For Friday,
Markets fell sharply on fundamental news this morning - notice more volume traded today than Wednesday - When this happens you need to be flexible;
doubling down or "dollar-cost averaging" into a trade is a losing proposition - I've seen it a thousand times.
When you are wrong (and you know when you are) - cover the trade.
Friday Reports:
NAPM-Chicago 9:45 ET
Help Wanted Index 10:00 ET
New Home Sales 10:00 ET
EIA Natural Gas Report 10:30 ET
Farm Prices 3:00 ET
Holiday Trading Hours:
CME Equity Index (eMini S&P, Russell) - The CME Globex will close for the New Year's Holiday at 3:15pm Central on Monday, December 31 and will not open until 5am on Wednesday, January 2nd. - If you have questions about a specific market - let me know - josh@trademaven.com
Volume Weighted Pivot, Support and Resistance for Friday, Dec 28th:
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