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
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 successful test of lower range quartile. Prior range was 47 handles on 1.425M contracts exchanged. …Transition from Cycle … 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): CPI Print created a “range runner” session as price tagged and reversed from our upper and lower targets outlined in DTS Briefing 5.10.23. Trading Room … Continue reading
Markets (Top Stories) Inflation update April’s consumer price index, to be released at 8:30 AM ET, will give economists and policymakers fresh data on whether the Fed is succeeding in bringing down the rate of inflation toward its 2% goal. By … Continue reading
Markets (Top Stories) The bull bellows The Nasdaq Composite (COMP.IND) has officially exited a bear market as investors continue to pile back into tech stocks that have been shunned for much of the past year. A slight gain of 0.2% on Monday … Continue reading
Markets (Top Stories) The April CPI report due out on May 10 is the headliner event of the week with economists forecasting a 0.3% month-over-month increase in inflation for the month and 5.5% year-over-year gain. Following up the CPI print, … Continue reading