Dashboard – June 6 – 10, 2016

 

 

 

 

 

SELECTIONS

MONDAY:   All ears will be on Janet Yellen today as she tries to dance around Friday’s abysmal Employment Situation Report without scaring anyone. The rest of the week has little of interest as the FOMC meets the following week, but it looks like a rate hike will be off the table at that meeting

TUESDAY:   The market seemed to like Yellen’s hedging yesterday and the feeling is continuing as the morning’s futures are unfolding. Undoubtedly, traders still prefer the idea of a gift from the FOMC rather than an economy that’s actually humming along

WEDNESDAY:  Markets gave up some of Monday’s Yellen inspired confusing optimism near the end of the day. This morning’s futures look flat, but standing 1% below all time highs, that’s not a bad place to be for any kind of big move. Guessing the direction is the tricky part, though.

THURSDAY:  With 3 straight days of gains now leaving us less than 1% from S&P 500 highs, today may be a day of rest ahead of next week’s FOMC and no other real news between now and then.

FRIDAY:.  Yesterday ending the 3 day gaining streak and it looks as if that decline may accelerate to close the week, as oil again takes center stage and is sharply lower

 

 

 



 

                                                                                                                                           

Today's TradesCash-o-Meter

 

 

 





 “SNEAK PEEK AT NEXT WEEK” APPEARS ON FRIDAYS

Sneak PeekPie Chart Distribution

 

 

 

 

 

 

 

Weekly Summary

  

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