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5 minutes Nasdaq 100 Emini Futures Hi, How's it going? Today price gapped up by almost 15 points due to better than expected CPI data. While what do we mean by better than expected? A bunch of economists expected the november CPI to increase by 0.2% but actual data turns out that the Novement CPI is unchanged. If you remembered economics 101, CPI is a measure of inflation, higher CPI means higher inflation, and we know inflation is the enemy of the FED, if inflation increases the FED keeps on hiking rate. They have been talking about a soft-landing and to curb inflationary pressures.. Hence, this lower CPI number is actually a good sign that inflation is under control and that the FED engineered soft-landing is happening.. Mumbo jumbo to you? Well, that's just the theorectical background for you to appreciate... Traders don't really need that.. and we don't act on that info alone.. All we have to know is,,, gap up due to some better than expected data,,, and IS THIS GAP GOING TO CLOSE? OR IS IT GOING TO BE A RUNAWAY GAP? ya, thats all we need to know... There was a knee jerk reaction to close the gap... I didn't enter... and price bounced back... At 10:40, I finally decide to short 1 contract at 1840, after confirming weakness in price action and a downturn in stochastics... risk-reward is good, my stop loss is at 1845, above the high of the day and reward,, you know, its the whole distance of the gap of around 15 points.. at 12:00, I shorted another 2 contracts at 1838.... and this time round, it really went plunging... ya, it's a good feeling to know that you are right immediately after shorting it.... Finally at 13:40, I decided to get out at 1828. Although price did not close the gap,, it touched the moving average and robounced.... I am not going to risk my profits for those additional 2 points until it closes the gap... I exited and reaped $640 profits... enough for the day! From Briefing.com This morning, there is bullish news to help. The November core CPI was unchanged. That was lower than the expected 0.2% gain, and brought the year-over-year increase down to 2.6%. It follows a 0.1% increase in October and three 0.2% increases before that. There were a couple 0.3% gains prior to that. So, the trend is clearly good. Inflationary pressures are moderating. The component breakdown shows widespread weakness. The very low number was helped by large declines in apparel and auto prices that won't continue. But telephone services, computers, recreation, and medical care also showed lower inflation trends. The owner's equivalent rent jumped another 0.3%, but even that wasn't able to offset the broad weakness. The Fed's soft landing is working. Inflation is easing even while economic growth remains decent (apart from housing). This will fuel speculation that the Fed will cut rates in early 2007. The market may be getting ahead of itself in that regard, but for now, the implications are bullish.
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Emini Futures S&P 500 and Nasdaq 100 : Basic Trading Info
summary This article explains what index futures are, it goes on to further explain the basics of Emini Futures S&P 500 and Nasdaq 100, stock symbols, tick size and their equivalent value in dollars. What are Index Futures? Future contracts originate from commodity trading. A future contract is an obligation to buy/sell a certain quantity of commodity at a specific date for a specific price determined at the outset of the contract. Future contracts are frequently used for hedging risks...
[Posted: 2010-01-14 21:50:06]
Day Trading Emini Futures --Types of Orders
Types of Orders Placing orders is an art in itself. Beginners often do not know when to use market orders and limit orders. Different orders are used in different market conditions. But the limit order is the one that is most versatile. Understanding a limit order is essential to your trading success. I will only discuss the case for buying, the reasoning and mechanism is the same for shorting. Market Order In a market order, you are basically giving instructions to your broker to buy at t...
[Posted: 2010-01-14 21:50:06]
FOMC minutes -- $2380 profit!
How's your first trading day? Not bad for me. I just made $2380 trading the NQ ( Emini Nasdaq 100 futures). It was virtually a riskless trade. I timed my trade just after the release for the December FOMC minutes at 1400. Why did the market go up? You don't need to know exactly why the market go up. Usually market reaction to FOMC minutes is limited. But today, th...
[Posted: 2010-01-14 21:50:06]
Emini Futures Day Trading : Fundamentals and Paper Trading
Emini Futures Day Trading : Fundamentals and Paper Trading Fundamental Analysis Fundamental analysis is a methodology for analysis of a company as a viable stock that you want to hold for long term. Fundamental analysis is more widespread in the world of investing since you are going to hold your companies for 10 to 20 years, you do not wish that your companies go bankrupt the next day. Some of the common ratios used are P/E ratios (price earnings ratios) which measures the relative price of...
[Posted: 2010-01-14 21:50:06]
Gap Closure in a tepid market --> $760 profits
5 Minutes Candlesticks NASDAQ 100 Market gapped up today on better than expected retail sales numbers... As we know, yesterday FOMC announced that they are going to leave the rate unchanged and that inflation is still up... Market reaction was muted at best.. From this we can deduce that market participants have mixed reactions about the economy ahead, bulls are not ...
[Posted: 2010-01-14 21:50:06]
MACD crossed zero line, bounce from Moving Average --> $690
5 min Nasdaq 100 Emini Hi, The market has been plunging from the morning session and its reasonable to expect either a retracement or a continuation of the downtrend in the afternoon session. After a slight pullback, at 13:55, price started to bounce off the moving averages with the short-term MACD crossing the zero line.... I shorted 1 contract ...
[Posted: 2010-01-14 21:50:06]
Hammer Candlestick, Double Bottom, MACD up, Stochastics up, Employement report --> $940 profits
5 minutes Nasdaq Emini CandleStick Chart Hi, How's it going? I hope you captured this trade. This is a god send! Even from a fundamentals perspective, market sentiments are good. Better than expected payroll numbers is definitely good for stocks in a time when we are worried about a soft landing... You can read more about the fundamentals below: Do note that, no matt...
[Posted: 2010-01-14 21:50:06]
Core CPI unchanged , Inflationary Pressures Moderating --> Gap Up --> $640 profits
5 minutes Nasdaq 100 Emini Futures Hi, How's it going? Today price gapped up by almost 15 points due to better than expected CPI data. While what do we mean by better than expected? A bunch of economists expected the november CPI to increase by 0.2% but actual data turns out that the Novement CPI is unchanged. If you remembered economics 101, CPI is a measure of ...
[Posted: 2010-01-14 21:50:06]
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