Archive
Monthly Archives: July 2011
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 […]
Continue reading July 22, 2011
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Markets waiting for news on Greece and Crude and Gold try and lock in weekly gains
————————————————————————————— The James’ Report: Professional Resources for Professional Traders ————————————————————————————— Today’s Global Overview (what you don’t need to know) – Markets await the response from the rating agencies and whether a Greek default would trigger CDS. – European shares rose after Eurozone leaders reached an agreement for a second bailout of €109B for Greece. Financials […]
Continue reading July 21, 2011
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Day Traders Prepare for a Busy Climax to the Week
————————————————————————————— The James’ Report: Professional Resources for Professional Traders ————————————————————————————— Today’s Global Overview (what you don’t need to know) – EU Summit agreement on Greece could still provoke a selective default – Risk aversion sentiment picks up momentum as the session wore on in Europe – Major European PMI readings disappoint – China HSBC Manufacturing […]
Continue reading July 20, 2011
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Morning Prep; EU Looks for Confidence in the markets ahead of important meetings
—————————————————————————————- The James’ Report: Professional Resources for Professional Traders —————————————————————————————– Today’s Global Overview – Growing optimism on a ‘shock and awe’ plan to prevent contagion in Europe —————————————————————————————– ***Speakers Overnight:*** – EU Finance Ministers are said to meet ahead of Planned Thursday EU Summit (in line with speculation); the officials may discuss a narrowing of […]
Continue reading July 19, 2011
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Looking for Clues on Gold and Crude Oil Morning Prep
Sorry for the title of the email..our trade room is closed today. Re-opening Monday @ 745am ——————————————————————- Highlights from earlier today… – Few Signs of progress in US debt talks and the markets are sluggish because of this – ECB’s Trichet: He is confident that worst-case debt scenarios in both Europe and US can be […]
Continue reading July 15, 2011
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Gold stalls at the highs while Crude Oil sits in transition on OPEX Friday
————————————————————————- Gold pushed to new highs earlier this week, and this morning we see gold stalling at the highs while investors take profit from these record-breaking price levels. Crude Oil continues to get pushed lower this week on concerns over demand in the global marketplace. Recent news reports have confirmed slowing manufacturing reports, more […]
Continue reading July 14, 2011
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Inside Day on Crude Oil gave easy clues; Divergence at the Highs made us our daily profit goal
We get our first clue this morning from the dollar, we see the 89range BMT is right on top of our price. This means price action on other markets will be sloppier than normal until we get further away from the BMT. US Dollar index is trading sideways in the short term trend, which tells […]
Continue reading July 14, 2011
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Ben Bernanke Hints at More Stimulus and Crude Oil Futures rise
Sam Fletcher OGJ Senior Writer HOUSTON, July 14 — Energy prices continued climbing July 13, with crude posting a small gain in the New York market on a weaker dollar after Federal Reserve Chairman Ben Bernanke indicated an additional monetary stimulus may be in the works. “Putting the remark in the context of the recent […]
Continue reading July 14, 2011
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Inside Day on the US Dollar Index gives profitable clues
Inside Day on the US Dollar Inside Days = trade inside the range (buy lows, sell the highs, expect a fake-out breakout) Outside Days = trade outside the range (buying pullbacks with new highs, selling retracements with new lows, looking for breakouts The dollar is a correlation tool, so we don’t actually trade the dollar, […]
Continue reading July 14, 2011
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Trend Channels on Gold and Crude Oil as day traders prep for Jobless Claims
——————————————————————————————————— Day Traders are seeing higher gold prices this morning after Ben Bernanke spoke about more stimulus for the US and investors seek shelter from inflation across the globe. Crude Oil is also higher this morning, getting stubbornly-closer to that big round number of 100.00 again, after news this morning gave it strong support out […]
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