Directional Bias For The Day: S&P Futures are lower; moving lower since 4:30 AM below a downtrend line on 30-minute chart Odds are for a down day; watch for break above 2921.25 Key economic data due: Core PCE Price Index (0.0% vs. 0.1% est.) at 8:30 AM Personal Spending (0.3% vs. 0.3%est.) at 8:30 AM Personal Income (0.3% vs. 0.4% est.) at 8:30…
Directional Bias For The Day: S&P Futures are higher; moving sideways since 4:00 PM within a range between 2915.75 and 2907.50 Odds are for a sideways to down day; watch for break above 2918.50 and break below 2813.25 for clarity Key economic data due: Core Durable Goods Orders (0.1% vs. 0.4%) at 8:30 AM Durable Goods Orders (4.5% vs. 1.9%)…
Directional Bias For The Day: S&P Futures are higher; moving sideways since 9:00 PM within a narrow range between 2928.50 and 2924.00 The wait or indecision is for FOMC rate decision, statement and conference Odds are for a sideways day; watch for break above 2934.50 and break below 2818.25 for clarity Key economic data due: FOMC Fed Funds Rate…
Directional Bias For The Day: S&P Futures are higher; moving to break above a resistance level created by the gap-down open on Sunday Odds are for a sideways to a down day; watch for break above 2933.50 for change of fortune Key economic data due: CB Conference Confidence est. 132.2) at 10:00 AM Markets Around The World Markets in…
Directional Bias For The Day: S&P Futures are lower; making an up-sloping flag on 15-minute chart Odds are for a down day; watch for break below 2930.25 for change of fortune No key economic data due: Markets Around The World Markets in the East closed lower – Shanghai, Tokyo and Seoul were closed European markets are higher Currencies: Up Down EUR/USD GBP/USD USD/JPY…
What To Expect at Next Week’s Fed Meeting This coming week the Federal Reserve is going to conduct the Federal Open Market Committee (FOMC) meeting, its sixth of the year, over a two-day period, followed by a press conference at 2:00 PM on Wednesday September 26th. This will be the third meeting of the year with a press-conference.…
Back in May 2015, the Securities and Exchange Commission (SEC) approved a two-year pilot program to test wider spreads on smaller stocks. The purpose of the program was to determine whether wider spreads will attract more market makers and make trading better for small stocks. Many national exchanges and the Financial Regulatory Authority (FINRA) had requested it.…
Directional Bias For The Day: S&P Futures are higher to little changed; declining since 4:00 AM high of 2945.50 Odds are for an up day; watch for break below 2934.25 for change of fortune No key economic data due: Markets Around The World Markets in the East closed mostly higher – Mumbai was down European markets are higher Currencies: Up Down Dollar…
Directional Bias For The Day: S&P Futures are higher; broke above a cup-with-handle pattern on 30-minutte charts at 7:00 AM Odds are for an up day; watch for break below 2916.25 for change of fortune Key economic data due: Philly Fed Manufacturing Index (22.9 vs. 17.5 est.) at 8:30 AM Markets Around The World Markets in the East closed mostly higher…
August Housing Starts Better Than Estimated The Housing Starts for August, at a seasonally adjusted annual rate, came at 1, 282,000 units, which is +9.2% above July’s revised rate of 1,174,00 units and better than what the market was expecting, which was 1.24 Million units. The single family units starts increased by +1.9% in August…
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