Posts tagged ‘Fed announcements’

ES Emini Day Trading: Pivot-Fed Announcements-Commentary

By , 25 November, 2009, No Comment

The Reuter’s/University of Michigan’s Consumer sentiment index for early November fell back a very steep 4.6 points to a very weak 66.0. Weakness was split between current conditions and the outlook. The retreat in confidence was tied to the still contracting jobs market.

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ES Emini Daytrading: Pivot-Fed Announcements-Commentary

By , 24 November, 2009, No Comment
ESZ9
For 11/24/2009
How To Use
Symbol R1 R2 Pivot S1 S2
ESZ9 1130.42 1158.08 1083.83 1056.17 1009.58

Fed and Fed Agency Announcements

GDP
[Report][Star]8:30 AM ET
Redbook
[Bullet8:55 AM ET
FOMC Minutes
[Bullet2:00 PM ET

GDP
Released on 11/24/2009 8:30:00 AM For Q3:09
Prior Consensus Consensus Range
Real GDP – Q/Q change – SAAR 3.5 % 2.8 % 2.5 % to 3.4 %
GDP price index – Q/Q change – SAAR 0.8 % 0.8 % 0.8 % to 0.8 %

Market Consensus Before Announcement
GDP for the third quarter in the advance estimate came in stronger than expected with a 3.5 percent gain, following a 0.7 percent dip in the prior quarter. The third quarter boost was the first positive GDP number since a 1.5 percent increase for the second quarter of 2008. Cash for clunkers did add substantially to third quarter growth as motor vehicle output added 1.66 percentage points to the third-quarter change in real GDP after adding 0.19 percentage point to the second-quarter change. Inflation is still subdued as the GDP price index edged up 0.8 percent, following no change in the second quarter. Looking ahead, more recent monthly numbers indicate a downward revision to third quarter growth—including negatives from monthly international trade and business inventories

ICSC-Goldman Store Sales
Released on 11/24/2009 7:45:00 AM For wk11/21, 2009
Prior Actual
Store Sales – W/W change -0.1 % 0 %
Store Sales – Y/Y 2.4 % 3.3 %

Highlights
Easy year-over-year comparisons look to make for strong mid-single-digit gains for November same-store sales, according to ICSC-Goldman. The week-to-week pace in the Nov. 21 week was unchanged but not the year-on-year pace which rose nearly 1 full percentage point to plus 3.3 percent for the best reading in more than two years. The report sees this rate increasing in the Nov. 30 week, predicting strong sales on what it calls “Bargain” Friday and also strong sales on the following Saturday. But year-on-year comparisons are not what the financial markets move on. It’s month-on-month that counts. Redbook, up at 8:55 ET, does offer a November-to-October measure.

Daily Pivot-Fed Announcements-Commentary

By , 23 November, 2009, No Comment
ESZ9
For 11/20/2009
How To Use
Symbol R1 R2 Pivot S1 S2
ESZ9 1094.83 1095.17 1094.42 1094.08 1093.67

Fed and Fed Agency Announcements

Existing Home Sales
Released on 11/23/2009 10:00:00 AM For October, 2009
Prior Consensus Consensus Range
Existing Home Sales – Level – SAAR 5.57 M 5.700 M 5.290 M to 5.900 M

Market Consensus Before Announcement
Existing home sales in September spiked 9.4 percent to a 5.57 million annual rate. Existing home sales have been on a healthy uptrend in recent months, showing gains in five of the last six months. Recent numbers have been boosted by the clock ticking down on tax credits for first time home buyers with closing required by November. Tax credits have been extended and expanded but we are likely to see an easing in sales as there are not as many in the eligibility pool for these tax credits as in earlier months. And rising unemployment is weighing on other potential buyers.

ES Emini: Pivot and Fed Announcements, Commentary.

By , 8 November, 2009, No Comment
ESZ9
For 11/09/2009
How To Use
Symbol R1 R2 Pivot S1 S2
ESZ9 1072.67 1079.08 1063.08 1056.67 1047.08

Fed and Agency Announcements

Monday’s Pivot info is above.
Not a whole lot relevant of day trading info on Monday, with the exception of some bill and note auctions.  All sorts of chatter on the ES Emini day trading chat boards, the doom and gloom crowd is out in force, and with good reason, though there is an infinite realm of political and economic possibilities.  I can’t say I fully understand the market of late, and I am thankful I am a scalper so I don’t have to try to pick the market direction.  I have not the slightest idea which way we are headed.
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Pivot and Daily Fed Announcements

By , 16 October, 2009, No Comment

Should be a brisk day of trading as lots of information is to be released today. Consumer Price index and the jobless numbers will certainly interest the traders.

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Todays Pivots and Fed Announcements

By , 8 October, 2009, No Comment
ESZ9
For 10/08/2009
How To Use
Symbol R1 R2 Pivot S1 S2
ESZ9 1057.08 1060.67 1051.17 1047.58 1041.67

Fed Announcements

Jobless Claims
[Report][djStar]8:30 AM ET
RBC CASH Index
[Bullet9:00 AM ET
Wholesale Trade
[Bullet10:00 AM ET

Donald Kohn Speaks
12:15 PM ET

Jeffrey Lacker Speaks
1:15 PM ET

Daniel Tarullo Speaks
3:35 PM ET

Money Supply
[Bullet4:30 PM ET

Ben Bernanke Speaks
7:00 PM ET
Thomas Hoenig Speaks
8:45 PM ET

Today should be a busy one with a variety of economic data reports being released and Ben Bernanke speaking, along with another member of the FOMC.  I am sure the jobs report will have the market buzzing as will Bernanke’s message.

ES Emini and Fed Announcements

By , 1 October, 2009, No Comment
ESZ9
For 10/01/2009
Symbol R1 R2 Pivot S1 S2
ESZ9 1063.67 1074.33 1052.58 1041.92 1030.83

Todays Fed and other Important Announcements

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

Ben Bernanke Speaks
9:00 AM ET

ISM Mfg Index
[Report][Star]10:00 AM ET
There appears to be a slew of announcements today that should have the traders interest.  I don’t expect much good news on the car report, and the rest probably may bring some of the recent gains via the hope for a recovering economy into question.  Hope I am wrong.    I won’t be though.  The day will be topped off by a speech from Mr. Bernanke.

Todays Pivot and Fed News

By , 16 September, 2009, No Comment

Looks like a full slate of interesting announcements in the next two days. I am particularly interested in the employment data tomorrow. Industrial Production and PPI on tap today as we see how well we are steering through the later stages of this recession.

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