Trade Strategy 8.25.20

Markets S&P 500 futures climbed 0.5% overnight after another record-setting session on Wall Street that saw the benchmark close above 3,400 for the first time. Source: SeekingAlpha.com Economic Calendar 8:55 Redbook Chain Store Sales9:00 S&P Corelogic Case-Shiller Home Price Index9:00 FHFA House Price Index10:00 Consumer Confidence10:00 New Home … Continue reading

Trade Strategy 8.24.20

Markets S&P futures rise 0.7%, Nasdaq futures +0.9%, and the Dow pushes 0.8% higher. 10-year Treasury slips, pushing yield up almost 1 basis point to 0.64%. In Europe, the Stoxx Europe 600 Index rises 1.7%, U.K.’s FTSE 100 Index adds 1.6%, Germany’s DAX gains 2.1% and France’s CAC climbs 2.2%. In … Continue reading

Trade Strategy 8.20.20

Markets Global markets along with US futures for the Dow Jones, S&P 500, NASDAQ and Russell 2000 were a sea of red on Thursday, after the Federal Reserve, on Wednesday, lowered expectations for economic growth over the rest of the year. Treasuries advanced, the dollar’s rebound stalled—though at … Continue reading

Trade Strategy 8.19.20

Markets S&P 500 To Take Aim At New Record The index had a modest gain yesterday that pushed it to a new record. Futures are up 0.17% today aiming to hit a new record.  Source: Seeking Alpha https://seekingalpha.com/ Source: https://www.investing.com/indices/indices-cfds Economic Calendar 10:00 Quarterly Services … Continue reading

Trade Strategy 8.17.20

Markets Source: SeekingAlpha.com Economic Calendar 8:30 Empire State Mfg Survey10:00 NAHB Housing Market Index 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 put in late session low at 3356. Range was 30.50 … Continue reading

Trade Strategy 8.14.20

Markets Record remains elusive It doesn’t look like the S&P 500 is going to achieve a fresh record closing high this week as futures contracts tied to the benchmark slipped 0.4% in overnight action. Source: Seeking Alpha https://seekingalpha.com/ Source: https://www.investing.com/indices/indices-cfds Economic Calendar 8:30 Retail Sales8:30 Productivity … Continue reading

Trade Strategy 8.13.20

Markets U.S. stock index futures inched between gains and losses overnight following a steady August rally that pushed the S&P 500 to the cusp of fresh record high on Wednesday. Source: SeekingAlpha.com Economic Calendar 8:30 Initial Jobless Claims8:30 Import/Export Prices10:30 EIA Natural Gas Inventory … Continue reading