July 27, 2012

GDP, Consumer Confidence & Summer-Friday Trading Opportunities

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The James’ Report:  Day Trading Strategies for Professional Traders
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DRAGON WITHIN;  In an Eastern context, the Dragon refers to someone of great potential, although this potential cannot be seem at first.  For a professional trader, the dragon inside of us begins hidden away, under the surface, ready to emerge like clouds forming before a storm.  In the markets we trade, the Dragon is the manifestation of traders from around the world, all operating like a symphony with no conductor, giving people profitable opportunities every day.  Fibonacci de Pisa knew the dragon, so did Peter Steidlmayer.  What does the dragon mean to you today?  When you become the Dragon you manifest great power hidden inside yourself.  The harder you work, the more dedicated you become, the more successful you will be.  Release the Dragon inside you today!

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News from Around the Globe Overnight:
– Growing caution about how quickly the ECB could act on Draghi’s pledge to intervene in markets to fight the euro zone debt crisis.
– German Bundesbank reiterates view of being against govt bond buying
– Japan CPI weaker than expected
– Spain Q2 Unemployment hits a post Franco regime record high
– US Q2 Advanced GDP to be the highlight of the NY morning trading
– European equity indices opened the session higher on continued optimism following yesterday’s comments out of ECB head Draghi, in which he hinted at further bond purchases by the central bank (raising the stakes for the Aug 2nd ECB meeting). However, markets have since pared gains as Germany’s Bundesbank reiterated its opposition to bond purchases by the ECB.
– All eyes this evening are on London’s Opening Ceremony of the 2012 Summer Olympics.
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