need to be cognizant of couple of reports. US:EIA Petroleum Status Report 10:30 AM ET US:FOMC Minutes 2:00 PM ET
Overnight session, market has been selling off, and very likely it will open gap down. Then, it will probably rally to close gap before selling off.
During overnight session market made a high and sold off. It might test overnight session high before any direction. US:Factory Orders report is due at 10:00 AM ET, which could impact the direction of the market.
Market has been trading within a range for last couple of days. However, the volume has been relatively low; even though, we closed positive .
Yesterday's RTH trading pattern was opposite of Tuesday's. Market has been sideways during overnight session. I suppose, we might see a test of overnight session high before any sell off. Since there is no significant economic news today during RTH, it might end up being a range day.
Market sold off 50% of its range during last 30 minutes of yesterday's RTH which is not good for bulls. However, market did rally during overnight session. Perhaps market will test overnight high before deciding on direction. Keep in mind that US:ADP Employment Report released this morning was below consensus. Following reports which could impact the market are...
Since yesterday's high, market has been trading sideways during overnight session. Durable goods report was worse than consensus.
Market has rallied during overnight session. Therefore, it will open gap up. It will probably come down and test 50 MA and maybe 200 MA before any rally. There are few economic reports due which could move the market as follows: US :PMI Manufacturing Index at 9:45 AM ET US:Business Inventories 10:00 AM ET US:ISM Mfg Index 10:00 AM ET US:Construction Spending...
Market is going open gap up. Yesterday bulls were very strong. Can they continue this rally or there will be sell off later on today. US:New Home Sales and US:Consumer Sentiment both reports are due at 10 am EST.
Yesterday market sold off very aggressively. Later in the afternoon, market rallied but got rejected at IB low of the day, which could be problematic for today. At 10 am EST there is very important report of United States : Pending Home Sales Index.
Yesterday market tried to rally then sold off and closed off the highs. Currently, market is trading around yesterday's close which is not a good sign for Bulls. United States : EIA Petroleum Status Report comes out around 10:30 am EST. It can help determine the direction of inflation. In the U.S., consumer prices stabilizes whenever oil prices have fallen, but...
Yesterday market closed positive for the day. Even though market sold off overnight, but it started to rally this morning. It seems market will open gap up, will it close the gap and rally or vice versa. Time will tell. US consumer confidence report is due at 10 am EST.
After Fridays sell off, it seems that market might rally; if overnight trading is any indication.
Yesterday was a roller coaster day. Market tested both weekly low and high in one session. Today will it break out of weekly high or low ?
Market sold off yesterday afternoon session. Overnight market took out this week's low. It might be good idea to keep an eye on last week's daily lows for support.
After yesterday's sell off, market has rallied overnight to 200 DMA. Since it is trading between 200 DMA and 50 DMA, I suppose it will stay within that range until FOMC meeting announcement at 2 pm EST.
Even though, market closed up yesterday but it was within a range. Overnight session was same except market started to rally in the morning. It would be a good idea to keep an eye on 200 ma. Couple of reports to be released today that are important since two-third of our GDP is based on consumer spending. 1)US Redbook which compares retail sales at 8:55 am ET 2)...
Overnight session, market tried to breakout Friday's high and got rejected. Question is will the market test the overnight low before deciding on direction.