The stock indices impressively held on to most recent gains, despite disappointing economic news, the Portuguese banking crisis and the geopolitical threat including Ukraine, Iraqi and Gaza. However we did see some flight to safety with the U.S. Treasury Bonds and the US Dollar finishing the week stronger. Most commodities finished the week lower led by soybeans dropping -7.6%, natural gas -4.9%, silver -2.5% and copper -2.4%. In the week ahead I will focus on corporate earnings and the risk of escalating tensions regarding geopolitical and world events. Special attention should also be paid to stocks as defensive industry sectors such as utilities and health care are beginning to outperform the risk sectors. In the week ahead will stronger corporate earnings propel the stock indices higher? Or will the recent sector rotation to defensive stocks serve as an early warning sign, will we see follow through? These are the questions that I will try to find clarity from the financial markets for trading in the week ahead.
Joe Rios
Chief Market Strategist
Live Trading Rooms and Events
Please take note of this week’s schedule at a glance including key economic reports that might have an impact on the markets. Live trading rooms and educational events are also listed with the appropriate links for gaining access. While some of the events are free, others are for members only. Let us know if you have an interest and we will provide you with all the pertinent information.
Contact Information for your Support Needs:
Amber Little, RQ Client Relations Manager
email: amber@riosquant.com
skype: alittlemobile
cellphone: 415.336.7272
The Trading Room TradeLAB
https://www3.gotomeeting.com/register/655375398
Global Trading with Quantitative Technologies
Monday through Friday beginning at 7:30 AM ET
RQ trade coaches include Edward Preston, Steve Schwartz and Joe Rios. Live demonstration of our pre-market quantitative analysis, real-time trading signals with RQ algorithmic technology, strategy performance review and Q&A session.
The Trading Room EDU – Educational Workshop
Covering the Rios Quant Trading Indicators:
Monday beginning at 7:30 PM ET
https://www3.gotomeeting.com/register/757609230
Topic: What’s the “pattern setup” for the new week?
Presenter: Steve Schwartz
Wednesday beginning at 7:30 PM ET
https://www3.gotomeeting.com/register/730550646
The Next Big Swing with Edward Preston
Thursday beginning at 7:30 PM ET
https://www3.gotomeeting.com/register/741934470
The RiosQuant 90 Day Training Program – Workshop
Training Session 4 of 12 with Steve Schwartz
Topic: RiosQuant 3 step Trading Sequence
Saturday beginning at 11:00 AM ET
https://www3.gotomeeting.com/register/759163526
Topic: RiosQuant Basics
Presenter: Steve Schwartz
Monday
6:00 AM EUR German Buba Monthly Report
11:00 PM AUD RBA Gov. Stevens Speaks
Tuesday
8:30 AM USD Core CPI
10:00 AM USD Existing Home Sales
9:30 PM AUD CPI
Wednesday
4:30 AM GBP MPC Official Bank Rate Votes
7:45 AM GBP BOE Gov. Carney Speaks
8:30 AM CAD Core Retail Sales
10:30 AM Crude Oil Inventories
5:00 PM NZD Official Cash Rate
6:45 PM NZD Trade Balance
9:45 PM CNY HSBC Flash Manufacturing PMI
Thursday
3:00 AM EUR French Flash Manufacturing PMI
3:30 AM EUR German Flash And Faction PMI
4:30 AM GBP Retail Sales
8:30 AM USD Unemployment Claims
10:00 AM USD New-Home Sales
10:30 AM Natural Gas Storage
9:00 PM NZD ANZ Business Confidence
Friday
4:00 AM EUR German IFO Business Climate
4:30 AM GBP Preliminary GDP
8:30 AM USD Core Durable Goods Orders
Comments
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