August 10, 2011
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Will we see Higher demand on Crude Oil next year? USEIA thinks differently
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 […]
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Draw Trend Lines Correctly
We had a great webinar this morning in our live trade room. We discussed the correct way to draw trend line, and here is the snapshot we used as an example. Questions? Post them in the box below! Draw Trend Lines like a Pro!
Continue reading August 10, 2011
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Trade the News Market Internals Update at 12:00ET
Dow -430 S&P -41 NASDAQ -80 ***Economic Data*** – (US) MBA Mortgage Applications w/e Aug 5th: +21.7% v +7.1% prior – (IR) Ireland Consumer Confidence: 55.9 v 56.3 prior – (NO) Norway Central Bank (Norges) leaves Deposit Rates unchanged at 2.25%; Not expected (was expected to hike by 25bps) – (MX) Mexico May Gross Fixed […]
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Use this for Strategy for Sideways Markets & Trading Ranges
Day Trading Ranges and Sideways Markets Trading Range = resistance overhead and support below. No defined width of the range, just that we have a level above and a level below. Sideways Market = a lot of different characteristics · Double-tops and bottoms · Flat Trigger Line · Inconsistent speed at the highs or lows […]
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Fed Pledges to keep rates low, Crude bounces and Gold flattens
————————————————————————————— The James’ Report: Professional Resources for Professional Traders ————————————————————————————— – FOMC: Fed said it would hold rates LOW until mid-2013, gave no indication of QE3. All markets opened in positive territory – Crude Oil comes off the lows on Fed Statements – Gold stable after Fed Statement, shows signs of failure at the highs […]
Continue reading August 9, 2011
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Crude Oil Biggest Profit of 2011; Who says you can’t trade Summer?
FOMC-Day means we need to look for early morning volume, and expect price action to get sloppy after 1030am est today. It’s a summer trading day, so we expect lower volume earlier this morning, and with FOMC announcement at 215pm est this afternoon we know not to expect the late morning volume. If there is […]
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We saw this coming! OPEC gets the jitters on Poor News Data across the Globe
With the outlook for economic growth in the US revised downward, the Organization of Petroleum Exporting Countries has cut its forecast for worldwide oil demand growth this year by 150,000 b/d. In its latest Monthly Oil Market Report, OPEC forecasts global oil demand will increase by 1.21 million b/d this year to average 88.14 million […]
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Preview Today’s FOMC Meeting announcement due @ 215pm EST
FOMC rate decision due out at 14:15ET- Today’s FOMC gathering is a one day meeting, and unlike the last two FOMC meetings, Chairman Bernanke will not be holding a press conference after today’s decision. – Given the market turmoil triggered by the European debt crisis and the S&P downgrade of the US credit rating, expectations […]
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Computer Running Poorly? Tips To Make Your Computer faster.
The following tips can help improve your computer’s performance and help make your computer run faster. The examples in this article are for Windows 7, Windows Vista, and Windows XP. However, these procedures work for all versions of the Windows operating system, with some slight variations from version to version. These tasks use utilities provided […]
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Trade the News Market Internals Update at 12:00ET
Dow +173 S&P +23 NASDAQ +65 ***Economic Data*** – (PO) Portugal Jun Trade Balance: -€1.0B v -€1.7B prior – (US) July NFIB Small Business Optimism: 89.9 v 89.9e – (US) ICSC/GS weekly chain store sales w/e Aug 6th: -0.5% w/w; +3.6% y/y – (CA) Canada July Housing Starts: 205.1KK v 194.5Ke v 200.8K prior (revised […]
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