As I said in my previous post, it will stay flat/sideways and I was right.
Unless you can trade in the Globex (overnight session) market, you cannot catch the big move.
Big moves in the market usually (as always?) happens in the overnight session.
Wednesday, February 1, 2012
The market made a big move early in the Globex market and no way (as far as I can see) to make a trade in the regular trading hours.
As I said in my previous post, it will stay flat/sideways and I was right.
Unless you can trade in the Globex (overnight session) market, you cannot catch the big move.
Big moves in the market usually (as always?) happens in the overnight session.
As I said in my previous post, it will stay flat/sideways and I was right.
Unless you can trade in the Globex (overnight session) market, you cannot catch the big move.
Big moves in the market usually (as always?) happens in the overnight session.
Stocks Best Start Since 1994 Tops Commodities
By Rita Nazareth -
Jan 31, 2012 11:18 PM PT
Equities around the world are off to the best start in 18 years, topping gains in commodities and handing investors January’s best returns, as U.S. economic growth shows signs of accelerating and European leaders move closer to a solution on the region’s debt crisis.
The MSCI All-Country World Index rose 5.8 percent including dividends as banks and mining companies rallied 9.3 percent or more, according to data compiled by Bloomberg. The Standard & Poor’s GSCI Total Return Index of metals, fuels and agricultural products added 2.2 percent, the most since October. Global bonds climbed 0.6 percent and the U.S. dollar fell 1.1 percent.
Almost $3 trillion has been added to stock values and European shares ended a five-month bear market as economists lifted forecasts for U.S. gross domestic product. Reports showing American unemployment and Chinese inflation declined, while German investor confidence jumped, pushed up equities as the U.S. Federal Reserve pledged to keep interest rates near zero percent through 2014.
The MSCI All-Country World Index rose 5.8 percent including dividends as banks and mining companies rallied 9.3 percent or more, according to data compiled by Bloomberg. The Standard & Poor’s GSCI Total Return Index of metals, fuels and agricultural products added 2.2 percent, the most since October. Global bonds climbed 0.6 percent and the U.S. dollar fell 1.1 percent.
Almost $3 trillion has been added to stock values and European shares ended a five-month bear market as economists lifted forecasts for U.S. gross domestic product. Reports showing American unemployment and Chinese inflation declined, while German investor confidence jumped, pushed up equities as the U.S. Federal Reserve pledged to keep interest rates near zero percent through 2014.
Tuesday, January 31, 2012
The market went down today from the high open due to profit taking as well as negative consumers and housing reports.
A short sell in the open is the best trade to make a profit in today's market.
No way to make a long trade unless a position for a swing if you can spot a good entry at around 12:00 noon.
Expect a flat trading day come tomorrow?
Let's see!
A short sell in the open is the best trade to make a profit in today's market.
No way to make a long trade unless a position for a swing if you can spot a good entry at around 12:00 noon.
Expect a flat trading day come tomorrow?
Let's see!
A profit taking day today from the market and also the negative reports that came out regarding economic results for the housing and consumers.
The market is oversold considering the market rallied with low volume, most participants are already taking their long positions.
Expect a flat trading in the days ahead combine with extreme volatility.
The market is oversold considering the market rallied with low volume, most participants are already taking their long positions.
Expect a flat trading in the days ahead combine with extreme volatility.
Monday, January 30, 2012
The market made a u-turn (cup with a handle/inverted head and shoulder pattern?) today when it opened at the bottom.
A very good feedback coming from the participants.
Some profiteers made a killing early in the open but were not quite successful to finish them off (the longs).
The end result was that the close price almost able to beat the open price, not bad and there is still a positive conviction for this market.
A very good feedback coming from the participants.
Some profiteers made a killing early in the open but were not quite successful to finish them off (the longs).
The end result was that the close price almost able to beat the open price, not bad and there is still a positive conviction for this market.
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