Monday Re-Balancing after OPEX Friday Prep

The James’ Report:  Day Trading Strategies for Professional Traders

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MANIFEST SUCCESS:  Something very interesting happens when you create a plan and follow it with discipline and determination, you begin to see amazing coincidences and opportunities that you never thought would happen in such a short period of time.  Have you ever thought about an old friend today, and then see them the following day?  Have you ever studied the advanced price-structures and then miraculously they seem to appear before your eyes on your charts?  The same can be true for your weakest moments in life.  Do you speak negatively about things that occur during your day?  We shouldn’t be surprised if our negative thoughts do the same thing, and bring you nothing but more pain.   The best part of all this is that WE CONTROL OUR MINDS, and today we can make the decision to focus our intentions on what will make us better, more successful people and traders.

News from Europe & Asia for US Morning Session:

– Japan Sept exports drop at sharpest y/y pace since Feb 2011 earthquake/Tsunami
– Spain People’s Party (ruling) has mixed results in regional elections; winning Rajoy home region of Galicia but losing the Basque Country 
– Germany Govt considering allowing Greece to borrow money from bailout fund to buy back its own debt.

– Following the lower open, European equity markets have pared losses, led by Italy’s FTSE MIB, amid better than expected earnings reports out of Philips and Electrolux. In Greece, the Athens Stock Exchange has risen by over 2%, as the country’s 10 yr bond yields have hit lows not seen since Aug 2011, amid ongoing speculation related to a possible debt buyback. Banks are broadly higher, led by Commerzbank, Barclays, BNP and Unicredit. In terms of US corporate earnings, firms due to report results during the US morning include Caterpillar and copper firm Freeport McMoran.
– Strong yen has taken on Japanese with the precarious state of the Japanese economy and the need for even more monetary easing are making the currency less attractive

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