September 8, 2011
- in Uncategorized by schooloftrade
- |
- 1 comments
Bernanke says…no new stimulus…well…maybe.
Federal Reserve Chairman Ben S. Bernanke said policy makers will discuss the tools they could use to boost the recovery at their next meeting this month and stand ready to use them if necessary. Policy makers “are prepared to employ these tools as appropriate to promote a stronger economic recovery in the context of price […]
Continue reading September 8, 2011
- in Uncategorized by schooloftrade
Trade the News Market Internals Update at 12:00ET
Dow +61 S&P +5.7 NASDAQ +19.5 ***Economic Data*** – (UK) Bank of England (BOE) left both Interest Rates and Asset Purchase Target unchanged at 0.50% and £200B respectively; as expected – (CL) Chile Aug CPI M/M: 0.2% v 0.1%e; Y/Y: 3.2% v 3.1%e; CPI Ex Perishables & Fuel M/M: 0.2% v 0.2%e – (SA) South […]
Continue reading September 8, 2011
- in Uncategorized by schooloftrade
Trading Breakouts & Fake-Out Breakouts
Trading Breakouts: When price pushes higher than previous highs or lower than previous lows. Often called ‘Higher-Highs and Lower Lows’ a breakout is a very strong clue to the market direction for the future. The difference between a higher high and a breakout to new highs is the defined trading range. Successful Breakouts: The key […]
Continue reading September 8, 2011
- in Uncategorized by schooloftrade
Traders Prep for JObless Claims and Crude Oil Inventories ahead of key words from Bernanke and Obama Jobs
————————————————————————————— The James’ Report: Professional Resources for Professional Traders ————————————————————————————— – Gold Futures trading sideways as traders look for clues for demand – Crude Oil stalls at 90.00 and gives us an easy technical pattern – Euro continues to trade sideways looking for direction after the Swissy Peg & Rate Outlook – Australian jobs data […]
Continue reading September 7, 2011
- in Uncategorized by schooloftrade
Hurricane News & Recovery Hopes…enough to make crude test 100.00 again?
Crude oil climbed the most in four weeks in New York as a weather system threatened to reduce U.S. production from the Gulf of Mexico, where shut-ins from last week’s storm probably curbed stockpiles. Futures rose 3.9 percent as the disturbance in Mexico’s Bay of Campeche strengthened. The Energy Department may report that inventories fell […]
Continue reading September 7, 2011
- in Uncategorized by schooloftrade
Trade the News Market Internals Update at 12:00ET
Dow +144 S&P +18.5 NASDAQ +40 ***Economic Data*** – (PD) Poland Central Bank leaves the Base Rate unchanged at 4.50%; as expected – (US) MBA Mortgage Applications w/e Sept 2nd: -4.9% v -9.6% prior – (CL) Chile Aug Trade Balance: $491M v $1.1Be – (CL) Chile Aug Copper Exports: $3.6B v $4.2B prior – (US) […]
Continue reading September 7, 2011
- in Uncategorized by schooloftrade
Traders look for clues day trading crude oil, gold, euro and russell futures
————————————————————————————— The James’ Report: Professional Resources for Professional Traders ————————————————————————————— – Gold continues to see profit taking after new highs made yesterday. – Crude Oil gets a pop on new Hurricane News in the US – Euro trading at the lows of its range, opportunities for buying – US President Obama jobs plan looks like […]
Continue reading September 7, 2011
- in Uncategorized by schooloftrade
Price Structure clues trading Gold, Crude Oil and Russell Futures
The first thing I need to do is remind myself that today is best spent getting back into the routine I left last week when i went on vacation. Lets also remember that the news from Swiss overnight will not affect our day trading anything more than what we already know. How do we trade […]
Continue reading September 6, 2011
- in Uncategorized by schooloftrade
Obama orders controversial proposed ozone standard withdrawn for Crude Oil
US President Barack Obama ordered US Environmental Protection Agency Administrator Lisa P. Jackson to withdraw a proposed ozone national ambient air quality standard. Citing work already under way to update the 2006 limits by 2013, he said he would not ask state and local governments to implement regulations that would be reconsidered so soon. “I […]
Continue reading September 6, 2011
- in Uncategorized by schooloftrade
Trade the News Market Internals Update at 14:00ET
Disclaimer ———————————————- SchoolOfTrade.com and United Business Servicing, Inc. are not registered investment or trading advisers. The services and content provided by SchoolOfTrade.com and United Business Servicing, Inc. are for educational purposes only, and should not be considered investment advice in any way. U.S. Government Required Disclaimer – Commodity Futures Trading Commission. Futures and Options trading […]
Continue reading