Better-than-expected US employment data gave the markets a real boost coming into the open of today's trading session. As the trending momentum continued, it became tricky to spot good entries and not fall prey to chasing a market prior to a retracement.
To see the trades we identified, click on "READ FULL ARTICLE" and watch the video.
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Initially, the overnight index markets were all move higher after a decision by the ECB to lower its lending rates, and got another boost as the US jobless claims came in much lower than expected. As a result, we expected the markets to remain volatile and to continue their trend higher.
To see the trades we identified, click on "READ FULL ARTICLE" and watch the video.
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The global overnight markets were all trading mixed, on light volumes and thin trading, due to the May Day holiday in much of Asia and Europe. Just before the US open, ADP employment numbers came in worse than expected, and this set a negative tone for the trading session.
To see the trades we identified, click on "READ FULL ARTICLE" and watch the video.
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Worrisome euro zone economic reports had the overnight markets moving in mixed fashion coming into the the open of the U.S. trading session. Then shortly after the open, the Chicago PMI data came in much worse than expected, and sent the markets into a bit of a tailspin.
To see the trades we identified, click on "READ FULL ARTICLE" and watch the video.
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A successful Italian bond auction, combined with inline U.S. personal spending and income data, helped the overnight markets move higher into the open of today's trading session. Better-than-expected U.S. home sales data gave a further boost to the markets shortly after the markets opened, and helped keep the rally alive.
To see the trades we identified, click on "READ FULL ARTICLE" and watch the video.
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Worse-than-expected U.S. first quarter GDP reporting deflated the overnight markets going into this morning's trading session. Revised consumer sentiment data released shortly after the open was a pleasant surprise and gave investor sentiment a brief lift.
To see the trades we identified, click on "READ FULL ARTICLE" and watch the video.
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Positive U.S. corporate earnings helped drive the markets higher, despite headwinds from Europe after Spain posted its highest ever unemployment rate at 27.2%. As a result, we expected the market to continue trending, as there was little in the way of scheduled news or events on the economic calendar to stop the momentum.
To see the trades we identified, click on "READ FULL ARTICLE" and watch the video.
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Disappointing German Business Sentiment, and worse-than-expected U.S. Durable Goods Orders, conspired to have the global markets moving lower into the open of today's trading session. With only a Crude Oil Inventory report on the economic calendar, we knew there would be little to move the markets and expected range-bound trading conditions.
To see the trades we identified, click on "READ FULL ARTICLE" and watch the video.
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Worse-than-expected PMI data out of China and Germany threatened to have the markets open lower coming into the open of today's trading session. However, upbeat U.S. corporate earnings results, and improving new home sales data, stabilized the markets and turned things around.
To see the trades we identified, click on "READ FULL ARTICLE" and watch the video.
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While the weakening Japanese yen helped the Asian markets close up, European markets were also moving higher after six ballots finally decided the Italian presidential election. As a result, we expected the trend to continue, but lower-than-expected existing home sales put a crimp in early sentiment, and threatened to cap any prolonged rally.
To see the trades we identified, click on "READ FULL ARTICLE" and watch the video.
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