From the desk of Joe Rios
Despite rising geopolitical concerns including crisis from the Middle East to Ukraine and Russia, the stock indices closed the month of August strong. The Nasdaq 100 led by gaining 2.8% , Russell 2000 2.4%, S&P 500 1.7% and the DJIA 1.4%. Other US benchmarks also finished the month stronger with the US Dollar rising 1.7% and US Treasury 10 Yr. Note inched higher 0.7%. In the commodity markets Wheat closed 8.3% higher and Natural Gas gained 7.9% as both continued to consolidate after a bearish downtrend lasting most of the Summer months. In the holiday shorten week ahead we have a heavy schedule of economic data, therefore I expect plenty of market movers including employment data as well as potential news from the geopolitical front. Now that Summer is over and traders return to their trading desks our focus should be on rotation flows. It will be interesting to see if traders approach the markets with similar views or a diverse outlook. Should viewpoints narrow and correlations tighten, then watch for trading opportunities in the risk assets. Remember to trade your plan and follow your rules. It’s a great time to be disciplined as we approach the busy trading season that lies ahead.
Joe Rios
Chief Market Strategist
www.riosquant.com
Live 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
Live Trading Rooms and Events:
The Trading Room TradeLAB
https://www3.gotomeeting.com/register/617085742
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.
Insider’s Quant (IQ) Room
Advanced Concepts with Joe Rios
Wednesday and Thursday beginning at 1:30 PM ET
SUBSCRIPTION ONLY
_______________________________________________
The Trading Room EDU – Educational Workshop
Covering the Rios Quant Trading Indicators:
Wednesday beginning at 1:00 PM ET
https://www3.gotomeeting.com/register/386532998
Topic: Oil and Stock Futures Trading
Presenter: Steve Schwartz
Thursday beginning at 7:30 PM ET
https://www3.gotomeeting.com/register/111485758
The RiosQuant 90 Day Training Program – Workshop
Training Session 9 of 12 with Steve Schwartz
Topic: Risk On / Risk Off Market Correlation
Saturday beginning at 11:00 AM ET
https://www3.gotomeeting.com/register/136326358
Topic: Gnostick Basics – Looking for 5’s
Presenter: Steve Schwartz
Tuesday
12:30 AM AUD RBA rate statement
4:30 AM GBP construction PMI
10:00 AM USD ISM manufacturing PMI
9:00 PM CNY nonmanufacturing PMI
9:30 PM AUD GDP
11:20 PM AUD RBA Gov. Stevens speaks
Wednesday
4:30 AM GBP services PMI
10:00 AM CAD BOC rate statement
2:00 PM USD beige book
9:30 PM AUD retail sales and trade balance
tentative JPY monetary policy statement
Thursday
tentative JPY BOJ press conference
7:00 AM GBP official bank rate
7:45 AM EUR minimum bid rate
8:15 AM USD ADP nonfarm employment change
8:30 AM CAD trade balance
8:30 AM EUR ECB press conference
8:30 AM USD trade balance and unemployment claims
10:00 AM USD ISM nonmanufacturing PMI
10:30 AM natural gas storage
11:00 AM USD crude oil inventories
12:30 AM USD FOMC member Mester speaks
Friday
8:30 AM USD nonfarm employment change
8:30 AM CAD employment change
10:00 AM CAD Ivy League PMI
