How it handles the decline will say a lot about the market. Follow @MrTopStep and @BretKenwell on Twitter and please share if you find our work valuable. Don’t Forget: The Long-term performance of the S&P 500, some longer-term setups, and 5 red flags that showed up before the 2022 bear market. Our View We have […]
Index Futures Net Changes and Settlements: Contract Settlement Net Change +/-% S&P 500 (ESZ18:CME) 2643.50 -26.00 -0.97% DowJones (YMZ18:CBT) 24,431 -315 -1.27% Nasdaq 100 (NQZ18:CME) 6736.25 -157.00 -2.27% Russell 2000 (RTYZ17:CME) 1480.20 -10.70 -0.71% Foreign Markets, Fair Value and Volume: In Asia 9 out of 11 markets closed higher: Shanghai Comp +1.02%, Hang Seng -0.91%, […]
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 […]
TODAY’S GAME PLAN: from the trading desk, this is not research TODAY’S ECONOMIC DATA: 9:00ET: Fed’s Bowman speaks; 10:00ET U. of Mich. Sentiment, Fed’s Logan speaks, Fed’s Kashkari speaks; 12:45ET Fed’s Goolsbee speaks; 1:30ET Fed’s Barr speaks; 2:00ET Monthly Budget Statement HIGHLIGHTS and News: OpenAI will announce an AI-powered search product to compete with Google on […]
TODAY’S GAME PLAN: from the trading desk, this is not research TODAY’S ECONOMIC DATA: 8:30ET Jobless Claims; 1:00ET 30 Year Bond Auction; 2:00ET Fed’s Daly speaks; 3:00ET Mexico Rate Decision HIGHLIGHTS and News: Hamas launched two rounds of rocket fire at the American-made humanitarian aid pier for Gaza China’s iPhone shipments rise 12% in March Major […]
TODAY’S GAME PLAN: from the trading desk, this is not research TODAY’S ECONOMIC DATA: 10:00ET Wholesale Trade Sales; 11:00ET: Fed’s Jefferson speaks; 11:45ET Fed’s Collins speaks; 1:00ET 10 Year Note Auction; 1:30ET Fed’s Cook speaks; 5:30ET Brazil Rate Decision HIGHLIGHTS and News: Household debt hits $17.5 trillion for 1st time ever In its lawsuit to fight […]
TODAY’S GAME PLAN: from the trading desk, this is not research DATA/HEADLINES: ET 8:30 US 1Q Employment Cost Index, 9:00 US Feb. FHFA House Price Index, 9:45 US April MNI Chicago PMI, 10:00 US April Conf. Board Consumer Confidence, 10:30 Dallas Fed Services Activity TODAY’S HIGHLIGHTS and News: US and Mexico Drop Joint Bid to Host […]
GOOGL and MSFT earnings drive upside There’s Give and Take…and The Bulls Are Taking GOOGL and MSFT earnings drive upside Follow @MrTopStep on Twitter and please share if you find our work valuable. Our View It really doesn’t matter what we think or what the charts say. What happens when the ES and […]
TODAY’S GAME PLAN: from the trading desk, this is not research DATA/HEADLINES: 8:30ET PCE Deflator*, Personal Income – Spending; 10:00ET U. of Mich. Sentiment; 11:00ET Kansas City Fed Services Activity TODAY’S HIGHLIGHTS and News: Chinese Stocks in Hong Kong Are the World’s Top Gainers in April Jeff Bezos is accused of destroying chats amid an FTC […]
Danny’s View: MSFT, GOOGL Put Rally To The Test