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Day Trading Course, Positive Eurozone auctions boost Euro
Day Trading Course, Positive Eurozone auctions boost Euro while FED extends near 0 interest rates to push Gold.
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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.
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| 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.
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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.
S&P500 day trading course Corona, Ca live trading seminar.
S&P 500 day trading course. Money Maker Edge day trading course is coming to Corona, California on November 4-6. Two days live training and one day live day trading.
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Our live training is a small group of 6-8 traders in the S&P 500 emini futures.
We will be covering:
- Business strategy – easy to use template that we will help you with every quarter to stay on track takes less than 5 minutes.
- Money Maker Edge Trading Code, a group of trade rules to follow. This is the base for every trading day.
- Money Maker Edge Trade Journal – Recording and quantifying results and keeping. So you can rely on what you did versus what you think.
S&P 500 day trading Journal
S&P 500 Day Trading Journal
- Precise Entry points – learn where to get in.
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How to enter the trade and minimize risk so you don’t throw your money away.
We are including a trade journal, the trade manual with the Money Maker Edge methodology, and membership to our trade room where you trade live with other profitable traders.
You don’t have to trade alone. The Money Maker Edge S&P 500 live room’s participants normally trade for an hour to an hour an half during the market. This room is open to anyone that has had the S&P 500 day trading course and most reach their daily goal in under and hour. This trading room helps re enforce the trading methods we use and makes it easier for the beginning trader to see the trades and make better choices. This is open to all traders that have completed our course.
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If you have any questions or For more information call Joel at 866-640-3737
S&P 500 day trading course for S&P 500 emini futures. Online and live trainings with a live trading room giving day traders a system and support. Trading with a group of profitable traders. Emini futures course focuses on trade mastery and practice
Learn how to day trade S&P500 Oct 15
S&P 500 day trading course levels on daily and weekly chart.
Trading opened today at 1082.25, up 13.5 points from yesterday’s 1069.75 close. We traded down the early part of the day to our low of 1077.75 by about 10:30am market time, then started with higher lows for the rest of the day. The high came in at 1089.75 around 3:30 then relaxed a little to close trading at 1088.75, up 20 points from yesterday’s close. Day time trading gave us a range today of 12 points while the gap at 1069.75 was left open for today.
