Trade Strategy 4.17.23

Markets (Top Stories) Source: SeekingAlpha.com Economic Calendar 8:30 Empire State Mfg Survey 10:00 NAHB Housing Market Index 12:00 Fed’s Barkin Speech 4:00 PM Treasury International Capital https://www.investing.com/economic-calendar/ S&P 500 Prior Session was Cycle Day 2 (CD2): Early strength which fulfilled 3-Day Cycle Target (4186) faded quickly … Continue reading

Trade Strategy 4.14.23

Markets (Top Stories) Economic Calendar 8:30 Retail Sales 8:30 Import/Export Prices 8:45 Fed’s Waller Speech 9:15 Industrial Production 10:00 Business Inventories 10:00 Consumer Sentiment 1:00 PM Baker-Hughes Rig Count https://www.investing.com/economic-calendar/ S&P 500 Prior Session was Cycle Day 1 (CD1): Price established an early low, and when this occurs, … Continue reading

Trade Strategy 4.13.23

Markets (Top Stories) Economic Calendar 8:30 Initial Jobless Claims 8:30 Producer Price Index 10:30 EIA Natural Gas Inventory 4:30 PM Fed Balance Sheet https://www.investing.com/economic-calendar/ S&P 500 Prior Session was Cycle Day 3 (CD3): Positive 3-Day Cycle  was fulfilled as an Outside Reversal Day unfolded in … Continue reading

Trade Strategy 4.12.23

Markets (Top Stories) The closely-watched Consumer Price Index is seen easing further in March, but not nearly enough to meet the Federal Reserve’s price stability mandate. The inflation data due later today will offer a signal as to whether the Fed … Continue reading

Trade Strategy 4.11.23

Markets (Top Stories) Economic Calendar 1:00 PM Results of $40B, 3-Year Note Auction https://www.investing.com/economic-calendar/ S&P 500 Prior Session was Cycle Day 1 (CD1): Cycle Low was established at 4098.75 early in the session and as such, rally began closing nears highs of … Continue reading

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