Volatility Expected, daytrading the eminis this week
In the coming week, we have a lot of reports coming out. As we all know, some of these reports can cause the market to get quite volatile. It’s important to know what reports are coming out and at what time! The “biggie” is going to be on Friday when the NonFarm Payrolls and Unemployment numbers come out at 8:30 am EST. Of course 2 more reports will be coming out at that time as well, but most eyes will be on the payroll numbers.
Another one to watch is the FOMC policy statement on Halloween. That will come out at 2:15 pm. Of course to see the complete list of reports this week, check out briefing.com’s economic calendar here:
Alot of daytraders attempt to take positions ahead of these reports. Being on the right side of a report can be a HUGE win!! Personally I never trade in front of a report! It’s too risky. I wait about 90 seconds after the report and let my indicators tell me where the market is heading.
Either way, I wanted to remind everyone about all the important reports coming out. I wish everyone a profitable week!
Good Trading 🙂
David Marsh
