April 28, 2011
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Trade the News Market Internals Update
**Looking Ahead*** – 11:00 (US) Fed to purchase $5-7B in Notes/Bonds – 13:00 (US) Treasury to sell $29B in 7-Year Notes 10:33 AM Market Internals update at 10:30ET – NYSE volume 195M shares, about 10% below its three-month average; advancers lead decliners by 1.1:1. – NASDAQ volume 450M shares, about 4% below its three-month average; […]
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Day Trading Morning Prep Gold, Crude Oil, Dollar Index, Euro, E-mini Russell Futures
‘We are what we repeatedly do. Excellence, therefore, is not an act, but a habit’ – Aristotle Live Trade Room is open, come join us! Click here for helping logging into the Trade Room Let’s begin our morning routine with the economic news for today’s trading session. 8:20 Gold & Currencies OPEN 8:30 Jobless Claims […]
Continue reading April 27, 2011
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Price Wedge on Gold and Crude Oil earns FOMC Day Profits
820am est Lets review the 34range chart on the GC 06-11 contract – Sideways Ranges from earlier this week and we are trading inside them, making this an inside trading day – Bullish Price channel in pink trend lines gives this market some structure, gives our long trades a good final profit target, and gives […]
Continue reading April 27, 2011
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Trade the News Market Internals Update
***Looking Ahead*** – 11:30 (US) Treasury to sell $35B in 5-Year Notes – 12:00 (FR) France Mar Net Change in Jobseekers: -10.0Ke v -2.1K prior; Total Jobseekers: No est v 2.701M prior – 12:30 (US) FOMC Interest Rate Decision: Expected to hold interest rates steady at 0.25% – 14:15 (US) Fed Chairman Bernanke speaks at […]
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Fear is Not a Day Trading Strategy, Use This Proven Technique
Fear is NOT an Exit Strategy: – Taking profit or exiting the trade requires specific rules: o Slowing Speed o Momentum / MACD Against you o Big Money against you – Moving your stop too tight o Just because you have a lot of profit on a trade, does NOT mean you need to tighten […]
Continue reading April 27, 2011
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Day Trading Morning Prep Gold, Crude Oil, Dollar Index, Euro, E-mini Russell Futures
‘We are what we repeatedly do. Excellence, therefore, is not an act, but a habit’ – Aristotle Live Trade Room is open, come join us! Click here for helping logging into the Trade Room Let’s begin our morning routine with the economic news for today’s trading session. 8:20 Gold & Currencies OPEN 8:30 Durable Goods […]
Continue reading April 26, 2011
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A little personality goes a LONG way day trading Gold and Crude Oil Futures
Let’s review the Gold Futures this morning – 89range chart shows us the BIG PICTURE and the most important levels we need to use today o We see a bullish price channel and we are at the highs o We have two sideways ranges, 1 very wide and 1 much narrower o We have a […]
Continue reading April 26, 2011
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Trade the News Market Internals Update
**Looking Ahead*** – 11:00 (US) Fed to purchase $1.5-2.5B in Notes/Bonds – 11:30 (US) Treasury to sell 4-Week Bills – 13:00 (US) Treasury to sell $35B in 2-Year Notes – 15:00 (AR) Argentina Mar Shop Center Sales Y/Y: No est v 16.3% prior – 16;30 (US) API Weekly Energy Inventories – 22:00 (CH) China Mar […]
Continue reading April 26, 2011
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Day Trading Morning Prep Gold, Crude Oil, Dollar Index, Euro, E-mini Russell Futures
‘We are what we repeatedly do. Excellence, therefore, is not an act, but a habit’ – Aristotle Let’s begin our morning routine with the economic news for today’s trading session. FOMC Meeting Begins 8:20 Gold & Currencies OPEN 9:00 S&P/Case-Shiller home price index 9:00 Crude Oil OPEN 9:30 US Market OPEN 10:00 Consumer Confidence 10:00 […]
Continue reading April 26, 2011
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Fed Chairman Press Conference FOMC
Definition The Fed announced on March 24, 2011 that Fed Chairman Ben Bernanke will hold press briefings four times a year to explain the FOMC’s latest quarterly economic projections. The purpose of the briefings is to provide additional context for the FOMC’s policy decisions and to allow for Q&A with the press. According to the […]
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