Learn day trading chart patterns

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The Fundamentals

Feds have announcements scheduled for Wednesday

More clues to the bond buying program

Market is anticipating no action by Feds as of Monday


More Fundamentals

Traders believe that Feds will provide more clues:

What indicators are Feds looking at to determine economic growth

When they are planning to make their decisions

Should provide investors better idea of economic conditions


Stock Market Is Up Today

Wall street believes that economy is not recovering fast

Feds will maintain stimuli program for foreseeable future

Once again negative economic news is interpreted as

bullish new

This only works in the short term


Report Schedule

Housing starts released tomorrow

Consumer price index released tomorrow

All news is waiting for Wednesday

Feds will meet on Wednesday

All news Wednesday FOMC related

Chairman conference will occur between 2pm and 3pm eastern time


Intraday SP Chart

Long term resistance is at 1690 and support is at 1600


10 Year Bond Futures 4X4 Set Up

Entry on sell stop 130 14/32 and place buy stop at 131 16/32 level


The Gold Market And Triangle Pattern


PFE Open Position


2 New Set Ups

YUM – Largest Fast Food Business U.S. (KFC, Pizza Hut, Taco Bell)

4x4 entry pattern

HDB – Indian Bank, very interest rate heavy and follows 10 year bond futures contract

4X4 entry pattern

I will not be initiating new positions till after Wednesday announcement.


Tomorrow

Second part of tutorial

ATR

Position Equalization

Relative Strength

More Update On Feds Announcements


Date post:	26-Dec-2014
Category:	Business
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