December 11, 2012

Day Trading Plan Prep; SchoolOfTrade

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The James’ Report:  Day Trading Strategies for Professional Traders
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The Great Circle; We all move in circular motions in our lives, and professional traders are no different.  Every planet in our solar system, and birthday we celebrate.  Think about where you were just 12 months ago today.  A full calendar year has passed, and things are the same as they always are, but a little different.  You’re wiser, more experienced, and ready to take on the challenges that today brings.  Embrace this knowledge and use it to anticipate opportunities in the future to be successful.

News from Europe & Asia for US Morning Session:
– German ZEW Economic Sentiment Survey turns positive for the first time since May 2012
– Australia Business Confidence hits 3 year low
– China New Yuan Loans data comes in below expectations but still posts first monthly rise in 3 months
– Spanish Bill auction results were solid; dealers eyeing Thursday Bond auction
– Greece again sells more than indicated in its Bill auction
– Italian 10-year yield reverses earlier rise, lower by almost 10bps heading into NY morning
– UK FTSE at 9-month high
Crude Oil Levels for Today
RESISTANCE:   86.78,
86.92, 87.20, 87.65, 87.80, 88.40
SUPPORT:        85.33,
85.10, 84.98, 84.54, 84.46, 83.86

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