Trade Strategy 8.3.20

Markets S&P 500 futures advanced 0.3% overnight trading. Source: Seeking Alpha Source: Economic Calendar 9:45 PMI Manufacturing Index10:00 ISM Manufacturing Index10:00 Construction Spending Source: S&P 500 (ES) Prior Session was Cycle Day 3 (CD3): Early successful test of CD1 resulted in end of month rally which … Continue reading

Trade Strategy 7.31.20

Markets Stocks are set to end the week on a high note after four of the biggest tech stocks – Apple (NASDAQ:AAPL), Amazon (NASDAQ:AMZN), Facebook (NASDAQ:FB) and Alphabet (GOOG, GOOGL) – reported quarterly results that beat high expectations. Source: Economic Calendar 8:30 Personal Income and Outlays8:30 Employment Cost … Continue reading

Trade Strategy 7.29.30

Markets S&P 500 futures advanced 0.2% overnight as traders awaited the Fed’s latest policy decision. Source: Seeking Alpha Source: Economic Calendar 8:30 International trade in goods8:30 Retail Inventories (Advance)8:30 Wholesale Inventories (Advance)10:00 Pending Home Sales10:00 State Street Investor Confidence Index10:30 EIA Petroleum Inventories11:00 Survey of Business Uncertainty2:00 PM FOMC Announcement2:00 … Continue reading

Trade Strategy 7.28.20

Markets U.S. stock index futures are 0.3% lower ahead of the big earnings announcements, which will include Amazon (NASDAQ:AMZN), Apple (NASDAQ:AAPL) and Alphabet (GOOG, GOOGL) in the coming days. Source: Economic Calendar FOMC meeting begins8:55 Redbook Chain Store Sales9:00 S&P Corelogic Case-Shiller Home Price Index10:00 Consumer Confidence ***New: PTG … Continue reading

Trade Strategy 7.27.20

Markets Stocks are on the rise alongside safe-haven assets ahead of an upcoming Fed meeting that will yield clues on what comes next for monetary policy. S&P 500 futures advanced 0.6% overnight. Source: Economic Calendar 8:30 Durable Goods10:30 Dallas Fed Manufacturing Survey S&P … Continue reading

Trade Strategy 7.23.20

Markets Dow and S&P 500 futures are ahead by 0.4%, while the Nasdaq advanced 0.9% Source: Economic Calendar 8:30 Initial Jobless Claims10:00 Leading Indicators10:30 EIA Natural Gas Inventory ***New: PTG Trading Room Chat Log’s Link S&P 500 Prior Session was Cycle Day 2 (CD2):  Overall it … Continue reading

Trade Strategy 7.22.20

Markets Source: Economic Calendar 10:00 Existing Home Sales10:30 EIA Petroleum Inventories Source: S&P 500 (ES) ***Written 8 pm Tuesday evening for Wednesday’s trading for contribution to Mr. TopStep’s Opening Print Publication. Tuesday’s Session was Cycle Day 1 (CD1): Early price gap strength … Continue reading

Trade Strategy 7.21.20

Markets Rally continues Big tech led the charge for Wall Street on Monday as the Nasdaq 100 had its best gain in three months, boosted by the FAANG. Source: Seeking Alpha Source: Economic Calendar 8:30 Chicago Fed National Activity Index8:55 Redbook Chain … Continue reading