Wall Street Pins Hopes on Fed’s Minutes and Prospect of More QE

Wall Street had initially opened, following Europe, but speculation about possible QE-leanings the Fed may have been discouraged in view of the improvement of data now points. Writing, it seems that Wall Street could use a bit of direction; the SPX500 is 4.17 points, the NASDAQ higher by 23 and the DJIA trading now more than 23 points lower. Such as indices, the collective sense merchants OpenBook is also mixed; distributed on the rise on the SPX500 and the DJIA and downward on the NASDAQ. A sense, however, could change the head at 14: 00 (EST) when the Fed releases the minutes of the latest meeting.OpenBook trader drangie has recently opened and covered in the SPX500 positions, but it closed to others during the day, which would allow small yields in each. This trader that spends 85% indices trading portfolio is to register a profit of 12% for the week.
The reason of sense of collective increase of markets will be clearer later when market movements focused on the release of the Federal Reserve FOMC minutes of its January meeting. Traders are anxious whether or not the Fed has the intention of embarking on a new round of quantitative easing in additional to their commitment to maintain the current low interest rates. Analysts point out that it is the hope that more relaxation will be upcoming supporting stock markets on Wall Street.
Given the new position of the Fed on open communication, the minutes will be revealed as not only including members of FOMC is more or less for relaxing, but how each arrived at the rate the EDF and fund their forecasts of the target. Recently, the President of the Federal Reserve Ben Bernanke stated that they Fed would closely monitor the activity and that he would not hesitate to respond to any signs that the recovery of the economy appears to be retired.
Data points out before minutes showed an unexpected improvement in the reading of the Empire State manufacturing survey, which was printed at 19.53 13.48 and a rising unexpectedly from the NAHB Housing Market Index of 29 of 25.
In view of the improvement in data points, it is not uncommon to find that a number of traders OpenBook, we recently mentioned is more doubtful of further Fed easing. Negotiating marcongzh, which has had some recent success in trade the SPX500, opened a sale is not so long the position which is already back more than 10%. Trader Canada spedini, which allocates the 13% of its portfolio of indices, scalped two short positions on the SPX500, with an average yield of 5.5%.
OpenBook trader ROLaterveer of the Netherlands has been scalping the SPX500 during the opening hours of Wall Street and closed of three short films with an average yield of more than 10%. This trader has also several positions of short to long term requiring a serious rout of the SPX500 make profitable. In view of the improvement of recent data, minutes may reveal QE another is in back-burnered, which may give to this merchant of the defeat he needs.
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Lifting of Wall Street and the Euro on the Greece

Wall Street has rallied higher on reports that Greek leaders were near agreement on austerity measures is a requirement for the nation get a second rescue plan. Several news organizations reported that officials were preparing the final documents that would allow the Greece to qualify for bailout of 130 billion Euro. The document will be presented to the leaders of the three main political parties in Greece. The news also lifted the EURUSD above 1.3200 for the first time since December 12.

OpenBook top trader Gavinwright had excellent performance today with its trade on the EURUSD. This guru began to buy EURUSD close to 1.3130 and rode the rally to 1.3250. The EURUSD has bounced off the coast of support around 1.3100 and pierced the 1.3200 support. OpenBook trader Gavinwright acknowledged this possibility and reserved huge benefits on his trades. The merchant is an increase of 13% for this week and 103% over the last 30 days. In his own words, this trader like scalp in the market trends and also a few exchanges of range. The trader has 563 copiers and disciples of 1815 so far about OpenBook.

Wall Street is transferred in the Green today with the Dow up to 32 points, Nasdaq up 6 points and the S & P 500 points 2. Traders on OpenBook are primarily long the Dow (DJ30) with the limits of the average 13 000 and stops at 12,700.

With the economic calendar light U.S. today, focus turned to the Fed of Ben Bernanke Congress testimony. He urged Senators to resolve the debate over tax cuts to eliminate uncertainty. It also agreed that growth would slow to 1.1% in 2014 if era tax Bush cuts are allowed to expire. Tax issues are at the heart of reducing the Federal deficit expected to run over 1 trillion dollars for the fourth consecutive year.

OpenBook trader drangie, which has become a favorite to monitor trade the SPX500 continued its strategy of scalping today. This trader likes to trade that the SPX500 in pre-United States and cost-effective session closed 5 trades early this morning with profits averaging approximately 4%. The merchant is now 82% of its portfolio of trading the SPX500. The trader was buy the SPX500 below 1 340 and the search for opportunities for short as the SPX500 exchanged over 1,340. The trader has 2 copiers and 35 followers so far about OpenBook.

 

OpenBook Traders Remain Bullish on Wall Street Despite Greek Concerns

February 6th, 9:22 pm
 Wall Street was faced with a struggle today Greece cast a shadow of gloom over the U.S. session. Markets retreated today with the Dow down 41 points, the Nasdaq down 8 points and the S&P 500 down 3 points at the time of writing this report. Traders on OpenBook are primarily long on SPX500 with average limits at 1,350 and stops at 1,320.
Despite the bearish sentiment on Wall Street, OpenBook traders are primarily bullish on SPX500. OpenBook trader drangie was busy this morning scalping short profits on the SPX500 in the European session. The trader switched to becoming a SPX500 bull last week and closed several profitable long positions on the SPX500 with gains between 2% and 5%. The traders started buying SPX500 near 1,336 and closed near 1,342. The trader has 2 copiers and 35 followers so far on OpenBook.
With the U.S. economic calendar light on events, markets are taking their cue from developments in Europe. Talks between Greek Prime Minister Lucas Papdemos and leaders of the three opposition parties were delayed until Tuesday. Greece has to come to an agreement on new austerity measures before it gets the second bailout package. French President Sarkozy and German Chancellor Merkel said that time is running out for Greece to reach an agreement with the troika. The troika refers to European Union, IMF and ECB.
Federal Reserve policy maker James Bullard said that the U.S. housing market has already hit bottom. Bullard who is a hawk is against the current Fed policy of keeping interest rates low until late 2014. Bullard believes that low interest rates hurt savers and older Americans who rely on interest payments.
OpenBook trader aaronsw was also bullish on the SPX500 and used the dip in the markets to add to his SPX500 long exposure. Looking at this trader’s open positions, the trade is targeting SPX500 to reach 1,373. The trader has closed closed several long SPX500 positions in the past few days with gains as high as 48.33%. The trader allocates significant portion of their portfolio (about 34%) to trading SPX500. Besides SPX500, the trader also trades Oil and FRA40. The trader has been watching the $100 per barrel price level on Oil. The trader has been going long as oil prices fall below $100 and going short as oil prices trade above $100 a barrel.

OpenBook traders Gain on Wall Street Rally

 Wall Street rallied on the US report non-farm payroll who showed that K 243 jobs were created in January. The unemployment rate fell to the lowest level in 3 years to 8.3%. Data of beat analyst expectations and boosted the bulls of the US Dollar and the stock markets. The December data was also revised to 203 k of initial k 200 a reported. The economy also added jobs in nearly all sectors such as professional services, retail, health care, restaurants more far, pointing out that the recovery is not specific to a sector. Administration of President Obama cheered the new as the positive employment growth increases the chances of Obama won the presidential election.
OpenBook trader Petra09 ends the week with an impressive performance of 22% for the week. The merchant which is an increase of 50% for the month of trades mainly in indices such as DJ30 (allocation of 38.7%), GER30 (19.7% allowance) and FRA40 (7.2% allowance). The trader also allocates 20% of the portfolio of trading of raw materials. The dealer had a good race today and they were able to close several DJ30 positions near 12 800 after the announcement of the NFP. The trader has reserved profits as high as 30% on these positions DJ30. The operator has also closed a few positions of GER30 with gains between 38-40%. The merchant uses strategies of high risk so that should keep in mind. This merchant does not much trade currencies and should be considered by those who seek to diversify away from currencies.
The ISM services PMI rose in January to the highest level in 11 months. The index increased by 56.8% 53.0% in December. The new orders index pink 4.8 points. The Nasdaq broke above the level of 2 900 and the Nasdaq level 2 889, which is the highest in more than a decade. At the time of this report, the Dow Jones index has 136 points, Nasdaq has 40 points and the S & P 500 has 16 points at the time of this report. Traders on OpenBook are primarily long dows (DJ30) with the boundaries of the medium-12 900 and stops at 12 650.
OpenBook trader Carlalee was now profitable day also close a DJ30 position with 35% to win. This trader like scalping the DJ30 and gold. The trader allocates 52% of the portfolio of trading of gold and was the purchase of gold $ 1700 an ounce. The trader is not a trader in long term and scalps 5% to 10% of gain on a daily basis.

Wall Street Poised to End in Red on Consumer Confidence

(eToro Blog) Wall Street is poised to end the last day in January in the Red. Wall Street indices were down after the Conference Board reported that its gauge of consumer confidence fell in January. The confidence index fell to 61.1 in January from 64.8 in December. Consumer confidence dropped as sentiment on business conditions and employment declined from the previous two months. In another report, the S&P Case Shiller index reported that home price index dropped 1.3%. For the year, the index measured a 3.7% drop in home prices. This confirms with the statements from Fed Chairman Ben Bernanke that the housing market remains week and continues to make it difficult for the Fed to rescue the economy.

With Wall Street looking to end the last day in the red, OpenBook trader joker811 has been very actively trading the indices. This traded started shorting the DJ30, NSDQ100 and SPX500 in the European session and booked profits on several trades including a massive 22% profit on a short SPX500 position. This trader focuses on trading in the indices and EURUSD. The trader is up 15% so far this week primarily because of their wins in trading indices.

Wall Street was slumped in the red today with the Dow down 61 points, the Nasdaq down 9 points and the S&P 500 down 4 points at the time of writing this report. While European indices ended in the positive today on progress made at the EU summit, Wall Street reacted negatively to declining confidence and home prices. Traders on OpenBook are primarily short the Dow (DJ30) with average limits at 12,450 and stops at 12,750.

OpenBook trader qur1024 is another trader who has been mixing up his currency trading with indices. This trader too focuses on the EURUSD but also watches the SPX500. The trader allocates 18% of their portfolio to SPX500 and booked several profitable trades in the past several days as high as 20.83%.

Another OpenBook trader who benefited from the EURSUD drop today is trader Zapdos. This trader shorted the EURUSD near 1.3176 and closed it near 1.3123 for a 212% gain. This trader has closed other EURUSD trades as well this morning with gains ranging from 8% to 28%. In addition the trader is holding short positions on SPX500 with floating profits of 17% and 21% respectively.

 

Wall Street Filled with Greek Worries

The EU summit and Greek debt negotiations filled Wall Street with worries and the Dow is down 85 points, the Nasdaq is down 10 points and the S&P 500 is down 9 points at the time of writing this report. Traders on Open Book are primarily short on the Dow (DJ30) with average limits at 12,450 and stops at 12,750.

OpenBook trader Pumpingstein has already started their trading week with a bang. This trader shorted the DJ30 in two stages. The trader first shorted the DJ30 around 12,604 and booked some profits as the DJ30 fell towards 12,554. Then the trade entered his second short leg at 12,560 and closed that trade at 12,536. This strategy netted the trader 22% and 10% respectively. The trade has opened a third short position at 12,540 and is waiting for their target at 12,426. With the mood firmly bearish on Wall Street, this trader might be able to close out all three DJ30 positions at a profit today. This trader is up 43.9% in the month of January.

The latest economic report from the U.S. showed that personal incomes rose 0.5% in the month of December but that did not translate into more spending. In fact personal spending fell by 0.1%. In a signal that much better things lie ahead for the economy, disposable income rose 0.3%. Inflation rose 0.1% in December as measured by the PCE index. For 2011, inflation measured at 2.4%. The Federal Reserve for the first time set an inflation target at 2% at its policy meeting last week. Federal Reserve official Plosser in his comments today said that he differs on the Fed outlook on the economy. He is more optimistic on the economy than the Fed and expects GDP in 2012 and 2013 be around 3%.

OpenBook trader drangie who we have been following closely was successful today as she traded several profitable positions on the SPX500. This trader who trades the SPX500 primarily in the pre-U.S. session closed several positions in profit by shorting the SPX500 near 1,308 and waiting for her profit targets to hit. This trader usually trades the SPX500 with tight profit targets and has been successful in both buy and sell direction. The trader focuses on trading the SPX500 on her own and copies top trader Hschinner to get exposure to the EURUSD.

The Fed and Apple Keep Wall Street Traders on their Toes

US markets edged higher during the past week, as headlines in Europe were offset by robust earnings and mixed economic data.  The technical breakouts on the major indexes, along with upward pointing momentum were met with weekend profit taking.

On Open book, positioning was mixed with slightly more buyers than sellers on the S&P 500 and the Nasdaq 100.  Guru trader Anugia, who is up almost 3% for the week and 1270.8% over the past three months, closed his open positions on the S&P 500 Index and the Nasdaq prior to the Federal Reserve decision on interest rates.

This trader has a portfolio that is comprised of 66.9% US indexes, and currently 123 traders who are copying his trades.  This all-star also dedicates most of his time toward trading equity indexes with nearly 31.3% of his portfolio focusing on European indexes.  With a stellar track record, Anugia is one of the “go to guys” to follow as far as equity index traders are concerned.

Petra09, a Spanish trader, used the upward momentum of the US markets to trade from the long side and reap solid gains.  During the past 3 months this index trader is up more than 52%.  Mid week he closed a buy position on the Dow Industrials gaining 8.3%.  This trader also focuses on the US index markets and has shown robust returns over the past few months as his concentration has leaned toward equity indexes as his trading instrument of choice.

In corporate news, Apple released earnings to much fan fare.  The large tech titan beat expectations handily, selling more than 37 million iPhones.

As for monetary policy, the Federal Reserve surprised market participants by changing the data to which it believes interest rates will remain at or close to zero percent.  The FOMC announced that rates will remain at current levels to a least the end of 2014.  In prior statements, the central bank had promised to keep Federal Funds rates near zero to the middle of 2013.

With the MACD (moving average convergence divergence indicator) showing increasing momentum, for both the Nasdaq and the S&P 500, and recent resistance giving way, traders like Petra09, who are looking to benefit from upward movements should continue to benefit from strong Wall Street sentiment, provided news out of Europe does not sabotage investors confidence.

 

The Fed and Apple Keep Wall Street Traders on their Toes

US markets edged higher during the past week, as headlines in Europe were offset by robust earnings and mixed economic data.  The technical breakouts on the major indexes, along with upward pointing momentum were met with weekend profit taking.
On Open book, positioning was mixed with slightly more buyers than sellers on the S&P 500 and the Nasdaq 100.  Guru trader Anugia, who is up almost 3% for the week and 1270.8% over the past three months, closed his open positions on the S&P 500 Index and the Nasdaq prior to the Federal Reserve decision on interest rates.
This trader has a portfolio that is comprised of 66.9% US indexes, and currently 123 traders who are copying his trades.  This all-star also dedicates most of his time toward trading equity indexes with nearly 31.3% of his portfolio focusing on European indexes.  With a stellar track record, Anugia is one of the “go to guys” to follow as far as equity index traders are concerned.
Petra09, a Spanish trader, used the upward momentum of the US markets to trade from the long side and reap solid gains.  During the past 3 months this index trader is up more than 52%.  Mid week he closed a buy position on the Dow Industrials gaining 8.3%.  This trader also focuses on the US index markets and has shown robust returns over the past few months as his concentration has leaned toward equity indexes as his trading instrument of choice.
In corporate news, Apple released earnings to much fan fare.  The large tech titan beat expectations handily, selling more than 37 million iPhones.
As for monetary policy, the Federal Reserve surprised market participants by changing the data to which it believes interest rates will remain at or close to zero percent.  The FOMC announced that rates will remain at current levels to a least the end of 2014.  In prior statements, the central bank had promised to keep Federal Funds rates near zero to the middle of 2013.
With the MACD (moving average convergence divergence indicator) showing increasing momentum, for both the Nasdaq and the S&P 500, and recent resistance giving way, traders like Petra09, who are looking to benefit from upward movements should continue to benefit from strong Wall Street sentiment, provided news out of Europe does not sabotage investors confidence.

Wall Street Filled with Greek Worries

The EU summit and Greek debt negotiations filled Wall Street with worries and the Dow is down 85 points, the Nasdaq is down 10 points and the S&P 500 is down 9 points at the time of writing this report. Traders on Open Book are primarily short on the Dow (DJ30) with average limits at 12,450 and stops at 12,750.
OpenBook trader Pumpingstein has already started their trading week with a bang. This trader shorted the DJ30 in two stages. The trader first shorted the DJ30 around 12,604 and booked some profits as the DJ30 fell towards 12,554. Then the trade entered his second short leg at 12,560 and closed that trade at 12,536. This strategy netted the trader 22% and 10% respectively. The trade has opened a third short position at 12,540 and is waiting for their target at 12,426. With the mood firmly bearish on Wall Street, this trader might be able to close out all three DJ30 positions at a profit today. This trader is up 43.9% in the month of January.
The latest economic report from the U.S. showed that personal incomes rose 0.5% in the month of December but that did not translate into more spending. In fact personal spending fell by 0.1%. In a signal that much better things lie ahead for the economy, disposable income rose 0.3%. Inflation rose 0.1% in December as measured by the PCE index. For 2011, inflation measured at 2.4%. The Federal Reserve for the first time set an inflation target at 2% at its policy meeting last week. Federal Reserve official Plosser in his comments today said that he differs on the Fed outlook on the economy. He is more optimistic on the economy than the Fed and expects GDP in 2012 and 2013 be around 3%.
OpenBook trader drangie who we have been following closely was successful today as she traded several profitable positions on the SPX500. This trader who trades the SPX500 primarily in the pre-U.S. session closed several positions in profit by shorting the SPX500 near 1,308 and waiting for her profit targets to hit. This trader usually trades the SPX500 with tight profit targets and has been successful in both buy and sell direction. The trader focuses on trading the SPX500 on her own and copies top trader Hschinner to get exposure to the EURUSD.