Archive

Wk46: Market Forecast

November 16, 2009
Tim Racette
Forecast

In the week ahead look for these news announcements to act as potential market movers…• Mon: Retail Sales 8:30 AM ET• Tues: Producer Price Index 8:30 AM ET• Tues: Treasury International Capital 9:00 AM ET• Tues: Industrial Production 9:15 AM ET• Tues: Housing Market Index 1:00 PM ET• Weds: Consumer Price Index 8:30 AM• Weds: Housing Starts 8:30 AM ET• Weds: EIA Petroleum Status Report 10:30 AM ET• Thurs: Jobless Claims 8:30 AM ET• Thurs: EIA Natural Gas Report 10:30…

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Wk45: Market Forecast

November 9, 2009
Tim Racette
Forecast

In the week ahead look for these news announcements to act as potential market movers… · Weds: Veteran’s Day. Stock and Futures Markets open · Thurs: Jobless Claims 8:30 AM ET · Thurs: EIA Petroleum Status Report 11:00 AM ET · Thurs: Treasury Budget 2:00 PM ET · Fri: International Trade 8:30 AM ET · Fri: Consumer Sentiment 9:55 AM ET · Fri: EIA Natural Gas Report 10:30 AM ET A lighter economic news week ahead. Keep an eye out…

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Live Trading Pit Noise with Ben Lichtenstein

November 2, 2009
Tim Racette
Live Trading

Audio from the trading pit may sound like random noise, but for those who’ve taken the time to absorb what is going on it can be very useful for screen traders. Ben Lichtenstein stands just outside the S&P500 pit and calls out what is happening during the cash session from 8:30AM CST to 3:15 PM CST. (This services is free if you have a funded account on the thinkorswim platform). Click here to open a TDAmeritrade account and get thinkorswim® charts, my…

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Oct09 Recap

November 2, 2009
Tim Racette
Monthly Recap

October produced the first monthly bearish candlestick we have seen in four months. The Dow closed flat on the month while the Russell took it on the chin as the worst performer of the top line figures and the only top line figure to not make a new monthly high. The NASDAQ was the second worst performer of the top line figures with mixed quarterly earnings from its four horsemen AAPL, AMZN, GOOG, and RIMM. AMZN remains the strongest of…

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Wk43: Market Recap

November 2, 2009
Tim Racette
Recap

Hello bears. Well, let’s not speak too soon. We remain in an uptrend as long as we continue to make higher highs and higher lows; therefore a break of $1020 on the S&P500 would be the technical pivot to break our uptrend. While we remain reactive rather than try and predict market moves, last week’s actions certainly had a bearish flair to it. As the old saying goes, “When the VIX is low look out below.” The VIX rallied off…

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Wk44: Market Forecast

November 2, 2009
Tim Racette
Forecast

In the week ahead look for these news announcements to act as potential market movers…• Mon: ISM Manufacturing Index 10:00 AM ET• Mon: Pending Home Sales Index 10:00 AM ET• Tues: Motor Vehicle Sales • Weds: ADP Employment Report 8:15 AM ET• Weds: EIA Petroleum Status Report 10:30 AM ET• Weds: FOMC Meeting Announcement 2:15 PM ET• Thurs: Jobless Claims 8:30 AM ET• Thurs: Productivity and Costs 8:30 AM ET• Thurs: EIA Natural Gas Report 10:30 AM ET• Fri: Employment…

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