Tuesday, September 13, 2011

9/13/11 Morning Prep / Analysis: BNP Paribas hurts Europe

Fundamentals: This morning, bank issues, primarily BNP Paribas, have brought down European markets. Europe at fresh two-year lows on debt crisis.
- 8:30am: Import Prices m/m

Technicals: 6:05am- Technicals on slowest time-frame showing a pullback but all other charts showing short bias. Fast entry chart showing indecision from 4:30am though.

Course of action: Look for short entry signals and take them, be careful of short squeezes (be conservative with stops and have high goals for targets).
Posted by at

1 comment:

  1. UnknownSeptember 13, 2011 at 6:27 AM

    I will also be watching for Long BOT signals and letting most of them pass by unless the BOT is on a medium term chart.

    ReplyDelete

Subscribe to: Post Comments (Atom)