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Overall Market and the Thunder from Down Under

Site Administrator | October 14, 2011

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If anything, this current market is resilient.   We saw the markets rally off the GOOG earnings announcement during the early Globex session only to turn negative and go down to the 1196 area.  After bouncing off that area, the market once again tested the pivotal 1204 and finally broke through during the heart of the European session.  Some important numbers we are focusing on include 1192, 1196, 1204, 1206, 1216-20, 1230 and then 1233.  The ES Futures are currently testing the 1216 area which will be the 3rd test this week.

Another market we look at in the report includes the AUD/USD which we call the Thunder from Down Under after this past week's move.  We have seen this market rally about 10% over the past 5 days regaining much of the ground it lost towards the end of September.  Be sure to check out our Daily Report Video below as well as the recap and recordings of our past two events (posted under the "Education" tab of our site).

 

Be sure to join us for our next event “Bull vs. Bear Shootout” by clicking on the link below:

Register for:  Options Education

Cheers,

The TradingPub
“Trade, Talk, Learn – Cheers to Success”
Follow us on twitter

Disclaimer:  Past performance is not indicative of future results.  Futures trading involves substantial financial risk. Please consult your personal financial advisor before using this information for your own trading purposes.If anything, this current market is resilient.   We saw the markets rally off the GOOG earnings announcement during the early Globex session only to turn negative and go down to the 1196 area.  After bouncing off that area, the market once again tested the pivotal 1204 and finally broke through during the heart of the European session.  Some important numbers we are focusing on include 1192, 1196, 1204, 1206, 1216-20, 1230 and then 1233.  The ES Futures are currently testing the 1216 area which will be the 3rd test this week.

Another market we look at in the report includes the AUD/USD which we call the Thunder from Down Under after this past week's move.  We have seen this market rally about 10% over the past 5 days regaining much of the ground it lost towards the end of September.  Be sure to check out our Daily Report Video below as well as the recap and recordings of our past two events (posted under the "Education" tab of our site).

 

Be sure to join us for our next event “Bull vs. Bear Shootout” by clicking on the link below:

Register for:  Options Education

Cheers,

The TradingPub
“Trade, Talk, Learn – Cheers to Success”
Follow us on twitter

Disclaimer:  Past performance is not indicative of future results.  Futures trading involves substantial financial risk. Please consult your personal financial advisor before using this information for your own trading purposes.