Here's a swell event of a worthwhile marketplace set pattern. We got some horrendous economical word regarding housing together with consumer confidence approximately nine AM CT, together with the ES futures (chart above) dropped below their morn range. They rapidly rebounded together with moved solidly dorsum into the range--an first-class say that bad word could non dampen the vacation spirits of traders. We thence broke inwards a higher house the morn hit on company volume, momentum, together with NYSE TICK, leading us higher through the day.
Markets that cannot rising on expert word together with that cannot drib on bad word render useful data for active traders. It's non the word itself, only the market's reply to the word that is nearly of import to track. That agency that it's of import to know which economical reports are coming out when together with what the expectations are. My morn Twitter posts include a listing of of import economical reports together with when they're coming out, which provides a heads upwards for seeing how markets merchandise at those times.
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