Short term trading analysis

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http://www.marketgeeks.com - short term trading involves opening and closing positions the same day or a few day apart. Learn important technical analysis methods that you can apply to short term market conditions.

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Short term trading analysis

  1. 1. Copyright © 2007-2013 Market Geeks, LLC. All Rights Reserved.
  2. 2. Copyright © 2007-2013 Market Geeks, LLC. All Rights Reserved. Today’s Fundamentals U.S. Manufacturing grew in June More orders Stronger production Could help the economy second part of the year
  3. 3. Copyright © 2007-2013 Market Geeks, LLC. All Rights Reserved. Institute Of Supply Management Index of factory activity increased to 50.9 in June May reading was 49 and lowest in 4 years Reading above 50 suggests that economy is expanding Reading below 50 suggests that economy is contracting
  4. 4. Copyright © 2007-2013 Market Geeks, LLC. All Rights Reserved. Only Negative News Factories cut jobs last month Manufacturing slowed down Europe’s economy weighted heavily on U.S exports
  5. 5. Copyright © 2007-2013 Market Geeks, LLC. All Rights Reserved. Construction Spending Rose 0.5% during the month Hit highest annual rate in 4 years Keep your eye on the home building sector Keep your eye on KB homes (stock)
  6. 6. Copyright © 2007-2013 Market Geeks, LLC. All Rights Reserved. Intraday Stock Market Analysis The breakout from a triangle pattern is typically powerful
  7. 7. Copyright © 2007-2013 Market Geeks, LLC. All Rights Reserved. Volatility Has Been High Volatility is a double edged sward Easy to trick people into thinking it’s something more than a correction Don’t let the market suck you in psychologically Look at the big picture on daily basis Volume is light this week Don’t put too much weight into remainder of week
  8. 8. Copyright © 2007-2013 Market Geeks, LLC. All Rights Reserved. The Bigger Picture What looks like a strong rally on a short term basis can look like a small correction on a longer term chart
  9. 9. Copyright © 2007-2013 Market Geeks, LLC. All Rights Reserved. The Gold Rally Look for a bounce to the 1300 to 1350 level in the short term
  10. 10. Copyright © 2007-2013 Market Geeks, LLC. All Rights Reserved. The Bond Futures Market Consider Buying September And Selling December Spread Right Now.
  11. 11. Copyright © 2007-2013 Market Geeks, LLC. All Rights Reserved. Existing Short Positions Today’s Rally Did Not Impact Our Short Positions PFE – Down $.23 POR- Down $.38 WMT – Up $.10 Weak relative strength compared to stock market
  12. 12. Copyright © 2007-2013 Market Geeks, LLC. All Rights Reserved. The U.S. Dollar Look for British Pound to weaken as well Slow down in manufacturing sector
  13. 13. Copyright © 2007-2013 Market Geeks, LLC. All Rights Reserved. New Set Up For Tomorrow Utility companies are very sensitive to interest rates and economy in general
  14. 14. Copyright © 2007-2013 Market Geeks, LLC. All Rights Reserved. Things To Keep In Mind Don’t take too many positions right now Market is very random and unpredictable Advice from one of the most profitable traders in the world “Remember that not taking a position is a position”
  15. 15. Copyright © 2007-2013 Market Geeks, LLC. All Rights Reserved.

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