Traders AI – Powered by Artificial Intelligence AND Driven by Natural Wisdom.
Good morning! There are a bunch of economic releases scheduled for 0830am EDT:
– US GDP Annualized Quarter-over-Quarter
– US GDP Price Index
– US Advance Goods Trade Balance
– US Wholesale Inventories
– US Personal Consumption
– US Core PCE
Expect a lot of whipsaws around these releases. Unless you fancy indulging in scalping for pennies – or, are a professional, high frequency trader – do NOT trade into these news cycles but stay away and observe the price action. Wait for the dust to settle down before you plan your trade.
If you are reading the headline news and feeling tempted to short sell the market (S&P 500 #SP500 #SPX #SPY #ES), be careful of potential bull/bear traps!
Also, if you sold the market short yesterday and are sitting on painful losses, please read our outlook and trading plan published last night to get a second opinion about your trading decisions on how to potentially salvage it with minimal losses possible and the best price levels to initiate your trade.
Use our timely commentaries and nightly outlook and forecasts as an objective tool, as a second opinion to help temper the emotions involved in your trading decisions (hype, fear-and-greed):
– Get comprehensive, actionable insights into the market action – unlike any of the financial news media out there and unlike the internet scamsters posing as “experts”.
– Read for yourself and share with your friends – it could help a friend not get into a bad trade driven by all the hype and fluff floating around on the cyberscape!
http://tradersai.blogspot.com/2018/05/s-500-outlook-for-wed-530.html