Category: Dashboard

MONDAY:.While the morning looks as if it will get off to a moderate loss, those losses are cut in half from overnight, as this week has both an FOMC Statement release and GDP numbers to shake things up

TUESDAY:     .Pre-open futures trading are pointing toward a large decline to start the day, possibly breaking a pattern of strong advances on the day before the FOMC STatement is released, as earnings from CAT, MSFT and UTX account for about 80 points of the 200 point drop in DJIA futures.

WEDNESDAY:  .Pre-open futures aren’t showing much of a bounce, but they are a little higher ahead of today’s FOMC Statement, with GDP still to come on Friday.

THURSDAY:   .Two successive really bad days and a very small bounce indicated this morning, as tomorrow’s GDP may loom larger than bormal, although the bond markets aren’t expecting much in the way of things heating up.

FRIDAY:  .Ahead of the GDP report the market is significantly weaker, following yesterday’s strong advance, but the final trading day of the month doesn’t appear to be likely to rescue January’s poorly performing markets







MONDAY: Markets closed in honor of Martin Luther King Day, while Shanghai’s nearly 8% decline doesn’t seem to be getting our own futures trading too nervously in advance of trading tomorrow

TUESDAY:     A short trading week and very little planned news helps to put earnings in spotlight this week. Fortunately, yesterday’s trading in Shanghai, stayed in SHanghai

WEDNESDAY:  Yesterday’s early optimism, with little basis behind it, faded very quickly, but at least the market was able to equilibrate. This morning’s moderate weakness also has little basis to portend the rest of the days’s trading

THURSDAY:   All eyes are on ECB this morning, for an announcement nearly 2 hours before our markets open, with futures slightly higher ahead of the announcement. Yesterday’s strength may have been related to a leak regarding the size of monthly ECB bond buying

FRIDAY:  Early indications point to a quiet day today and no follow through to yesterday’s long anticipated annoiuncement by the ECB







MONDAY: The first trading week of 2015 will be a busy one with both an FOMC Statement and an Employment Situation Report and then wondering whether “The January Effect” will make a comeback after a failed December and disappointing Santa Claus Rally

TUESDAY:     Yesterday’s breach of the $50  seemed to re-couple oil and stocks, but European issues may have weighed on markets, as well. Hopefully, the recent pattern of pre-FOMC Statement release rallies kicks in today.

WEDNESDAY: ADP Report and FOMC today, but still hard to understand reversal from yesterday’s sharp drop, especially in light of failed recovery in final hour and uncertainty contained in key economic events today.

THURSDAY:   Just as yesterday’s early morning advance had no apparent basis, this morning appears to be the same – and then some, but without obvious reason. There’s also no obvious reason to complain, though

FRIDAY:  After two large gains worthy of those typically seen in bear markets, the futures market is resting before today’s Employment Situation Report







MONDAY: It lloks as if a quiet news week will begin in a quiet way, but not doing much to advance the idea of the Santa Claus Rally, as time runs out for that to happen and really rescue December, despite its 1% advance so far this month.

TUESDAY:     If looking for today to spark the Santa Claus Rally yoou may be in for some disappointment. Today looks to be another relatively flat kind of day with no news to change momentum in sight

WEDNESDAY: The final trading day of the year looks as if it going to be just like the previous two of this week and not too likely to offer anything to end the year on a really high note

THURSDAY:    HAPPY NEW YEAR

FRIDAY:  Today is the last chance to get some of that Santa Claus Rally in and on what is probably going to be another light tarding day the early indications look as if that may be the initial direction







MONDAY: A short trading week, but potentially with some market moving news, as GDP, including revisions is released on Tuesday. Otherwise, it is still a question of oil, despite some de-coupling last week. Sooner or later, though, attention will return to the usual retail story of Decembers past.

TUESDAY:     This morning’s GDP report may offer some preliminary sign of what lower energy prices may bring to the economy, as the market in the pre-open futures is adding some to yesterday’s nice gain

WEDNESDAY: A half day of trading and markets, as they do 67% of the time on the day before Christmas, are pointing higher to begin the day

THURSDAY:    MERRY CHRISTMAS

FRIDAY:  The week looks as if it may continue that consecutive gains streak in the DJIA and may begin that long awaited Santa Claus Rally, as most of the rest of the world’s markets remain closed today.







MONDAY: The week looks to open with a 100 point bounce, but still relatively a small one when compared to Friday’s plunge and hopeful that there will be some further strength coming from this week’s FOMC Statement and Chairman Yellen’s press conference.

TUESDAY:     The second casualty of falling oil, after US equity markets, is now the Russian Ruble, after an overnight jump in the Bank of Russia’s key rate, up to a 1979 like 17%. That reversed very early gains in the pre-open futures, despite further drops in oil.

WEDNESDAY: Some moderation in the Russian currency this morning ahead of the FOMC Statement release. It would be hard to beat yesterday in terms of volatility and ups and downs. Hopefully today it stays in just a higher direction.

THURSDAY:    Higher oil prices and Putin going on 3 hours for his annual address to the nation boith seem to be adding to the optimism from yesterday’s FOMC committment to low interest rates.

FRIDAY:  It would be hard to top the past two days, but the market may close out the week without just giving it all back, having come on the heels of the worst week in years.







MONDAY: The morning to start a very quiet news week gets us off to a lower start. The week, however, is still likely to be one that cocuses on retail holiday sales and oiul prices, just as the last two weeks

TUESDAY:     Following yesterday’s extreme weakness, possibly resulting from further weakness in oil, today the focus continues to be oil and retail sales. The only  diversion may come from the morning’s JOLT Survey and which could supply more good news.

WEDNESDAY: I rarely care about Wednesday’s Petroleum Status Report but hope that there’s no news to push the energy sector lower as inventories are revealed. Until prices stabilize this report may take on more and more significance.

THURSDAY:    The monthly Retail Sales report for Niovember is due today and is expected to report healthy growth, ex-autos. Hopefully that will be the case as the early morning futures, already slightly positive could use a nice lift after yesterday’s 1.6% decline

FRIDAY:  The week looks as if it will be ending on a negative note as oil prices continue lower and drag everything along, whether warranetd or not







MONDAY: Oil weakness continues as the week also opens  weaker in what is traditionally among the best months of the year

TUESDAY:     Only 2 of this week’s eleven Federal Reserve Governor speechews are today, so it’s a relatively slow dat in that regard. The market looks like it may have a mildly positive open, although words from Stanley Fischer, the VIce-Chair this morniung could change that and again when he speaks for the second time this week, on Friday

WEDNESDAY: After a surprsingly good day yesterday, today appears to be ready for a very lackluster open, but the ADP reprt due before the opening could, but rarely does, change the direction or magnitude of the opening

THURSDAY:    The planned ECB policy release for this morning isn’t likely to hold too many surprises. Instead most will probably be positioning themselves for tomorrow’s Employment Situaton Report, although the classic need to protect gains isn’t an issue for many as the year comes to its end.

FRIDAY:  The pre-open futures mean nothing in general, but mean even less today until the Employment Situation Report is released at 8:30 AM. There’s not too much likelihood of getting a big boost from the report, but anything would be good as long as helping to secure assignments or rollovers to end the week







MONDAY: A very quiet and very short trading week which traditionally begins a period of market strength until the end of the year, as focus will begin on the last 5 weeks of retail sales

TUESDAY:     Today has all of the makings of a quiet day, other than the fact that GDP report is being issueds this morning and it has been the subject of some significant revisions this year that have taken the markets by surprise. We’ll see.

WEDNESDAY: It should, again, be another quiet day, at least in terms of trading volume. While there is some key economic news being released today, there won’t be too many around to respond to it

THURSDAY:    Happy Thanksgiving to all.

FRIDAY:  Huge drop in Energy Sector this morning not translating into market optimism that usually characterizes cheap energy, but more importantly, the day after Thanksgiving