June 8, 2011
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Dollar jumps on Bernanke’s Comments, Crude Oil’s Slump Continues, and Traders wait for Beige Book News later today
The Dollar Index jumped off its lows this morning on news from our Fed Chairman Ben Bernanke last night. In review of his speech many traders were surprised at his specific attention on Crude Oil Prices, Commodity Prices, and his specific point made about the Jobs in the US. Ultimately Bernanke confirmed that the Fed […]
Continue reading June 7, 2011
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Everyone knows where Crude Oil’s going…so why didn’t it?
830am est Let’s begin our day reviewing the dollar index: 89range chart shows me at the lows of the major price wedge. We also see a sideways range from a recent swing high and swing low. We see major support below us, and the BMT is above us. Three scenarios to consider: – Price may […]
Continue reading June 7, 2011
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Trade the News Market Internals Update
***Looking Ahead*** – (PO) Portugal Apr Industrial Sales M/M: No est v 12.2% prior; Y/Y: No est v 8.5% prior – 11:00 (US) Fed to purchase $1-2B in TIPS – 11:30 (US) Treasury to sell 4-Week Bills – 12:00 (EU) EU President Van Rompuy meets Finland’s Halonen – 12:30 (US) Fed’s Lockhart speaks on Economy […]
Continue reading June 7, 2011
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Crude Oil tumbles ahead of OPEC Meeting, Gold continues to rise on Global Economic fears and weak dollar
Crude Oil Futures continue to trade sluggishly lower this morning as traders appear to be sitting on the sidelines waiting for this week’s OPEC Meeting in Vienna on Thursday. There are concerns that OPEC will be talking about increasing output quotas of crude oil, even as prices have been dropping on lack of demand. If […]
Continue reading June 7, 2011
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Are Day Traders Driving Up the Cost of Crude Oil?
Post comments on the bottom and lets discuss in our live trade room 🙂
Continue reading June 6, 2011
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Dollar gave me first clue, Crude Oil confirmed at Wedge Highs
830am est We review the news ahead of the day and we see 830 and 10am news out of Canada which will HOPEFULLY drive prices around on the Crude Oil 07-11 contract. We have some concerns that traders may be sitting on hands without any major news today and with Tim Geithner at 1115 and […]
Continue reading June 6, 2011
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Trade the News Market Internals Update
***Looking Ahead*** – 11:00 (US) Fed to purchase $5-7B in Notes/Bonds – 11:30 (US) Treasury to sell $27B in 3-Month and $24B in 6-Month Bills – 12:00 (CA) ECB’s Trichet speaks in Montreal, Canada – 12:30 (BR) Brazil May Vehicle Sales: K v 289.2K prior; Vehicle Production: K v 280.1K prior; Vehicle Exports: Kt v […]
Continue reading June 6, 2011
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Market Sentiment for Day Traders, Identify & Profit with this technique
How do we use Market Sentiment? Market Sentiment is hard to define with rules/specifics, but its easy to see when it shows up. We also call this ‘market personality’, ‘Market Bias’, or ‘who’s in control’ Just like your doctor, you need to take the vital signs of the market you’re trading in order to have […]
Continue reading June 6, 2011
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Inflation concerns send markets moving early this week, Crude Oil moves lower ahead of CAD News
News out of Europe paints a concerning picture about economic growth, and news in the US is concerned about inflation over the weekend, sending the dollar index dropping, and moving markets around the world early this week of trading. This morning we do not have any major economic news to worry about, however, we do […]
Continue reading June 3, 2011
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NonFarm Payrolls Strategy prepares for the worst and capitalizes on the best
Click Here To Review Our Automated Trading Results From This Morning 830am est We wait for news at 830am Our Plan on Crude Oil: Buy the lows and sell the highs of the wedge and the sideways range Avoid the BMT area at 100.00 and the big round number at 100.00 As price drops im […]
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