Posts by Rod David
Look ahead: Economic Calendar – for Wed Jan 28 2015
A midday look ahead in preparation for economic reports and events scheduled for the next trading day.
Highlights: Wednesday morning”s sparse calendar is a stark contrast to Tuesday”s staggered news. It”s also in contrast to Wednesday afternoon”s calendar, which has only one item, and it”s a biggie…
MBA Purchase Applications
7:00 AM ET
EIA Petroleum Status Report
10:30 AM ET
5-Yr Note Auction
1:00 PM ET
**FOMC Meeting Announcement
2:00 PM ET
Afternoon bias
| TUE afternoon signal (triggered at 1:20 ET) | SPX | ES |
| Bias-up: above | 2033.75 | 2027.00 |
| …would target | 2038.75 | 2032.25 |
| Bias-down: under | 2022.75 | 2016.25 |
| …would target | 2017.75 | 2011.00 |
| Signal status: BIAS-UP, BIAS-UP TARGET MET | FAQ | |
| INTRO VIDEOS #1 and #2 | ||
1. At 1:20, trading above the bias-up signal or under the bias-down signal would put into play a test of its bias-up or bias-down target.
2. Not triggering either bias signal at 1:20 would be “no-bias,” and the bias signals should define the bias environment”s range.
— A test of the opposite bias signal would be targeted if one bias signal was tested before triggering no-bias.
3. Touching the bias signal within 3 minutes either way of 1:20 would invoke a grace period through 1:30 to trigger a late signal.
— “Late” signals don”t require testing the opposite bias signal, but it”s still likely.
4. Still testing the bias signal at 1:30 after invoking the grace period would trigger “noN-bias,” with no bias influence.
I see a lot of
I see a lot of chart analysis requests for today”s Livestox, which we”ll begin at 12:15pm ET — Keep adding time-sensitive requests to the previous thread, there”s plenty of time…
Login info: (iPads and Tablets use the accompanying teleconference info to get audio.)
https://roddavid10.mitel-nhwc.com/join/pcxsrhm
optional teleconference instructions (required for iPad and tablets):
1-605-562-0020
Meeting ID 976-912-682 #
Other requirements can be found here:
http://marketfy.com/product/stock-technical-trade-alerts/blog/1143/view/60141/
Post-open review
This is going to leave a mark.
The overnight drop blew through its 2044.00 likely objective to test the room for noise under it down to 2041.00. That extra blip (actually, to 2040.00) as in reaction to earnings misses. Its reaction up consolidated, but GDP didn”t help.
Eventually, Sunday night”s 2025.25 low was being retested, too. That”s a long way off from yesterday”s 2055.00 post-close high.
2055.00 was already a long way off from Sunday night”s 2025.25 low. But the return developed faster. And now also deeper, with 2013.25 tested, and potential to 2008.00.
The open”s 2021.50-2029.75 range didn”t break lower until AT 10:30. Its break is still credible, but its potential to 2008.00 or to any fresh low would be invalidated by recovering enough of the open”s range as the bias environment begins lapsing at 11:30.
In fact, the bounce from 2013.25 is attacking the opening range”s 2121.50 lower-end. Delaying its rejection could gain traction above 2024.50 and 2026.25 to reverse momentum higher through the afternoon.
Otherwise, back under 2016.50 would resume the decline, with next support at 2011.00, and targeting at least 2008.00.
Good(?) morning! We”re doing a
Good(?) morning!
We”re doing a Livestox during today”s noon hour at 12:15pm ET. I”ll post/send instructions before then. Meanwhile, make any time-sensitive stock analysis requests in this post”s thread…