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 4531. Prior range was 29 handles on 1.315M contracts exchanged. …Transition from Cycle Day … Continue reading
Markets (Top Stories) Banks will kick off the Q2 earnings season today, leading off with JPMorgan Chase (JPM), Citigroup (C), and Wells Fargo (WFC). For the most part, analyst earnings revisions don’t paint a pretty picture. Only one of the Big … 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): Price gapped higher on positive response to softer CPI Print as been expected by widely known “bobble-heads”. Prior range was 53 handles on 1.691M contracts … 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): Shallow decline established a low at 4439 during overnight trade. Price consolidated throughout most … Continue reading
Markets (Top Stories) Source: seekingalpha.com Economic Calendar 1:00 PM Results of $40B, 3-Year Note Auction https://www.investing.com/economic-calendar/ S&P 500 Prior Session was Cycle Day 3 (CD3): Positive Three-Day Cycle as price traded securely above CD1 Low (4419.50) throughout the session as a neutral balance … Continue reading
Markets (Top Stories) Source: SeekingAlpha.com Economic Calendar 10:00 Fed’s Barr: “Bank Capital” 10:00 Wholesale Inventories (Preliminary) 11:00 Fed’s Daly Speech 12:30 PM Investor Movement Index 3:00 PM Consumer Credit https://www.investing.com/economic-calendar/ S&P 500 Prior Session was Cycle Day 2 (CD2): Normal CD2 unfolded as early consolidation lead to … Continue reading
Markets (Top Stories) Making sense of it all All eyes will be on the Labor Department’s nonfarm payrolls report this morning as the Labor Department publishes the figure at 8:30 AM ET. Economists expect the U.S. economy to have added … Continue reading
Markets (Top Stories) Source: seekingalpha.com Economic Calendar 8:30 Initial Jobless Claims 8:30 International Trade in Goods and Services 8:45 Fed’s Logan: “Policy Challenges for Central Banks” 9:45 PMI Composite Final 10:00 ISM Service Index 10:00 Job Openings and Labor Turnover Survey 11:00 EIA Petroleum Inventories 4:30 PM Fed Balance … Continue reading
Markets (Top Stories) Source: SeekingAlpha.com Economic Calendar 7:00 MBA Mortgage Applications 10:00 Factory Orders 2:00 PM FOMC Minutes https://www.investing.com/economic-calendar/ S&P 500 Prior Session was Cycle Day 2 (CD2): Quiet holiday trading with shortened session Monday and Tuesday (closed). Prior range (Friday) was 65 handles on … 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 tested and held key LIS (4420), consolidated throughout the session and closed near high of the day. Textbook Cycle Day 2. … Continue reading