Some of my clients ask me why, as a broker, I don't trade personally - and this Jerome Kerviel who traded away almost 5 billion Euros of Societe Generale is the reason. I hate to admit it but I would probably end up breaking a major European bank if I ever traded -
For Friday -
S&P and other equity index markets are up since the emergency rate cut, so I would expect the market to close lower before the weekend. The volatility is so great I would expect to many traders will be looking to hold positions over the weekend -
Volume Weighted Pivot support and Resistance for Friday Jan 25th:
What is Inside Edge?
A comprehensive trader’s education forum focused on e-Mini S&Ps and U.S. Treasury Bond Futures. TradeMaven’s Inside Edge features the necessary analytics and execution information in one place to speed up your decision process, keep you on the right side of the market, and eliminate so much of the noise that surrounds trading today. This unique forum is the brainchild of Charles Cochran – a trading pro who has spent the last 15 years fine-tuning a proven methodology that eliminates extraneous information and concentrates on the market activity that matters: the market activity that foretells the market's next move.
