Another breakout from NDX

Just something to keep in mind that breakouts are also sometimes reversal points.. Fresh new ATH going into the bullish period of the year.

FRIDAY, OCT 06 - Economic data

12:30    USD Nonfarm Payrolls (Sep)
generally speaking, a high reading is seen as positive (or bullish) for the USD, while a low reading is seen as negative (or bearish),

12:30    USD Unemployment Rate (Sep):
a decrease of the figure is seen as positive (or bullish) for the USD, while an increase is seen as  negative (or bearish), 

Gross Domestic Product Annualized (Q2) - Aug 30th

13:30     USD Gross Domestic Product Annualized (Q2)PRELIMINAR 3 2.7% 2.6%

Get more information about: Gross Domestic Product Annualized United States The Gross Domestic Product Annualized released by the US Bureau of Economic Analysis shows the monetary value of all the goods, services and structures produced within a country in a given period of time. GDP Annualized is a gross measure of market activity because it indicates the pace at which a country's economy is growing or decreasing. Generally speaking, a high reading or a better than expected number is seen as positive for the USD, while a low reading is negative.

Bitcoin (GBTC) from $74 to $760 in one year

Bitcoin ($gbtc ) has moved from the $70's to $700's within the year!

NDX recent behavior

The start of Aug we seeing a lot more  red-to-green and green-to-red reversals. 


07/27/17                           07/31/17                               08/02/17

 

GOOG, AMZN, FB Earnings this week

More than a third of the S&P 500 companies and 13 Dow stocks reporting this week.

Monday

Earnings: Alphabet, Anadarko Petroleum, Celanese, Halliburton, Illinois Tool Works, Luxottica, Stanley Black and Decker, Ryanair, Arconic, Manpower Group, VF Corp

Tuesday

FOMC meeting begins

Earnings: 3M, Caterpillar, McDonald's, United Technologies, General Motors, Eli Lilly, Biogen, Amgen, AT&T, Chipotle, U.S. Steel, Express Scripts, Kimberly-Clark, Freeport-McMoran, Seagate Technology, JetBlue, TransUnion, T. Rowe Price, Akamai, Texas Instruments

Wednesday

Earnings: Facebook, Boeing, Coca-Cola, Gilead Sciences, PayPal, Samsung, Discover Financial, Northrop Grumman, Nasdaq OMX, Hershey, Corning, DR Horton, Daimler, Ford, LVMH, Anthem, General Dynamics, Norfolk Southern, State Street, Six Flags, F5Networks, Vertex Pharma, Whole Foods

Fed Meeting

Thursday

Earnings: Amazon, Intel, Starbucks, MasterCard, Bristol-Myers Squibb, Celgene, Fiat Chrysler, Verizon, Comcast, Twitter, Altria, A-B InBev, AstraZeneca, Royal Dutch Shell, UPS, Total, Raytheon, Dr. Pepper Snapple, Southwest Air, Dunkin Brands, Deutsche Bank, Diageo, Nokia, Mattel, Boston Beer, Expedia, Brunswick, Baidu

Friday

Earnings: Exxon Mobil, Chevron, Merck, American Airlines, AbbVie, Barclays, UBS, Baker Hughes, BT Group, Cabot Oil and Gas, BNP Paribas, TransCanada, Credit Suisse, Weyerhaeuser, Nomura, CMS Energy

Economic Reports for July 20th - Employment data

Tomorrow's employment data could move the markets. Something to be aware of.