01/18/2018 ES Trade Plan Worksheet

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Jan 182018

US stocks indexes once again closed at record highs yesterday, a complete erasure of Tuesday’s selloff.  The new US Tax law is starting to show some dividends.  Apple announced plans to repatriate a portion of its overseas cash.  The move creates a one-time US tax bill of $38B and an announcement to pump $350B into the US economy over 5 years through updating their company sites, investing in a new campus powered by green energy, hiring 20,000 US employees, initiating a stock buyback program and increasing dividend.  Market focus remains on corporate earnings.  AXP, BBT, BK, KEY, and MS are on deck today.  The economic calendar includes Housing Starts, Philly Fed, and Claims @ 8:30am EST. and Oil @ 11:00am EST.  After yesterday’s big move, volatility may take a rest today.  However, as written on Tuesday, if the 2810s are cleared, the bulls may run.  Size bias is short into the 8:30am numbers on relatively lighter overnight volume.


 Posted by at 6:56 am

01/17/2018 ES Trade Plan Worksheet

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Jan 172018

The US east coast is being hit by another round of wintery weather.  Mixed words between the US and North Korea created a range expansion bearish move yesterday.  The ES is rebounding, and focus remains on corporate earnings.  GE and Ford are tumbling this morning.  GE’s CEO hinted of breaking the company into smaller companies and Ford expects lower profits in 2018.  Ford also said it would expand its line of electrified vehicles to 40 models, including 16 full electric vehicles by 2022.  Meanwhile, Infiniti announced they would go 100% electric vehicles by 2021.  Today’s earnings include the big banks GS, BAC, and USB.  The economic calendar focus is Industrial Production @ 9:15am EST, and the Fed’s Beige Book @ 2:00pm EST.  Volatility has loosened up because of yesterday’s drop.  Today’s volatility will depend on reactions to corporate earnings.  Size bias is long into the US session open.


 Posted by at 7:48 am

01/25/2018 Martin Luther King Day

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Jan 152018

US Stock markets are closed today for the Martin Luther King Federal holiday.  DTG will resume posting tomorrow.  Do something, enjoy the day away from the markets!

 Posted by at 6:07 am