This blog will effectively analyze daily stock market trend analysis, market timing and the proper selection of the best stock/future/forex/commodity picks to maximize profit potential.


Friday, October 8, 2010

Volatility

The jobs report was released this morning and the economy lost 95,000 Jobs in October which was worse than expected and the unemployment rate held at 9.6%. We are seeing some wild swings in the ES pre-market. If you are daytrading this morning, please use our recommended time frames located in your trading manual. Metals and mining sold off hard yesterday but so far it looks like a pullback. Ideally, we would like to see some follow through in the overall market.

3 comments:

  1. Caught 4 ES points this morning. Done for the day.

    ReplyDelete
  2. Scalped the YM for a cool $400 profit.

    ReplyDelete

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