(I Chronicles 16:34 AMP)
An Attitude of Gratitude (listen now)
BlessingsIf you woke up this morning with more health than illness, you are more blessed than the million who won't survive the week.
If you have never experienced the danger of battle, the loneliness of imprisonment, the agony of torture, or the pangs of starvation, you are ahead of 20 million people around the world.
If you attend a church meeting without fear of harassment, arrest, torture, or death, you are more blessed than almost three billion people in the world.
If you have food in your refrigerator, clothes on your back, a roof over your head and a place to sleep, you are richer than 75% of this world.
If you have money in the bank, in your wallet, and spare change in a dish someplace, you are among the top 8% of the world's wealthy.
If you hold up your head with a smile on your face and are truly thankful, you are blessed because the majority can, but most do not.
If you can read this message, you are more blessed than over two billion people in the world that cannot read anything at all.
You are so blessed in ways you may never even know.
by Stephen Eardley
Interesting story in the above chart. As we know, the S&P 500 Emini traded just over 500k contracts yesterday during the day session in a tight 6 point range. Once the London session opened, it only took 10,000 contracts to drop the market a full 6 points... Really?
I can trade/leverage 1 Emini contract with $500 during the day session.
At 3:00AM in America (my time) London opens for their day session.
We all know the costs of margin/leverage increases overnight. Right? Why?
Funny you should ask. Perhaps you should even ask the Fed, but I digress.
The market closes and my margin rises to $2,500.00 per contract, yet a fellow across the pond can trade the same contract when his market opens for you guessed it - $500.00 hmmm...
I do have one more chart for you tonight. At the close of today's show I talked briefly about the Descending Price Channel the market was trading in. At the time, we were in the middle of the channel. I stated that one of two things must happen, we trade to the top or bottom of the channel. Price did in fact break out of the channel to the upside and then made a picture perfect pullback to our 1121 level which was also the top of the top of the channel and rallied into the close and the Globex as well.
If you can read this blog - "Thank a Teacher"
In everything you do - "Thank God"
Pray Hard & Trade Safe!