Trade Strategy 7.7.23

Markets (Top Stories) Making sense of it all All eyes will be on the Labor Department’s nonfarm payrolls report this morning as the Labor Department publishes the figure at 8:30 AM ET. Economists expect the U.S. economy to have added … Continue reading

Trade Strategy 7.6.23

Markets (Top Stories) Source: seekingalpha.com Economic Calendar 8:30 Initial Jobless Claims 8:30 International Trade in Goods and Services 8:45 Fed’s Logan: “Policy Challenges for Central Banks” 9:45 PMI Composite Final 10:00 ISM Service Index 10:00 Job Openings and Labor Turnover Survey 11:00 EIA Petroleum Inventories 4:30 PM Fed Balance … Continue reading

Trade Strategy 7.5.23

Markets (Top Stories) Source: SeekingAlpha.com Economic Calendar 7:00 MBA Mortgage Applications 10:00 Factory Orders 2:00 PM FOMC Minutes https://www.investing.com/economic-calendar/ S&P 500 Prior Session was Cycle Day 2 (CD2): Quiet holiday trading with shortened session Monday and Tuesday (closed).  Prior range (Friday) was 65 handles on … Continue reading

Trade Strategy 6.30.23

Markets (Top Stories) Source: SeekingAlpha.com Economic Calendar https://www.investing.com/economic-calendar/ S&P 500 Prior Session was Cycle Day 2 (CD2): Normal CD2 as price tested and held key LIS (4420), consolidated throughout the session and closed near high of the day. Textbook Cycle Day 2. … Continue reading

Trade Strategy 6.29.23

Markets (Top Stories) Source: SeekingAlpha.com Economic Calendar https://www.investing.com/economic-calendar/ S&P 500 Prior Session was Cycle Day 1 (CD1):  Normal CD1 as price declined establishing a new low at 4399.25. Prior range was 31 handles on 1.620M contracts exchanged.   …Transition from Cycle Day 1 … Continue reading

Trade Strategy 6.28.23

Markets (Top Stories) Source: SeekingAlpha.com Economic Calendar https://www.investing.com/economic-calendar/ S&P 500 ***Written Tuesday evening for Wednesday’s trading for contribution to MrTopStep’s “The Opening Print” publication. Prior Session was Cycle Day 3 (CD3):  Markets held critical Line-In-Sand Level (4375) as outlined in prior DTS Briefing 6.27.23. Once … Continue reading

Trade Strategy 6.27.23

Markets (Top Stories) Source: SeekingAlpha.com Economic Calendar https://www.investing.com/economic-calendar/ S&P 500 Prior Session was Cycle Day 2 (CD2): Opening bid drove price higher to our initial TZ (4395 – 4400) as outlined in DTS Briefing 6.26.23. Reversal unfolded as sellers turned dominant, sending … Continue reading

Trade Strategy 6.26.23

Markets (Top Stories) Source: SeekingAlpha.com Economic Calendar https://www.investing.com/economic-calendar/ S&P 500 Prior Session was Cycle Day 1 (CD1):  Normal CD1 as price declined establishing a new low at 4381.50. Prior range was 45 handles on 1.459M contracts exchanged.   …Transition from Cycle Day 1 … Continue reading

Trade Strategy 6.23.23

Markets (Top Stories) Source: seekingalpha.com Economic Calendar https://www.investing.com/economic-calendar/ S&P 500 Prior Session was Cycle Day 3 (CD3):  Positive 3-Day Cycle Statistic was fulfilled as price traded above 4410 during RTH Session. Prior range was 34 handles on 1.323M contracts exchanged.   …Transition from … Continue reading

Trade Strategy 6.22.23

Markets (Top Stories) Source: SeekingAlpha.com Economic Calendar https://www.investing.com/economic-calendar/ S&P 500 Prior Session was Cycle Day 2 (CD2): Price declined to test the CD1 Low (4410.50) down to TargetMaster Level 4405, bounced to 4430, then consolidated through out the session as JPOW’s testimony … Continue reading