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Monthly Archives: October 2011
October 13, 2011
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Trade the News Market Internals Update at 12:00ET
Dow -105 S&P -13 NASDAQ -9 ***Economic Data*** – (IR) Ireland CPI MoM: 0.3% v 0.2% prior, YoY: 2.6% v 2.2% prior – (IC) Iceland Sept Unemployment Rate: 6.6% v 6.7% prior – (PD) Poland Sept CPI M/M: 0.1% v 0.4%e; Y/Y: 3.9% v 4.1%e – (PD) Poland Current Account: -€1.73B v -€1.4Be; Trade Balance: […]
Continue reading October 13, 2011
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Jobless Claims will give us early opportunities
————————————————————————————— The James’ Report: Professional Resources for Professional Traders ————————————————————————————— – crude oil trades outside of Wednesday’s trading range, outside day below the PLOD so sellers are in control. We have broken the recent bull price channel but we need to break major support 83.97 before we can call this a successful breakout of the […]
Continue reading October 12, 2011
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3 Clues for Day Trading Crude Oil & Mini-Russell Futures
800am EST Market personality appears to be our best friend this morning, we need some today! Very slow, not much going on at 800am EST as of this morning. 900am EST We haven’t seen much improvement in market personality in the past hour, still quite slow and the dollar index has now moved into a […]
Continue reading October 12, 2011
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Trade the News Market Internals update at 12:00ET
Dow +117 S&P +17 NASDAQ +35 ***Economic Data*** – (US) MBA Mortgage Applications w/e Oct 7th: +1.3% v -4.3% prior – (SA) South Africa Aug Manufacturing Production M/M: +7.6% v +2.3%e; Y/Y: +5.6% v -0.6%e – (CA) Canada Aug New Housing Price Index M/M: +0.1% v +0.1%e; Y/Y: +2.3 v +2.3%e – (MX) Mexico Aug […]
Continue reading October 12, 2011
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Breakout Strategies; when to TAKE it, and when to FADE it
Fade = to sell at resistance as price rises, to buy at support as price falls. · As price breaks out to new higher-highs I will look for overhead resistance and sell. · As price breaks out to new lower-lows I will look for support below and buy. Who: traders of all shapes and size, […]
Continue reading October 12, 2011
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Three Fed speakers along with FOMC minutes will make a busy afternoon for Fed watchers.
————————————————————————————— The James’ Report: Professional Resources for Professional Traders ————————————————————————————— – dollar index trades lower this morning, with more room to drop on the way down. Downtrend on the dollar index means we are looking at buying opportunities at the high-percentage trades this morning, and remember, this can change quickly on the dollar index so […]
Continue reading October 11, 2011
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Favorite day trading strategy after Holiday Weekend; Goal hit Crude oil & Russell futures
First day back after a long weekend, day traders will be getting back to their desks and starting their week’s a little slower than usual with Monday as a holiday. The first thing traders do this morning is get back into their routine’s and with no major news this morning we don’t have a lot […]
Continue reading October 11, 2011
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Trade the News Market Internals Update
Dow -33 S&P -1.5 NASDAQ +8 ***Economic Data*** – (PO) Portugal Aug Construction Works Index: 62.4 v 68.7 prior – (IS) Israel Sept Trade Balance: -$1.8B v -$1.7B prior – (IS) Israel Q2 Final GDP 3.7% v 3.5% prelim – (US) Sept NFIB Small Business Optimism: v 89.0e – (BR) Brazil Aug Retail Sales M/M: […]
Continue reading October 11, 2011
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traders come back from Holiday to early morning CAD News and a Quiet start to the week ahead
First day back after a long weekend, day traders will be getting back to their desk’s and starting their week’s a little slower than usual with Monday as a holiday. The first thing traders do this morning is get back into their routine’s and with no major news this morning we don’t have a lot […]
Continue reading October 7, 2011
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3 Clues for Day Trading NonFarm Payrolls Crude Oil & Russell Futures
800am EST The markets are trading inside their previous day’s ranges, slow and sloppy ahead of the 830am Non Farm Payrolls. 830am EST Non Farm Payrolls come out as-expected for the most part, an increase in the payrolls, but as expected with everything else. Dollar is falling in a short term down trend, so […]
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