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, July 22, 2012
Looking Ahead: Week of July 23 through 27
For the big event on Friday, investors nerves will be tested as they await to see if Q2 GDP tops or falls short of the Q1 sluggish pace. But earlier there will be updates on manufacturing and housing. Whether manufacturing has softened will be updated with the Markit flash PMI, Richmond Fed, durables orders, and Kansas City reports. Housing news includes FHFA house price index, new home sales, and pending existing home sales.
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