Feb 142012
 


CL 03 12 (1 Min) 02.14.12

2/14/2012 Monthly Retail Sales (0330 HI time / 0830 EST)
Core Forecast: 0.6%
Core Actual:0.7%
Previous revision:-0.3% to -0.5%
Regular Forecast: 0.8%
Regular Actual:0.4%
Previous Revision:-0.1% to 0.0%
SPIKE WITH 2ND PEAK
Started @ 101.55
1st Peak @ 101.44 / retrace to 101.63 – 0331 (1 min)
-11 / +8 ticks

2nd Peak @ 101.22 – 0334 (4 min)
33 ticks

Reversal to 101.47 – 0343 (13 min)
25 ticks

Notes: Report was mixed, mostly falling short of forecast causing a downward spike after a bit of indecision. In this case the market spiked up prior to falling and would have gotten you in long with the JOBB strategy. Either take the stop loss after seeing the volatility, or try to close out with minimal loss / gain.