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Emini Trading and the Market Woes Continue!

The markets declined again today. We had a 3 percent sell off Friday and we opened up another percentage point down. I expected a dead cat bounce and we had it. The Emini S&P pre-market was down at 1124 and climbed up to 1151 before quickly retracing back to the 1140 area. Our trading was about 30 seconds today! Either a One and Done EET or a One and Done Pullback Trade – both emini trading winners.

The Euro Zone is absolutely driving this market. Unemployment is right there in the passenger seat with the housing market in the back seat. Bottom line – none of these have improved. Sure, housing had a little bounce here and there and true, some cities were not beat up as bad. But what if housing moves down another 5 %? A lot of economists believe 5% minimum on a housing decline while some more extreme economists are looking at 25 – 30 % more declines in housing. Add the unemployment picture and this problem is not going away any time soon.

Sure the government will put a Band-Aid on it – they always do. But the underlying facts will still be there.

Learning how to trade for yourself is the way to go. We don’t worry about unemployment. We trade for our income – and do so every day! The past quarter we had FANTASTIC trading results and the December Contract is promising to be just as good!

Get in touch with either myself or Al if you would like to learn more about our day trading system!

Cheers
ETS

Emini Trading: September 12, 2011
Emini Trading: September 12, 2011

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This entry was posted on Monday, September 12th, 2011 at 2:06 pm and is filed under EuroZone Driving the Market.
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