Sunday, March 28, 2010

Twitter Weekly Updates for 2010-03-28

S&P 500 Emini Day Trading Gap Monday March 29, 2010

S&P 500 Emini Futures Day Trading THE GAP [caption id="attachment_2149" align="alignleft" width="493" caption="S&P 500 Emini Day Trading Gap Monday March 29, 2010"][/caption] S&P Emini 500 Futures ended the last full week of the first quarter with a doji formation on the Friday daily chart.  Volume was average at 2.16 million contracts.  The day's range was a surprising 13 points, which is above the 14 day average true range of 11.3 points.  Still, volatility has been almost nonexistent in the Emini futures lately.  The big late market sell off on Thursday proved to be a non event as far as Friday's action was concerned.  This will be a short week with the market closed on Good Friday, April 2nd.  Even though the market is closed Friday, it appears non farm payroll numbers will still be released.  That's the current information, watch the news for confirmation of that report.  The expectation for extreme moves in the final three days of the first quarter of 2010 are low.

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FOREX, FXDMG "ONE MINUTE TRADER"

EUR/USD / BUY AT MARKET GMT

A WORD OF CAUTION... ALWAYS CONFIRM A TRADE WITH YOUR OWN CHARTS. IT'S NOT GOOD ENOUGH TO FOLLOW SOMEONE WITHOUT SEEING THE WHOLE PICTURE. MY SIGNALS ARE DESIGNED TO ALERT YOU TO WHAT I AM DOING AND WHAT I SEE IN THE MARKET. WATCH YOUR CHARTS AND I TRUST YOU WILL SEE THE SAME. ACT ON YOUR OWN UNDERSTANDING OF THE MARKET AND ALWAYS USE THE APPROPRIATE MONEY MANAGEMENT FOR YOUR ACCOUNT. DISCLAIMER... TRADING THE FOREX MARKET IS A RISKY BUSINESS AND THERE IS NO SUCH THING AS A GUARANTEED PROFITABLE TRADE. IF YOU FOLLOW MY TRADES YOU DO SO AT YOUR OWN RISK AND MUST NOT HOLD ME ACCOUNTABLE FOR ERRORS, OMMISSIONS, COMPUTOR DOWNTIME, INTERNET INTERUPTIONS, OR JUST PLAIN MISTAKES IN MARKET DIRECTION. PAST RESULTS ARE NO GUARANTEE OF FUTURE PROFITS. FXDMG

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EUR/USD / BUY AT MARKET GMT EUR/USD / SQUARE ACCOUNT GMT EUR/USD / BUY AT MARKET GMT 

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EUR/USD / BUY AT MARKET GMT EUR/USD / CLEAR TRADE AT MARKET GMT (SQUARE ACCOUNT) EUR/USD / BUY AT MARKET GMT

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Saturday, March 27, 2010

Forex day trading fund EURUSD moves up Friday close.

The euro appreciated vis-à-vis the U.S. dollar today as the single currency tested offers around the US$ 1.3405 level and was supported around the $1.3265 level.  The common currency has been quite volatile for weeks on account of uncertainty regarding financial assistance for Greece.  Ecofin ministers convened last night and today and an aid package for Greece was formally agreed to involving both financial assistance from the European Union via bilateral loans and the International Monetary Fund.  Late last night, European Central Bank President Trichet said IMF involvement would be "very, very bad" whereas today he indicated he was "happy" with the results.  Greek Prime Minister Papandreou reported Greece will sell more debt at an "opportune time."  The Greek aid package was structured so that Greece can tap the credit facilities if required but it is possible that Greece may never need to utilize these facilities.  Achieving a European  consensus on this issue was difficult but was facilitated by agreement between Germany and France.  Attention will now shift to fiscal woes in Portugal, Spain, and Italy.  Data released in France today saw March consumer confidence worsen to -34 from the prior reading of -33.  In U.S. news, data released today saw revised Q4 gross domestic product print at +5.6% from the prior reading of +5.9% while the GDP price index ticked higher to +0.5% from +0.4%.  Also, the Q4 core personal consumption expenditures index increased 1.8% q/q from the prior reading of +1.6% q/q.  Final March University of Michigan consumer sentiment printed at 73.6, up from the prior reading of 72.5.  Personal income and spending data and PCE numbers will be released on Monday.  Traders are paying very close attention to rising U.S. Treasury yields.  The 10-year Note is now yielding right around the 3.90% level and some economists believe the rate will move significantly higher to the 4.30% level. [...]

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