Home Sales UP Significantly! Markets Volatile Again!
Existing home sales came in better than expected. Nice to see a little good news from time to time! Although at the time of this writing, the markets are basically flat. You can read more about existing home sales here: http://www.cnbc.com/id/44608735 Of course the focus today is the FED! We have FOMC at about 2:15 Eastern today and we will probably see light volume until this statement is released.
Our emini trading day was pretty good. We started off with a 4 tick loser on an EET setup. We then had 6 winning setups after that! After recovering, and commissions, most of us ended up above 3 points. Some students made 4 – 6 points today – congrats to all my students today for keeping the discipline in check after taking a losing trade! That’s what it is ALL ABOUT – recovering from losers!
Here is a screen shot of today’s action, and I’ll talk more about it in Friday’s Weekly Video Update.
Enjoy the day!
Cheers!
ETS
Emini Trading September 21, 2011
