Archive for November, 2009

ES Emini Day Trading: Pivot-Fed Announcements-Commentary

By trader7757, 30 November, 2009, No Comment
ESZ9
For 12/01/2009
How To Use
Symbol R1 R2 Pivot S1 S2
ESZ9 1100.33 1105.92 1092.42 1086.83 1078.92

Fed and Fed Agency Announcement

Redbook
[Bullet8:55 AM ET
ISM Mfg Index
[Report][Star]10:00 AM ET

Charles Plosser Speaks
12:20 PM ET

In depth Consensus Reports

Motor Vehicle Sales
Released on 12/1/2009 For Nov, 2009
Prior Consensus Consensus Range
Domestic Vehicle Sales 7.9 M 7.75 M 7.50 M to 8.00 M

Market Consensus Before Announcement
Sales of domestic light motor vehicles in October rebounded 17.2 percent to 7.8 million units as sales returned to normal-at least for the current recovery. Combined sales of domestics and imports in rose to a 10.5 million annualized unit rate from 9.2 million in September. Now that the monthly swings from cash-for-clunkers have been wrung out from the data, November will stand out as a possibly true measure of the strength of demand for motor vehicles and of the viability of the consumer sector to a large degree

ISM Mfg Index
Released on 12/1/2009 10:00:00 AM For November, 2009
Prior Consensus Consensus Range
ISM Mfg Index – Level 55.7 55.0 53.8  to 56.0

Market Consensus Before Announcement
The composite index from the ISM manufacturing survey jumped more than 3 points in October to 55.7. This is the strongest for this index in more than three years. Showing the most improvement of the composite’s components was the production index which advanced over 7-1/2 points to 63.3. But we may see some leveling off in the composite index in November as the new orders index eased from 60.8 in September to 58.5 in October, but still remained well in positive territory. Price increases were steady in the month, showing little change at 65.0 compared to 63.5 in September.

Construction Spending
Released on 12/1/2009 10:00:00 AM For October, 2009
Prior Consensus Consensus Range
Construction Spending – M/M change 0.8 % -0.4 % -1.5 % to 0.3 %

Market Consensus Before Announcement
Construction spending was sharply higher than expected for September but a large downward revision to August was essentially offsetting. Overall construction spending advanced 0.8 percent in September after slipping a downwardly revised 0.1 percent in August. The decrease in August was now significantly lower than the original estimate of a 0.8 percent gain. The boost in spending in September was led by a 3.8 percent surge in private residential outlays. Private nonresidential declined 1.8 percent and public outlays decreased 0.1 percent in the latest month.

Some Commentary on Day Trading Chart Patterns

By trader7757, 30 November, 2009, No Comment

Somewhere along the line, we’re brainwashed into thinking that chart pattern analysis is not enough. In some ways, that is both right and wrong. There are specific questions any trader can learn to ask to confirm that the pattern is a quality pattern.

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ES Emini Day Trading: Pivot-Fed Anouncements-Commentary

By trader7757, 29 November, 2009, No Comment
ESZ9
For 11/30/2009
How To Use
Symbol R1 R2 Pivot S1 S2
ESZ9 1102.83 1116.17 1084.92 1071.58 1053.67

Fed and Fed Agency Announcements

Chicago PMI
[Report][Bullet9:45 AM ET
Farm Prices
[Bullet3:00 PM ET

Chicago PMI
Released on 11/30/2009 9:45:00 AM For November, 2009
Prior Consensus Consensus Range
Business Barometer Index – Level 54.2 53.0 50.8  to 55.5

Market Consensus Before Announcement
The Chicago PMI jumped more than 8 points in October to 54.2. For the month, production surged nearly 17 points. We may see further improvement in November as the new orders index jumped more than 15 points.
Definition
The Institute of Supply Management – Chicago compiles a survey and a composite diffusion index of business conditions in the Chicago area. The survey is conducted by Kingsbury International, LTD. Manufacturing and non-manufacturing firms are both surveyed. Hence, it is not directly comparable to pure manufacturing surveys. Readings above 50 percent indicate an expanding business sector.

ES Emini Day Trading: INO FREE TV

By trader7757, 27 November, 2009, No Comment

Here’s a sneak peak to my new favorite educational service…

Over the past few months your knowledge of trading
could have easily improved through access to some
top notch trading coaches…

but without ever leaving your house!

The secret isn’t teleportation it’s INO TV!
I’ve been given permission to introduce you to it today…
by giving my members an “on the house” 4 video preview!

Watch these four great trading videos

http://www.ino.com/info/36/CDXXX/&dp=0&l=0&campaignid=9

Tap the link above to have access to streaming educational
materials from experts who can help you to become a better
trader.

Remember, you get to view four videos “on the house”.

Good luck and good trading,
David

Enjoy the videos, they are packed with info

ES Emini Day Trading: Pivot-Fed Announcements-Commentary

By trader7757, 27 November, 2009, No Comment

Well, Black Friday is upon us and the department stores are likely to be swamped with crazed shoppers looking for the latest gadget.  Thankfully, I will be home day trading.

ESZ9
For 11/26/2009
How To Use
Symbol R1 R2 Pivot S1 S2
ESZ9 1109.25 1109.50 1109.00 1108.75 1108.50

Fed and Fed Agency Announcements

NYSE Early Close – 1:00 ET

Weekly Bill Settlement

SIFMA Rec. Early Close 2:00 ET

Money Supply
[Bullet4:30 PM

Not much going on today, and note that that the NYSE closes at 1:00.

ES Emini Day Trading: Pivot-Fed Announcements-Commentary

By trader7757, 25 November, 2009, No Comment

The Reuter’s/University of Michigan’s Consumer sentiment index for early November fell back a very steep 4.6 points to a very weak 66.0. Weakness was split between current conditions and the outlook. The retreat in confidence was tied to the still contracting jobs market.

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Finding the Trend in Forex

By trader7757, 25 November, 2009, No Comment

In today’s video I’m going to share with you a wonderful way to look at the forex markets and determine which way they are headed in a matter of seconds. We’ll be looking at three different cross rates and how they all correlate together in a way that I think may surprise you.

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ES Emini Daytrading: Pivot-Fed Announcements-Commentary

By trader7757, 24 November, 2009, No Comment
ESZ9
For 11/24/2009
How To Use
Symbol R1 R2 Pivot S1 S2
ESZ9 1130.42 1158.08 1083.83 1056.17 1009.58

Fed and Fed Agency Announcements

GDP
[Report][Star]8:30 AM ET
Redbook
[Bullet8:55 AM ET
FOMC Minutes
[Bullet2:00 PM ET

GDP
Released on 11/24/2009 8:30:00 AM For Q3:09
Prior Consensus Consensus Range
Real GDP – Q/Q change – SAAR 3.5 % 2.8 % 2.5 % to 3.4 %
GDP price index – Q/Q change – SAAR 0.8 % 0.8 % 0.8 % to 0.8 %

Market Consensus Before Announcement
GDP for the third quarter in the advance estimate came in stronger than expected with a 3.5 percent gain, following a 0.7 percent dip in the prior quarter. The third quarter boost was the first positive GDP number since a 1.5 percent increase for the second quarter of 2008. Cash for clunkers did add substantially to third quarter growth as motor vehicle output added 1.66 percentage points to the third-quarter change in real GDP after adding 0.19 percentage point to the second-quarter change. Inflation is still subdued as the GDP price index edged up 0.8 percent, following no change in the second quarter. Looking ahead, more recent monthly numbers indicate a downward revision to third quarter growth—including negatives from monthly international trade and business inventories

ICSC-Goldman Store Sales
Released on 11/24/2009 7:45:00 AM For wk11/21, 2009
Prior Actual
Store Sales – W/W change -0.1 % 0 %
Store Sales – Y/Y 2.4 % 3.3 %

Highlights
Easy year-over-year comparisons look to make for strong mid-single-digit gains for November same-store sales, according to ICSC-Goldman. The week-to-week pace in the Nov. 21 week was unchanged but not the year-on-year pace which rose nearly 1 full percentage point to plus 3.3 percent for the best reading in more than two years. The report sees this rate increasing in the Nov. 30 week, predicting strong sales on what it calls “Bargain” Friday and also strong sales on the following Saturday. But year-on-year comparisons are not what the financial markets move on. It’s month-on-month that counts. Redbook, up at 8:55 ET, does offer a November-to-October measure.
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