Trade Strategy 10.18.23

Markets (Top Stories) Yields Surge Treasuries sold off sharply early Tuesday after Sept. retail sales figures came in much stronger than expected, while Wall Street’s major averages ended near the flatline. The 10-year Treasury yield (US10Y) jumped to as high as 4.84% on … Continue reading

Trade Strategy 10.17.23

Markets (Top Stories) Source: SeekingAlpha.com Economic Calendar https://www.investing.com/economic-calendar/ S&P 500 Prior Session was Cycle Day 1 (CD1):  Normal CD1 as price established a new cycle low at 4354 early in session at which time rally began, fulfilling upside 4412 objective. Prior range … Continue reading

Trade Strategy 10.16.23

Markets (Top Stories) Source: SeekingAlpha.com Economic Calendar https://www.investing.com/economic-calendar/ S&P 500 Prior Session was Cycle Day 3 (CD3):  Positive Three-Day Cycle was fulfilled as price trended lower throughout the session, settling near lows of the day. Prior range was 67 handles on 2.093M … Continue reading

Trade Strategy 10.13.23

Markets (Top Stories) Three big Wall Street banks are reporting Q3 earnings today, giving investors a window into how the sector is dealing with elevated interest rates and muted capital markets activity. JPMorgan Chase (JPM) and Wells Fargo (WFC) were the first to report, with … Continue reading

Trade Strategy 10.10.23

Markets (Top Stories) Source: SeekingAlpha.com Economic Calendar https://www.investing.com/economic-calendar/ S&P 500 Prior Session was Cycle Day 2 (CD2): Morning consolidation lead to an Afternoon rally exceeding last week’s high and fulfilling 4371 TargetMaster Level. Prior range was 76 handles on 1.422M contracts exchanged.  … Continue reading

Trade Strategy 10.9.23

Markets (Top Stories) Crude oil and gold futures bumped higher in response to the Hamas attack on Israel, which caused over 700 Israeli deaths so far and the abduction of several Israeli citizens and soldiers. More than 400 Palestinians have been killed in retaliatory Israeli … Continue reading

Trade Strategy 10.5.23

Markets (Top Stories) The recent bond selloff is threatening hopes for a soft landing for the U.S. economy, as traders prepare for borrowing costs to remain higher for longer, while fears over the widening federal deficit continue to mount. Bonds that … Continue reading