Trading Blog: TnT Group

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!!!!!!

Justin’s market overview for Wednesday….

All eyes continued to focus on the yen today. Whispers of a Japanese intervention sent the yen tumbling overnight. With nothing imminent, we saw the yen grind all the way back in the morning.

Unexpectedly, German IFO business sentiment rose to 3 yr. highs. Whereas U.S. durable goods released a number lower than forecasts. In addition, new home sales in the U.S. recorded record lows. Looks like the storm clouds in Europe have shifted over to the United States. I wouldn’t argue with anyone who would want to be short U.S. indexes against the European equivalent.

The rubber band is being stretched right now. When will it snap?

levels i am looking at……

short 1054 then 1075 with a final short at 1096 in the s&p minis. above there,  i am done trading from the short side.

the downside looks ugly in the minis, with a possible hiccup at 1017.5 to stop the bleeding.

long 13517 and 13500 in the u.s. 30 yr. bonds

long 12511 in the u.s. 10 yr. notes

long 116 58 in the yen

It’s not a question of enough, pal. It’s a zero sum game, somebody wins, somebody loses. Money itself isn’t lost or made, it’s simply transferred from one perception to another. – Gordon Gekko