Markets 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): Another Wide “Range Runner” Session as upper Cycle Range Targets were fulfilled before price dove … Continue reading
Markets Economic Calendar ***New: PTG Trading Room Chat Log’s Link S&P 500 Prior Session was Cycle Day 2 (CD2): Bullish momentum remained intact for this cycle day as price fulfilled 3 Day Cycle Objective (3817) as well as extension Penetration Levels. Range … Continue reading
Markets Source: SeekingAlpha.com Economic Calendar https://www.investing.com/economic-calendar/ ***New: PTG Trading Room Chat Log’s Link S&P 500 Prior Session was Cycle Day 1 (CD1): Normal CD1 as price declined, establishing a new cycle low at 3711 during a “range-runner” session. Prior range was 94 handles … Continue reading
Markets Jobs day By the numbers: Nonfarm payrolls are expected to increase about 200K in October, down from the 263K jobs added in September, but still a strong level of growth. The unemployment rate is forecast to tick up to 3.6% … Continue reading
Markets No pivot yet Investors need some time off after a topsy-turvy year, but things may not be better at the local amusement park. Fed Chair Jay Powell took the market on another rollercoaster on Wednesday, with a series of … Continue reading
Markets The next chapter Another jumbo rate hike from the Fed is on tap this afternoon, with the central bank likely to announce its fourth 75 basis point move of the year. The hikes have so far added 3 percentage … Continue reading
Markets Source: SeekingAlpha.com Economic Calendar https://www.investing.com/economic-calendar/ ***New: PTG Trading Room Chat Log’s Link S&P 500 Prior Session was Cycle Day 3 (CD3): Positive 3-Day Cycle Statistic was fulfilled as price rolled back and consolidated recent gains in a “balancing-day.” Prior range was 42 … Continue reading
Markets Economic Calendar ***New: PTG Trading Room Chat Log’s Link S&P 500 Prior Session was Cycle Day 2 (CD2): Markets continued their trek higher, fulfilling and surpassing this cycle’s objectives. Range was 147 handles on 1.987M contracts exchanged. …Transition from Cycle Day … Continue reading
Markets Topping 7% Rising Treasury yields and an aggressive Federal Reserve has sent mortgage rates soaring this year, with things doubling over the course of 2022. In fact, the 30-year fixed-rate mortgage averaged 7.08% with an average 0.8 point for … Continue reading
Markets GDP update Following two consecutive quarters of negative growth, and a technical recession, the U.S. Commerce Department today will report GDP figures that will provide the latest snapshot of the American economy. Forecasters expect the nation to grow again … Continue reading