Today´s Market August 23, 2013

NASDAQ-100 (^NDX)

Stocks climbed for a second day in a row.  Once again, markets are reacting positively to bad economic news as evidenced by today´s rally in the midst of a sharp decline in New Home Sales, adding  confusion to QE reduction´ timing. CNBC states that markets still have no greater clarity on when the Federal Reserve may begin to curtail its $85 billion in monthly bond purchases following Friday’s economic data. Sales of new single-family homes fell 13.4 percent to a 394,000 annual rate in July, their lowest level in nine months.  Oil rallied sharply as well due to a major unit shutdown at an eastern Canadian refinery.

Today´s Profit USD 180 (Portfolio Size: USD 25,000)

Visit Past Trades to review our history.

Follow us on Twitter @NDXTrading for real-time trading levels

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s