Economy Today’s economic calendar: 10:00 Reuters/UofM Consumer Sentiment China’s $8.8T stock market has plunged from first to worst on global performance rankings as leveraged speculators unwind their positions and a growing number of analysts warn that valuations have climbed too … Continue reading
Economy Following fruitless all-night talks, Greece and its creditors resumed debt discussions in Brussels this morning, aimed at preventing the country from defaulting on its loans and exiting the eurozone. Reports earlier suggested that Athens had until 5 a.m. ET … Continue reading
Economy Most analysts agree the U.S. economy is rebounding from a weak first quarter, and today’s final GDP will likely offer more evidence that forecast is turning into reality. First-quarter GDP, reported at 8:30 a.m. ET, is expected to have … Continue reading
S&P e-mini rallied in Monday’s session reaching measured target of 2121.00 before stalling and consolidating the day’s gains. Market on Close sell imbalance was easily absorbed as shorts were pressed to cover lower sales. Today is Cycle Day 2 (CD2)…Two-thirds … Continue reading
Economy There are positive-minded people that say “Hope Springs Eternal”…Others say: “Hope is Not a Strategy”. Regardless of what viewpoint you may closely align to, stocks and bonds surged around the world on news of Greece’s last-ditch package of proposals, … Continue reading
Thursday was textbook Cycle Day 2 as price “back n filled” as expected along with high odds (83%) of rally as laid out in prior Daily Trade Strategy 06.18.15. The rally reached the maximum average penetration level of 2119 as … Continue reading
ECONOMY Federal Reserve cut its outlook for interest rates and warned of spillover if Greece talks fail. At yesterday’s meeting, the Fed suggested it might raise rates only once in 2015 by a quarter percentage point, rather than twice as … Continue reading
Economy Although the Federal Reserve appears to be getting closer to raising interest rates, it isn’t likely to get there today when officials conclude a two-day policy meeting. Investors will still have plenty to watch, including a policy statement and … Continue reading
Gap lower in Monday’s Session lead to a test of 6/9 low zone between 2058 – 2062…Sharp bounce stalled hard at the 2078 handle, which we will mark as “key resistance”. Overnight night trade showing continued price weakness retesting prior … Continue reading
Economy Traders were greeted with a sea of red on Monday after debt discussions between Greece and its European creditors collapsed, pushing Athens closer to a debt default that threatens its future in the eurozone. With both sides refusing to … Continue reading