Monday, May 3, 2010

S&P500 day trading course 30 min chart

S&P500 day trading course 30 min chart [caption id="attachment_2216" align="alignleft" width="204" caption="S&P500 day trading course 30 min"]S&P500 day trading course 30 min[/caption] as mentioned yesterday looking for the close around the 1198 to 1200. May 4 S&P500 day trading could be support around the 1188.25 area.  Resistance into 1202.50 to 1208 area. 1208.75 is where price can break free for a move up.  Most likely will stay consolidated if it breaks through 1202.50. Point of Control is 1197.50 for Tuesday.  Expecting the S&P500 to close at yesterdays opening levels to maybe signal the second part of the move down. Problem again of low volume and the market floats up on low volume.  If we get some selling pressure we could see 1179.75 showing some cracks in the support for possible future sell off.

S&P 500 day trading course

S&P500 day trading course and live trade room

S&P500 day trading course [caption id="attachment_2210" align="alignleft" width="219" caption="S&P500 day trading course"]S&P500 day trading course[/caption] Looking for a retrace to 1198-1200 and then a doji on the close either today or tomorrow. This is a low volume day which we mostly close positive (green bar).  Next two days will be key if we test to 1170 area.  This will be major support. then 1119.50. On the upside, if we continue having low volume trading days look for another push up to previous highs and longer term consolidation in this range 1202-1216

S&P 500 day trading course

Forex day trading china tightens

Forex day trading course USDKRW fell 0.7% to 1,115.45 for the first time in three days, leading other Asian currencies lower after China raised bank reserve ratios for a third time this year, fuelling concern the nation's central bank will try to limit the currency's gains, after it climbed 4.4% this year. China's monetary tightening yesterday will absorb 300 billion Yuan ($44 billion) from the financial system and may push back an interest-rate increase until early June. China's third increase of bank reserve ratios this year left benchmark interest rates and the Yuan's peg to the USD unchanged, risking the need for more concerted effort to contain property prices and inflation in coming months. The current level is 16.5% for the biggest banks and 14.5% for smaller ones. A $22.5 billion jump in foreign-exchange reserves, the biggest gain in four months, suggested investors could be showing a renewed appetite for bets on the currency. Exports and company profits are rebounding and the economy expanded 11.9% in Q1. Reserve-ratio increases and the targeting of a 22% reduction in new loans this year are among efforts to wind back stimulus that has driven the nation's recovery from the financial crisis with measures to cool the real-estate market have included a ban on loans for third-home purchases and raising mortgage rates and down-payment requirements for second-home purchases. South Korea's inflation rose 2.6% (prev. 2.3%, exp. 2.4%) and exports advanced for a sixth consecutive month in April, boosting the case for the central bank to raise interest rates. GDP expanded a faster-than-expected 1.8% last quarter and Credit Suisse last week raised its 2010 growth forecast to 6.2% from 5.2%. Japanese financial markets were shut for a holiday. Australian house prices rose 4.8% in Q1 (prev. 5.2%) the most since at least 2003, increasing the likelihood of the RBA boosting borrowing costs tomorrow. Surging property prices are a key reason that Governor [...]

Forex trading - live day trading course and currency trade room.

Day trading S&P 500 emini futures live trading room and day trading course's Fan Box