pre-market 2/29

Posted by Cire2222 on Feb 29, 2008

morning headlines moving markets

U.S. stock-index futures tumbled after UBS AG predicted credit-market losses at financial firms may top $600 billion and results trailed estimates at American International Group Inc. and Dell Inc.
U.S. Consumer Spending Rose 0.4 Percent in January
Dollar Falls to Three-Year Low Versus Yen on Fed `Indifference’

And later today we have Fedspeak from Rosengren at 10:15AM and Lockhart at 12:15PM, we have the Chicago purchasing managers index and the Consumer Sentiment report at 10:AM.

Pre-market | No Comments

the story is the dollar

Posted by Cire2222 on Feb 28, 2008

tonights video is a short recap of the markets we have been watching. The only current set up was the long YM entry we were looking for, we got in into that level today. I don’t feel too comfortable long but i feel its a low risk entry here. Watching TV, listening to the radio and reading online, I think i am the ONLY trade who wants to be long this market, that can be a good thing. Gold at all time highs i know a few of you took that trade with me GJ! keep posted for new set ups

Daily review, Videos | No Comments

pre-market 2/28

Posted by Cire2222 on Feb 28, 2008

The U.S. economy in the fourth quarter grew at an annual rate of 0.6 percent, less than forecast and reflecting reduced estimates for spending and constructionThe GDP headline is causing futures to trade low in the pre-market. Dollar continues to weaken. are the bears back or is this a buying op?

Pre-market | No Comments

Todays Action

Posted by Cire2222 on Feb 27, 2008

Today there was not too much action in the stock market and I remain with a bullish stance, the big action was in forex. The dollar has broken down past any support just getting creamed. the EUR/USD and AUD/USD crosses are just soaring and the USD/CHF is tanking. This caused Gold to head up to new highs as well. After hours AAPL perked up causing the Nasdaq futures to move higher. I feel that the NASDAQ will lead the indices if this market remains bullish, it has been lagging and has the most room to run, perhaps this AAPL move will kick start it.

Daily review | No Comments

$225 5 min breakfast

Posted by Cire2222 on Feb 26, 2008

This is a video of a live trade I took at the opening bell this morning. Just a quick $225 scalp for breakfast to start the day. You don’t have to trade all day long to make money!

Videos | 1 Comment

Follow up Video

Posted by Cire2222 on Feb 26, 2008

Videos | No Comments

2/26 AM

Posted by Cire2222 on Feb 26, 2008

Here is some news affecting pre market trading

Producer Prices in U.S. Increase More Than Forecast
Home Depot Profit Drops on U.S. Housing Slowdown (surprised?)
States Seek Congress’s Aid as Subprime Boosts Costs

No huge news this morning. The markets should open lower, in this market god only knows where the day will take us!

Uncategorized | No Comments

My Mentor Cire has beed added as Contributor/Editor

Posted by MC on Feb 26, 2008

My mentor, and partner in crime from the opposite coast is taking the helm here.

I’m gonna focus on the forum and have Cire hook this page up with calls, videos and whatever the hell he wants.

He’s an excellent trader, very profitable and while we imply no guarantees of profit and all calls will be made for “entertainment” purposes, I feel we can learn some great things from him.

Thanks Cire…I’m lookin forward to what you bring to the table here. Since you like Homer so much, just be sure you don’t stick a crayon up your nose and screw up all that trading knowledge.