NJ

11/21/2017 ES Trade Plan Worksheet

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Nov 212017
 

Corporate earnings keep beating expectations with Lowe’s and Urban Outfitters up pre-market.  On deck today are CPB, DLTR, HPQ, and CRM.  The economic calendar is again light this shortened holiday week with only Existing Home Sales @ 10:00am EST.  The traditional bullish Thanksgiving week appears to be playing out.  Fed Chair Janet Yellen tendered her resignation yesterday, saying she would step down when the new chairman is sworn in.  This is a holiday week, expect volume to be lighter and volatility to shrink as the day wears on.  Size bias is long into the US session open.

 

 Posted by at 7:12 am

11/20/2017 ES Trade Plan Worksheet

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Nov 202017
 

This is a shortened holiday week with the CME closed Thursday for US Thanksgiving and open the morning only on Black Friday.  Traditionally the week has a bullish bias.  Expect volume to be lower and volatility to be muted as the week wears on unless there’s some fundamental news changing trader expectations.  A US tax bill before Christmas remains in focus as worries that a compromise between the House and Senate bills will not be reached in time.  Today’s economic calendar is very light; only the usually non-market moving CB Leading Index @ 10:00am.  Earnings include A, HPE, INTU, PANW, and URBN.  Size bias is leaning short into the US session open.

 

 Posted by at 7:03 am