Trading Blog: TnT Group

Where to start….It started off to be a mixed information day and somewhat confusing.  Even looking at the individual Equity market net changes, you can see some confusion.

Canadian unemployment came out as better than expected in terms of jobs created but the rate rose to 8.1% from 8.  The Canadian Dollar and Yen stayed fairly weak much of the day against the other pairs.  US Dollar is flat.

One thing that stuck out around 10:30 was a 4000 lot S&P seller that came in at 1103.00.  Copper got smashed 4 cents following this and equities went on liquidation mode.  Nasdaq was trading 1887 and bottomed out at 1877.50, S&P was good for about 4 handles.  Lock it up.

Everything is unched on the week across the board and seems like things are waiting on the next clean indicator for direction.

Have a good weekend.

Hi everyone. This is Mark and I am filling in today on the blog. With the dollar screaming higher today, everyone is taking off there risky trades. Both European and U.S. stock markets are down, the euro has done nothing but sell off all day and is currently down over 300 pips. Oil has followed the stock market lower and as one would guess bonds are sitting near there highs of the day.

Levels I am paying attention to……..

With the Russell 2000 (mini future) settling below 647.70 yesterday my target is 615.50. The low so far today is 620.10.

With the S&P (mini future) holding 1129.50 I thought it could trade down to 1063.00. Looking at the charts today the 1084.00 level will be some support for the market. If this level can not hold 1063.00 would be next.

On Aug 6th the Euro future traded its 200 day moving average. It has sold off since then and the first daily support I have for it is 127.54 – 127.31 area.