Markets Source: SeekingAlpha.com Economic Calendar https://www.investing.com/economic-calendar/ U.S. crude inventories fell by 5.8 million barrels for the week ended Nov. 11. That compared with a build of 5.6M barrels reported by the API for the previous week. Economists were expecting a … Continue reading
Category Archives: PTG Daily Trade Strategy
Markets Source: SeekingAlpha.com Economic Calendar https://www.investing.com/economic-calendar/ ***New: PTG Trading Room Chat Log’s Link S&P 500 Prior Session was Cycle Day 1 (CD1): Normal CD1 as price declined, establishing a new cycle low at 3964 in more of a “balancing-day.” Prior range was 53 … Continue reading
Markets ‘Ways to go’ Denting some of the recent enthusiasm seen after last week’s CPI report, Federal Reserve Governor Christopher Waller called the 7.7% inflation print “enormous” and said it was “just one data point.” Markets surged following the figure showing that inflation … Continue reading
Markets Euphoria sweeps markets “Explosive,” “shock” and “relief” are some of the adjectives being used to describe the rally on Thursday as stocks recorded their best session since the early days of the pandemic in 2020. When all was said … Continue reading
Markets Inflation update With inflation being the Federal Reserve’s biggest worry, October’s Consumer Price Index has the potential to rattle markets again today. The headline number, released at 8:30 a.m. ET, is expected to increase 8% Y/Y, compared to 8.2% … Continue reading
Markets 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 3 (CD3): Another Wide “Range Runner” Session as upper Cycle Range Targets were fulfilled before price dove … Continue reading
Markets Economic Calendar ***New: PTG Trading Room Chat Log’s Link S&P 500 Prior Session was Cycle Day 2 (CD2): Bullish momentum remained intact for this cycle day as price fulfilled 3 Day Cycle Objective (3817) as well as extension Penetration Levels. Range … Continue reading
Markets Source: SeekingAlpha.com Economic Calendar https://www.investing.com/economic-calendar/ ***New: PTG Trading Room Chat Log’s Link S&P 500 Prior Session was Cycle Day 1 (CD1): Normal CD1 as price declined, establishing a new cycle low at 3711 during a “range-runner” session. Prior range was 94 handles … Continue reading
Markets Jobs day By the numbers: Nonfarm payrolls are expected to increase about 200K in October, down from the 263K jobs added in September, but still a strong level of growth. The unemployment rate is forecast to tick up to 3.6% … Continue reading
Markets No pivot yet Investors need some time off after a topsy-turvy year, but things may not be better at the local amusement park. Fed Chair Jay Powell took the market on another rollercoaster on Wednesday, with a series of … Continue reading