My work in modeling top traders suggests that if you are to do well, you must have a trading system that fits you. - in Super Trader, Van K Tharp
The week is starting on a bearish note. EMini S&P Futures are down 15 points in Globex trading and Nymex Crude Oil is down about 1%. I see very limited upside for the risk trade and plenty of downside.
Europe (Italy bonds are selling off) and MF Global will be the drivers today. The Chicago PMI will come out later today. It`s a another fresh economic data for the market to digest.
Have a great day!
