Recently many traders starting to use scalping methods such as the Emini Scalp Trader while trading the Emini S&P. There are many advantages to scalping methods as oppose to long term or even day trades that can last for hours.
For one, emini S&P can and will provide opportunities for a “fast” grab of ticks or [...]
Friday, March 12, 2010
Oil prices are on the rise again as the International Energy Agency is the latest forecaster to increase their expectations for China oil demand. Yet the IEA went far beyond just increasing demand expectations for China they said that the demand growth that we have seen so far is astonishing. The IEA [...]
Friday, March 12, 2010
The brazenly bogus unemployment data disseminated to the news media each month by the U.S. Bureau of Labor Statistics appears to have tripped up Colorado. Although the state had reported a loss of 89,375 non-farm jobs in 2009, the actual number appears to have been much larger — 106,300, according to the [...]
Friday, March 12, 2010
Chinese consumer confidence rose in February (the things we watch these days!), however Chinese stocks were lower overnight on worries that the government may move more firmly to contain inflation. A research report from Citibank said that the Chinese may need to bail out banks that made loans to local Chinese governments. [...]
Friday, March 12, 2010
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EUR/USD
The Euro found support above 1.36 against the dollar on Thursday and had a generally firmer tone, although it was unable to make strong headway as ranges were generally narrow.
Fears over the Euro-zone eased slightly, although there was still a high degree of caution, especially with strikes within Greece [...]
Thursday, March 11, 2010
May sugar closed down 63 points at 19.69 cents yesterday. Prices closed near mid-range yesterday and hit another fresh 7.5-month low. Serious chart damage has occurred in sugar recently, including more yesterday. Prices are in a steep six-week-old downtrend on the daily bar chart. There are no early technical clues to suggest [...]
Thursday, March 11, 2010
Overnight there was a lot of data showing that the Chinese economy is running hot – high inflation and retail sales. PBOC Governor Zhou and a representative from the Ministry of Commerce both said that inflation will not be a problem this yes. What do they know that we don’t? It was [...]
Thursday, March 11, 2010
HOT! HOT! HOT! Inflation in China may be getting too hot to handle! Don’t touch or you could get burned. Could emerging China bubbles turn the commodities bull market into rubble? China’s inflation rate for consumer prices came out at a much hotter than expected 2.7 percent. That was sizzling compared to [...]
Thursday, March 11, 2010
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EUR/USD
The Euro again dipped to test support below 1.3550 against the dollar on Wednesday and the US currency was also unable to sustain a break below this level for the second day.
The Euro was able to stage a technical recovery during the day, bolstered by the ability to hold [...]
Wednesday, March 10, 2010
U.S. equity markets are trading firm overnight after yesterday’s surge to the upside. Buying pressure dried up late in the session, but no damage was done to the uptrend. Volatility is falling which is making traders appear complacent. This could be both good and bad. On the good side, it could mean [...]
Wednesday, March 10, 2010
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OVERNIGHT/EARLY MORNING DEVELOPMENTS
The market features in overnight/early morning trading today are firmer crude oil and gold futures prices.
JIM’S MARKET THOUGHT OF THE DAY *
Most agricultural commodity futures markets have price “seasonality,” whereby prices tend to trend higher or lower at certain times of the year. The seasonality in ag [...]