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Category Archives: PTG Daily Trade Strategy
Markets Eyes on a rare payrolls day The tech stock rally looks to keep going with Nasdaq futures solidly higher at the open, but the broader market is more cautions, with S&P futures up slightly and an unusual jobs report … Continue reading
Markets Source: SeekingAlpha.com Economic Calendar 8:15 ADP Jobs Report 9:45 Chicago PMI 10:00 Pending Home Sales 10:00 State Street Investor Confidence Index 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 … Continue reading
Markets Yields take hold of stocks again The broader market is pointing to a slightly higher open on Wall Street, but Treasury yields are pressuring tech shares again. The S&P (SPX, SPY) and Dow (INDU, DIA) futures are up, but the Nasdaq … Continue reading
Markets Financials weigh on futures The drop in bank stocks is weighing on stock index futures, which point to a lower open on Wall Street. Source: SeekingAlpha.com Economic Calendar 10:30 Dallas Fed Manufacturing Survey 11:00 Fed’s Waller Speech https://www.investing.com/economic-calendar/ ***New: PTG Trading Room Chat … Continue reading
Markets Proceed with caution Equities notched a green session on Thursday, while stock index futures rose by another 0.3% overnight, though caution still reigns high in the current trading environment. If bond yields are still part of the equation, the rate on … Continue reading
Markets What’s going on with the stock market? Something strange is happening in the equity market. Many have recently pointed to a Treasury yield hostage situation, where stocks have largely moved in response to their fixed-income counterparts. When bond yields … Continue reading
Markets Asian markets tumbled again overnight, while stocks in Europe dipped into the red, though things are looking more positive in the U.S. after a late selloff on Tuesday. Nasdaq futures are up by 1%, while contacts linked to the S&P … Continue reading
Markets Source: SeekingAlpha.com Economic Calendar 8:30 Current Account 8:55 Redbook Chain Store Sales 10:00 New Home Sales 10:00 Richmond Fed Mfg. 10:10 Fed’s Bostic Speech 11:00 Fed’s Barkin Speech 12:00 PM Powell’s Testimony On Coronavirus Aid, Relief, and Economic Security Act 1:00 PM Results of $46B, 2-Year Note Auction … Continue reading
Markets The bond connection The relationship between stocks and bond yields couldn’t be stronger, with the two joined at the hip for the last several weeks. Overnight, the yield on the 10-year Treasury note slipped 5 bps to 1.68%, prompting … Continue reading