An expert-driven approach to trading

Follow a stream-lined approach to Contrarian trading where expertise guides you through a graduated learning program. Select pre-screened opportunities that support a complete entry and exit strategy and also track your orders to target with recommended adjustments based on current market sentiment. If you are interested in finding out more about this successful approach to trading and how to become part of this community, please email me direct at randystradingdesk@gmail.com

Tuesday, May 1, 2012

May 01, 2012- Stocks Trade Flat Ahead of Factory Data

An uneasy mood prevails on Wall Street on Tuesday, as traders look ahead to a key manufacturing reading to get further clarity on the domestic economic outlook. Earlier in the day, a government report showed that the Chinese manufacturing sector expanded at a slower than expected pace in April, while the U.K. manufacturing sector experienced a slowdown in the rate of expansion. A few key earnings reports, including those from pharma giant Pfizer (PFE) and auto sales may also impact market sentiment. As of 6:15 am ET, the Dow futures are slipping 3 points, while the S&P 500 futures are slipping 1.30 points and the Nasdaq 100 futures are slipping 4.75 points. On the economic front, the results of the manufacturing survey of the Institute for Supply Management, which are based on data compiled from purchasing and supply executives nationwide, are due out at 10 am ET. Economists expect the index to show a reading of 53 for April, a modest drop from 53.4 in March.
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Delivering Consistent Returns



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randystradingdesk@gmail.com

Successful Trading requires:
1. Following a set of proven disciplines
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3. Patience know "when to hold em and when to fold em"
4. Continuous Learning

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