Bill Cara’s Blog for Dec 7, 2012
CTA Trading Desk Morning Report
[7:00am ET] Good morning, Geoff here.
As we wait for the employment data, I’d like to show you two important charts for the miners:
You can see that there is a confluence of a major uptrend line, 2 dynamic trend lines and an important Fibonacci Retracement level.
With this morning’s Employment data and worries about the Fiscal Cliff, it is make or break for the miners. Watch the green cup area in the second chart, either it fails or provides an excellent area to scoop up shares.
Have a great trading day!
Here are the 7:00am ET snapshots of the latest equity market trading results for Europe, and futures prices plus 5-minute charts of the futures for S&P 500, 30-year US Treasury Bond, US Dollar index, Gold and Crude Oil.
|Symbol||Name||Last Trade||Change||Related Info|
||3.44 (0.15%)||Components, Chart, More|
||3.20 (0.13%)||Components, Chart, More|
||7.51 (0.21%)||Components, Chart, More|
||16.96 (0.23%)||Components, Chart, More|
||0.10 (0.03%)||Components, Chart, More|
|^OSEAX||OSE All Share||483.58
||2.32 (0.48%)||Components, Chart, More|
||1.19 (0.35%)||Components, Chart, More|
||5.20 (0.08%)||Components, Chart, More|
||11.23 (0.19%)||Components, Chart, More|
||3.80 (0.38%)||Chart, More|
||9.87 (0.69%)||Chart, More|
|GD.AT||Athex Composite Share Price Index||840.36
||8.66 (1.04%)||Chart, More|
The team will check in during the day, reporting in the Discourse when there is a new entry.
Enjoy your day.
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Point and Figure on Canada
Cara on the Metalminers
Cara on the International Markets
CTA Trading Desk Mid-Day Report
CTA Trading Desk Post-Close Report