Markets (Top Stories) Futures Expiration & Contract Roll https://www.cmegroup.com/education/courses/introduction-to-futures/understanding-futures-expiration-contract-roll.html Source: seekingalpha.com Economic Calendar https://www.investing.com/economic-calendar/ S&P 500 Prior Session was Cycle Day 3 (CD3): Positive 3-Day Cycle Statistic was fulfilled as price rallied early in session, then consolidated gains, closing with a stable … Continue reading
Markets (Top Stories) Run, bull, run It’s official! The S&P 500’s (SP500) longest bear market since the 1940s has come to an end. The benchmark index closed up 0.6% to 4,294 on Thursday, vaulting it back into bull territory with a 20% advance from its … Continue reading
Markets (Top Stories) Smoke alarm Smoke from hundreds of wildfires blazing across the now Great Orange North is blanketing the eastern United States with harmful air, as high winds take the plumes over the border. At the current pace, government … Continue reading
Markets (Top Stories) Source: SeekingAlpha.com Economic Calendar 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 Day 3 (CD3): Positive 3-Day Cycle as bulls continue to dominate the trading landscape … Continue reading
Markets (Top Stories) Source: SeekingAlpha.com Economic Calendar No events scheduled https://www.investing.com/economic-calendar/ S&P 500 Prior Session was Cycle Day 2 (CD2): Price extended this cycle’s rally fulfilling 4299 objective before pulling back and consolidating the remainder of the session, producing a CD2 normal. … Continue reading
Markets (Top Stories) Source: SeekingAlpha.com Economic Calendar 9:45 PMI Composite Final 10:00 Factory Orders 10:00 ISM Service Index 12:30 PM Investor Movement Index https://www.investing.com/economic-calendar/ S&P 500 Prior Session was Cycle Day 1 (CD1): Shallow decline for this Cycle Day established a new low at 4229. Bulls … Continue reading
Markets (Top Stories) Jobs Day The strength of the labor market has, for the most part, been surprising to the upside since the economy rebounded from the pandemic shock in March-April 2020. While that may be good news for workers, it’s not … Continue reading
Markets (Top Stories) Deep learning What goes up must come down… unless you have diamond hands. Some cracks are beginning to appear in the recent AI stock rally, with C3.ai (AI) plunging 22% AH on Wednesday after giving a disappointing outlook during its FQ4 results. Snapshot: Other AI … 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 1 (CD1): Normal CD1 unfolded for this Cycle Day establishing new low at 4200. Overall markets … Continue reading
Markets (Top Stories) Source: seekingalpha.com Economic Calendar https://www.investing.com/economic-calendar/ S&P 500 Prior Session was Cycle Day 3 (CD3): Shortened holiday trade for this Cycle day as traders held bid following Debt Limit agreement in DC. Positive 3-Day Cycle Statistic has also been fulfilled. … Continue reading