Randy'sTradingDesk: November 07, 2013- Stocks Look to Open Higher After ECB Cuts Rates

An expert-driven approach to trading

Thursday, November 7, 2013

November 07, 2013- Stocks Look to Open Higher After ECB Cuts Rates

Sentiment has reverted to one of caution on Thursday, as Wall Street awaits the release of preliminary third quarter GDP data, and the monthly non-farm payrolls report due on Friday. With the Dow Industrials and the S&P 500 Index perched at fresh highs, it would require a strong catalyst to lift the averages from these levels. The markets may also focus on the rate decisions across the Atlantic and a few key earnings scheduled for the day. The Dow futures are receding 13 points, the S&P 500 futures are moving down 2.60 points and the Nasdaq 100 futures are slipping 5.25 points. U.S. stocks picked up positive momentum on Wednesday amid economic hopes, although the tech space did see weakness. On the economic front, the Commerce Department is set to release its preliminary third quarter GDP data 8:30 am ET. Economists expect second quarter sequential growth to be downwardly revised to 2 percent from 2.5 percent. Around the same time, the Labor Department will release its weekly jobless claims report for the week ended November 2nd. Economists expect claims to have declined to 335,000 from 340,000 in the previous week.

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Remember, this is my specialty and a full-time focus as we continue to deliver a graduated learning program to an elite trading community.

randystradingdesk@gmail.com

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

Why Does He Provide the Service

What I have found out about myself is that I am really successful when working with a team and when it is all about me I tend to get lazy. If it were not for leading an investment team, this model would not have developed to the degree of accuracy and efficiency that it is today. It's about being accountable to others that encourages the weekly analysis used in refining this system and always looking for ways to streamline even further by investigating technology solutions that automate what is considered routine. As a result, we are able to take advantage of a refined system while offering it to a limited group of investors.

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Limited Time or Knowledge
Here investors are notified when a "Traders Pick" is posted and simply log-in to the service to view the selection and follow a precision pricing strategy (PPS) for each traders pick recommended. These picks focus on US, CAD, ETF's and Global/Emerging markets.

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