August 19, 2011
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Slow Summer Price Action? We trade FAILURES for HUGE Profits!
Today is OPEX, so being selective with the times we chose to trade will be the most important aspect today. You may not see a single trade today. OPEX Friday in the summer is screaming at us to be careful. 845am est Crude Oil futures are trading in a price wedge and an inside day. […]
Continue reading August 19, 2011
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Biggest Gold Rally since 2007…what does this say about our condition?
Gold rose to a record above $1,880 an ounce in New York, poised for the longest run of weekly gains since April 2007, as escalating concern that the global economy is slowing drove equities lower. The metal is set for a seventh weekly advance as worse- than-expected U.S. economic data and Europe’s debt crisis boost […]
Continue reading August 19, 2011
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The ‘BIG MAC Index’ used to identify overpriced currencies…but is it worth the Cholesterol?
THE Big Mac index celebrates its 25th birthday this year. Invented by The Economist in 1986 as a lighthearted guide to whether currencies are at their “correct” level, it was never intended as a precise gauge of currency misalignment, merely a tool to make exchange-rate theory more digestible. Yet the Big Mac index has become […]
Continue reading August 19, 2011
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Trade the News TradetheNews.com US Market Update
Dow -52 S&P -5 NASDAQ flat ***Economic Data*** – (CA) Canada July Consumer Price M/M: 0.2% v 0.2%e; Y/Y: 2.7% v 2.8%e; CPI Index: 120.0 v 119.8 prior – (CA) Canada July CPI Core M/M: 0.2% v 0.2%e; Y/Y: 1.6% v 1.6%e – (BR) Brazil Aug IBGE CPI IPCA-15 M/M: 0.3% v 0.2%e – (PD) […]
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Identify the Highest Percentage Trades with this Simple Technique
Identify the Highest Percentage Day Trades: – High Percentage Pattern – High Percentage Location – High Percentage Time of the Day Step 1: Learn the 3 price patterns – Breaker – Wave – 2Step Step 2: Use Multiple Timeframes – Slower timeframe o anchor chart o bird’s eye view of the market structure o 89range […]
Continue reading August 19, 2011
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Gold makes new highs and Crude Oil tumbles as traders head into OPEX Friday
————————————————————————————— The James’ Report: Professional Resources for Professional Traders ————————————————————————————— GoldFutures continue to make new all-time highs as traders seek shelter from falling prices elsewhere. CrudeOil tumbles again this morning, looking for a 4th week in a row in the red ————————————————————————————— Today’s Economic News: Looking at the news this morning, today is OPEX, and […]
Continue reading August 18, 2011
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Bull Price Channel Fails; Crude Oil and Mini Russell help us hit our daily goal
We thought today might be contract rollover on crude oil, however the volume is still higher on the 09-11 contract. We will roll forward to the 10-11 contract when the volume exceeds the 09-11 contract. On days like today where we’re ‘sharing volume’ with the 10-11 contract we don’t really worry about which contract to […]
Continue reading August 18, 2011
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Obama imposes sanctions on Syria’s petroleum industry
US President Barack Obama Aug. 18 signed an Executive Order imposing additional sanctions against Syria’s government, freezing any of its assets in the US, and banning the import into the US of petroleum or petroleum products of Syrian origin. “This EO…bans US imports of Syrian-origin petroleum or petroleum products; prohibits US persons from having any […]
Continue reading August 18, 2011
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Largest US Non-Financial Companies…surprised to see these names?
Apple, the maker of the iPhone and iPad, briefly overtook Exxon Mobil, an oil conglomerate, to become the world’s most valuable company by market capitalisation on August 10th. When debt is included, it is General Electric (GE) that takes top spot as the world’s largest non-financial company. GE’s size is skewed by its large financial […]
Continue reading August 18, 2011
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Trade the News Market Internals Update at 12:00ET
Dow -445 S&P -50 NASDAQ -115 ***Economic Data*** – (BR) Brazil Aug FGV Inflation IGP-10 M/M: 0.2% v 0.2%e – (PD) Poland July Sold Industrial Output M/M: -6.0% v -4.3%e; Y/Y: 1.8% v 3.5%e – (PD) Poland July Producer Prices M/M: 0.4% v 0.2%e; Y/Y: 5.9% v 5.7%e – 8:35 (US) Fed’s Dudley to speak […]
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