Day Trading Course, Positive Eurozone auctions boost Euro while FED extends near 0 interest rates to push Gold.

This week better than expected US equity earnings were offset by poor economic data.  Weak GDP in both the US and the UK, showed that final demand from the consumer is still relatively weak.  Supported by the ECB’s supply of low cost funds to European banks, positive auction data in peripheral Europe helped European bourses remain on the offensive. And the FOMC surprised investors by keeping rates low and extending the date that they will remain close to zero. FOMC and Earnings Drive Riskier Asset Sentiment. The dollar is broadly weaker for most of the week with European markets holding on to a better risk backdrop following another encouraging Italian auction, along with hopes for a Greek debt deal.  However, Portugal and Spain still remain a concern with Portuguese yields on the rise and Spanish retail sales and unemployment disappointing expectations. Discussions between Greece and its private sector creditors over a 100 billion Euros debt write-down edged towards an agreement, with bond holders seemingly willing to accept lower yields on their future holdings of Greek debt.  The two sides were discussing a deal that would see Greece pay an average coupon below 4% on newly issued Greek debt.  A deals would allow the EU to move closer to fiscal unity. On Friday, the US released 4th quarter GDP which increased by 2.8% annualized. Output was driven  by consumption, net external trade and inventories, with consumption boosted by the increase in real incomes as abating prices pressures should marginally boost real incomes.  Expectations were for an increase of 3%, which was slightly disappointing. On the earnings front, the US witness better than expected numbers from a number of large cap companies.  Caterpillar, 3M and Apple all showed much better than expected earnings.  Aplle beat expectations handily, selling more than 37 million iPhones.  Apple also surged with its sales of its iPad, selling 15.43 million units, which was 4 million more than it sold in the previous quarter. Apple sold 5.2 million Mac computers, beating its mark of 4.9 million. The FOMC took center stage mid-week by keeping rates unchanged and extending the time frame of when rates could change to the end of 2014. This initially helped riskier assets rally, which seemed to be relatively short lived.

The Euro Tests Resistance The EUR/USD was able to break through the 20-day moving average as investors moved into riskier assets.  The currency pair tested horizontal trend line resistance near 1.32, twice before profit taking pushed the currency back. Support on the currency major is seen near the 20-day moving average near 1.30, and then again at the 50-day moving average near 1.2850. Gold closes 4th week of gains Increasing liquidity from the FOMC pushed gold prices above resistance near 1680, on its way to 1730.  Momentum in the yellow metal continues to move higher, with the 20-day moving average crossing above the 50-day moving average. Target resistance for gold prices are 1750.  Support is seen near 1650.

Day trading course will be in your area soon, join us for Day trading education.

The S&P500 emini futures is one of the largest professionally day traded markets in the world. Our Day trading course focuses on training you on how to see price and direction in the marketplace and how to leverage your strengths to take a profit out of the market.

Disclaimer: day trading is high risk, do your own work : The efficacy of both technical analysis and fundamental analysis is disputed by efficient market hypothesis which states that stock market prices are essentially unpredictable. Be responsible for your trades, do your own work and never rely on others. When searching for a Day trading course, be sure you understand the risks involved in trading.

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Anyone trading in the market these days will have noticed one thing if nothing else.  The markets this last little have been pretty much like that of a roller coaster amusement ride.  For some people (Day Traders in particular) a lot of fun with large intra-day swings that can turn HUGE profits in short periods should you be on the right side, while others are scared to death (the average investor) fearing that any day now with these crazy moves they will watch yet another chunk of their portfolio disappear into the abyss.  The question is…  “Which are you?”    Are you getting the results that you want?  or are you running scared as every time it seems as though it could pick up and move in your favour, you seem to get get an unexpected turn against you?  If you are the second there is good news.  You can do something about it, and that is what I encourage you to do. Instead of watching from the sidelines or even worse watching your money disappear into the previously mentioned abyss.

That being said, let’s take a look at a chart of the S&P 500 to get an idea of what “could” happen over the next few days and possibly weeks.  Looking ar the daily chart we can see that since hitting the 1370 high in the last couple days of July, and the beginning of August when we hit the first low in the 1080.00 area we have been riding the previously roller coaster.  These ranges have traded sideways into a tightening range for 5 months now, forming a painfully large and long running pennant formation.  As we continue to see lower highs followed by higher lows our range continues to tighten as we wait for the unavoidable choice in direction to follow.

Day Trading Course

What direction you ask?  That is for an upcoming post, right now we will focus on getting you through the next few days and possibly weeks.  On the chart we can see that as of today’s close we are touching into a very important area of support.  That area is pretty much the point of control for this range we have been trading the last few months, the 1200-1210 area.  Should the support hold here, we will watch for the move back to 1220, and then 1250.  Should this 1200 area not provide the support needed to hold this market up, the next stop will be the 1185.00 area.  This will test again to find out if this 5 month trend will continue to hold or break out into direction. Should support hold, this pennant could continue to trade into the new year as things continue to drag on.  This could take anywhere from the next couple days until the end of next week to play out, then based on the move we get there we can then look at targeting the next.  Until then, Trade what you see.  I’ll see you at the starting line!

Day trading course will be in your area soon, join us for Day trading education.

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Day trading course will be in your area soon, join us for Day trading education.

The S&P500 emini futures is one of the largest professionally day traded markets in the world. Our Day trading course focuses on training you on how to see price and direction in the marketplace and how to leverage your strengths to take a profit out of the market.

Disclaimer: day trading is high risk, do your own work : The efficacy of both technical analysis and fundamental analysis is disputed by efficient market hypothesis which states that stock market prices are essentially unpredictable. Be responsible for your trades, do your own work and never rely on others. When searching for a Day trading course, be sure you understand the risks involved in trading.

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The S&P 500 has traded some 30 points to the upside through the overnight session.  Trading from the 1152 area all the way to test the 1185.

Looking at the daily chart with Fibonacci retracement lines on it we can see that this previous move has now retraced almost perfectly to 61.8% of the previous 210 point move up we witnessed through most of October.   Retracement targets for this current move include 1170.00, 1189.00, 1200.00 and 1210.00.

Day Trading Course teaches methods for targeting, riskmanagement and finding precise low-risk entries.

Should this move change back to another move down, targets will include 1170.00, 1160.00, 1152.00 and 1146.00.

The S&P500 emini futures is one of the largest professionally day traded markets in the world. Our Day trading course focuses on training you on how to see price and direction in the marketplace and how to leverage your strengths to take a profit out of the market.

Disclaimer: day trading is high risk, do your own work : The efficacy of both technical analysis and fundamental analysis is disputed by efficient market hypothesis which states that stock market prices are essentially unpredictable. Be responsible for your trades, do your own work and never rely on others. When searching for a day trading course, be sure you understand the risks involved in trading.

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S&P 500 trades back to test 1225.00 and is opening at resistace

It looks like the S&P 500 will be opening back up at resistance this am.  Overnight traded back to the 1230.00 area and is now testing in the 1222.00 area going into the open.  Today trading could see movement testing back to the low side with 1222.00, 1215.00, and 1208.00 the area’s to watch for.  A higher low on a 1 – 4hr chart could help give us confirmation on a bottom here (For now).   Should the previous lows from yesterday be broken I would watch things  move into the 1100′s, and most likely test to the 1180′s.

The S&P500 emini futures is one of the largest professionally day traded markets in the world. Our Day trading course focuses on training you on how to see price and direction in the marketplace and how to leverage your strengths to take a profit out of the market.

Should the retracement continue on this last couple days move down, we will be watching the 1230.00, 1236.50, and 1240.00 area’s of resistance.

Disclaimer: day trading is high risk, do your own work : The efficacy of both technical analysis and fundamental analysis is disputed by efficient market hypothesis which states that stock market prices are essentially unpredictable. Be responsible for your trades, do your own work and never rely on others. When searching for a day trading course, be sure you understand the risks involved in trading.

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Day trading course – S&P 500 tests key support in after hours trading.

The S&P 500 saw a 25 point run down yesterday as traders spent the last few hours of the day selling the S&P all the way down to the 1230.00 area by the closing bell.  Overnight saw prices move and retrace to the 1241.00 area before continuing to touch into the key 1222.00 area of support.  Looking at the daily chart we can see that this area is key area of support to the market right now.

Day Trading Course focuses on key support and resistnace levels and teaches how to see the direction in the market to make profits

After breaking the 1240.00 area yesterday, we have the  1220-22 area where we have tested at least 5 times now in the last month of trading.  Should today’s trading break the support in at 1220.00 then we will target 1208.75, 1200.00, 1196.50 and 1180.00 as the next area’s to watch for.  Should the 1220 support hold, some retracement targets will be 1236.00, 1240.00, 1248.25, with 1252.25 as a high.

Day Trading Course teaches exact entries and exits to make the most profits with the least risk.  Come and join us for our next training!

Day trading course will be in your area soon, join us for Day trading education.

The S&P500 emini futures is one of the largest professionally day traded markets in the world. Our Day trading course focuses on training you on how to see price and direction in the marketplace and how to leverage your strengths to take a profit out of the market.

Disclaimer: day trading is high risk, do your own work : The efficacy of both technical analysis and fundamental analysis is disputed by efficient market hypothesis which states that stock market prices are essentially unpredictable. Be responsible for your trades, do your own work and never rely on others. When searching for a Day trading course, be sure you understand the risks involved in trading.

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Day Trading Course focuses on key support and resistnace levels and teaches how to see the direction in the market to make profits

Going into the open we have seen a sell off overnight.  Watching the 1235-40.00 level of support today as markets continue to trade like yo-yo’s.  A break of the 1235 level could clear the way for price to move to test into the 1222.00 area, with 1213.50 and 1210.00 from there.  Should trading not break through the 1235.00 area it seems more consolidation between the 1230 & 1265 area is in store.

Day Trading Course teaches exact entries and exits to make the most profits with the least risk.  Come and join us for our next training!

Day trading course will be in your area soon, join us for Day trading education.

The S&P500 emini futures is one of the largest professionally day traded markets in the world. Our Day trading course focuses on training you on how to see price and direction in the marketplace and how to leverage your strengths to take a profit out of the market. Disclaimer: day trading is high risk, do your own work : The efficacy of both technical analysis and fundamental analysis is disputed by efficient market hypothesis which states that stock market prices are essentially unpredictable. Be responsible for your trades, do your own work and never rely on others. When searching for a day trading course, be sure you understand the risks involved in trading.

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The S&P Continues to trade towards the 1300 as it traded up to close at the 1260.00 level on Friday.  Trading moved to touch as high as 1270.00 in last nights overnight session before turning and trading down to the 1256.00 area of support.

Day Trading Course teaches you how to see key target area’s in the market while focusing on precise entries along with exact targets.

Trading today will provide up with a small gap to the upside at 1261.75 and traders seem to be happy to continue on this rally.  Upside targets for the next couple days will include 1258.25, 1263.00, 1270.00, 1275.00 and 1285.00.   Should the market need a retracement today some of the prices we will likely see include 1252.00, 1248.50, 1244.00 and 1239.25. 

See you at the starting line!

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Euro dropped sharply on concern of
contagion of debt crisis to Italy. Top rated bonds rallied as French
and German officials held talks on splitting the euro zone. Equity markets
dropped reflecting investor fears of economic slow down led by Europe.

German inflation figures released show a stable inflation at
2.9% last month. However the inflation rate is considered of second
importance compared to the possibility of a recession in Europe. The ECB last
week cut interest rates in an effort to boost growth with the risk of worsening
inflation in countries such as Germany.

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Day Trading Course, S&P moves into top side consolidation, learn how to trade stocks and futures.

Looking at the S&P charts we can see that we have moved into the top side area of this move now.  Price looks as though it will struggle between the 1250 and 1280 area for as much as a few days before finding the real direction.  Is the ralley over?  Will things turn and crash back into the low 1100′s?  Or will the rally regroup and continue into the Christmas season?  Hard to say.  Everybody out there has there opinion and fine reasons to support it.

Day trading course looks at price and direction, the support and resistance to the direction of the market.

I am looking at intraday today and see on a 1hr chart that this is turning into pennant trading formation.  We are trading a tightening range and waiting for the break out.  Area of consolidation today is between 1240 and 1257.  With a break through resistance we can look for the longer term upside targets of 1260.00, 1267.50, 1273.50, and 1282.00.  Low side movement could look for the 1232.50, 1227.50, and 1215.00 as targets.

The S&P500 emini futures is one of the largest professionally day traded markets in the world. Our Day trading course focuses on training you on how to see price and direction in the marketplace and how to leverage your strengths to take a profit out of the market.

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