For Thursday:
The .50 Rate cut was more than I had expected and I think it shows that for the short term, the markets will be headed lower - Unemployment is out on Friday and I don't think the numbers will inspire the long-term traders to buy. Uncertainty still reigns look to sell rallies against resistance.
Thursday afternoon we will be having an Introductory webinar of our TradeMaven Inside Edge.
When: 3:30 pm Central time, Thursday, 31 Jan -
Where: the TradeMaven online Chat Roomwww.trademaven.omnovia.com/tmaven
no password will be needed.
Upcoming Reports:
Thursday:
Personal Income and Outlays 8:30 ET
Jobless Claims 8:30 ET
Friday:
Employment Situation 8:30 ET
ISM Mfg Index 10:00 ET
Construction Spending 10:00 ET
Consumer Sentiment 10:00 ET
From the TradeMaven Software, Volume Weighted Pivot Support and Resistance for Thursday, Jan 31st:
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.
