Archive for ‘paper trade a demo account’

ES Emini Day Trading: Pivot-Fed Announcements-Commentary

By trader7757, 29 December, 2009, No Comment

Chart courtesy of AMP Trading, get a free demo account and paper trade. Call Chad at AMP Trading (800) 560-1640 for first class service. He does a great job.

ESH0
For 12/29/2009

How To Use

Symbol		R1	R2	Pivot	S1	S2
ESH0		1123.00	1123.50	1122.75	1122.25	1122.00

Fed and Fed Agency Announcements

ICSC-Goldman Store Sales

7:45 AM ET

Redbook

8:55 AM ET

S&P Case-Shiller HPI
[djStar]

9:00 AM ET

Consumer Confidence
[Report]

10:00 AM ET

State Street Investor Confidence Index

10:00 AM ET

4-Week Bill Auction

11:30 AM ET

5-Yr Note Auction
1:00 PM ET

Consensus Analysis

Consumer Confidence

Released on 12/29/2009 10:00:00 AM For Dec, 2008

	Prior	Consensus	Consensus Range
Consumer Confidence – Level	49.5	53.0	50.0 to 55.0

Market Consensus Before Announcement
The Conference Board’s consumer confidence index in November rose slightly to 49.5 from 48.7 the prior month but still disappointing compared to the recent high of 54.5 in August. The expectations index has come down in recent months while the present situation index remains near record lows.

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ES Emini Day Trading: Pivot-Fed Announcements-Commentary

By trader7757, 22 December, 2009, No Comment

Chart courtesy of AMP Trading, get a free demo account and paper trade. Call Chad at AMP Trading (800) 560-1640 for first class service. He does a great job.

ESH0
For 12/23/2009

How To Use

Symbol		R1	R2	Pivot	S1	S2
ESH0		1115.50	1122.75	1106.00	1098.75	1089.25

Fed and Fed Agency Announcements

MBA Purchase Applications

7:00 AM ET

Personal Income and Outlays
[Report]

8:30 AM ET

Consumer Sentiment
[Report]

9:55 AM ET

New Home Sales
[Report]

10:00 AM ET

EIA Petroleum Status Report
[djStar]

10:30 AM ET

2-Yr Note Announcement

11:00 AM ET

5-Yr Note Announcement

11:00 AM ET

7-Yr Note Announcement
11:00 AM ET

Consensus Reports

Personal Income and Outlays

Released on 12/23/2009 8:30:00 AM For November, 2009

	Prior	Consensus	Consensus Range
Personal Income – M/M change	0.2 %	0.5 %	0.3 % to 0.7 %
Consumer Spending – M/M change	0.7 %	0.6 %	0.4 % to 0.9 %
Core PCE price index – M/M change	0.2 %	0.1 %	0.0 % to 0.1 %

Market Consensus Before Announcement
Personal income in October edged up 0.2 percent, matching a 0.2 percent rise in September. The important wages and salaries component, however, was flat after a 0.1 percent dip in September. Personal consumption expenditures jumped 0.7 percent after a 0.6 percent drop in September. The rebound reflected a comeback in auto sales after the post-clunkers drop off in September. Headline PCE price inflation rose to 0.3 percent from a 0.1 percent rise in September. Core PCE inflation edged up to 0.2 percent in October from 0.1 percent the month before. Looking ahead, we should get some improvement in personal income-or rather at least in wages & salaries as aggregate payroll earnings rebounded 0.7 percent in November. PCEs growth should be healthy as retails sales excluding autos were up 1.2 percent for November and unit new motor vehicles sales advanced 4.5 percent. PCE inflation numbers should be mixed, closely tracking November’s CPI headline and core inflation numbers of up 0.4 percent and flat, respectively.

Consumer Sentiment

Released on 12/23/2009 9:55:00 AM For December, 2009

	Prior	Consensus	Consensus Range
Sentiment Index – Level	73.4	73.5	72.0 to 74.0

Market Consensus Before Announcement
The Reuter’s/University of Michigan’s Consumer sentiment index for mid-month December jumped to 73.4 from 67.4 for the November final estimate. The latest gain was led by a spurt in the current economic conditions index-to 79.1 from 68.8 in November. The expectations index improved, but only slightly-to 69.7 from 66.5 the prior month. Inflation expectations for one year out dipped 6 tenths to 2.1 percent and for five years out declined 4 tenths to 2.6 percent

New Home Sales

Released on 12/23/2009 10:00:00 AM For November, 2009

	Prior	Consensus	Consensus Range
New Home Sales – Level – SAAR	430 K	440 K	415 K to 460 K

Market Consensus Before Announcement
New home sales jumped 6.2 percent in October to a much higher-than-expected annual rate of 430,000. Supply was very low, the result of improving sales. Only 239,000 new homes were on the market in October in what was the lowest number going all the way back to 1971. Supply at the current sales rate fell to 6.7 months, compared to September’s 7.4 months and compared with 11.1 months a year ago.

ES Emini Day Trading: Detailed Trading Chart for Thurs

By trader7757, 17 December, 2009, No Comment

Pretty interesting day to day trade the ES Emini contract. I didn’t have a losing trade, which is unusual for me. I purposely left out one trade I should have taken, and you will notice that I bailed on two trades long before they had finished. All in all a good day, though much of the later trading was very tedious and slow developing.

ES Emini Day Trading: Pivot-Fed Announcements-Commentary

By trader7757, 3 December, 2009, No Comment

Chart courtesy of AMP Trading, get a free demo account and paper trade. Call Chad at AMP Trading (800) 560-1640 for first class service. He does a great job.

ESZ9
For 12/04/2009

How To Use

Symbol		R1	R2	Pivot	S1	S2
ESZ9		1110.83	1123.67	1104.17	1091.33	1084.67

Fed and Agency Announcements

Barack Obama Speaks

Chain Store Sales [Report]

Monster Employment Index [Report]

Jobless Claims
[Report]

8:30 AM ET

Productivity and Costs
[Report]

8:30 AM ET

Ben Bernanke Speaks
10:00 AM ET

ISM Non-Mfg Index
[Report]

10:00 AM ET

EIA Natural Gas Report
[Report]

10:30 AM ET

3-Month Bill Announcement
[Report]

11:00 AM ET

6-Month Bill Announcement
[Report]

11:00 AM ET

3-Yr Note Announcement
[Report]

11:00 AM ET

10-Yr Note Announcement
[Report]

11:00 AM ET

30-Yr Bond Announcement
[Report]

11:00 AM ET

Eric Rosengren Speaks
12:30 PM ET

Fed Balance Sheet
[Report]

4:30 PM ET

Pertinent Consensus Analysis

Jobless Claims

Released on 12/3/2009 8:30:00 AM For wk11/28, 2009

	Prior	Consensus	Consensus Range	Actual
New Claims – Level	466 K	485 K	471 K to 495 K	457 K
4-week Moving Average – Level	496.5 K			481.25 K

Highlights
Initial jobless claims fell 5,000 in the Nov. 28 week to 457,000, extending a run of impressive improvement that points squarely at improvement for total payrolls (prior week revised 4,000 lower). The four-week week average is lagging despite falling 14,250 in the week to 481,250. Continuing claims for the Nov. 21 week rose slightly to 5.465 million with the insured-workers unemployment rate steady at 4.1 percent, well down from a summer peak of 5.2 percent. The slight gain in continuing claims hardly puts a dent into 10 prior weeks of improvement, improvement reflecting new hiring but also, and likely to a large degree, the expiration of benefits. Those receiving extended benefits rose nearly 60,000 to just under 600,000 in data for the Nov. 14 week. Markets moved higher but only briefly in reaction to the report, one that will firm expectations for solid improvement in tomorrow’s November employment report.

Market Consensus Before Announcement
Initial jobless claims fell 35,000 in the November 21 week to 466,000. With the four-week average also breaking below 500,000, down 16,500 to 496,500, the latest numbers indicate that companies have reduced the pace of printing pink slips. This may be the early beginnings of recovery in the labor market. But most economists believe that the return to normalcy will be extremely slow. Continuing claims also fell in the latest week, down 190,000 to 5.423 million in data for the November 14 week, but the change also reflects the expiration of benefits.

Productivity and Costs

Released on 12/3/2009 8:30:00 AM For Q3:09

	Prior	Consensus	Consensus Range	Actual
Nonfarm productivity – Q/Q change – SAAR	9.5 %	8.5 %	8.5 % to 8.8 %	8.1 %
Unit labor costs – Q/Q change – SAAR	-5.2 %	-4.2 %	-4.5 % to -4.0 %	-2.5 %

Highlights
Productivity in the second quarter was revised down with the Labor Department’s second estimate for the quarter. Third quarter productivity was revised to an annualized 8.1 percent surge from the initial estimate of a 9.5 percent boost. The market consensus had expected a revision to an 8.5 percent increase. Unit labor costs were revised up somewhat (less negative) to an annualized decline of 2.5 percent, compared to the original estimate of a 5.2 percent fall. The consensus estimate was for a 4.2 percent decline.

The downward revision to productivity was primarily due to a downward revision to growth of third quarter output in the nonfarm business sector-to 2.9 percent annualized from the initial 4.0 percent. Unit labor costs were revised up based on the lower growth in output and higher compensation estimates. Compensation growth was revised up to an annualized 5.4 percent from the initial third quarter number of 3.8 percent growth. Hours worked were little revised.

Year-on-year, productivity rose to up 4.0 percent in the third quarter from 1.9 percent in the second quarter. Year-ago unit labor costs fell to minus 1.4 percent from up 0.3 percent in the second quarter.

Today’s revisions indicated that labor costs are not as weak as previously believed but they are still subdued. The new numbers might have had a negative impact on equities, but the big news is the lower-than-expected jobless claims which boosted equity futures and bond yields.

Market Consensus Before Announcement
Nonfarm productivity in the third quarter surged 9.5 percent annualized, following a revised 6.9 percent boost in the second quarter. This was the largest gain in productivity since the third quarter of 2003, when it rose 9.7 percent. In tandem, unit labor costs dropped an annualized 5.2 percent after declining a revised 6.1 percent in the second quarter. The latest spike in productivity reflected both higher output and fewer hours worked. Looking ahead, we are likely to see a downward revision to third quarter productivity and upward revision to unit labor costs based on the second estimate for GDP growth in the same period. Real GDP was revised down to 2.8 percent from the advance estimate of 3.5 percent. The output component of productivity and unit labor costs is based on much of the same source data as GDP.

Monster Employment Index

Released on 12/3/2009 For November, 2009

	Prior	Actual
Monster Employment Index	120	119

Highlights
The Monster employment index edged down 1 point to 119 in November. Government and healthcare extended several months of weakness. Retail has also been weak. But on the strong side is transportation & warehousing, a group that offers a reading on supply-chain congestion and that may be signaling gains ahead for general economic activity. November’s big U.S. jobs report comes out tomorrow morning with expectations looking for solid improvement.

Chain Store Sales

Highlights
November’s chain-store reports are net positive for the economic outlook. November started off slow, hurt by warm weather, which cut demand for seasonal goods, and by consumer anticipation ahead of Black Friday discounts. The Thanksgiving weekend proved to be very positive for many chains — momentum that points to month-to-month improvement this month. Chain stores report their results in year-on-year terms, and a look back at last year shows that November had a higher base than October (remember October and September were hit by the credit panic). So even though sales rates were a bit weaker, November’s ex-auto ex-gas reading looks to be about flat. Auto sales, based on Tuesday’s unit-sale data, look to be strong while sales at gas stations will get a boost from higher prices and favorable seasonal adjustments. All in all, the retail outlook is favorable in what may be confirmation of improvement underway in the jobs market.

The Fractal Futures Trader

Archive for ‘paper trade a demo account’

ES Emini Day Trading: Pivot-Fed Announcements-Commentary

Fed and Fed Agency Announcements

Consensus Analysis

Consumer Confidence

ES Emini Day Trading: Pivot-Fed Announcements-Commentary

Fed and Fed Agency Announcements

Consensus Reports

Personal Income and Outlays

Consumer Sentiment

New Home Sales

ES Emini Day Trading: Detailed Trading Chart for Thurs

ES Emini Day Trading: Pivot-Fed Announcements-Commentary

Fed and Agency Announcements

Pertinent Consensus Analysis

Jobless Claims

Productivity and Costs

Monster Employment Index

Chain Store Sales

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