Trade Strategy 4.10.23

Markets (Top Stories) Economic Calendar 10:00 Wholesale Inventories (Preliminary) 12:30 PM Investor Movement Index https://www.investing.com/economic-calendar/ S&P 500 Prior Session was Cycle Day 1 (CD1): Short holiday trade ended with a Positive 3-Day Cycle.  Prior range was 38 handles on 1.259M contracts exchanged.   …Transition … Continue reading

Trade Strategy 4.6.23

Markets (Top Stories) Spotlight on jobs The U.S. labor market appears to be easing, according to latest jobs data, but investors are awaiting the payrolls report to be released tomorrow for further proof that the Federal Reserve could end its rate-hiking cycle. … Continue reading

Trade Strategy 4.5.23

Markets (Top Stories) Source: SeekingAlpha.com Economic Calendar 8:15 ADP Jobs Report 8:30 Goods and Services Trade 9:45 PMI Composite Final 10:00 ISM Service Index https://www.investing.com/economic-calendar/   10:30 EIA Petroleum Inventories S&P 500 ***Written Tuesday evening for Wednesday’s trading for contribution to MrTopStep’s “The Opening Print” publication. Prior Session was Cycle … Continue reading

Trade Strategy 4.4.23

Markets (Top Stories) Economic Calendar 10:00 Factory Orders 10:00 Job Openings and Labor Turnover Survey 6:45 PM Fed’s Mester Speech https://www.investing.com/economic-calendar/ S&P 500 Prior Session was Cycle Day 3 (CD3): Positive 3-Day Cycle  was fulfilled as Mutual Fund Monday (MFM) sustained bid throughout this … Continue reading

Trade Strategy 4.3.23

Markets (Top Stories) Surprise! Crude is back in the news following a shock oil output cut from major producers in the OPEC+ group. WTI crude futures (CL1:COM) surged past $81 a barrel at the open to its highest price since late January, … Continue reading

Trade Strategy 3.31.23

Markets (Top Stories) Economic Calendar 8:30 Personal Income and Outlays 9:45 Chicago PMI 10:00 Consumer Sentiment 1:00 PM Baker-Hughes Rig Count 3:00 PM Farm Prices 3:05 PM Fed’s Williams Speech https://www.investing.com/economic-calendar/ S&P 500 Prior Session was Cycle Day 1 (CD1):  Markets did produce a decline, albeit shallow … Continue reading

Trade Strategy 3.30.23

Markets (Top Stories) The Nasdaq 100 Index (NDX) has surged into a new bull market for the first time in nearly three years, with the tech-heavy benchmark now up more than 20% from its closing low on Dec. 28.  Bull riding Another … Continue reading

Trade Strategy 3.29.23

Markets (Top Stories) Source: SeekingAlpha.com Economic Calendar 10:00 Pending Home Sales 10:00 State Street Investor Confidence Index 11:00 Survey of Business Uncertainty 11:30 Results of $22B, 2-Year FRN Auction 1:00 PM Results of $35B, 7-Year Note Auction https://www.investing.com/economic-calendar/   10:30 EIA Petroleum Inventories S&P 500 ***Written Tuesday … Continue reading

Trade Strategy 3.28.23

Markets (Top Stories) Economic Calendar 8:30 International Trade in Goods (Advance) 8:30 Retail Inventories (Advance) 8:30 Wholesale Inventories (Advance) 9:00 Case-Shiller Home Price Index 9:00 FHFA House Price Index 10:00 Consumer Confidence 10:00 Fed’s Barr Testify on Bank Oversight 10:00 Richmond Fed Mfg. 1:00 PM Results of $43B, 5-Year … Continue reading

Trade Strategy 3.27.23

Markets (Top Stories) Economic Calendar 10:30 Dallas Fed Manufacturing Survey 1:00 PM Results of $42B, 2-Year Note Auction https://www.investing.com/economic-calendar/ S&P 500 Prior Session was Cycle Day 3 (CD3): Consolidation during the morning session lead to afternoon rally closing near highs of the day … Continue reading