Pre-market update: European markets are trading 0.8% higher. Asian markets traded 1.4% lower. US futures are trading 1.0% higher. Economic reports due out (all times are eastern): Jobless Claims (8:30), Import and Export Prices (8:30), EIA Natural Gas Report (10:30), Treasury Budget (2), Fed Balance Sheet (4:30), Money Supply (4:30) Technical Outlook (SPX): Today
Pre-market update: European markets are trading 0.7% higher. Asian markets traded 0.3% lower. US futures are trading flat.  Economic reports due out (all times are eastern): MBA Purchase Applications (7), Wholesale Trade (10), EIA Petroleum Status Report (10:30), FOMC Minutes (2) Technical Outlook (SPX): The market has been strong for four solid days and
Pre-market update: European markets are trading 0.7% higher. Asian markets traded 1.5% lower. US futures are trading 0.4% higher.  Economic reports due out (all times are eastern): NFIB Small Business Optimism Index (7:30), ICSC-Goldman Store Sales (7:45), Redbook (8:55) Technical Outlook (SPX): Huge day for the SPX yesterday as it managed to break
Pre-market update: European markets are trading 2.1% higher. Asian markets traded 1.1% lower. US futures are trading 0.5% higher.  Economic reports due out (all times are eastern): Consumer Credit (3) Technical Outlook (SPX): SPX closed Friday on the underside of the 5/22 highs, descending trend-line. Finishing in the green today, will result in
Pre-market update: European markets are trading -1.8% lower. Asian markets traded 1.6% lower. US futures are trading 0.3% lower.  Economic reports due out (all times are eastern): MBA Purchase Applications (7), Challenger Job-Cut Report (7:30), ADP Employment Report (8:15), International Trade (8:30), Jobless Claims (8:30), ISM Non-Manufacturing Index (10), EIA Petroleum Status Report (10:30),
I am using this shortened holiday week of trading to take some extra time to be with my family. I’m still staying updated and monitoring the markets as well as my open positions, but my positing frequency is much less this week. So hang in there until I get back next week. I’m actually doing
I am using this shortened holiday week of trading to take some extra time to be with my family. I’m still staying updated and monitoring the markets as well as my open positions, but my positing frequency is much less this week. So hang in there until I get back next week. I’m actually doing
Pre-market update: European markets are 0.8% higher. Asian markets traded 0.4% higher. US futures are trading 0.4% higher.  Economic reports due out (all times are eastern): PMI Manufacturing Index (8:58), ISM Manufacturing Index (10), Construction Spending (10) Technical Outlook (SPX): After a three day run, the markets pulled back ever-so-slightly on Friday, which
Pre-market update: European markets are 0.8% higher. Asian markets traded 0.4% higher. US futures are trading 0.4% higher.  Economic reports due out (all times are eastern): PMI Manufacturing Index (8:58), ISM Manufacturing Index (10), Construction Spending (10) Technical Outlook (SPX): After a three day run, the markets pulled back ever-so-slightly on Friday, which
Economic reports due out (all times are eastern): Chicago PMI (9:45am), Consumer Sentiment (9:55am) Technical Outlook (SPX): SPX has bounced hard since hitting its intraday lows on Monday – a total of 53 points from low to high. The SPX closed above the 10-day moving average but struggled to do so with the 20