Home About Millennium Forum Guide to Services Trial Subscribe Member Login
Live chat by Boldchat

Stocks Trading Room
Futures Trading Room
Forex Trading Room
Options Trading Room
Chart Settings
Triple Access
Double Access
Stocks Trading Room
Futures Trading Room
Forex Trading Room
Options Trading Room
Market Commentary
Economic Calendar
Weekly MarketNews
Trader Tips
Market Alerts
Stocks Chat Room
Futures Chat Room
Forex Chat Room
Options Chat Room
Penny Stocks Chat Room Trading Rooms
Performance Tracking
Other Services
General Information
Stocks
Futures
Forex
Options
Penny's
FREE e-Book
Taking Day Trading
by Storm


Get into the basics on how to become a Professional Day Trader!

more info...







Consumers Shy Away From Plastic
Consumers Shy Away From Plastic


During July according to data released on Monday from the Federal Reserve, consumer credit declined for the first time in 11 months as Americans turned to their plastic less and as growth in student loans cooled. Data showed that consumer credit fell at a seasonally adjusted annual rate of 1.5% to $2.71 trillion. Revolving debt like credit-card borrowing fell for the second month with a 6.8% slide while larger non-revolving consumer credit category such as auto and student loans saw a slowing of the growth rate, down to just 1% from 9.8% in June. The Fed made a substantial upward revision of data from December 2010 onwards, with June growth reaching 5.3% from a previously reported 3% and May growth of 8.7% from a previous estimate of 7.8%. June's level of credit was revised up to $2.71 trillion from $2.58 trillion.

According to a monthly labor-market report released Monday by the Conference Board, a private research group, a gauge of employment trends increased in August, but gained little over the past six months, signaling that jobs growth may remain slow, in the short-term. The employment-trends index, which is designed to forecast turning points in employment, increased 0.51% in August from July, and is up 0.69% from February. "Economic activity expanded by less than a 2 percent rate in recent months, and this pace is likely to continue through the end of the year. In such an environment, it's difficult to foresee the economy adding much more than 100,000 jobs per month," said Gad Levanon, macroeconomic research director at the Conference Board. The employment-trends index is made up of eight labor-market indicators, four of which made positive contributions in August led by the percentage of firms with positions that they are unable to fill right now. The index level for August is up 6.2% from last year, reaching 107.47 in June, compared with 100 in 1996.

A last-minute turnaround ahead of inventories data and the U.S. Federal Reserve meeting later in the week, Oil futures ended the session higher on Monday. Crude for October delivery (NMN:CLV2) added 12 cents, or 0.1%, to $96.54 a barrel on the New York Mercantile Exchange after spending most of the day in the red.

Relinquishing some of the sharp gains from last week, Gold futures ended lower Monday as investors took profits and waited to hear from the U.S Federal Reserve later this week when FOMC Policy makers are scheduled to meet Wednesday and Thursday, with a policy statement due Thursday. On the Comex division of the New York Mercantile Exchange, Gold for December delivery (CNS:GCZ2) declined $8.70 or 0.5%, to end at $1,731.80 an ounce. Reports on other metals results for the day include: Copper for December delivery (CNS:HGZ2) gain of 4 cents or 1.2%, to $3.69 per pound, settling at its highest since May; December Silver (CNS:SIZ2) pulled back by 6 cents or 0.2%, to $33.63 an ounce; Platinum for October delivery (NYMEX:PLV2) gained $7.50 or 0.5% to $1,603.80 an ounce and December Palladium (NYMEX:PAZ2) rose $18 or 2.8% to $672.75 an ounce.

Titan Machinery (TITN) shares got the smack-down today, plummeting lower by 23% where it ended during the final minutes of the closing session on Wall Street. The agricultural and construction-equipment retailer saw margins pressured by a drought and a competitive retail environment. Revenue was up 32% in the fiscal Q2 to $410.1 million with a reported profit of $5.2 million or $0.25 per share. Titan reduced earnings guidance for the full year to between $2.10 and $2.30, down $0.45 from previous guidance. Share trading volume which averaged mid to high four hundred thousand mark, rocketed to over 7.9 million shares traded on the session.

On Tuesday at a financial services conference organized by Barclays in New York, J.P. Morgan Chase & Co.’s (JPM) multi-billion-dollar trading loss will likely once again steal the spotlight when Jamie Dimon, chairman and chief executive, gives a presentation to investors. Dimon, will speak at 12:45pm Eastern Time.


You can track the call performance of our moderators from inside our live Trading Rooms throughout the trading day by following us on Twitter.  Also join us on Facebook.

One week trial to our Day Trading Rooms for stocks, futures and forex. Professional Training Programs available for stocks, futures and forex traders.

Stocks trading calls focus on NYSE, NASDAQ and AMEX.

Futures trading calls focus on YM, NQ, TF and ES.

Forex trading calls based on New York trading session focus on GBPUSD, USDCAD, USDJPY, EURUSD, GBPJPY, USDCHF, EURJPY, EURAUD, AUDJPY, CHFJPY, EURCAD, GBPCAD and AUDUSD.

Detailed historic performance for all calls is available on our Market Commentary page.

Monthly Trading Lesson provides new trading subject every month.

Opt-in to our free Weekly MarketNews sent via email, first trading day of the week which includes recap of markets from previous week, active stocks plus, what is ahead for the upcoming trading week.

Register now for our Free Chat Rooms - penny stocks, options, stocks, futures and forex! Chat with other traders during off-peak market hours.



Sept 10, 2012


Top of the page


   

Performance
Stocks Trading Room
Total for Year
Last Week
$70,240.00
$0.00
Futures Trading Room
Total for Year
Last Week
$85,270.50
$0.00
Forex Trading Room
Total for Year
Last Week
$251,937.90
$0.00
Options Trading Room
Total for Year
Last Week
$145,900.00
$0.00
empty
Total for Year
Last Week
$0.00
$0.00
News & Commentary

Forex Day Trading Room Performance for May 6, 2016

Futures Day Trading Room Performance for May 6, 2016

Forex Day Trading Room Performance for May 5, 2016

Futures Day Trading Room Performance for May 5, 2016

Stocks Day Trading Room Performance for May 5, 2016

Forex Day Trading Room Performance for May 4, 2016

Futures Day Trading Room Performance for May 4, 2016

Forex Day Trading Room Performance for May 3, 2016

Futures Day Trading Room Performance for May 3, 2016

Stocks Day Trading Room Performance for May 3, 2016


News & Commentary

Monthly Trading Lesson


RSS Feed...
subscribe by
clicking on above

Social Networks...
subscribe by
clicking Icons below