From the Desk of Joe Rios
The stock indices were in the limelight as the Dow and S&P 500 reached record highs intra week, while the NASDAQ continued to underperform. All of the stock indices sold off sharply Friday into the close led by NASDAQ momentum stocks. As for the broader market, the recent record high was a struggle, as the last two days saw intra-day new highs but stocks ended closing near the lows.
In the week ahead I will pay close attention to price action in the S&P 500 and the correlations within the NASDAQ, US Ten Yr Note, Euro and Gold. I will also focus on momentum style of trading over trend following for potential trading opportunities.
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
Global Trading with Quantitative Technologies
Monday through Friday beginning at 7:30 AM ET
https://www3.gotomeeting.com/register/916949446
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!
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The Trading Room EDU – Educational Workshop
Covering the Rios Quant Trading Indicators:
Wednesday beginning at 7:30 PM ET
https://www3.gotomeeting.com/register/822485750
Topic: Rios Quant Basics with Steve Schwartz
Thursday beginning at 7:30 PM ET
https://www3.gotomeeting.com/register/183169342
Topic: 90 Day Trading Program – part 1 of 12 with Edward Preston
Saturday beginning at 10:30 AM ET
https://www3.gotomeeting.com/register/249298086
Topic: Rios Quant Basics with Steve Schwartz
MONDAY
Economic Data Release – Market Movers
NZD – NZIER Business Confidence – 6:00 PM ET
AUD – NAB Business Confidence – 9:30 PM ET
JPY – Monetary Policy Statement – Tentative
TUESDAY
Economic Data Release – Market Movers
JPY – BOJ Press Conference – Tentative
GBP – Manufacturing Production – 4:30 AM ET
CAD – Building Permits – 8:30 AM ET
USD – Jolts Job Openings – 10:00 AM ET
USD – FOMC Member Kocherlakota Speaks – 1:30 PM ET
WEDNESDAY
Economic Data Release – Market Movers
USD – Crude Oil Inventories – 10:30 AM ET
USD – 10 YR Note Auction – 1:01 PM ET
USD – FOMC Meeting Minutes – 2:00 PM ET
AUD – Employment Change – 9:30 PM ET
THURSDAY
Economic Data Release – Market Movers
CNY – Trade Balance – Tentative
GBP – Official Bank Rate – 7:00 AM ET
USD – Unemployment Claims – 8:30 AM ET
G 20 Meetings – All Day
USD – Natural Gas Storage – 10:30 AM ET
CNY – CPI – 9:30 PM ET
FRIDAY
Economic Data Release – Market Movers
USD – PPI – 8:30 AM ET
USD – Preliminary Uom Consumer Sentiment – 9:55 AM ET
G 20 Meetings – All Day
THERE IS A SUBSTANTIAL RISK OF LOSS IN TRADING COMMODITY
FUTURES, OPTIONS, AND FOREIGN EXCHANGE PRODUCTS
