Tag Archive for 'GDP'

A nothing kind of week?

Published on May 2, 2012, 11:08 pm in Opinions and Trading. Closed Tags: , , , .

Monday morning started off with not so great reports…Personal Income and Spending was a dud, as was Canada’s GDP, and Chicago PMI was soft, below expectations, but still expanding. Tuesday we had some relief with good ISM numbers. although the markets had a good run up during the morning, it was all given back by the close. Wednesday gave us a disappointing ADP employment number, which quickly pulled down the market. The rest of the day was just a narrow range nothing day! Now we do nothing until Friday’s Employment Report. Oh well, we don’t want to mess up this low volume, nothing kind of week, do we?

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A wimpy month close

Published on April 30, 2012, 10:25 pm in Opinions and Trading. Closed Tags: , .

Monday morning started off with not so great reports…Personal Income and Spending was a dud, as was Canada’s GDP, and Chicago PMI was soft, below expectations, but still expanding.

So here we are…May…have you started your Christmas shoppimg yet? :D

Acording to the Stock Trader’s Almanac, the first trading day in May has the Dow up 11 of the last 14 years. So history has us looking for an up day on Tuesday. We have a few reports in the morning…Motor Vehicle Sales, ISM Manufacturing Index and Construction Spending. Plus, many of the Feds are speaking on Tuesday. The big one, Non-Farm Payroll is Friday…previewed by the ADP on Wednesday. Let’s go for a rollercoaster ride!