Monday morning strategy retail sales and manufacturing starts OPEX Week

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The James’ Report:  Day Trading Strategies for Professional Traders

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THE STREAM:  Just as a stream flows down the mountain, the process of learning a new skill takes twists and turns as it develops its way through this process.  Take notice that the stream flowing with water will undoubtedly encounter rocks and obstacles on the way down into the valley below it.  Notice, the water flowing doesn’t stop and argue with each rock in its way to the valley below, it simply looks for the path of least resistance and flows right on past the obstacle.  The water flows left or right, up or down, and without any angry demands to get out of its way as it moves.  Even more, the stream flows with a sense of serenity, peacefulness, and other people around it will look forward to listening and observing.  Visualize yourself as the ‘stream’ today.  You are going to encounter problems, people in your way, but do not let these slow you down. You are a stream, move gracefully through this day today.

News from Europe & Asia for US Morning Session:

– Plan for Santander to buy RBS UK retail branches collapses
– Fed Chief Bernanke urges developing countries to let their currency appreciate to aid global rebalancing
– Scotland leader Salmond meets UK leader Cameron today to lay groundwork to end 300 years union with UK
– China Trade Balance has constructive components but doubts whether China will be able to sustain these numbers into the year-end; CPI release shows PBoC has room for ease if needed
– Renewed speculation that a Spanish bailout request will come in November to coincide with a revised Greek program and a Cyprus aid package
– Greece 10-year bond yields at lowest levels since the march PSI debt restructuring 
– India WPI inflation data at 10-month high and adds pressure on RBI to refrain from cutting rates