We are traders and masters of risk. When you become pro you stop over analysing and all you do is sit there, and wait, and wait, and wait some more until you find the perfect trade. What I am saying is that the market makes all the decisions. Our only decision is to listen, feel, and respond to the market’s siren. Always and without exception. Remember, the market never lies. It is only we who lie to ourselves.
Sunday, May 27, 2012
Looking Ahead: Week of May 28 through June 1
Everything leads up to Friday’s jobs report for May. Traders hope to see improvement from last month’s meager gains. However, before Friday, a slew of reports covering the consumer are posted, including ADP employment, confidence, income, personal spending, and motor vehicle sales. Housing updates include pending home sales and Case-Shiller home prices. For updates on manufacturing, the ISM, Markit final PMI, and Kansas City surveys will be released.
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