Posts tagged ‘pivot’

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.

ES Emini Day Trading: Pivot-Fed Announcements-Commentary

By , 12 November, 2009, No Comment
ESZ9
For 11/13/2009
How To Use
Symbol R1 R2 Pivot S1 S2
ESZ9 1098.00 1108.75 1090.25 1079.50 1071.75

Fed and Agency Announcements

Charles Evans Speaks
10:30 AM ET

The question in my mind is where this market is headed.  How long can this gravity defying stock market rally continue?  I know, I know, I thought you were a scalper?  In my trading life I am a scalper, but spending so much time day trading makes you like an intimate friend of this rally.  Just when you think the market could not go higher, it seems to find a way…

ES Emini Daytrading: Daily Pivot, Fed Annoucements and Commentary

By , 11 November, 2009, No Comment
ESZ9
For 11/11/2009
How To Use
Symbol R1 R2 Pivot S1 S2
ESZ9 1092.42 1092.58 1092.08 1091.92 1091.58

Fed and Fed Agency Annoucements

It’s Veterans Day and the Fed is taking it easy.

ES Emini: Daily Pivot-Fed Announcements-Commentary

By , 10 November, 2009, No Comment
ESZ9
For 11/10/2009
How To Use
Symbol R1 R2 Pivot S1 S2
ESZ9 1099.75 1107.75 1084.00 1076.00 1060.25

Daily Pivot-Fed Announcements-Commentary

Redbook
[Report][Bullet8:55 AM ET

Dennis Lockhart Speaks
9:15 AM ET

Janet Yellen Speaks
10:00 AM ET

Richard Fisher Speaks
7:30 PM ET

ICSC-Goldman Store Sales
Released on 11/10/2009 7:45:00 AM For wk11/7, 2009
Prior Actual
Store Sales – W/W change 0.1 % -0.1 %
Store Sales – Y/Y 1.9 % 2.9 %

Highlights
ICSC-Goldman’s same-store retail index ended six straight weeks of gains, down 0.1 percent in the Nov. 7 week to mask a plus 2.9 percent year-on-year rate that’s the best since August last year. ICSC, which stands for the International Council of Shopping Centers, often conducts special surveys, and their latest indicates that shoppers plan to put off holiday shopping until the Friday after Thanksgiving, which the report said is now being dubbed “Bargain Friday” instead of “Black Friday,” the latter referring to the first day of retailer profitability. The report, as others, expects year-on-year rates to continue to improve as retailers lap comparisons with last year’s deep recession. Redbook will post their results at 8:55 ET.

Redbook
Released on 11/10/2009 8:55:00 AM For wk11/7, 2009
Prior Actual
Store Sales Y/Y change 0.9 % 1.7 %

Highlights
Year-on-year rates are definitely on the increase in the retail sector which is beginning to benefit from easy comparisons against last year’s deep recession. Redbook reports a plus 1.7 percent year-on-year rate in the Nov. 7 week, the best since September last year. ICSC-Goldman, issued earlier this morning, shows the best year-on-year rate since August last year. But what this means for the month-to-month comparison is uncertain. Redbook’s first take on October vs. November is very positive, showing a 4.3 percent gain but one a little weaker than the targeted 4.8 percent gain. Redbook says retailers are promoting hard trying to make each day a “Black Friday” with deep discounts and early holiday displays.

Lots of Fed Speak this afternoon as two FOMC give separate speeches this afternoon.  Perhaps the market may take some interest in these speeches, though I cannot discern that the market, at this juncture, is paying attention to anything.  Also, plenty of sales data, which should give some guidance on how the Christmas shopping season may play out.

We made new yearly highs in several of the stock index contracts yesterday. which I wrote about yesterday afternoon.  I would suspect that much of the volatility we experienced earlier in the year may return as the market thrashes about in full bull or bear market rally mode.

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

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