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trade talks erase Brexit concerns… go figure

»Posted by on Dec 11, 2018 in Announcements, Shop Talk, Uncategorized | 0 comments

trade talks erase Brexit concerns… go figure

Yesterday it was a delay on the Brexit vote. Today optimism on China trade talks. Want to go for a ride? The NFIB Small Business Optimism Index has a read of 104.8 below the forecasted 107 and off the 107.4 previously posted. Headline Producer Price for November was one tenth higher at 0.1% while it was expected to be unchanged. Ex- food and energy came in at 0.3% or the top of the range yet under the previous 0.5% Redbook this week saw a bit of a decline in Y/Y store sales. This may not be well received in front of the holidays. 6.6% was the change vs. the previous reading of 7.0% Tomorrow we will see what hints the housing market can give us with MBA Mortgage Applications as well as the Consumer Price Index...

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whoa! what a week

»Posted by on Dec 7, 2018 in Announcements, Shop Talk, Uncategorized | 0 comments

whoa! what a week

  Check this out! The ROXI Managed Topstep Trader Service hit a new net high today once again since the September launch. ROXI’s k.i.s.s caught the downward trend right out of the gate, never seeing a down tick in profitability. Due to that our traders enjoyed an early start to their weekend having achieved the full daily profit target exceeding $400.00 per contract. To be precise a gain of $483.80 net of commissions. Congratulations to all of you! If you are still new to Fractal Finance see what has been happening and subscribe at the Roxi Managed TST Service https://fractalfinance.com/roxi-2/tell-me-more-about-roxi-2/ Or see how you can further diversify your strategies by looking into Fractal Finance which includes MultiCharts at a significant...

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say what?

»Posted by on Dec 7, 2018 in Announcements, Shop Talk, Uncategorized | 0 comments

say what?

Here is what we know so far from the releases and news so far today as the week comes to a close. The U.S. unemployment rate remains unchanged at 3.7 while posting 155,000 non-farm payroll jobs. This was the low end of a wide range being 150k to 220k. and well below he revised 237k of last month. Payroll growth seemed a bit favorable with modest wage pressure indicating some growth with no real hint of inflation. That is kind of a mixed report in my opinion. Retailers should be pleased with the strength of current Consumer Sentiment unchanged at 97.5 as we move headlong into this holiday shopping season. Again there are no real signs in this report of any material inflation. Wholesale inventories climbed to 0.8% above the range of 0.4% to 0.7% offering that a...

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news ignored

»Posted by on Dec 4, 2018 in Announcements, Shop Talk, Uncategorized | 0 comments

news ignored

  Well I’ll admit it… I was wrong. I thought that nothing of substance would come of G20 other than the usual rhetoric. (We are (or not) making strides on our trade blah blah blah) Instead the news is that now we have another 90 days of uncertainty to look forward to. Just think 3 more months to trade on “well… we’ll see.” In any event here is what went on today but barely talked about. PMI Manufacturing: 55.3 still strong yet under the previous 55.7 Construction Spending: An area under stress fell 0.1 when the consensus was looking for +0.3 ISM Manufacturing Index: Certainly a bright spot in today’s releases with a robust 59.3 vs. the consensus of 57.2 Global Manufacturing Index: Pretty much a snoozer as it posted 52.0 Sharply unchanged...

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our patriots serve beyond party boundaries

»Posted by on Dec 3, 2018 in Announcements, Shop Talk, Uncategorized | 0 comments

our patriots serve beyond party boundaries

When any patriot that has championed the freedom of all has gone to a higher place I am compelled to say God Bless you and yours now and always. Rest well Mr. President. Thank you for your undying service. 9:45 AM EST: PMI Manufacturing Index is expected to be 55.4 a bit off of the previous 55.7 10:00 AM EST: Construction Spending guesstimates range fro m 0.2% to 0.6% and averages out to 0.4% 10:00 AM EST: ISM Manufacturing is being ranked as 572 when it previously stood strong at 57.7  

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will they play well together

»Posted by on Nov 30, 2018 in Announcements, Shop Talk, Uncategorized | 0 comments

will they play well together

  At 8:00 PM CT Thursday markets are, as expected, pretty quiet as traders just even things up in front of G20. There will be no doubt some kind of knee jerk reactions if anything material leaks out regarding China Trade Talks. Media will be competing to post the “Latest Breaking News” even if it isn’t verified so be cautious. I think it is likely that you’ll hear “we’re making progress with China” and no substantial detail will be conveyed regarding a deal being struck. That in itself will have them selling a nothing story enthusiastically. Stay safe and trade solid fundamentals and not the “you heard it here first” game. If you have to trade maybe scalp around straddles but personally I would save my bullets. It’s the last business...

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