I figured after the CPI “flash crash,” the futures would rally. They did initially, but I didn’t expect the ES to trade down to 3923.75 and drop 120+ points from the day’s high. The train really has rolled off the tracks. I know people are starting to dabble into buying some beaten-down stocks, but I […]
Market Review Polaris Trading Group: Taylor 3 Day Cycle Commentary Author: David D Dube (PTGDavid) Tuesday’s Session was Cycle Day 3 (CD3): As this day is the official “end of cycle”, the expected action of the “BIG BOYZ” is to complete their selling of long contracts to the “Johnnie-come-late” buyers and to establish […]
The financial futures market went from good to bad Friday with the S&P 500 futures falling falling 1.1% and the Dow and Nasdaq futures falling 1.5% each. With stocks down across the board in Asia and falling in Europe, hundreds of thousands of financial workers across the globe were locked out of their Bloomberg terminals, […]
TODAY’S GAME PLAN: from the trading desk, this is not research TODAY’S ECONOMIC DATA: 10:00ET Leading Index; 10:15ET Fed’s Waller, Kashkari speak; 11:45ET President Biden speaks; 12:15ET Fed’s Daly speaks HIGHLIGHTS and News: Microsoft will launch its custom Cobalt 100 chips as a public preview at its Build conference next week GAMESTOP MAY SELL UP TO […]
TODAY’S GAME PLAN: from the trading desk, this is not research TODAY’S ECONOMIC DATA: 8:30ET Housing Starts, Building Permits, Initial Jobless Claims, New York Fed Services Business Activity, Philadelphia Fed Business Outlook, Import and Export Price Indexes; 9:15ET Industrial Production, Capacity Utilization, Manufacturing (SIC) Production; 10:00ET Fed’s Barr testifies to Senate Committee, Fed’s Barkin on CNBC; […]
Big Day on Tap With CPI, Retail Sales Follow @MrTopStep on Twitter and please share if you find our work valuable! Every week, MrTopStep invites traders to an “Own the Close” contest where the closest guesstimate where the SPX will settle on Friday’s 4:00 cash close. The winners get a free week’s access to the […]
TODAY’S GAME PLAN: from the trading desk, this is not research TODAY’S ECONOMIC DATA: 8:30ET Empire Manufacturing, CPI*, Retail Sales; 10:00ET Business Inventories, NAHB Housing Market Index, Fed’s Barr testifies before House committee; 12:00ET Fed’s Kashkari speaks; 3:20ET Fed’s Bowman speaks; 4:00ET TIC Flows US APRIL CORE CONSUMER PRICES RISE 0.3% M/M, US APRIL CORE CONSUMER […]
TODAY’S GAME PLAN: from the trading desk, this is not research TODAY’S ECONOMIC DATA: 8:30ET PPI Final Demand; 9:10ET Fed’s Cook speaks; 10:00ET Fed’s Powell, ECB’s Knot speak *US APRIL PRODUCER PRICES RISE 0.5% M/M; EST. 0.3% China rate decision, Eurozone industrial production, GDP, US CPI on Wednesday HIGHLIGHTS and News: Apple is preparing to sell […]
TODAY’S GAME PLAN: from the trading desk, this is not research TODAY’S ECONOMIC DATA: 9:00ET Fed’s Mester and Jefferson speak; 11:00ET: NY Fed 1-Yr Inflation Expectations Among the most critical data for the Fed will be April CPI (Wed.), one of two monthly prints the FOMC will have in hand at the June 11-12 meeting (May […]
Danny’s View: Everything Is In A Freefall