Markets Source: SeekingAlpha.com Economic Calendar 10:00 New Home Sales 1:00 PM Baker-Hughes Rig Count https://www.investing.com/economic-calendar/ ***New: PTG Trading Room Chat Log’s Link S&P 500 Prior Session was Cycle Day 3 (CD3): Price pushed higher post-Fed during morning session, but could not hold bid for long, … Continue reading
Markets As expected from its decision yesterday, members pulled forward rate-hike expectations on the dot plot. And Fed chief Jay Powell telegraphed a tapering announcement at the next meeting in November. Tapering is expected to end around mid-2022 and liftoff could occur after … Continue reading
Markets Source: SeekingAlpha.com Economic Calendar 10:00 Existing Home Sales 11:30 Results of $26B, 2-Year FRN Auction The Federal Reserve takes center stage, but the decision could well be a dud for a market that’s been hyping up big macro events lately. While … Continue reading
Markets The dip-buyers who stepped in during the last hour of Wall Street trading yesterday are back again today, pushing stocks higher around the world. S&P futures (SPX), Nasdaq 100 futures (NDX:IND) and Dow Jones futures (INDU) are all up about 1%. Source: SeekingAlpha.com Economic Calendar … Continue reading
Markets Source: SeekingAlpha.com Economic Calendar 10:00 NAHB Housing Market Index https://www.investing.com/economic-calendar/ ***New: PTG Trading Room Chat Log’s Link S&P 500 Friday’s Session was Cycle Day 2 (CD2): Sellers dominated this day with “risk-off” anxiety ahead of this week’s FED Meeting. Range was 56.25 … Continue reading
Markets Economic Calendar 10:00 Consumer Sentiment 1:00 PM Baker-Hughes Rig Count ***New: PTG Trading Room Chat Log’s Link S&P 500 Prior session was Cycle Day 1 (CD1): Textbook CD1 unfolded, as price fulfilled Average Decline (4446) rallying back to 4475 target, in what we … Continue reading
Markets Source: SeekingAlpha.com Economic Calendar 8:30 Initial Jobless Claims 8:30 Philly Fed Business Outlook 8:30 Retail Sales 10:00 Business Inventories 10:30 EIA Natural Gas Inventory 4:00 PM Treasury International Capital 4:30 PM Fed Balance Sheet https://www.investing.com/economic-calendar/ ***New: PTG Trading Room Chat Log’s Link S&P 500 Prior Session was Cycle Day … Continue reading
Markets Source: SeekingAlpha.com Economic Calendar 8:30 Empire State Mfg Survey 8:30 Import/Export Prices 9:15 Industrial Production https://www.investing.com/economic-calendar/ ***New: PTG Trading Room Chat Log’s Link 10:30 EIA Petroleum Inventories S&P 500 ***Written 8 pm Tuesday evening for Wednesday’s trading for contribution to MrTopStep’s “The Opening Print” publication. Tuesday’s Session was Cycle … Continue reading
Markets Economic Calendar 8:30 Consumer Price Index 8:55 Redbook Chain Store Sales ***New: PTG Trading Room Chat Log’s Link S&P 500 Prior session was Cycle Day 1 (CD1): Textbook CD1 unfolded, as price continued its decline down to Violation Levels. Range was 49 handles … Continue reading
Markets Source: SeekingAlpha.com Economic Calendar 2:00 PM Treasury Statement https://www.investing.com/economic-calendar/ ***New: PTG Trading Room Chat Log’s Link S&P 500 Prior Session was Cycle Day 3 (CD3): Sellers dominated this past week’s trade, capped with $4.2 Billion Market on Close Sell Imbalance. Price fulfilled … Continue reading