Markets Selling picks up, oil tumbles An alarming rise in new COVID-19 cases continues to weigh on market sentiment, with U.S. stock index futures sliding over 1% overnight and crude futures off 4% to under $38/bbl. Source: SeekingAlpha.com Economic Calendar 8:30 International trade in goods (Advance)8:30 Retail … Continue reading
Markets Wall Street sold off on Monday, led by a decline in energy, industrial stocks and other cyclicals, prompting the Dow to slide 650 points to record its worst week since September. Echoing the weakness, compounded with little hope of … Continue reading
Markets Source: SeekingAlpha.com Economic Calendar 8:30 Chicago Fed National Activity Index10:00 New Home Sales10:30 Dallas Fed Manufacturing Survey https://www.investing.com/economic-calendar/ ***New: PTG Trading Room Chat Log’s Link S&P 500 Friday’s Session was Cycle Day 3 (CD3): 3 Day Cycle Statistic was fulfilled with price oscillating within value … Continue reading
Markets It’s been quite a choppy trading week on Wall Street, and that trend didn’t stop overnight, with U.S. stock index futures inching into the green after spending the first half of session in the red. Source: SeekingAlpha.com Economic Calendar 9:45 PMI … Continue reading
Markets Source: SeekingAlpha.com Economic Calendar 8:30 Initial Jobless Claims10:00 Existing Home Sales10:00 Leading Indicators10:30 EIA Natural Gas Inventory https://www.investing.com/economic-calendar/ ***New: PTG Trading Room Chat Log’s Link S&P 500 Prior Session was Cycle Day 1 (CD1): Price action was increasingly choppy as stimulus “jabber-wockie” talks influenced trading throughout the … Continue reading
Markets U.S. stock index futures are hugging the flatline with traders in wait-and-see mode as coronavirus aid negotiations continue to drag along. Source: SeekingAlpha.com Economic Calendar 10:30 EIA Petroleum Inventories https://www.investing.com/economic-calendar/ ***New: PTG Trading Room Chat Log’s Link S&P 500 ***Written 8 pm … Continue reading
Markets U.S. stock index futures climbed around 0.8% overnight Source: SeekingAlpha.com Economic Calendar 8:30 Housing Starts and Permits8:55 Redbook Chain Store Sales https://www.investing.com/economic-calendar/ ***New: PTG Trading Room Chat Log’s Link S&P 500 Prior Session was Cycle Day 2 (CD2): Failed rally attempt resulted in aggressive selling, driving price … Continue reading
Markets U.S. stock index futures start the week with an advance of .05%. Source: SeekingAlpha.com Economic Calendar 8:00 Powell: “Cross-Border Payments and Digital Currencies”10:00 NAHB Housing Market Index11:45 Fed’s Clarida: U.S. Economic Outlook and Monetary Policy https://www.investing.com/economic-calendar/ ***New: PTG Trading Room Chat Log’s Link S&P 500 … Continue reading
Markets Source: Seeking Alpha https://seekingalpha.com/ Source: https://www.investing.com/indices/indices-cfds Economic Calendar 8:30 Retail Sales9:15 Industrial Production10:00 Business Inventories10:00 Consumer Sentiment1:00 PM Baker-Hughes Rig Count Source: https://www.investing.com/economic-calendar/ S&P 500 (ES) Prior Session was Cycle Day 3 (CD3): Early price weakness reversed from 10 day support (3435), and rallied back three-fourths of previous … Continue reading
Markets Second wave fears Concerns over economic fallout from resurging coronavirus infections, as well as dwindling hopes for U.S. fiscal stimulus, weighed on stocks around the globe overnight Source: SeekingAlpha.com Economic Calendar 8:30 Initial Jobless Claims8:30 Philly Fed Business Outlook8:30 Empire State Mfg Survey8:30 Import/Export … Continue reading