Day trading course
Day traders Calgary Day trading group meet up April 15
Day traders Calgary Day trading group meet up April 15.
Hello Calgary Day Traders,
Due to the fact that next weekend April 16-18 will be a live Day Trading Course I have asked my personal friend and mentor from LA, California. Joel Wissing (creator or the “Money Maker Edge” trading course) to join us for a meetup while he is in Calgary to speak to you all!
Joel has joined us a couple times before and we always have a great time listening to him speak about trading and the markets. Whether you have attended a previous meetup and heard Joel before or have yet to come out to a meetup, this will be a fun evening that you won’t want to miss!
We will be starting at 6:30 instead of our usual 7 because when Joel is here we always seem to stay a little later! If you are a regular at our meetup or even if you haven’t made the time to join us yet I hope you make the time to come and meet Joel, so bring your questions and a friend or two!
We will be meeting at Ceiles down town.
Day Trading Course, S&P 500 Daily Price Action
Price traded up a couple points into the 1325 area in the overnight session after Friday traded to a low of 1318.75. Volume for Friday came in around the 1.88M mark, and trading closed the week at 1323.75. Watch for the low volume trading, this is where many people get hurt, looking for the move that doesn’t come. With no or low volume I will be looking for this to stay in the channel between 1323.75 and 1336.00. Today’s trading could see a test down to test the 1323.50 support with 1320.75 and 1315.25 as the next levels of support. With a downside break through 1320.00 area, price could continue to test into the 1305.00 area of support.
With light volume we could see this move back to the previous high in the 1336 area of resistance, we have been stuck in this area now for about 2 weeks.
Day Trading Course, Euro and Oil Breakout above resistance
The
Euro Breaks Out
The Euro broke out as yield differentials
continue to favor owning Euro’s. The resistance at 1.4250, was
retested, and then the EUR/USD continued to move higher. Support is now seen
near the 1.4250 level with resistance coming in near 1.46.
Crude
Leads Petroleum Higher
The Crude oil market broke out to make 2011
highs, and levels not seen since the run up in 2008. Support is now
seen at former resistance which is now support near 109.00. Resistance is now
seen near 115, and then against at 117.00.
Next
week the market will be watching
- Monday - German PPI, Japan BOJ
Meeting Minutes (2350) - Tuesday – NAB Business Conditions
(130 GMT), German CPI (600 GMT), UK CPI (830 GMT), EMU Zew (900 GMT), BOC
Interest Rate Decision (1300 GMT) - Wednesday – UK Claimant Count (830
GMT), US Beige Book (1800 GMT) - Thursday – US PPI (1230 GMT), US
Jobless Claims (1230 GMT) - Friday – China IP, CPI, PPI (200
GMT), US CPI (1230 GMT)
