Friday, August 16, 2013

OPEX - Friday Morning Prep; SchoolOfTrade.com Day Trading Strategy

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What you do speaks so loudly that I cannot hear what you say” — Ralph Waldo Emerson”

We are excited to finish up a busy and profitable week of trading with the last day of the week, and OPEX-Friday.

The third Friday of every month is when three different asset-classes will expire, and by the end of the day today all traders must be ready for the expiration on Saturday morning.  Because of this, we have been seeing lower-than-usual volume Wednesday, Thursday and this will continue today.  

We do have an important Red-Star news event this morning at 8:30am EST from Housing Starts and Productivity and Costs.  Both of these reports are important, but we know that everyone will be listening for clues from the housing starts report because the housing market has been doing very well recently and most traders use housing as a lagging indicator of consume confidence.
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