'Trading is a process of observing the market's action until such a time you can find and form trading ideas and get involved.'**

Thursday, August 1, 2013

Market Update

Market indices continues to move upside for the FOMC (per reports yesterday) continues to purchase notes to augment the economy. The Crude bounced back from yesterday's positive employment report coupled with the jobless claims in today's favorable result. The Gold is still struggling, it continues to move sideways. Trading today is quite tricky for most of the big moves happened in the overnight session, if you are not quite fast enough to trade in the regular session, all you can have is the dust in your face for you are late in riding the bus, just wait for the next bus to arrive.