5 Fatal Flaws of Trading
EWI Senior Analyst Jeffrey Kennedy discusses why most traders lose, the five flaws associated with losing, and how to overcome these five flaws to become successful. Read More.
BMO Commentary
Go through the Morning Checklist to see how the Markets are currently doing and what Economic Events may affect the Markets today.
0730.ET
World Markets (except Japan) are Up good and US Markets/Futures are Up slightly right now.
Japan is flat.
QQQQ/SPY are currently Trading at 44.41 / 111.79
QQQQ Resistance is at 44.14, then 44.50, then 44.68, then 44.92
QQQQ Support is at 43.80, then 43.40, then 43.17, then 42.8x, then 42.3x
SPX key Pivot Level = 1093 . . . see recent AMC Commentaries for more details.
There are no big Economic Events out today … a very light news day.
Precious Metals are Up some and the US-Dollar is Down slightly right now.
In general, I expect the Markets to stay in their recent holding pattern without any big breakouts . . . I am waiting for a breakout before loading up in my positions.
Be sure to check back here tonight for my Commentary on today’s action.
AMC Commentary
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