The Three Phases of a Trader’s Education: Psychology, Money Management, Method
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
Far East Markets are Down Big, European Markets are Up slightly, and US Markets/Futures are Up slightly.
QQQQ/SPY are currently Trading at 43.66 / 108.65
The US-Dollar is Up … over 79 now
After this week so far, the mood is Bearish, however I do see signs of a possible Bounce . . . however, I would not get Bullish today under any circumstance. . . . Using my VST/ST Trading Model, I will be looking at any Rally for a place to Open a Down position.
There are lots of Big Economic Events out this morning .. starting at 0830.ET
AMC Commentary
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