We have a small gap up to start the session/week, and it appears it already filled.
I'm looking to see what we do at overnight highs
Usually, 2 way trading, at least in the morning after a big day is the norm
tiny
Monday, August 6, 2012
Saturday, August 4, 2012
Friday, August 3, 2012
Market Update
Initial fade off the overnight highs didn't go very far, and then we walked it back up to the ISM Number. SO far, the release is providing more of a flutter than anything so we'll see if the Bulls want to make it a trend day or not.
1387.50 is a big number, it's not only Monday's high, but the best level we have seen in a number of months.
We could rotate down before that number, to give the super aggressive Bulls fits, but for now, we are holding steady here as we decide where we want to go. If we get the 87.50s, do we double top it there or rip it through and head for the blue skies?
As I finish this up we are now only a few ticks off those highs
tiny
1387.50 is a big number, it's not only Monday's high, but the best level we have seen in a number of months.
We could rotate down before that number, to give the super aggressive Bulls fits, but for now, we are holding steady here as we decide where we want to go. If we get the 87.50s, do we double top it there or rip it through and head for the blue skies?
As I finish this up we are now only a few ticks off those highs
tiny
Nice gap up
The Jobs Report has put a cherry on top of a ice move overnight by the market. The market started getting Off the European session and a not bad Jobs report juiced it a little bit more
We now have a nice size gap up that I'll be looking to fade it off the right setup and some resistance to lean into.
Overnight highs are the first level of interest for me.
Have a great day
tiny
We now have a nice size gap up that I'll be looking to fade it off the right setup and some resistance to lean into.
Overnight highs are the first level of interest for me.
Have a great day
tiny
Thursday, August 2, 2012
Wednesday, August 1, 2012
The Fed in about 30
The FOMC announcement is set for about 30 minutes form now
In my opinion, there will not be a QE3 announcement today. What this does to the market is the big question, and despite what some super gurus may tell you, it's a crap shoot.
Reacting to the reaction of the announcement is alwasy the more prudent strategy, so I'll be on the sideliens awaiting movement, if indeed it does happen. I think we should get some sort of movement, but who knows?
Remember, we still have the ECB announcement tomorrow and Job Numbers on Friday.
tiny
In my opinion, there will not be a QE3 announcement today. What this does to the market is the big question, and despite what some super gurus may tell you, it's a crap shoot.
Reacting to the reaction of the announcement is alwasy the more prudent strategy, so I'll be on the sideliens awaiting movement, if indeed it does happen. I think we should get some sort of movement, but who knows?
Remember, we still have the ECB announcement tomorrow and Job Numbers on Friday.
tiny
Tuesday, July 31, 2012
Small gap already filled
We had a small gap down to start the day and it was right at that last consolidation for the session from yesterday
Number at 10AM, lets see if anything gets initiated from there
tiny
Number at 10AM, lets see if anything gets initiated from there
tiny
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