Mar 132013


It’s always great to catch a trade early…  After 2 days of no new economic data, we had several reports this morning including Retail Sales and Trade data pre-market and Business Inventories at 10am EST.  Retail Sales came in very strong and the ES reacted positively, sending price into the DTG 46.75 level where it stayed until after the cash open.  Price unfolded into a nice short order flow opportunity which once price started moving down, it moved down like it was news driven.  It was a mysterious move and obviously institutionally driven, so they were reacting to something.  Maybe they had a ‘peek’ at the horrible Business Inventory number…  

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