DJIM Trader Alerts to 2011
Up to the minute alerts of the stocks DJIM traders are closely watching for a trade, a heads up of sorts. This section is mostly for the trader during market hours and those who are familiar with the DJIM trading methodology. In an effort to get information to you quickly, these alerts may only contain a few words, maybe only a symbol of the stock. It is best you keep up to date on the activities in Trader Journal as most plays originate from that page. Please remember Alerts are not a license to buy, watch for volume, market conditions and other indicators
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Today's early upside was marked by a lower ($TNX), bond buying preluding the reversal. Still, the $TNX is mostly 'technical' related now after a big run.
It's doubtful too much pressure will come from shorts ahead of next weeks catalysts, so market should be okay.
also China on Thurs vowed not to use rare earths as economic leverage, the comments come after a newspaper in China today urged the country to resist pressure to allow foreign firms to access its rare earth supplies.
Highlighted the Euro trade swing since Sept, think we are back to watching the TSY's/stock rotation.
NFP solidified QE2 doubters and if earnings continue to be strong like AA, we`ll never correct;)