Wishing everyone a nice, long weekend. Modified trading schedule for Memorial Day weekend HERE. Levels for Friday, May 26th below:
Trading levels for Wednesday, May 31st below. Full blog along with webinar invite HERE ( Liquidity, MBO, foot prints, heat map and more!)
The US is in a period of high economic uncertainty. Over the coming days, we are expecting potential increased volatility across markets as the US government vote on the US debt ceiling deal by Wednesday evening (US Eastern Time). Days to consider •May 31: US House to vote •May 31 or later: US Senate consideration •June 5: Projected the "X-date" for default Many reports are due tomorrow, the first trading day of the month/ June. Make sure to check out the reports section. Also keep in mind that due to Memorial weekend we just observed, crude oil numbers will be out tomorrow at 11 AM eastern.
Levels for NFP Friday and more on our blog at https://www.e-futures.com/blog/nfp-tomorrow-do-you-have-a-trading-plan-levels-for-june-2nd/
Choppy Trading Week ahead in equities? By John Thorpe, Senior Broker There will be few government reports released this week that will have much of an impact on equity prices. This past Saturday we have entered the FOMC Blackout period which will last through the next FOMC Rate decision on Wednesday, June 14th and conclude at midnight on June 15th. Since there is no significant data, we are certain Fed Policy makers will have been able to breathe a bit easier after the debt limit breach was averted. Next week is going to be considerably different. Why? the Consumer Price Index will be released a day prior to the FED rate decision and may have an 11th hour impact on the policy makers decision to raise or stay firm at current short term fed fund rate. According to the CME's FedWatch tool, the prospect for rate changes has been anything but sanguine. May 5th there was only an 8.5% chance of another .25 increase and as recently as a week ago there was an over 60% chance and as of todays date the tool is projecting less that a 22% increase by .25 to the .0525-.0550 area. . . As I said about CPI at the moment the market is pricing in no change but a CPI figure reversing the slow downtrend in current price levels could immediately change the expectations for no change this go round. Understanding expectations will allow you to trade with more confidence when there is a sudden change in policy directives!
Trading levels for June 7th below. Please register for VolSys Order Flow, Foot Prints & More! on Jun 7, 2023 12:01 PM PDT at: https://attendee.gotowebinar.com/register/3653796317657144918
June Live Cattle just traded $179.10 on Monday - a NEW All-Time high on nearby cattle futures prices! Monthly Chart below: Levels for tomorrow, June 8th:
Busy week ahead... PI, PPI, FOMC, Rollover..... Weekly levels below, daily levels for Monday , reports, trading system of the week and more on our weekly newsletter issue # 1149