Markets What’s next? The end of a four-week winning streak is flustering some market participants as stock index futures remain in the red this morning (see movement below). While the S&P 500 has climbed 15% since its low at the beginning of … Continue reading
Markets Economic Calendar 10:00 E-Commerce Retail Sales 10:00 Quarterly Services Report 1:00 PM Baker-Hughes Rig Count ***New: PTG Trading Room Chat Log’s Link S&P 500 Prior Session was Cycle Day 2 (CD2): This day was a “normal” CD2 session as price consolidated within range parameters … Continue reading
Markets Economic Calendar 8:30 Initial Jobless Claims 8:30 Philly Fed Business Outlook 10:00 Existing Home Sales 10:00 Leading Indicators 10:30 EIA Natural Gas Inventory 1:20 PM Fed’s George Speech 1:45 PM Fed’s Kashkari Speech 4:30 PM Fed Balance Sheet https://www.investing.com/economic-calendar/ ***New: PTG Trading Room Chat Log’s Link S&P 500 … Continue reading
Markets 50 or 75? It’s hard to find a week where the Fed won’t steal the spotlight. Later today, the markets will get a more detailed view of what was discussed at the Federal Reserve’s July 26-27 meeting, when the … Continue reading
Markets Economic Calendar 8:30 Housing Starts and Permits 9:15 Industrial Production ***New: PTG Trading Room Chat Log’s Link S&P 500 Prior Session was Cycle Day 2 (CD2): As expected for CD2, bullish consolidation unfolded early, holding above Open Range High. Once P-High was cleared, … Continue reading
Markets Economic Calendar 8:30 Empire State Mfg Survey 10:00 NAHB Housing Market Index 10:50 Fed’s Waller Speech 4:00 PM Treasury International Capital https://www.investing.com/economic-calendar/ ***New: PTG Trading Room Chat Log’s Link S&P 500 Prior Session was Cycle Day 1 (CD1): Gap open left little doubt who was … Continue reading
Markets Source: SeekingAlpha.com Economic Calendar 8:30 Import/Export Prices 10:00 Consumer Sentiment 1:00 PM Baker-Hughes Rig Count https://www.investing.com/economic-calendar/ ***New: PTG Trading Room Chat Log’s Link S&P 500 Prior Session was Cycle Day 3 (CD3): Market’s early reversed lower once CD3 Penetration Level was fulfilled. as bulls could … Continue reading
Markets Markets celebrate Wall Street saw a stampede of buyers on Wednesday, as signs of cooling inflation sent the major averages soaring. The Dow Jones Industrial Average added more than 500 points, while the S&P 500 rose more than 2%, with all … Continue reading
Markets Inflation peak? Today’s Consumer Price Index will provide the first look of inflation data for July, with market participants eager to see if the number topped out last month. Economists expect the figure to rise 8.7% Y/Y, down from … Continue reading
Markets Source: SeekingAlpha.com Economic Calendar 8:30 Productivity and Costs 1:00 PM Results of $42B, 3-Year Note Auction https://www.investing.com/economic-calendar/ ***New: PTG Trading Room Chat Log’s Link S&P 500 Prior Session was Cycle Day 3 (CD3): Prices failed to sustain a bid above the CD2 high, ultimately … Continue reading