Emini Trading Update Thursday September 15, 2011
More bad news today, but the markets rallied pretty strong, at least in the first hour. Who knows what it will do later on ! Central Banks are helping Europe’s banks with US Dollars – you can read about that here. I’m sure that’s helping this rally a bit. However, jobless claims and inflation rose! You should certainly read this article here.
Bottom line: they can give as much money as they want to the banks, to Europe, yada yada. They can come up with bogus job plans, whatever. EVERYONE knows that unemployment will not go down, in fact many economist expect DOUBLE digit unemployment rates as well as another recession in 2012! People simply do not have jobs or the ones that do, don’t know for how long. Let’s face it, people making a paycheck are a lot less inclined to spend it! They’d rather save it. Can’t blame them, right? BUT consumers lack of confidence equals more savings, or debt paydowns, and less spending!! Companies on the other hand can’t GROW when consumers don’t buy!
Folks, we made our money today in a few minutes. WE had 4 points of profit (easy trades too) by 9:38 AM. A 10 contract trader is up another 2000 using The Tick Trader System. Guys, now is really a great time to learn how to trade. Even if you have a job, that’s fine. Learn to trade at night. Take your time and practice. If something happens, you know you have a skill you can rely on!
Think about it! Emini Trading ..
Here’s today’s chart:
David
EminiTradingStrategies.com
