SPDR S&P 500 ETF TRUSTUpdated SPY WEEK OF 5/1/23
All times Wall Street
Monday- ISM manufacturing PMI 10am
Tuesday- JOLTS job openings 10am
Wednesday- ADP non-farm employment change 8:15am, ISM service PMI 10am, FOMC 2pm, FOMC press conference 2:30pm
Thursday- unemployment claims 8:30am
Friday- average hourly earnings M/M, non-farm employment change, unemployment rate 8:30am
New month new prediction box just for fun not financial advice. Friday got us back into the trend line now Monday we need to close above to continue the up trend. Goldman Sachs reports that 75% of the S&P will be out of their blackout window by the end of next week, this is a big reason why May is so bad since they selloff to drive prices down to buy their shares back on the cheap. So be ready for a lot of weird price action. We need to break 418 then we might see 420 hit there’s a lot of selling sitting there for a long time it’s going to be interesting to see if we continue to 424. Remember we only trade price for the day. Make sure to learn something everyday, the world today is made up of people staring at there phones looking at entertainment or you can be listening to a book learning about Henry Singleton, Ed Thorp, Charlie Munger, Rockefeller, Jacob Fugger, Henry Goldman, Charles de Gaulle, I mean history always repeats it’s just our behavior that’s different. I watch dumb videos don’t get me wrong but I spend more time studying and learning I hope you do too if you want a list of books let me know.
As always trade what’s in front of you good luck
Monday- ISM manufacturing PMI 10am
Tuesday- JOLTS job openings 10am
Wednesday- ADP non-farm employment change 8:15am, ISM service PMI 10am, FOMC 2pm, FOMC press conference 2:30pm
Thursday- unemployment claims 8:30am
Friday- average hourly earnings M/M, non-farm employment change, unemployment rate 8:30am
New month new prediction box just for fun not financial advice. Friday got us back into the trend line now Monday we need to close above to continue the up trend. Goldman Sachs reports that 75% of the S&P will be out of their blackout window by the end of next week, this is a big reason why May is so bad since they selloff to drive prices down to buy their shares back on the cheap. So be ready for a lot of weird price action. We need to break 418 then we might see 420 hit there’s a lot of selling sitting there for a long time it’s going to be interesting to see if we continue to 424. Remember we only trade price for the day. Make sure to learn something everyday, the world today is made up of people staring at there phones looking at entertainment or you can be listening to a book learning about Henry Singleton, Ed Thorp, Charlie Munger, Rockefeller, Jacob Fugger, Henry Goldman, Charles de Gaulle, I mean history always repeats it’s just our behavior that’s different. I watch dumb videos don’t get me wrong but I spend more time studying and learning I hope you do too if you want a list of books let me know.
As always trade what’s in front of you good luck
Note
Books I recommend that I have read TAO of Charlie Munger
Best Loser Wins
The invisible hand
Outliers
The lords of easy money
The laws of human nature
Inside the house of money
The psychology of money
Trading in the zone
The turtle traders
Market wizards
Geopolitical alpha
Jesse Livermore how to trade stocks
The intelligent investor
Liars poker
The essays of warren buffet
These are all great books the list keeps growing I hope you read or listen to one on Amazon audio
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.