July 27, 2011
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Gold pushes new Highs, Crude Oil pullsback off Big Round Number, and Traders prep for 830am news
————————————————————————————— The James’ Report: Professional Resources for Professional Traders ————————————————————————————— – US House Speaker Boehner battling resistance from within his own party in debt- ceiling standoff – S&P head of sovereign ratings Beers: Looking for a program that will make a difference in the medium term in slowing the increasing debt to avoid a downgrade […]
Continue reading July 26, 2011
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Day Traders see US slowing down, demand slows and crude oil drops
Paula Dittrick OGJ Senior Staff Writer HOUSTON, July 26 — US crude oil prices dropped on the New York Mercantile Exchange July 25, which analysts attributed to cautiousness by traders because talks appeared to have stalled in Washington, DC, regarding an agreement to raise the government debt limit and avoid a default by Aug. 2. […]
Continue reading July 26, 2011
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Trade the News Market Internals update at 14:00ET
Dow -54 S&P -1.5 NASDAQ +3.7 ***Economic Data*** – (BR) Brazil July FGV Construction Costs M/M: 0.6% v 0.6%e – (BR) Brazil July FGV Consumer Confidence: 124.4 v 118 prior – (US) ICSC/GS weekly chain store sales w/e July 23rd: +0.3% w/w; +4.2% y/y – (HU) Hungary Central Bank Interest leaves Base Rate unchanged at […]
Continue reading July 26, 2011
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US Dollar Tumbles as Crude Oil hunts for 100.00 and Gold looking for clues
————————————————————————————— The James’ Report: Professional Resources for Professional Traders ————————————————————————————— – Focus on US debt ceiling negotiations; Dealers feel that the AA rating will become the new normal – USD facing a possible crisis of confidence – India Central Bank raises key rates more aggressively – Auctions from Europe were mixed in Spain and Italy; […]
Continue reading July 25, 2011
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They keep on drillin’ for the black gold here in the US
By OGJ editors HOUSTON, July 22 — US drilling activity again made gains this week, up by 11 rotary rigs to 1,916 working vs. 1,585 a year ago, Baker Hughes Inc. reported. Land operations had the biggest increase, up 9 rigs to 1,861 active. Inland waters remained unchanged at 18. Offshore drilling was up by […]
Continue reading July 25, 2011
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Day Trading Computer Properties; Minimum and Most Effective
———————————————————————- When it comes to buying a new day trading computer there are lots of options to consider. Here is what I am using at this time for my trading computer. Feel free to use either the AMD or the Intel processor, just be aware they AMD processors do operate a little WARMER, so if […]
Continue reading July 25, 2011
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TradeTheNews.com US Market Update
Dow -64 S&P -6.3 NASDAQ -12.6 ***Economic Data*** – (TU) Turkey July Industrial Confidence: 114.1 v 114.6 prior; Capacity Utilization: 75.4% v 77.3%e – (US) Jun Chicago Fed National Activity Index: -0.46 v -0.40e – (BE) Belgium July Business Confidence: -2.5 v -2.1e; Nine-month low – (US) July Dallas Fed Manufacturing Activity: -2.0 v -5.2e […]
Continue reading July 25, 2011
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Dynamic or Static levels of support/resistance…which works better?
Dynamic = always changing, re-calculating, re-adjusting, liquid Example = – Trigger Lines – Today Highs/Lows of the day – Intra-day Fibs – Big Money Trigger Line (BMT) – Auto Levels – Swing Highs/Lows Static = never changes, always the same, sets up and then never changes Example = – PHOD – Daily Fibs (yesterdays OHLC) […]
Continue reading July 25, 2011
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Day Traders get back to business looking for market personality on Summer Monday
————————————————————————————— The James’ Report: Professional Resources for Professional Traders ————————————————————————————— – US debt ceiling negotiations continues to hit road blocks; – Political parties remained split as deadline looms; Equity markets were trading defensively – UK Business Sec Cable: BOE should consider more quantitative easing – Japanese officials continued their verbal intervention on the JPY ————————————————————————————— […]
Continue reading July 22, 2011
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Trade the News Market Internals Update at 12:00ET
Dow -49 S&P -2.4 NASDAQ +5.6 ***Economic Data*** – (CA) Canada Jun Consumer Price Index M/M: -0.7% v -0.2%e; Y/Y: 3.1% v 3.6%e ; CPI Index: 119.8 v 120.6 prior – (CA) Canada Jun CPI Core M/M: -0.6% v 0.0%e; Y/Y: 1.3% v 1.9%e – (CA) Canada May Retail Sales M/M: +0.1% v -0.3%e; Retail […]
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