Emini Trading: 2 more One and Done trading days!
We are rocking and rolling with 2 more “One and Done” trading days!! Today we had a winning short Pullback or a short Early Entry Trade – take your pick – both winners! Now on to more important matters. It appears the market(s) are starting to realize the economy is not in the best shape. What happened to the so called recovery? A lot of the talking heads believe the recovery hasn’t started yet! You figure we had 6 straight weeks of declining markets. We haven’t seen that in almost 10 years!
Non farm payroll is what really kicked this 6% correction in gear. Today we had retail sales slip, and inflation is up! Read that article here: http://www.cnbc.com/id/43392192 of course there is the debt ceiling issue as well. The President himself said a financial crisis is possible if the debt ceiling limit is not raised; http://www.cnbc.com/id/43392976 . I suppose we will have to see how it all plays out but if you are looking for a little “job security” – learn how to trade for a daily living, like we do everyday! Day Trading may not be the easiest profession to learn, but once understood and implemented correctly the results can be outstanding!!!
Cheers!
David
ETS
Emini Trading, June 14 2011
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