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
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