Summer Friday; Traders Wait for GDP and Bernanke to give us opportunities today

————————————————————————————— The James’ Report:  Professional Resources for Professional Traders ————————————————————————————— – Ahead of the later today speech by the Fed’s Bernanke, European equity indices opened the session flat to slightly higher. However, markets have since moved off of the best levels, as some of the larger European banks have moved into negative territory, despite the […]

Mini Russell & Gold helped us earn +420 ticks day trading

Summer time trading means be patient in the early morning and be disciplined in the late morning. We expect to see volume early with 830am news, but then looking at volume dropping quickly after 1030am. The GDP tomorrow morning will have major money managers on the sidelines earlier than normal today. 805am est Gold Futures […]

Woah…I might have to BUY this one!

Grab your Crude Oil Charts…a hurricane’s a comin!

Hurricane Irene, the strongest Atlantic storm to threaten the U.S. since 2005, battered the Bahamas on a course that’s expected to take it near North Carolina this weekend and New England next week. Hurricane watches are in force for the North Carolina coast as 115 miles-per-hour (185 kilometers per hour) winds ripped through the Bahamas, […]

Trade the News Market Internals Update at 12:00ET

Dow -128 S&P -12.6 NASDAQ -33.6 ***Economic Data*** – (BR) Brazil Aug FGV Consumer Confidence: 118.7 v 124.4 prior – (TU) Turkey Aug Industrial Confidence: 109.8 v 114.1 prior; Capacity Utilization: 76.1% v 74.7%e – (BR) Brazil July Unemployment Rate: 6.0% v 6.2%e – (US) Initial Jobless Claims: 417K v 405Ke; Continuing Claims: 3.641M v […]

Finish your trading day & be ready for Tomorrow with this Simple Plan

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 […]

Traders Look for opportunities ahead of jobless claims and Jackson Hole Summit

————————————————————————————— The James’ Report:  Professional Resources for Professional Traders ————————————————————————————— – Markets appear to be enjoying a better risk backdrop ahead of Jackson Hole although Bernanke is unlikely to promise new action – The financial press reported that hedge funds have the largest short position on the S&P 500 since December 2008. The bearish bets […]

We’ve been waiting for this day on Gold Futures; 380 ticks of profit

745am est Crude Oil Futures: 89Range chart shows us a bull price channel, price wedge, and a sideways range. We know the bull channel tells us to buy pullbacks and to buy at support if price falls. We also know the wedge tells us to sell the highs and buy the lows of the range. […]

The Economic Symposium, held in Jackson Hole, is on everyone’s mind this week

The key event in central banking, and certainly the mind of the markets, for this week will be Ben Bernanke’s “Jackson Hole speech” scheduled to take place Friday the 26th of August at 10am ET.  The regular event is where US Federal Reserve Chairman, Ben Bernanke, in 2010 introduced the idea of a second round of quantitative […]

Members Training Notes 08 24 11

Hi Guys! We just finished another great training with our members and here is what we have up-dated on the course materials: – Add today’s Notes – Consolidated ALL of the members training notes into ONE SINGLE Post, open it up and you will see ALL of the training notes are there now. – Updated […]