Financial Sector Job-Cuts

12-5-2013 4-48-12 PMThe E-mini S&P opening price today was (1788). Today, the low price (1782) was hit at 3:05 p.m. US/Eastern time. The high price (1792) was reached at 10:15 p.m. Eastern time. The Challenger Job-Cut Report is a monthly report that counts and categorizes announcements of corporate layoffs based on mass layoff data from state departments of labor. This data must be analyzed with caution because it doesn’t distinguish between scheduled layoffs for the short-term or the long term, or whether job cuts are handled through attrition or actual layoffs. The report also does not include jobs eliminated in small batches over a longer time period. For the report in November this year, layoff announcements continue to run at 2-year highs, at 45,314. For the past four months, averages have been about 45,500. This is well above the prior average over a four month period, at 38,000. Most of these announcements are coming from the financial sector due to declinging foreclosures reducing staffing needs. The results of today’s report are no good indication for tomorrow’s big employment report.

EIA Natural Gas Report

11-21-2013 3-18-05 PMOn the the E-mini S&P, the opening price was (1784.25). The day’s high price at (1795.50) was reached at 3:20 p.m. US/Eastern Time. Today, the low price (1783.50) was hit about 5 minutes after the market opening. Each week, the Energy Information Administration (EIA) gives a report on natural gas stocks in underground storage for the U.S. and three regions of the country. This is important information for investors because prices for natural gas products are determined based on the level of inventories. In this week’s report, there was a drop of 45 billion cubic feet leaving 3,789 bcf of natural gas in inventories in the week of November 15. The expectation this week was a draw of about 35 bcf. This report has little or no impact on the market.

New York Fed President William Dudley

11-20-2013 4-39-01 PMThis morning, the E-mini S&P opened at (1788). The day’s high price of (1794.25) was hit at 10:25 a.m. US/Eastern Time. The day’s low (1774.50) was hit at 3:10 p.m. US/Eastern. William Dudley the New York Fed President talked about the labor market at the press conference on regional and national economy in New York this morning. He mentioned that the Fed wants to bring the unemployment rate down as part of its dual mandate. The NY Fed president expects that economic growth will improve to a range of 2.5 percent to 3 percent in 2014. He expected inflation to remain below the Fed’s goal of 2 percent in 2014.

Rely on Price Action During News Events


See how to make money on the E-Mini S&P during unexpected market behavior influenced by news events.

A week or so ago, President Obama announced a tax cut extension. This announcement was made beyond the normal day trading session, in the evening. As soon as the public was informed, the E-Mini S&P price rallied during the overnight session. By the time the normal morning / day session began, price was coming back to reality. Traders using DayTradeToWin’s Atlas Line were able to make profit despite the drop in price. Many traders went with Long trades because of positive news. This is not something that is recommended – price should be the only determining factor when deciding how to enter and exit. Additionally, use the ATR (Average True Range) NinjaTrader indicator to decide how to exit the market (and what kind of profit to take). Remember, positive news doesn’t mean “GO LONG.” On a similar note, negative news doesn’t mean “GO SHORT.”

Price Action and News Events

3 Scalp Trades During Low Volatility

This site is entirely about price action and frankly, there hasn’t been much of it when trading the E-Mini S&P the last couple of months. Times like this require drastic measures: scalp trading.

Actually, learning to scalp trade is quite easy and it can be used with any market despite volatility levels. A few scalp trades (as shown in this “3×3 video” – three separate trades for three ticks each) is the best way to trade during a relatively flat market.

Where can you learn such day trading techniques? Well, you can start with the free Trade Scalper webinar held on Nov. 11 from 7 p.m. to 8 p.m. EST. Opt-in to the registration on the TS page to receive a link to the webinar. From there, consider enrolling in the course to learn all of the scalping methods. It’s better than losing your shirt by not knowing the proper rules to enter the market for scalping.

Here’s a couple summarized tips from the video:
– Keep your profit targets and stops in place – don’t move them – no slippage.
– Use a 1-minute chart (remember, smaller time frame = scalping!)

See more scalping videos at the Trade Scalper website (click the image):