Markets Brace for volatility: Stock futures are starting the week in the green ahead of the FOMC meeting on Wednesday, which will include updated interest rate and economic projections. While contracts linked to the major averages are up 1% premarket, all three of … 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 3916. Prior range was 61 handles on 1.481M contracts exchanged. … 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 3 (CD3): Price was unable to recover CD1 Low; As such, a “failed” 3-Day Cycle is logged. Prior range was 47 handles on … Continue reading
Markets Source: SeekingAlpha.com Economic Calendar 8:30 Productivity and Costs 10:30 EIA Petroleum Inventories 3:00 PM Consumer Credit 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): Risk-Off selling continued unchallenged during this … Continue reading
Markets Source: SeekingAlpha.com Economic Calendar 8:30 Goods and Services Trade 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 3987.25. Prior range was 88 handles … Continue reading
Markets Source: SeekingAlpha.com Economic Calendar 9:45 PMI Composite Final 10:00 Factory Orders 10:00 ISM Service Index https://www.investing.com/economic-calendar/ ***New: PTG Trading Room Chat Log’s Link S&P 500 Prior Session was Cycle Day 3 (CD3): This session was not only a “wild-card”, it was a “wild” session as … Continue reading
Markets State of the labor market The release of November’s non-farms payroll report at 8:30 a.m. ET is expected to show that jobs growth is continuing to slow as the Feds aggressive rate hike path starts to rein in consumer … Continue reading
Markets Bear no longer Volatility predicted, and volatility there was. A speech from Fed Chair Jay Powell on Wednesday sent markets flying amid signals that the central bank could begin slowing its aggressive interest rate increases. When the dust settled … Continue reading
Markets Source: SeekingAlpha.com Economic Calendar 8:15 ADP Jobs Report 8:30 GDP Q3 8:30 International Trade in Goods (Advance) 8:30 Retail Inventories (Advance) 8:30 Wholesale Inventories (Advance) 8:50 Fed’s Bowman: “The Future of Small Banks” 9:45 Chicago PMI 10:00 Job Openings and Labor Turnover Survey 10:00 Pending Home Sales 10:00 State Street … Continue reading
Markets Economic Calendar ***New: PTG Average Daily Range Calculator S&P 500 Prior Session was Cycle Day 2 (CD2): Continuation of this cycle’s decline extended down fulfilling lower CD2 Violation Zone. Range was 64 handles on 1.423M contracts exchanged. …Transition from Cycle Day … Continue reading