Markets (Top Stories) Debt talks appear to be nearing the end amid reports that a potential deal would raise the U.S. government’s $31.4T debt ceiling and limit spending on most items for two years. A deal is expected to be hammered out by … Continue reading
Markets (Top Stories) Pause in June? Almost all Federal Reserve officials at the FOMC’s May 2-3 meeting said downside risks to growth and upside risks to unemployment had increased due to banking stresses, according to the minutes published from the gathering. Participants … 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 2 (CD2): Markets were once again held hostage to the news flow out … Continue reading
Markets (Top Stories) Source: http://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 new cycle low at 4186 handle. Prior range was 35 handles on 1.256M contracts exchanged. …Transition from Cycle Day … 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): Markets finished this positive cycle with a consolidation session to end the breakout week. Prior range was 35 handles on 1.612M contracts exchanged. …Transition from … 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): Continuation of this cycle’s breakout unfolded exceeding the Secondary Target Zone (4195-4205) outlined in previous DTS Briefings, closing on highs of the day (4215). Prior … Continue reading
Markets (Top Stories) Source: http://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 new cycle low at 4122, successfully retesting lower quartile support. At which time this cycle’s rally began, finally clearing … Continue reading
Markets (Top Stories) Source: Investing.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): Markets continued their balancing “logjam” trading mid-zone for majority of the session, until … 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 CD2 as price probed the lower quartile (4125) / Gamma Vol Trigger / TargetMaster and found strong responsive buyers. Prior range was 33 handles … Continue reading
Markets (Top Stories) Source: http://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 new cycle low at 4111.75 (CD1 projected Average Decline measured 4113.50 per DTS 0512.23). Prior range was 52 handles … Continue reading