S&P 500 Emini Day Trading Gap ...

S&P 500 Emini Day Trading Gap Friday February 12, 2010: S&P 500 Emini Futures Day Trading THE GAP S&P 500 Emini D... http://bit.ly/aCYNBn

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S&P 500 Emini Day Trading Gap Friday February 12, 2010

S&P 500 Emini Futures Day Trading THE GAP [caption id="attachment_2029" align="alignleft" width="493" caption="S&P 500 Emini Day Trading Gap Friday February 12, 2010"][/caption] S&P Emini 500 Futures gapped down at the open 1.25 points.  As it is wont to do on Thursdays, the gap filled in about 45 minutes.  The index rallied into a range during the lunch hour, and stayed there the rest of the day. Volume was above average, and the close came at the high end of the day's range at 1076.50.  Tomorrow should bring diminished volume and volatility after the morning session.  Traders are already making plans for the long weekend, and will leave the building early.  Many day traders bypass trading on the Friday prior to a holiday weekend.

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Forex trading London Close notes

Forex day trading 3rd long signal A combination of Australian and Chinese data has given the markets a bullish tone in the Asian session. In Australia better than expected employment data, with the headline unemployment rate dropping to 5.3% vs 5.6% exp, made the next RBA rate hike less far off. While weaker Chinese inflation data for Jan which printed at 1.5% vs 2.1% exp help to ease worries over near-term PBoC tightening. But the big driver of FX markets continue to be Greek and potential bailout. Wire are buzzing with comments. Weeding thru the speculative analysis, anonymous official's comments and media articles, we have garnered that Greece will be discussed at the EU Summit in Brussels at 12.00cet and leaders are likely to demand more details on deficit trimming strategies. Also we expect that no concrete steps, such as the announcement of an aid package, will be taken (despite a massive flood of comments). In addition, Lower House of the German Parliament has ruled that the Maastricht Treaty will not allow EU member countries to assume or guarantee the debt of any other member. Which makes the solution more complicated and nearly impossible for Germany to provide financial aid alone. At this point more talk will not help the EUR and we continue to expect sovereign credit concerns to keep the single currency weak.

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Forex trading Greeks get a trojan horse from Germany.

Greeks will have to sacrifice for 5-10 years to get back. Greeks will probably reject the deal from Germany on Austerity measures this coming Monday. Greece has a very large federal government almost 10% of the population works for the government. Guaranteed employment for life. The deficit has exploded and out of control spending, and the infighting is huge over a package. The idea that the Greeks will honor an austerity agreement to get the German money seems like a clash in values. http://watch.bnn.ca/clip265880#clip265880 Ashraf Laidi nails it on the head. 53 billion Euros in short term debt will set up the next round of assistance to Portugal and Spain.

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Forex trading system EURUSD targets

EURUSD technical support and resistance on this move down. Extension levels 1.3566 1.3397 Retracement levels 1.3740 1.3406 [caption id="attachment_420" align="alignleft" width="214" caption="forex trading targets with retracements"][/caption] Testing the bottom and previous swing low. Watching for the approach on 1.3585. see if there is any commitment through this to the new lows.

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