Category Archives: Blog

Classical Friday

30 minute atr

240 minute atr

daily pivots

weekly pivots

upside retracements

downside retracements

regression channels

support and resistance
On the economic calendar:-
08:30 GDP (Consensus 3.2% v Prior 5.0%)
          Employment Cost Index (Consensus 0.5% v Prior 0.7%)
09:45 Chicago PMI (Consensus 57.7 v Prior 58.3)
10:00 Consumer Spending (Consensus 98.2 v Prior 98.2)
15:00 Farm Prices
Speaking today:-
12:45 Daniel Tarullo
19:00 James Bullard

SP

After shooting well through the downside objective on the daily pattern yesterday--- Today's high is the exact Hooper sell point on the Weekly pattern.

It id interesting that for all the back and forth--the SP future has been moving sideways in a broad pattern since November. Tops tend to be long drawn out affairs. A sideways move from a lower level, and a narrower range is not uncommon during a monetary policy adjustment (hard to call it a tightening) like the Fed is outlining.

Classical Thursday

30 minute atr
240 minute atr
daily pivots
weekly pivots
upside extensions
downside retracements
regression channels
support and resistance
On the economic calendar:-
08:30 Jobless Claims (Consensus 300 K v Prior 307 K)
09:45 Bloomberg Consumer Comfort Index
10:00 Pending Home Sales (Consensus 0.9% v Prior 0.8%)
10:30 EIA Natural Gas Report
11:00 3 Month Bill Announcement
          6 Month Bill Announcement
          52 Week Bill Announcement
11:30 5 Year Note Auction
13:00 7 Year Note Auction
16:30 Fed Balance Sheet
          Money Supply
Speaking today:-
13:00 Jerome Powell

Classical Wednesday

30 minute atr

240 minute atr

daily pivots

weekly pivots

upside retracements

downside retracements

regression channels

support and resistance
On the economic calendar:-
07:00 MBA Purchase Applications
10:30 EIA Petroleum Status Report
11:30 2 Year FRN Note Auction
13:00 2 Year Note Auction
14:00 FOMC Meeting Announcement (Consensus 0 to 0.25% v Prior 0 to 0.25%)

Classical Tuesday

30 minute atr

240 minute atr

daily pivots

weekly pivots

upside retracements

downside retracements

regression channels

support and resistance
On the economic calendar:-
08:30 Durable Goods Orders (Consensus 0.7% v Prior -0.7%)
08:55 Redbook
09:00 Case-Shiller HPI (Consensus 0.6% v Prior 0.8%)
09:45 PMI Services Flash (Consensus 53.8 v Prior 53.6)
10:00 New Home Sales (Consensus 452 K v Prior 438 K)
          Consumer Confidence (Consensus 96.0 v Prior 92.6)
          Richmond Fed Manufacturing Index (Consensus 5.5 v Prior 7.0)
          State Street Investor Confidence Index

 

Classical Monday

30 minute atr

240 minute atr

daily pivots

weekly pivots

upside retracements

downside retracements

regression channels

support and resistance
On the economic calendar:-
09:45 PMI Services Flash (Consensus 53.8 v Prior 53.6)
10:30 Dallas Fed Manufacturing Survey (Consensus 4.0 v Prior 4.1)
11:00 4 Week Bill Announcement
11:30 3 Month Bill Auction
          6 Month Bill Auction