Once again the US stock indexes continue to baffle traders worldwide with the uptight, stuck ranges and complete lack of pullback.
The volatility just cannot seem to get going and we are not seeing a normal pullback against a market that has been only grinding higher for over 8 weeks.
I am hearing rumours that a large portion of the trading community seems to think that this low volatility condition will continue for sometime. Whether true or not, apparently many traders have been spreading April and May calls on the VIX which is causing even more of a volatility contraction. This may explain why just when it appears we are going to get a sell off of sometime the market just catches support and crawls back higher.
Now it goes without saying that with the large amount of capital resources the FED trading desk may be doing this on a large scale also to try to prevent any serious drop in the markets. Call it want you want…I call it rigging and it should be stopped.
The GOOD NEWS is that traders can forget the US stock index futures for now at least for a while and look to switch over to the HOTTEST day trading market of all…..The EuroFX (6E) contract traded on the Chicago Mercantile Exchange.
This highly regulated contract sidesteps the problems of the regular Forex markets with all the problems with brokers trading against the customers and creating artificial spreads. This is a “one price for everyone” market thanks to the CME.
Boomerang Currency Trader ROCKS this market. The system offers traders up to 80% accurate trades and I am getting reports of even higher accuracy.
If you have some trading skill and want to discover an amazing alternative to these contracted US stock indexes the time is now to purchase Boomerang Currency Trader and get into the daily action of the 6E.
I’ll be there to guide you all the way.
Here is today’s Video tutorial for this weeks Monday and Tuesday markets. I’ll see you in the action. Mohan
Be sure to check the Members Area of this blog to watch a webinar I have done on Boomerang Currency Trader and learn all the simple rules before you purchase.
Email me with any questions at Mohan@boomerangtrader.com