Archive for ‘economic data’

A look at the dollar index

By , 23 November, 2009, No Comment

The markets are always interesting, but they are particularly interesting right now.

Today we’re looking at the dollar index and some important elements that I see building in this market and want to bring to your attention. In this short video I outline the key areas to watch for and one important component that you may not have seen. I think this factor could, in fact, be a short term game changer for this market.

Have an in depth look at the current dollar situation

As always our MarketClub videos are free to watch and there is no need to register.

ES Emini Day Trading: Pivot-Fed Announcements-Commentary

By , 16 November, 2009, No Comment
ESZ9
For 11/16/2009
How To Use
Symbol R1 R2 Pivot S1 S2
ESZ9 1097.42 1103.33 1090.08 1084.17 1076.83

Fed and Agency Announcement

Retail Sales
[Report][Star]8:30 AM ET

Ben Bernanke Speaks
12:00 PM ET

We had some decent reports today and the market is off to the races.  Let’s see what Big Ben has to say later today. I have no doubt we will be treated to glowing reports and rosy prognostications.  Still, it just doesn’t feel good.

Daily Pivot and Fed and Fed Agency Announcements

By , 4 November, 2009, No Comment
ESZ9
For 11/04/2009
How To Use
Symbol R1 R2 Pivot S1 S2
ESZ9 1041.83 1042.42 1041.42 1040.83 1040.42
ISM Non-Mfg Index
[Report][Bullet10:00 AM ET

Daily Pivot and Fed Economic Data for Monday

By , 1 November, 2009, No Comment
ESZ9
For 11/02/2009
How To Use
Symbol R1 R2 Pivot S1 S2
ESZ9 1054.00 1075.00 1041.75 1020.75 1008.50

Federal Agency Announcements and Economic Data

ISM Mfg Index
[Report][Star]10:00 AM ET

Daniel Tarullo Speaks
10:30 AM ET

ISM Mfg Index Consensus

Market Consensus Before Announcement
The Institute for Supply Management’s manufacturing index was little changed in September at 52.6 from August’s 52.9. Importantly, it was still over 50, indicating that more purchasers are reporting expansion rather than contraction. The new orders softened a bit in September, but remained very positive and strong at 60.8—down from 64.9 in August. Prices paid continue to show upward pressure, coming in at 63.5 and down only marginally from 65.0 the prior month.

Construction Spending Consensus

Market Consensus Before Announcement
Construction spending rebounded 0.8 percent in August after declining 1.1 percent in July. The boost in spending in August was led by a 4.7 percent jump in private residential outlays. In contrast, private nonresidential slipped 0.1 percent and public outlays dropped 1.1 percent in August. Looking ahead, based on the recent uptrend in housing starts (up in four of the last five months), the private residential component for outlays will likely post a gain for September. But high vacancy rates weigh on the nonresidential component as does state & local government revenue declines on public outlays.

Daily Pivot and Important Announcements

By , 29 October, 2009, No Comment
ESZ9
For 10/29/2009
How To Use
Symbol R1 R2 Pivot S1 S2
ESZ9 1055.00 1071.50 1046.50 1030.00 1021.50

Fed and Agency Announcements

GDP
[Report][Star]8:30 AM ET
Jobless Claims
[Report][djStar]8:30 AM ET

Tim Geithner Speaks
9:30 AM ET

Money Supply
[Bullet4:30 PM ET

Tim Geithner Speaks
8:40 PM ET

Market Consensus Before Announcement-GDP
GDP was still barely in negative territory in the second quarter with the Commerce Department nudging up its third estimate to an annualized 0.7 percent decrease from the previous estimate of a 1.0 percent decline. Final sales were revised to be more positive at an annualized 0.7 percent gain in the second quarter, compared to the second estimate of a 0.4 percent gain. On the inflation front, the GDP price index was flat for the quarter. Looking ahead, traders are expecting the advance estimate for third quarter GDP to clearly establish that the economy was in recovery in the third quarter. The big question is by how much. Since this release is expected to show the first positive GDP growth since the second quarter of 2008, this report will get heightened attention.

Market Consensus Before Announcement-Jobless Claims
Initial jobless claims edged higher in the October 17 week, up 11,000 to 531,000. But the four-week average continued to move lower, down for the seventh week in a row to 532,250 for a decrease of about 20,000 from month-ago levels. Continuing claims dropped 98,000 for the October 10 week to 5.923 million, roughly 100,000 below month-ago levels. But reading the latest number is difficult due to an uncertain combination of new hiring and the expiration of benefits

One Indicator The Government Can Not Ignore

By , 26 October, 2009, No Comment

Here’s One Indicator The Government Can’t Ignore

There is an indicator which has been around since 1957. It has accurately forecasted every inflationary and deflationary cycle since.

I believe that this is the indicator that everyone should watch. If you trade stocks or futures and are interested in world trade trends, this is the indicator to track.

This is my third video on this indicator.

CLICK HERE FOR THIS ENLIGHTENING FREE VIDEO

Take a few minutes to watch todays short video and see how you can benefit from this indicator. There is no fee and there is no registration required.

The video is free to watch and there is no need to register.

CLICK HERE FOR THIS ENLIGHTENING FREE VIDEO

Have We Moved Out of the Recession?

By , 17 October, 2009, No Comment

Anyway, I have been thinking about this run up in equities of late and wondering just exactly is the root cause of all this stock buying euphoria? I would also note that the volume on the run up has not always been overly impressive, and further, trading in the financial stocks has been much heavier than the norm.

Read More →
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