DAILY TRADING ADVISORY 18-August-2009 Japan’s lower than expected growth, worries about consumer spending, Global stock’s sell off and NY Empire manufacturing Index better than expected gave way to a sharply lower...
Read MoreDAILY TRADING ADVISORY 17-August-2009 CPI unchanged; Industrial Production rises for first time since October 2008. Michigan sentiment falls giving way to an early sell off on concern the rally is overdone, markets closed in the...
Read MoreDAILY TRADING ADVISORY 13-August-2009 FED leaves rates unchanged and stretch its long term bonds acquisitions which will end in October, recession easing. Markets rallied but gave back some of their gains. ECONOMIC DATA...
Read MoreDAILY TRADING ADVISORY 07-August-2009 Initial claims down to 550K and CISCO earnings gave way to a weak session. ECONOMIC DATA 8:30 AM Average workweek 8:30 AM Hourly Earnings 8:30 AM Nonfarm Payrolls 8:30 AM Unemployment rate...
Read MoreDAILY TRADING ADVISORY 06-August-2009 ADP Employment data which measures the private jobs market down another 371K jobs, ISM services down to 46.4 and June factory Orders up .4% gave way to a profit taking session. The SP held...
Read MoreDAILY TRADING ADVISORY 31-July-2009 Initial claims at 584K, Continuing Claims slightly lower and GE upgrade gave way to a strong rally ECONOMIC DATA 8:30 AM GDP- adv. 8:30 AM Core PCE 8:30 AM Chain Deflator-adv. 8:30 AM...
Read MoreDAILY TRADING ADVISORY 30-July-2009 Durable Good orders down 2.5%, overseas markets sell off and Fed’s Beige book pointing that some stabilization has been seen in some regions gave way to a narrow range session with...
Read MoreDAILY TRADING ADVISORY 29-July-2009 Office Depot wider than expected loss, Home prices posted their first monthly gain in three years in May; Consumer Confidence falls for second straight month gave way top a consolidating...
Read MoreDAILY TRADING ADVISORY 28-July-2009 New Home sales jumps 11%, the highest in nearly nine years. Markets consolidate but closed on the green. ECONOMIC DATA 9:00 AM Consumer Confidence 9:00 AM S&P CaseShiller Home Price Index...
Read MoreWEEKLY PIVOTS FOR WEEK ENDING 31-July-2009 R3 1008.75 R2 1001.00 R1 993.25 PP 963.50 S1 955.75 S2 948.00 S3 918.25 ECONOMIC DATA 10:00 AM New Home Sales WEEKLY RECAP Markets posted another strong week as they continue to push...
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