Accendo Traders Weekend Wrap Up Trade Plan for Sunday, August 10th
Effective Trade Plans delivered daily from AccendoTraders.com. Here is our video technical analysis trade plan for Sunday, August 10th.
The market continued its roller coaster ride this week. The Dollar Rallied early in the week as we saw the easy long play on Euro begin to wind. Even after the Fed kept rates unchanged on Tuesday, the dollar still held strong. However, on Thursday, we had the weekly jobless claim raise to new highs. This caused the 4-week average to reach its highest level since July 2003. However, it was refreshing to see the market buy the dip as we rallied hard on Friday.
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