With yesterday's rally pushing the Dow into positive territory, we expected the markets to be somewhat quiet and sideways moving on the last trading day of the year. As a result, our plan was to look for some scalping and trend retracement opportunities early in the trading session.
To see the trades we identified, click on "READ FULL ARTICLE" and watch the video.
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While Italy was successful auctioning off its 10-year bonds, investors were skeptical since the yield was quite high at just below 7%. This, combined with key reports coming out at 09:45, 10:00, and 11:00, kept us nimble as we looked for opportunities to enter the markets.
To see the trades we identified, click on "READ FULL ARTICLE" and watch the video.
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With the Italians successfully auctioning off their 6-month treasuries for half of what it cost them in November, the markets were poised to move higher as we approached the US market open. But, with no scheduled news and thin holiday volumes, our plan was to remain cautious and look for quick hit trades to take advantage of.
To see the trades we identified, click on "READ FULL ARTICLE" and watch the video.
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Due to the Christmas holidays, the markets at home and abroad were thinly traded on little good news, and ongoing concern over sovereign debt issues in Europe. As a result, our trading plan was to be ultra cautious, and look for safe entries to exploit.
To see the trades we identified, click on "READ FULL ARTICLE" and watch the video.
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Investors were betting that the U.S. jobless claims and GDP estimates would come out better than expected. Well, they were half right, and on a thin trading day, we picked and chose our spots as we looked for some opportunities to trade.
To see the trades we identified, click on "READ FULL ARTICLE" and watch the video.
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The European Central Bank attempt to stimulate the markets and help stave off ongoing sovereign debt concerns was short lived, and after a brief run-up, the overnight markets gave up all their gains as we headed into the open of the U.S. trading session. As a result, our plan was to play it safe on thin holiday trading volumes and wait for the best set ups.
To see the trades we identified, click on "READ FULL ARTICLE" and watch the video.
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Positive news out of Europe, and better-than-expected housing numbers, had the markets moving sharply higher as we got ready for the U.S. open. As a result, our plan was to sit back and see if the trend would continue or stall out as the trading session progressed.
To see the trades we identified, click on "READ FULL ARTICLE" and watch the video.
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The death of Kim Jong Il over the weekend put downward pressure on the overnight markets as we approached the U.S. open. This, combined with the fact that no major news or events were on the economic calendar, had us approach the markets with caution.
To see the trades we identified, click on "READ FULL ARTICLE" and watch the video.
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Encouraging economic reports bolstered the pre-markets and commodities were starting to find some stability after yesterday's big sell-off. As a result, our trading plan was to wait for the markets to quiet down ahead of the 10:00 reports and then look for some trending opportunities to take advantage of.
To see the trades we identified, click on "READ FULL ARTICLE" and watch the video.
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Overnight trading was very active as the euro started to devalue, oil prices dropped, and gold was selling off over euro zone debt crisis concerns and a Venezuelan statement that they will be capping oil production. As a result, we decided to look for early scalps and then trending opportunities towards the close of the trading session.
To see the trades we identified, click on "READ FULL ARTICLE" and watch the video.
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