Interpreting market movements in a whole new way
Interpreting market movements in a whole new way
Economists estimate new jobless claims fell slightly last week, a sign of labor market momentum. We open today in the backdrop of the customary weekly unemployment numbers from the Labor Department. We will have to see what the actual numbers are at 8:30 am EDT today but usually, these numbers get adjusted into the following … Continue reading “Premarket summary for Thu Aug 12, 2021”
Read MoreYesterday in our premarket summary, we pinpointed under section titled “Possible Scenarios” where to position long trade ideas and where to seek profit targets. The ES market did good by pushing above the 4434 profit target and pulled back lower promptly allowing short-term participants to reverse from the top to collect another 10+ points on … Continue reading “Inflation is alive and well”
Read MoreFutures are pointing toward a quiet trading session today as participants assess the latest government data to gauge the damages of the Delta variant of coronavirus on world economies. Meanwhile, European markets were lifted by stronger than expected earnings, with the pan-European STOXX 600 up 0.25% to an all-time high of 471.9, and analysts raising … Continue reading “Premarket summary of a muted price action day”
Read MoreU.S. stock futures slid and government bonds rallied Wednesday after data showed that the private sector added fewer jobs than economists expected in July, fueling concerns that the rebound may be faltering. ADP showed that 330,000 jobs were added by the private sector in July, almost half the number that economists were expecting. In bond … Continue reading “Premarket report using Emini S&P futures”
Read MoreThe ON high took us close to 30 points above Friday’s settlement and stalled as the ticker recorded no buys above 4419. Again, valuation from the break lower this past Friday remains intact as we stalled below 4385 and which will likely provide support to the markets during the day session here on Monday. Of … Continue reading “Premarket summary for S&P futures”
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