Markets (Top Stories) It’s a big test this week to see what holds the most sway on the markets. Is it the Fed or AI? The Federal Reserve’s June decisions arrives, along with its updated projections for the path of … Continue reading
Category Archives: PTG Daily Trade Strategy
Markets (Top Stories) Investors will be looking to May’s nonfarm payrolls report for more clarity on whether the Federal Reserve can ease up in its battle against inflation. Economists surveyed by Dow Jones expect the Bureau of Labor Statistics to … Continue reading
Markets Source: Seeking Alpha Economic Calendar S&P 500 Prior Session was Cycle Day 3: Monster 3 Day Cycle Rally hitting Statistical Range Extremes. To give some perspective on the strength of this Cycle: Price rallied 175.70% of the expected 3 Day … Continue reading
Markets (Top Stories) Source: investing.com Economic Calendar S&P 500 Prior Session was Cycle Day 2: Normal CD2 as price retreated, finding renewed buy response from within 5265 – 6270 zone outlined in prior DTS Briefing 6.4.24. MATD Rhythms were the dominant … Continue reading
Markets (Top Stories) Economic Calendar Source: Investing.com S&P 500 (ES) Prior Session was Cycle Day 1: Textbook CD1 as price declined to satisfy the 5253 – 5250 Average Decline Projected Target Zone, which had an 85% chance of fulfilling, as laid out … Continue reading
Markets Source: Seeking Alpha Economic Calendar S&P 500 Prior Session was Cycle Day 3: Month of May ended with a late afternoon Friday rally sending price to close near 5300 and top end of 5-day value zone. Range was 101 handles … Continue reading
Markets (Top Stories) Inflation will take the spotlight this morning as markets prepare for personal consumption expenditures price data before the bell. Expectations signal slow progress in the Fed’s inflation fight, with core PCE expected to have risen 2.8% in April, the … Continue reading
Markets (Top Stories) Economic Calendar Source: Investing.com S&P 500 (ES) Prior Session was Cycle Day 1: Textbook CD1 as price declined to satisfy 5272.50 Average Decline Projected Target which had an 85% chance of fulfilling as laid out in subscribers e-book … Continue reading
Markets Source: Seeking Alpha Economic Calendar S&P 500 Prior Session was Cycle Day 3: Price continued higher until it “skimmed” our 5340 target (GBX HOD 5339), as buyers during RTH could not hold bid above 5330. Once the LIS broke (5325), … Continue reading
Markets (Top Stories) Source: investing.com Economic Calendar S&P 500 Prior Session was Cycle Day 2: Cash Markets were closed in observance of Memorial Day while the Futures Markets were open for half-day. Bullish momentum remains in-place as price drifted higher, closing … Continue reading