mark twain uk
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eerily calm, something is brewing
mark twain uk
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Atilla said:
es = futures min-contract (currently December)
spx = cash
mark twain uk
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and out of my shorts, my daily target of profits has been exceeded, I am not greedy, just in case the beige book moves the market in the wrong direction.
Thanks Joules, I did it today.
Thanks Joules, I did it today.
BEIGE BOOK
Fed: Most Parts of the Country See Moderate Growth Despite Ailing Housing and Auto Sectors
WASHINGTON (AP) -- Most parts of the country managed to enjoy moderate economic growth in the late fall despite troubles in the housing market and the automotive industry. The New York and Richmond, Va., Federal Reserve districts reported that growth picked up, while the Atlanta region described activity as "mixed," the Fed said in a report released Wednesday. Dallas district said that growth had ebbed from earlier, higher levels.
The survey is based on information supplied by 12 regional Federal Reserve banks and collected before Nov. 20. This snapshot of economic health will figure into discussions at the central bank's next meeting, scheduled for Dec. 12. Many economists predict that the Fed will again hold interest rates steady, sticking to a strategy first used in August, when policymakers voted to take a break from their two-year-long rate-raising campaign.
The central bank's survey comes one day after Fed chairman Ben Bernanke struck a largely positive tone that the economy should be able to weather the strains of the housing slump and weakness in the auto sector. Outside housing and autos, economic activity remains solid, he said. "Overall, the economy is likely to expand at a moderate pace going forward," Bernanke said.
The Fed survey found that consumer spending -- an ingredient indispensable to the economy's good health -- advanced. Manufacturing activity was generally positive overall. And, the jobs market remained healthy, with workers' wages growing moderately. On the shopping front, "despite continuing softness in automobile and housing-related sales, most districts reported that consumer spending increased during October and early November, and the retail sales outlook for the holiday season was cautiously optimistic," the Fed survey said.
Fed: Most Parts of the Country See Moderate Growth Despite Ailing Housing and Auto Sectors
WASHINGTON (AP) -- Most parts of the country managed to enjoy moderate economic growth in the late fall despite troubles in the housing market and the automotive industry. The New York and Richmond, Va., Federal Reserve districts reported that growth picked up, while the Atlanta region described activity as "mixed," the Fed said in a report released Wednesday. Dallas district said that growth had ebbed from earlier, higher levels.
The survey is based on information supplied by 12 regional Federal Reserve banks and collected before Nov. 20. This snapshot of economic health will figure into discussions at the central bank's next meeting, scheduled for Dec. 12. Many economists predict that the Fed will again hold interest rates steady, sticking to a strategy first used in August, when policymakers voted to take a break from their two-year-long rate-raising campaign.
The central bank's survey comes one day after Fed chairman Ben Bernanke struck a largely positive tone that the economy should be able to weather the strains of the housing slump and weakness in the auto sector. Outside housing and autos, economic activity remains solid, he said. "Overall, the economy is likely to expand at a moderate pace going forward," Bernanke said.
The Fed survey found that consumer spending -- an ingredient indispensable to the economy's good health -- advanced. Manufacturing activity was generally positive overall. And, the jobs market remained healthy, with workers' wages growing moderately. On the shopping front, "despite continuing softness in automobile and housing-related sales, most districts reported that consumer spending increased during October and early November, and the retail sales outlook for the holiday season was cautiously optimistic," the Fed survey said.
FetteredChinos
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nice one leo.. good to have some points in the bag 
leovirgo
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I know you like trading on the short side....The conventional folk law favours that with the old saying price goes up on an esclater but goes down in an elevator.. )
I just use time pressure turn points to try and maximise both directions intraday...
)I just use time pressure turn points to try and maximise both directions intraday...
Bez said:
andycan
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it is for that reason i prefare to shortBez said:I know you like trading on the short side....The conventional folk law favours that with the old saying price goes up on an esclater but goes down in an elevator..
I just use time pressure turn points to try and maximise both directions intraday...
but equally when the opportunity arises buying is equally rewarding
ps you nailed the timing well done
DepthTangent
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Well what can I say ? The economy is doing very well !!