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.
Tuesday, September 25, 2012
Looking Ahead: Week of September 24 - 28
Most key sectors get updates this week. With manufacturing slowing down, investors will be looking to the latest reading on durable goods orders along with regional Fed reports from Dallas, Richmond and Kansas City. Consumer sector strength will be assessed in the personal income and spending report along with both consumer confidence and sentiment. Confirmation of recent positive housing reports will come from data on new home sales and pending existing home sales. Finally, the third estimate for second quarter GDP is released but likely will be seen as old news.
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