The session before a big data day (like today’s employment report) often sees consolidative and directionless trade. This often resolves itself in a strong directional move after the data release. This move can be a good trade opportunity.
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This week’s crude oil inventory reports showed bigger than expected builds in US crude stocks, with inventories at all time highs for this time of year. Futures rallied in spite of this, giving us a good trade opportunity.
Below you will see the screenshot update to the Short position that was highlighted in this morning MDA SnapShot in the E-mini S&P. If you would like to follow these trades in real-time and have the ability to speak with me about them. Please subscribe to the newsletter and contact me directly.
The driver for the Gold market currently seems to be sentiment! The safe-haven aspects of the metal may have been a boost for the Gold, but will it be enough to propel it to further uptrends.
Not surprisingly, there was no rate hike this week, left unchanged at this week’s FOMC announcement last Wednesday, however in their press release they mentioned inflation is being held down, effectively admitting we are in a deflationary mode to which the Feds have zero tools to combat this.
The stock index futures traded sideways this week, albeit in a relatively large range. Reflecting this, the eMini S&P had an inside and narrow range day on Thursday, which resolved itself in a strong rally on Friday as the broke out of the recent range.
Here you will find the most recent trade update released today in the Market Dimensions Advisory. This update is showcasing a MDA SnapShot New Entry in the E-Mini S&P Market. To get these updates sent directly to your inbox, please subscribe for free.
Daniels Trading Senior Futures Brokers John Payne and Craig Turner discuss the sell off in corn, wheat and soybeans, the potential bottom in crude oil, and the dynamic between cattle cash and futures prices.
Here you will find the most recent trade update released today in the Market Dimensions Advisory. This update is showcasing a MDA SnapShot New Entry in the E-Mini S&P Market. To get these updates sent directly to your inbox, please subscribe for free. Published 1/28/16 7:52 am central: Traders, Yesterday was quite the volatile day.… Read more.
A trading session with a breakout rally is often followed by a Taylor Trading Technique Sell Short day. The eMini S&P futures followed this pattern today.