03/07/2014

Today's trading

All indexes have strong 2 hr up trends. The US has strong daily trends up. European daily trends are down or sideways.

 Today at 14:30 comes the very important news about the US employment situation which use to move the markets. Since rates now can move upwards there is difficult to predict direction of the move. The markets can see a strong increase in employment as interest rates will go higher - which is negative for stocks or rally. The technical picture in the US indexes with a strong rally and then a sideways consolidation use to break on upside but not always so we are prepared for both directions. This is the last trading day for the week in America which is closed Friday.

Yesterday had the lowest turnover this year and can easily go very high or low by a few big traders.


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