Trade Strategy 2.16.23

Markets Economic Calendar 8:30 Housing Starts and Permits 8:30 Initial Jobless Claims 8:30 Philly Fed Business Outlook 8:30 Producer Price Index 8:45 Fed’s Mester Speech 10:30 EIA Natural Gas Inventory 1:30 PM Fed’s Bullard Speech https://www.investing.com/economic-calendar/ ***New: PTG Trading Room Chat Log’s Link S&P 500 Prior Session was Cycle … Continue reading

Trade Strategy 2.15.23

Markets Source: SeekingAlpha.com Economic Calendar 8:30 Retail Sales 8:30 Empire State Mfg Survey 9:15 Industrial Production 10:00 Business Inventories 10:00 NAHB Housing Market Index 10:00 Atlanta Fed’s Business Inflation Expectations 1:00 PM Results of $15B, 20-Year Bond Auction 4:00 PM Treasury International Capital https://www.investing.com/economic-calendar/   10:30 EIA Petroleum Inventories S&P … Continue reading

Trade Strategy 2.14.23

Markets Source: SeekingAlpha.com Economic Calendar https://www.investing.com/economic-calendar/ S&P 500 Prior Session was Cycle Day 1 (CD1): Normal for CD1 as price declined and established a new cycle low at 4078.75. Prior range was 72 handles on 1.318M contracts exchanged.   …Transition from Cycle Day … Continue reading

Trade Strategy 2.13.23

Markets Inflation romance Investors will try to get more clarity on market direction this week following the release of key inflation data on Valentine’s Day. While January consumer prices are forecast to climb 0.5% M/M for the first time in three … Continue reading

Trade Strategy 2.10.23

Markets Source: SeekingAlpha.com Economic Calendar 10:00 Consumer Sentiment 12:30 PM Fed’s Waller Speech 1:00 PM Baker-Hughes Rig Count https://www.investing.com/economic-calendar/ S&P 500 Prior Session was Cycle Day 2 (CD2): Early buying fell apart as lower range parameters were violated, triggering long liquidation selling, which drove price … Continue reading

Trade Strategy 2.9.23

Markets Source: SeekingAlpha.com Economic Calendar 8:30 Initial Jobless Claims 10:30 EIA Natural Gas Inventory 4:30 PM Fed Balance Sheet https://www.investing.com/economic-calendar/ S&P 500 Prior Session was Cycle Day 1 (CD1): Normal for CD1 as price declined and established a new cycle low at 4121.25. Prior range … Continue reading

Trade Strategy 2.8.23

Markets Fedspeak   Breaking a two-session losing streak, roller-coaster trading on Tuesday ended with stocks firmly in positive territory, as traders parsed the latest remarks from Fed Chair Jerome Powell. He repeated sentiments that were delivered as part of the FOMC’s … Continue reading

Trade Strategy 2.7.23

Markets Landing strip The jobs report threw a wrench into the accepted Fed path, reviving the debate over recession prospects and inflation stickiness. Opinion across Wall Street is divided. J.P. Morgan’s Marko Kolanovic argues that Goldilocks is all wet and an … Continue reading

Trade Strategy 2.6.23

Markets Source: SeekingAlpha.com Economic Calendar 12:30 PM Investor Movement Index https://www.investing.com/economic-calendar/ S&P 500 Prior Session was Cycle Day 1 (CD1): Normal for CD1 as price declined and established a new cycle low at 4132.50. Prior range was 61 handles on 2.259M contracts exchanged.  … Continue reading

Trade Strategy 2.3.23

Markets Wage watch The labor market is still “out of balance,” Fed Chair Jerome Powell said at a press conference earlier this week, putting today’s non-farm payrolls report high up on the watchlist. Economists expect the U.S. economy to have added 185K … Continue reading