December 10, 2013
- in Uncategorized by schooloftrade
Day Trading Morning Prep 12/10/13; SchoolOfTrade.com
7:30am EST
Focus-Points this
morning:
morning:
· Fed speculation continues as traders
focus on next week’s FOMC Meeting for further guidance
focus on next week’s FOMC Meeting for further guidance
· Most analysts expect a January 2014
taper to begin
taper to begin
· Negotiations continue with Iran over
nuclear deal, sanctions threatened
nuclear deal, sanctions threatened
· Germany and France are close to
reaching a deal on a banking union
reaching a deal on a banking union
· S&P
trades at new record-high amidst fear of Fed tapering
trades at new record-high amidst fear of Fed tapering
· Gold
makes its longest rally in over a month
makes its longest rally in over a month
· Crude
Oil trading higher, hits monthly highs
Oil trading higher, hits monthly highs
·
· E-Mini S&P is higher +.20% 1,808.25
· FDAX is higher +.10% 9,203
· Hang Seng is lower -.30%
· Crude Oil is higher +1.15% 98.47
· Gold is higher +1.05% 1,247.20
Economic News on the
schedule today:
schedule today:
This morning we have another trading session in the US
without any major economic news on the schedule. Monday was a sleeper without any news to get price-action
moving, and today may be a little bit of the same, however we don’t expect it
to be as slow as a Monday morning without any news. We should certainly see an improvement in
today’s price-action however we must protect capital today ahead of the
session.
without any major economic news on the schedule. Monday was a sleeper without any news to get price-action
moving, and today may be a little bit of the same, however we don’t expect it
to be as slow as a Monday morning without any news. We should certainly see an improvement in
today’s price-action however we must protect capital today ahead of the
session.
The only news worth looking
at today will be the JOLTS report at 10:00am EST because it will look into the labor market,
specifically giving us more information on the recent Jobless Claims reports
last week.
at today will be the JOLTS report at 10:00am EST because it will look into the labor market,
specifically giving us more information on the recent Jobless Claims reports
last week.
Yesterday we heard from
various Fed speakers,
all of which had an opinion on what will come next for the Fed. We can assume traders in the US will be
reacting to what they said yesterday afternoon, and we are likely to hear more ‘fed-speak’
until next week’s FOMC meeting on Wednesday.
various Fed speakers,
all of which had an opinion on what will come next for the Fed. We can assume traders in the US will be
reacting to what they said yesterday afternoon, and we are likely to hear more ‘fed-speak’
until next week’s FOMC meeting on Wednesday.
Click here to see today’s Economic Calendar
Are any of these
Red-Star news events today?
Red-Star news events today?
No, we do NOT have any major Red-Star news on the schedule
today. Red-Star news tells us to expect
more volume, volatility and trading opportunities however today we do not have
any major news. We will plan on trading
conservatively this morning until we see proof from the market personality and price-action
that we can be more aggressive. We know
that a big, continued move in price-action is unlikely without any Red-Star
news today, so we will plan to take profit-targets quickly and protect capital
at all times.
today. Red-Star news tells us to expect
more volume, volatility and trading opportunities however today we do not have
any major news. We will plan on trading
conservatively this morning until we see proof from the market personality and price-action
that we can be more aggressive. We know
that a big, continued move in price-action is unlikely without any Red-Star
news today, so we will plan to take profit-targets quickly and protect capital
at all times.
Which markets will
be affected by this news the most today?
be affected by this news the most today?
This morning the big question is which markets will be moving
without any major news? We will be
looking for clues in the price-action this morning to focus on a specific market
(or two) because there may not be much price-action early in the session
without any major news. We will begin to
analyze the price-action this morning at 8:00am EST and look for the market
personality that is moving today so we can focus on it.
without any major news? We will be
looking for clues in the price-action this morning to focus on a specific market
(or two) because there may not be much price-action early in the session
without any major news. We will begin to
analyze the price-action this morning at 8:00am EST and look for the market
personality that is moving today so we can focus on it.
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