From The Desk Of Joe Rios
We are now just about halfway through corporate earnings season with most companies beating forecasts. None the less, the S&P 500 closed the week flat with 0.0% change. The US Treasury 10 Year Note also ended the week with 0.0% change as both benchmarks continued to consolidate.
The US Dollar did see positive rotation flows gaining 0.7% while most foreign currencies finished the week lower. In the commodity markets Natural Gas was the volatility leader closing the week lower by
-4.3%. The Material Sector strengthened along with Copper rising 2.0% following Europe and China’s strong PMI data. In the week ahead I will continue to focus at the stock indices as corporate earnings season continues. Will the upcoming scheduled earnings data surprise Wall Street and help the S&P 500 breakout or will it drive prices lower from the recent double top technical pattern? Will it help push other risk assets out of the recent consolidation patterns? Or will it be the FOMC statement on Wednesday or Friday’s Nonfarm Employment Change data?
Joe Rios – Founder, Rios Quantitative LLC
Live Trading Rooms and Educational Events
The Trading Room TradeLAB
https://www3.gotomeeting.com/
Global Trading with Quantitative Technologies
Monday through Friday
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:
Tuesday beginning at 7:30 PM ET
Topic: RQ-Einstein Auto Trading
https://www3.gotomeeting.com/
Presenter: Steve Schwartz
______________________________
Wednesday beginning at 1:00 PM ET
https://www3.gotomeeting.com/
Topic: Momentum Trading Oil and E-mini Stock Futures
Presenter: Steve Schwartz
______________________________
Saturday beginning at 11:00 AM ET
https://www3.gotomeeting.com/
Topic: Trading can be as simple as support and resistance
Presenter: Steve Schwartz
THERE IS A SUBSTANTIAL RISK OF LOSS IN TRADING COMMODITY FUTURES, OPTIONS, AND FOREIGN EXCHANGE PRODUCTS. PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS.
Comments
2,042 responses to “The Week Ahead In The Global Financial Markets”