Market Still Struggling to stay in Consolidation

[leo]

The Asian and European market sold off badly last night so we opened the session limit down. The market didn't extend the drop for very long and has traded above that level most of the day. We did have 1 break-even trade in the es but did the rest of our trading in the currencies. We have a week left of trading this month and are already up over 35% for October. Maybe we will surpass August's profits of 41%. The positive existing homes sales report didn't phase the market any more than OPEC's announcement of cutting production helped the oil. The market is still struggling to stay in the consolidation of the last few weeks (See my Oct 8th post) and is due for a continuation down. The election is upon us and will also put pressure on the market. Have a nice week-end

[Brent78]

A nice information you have shared with us, currently the present market condition is not good. I also like to invest money, but at this time I am taking my decisions very carefully.