18 April 2014 ~ Taking Stock Of Recent News Plays

Despite recording all the action from the week, there were no specific harry hindsight news plays that I felt warranted a video clip.
As the blog has progressed, I have become more selective about what qualifies as a potential “free money trade”. There have been a handful of key moments over the last several weeks; I’d like to review the biggest of them on a 60 minute chart, to really put them in context.

What I found quite surprising was the lack of higher time-frame “follow-through” in each instance of news. Draghi or Yellen might say something important and dictate the market direction over the following couple of hours, but the very next day – or soon enough anyway – the market retraces the whole move. It makes me wonder just how significant news is in the grand scheme of things?…

S&P500, looking at key news events of the last several weeks.

S&P500, looking at key news events of the last several weeks.

EUR:USD, looking at key news events of the last several weeks.

EUR:USD, looking at key news events of the last several weeks.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s