Day trading course
Day Trading Course, Weekly Trading Report.
Day Trading Course, weekly trading report
Riskier assets were able to gain traction later in the week, as better than expected economic data, trumped the ongoing feet dragging surrounding the second bail out payment for Greece. The US markets continued to decouple from Europe, as better than expected employment, housing and manufacturing data, were released late in the week. The bank of Japan also surprised the markets with an expansion of their asset purchase program.
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The yen was the weakest of the major currencies during the week, following the BOJ’s unexpected 10 trillion dollar extension of its Japanese government asset purchase program. The Yen weakened approximately 2% vs. the US dollar. The weekly Ministry of Finance data shows that Japanese investors are buying an average of $7.5 billion dollars of foreign stocks and bonds per week this year, which is a large increase over last year’s purchases. At the same time, foreign investors have slowed their purchases of Japanese bonds and stocks.
In the US, better than expected Jobless Claims continued to propel the US equity markets. Jobless claims dropped by 13,000 to 348,000 according to the Labor Department. Analysts surveyed had expected claims to climb by 7,000 to 365,000. The decline below 350,000 is in line with an unemployment rate of approximately 6%, compared to the current rate which is near 8.3%. The better jobs picture is increasing investor sentiment and consumer confidence.
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In addition to the solid employment news, US housing numbers were also better than expected. Housing Starts last month increased 1.5% in December, according to the Commerce Department. The results were better than forecast. Economists surveyed had expected housing starts would rise by 3.0 % to a rate of 677,000. Building permits, which are a gauge of future starts, rose by 0.7% in January month over month to an annual rate of 676,000.
Yen Weakens on New BOJ Policy
The USD/JPY surged during the week as the Bank of Japan surprised investors by increasing their bond purchase program. The USD/JPY broke through resistance levels near 78.40, pushing higher during the balance of the week, and closing nearly 2% higher above 79.40.
Oil Prices Test Resistance
Crude oil price rose during the week, testing the $103 per barrel level, as a stronger than expected draw in weekly inventories drove prices higher. The potential for an embargo on Iranian oil has buoyed prices during the past few months, ahead of the US driving season. Oil climbed nearly 3% during the week, and a close above $103.70, will target resistance near $105.
Day trading course will be in your area soon, join us for Day trading education in Calgary Alberta on Feb 25-27. Contact us for more details and to register.
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.
DAY TRADING COURSE: CONTINUATION OR REVERSAL?
Day Trading Course, S&P 500
Day trading course focusing on the S&P500 emini futures support and resistance.
Day trading course looks at price and direction, the support and resistance and the direction of the market.
Day trading course will be in your area soon, join us for Day trading education.
The S&P e-minis futures gapped up in after hours trading to 1369.50 then held steady. This area is slightly higher than the ceiling of last May 2011 of 1350. 
In the last hour of 02/19/12 EST, price movement has tested down a little through support around 1366.
With the US holiday tomorrow of Presidents’ Day, the bond and equity markets will be closed during trading hours.
Considering the low volume and commitment of late, I have to ask, aren’t buyers exhausted yet? Not so far. It is doubtful that long term market direction will be determined in the next few hours.
Looking at a monthly chart reveals that it is possible a pennant has been forming.
If so, price will continue to meet resistance and start to move down from this area, with sellers taking control. If it does, the next levels of support could be around 1360, 1356, and 1350.
If buyers keep the reigns, even with so little commitment (decreasing volume), price might not meet resistance until around 1400. If it moves that far, then it might continue to 1438 and then 1462, testing highs of 2007!
Only trade what you see! Marie
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.
Day Trading Course, Low Volume & Low Volatility Due To EU Uncertainty
| Day Trading Course, Low Volume & Low volatility this week due to EU uncertainty.
Volatility has been reduced substantially since the end of 2011, as investors have been shielded from large swings due to uncertainty over the EU debt crisis.The issues related to peripheral countries has not vanished, but has merely been ignored as investors bid up prices for equity bourses. This week’s market participants refocused on concerns over the Greek deal as EU finance ministers demand more commitments from Greece. The issues related to releasing a second round of funding for Greece continues to be a moving target. The Greek government was able to convince its coalition partners to OK the austerity measures demanded by the Troika, but then Finance Minister Venizelos is told in Brussels that further austerity is needed. Another emergency finance ministers meeting is reportedly set for February 15, with officials saying must detail further budgetary measures totaling 325 million Euro. |
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| The Euro Chops Up InvestorsThe short squeeze in the Euro which started at the beginning of the week, ended in a tail spin as the Greek Finance Minister was told more austerity was needed prior to a second round of funding. The currency pair dropped nearly a big figure on Friday, after pressing up against resistance near 1.33. Support on the EUR/USD is seen near the 20-day moving average at 1.3170.
Gold Prices Test Support Despite increased liquidity from the Bank of England, Gold prices continued to be on the defensive, testing support levels near the 20-day moving average near 1710. A break of this level would likely target 1670. With the MACD pointing toward downward momentum, a lower target is likely on the yellow metal.
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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