Thursday, April 27, 2017

GDP Price Index released Friday AM

12:30 USD Gross Domestic Product Price Index (Q1)  PRELIMINAR    2.0%    2.1%
12:30 USD Gross Domestic Product Annualized (Q1)  PRELIMINAR    1.3%    2.1%

Changes in the GDP price index are followed as an indicator of inflationary pressure that may anticipate interest rates to rise. 

Generally speaking, a high reading is seen as positive, or bullish for the USD, while a low reading is seen as negative, or bearish.

Monday, April 24, 2017

NDX breakout

NDX gaped up today, out of a consolidation zone, it has been building since the end of Feb 17. This huge gap up is an interesting move and will have to see if it gets filled in the next few day or the markets continue to keep its uptrend, that started since the election on Nov 8th. Another interesting observation is that NDX is at new all time high but the SPY and DJI are not. The catalyst for the move seems to be the French election results that came out today as economist were probably closely watching European  politics after the BRIXIT's unexpected results.

Some important earning coming out this Thurs Apr 27 include GOOG, INTC.