Day Trading Recap After The Bell - by Rockwell Trading

As the markets waited for this afternoon's FOMC Statement, trading activity slowed noticeably on thin volumes and lackluster volatility. We expected this, but still found the markets tricky to trade with any real momentum and follow through. To see the trades we identified, click on "READ FULL ARTICLE" and watch the video.

The overnight markets were becoming more anxious ahead of tomorrow's FED Announcement and Thursday's ECB meeting. As a result, we expected the markets to remain somewhat range bound on thin trading volumes. To see the trades we identified, click on "READ FULL ARTICLE" and watch the video.

The overnight markets were somewhat mixed coming into the open of the US trading session, as traders appeared to be waiting on what the US Fed and European Central Bank may announce later this week. As a result, we expected slow moving conditions and looked for opportunities to scalp the markets. To see the trades we identified, click on "READ FULL ARTICLE" and watch the video.

The overnight markets continued to rally on yesterday's news that the European Central Bank would do whatever was necessary to save the euro. Further momentum came from better-than-expected GDP data for the United States, and this made for a fun and interesting trading session. To see the trades we identified, click on "READ FULL ARTICLE" and watch the video.

When Mario Draghi and the European Central Bank pledged "to do whatever it takes to save the euro", the global markets did an about face and sharply pushed higher coming into the open of the US trading session. This positive sentiment was further aided by lower-than-expected US jobless claims, and solid second quarter earnings from 3M and ExxonMobil. To see the trades we identified, click on "READ FULL ARTICLE" and watch the video.

The overnight markets were mixed as concern over the euro zone debt crisis was mildly offset by hopes that the European Central Bank will add more firepower to its bailout funding program. In addition, better-than-expected US corporate earnings gave the markets an added boost as we began our trading day. To see the trades we identified, click on "READ FULL ARTICLE" and watch the video.

Continued concern over the euro zone debt crisis trumped positive manufacturing PMI data out of China, and kept the markets in a funk as we approached the open of the US trading session. With no major news or events scheduled, there was little on tap to move the markets in what proved to be a very slow trading day. To see the trades we identified, click on "READ FULL ARTICLE" and watch the video.

Serious concerns over Spain's fiscal challenges sent the overnight markets into a tail spin, and presented us with a significant opening gap down in the index, currency, and commodity markets at the open the US trading session. As a result, we expected today to be tricky to trade in what turned out to be highly volatile market conditions. To see the trades we identified, click on "READ FULL ARTICLE" and watch the video.

Downbeat economic news, and dangerously high yield rates for Spanish bonds, helped to propel the global markets lower as we approached the open of the US trading session. As a result, we expected a fair amount of volatility, and potentially decent opportunities to enter the markets. To see the trades we identified, click on "READ FULL ARTICLE" and watch the video.

Upbeat corporate earnings continued to help the global markets maintain a positive sentiment as we headed into the open of the US trading session. However, worse-than-expected jobless claims, home sales, and manufacturing data kept a lid on any significant market rally. To see the trades we identified, click on "READ FULL ARTICLE" and watch the video.

IOvernight markets were generally upbeat as better-than-expected corporate earnings were released in Europe and the United States. However, gains were capped by disappointment over the lack of stimulus commitment from the US Federal Reserve, despite a general acknowledgement that the global economy is slowing. To see the trades we identified, click on "READ FULL ARTICLE" and watch the video.

Investors were anxious ahead of Fed Chairman Bernanke's testimony before the US Senate Banking Committee, and hoped for signs that there might be some sort of stimulus program coming down the road. But Bernanke held firm, and this sent the markets into a wild ride. To see the trades we identified, click on "READ FULL ARTICLE" and watch the video.

The overnight markets were mixed coming into the open of the US trading session, as investors continued to look to the global central banks for signs of possible further easing in order to stimulate economic growth. As a result, we knew the markets might be tricky to trade, as they moved in a choppy, range bound fashion. To see the trades we identified, click on "READ FULL ARTICLE" and watch the video.

Chinese GDP for the second quarter came in at 7.6%, and was inline with expectations. This calmed investor fears that China was heading for a hard landing, and gave the global markets a nice bounce coming into the open of the US trading session. To see the trades we identified, click on "READ FULL ARTICLE" and watch the video.

The US Fed disappointed the markets as it decided to hold firm, and not offer any hope of further stimulus, unless the US economy gets dramatically worse. As a result, the overnight markets were all selling off coming into open of the US trading session, and we expected to see a fair amount of volatility. To see the trades we identified, click on "READ FULL ARTICLE" and watch the video.