Monday, March 19, 2007

Heads Up: Thursday Morning With The Doc

Well, we'll have the Fed announcement the day before and then Initial Claims and Leading Indicators at 8:30 AM and 10:00 AM CT respectively, so it could be an interesting day. I've had some good questions and feedback re: the post on trading breakouts, so Thursday let's track the market in real time during the early morning and see if we can focus on sentiment as a tool for developing trade ideas. Here's some background reading for the session:

1) Basic principles of short-term trading;

2) Using NYSE TICK to identify the trend of sentiment;

3) Using volume to determine if we're likely to trend;

4) Price targets for short-term trades;

5) Using TICK to help us handicap the odds of hitting pivot targets.

See you then!