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Apr 24, 2019 - Market Blog

4/24/2019

 

Record highs here we come??

 

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Equities

 

The S&P 500 (SPX) and Nasdaq Composite (COMP) both closed at record highs Tuesday, after heavy losses during a bruising fourth quarter selloff that dragged the Nasdaq into bear-market territory and left the S&P 500 teetering on the edge of ending its longest bull run ever. The S&P 500 is up 17% year to-date, on pace for its best start to a year since 1987, while the Nasdaq has gained 22%, with its best start since 1991. Strong earnings reports fueled Tuesday’s advance, as shares of Twitter (TWTR) were up over 15%  and aerospace giant Lockheed Martin (LMT) shares were up over 5.0% on the day.  The Dow Jones Industrial Average gained 0.55% to close at 26656.39, the S&P 500 rose 0.9% to 2933.67, breaking past its previous high of Sept 20 and the Nasdaq jumped 1.3% to 8120.82, topping its August 29 record closing level.

 

Credit Markets:

 

U.S. government-bond prices rose near their highest levels in about a month.  The yield on the 10 year Treasury note fell to 2.572%  compared to 2.592% Monday.  Yields climbed briefly from their lows after the Commerce Department said Tuesday that purchases on new homes in the U.S. increased in March more than expected.

 

Commodities:

 

Oil prices rallied to their highest level since 2018 mainly due to the U.S. announcing that all waivers to sanctions on Iranian oil imports will rapidly end next week. U.S. crude oil futures (/CL)  advanced 0.7% to close at $66.28 a barrel, marking the third straight session of gains ahead of weekly inventory numbers with a 900K barrel build expected. Last week saw a surprise drawdown of 1.4 million barrels which further fueled the latest price surge.  

 

Pre-Market:

 

S&P 500 futures (/ES) are trading flat a day after the S&P 500 (SPX) and Nasdaq Composite (COMP) closed at record highs on upbeat corporate earnings. Boeing (BA) released earnings this morning, the first since the company was forced to ground its 737 Max fleet in mid-March. Although Boeing missed the consensus estimate earnings by more than 13%, the stock is trading up over 1.0% in pre-market trading.  Shares of Anadarko Petroleum Corporation (APC) are trading up over 10% after Occidental Petroleum Corporation (OXY) reported a superior proposal for Anadarko at $76 per share as a bidding war ensues.  As of this writing, S&P 500 (/ES) futures are unchanged near 2939, and crude oil futures (/CL) are flat-lining as well near $66.30 a barrel. Earnings will likely dominate headlines later today with the likes of Facebook (FB), Microsoft (MSFT), VISA (V), and Tesla (TSLA) all on deck after the close.  

 

Major Economic Reports:

 

6:00 am CT – MBA Mortgage Applications

9:00 am CT – State Street Investor Confidence Index

9:30 am CT – EIA Petroleum Status Report

12:00 pm CT – 5-Yr Note Auction

 

Notable Earnings:

 

Wednesday - 4/24:

A.M. – ANTM, BA, BIIB, BSX, CAT, GD, GOLD, GT, NOC, NSC, SWK, T, TMUS, TROW

P.M. – AGNC, ALGN, AMD, CMG, CTXS, EFX, FB, FFIV, LRCX, MSFT, NOW, PYPL, TRN, TSLA, V, WYNN, XLNX

 

Thursday - 4/25:

A.M. – ABBV, ALXN, BAX, BMY, CMCSA, DHI, FCX, HES, HSY, IP, ITW, LUV, MMM, MO, NEM, RCL, RTN, UPS

P.M. – AFL, AIG, AMZN, BIDU, COF, DFS, F, FSLR, GRUB, ILMN, INTC, IQ, JNPR, MAT, NOV, SBUX

 

*Follow us on Twitter @TradeWise

 

**BOLD above indicates important and potential market-moving news and information

 

TradeWise Advisors is offering a free trial for 2 trading strategies for 60 days each: Use coupon code Marketblog to apply this trial on your current account at www.tradewise.com or contact us at support@tradewise.com

Apr 23, 2019 - Market Blog

4/23/2019

 

The Waiting Game

 

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Equities

 

The Dow Jones Industrials ($DJI) ended yesterday's session down a miniscule 0.2% with industrials and consumer discretionary showing some early signs of weakness. The broader S&P 500 (SPX) eventually managed to eke out a small gain late in the day to close 0.1% higher at 2907.97 with the red-hot energy sector taking on the lead. FAANG stocks which have recently got their groove back helped to propel the Nasdaq Composite (COMP) up 0.2% thanks in large part to the heroics of Netflix (NFLX) accelerating nearly 5% off no notable news.  

 

Credit Markets:

Existing home sales fell by 4.9% in the month of March stinting the short-lived positive momentum from February to see a pace of 5.21 million homes sold vs. expectations above  5.3 million as rates have crept higher. New home sales will be shared next just after the open today with a target of 647K amid the most important buying season of the year. The 10 year yield standing near 2.579% at this stage ahead of $66 billion in combined one and two year auctions.  

 

Commodities:

U.S. officials announced that all existing Iranian wavers will end on May 1st in an attempt to ratchet up pressure on Tehran as a loophole for several buyers will effectively be closed. Energy prices are tagging new 2019 highs as a result with WTI jumping nearly 3% over the course of yesterday’s session to hold near $66 a barrel. Gold Futures (/GC) have finally succumbed to its 200 day moving average after slipping near $1269 an ounce with equities firmly in the driver’s seat at this stage.  

 

Pre-Market:

U.S. Equity futures (/ES) are trading near the flat-line this morning as 150 of the S&P 500 components will all be reporting earnings over the course of this week. Twitter (TWTR) shares are up an impressive 8% early on after smashing estimates which becomes a potentially encouraging omen for other tech counterparts soon to release. Other economic data remains mostly muted today and Fed speak is currently in a blackout period ahead of their next meeting which shifts focus directly on the earnings barrage. 

 

Major Economic Reports:

 

7:55 am CT – Redbook

8:00 am CT – FHFA House Price Index

9:00 am CT – New Home Sales

9:00 am CT – Richmond Fed Manufacturing Index

12:00 pm CT – 1 Yr. and 2-Yr Note Auctions

 

Notable Earnings:

 

Tuesday – 4/23:

 

A.M.– HAS, HOG, KO, LMT, NUE, PG, SHW, TECK, TWTR, UTX, VZ

 

P.M. – AMTD, EBAY, EW, IRBT, SNAP, TXN

 

Wednesday – 4/24:

 

A.M. – ANTM, BA, BIIB, BSX, CAT, GD, GOLD, GT, NOC, NSC, SWK, T, TMUS, TROW

 

P.M. –  AGNC, ALGN, AMD, CMG, CTXS, EFX, FB, FFIV, LRCX, MSFT, NOW, PYPL, TRN, TSLA, V, WYNN, XLNX

 

*Follow us on Twitter @TradeWise

 

**BOLD above indicates important and potential market-moving news and information

 

TradeWise Advisors is offering a free trial for 2 trading strategies for 60 days each: Use coupon code Marketblog to apply this trial on your current account at www.tradewise.com or contact us at support@tradewise.com

Apr 22, 2019 - The Week Ahead

The Week Ahead 

 

In a holiday-shortened week, stocks gyrated around the flat line.  Weakness in the health care sector as a reaction to increasing political headlines was offset by healthy gains in industrial stocks, driven by solid earnings and better-than-expected manufacturing data out of China.  On the week, the Dow Jones Industrial Average ($DJI) gained 147.24 points, or 0.5% to close at 26559.54, while the S&P 500 (SPX) dipped 0.1% to 2905.03, and the Nasdaq Composite (COMP) advanced 0.2% to 7998.06. The CBOE Volatility Index, or VIX has now slipped below 13, which is likely a reflection of how little the market is moving each day as apprehension has subsided around an imminent recessionary fears.

 

U.S. Treasury prices closed the holiday-shortened session and week higher, although off the day’s highs in heavy volume trade.  The market was pressured a bit early on to the upside surprise reacting to the headline and core March retail sales data, but quickly overcame the break to trade back to week-ago levels.  The ten-year yield climbed to 2.563% to end the week versus 2.56% the week prior.  Oil futures (/CL) edged up 0.2% on Thursday to settle at $64.00 a barrel, it seventh weekly gain in a row as the U.S. seeks to end any exception to the Iranian oil embargo.  Haliburton (Hal) is up 3.0% this morning after the company released earnings and showed profits more than tripled in the first quarter.  As of this writing, U.S. crude oil futures (/CL) are trading up over 2.0% near $64.50 a barrel.

 

It’s going to be the busiest week of earnings to date, with many S&P 500 components releasing their numbers during the course of the week.  Amongst the companies set to report will be Coke (KO) and Twitter (TWTR) tomorrow morning, while industrial heavyweights Boeing (BA), Caterpillar (CAT), tech giants Facebook (FB), Microsoft (MSFT),  Amazon (AMZN) are all slated for later this week. Economic releases will be on a somewhat  slower pace this week, until Jobless Claims will be released on Thursday and advance GDP will be published Friday morning looking for a figure near 2.2%. S&P 500 futures (/ES) are currently indicated 0.2% lower near 2900 just ahead of the opening bell.

 

Major Earnings for the Upcoming Week:

 

Monday:

A.M. – GWW, HAL, KMB

P.M. –  RRC, WHR

 

Tuesday:

A.M.HAS, HOG, KO, LMT, NUE, PG, SHW, TECK, TWTR, UTX, VZ

P.M. – AMTD, EBAY, EW, IRBT, SNAP, TXN

 

Wednesday:

A.M. – ANTM, BA, BIIB, BSX, CAT, GD, GOLD, GT, NOC, NSC, SWK, T, TMUS, TROW

P.M. – AGNC, ALGN, AMD, CMG, CTXS, EFX,FB, FFIV, LRCX, MSFT, NOW, PYPL, TRN, TSLA, V, WYNN, XLNX

 

Thursday:

A.M. – ABBV, ALXN, BAX, BMY, CMCSA, DHI, FCX, HES, HSY, IP, ITW, LUV, MMM, MO, NEM, RCL, RTN, UPS

P.M. – AFL, AIG, AMZN, BIDU, COF, DFS, F, FSLR, GRUB, ILMN, INTC, IQ, JNPR, MAT, NOV, SBUX

 

Friday:

A.M. – AAL, AZN, CL, COG, CVX, GT, LYB, SNE, WY, XOM

P.M. – N/A

 

Economic Releases (4/22-4/26):

 

Monday:

7:30 am CT – Chicago Fed National Activity Index

9:00 am CT – Existing Home Sales

 

Tuesday:

7:55 am CT – Redbook

8:00 am CT – FHFA House Price Index

9:00 am CT – New Home Sales

9:00 am CT – Richmond Fed Manufacturing Index

12:00 pm CT – 2-Yr Note Auction

 

Wednesday:

6:00 am CT – MBA Mortgage Applications

9:00 am CT – State Street Investor Confidence Index

9:30 pm CT – EIA Petroleum Status Report

12:00 pm CT – 5-Yr Note Auction

 

Thursday:

7:30 am CT – Durable Goods Orders

7:30 am CT – Jobless Claims

9:30 am CT – EIA Natural Gas Report

10:00 am CT – Kansas City Fed Manufacturing Index

3:30 pm CT – Fed Balance Sheet

3:30 pm CT Money Supply

 

Friday:

7:30 am CT – GDP

9:00 am CT – Consumer Sentiment

12:00 pm CT – Baker-Hughes Rig Count

 

*Follow us on Twitter @TradeWise

 

*BOLD above indicates important and potential market-moving news and information

 

TradeWise is offering a free trial for 2 trading strategies for 60 days each: Use coupon code marketblog to apply this trial on your current account at www.tradewise.com or contact us at support@tradewise.com

 

Join the other recipients and help provide some feedback on our daily market blog and Weekend Update by sending an e-mail to support@tradewise.com. Your suggestions are important to us in providing the highest quality service.

Showing Week of Apr 15, 2019

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Apr 18, 2019 - Market Blog

4/18/2019

 

Not so healthy…

 

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Equities

Healthcare stocks weighed on the overall market yesterday, despite better than expected Chinese economic data.  Shares of drug companies and insurers have moved lower on fears of tighter regulations, as a bi-partisan push to rein in the industry works its way through Congress.  The S&P Healthcare sector dropped into negative territory for the year after falling 2.9% yesterday.  Apple (AAPL) and Qualcomm (QCOM) rose yesterday after the two companies decided to drop all litigation between the two companies, and agreed to a new licensing agreement.  QCOM surged 12% to $79.08, after gaining 23% on Tuesday.  Streaming giant, Netflix (NFLX) ended down 1.3% after better expected earnings, but came out with weaker projections for the current period.  On the day, the Dow Jones Industrials ($DJI) were down slightly to 26449.54, the Nasdaq Composite (COMP) slipped less than 0.1% to 7996.08, and the S&P 500 (SPX) was 0.2% lower to 2900.45.

 

Credit Markets:

The yield on the 10 year Treasury note ended where they settled  the day before at 2.592%.  Yields had risen to 2.614% overnight after data showed China’s economy grew by 6.4% in the first quarter, but retraced.

 

Commodities:

Oil prices saw a slight decline despite a decline in U.S. inventories.  U.S. crude oil futures (/CL) settled 0.5% lower at $63.76 a barrel.   Copper futures (/HG) rallied 1.3% to its highest level since last summer.

 

Pre-Market:

S&P 500 futures (/ES) are trading cautiously higher after data showed German manufacturing shrank for a fourth straight month, and French manufacturing hit a four year low.  Unemployment claims came in lower than expected at 196,000 versus estimates of 206,000.  Pinterest (PINS) and Zoom (ZM) are set to start trading this morning after their IPOs.   As of this writing, S&P 500 (/ES) futures are 0.2% higher near 2907, and crude oil futures (/CL) are unchanged near $63.90.

 

Major Economic Reports:

7:30 am CT – Jobless Claims

7:30 am CT – Philadelphia Fed Business Outlook Survey

7:30 am CT – Retail Sales

8:45 am CT – PMI Composite FLASH

9:00 am CT – Business Inventories

9:00 am CT – Leading Indicators

9:30 am CT – EIA Natural Gas Report

3:30 pm CT – Fed Balance Sheet

3:30 pm CT Money Supply

 

Notable Earnings:

  

Thursday – 4/18:

A.M.–  AXP, BX, DOV, GPC, HON, KEY, PM, PPG, SLB, SYF, TRV, UNP

P.M. –  ISRGSKX

 

Friday -4/19

Markets Closed, Good Friday

 

*Follow us on Twitter @TradeWise

 

**BOLD above indicates important and potential market-moving news and information

 

TradeWise Advisors is offering a free trial for 2 trading strategies for 60 days each: Use coupon code Marketblog to apply this trial on your current account at www.tradewise.com or contact us at support@tradewise.com

Apr 17, 2019 - Market Blog

4/17/2019

 

Feeling Chip-per

 

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Equities

U.S. Equity futures (/ES) are inching higher once again pre-market as stronger than expected Chinese data validated the world’s 2nd largest  economy growing at 6.4% over the first quarter. The U.S. trade deficit for February just came in at $49.4B vs its $53.8B estimate amid no real progress being shared around any bi-lateral deal to capture an 8 month low. The S&P 500 (SPX) now rests at only 27 points away from all-time highs at 2947 with little interference expected with a visible absence of any negative news. Volatility continues to contract further with the CBOE volatility Index (VIX) slipping back below the 12 handle after nearly touching 11 in Tuesday's session. 

 

Credit Markets:

The yield on the 10 year Treasury bounced near 2.61% overnight as risk-appetites around equities continue to grow stronger. Mortgage applications have ballooned this week with a 14% jump compared to this same time last year. However, increasing rates for a 2nd straight weekly saw refinancing slide by a painful 8% during the same period. 

 

Commodities:

Energy prices are firm near $64.50 a barrel ahead of another weekly crude inventories report. A 1.6 Million barrel surplus is the target which would be the smallest build in nearly a month if realized. Gold Futures (/GC) just hit fresh 2019 lows near $1275 an ounce yesterday off the back of 5 straight losing sessions. There has been little incentive recently to dive into the precious metal with no imminent risk seen anywhere on the periphery. 

 

Pre-Market:

Wholesale inventories are slated to be released just after the open with a 0.4%  expectation which essentially equates to only half the average baseline of the last few weeks. Earnings continue to set the overall tone with a string of good news coming from PepsiCo (PEP) and Morgan Stanley (MS) ahead of the opening bell to discount IBM's snafu last night. Chipmakers are also seeing a new resurgence after a longstanding court battle was settled yesterday which favored Qualcomm (QCOM) in a victory over Apple (AAPL) to push the underlying to a fresh multi-year high.

 

Major Economic Reports:

6:00 am CT –   MBA Mortgage Applications

7:30 am CT –   International Trade

9:00 am CT –   Wholesale Trade

9:30 pm CT –   EIA Petroleum Status Report

11:30 am CT – FOMC Member James Bullard Speaks

11:30 am CT – FOMC Member Patrick Harker Speaks

1:00 pm CT –  Beige Book

 

Notable Earnings:

 

Wednesday – 4/17:

A.M. – ABT, BK, KSU, MS, PEP, USB

P.M. – EFTC, KMI, LVS, TEAM, URI

 

Thursday – 4/18:

A.M.–  AXP, BX, DOV, GPC, HON, KEY, PM, PPG, SLB, SYF, TRV, UNP

P.M. –  ISRGSKX

 

*Follow us on Twitter @TradeWise

 

**BOLD above indicates important and potential market-moving news and information

 

TradeWise Advisors is offering a free trial for 2 trading strategies for 60 days each: Use coupon code Marketblog to apply this trial on your current account at www.tradewise.com or contact us at support@tradewise.com

Apr 16, 2019 - Market Blog

4/16/2019

 

Let the earning season begin…….

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Equities

U.S. stocks fell Monday as a fresh batch of earnings reports sent bank shares sliding.  Goldman Sachs (GS)  led the way, slipping 3.8% after the bank reported that first-quarter profits tumbled, hit by quiet trading and underwriting.  Citigroup (C)  also released earnings, and fell 0.06%, weighed down by  a worse-than-expected slide in revenue.  Meanwhile, airline shares continued to lose ground as analysts weighed the fallout from  grounding Boeing’s 737 MAX jetliners.  American Airlines (AA)  lost 2.4% after the carrier said it would extend flight cancellations through mid-August because of the groundings.  Within that sector, Southwest (LUV) dropped 1.5%, while Boeing (BA) fell 1.1%.  Stocks began the day higher and then lost ground heading into afternoon, with most of the S&P 500’s sector’s trading lower on the day.  The Dow Jones Industrial Average ($DJIA) lost 28 points to close at 26385, while the S&P 500 (SPX) and Nasdaq Composite (COMP) both declined 0.1%.

 

Credit Markets:

U.S. government bond prices inched higher yesterday, as the yield on the 10-year Treasury note (TNX) settled at 2.553%, compared to 2.560% Friday.  The yield initially ticked higher after the Federal Reserve Bank of New York’s monthly survey of manufacturers showed general business conditions picked up more than expected in April.  This marked a rebound in the index, after it fell to a near two-year low in March.

 

Commodities:

Oil prices closed down on the day on concerns that the U.S. and Russia, could increase output and beef up recently tight global supplies.  U.S. crude oil futures (/CL) ended 0.8% lower at $63.40 a barrel.  Prices hit a five-month high of $64.61 last Wednesday, but have closed below $64 per barrel since then.

 

Pre-Market:

U.S. stock futures are looking up in pre-market trading as earnings season begins.  Bank of America (BAC) beat first quarter estimates by 4 cents a share, however revenue came in slightly below forecasts and is trading down 1.0% in pre-market trading.  The health insurer UnitedHealth (UNH) reported better than expected earnings and is trading 3.0% higher,   As of this writing, S&P 500 futures (/ES) are 0.3% higher near 2919,  while U.S. crude oil futures (/CL) are 0.3% higher near $63.70 per barrel. 

 

Major Economic Reports:

7:55 am CT – Redbook

8:15 am CT – Industrial Production

9:00 am CT – Housing Market Index

1:00 am CT – FOMC Member Robert Kaplan Speaks

 

Notable Earnings:

 

Tuesday – 4/16:

A.M.– BAC, BLK, JNJ, UNH

P.M. – CSX, IBM, NFLX, UAL, YUM

 

Wednesday – 4/17:

A.M. – ABT, BK, KSU, MS, PEP, USB

P.M. – EFTC, KMI, LVS, TEAM, URI

 

*Follow us on Twitter @TradeWise

 

**BOLD above indicates important and potential market-moving news and information

 

TradeWise Advisors is offering a free trial for 2 trading strategies for 60 days each: Use coupon code Marketblog to apply this trial on your current account at www.tradewise.com or contact us at support@tradewise.com

Apr 15, 2019 - The Week Ahead

The Week Ahead

 

Positive earnings from two of the largest banks kicked off earnings season and helped send the S&P 500 (SPX) to its third consecutive weekly gain.  JP Morgan Chase (JPM) gained 4.7% to $111.21 after their profit rose 5% on the strength of their consumer bank.  Although Wells Fargo’s (WFC) profit rose for the first quarter, their revenue continued to decline.   Shares of the fourth largest bank, fell 2.6% to $46.49.    Elsewhere,  Chevron (CVX) fell 4.9% after they agreed to buy Anadarko Petroleum (APC) for roughly $33 billion in cash and stock, and Disney (DIS) jumped 12% to a new record after the company updated investors on their new streaming service. On Friday, the Dow Jones Industrial Average ($DJI) gained 1% to 26412.30, the S&P 500 (SPX) rose 0.7% to 2907.41 and the Nasdaq Composite (COMP) added 0.5% to close at 7984.16.

 

The yield on the benchmark 10-year Treasury Note climbed to 2.560% from 2.502% on Thursday.  The yield rose after better than expected Chinese economic data reduced the demand for safer assets.  Oil futures (/CL) notched their sixth consecutive week of gains. Crude oil futures (/CL) gained 1.0%  on Friday, to close at $63.89 per barrel.

 

Earnings season will begin to pick up speed this week, with Johnson & Johnson (JNJ) and Netflix (NFLX) reporting tomorrow, and Morgan Stanley (MS) Pepsi (PEP) and American Express (AXP) reporting results later in the week on a holiday shortened week.  Economic releases will be somewhat light , until later this week when Jobless Claims and Retail Sales are reported on Thursday morning.  Goldman Sachs (GS)  is trading down nearly 2.0% this morning after the company released earnings and showed a 21% drop in profit on slowing trading activity.  As of this writing, U.S. crude oil futures (/CL) are  0.6% lower, near $63.45 per barrel and S&P futures (/ES) are unchanged  near 2913.

 

Major Earnings for the Upcoming Week:

Monday:

A.M. – C, GS

P.M. –  N/A

Tuesday:

A.M.– BAC, BLK, JNJ, SCHW, UNH

P.M. – CSX, IBM, NFLX, UAL, YUM

Wednesday:

A.M. – ABT, BK, KSU, MS, PEP, USB

P.M. – EFTC, KMI, LVS, TEAM, URI

Thursday:

A.M. – AXP, BX, DOV, GPC, HON, KEY, PM, PPG, SLB, SYF, TRV, UNP

P.M. – ISRG, SKX

Friday:

Markets Closed Good Friday

 

Economic Releases (4/15-4/18):

 

Monday:

7:30 am CT – Empire State Mfg. Survey

7:30 am CT – FOMC Member Charles Evans Speaks

3:00 pm CT – Treasury International Capital

 

Tuesday:

7:55 am CT – Redbook

8:15 am CT – Industrial Production

9:00 am CT – Housing Market Index

1:00 am CT – FOMC Member Robert Kaplan Speaks

 

Wednesday:

6:00 am CT –   MBA Mortgage Applications

7:30 am CT –   International Trade

9:00 am CT –   Wholesale Trade

9:30 pm CT –   EIA Petroleum Status Report

11:30 am CT – FOMC Member James Bullard Speaks

11:30 am CT – FOMC Member Patrick Harker Speaks

1:00 pm CT –  Beige Book

 

Thursday:

7:30 am CT – Jobless Claims

7:30 am CT – Philadelphia Fed Business Outlook Survey

7:30 am CT – Retail Sales

8:45 am CT – PMI Composite FLASH

9:00 am CT – Business Inventories

9:00 am CT – Leading Indicators

9:30 am CT – EIA Natural Gas Report

3:30 pm CT – Fed Balance Sheet

3:30 pm CT Money Supply

 

Friday:

7:30 am CT – Housing Starts

 

 

*Follow us on Twitter @TradeWise

 

*BOLD above indicates important and potential market-moving news and information

                                                   

TradeWise is offering a free trial for 2 trading strategies for 60 days each: Use coupon code marketblog to apply this trial on your current account at www.tradewise.com or contact us at support@tradewise.com

 

 

Join the other recipients and help provide some feedback on our daily market blog and Weekend Update by sending an e-mail to support@tradewise.com. Your suggestions are important to us in providing the highest quality service.