August 3, 2011
- in Uncategorized by schooloftrade
Crude Tumbles ahead of Inventories as Gold hits Record Highs
————————————————————————————— The James’ Report: Professional Resources for Professional Traders ————————————————————————————— European equities all lower overnight in the wake of the debt ceiling agreement on Tuesday. Equity Indexes across the Globe tumble; Russell, Dow, ES all breaking major support Gold Futures continue into record-breaking highs Crude Oil drops forth day in a row on less demand […]
Continue reading August 2, 2011
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Range-bound markets made for easy profits selling highs and buying pullbacks
We have personal income/spending news at 830am and we expect this to be lower than previous weeks. (USD bearish, crude bearish, gold bullish) The US Dollar Index is making new highs today, so we know selling gold, crude, euro and russell will be the higher percentage trades until the dollar changes its direction. Remember the […]
Continue reading August 2, 2011
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Trade the News Market Internals update at 12:00ET
Dow -101 S&P -14 NASDAQ -23 ***Economic Data*** – (US) ICSC/GS weekly chain store sales w/e July 30th: -0.3% w/w; +4.0% y/y – (BR) Brazil Jun Industrial Production M/M: -1.6% v -0.4%e; Y/Y: 0.9% v 2.5%e – (US) Jun Personal Income: 0.1% v 0.2%e; Personal Spending: -0.2% v +0.1%e – (US) Jun PCE Core M/M: […]
Continue reading August 2, 2011
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Debt Ceiling Deadline Looms as Day Traders prepare for personal spending news
————————————————————————————— The James’ Report: Professional Resources for Professional Traders ————————————————————————————— – Today is the deadline for the Debt Ceiling, and the US Senate is expected to Vote today around 2pm EST. – Consumer Spending numbers due out today at 830am expected to be lower than previous years – Slowdown in the US Economy affecting Stock […]
Continue reading August 1, 2011
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Biggest Profit of the Summer, 360 ticks Inside day on Crude Oil
Monday morning are a little slower than other days of the week, and summertime Monday’s are even slower b/c we assume traders are distracted as they come back to work on Monday morning. I trick my mind/emotions this morning by telling myself that my goal is getting into the rhythm, rather than taking big winning […]
Continue reading August 1, 2011
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Debt-Limit Agreement Likely to Pass, Republicans Say
Republican leaders and the Obama administration voiced optimism that Congress will pass a compromise plan to raise the U.S. debt limit by at least $2.1 trillion and slash federal spending by $2.4 trillion or more. The House plans to vote today on the agreement after a months-long struggle over raising the $14.3 trillion debt ceiling […]
Continue reading August 1, 2011
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Trade the News Market Internals Update at 15:30ET
Dow -67 S&P -9 NASDAQ -18 ***Economic Data*** – (PE) Peru July Consumer Price Index M/M: 0.8% v 0.3%e v 0.1% prior; Y/Y: 2.9%e v 2.9% prior; Wholesale Prices M/M: 0.3% v 0.3% prior – (CZ) Czech July Budget Balance (CZK): -61.1B v -62.9B prior – (BR) Brazil July PMI Manufacturing: 47.8 v 49.0 prior […]
Continue reading August 1, 2011
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Day Trading with Economic News and How they affect the markets we trade
Day Trading with Economic News and How they affect the markets we trade: NonFarm Payrolls (the biggest, most important) GDP: always a disappointment FOMC Day Announcement: when they meet FOMC Meeting Minutes: they share the notes they took in that meeting. Market Impact = US Dollar (HIGH) Trade Gold & Currencies when the dollar moves […]
Continue reading August 1, 2011
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Day Traders walking on eggshells as law makers look to approved the debt deal today
————————————————————————————— The James’ Report: Professional Resources for Professional Traders ————————————————————————————— – US debt deal reached but plan still needs to be approved by both houses in Congress (expected later on Monday) – Market participants await the rating agencies view of the US debt agreement – PMI Manufacturing data in Asia and Europe registers two-year […]
Continue reading July 29, 2011
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60 Minutes earns 120 ticks day trading Crude Oil & Gold after GDP News
Click Here To Review Our Automated Trading Results From This Morning Waiting on the Debt Ceiling vote today @ 10am Fed Economic Summit in Wyoming today Euro inflation concerns dropped this morning. Crude Oil dropping to new lows today. Gold sloppy at the highs, looking to buy at support. Volume will come in early with […]
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