Trading Blog: TnT Group

Hello all. A lot of news happening over the weekend and over the night trading session. Make sure to take a look at the nightly webcast below and catch up on what happened. Also posted underneath this blog is both the irishtimes.com article and Ben Bernanke’s actual interview on 60 Minutes. Take a look and get caught up for the morning session. Here’s to good trading.

Here is this weekends interview with Ben Bernanke. Take a look. Interesting that “The Bernank” decided to go on 60 minutes to try and get his point across. Like they say in the opening of the clip, Fed Reserve Chairman’s rarely do interviews. Between Obama constantly on the television and now Big Ben deciding to get on a show they must think we are really F’ed.

Happy Monday traders,

Well what a week we have in front of us.  I do not think that in my trading career that I have seen a week like this.

But… Let’s talk about today first.

At 7:30 we seen Personal Income and Personal Spending.  Personal Income was expected at .2%.  It came in at .1%.  Personal Spending was expected at .4% at came out at .2%.  Both of these numbers came out really bad in my eyes.  Seeing personal income go negative is NOT a good thing right now.

Then at 9:00 we had ISM manufacturing and ISM prices paid.  Both of these numbers BEAT.  Looking for 54.0 and we got 56.9.  Then on prices paid we were looking for 70.0 and we got 71.0.

This and on top of the China’s good PMI number ( 54.7  vs expected 53.8) put a good bid to all the equities, and commodities.

That was it as far as numbers and news go for the day.

We did see the market reverse all of the equity move and dollar move the rest of the day.  These type of moves are like groundhog day everyday though….  Everyday feels and looks the same….. It is really really scary….. WE DONT MOVE ANYWHERE… WHAT THE HELL!!!!

We go up 5.00 and then down 7.00 then up 4.00 and then sideways….. It is so frustrating trying to trade any type of longer period…. We have been in the same dam 40 dollar range in minis FOREVER!!!!

Well our saving grace is this week……..  Maybe we can break out of it…… If this week can’t break us out of this range nothing can…… Look at this stuff coming out:

ELECTIONS

QE

RATE DECISIONS (US, JAPAN, ECB, UK)

UNEMPLOYMENT

PLEASE OHHHHH PLEASE LETS SHAKE THIS THING UP!!!!!!

HOW BOUT’ THAT YO MARKET!!!!!!