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.
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Caught 4 ES points this morning. Done for the day.
ReplyDeleteThanks Rampage.
ReplyDeleteScalped the YM for a cool $400 profit.
ReplyDelete