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 3-Day Cycle Statistic was fulfilled as price rallied on the heels of the FED’s statement. Prior range was 56 handles on 1.714M contracts exchanged. … Continue reading
Category Archives: PTG Daily Trade Strategy
Markets (Top Stories) Source: SeekingAlpha.com Economic Calendar https://www.investing.com/economic-calendar/ S&P 500 ***Written Tuesday evening for Wednesday’s trading for contribution to MrTopStep’s “The Opening Print” publication. Prior Session was Cycle Day 2 (CD2): Markets continued to rally on the heels of a positive CPI print, fulfilling 3 … Continue reading
Markets (Top Stories) By the numbers: The headline CPI is expected to slow to a 0.2% M/M increase in May from its 0.4% advance the previous month. The progress looks even better on a Y/Y basis, with CPI growth expected to … Continue reading
Markets (Top Stories) Futures Expiration & Contract Roll https://www.cmegroup.com/education/courses/introduction-to-futures/understanding-futures-expiration-contract-roll.html Source: seekingalpha.com Economic Calendar https://www.investing.com/economic-calendar/ S&P 500 Prior Session was Cycle Day 3 (CD3): Positive 3-Day Cycle Statistic was fulfilled as price rallied early in session, then consolidated gains, closing with a stable … Continue reading
Markets (Top Stories) Run, bull, run It’s official! The S&P 500’s (SP500) longest bear market since the 1940s has come to an end. The benchmark index closed up 0.6% to 4,294 on Thursday, vaulting it back into bull territory with a 20% advance from its … Continue reading
Markets (Top Stories) Smoke alarm Smoke from hundreds of wildfires blazing across the now Great Orange North is blanketing the eastern United States with harmful air, as high winds take the plumes over the border. At the current pace, government … Continue reading
Markets (Top Stories) Source: SeekingAlpha.com Economic Calendar https://www.investing.com/economic-calendar/ 10:30 EIA Petroleum Inventories S&P 500 ***Written Tuesday evening for Wednesday’s trading for contribution to MrTopStep’s “The Opening Print” publication. Prior Session was Cycle Day 3 (CD3): Positive 3-Day Cycle as bulls continue to dominate the trading landscape … Continue reading
Markets (Top Stories) Source: SeekingAlpha.com Economic Calendar No events scheduled https://www.investing.com/economic-calendar/ S&P 500 Prior Session was Cycle Day 2 (CD2): Price extended this cycle’s rally fulfilling 4299 objective before pulling back and consolidating the remainder of the session, producing a CD2 normal. … Continue reading
Markets (Top Stories) Source: SeekingAlpha.com Economic Calendar 9:45 PMI Composite Final 10:00 Factory Orders 10:00 ISM Service Index 12:30 PM Investor Movement Index https://www.investing.com/economic-calendar/ S&P 500 Prior Session was Cycle Day 1 (CD1): Shallow decline for this Cycle Day established a new low at 4229. Bulls … Continue reading
Markets (Top Stories) Jobs Day The strength of the labor market has, for the most part, been surprising to the upside since the economy rebounded from the pandemic shock in March-April 2020. While that may be good news for workers, it’s not … Continue reading