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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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a whole bunch of stuff going on wednesday

»Posted by on Nov 28, 2018 in Announcements, Shop Talk, Uncategorized | 0 comments

a whole bunch of stuff going on wednesday

Let’s see… where should we start? MBA Mortgage Apps 7:00 AM EST Corporate Profits 8:30 AM EST International Trade 8:30 AM EST (Expected to widen to -76.9% from a revised -76.3) Q3 GDP Estimates 8:30 AM EST (Expected to be unchanged at 3.5% from the first reading) Richmond Fed Manufacturing Index 10:00 AM EST (Also Expected to be unchanged at 15) State Street Investor Confidence 10:00 AM EST New Home Sales 10:00 AM EST (Expected to jump to 575,000 from a weak 553,000 previously) EIA Petroleum Status Report 10:30 AM EST At Noon EST all will focus on Chairman Powell’s speech (I posed an opinion some time back that maybe the Fed should hold off in 2019 for a bit and let the 2018 hikes work their way deeper into the economy. That opinion hasn’t changed...

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don’t you love cyber monday

»Posted by on Nov 26, 2018 in Announcements, Shop Talk, Uncategorized | 0 comments

don’t you love cyber monday

  Look what Cyber Savings are being offered. Take advantage of cyber savings. Through Quant Trade’s affiliation with Topstep Trader it is possible for you to have a fully funded prop account at a discount right now along with a k.i.s.s. (Keep It Simple System) You can pick your market, run optimizations, do a backtest, and start trading. Get started...

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