Chicagostock Trading

Chicagostock Trading

Positive NFP # and +19 overnight daytrade

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Non Farm payroll numbers released this morning showing an increase of 243k jobs and unemployment rate of 8.3%.  This let the market to rip through 1330 into highs of 1336.75. Rewarding overnight buyers:

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The 'Bull Flagging' Euro

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Since the Euro reversed its downward trend mid January by climbing above 12900 and through the downward trendline, the market has gone into a short squeeze which led the market to take out the year highs at 13085 and bump against resistance from December 13th at 13237.

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X Marks the Spot - 30 Year Bonds

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'X' marks the spot in the 30 year bond market as it squeezed through where two major trendlines crossed.  The first major trendline being the June-October lows and the trendline from  December - January highs.

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Bounce off 50% retracement- Emini SP500 Daily

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GLD Chart Update

 GLD (Daily)  12_10_2010 - 1_27_2012.jpg

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