Daily Trading Plans

Pre-market Update (Updated 8:30am eastern): US futures are slightly higher ahead of the open. European markets are trading -0.6% lower.  Asian markets are trading -0.9% lower.  Economic Reports Due out (Times are EST): None Technical Outlook (SPX): SPX saw one of its biggest sell-offs of the year yesterday.  Broke through the 10-day moving average, that had

Pre-market Update (Updated 8:30am eastern): US futures are slightly down ahead of the open. European markets are trading mixed/flat.  Asian markets traded in a wide range from -1.3% up to +0.9% Economic Reports Due out (Times are EST): Jobless Claims (8:30am), PMI Manufacturing Index Flash (8:58am), Existing Home Sales (10am), Philadelphia Fed Survey (10am), FHFA House

Economic Reports Due out (Times are EST): MBA Purchase Applications (7am), EIA Petroleum Status Report (10:30am), FOMC Meeting ANnouncement (12:30pm), FOMC Forecasts (2pm), Chairman Press Conference (2:15pm) Pre-market Update (Updated 8:30am eastern): US futures are flat ahead of the open. European markets are trading mixed/flat.  Asian markets traded on average 1.1% higher. Technical Outlook (SPX):

Economic Reports Due out (Times are EST): FOMC Meeting Begins, ICSC-Goldman Store Sales (7:45am), Housing Starts (8:30am), Redbook (8:55am) Pre-market Update (Updated 8:00am eastern): US futures are slightly higher. European markets are trading 0.5% higher.  Asian markets traded on average -0.4% lower. Technical Outlook (SPX): Yesterday provided us with sideways price action, with a slight

Economic Reports Due out (Times are EST): Housing Market Index (10am) Pre-market Update (Updated 8:30am eastern): US futures are moderately lower ahead of the open, after giving up their modest overnight gains.   European markets are trading mixed/flat, with STOXX 50 trading -1.2% lower.  Asian markets traded on average 1.5% higher.  Technical Outlook (SPX): Great

Economic Reports Due out (Times are EST): Empire State Manufacturing Survey (8:30am), Treasury International Capital (9am), Industrial Production (9:15am), Consumer Sentiment (9:55am) Pre-market Update (Updated 8:30am eastern): US futures are slightly higher ahead of the open.  European markets are trading 1.2% higher.  Asian markets traded on average -0.6% lower.  Technical Outlook (SPX): Solid day for

Economic Reports Due out (Times are EST): Consumer Price Index (8:30am), Jobless Claims (8:30am), Current Account (8:30am), EIA Natural Gas Report (10:30am) Pre-market Update (Updated 8:30am eastern): US futures are flat ahead of the open.  European markets are trading -0.5% lower.  Asian markets traded on average -0.6% lower.  Technical Outlook (SPX): SPX had the look

Economic Reports Due out (Times are EST): MBA Purchase Applications (7am), Producer Price Index (8:30am), Retail Sales (8:30am), Business Inventories (10am), EIA Petroleum Status Report (10:30am) Pre-market Update (Updated 8:30am eastern): US futures are slightly lower ahead of the open.  European markets are trading 0.2% lower.  Asian markets traded on average 0.6% higher.  Technical Outlook (SPX):

I’m looking to add a little spice to the morning trading plan – and I was flirting with some different ideas and one of them was adding visuals to the morning trading plan so that you aren’t bombarded with gobs and gobs of text. So I came up with the idea of a “trading compass”

Economic Reports Due out (Times are EST): NFIB Small Business Optimism Index (7:30am), ICSC-Goldman Store Sales (7:45am), Import and Export Prices (8:30am), Redbook (8:55am), Treasury Budget (2pm) Pre-market Update (Updated 8:30am eastern): US futures are slightly higher.  European markets are trading 0.4% higher.  Asian markets traded on average 0.7% higher.  Technical Outlook (SPX): Major sell-off reversal