
· FDAX is lower -.37% (9192)
· E-Mini S&P is lower -.35% (1792)
· E-Mini Dow is higher +.09% (15976)
· EUR/USD is lower -.1-% (1.3493)
· Gold is higher +.25% (1276)
· Crude Oil is lower -.20% (93.53)
Economic News on the
schedule today:
schedule today:
This morning is the Tuesday of OPEX week, and we have some
important news to look forward to at 8:30am EST today.
important news to look forward to at 8:30am EST today.
We begin just before 8:00am EST with Store Sales which will
be a good leading
be a good leading
indicator for the Retail Sales sector as we go into the
Holiday season, but that is not the big news for the day today.
Holiday season, but that is not the big news for the day today.
All eyes this morning will be on the Employment Cost Index
news at 8:30am EST, so we will want to be ready for trading opportunities early
in today’s trading session.
news at 8:30am EST, so we will want to be ready for trading opportunities early
in today’s trading session.
8:30am EST: Employment
Cost Index
Cost Index
7:00pm EST: Ben
Bernanke Speaks
Bernanke Speaks
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 schedule today is considered Red-Star
news which tells us that we may have to be patient to wait for volume and high-percentage-trades
this morning.
news which tells us that we may have to be patient to wait for volume and high-percentage-trades
this morning.
The best strategy for a session without much major news is to
look for trading opportunities around the highs and lows of the ranges,
focusing on the price-reversals that occur around those areas. The chances are high that we will find a trading-range
this morning and stay contained within that range without any major news to
push things too far outside that range.
As always, we will wait to see what the price-action says!
look for trading opportunities around the highs and lows of the ranges,
focusing on the price-reversals that occur around those areas. The chances are high that we will find a trading-range
this morning and stay contained within that range without any major news to
push things too far outside that range.
As always, we will wait to see what the price-action says!
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