Their was a rise in the consumer sector from income growth in March. Prior Consensus Consensus Range Actual Personal Income – M/M change 0.3 % 0.4 % 0.2 % to 0.5 % 0.5 % Consumer Spending – M/M change 0.7 % 0.5 % 0.1 % to 0.7 % 0.6 % Core PCE price index – M/M change 0.2 % 0.1 % 0.1 % to 0.3 % 0.1 % *Personal income is defined as the… read more
Tag Archives: Futures Trading
Employment Cost Index for April 29, 2011 – Futures Trading Brokerage Firm, Brokerage Firm, Futures Trading, Commodity Trading, Commodity Futures Trading, Swing Trading, Economic News
Prior Actual ECI – Q/Q change 0.4 % 0.6 % ECI – Y/Y change 2.0 % 2.0 % The employment cost index measured total compensation costs which include wages and salaries and also benefits. Benefits include vacations, but the primary mover is health insurance premiums. * Measures the total amount of compensation cost; including wages,… read more
Economic Calendar for Tomorrow April 29, 2011 – Trading, Futures Trading, Economic News, Commodities, Commodity trading, Commodity Futures trading, Futures Options
Traders should be prepare Personal Income and Outlays 8:30 AM ET Employment Cost Index 8:30 AM ET Chicago PMI 9:45 AM ET Consumer Sentiment 9:55 AM ET Ben Bernanke Speaks 12:30 PM ET Farm Prices 3:00 PM ET… read more
Swing Trading Strategies – Possible short-term bottom in June Lean Hogs. [chart]
TMV Swing Trade Report – Short from 99.92 – current price 96.05 – Lean Hogs traded below the low of Wednesday’s reversal date low, but have begun to form a peg-leg formation on the 60-minute chart. This could signal the beginning of a corrective bounce into the next reversal date due on May 3, 2011.… read more
Pending Home Sales Index April 28,2011 – Futures Trading, Trading, Trading News
Pending home sales rose 5.1% in March. Prior Actual Pending Home Sales Index – Level 90.8 94.1 Pending Home Sales Index – M/M 2.1 % 5.1 % … read more
Swing Trading Strategies – Long S&P hits target objective before turning lower. [chart]
TMV Swing Trading Report – Long June S&P (e-mini) @ 1338.75 – Hit the Target! – The long position reached the 1354.75 target objective at the same time it reached the projected reversal bar and downward sloping reaction line. The long position was closed at 1354.75 only minutes before the market peaked at 1356.25 and… read more
First (1st) Quarter GDP April 28, 2011 – Economic News, Trading news, Futures Trading, Commodity Trading, Futures Trading News
First Quarter GDP showed to be on 1.8% annualized pace; this comes after a 3.1% 4th quarter last year. The expectation for the first quarter was a median projection of 2.0%. Obviously, this is was a disappointing number. Prior Consensus Consensus Range Actual Real GDP – Q/Q change – SAAR 3.1 % 2.0 % 1.5 % to 3.0 % 1.8 % GDP price… read more
Jobless Claims,Futures Trading, Trading News, Futures Trading News, Commodity Trading News
Initial claims jumped 25,000 in the April 23 week to 429,000 above expectations (prior week revised 1,000 higher to 404,000). The Labor Department said layoffs in the auto sector were isolated and not a major factor. The four-week average rose a steep 9,250 to 408,500 and is nearly 15,000 above the month-ago level.… read more
Swing Trading Strategies – Long Eurocurrency hits target objective! [chart]
TMV Swing Trade Report – Long June Eurocurrency @ 1.4651 – Hit the Target! – The euro pushed higher overnight and reached the target objective to close the long position at 1.4775 big gain! The long-term chart shows the market traded to a high of 1.4864 and tested the overhead ascending median line. This line… read more
Economic Calendar for April 28, 2011 – Futures Trading, Trading News, Futures Trading News, Commodity Trading News
GDP 8:30 AM ET Jobless Claims 8:30 AM ET Elizabeth Duke Speaks 8:30 AM ET Pending Home Sales Index 10:00 AM ET EIA Natural Gas Report 10:30 AM ET 3-Month Bill Announcement 11:00 AM ET 6-Month Bill Announcement 11:00 AM ET 52-Week Bill Announcement 11:00 AM ET Dennis Lockhart Speaks 12:40 PM ET 7-Yr Note Auction 1:00 PM ET Fed Balance Sheet 4:30 PM ET Money… read more