Hopefully everyone had a good weekend and enjoyed the good football games. When I glanced through the news only one thing really stuck out at me. Retail sales probably stalled in December which doesn’t surprise me, but could cause further sell off in the markets this week. The Retail Sales report is at 8:15am ET Monday morning and that could have a big impact on the market. One could also say that news is already priced in, that wouldn’t come as a shock either after the recent sell off. ...

james_gsx

Sorry for writing the blog so late. I was busy all night and finally got a chance to sit down and do this.

Today proved to be another volatile day. Ben Bernanke came out and announced that deeper rate cuts will most likely be needed (Story) as the economy is slowing. This initially drove markets higher only to sell off, then rally again. Tonight Merrill Lynch announced they will take down $15 billion mortgage write down which is double the initial estimate(story). Overall this is...

james_gsx

I thought it would be nice to start posting my daily analysis on the YM, ES, NQ, and CL here. I have a blog that I update daily (or try to) and this will basically have the same thing. Why do I post here as well as my blog site? Quite simple, there are new members here and it might be helpful, chances are they'll never hear of my blog so I hope I can contribute by posting here as well. I am not an expert trader like some, but I do feel that my TA skills are good enough to help others. Don't trade...

james_gsx