Markets (Top Stories) 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 2 (CD2): Post holiday CD2 “normal” as balancing consolidation was the name of the game for … Continue reading
Markets (Top Stories) Source: SeekingAlpha.com Economic Calendar https://www.investing.com/economic-calendar/ S&P 500 Prior Session was Cycle Day 1 (CD1): Relatively shallow decline establishing a new cycle low at 4515 as Cash Market were closed for holiday. Prior range (Friday) was 40 handles on 1.354M … Continue reading
Markets (Top Stories) The U.S. economy is expected to add fewer jobs in August vs. July, but still stay in the sweet spot seen for a soft landing. Economists are expecting to see a print of 170K at 8:30 AM ET, down … Continue reading
Markets (Top Stories) Source: SeekingAlpha.com Economic Calendar https://www.investing.com/economic-calendar/ S&P 500 Prior Session was Cycle Day 1 (CD1): Relatively shallow decline establishing a new cycle low at 4500 handle. Majority of the session held a dominant bid, consolidating the recent breakout. Prior range … Continue reading
Markets (Top Stories) 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): We’ll refer to today’s Cycle Day 3 action as “Jack-the-Ripper” as price “ripped” higher … Continue reading
Markets (Top Stories) Source: SeekingAlpha.com Economic Calendar https://www.investing.com/economic-calendar/ S&P 500 Prior Session was Cycle Day 2 (CD2): Normal Cycle Day 2 as price initially rallied, fulfilling our upside TZ (4435 – 4440), then rotated lower, successfully testing our Line-In-Sand (4425) multiple times, … Continue reading
Markets (Top Stories) Source: SeekingAlpha.com Economic Calendar https://www.investing.com/economic-calendar/ S&P 500 Prior Session was Cycle Day 1 (CD1): Normal CD1 as price declined, establishing a new cycle low at 4365.25 during the morning session. Price rallied during the afternoon session, settling near highs … Continue reading
Markets (Top Stories) Here are two things that could affect markets tomorrow: 1. Powell speech The Fed’s Powell is expected to address the officials gathered in Jackson Hole at 10:05 ET (14:05 GMT). 2. Consumer sentiment The University of Michigan’s latest consumer sentiment reading … Continue reading
Markets (Top Stories) Source: SeekingAlpha.com Economic Calendar https://www.investing.com/economic-calendar/ S&P 500 Prior Session was Cycle Day 2 (CD2): Market propelled higher easily achieving cycle targets, driven by the tech sector and anticipation of Nvidia’s earning release, which did not disappoint. Prior range was … Continue reading