Bulls and Bears zone for 04-10-2019need to be cognizant of couple of reports.
US:EIA Petroleum Status Report
10:30 AM ET
US:FOMC Minutes
2:00 PM ET
Sp1
Bulls and Bears zone for 04-09-2019Overnight session, market has been selling off, and very likely it will open gap down. Then, it will probably rally to close gap before selling off.
Bulls and Bears zone for 04-08-2019During overnight session market made a high and sold off. It might test overnight session high before any direction.
US:Factory Orders report is due at 10:00 AM ET, which could impact the direction of the market.
Bulls and Bears zone for 04-05-2019Market has been trading within a range for last couple of days. However, the volume has been relatively low; even though, we closed positive .
Bulls and Bears zone for 04-04-2019Yesterday's RTH trading pattern was opposite of Tuesday's. Market has been sideways during overnight session. I suppose, we might see a test of overnight session high before any sell off. Since there is no significant economic news today during RTH, it might end up being a range day.
Bulls and Bears zone for 04-03-2019Market sold off 50% of its range during last 30 minutes of yesterday's RTH which is not good for bulls. However, market did rally during overnight session. Perhaps market will test overnight high before deciding on direction.
Keep in mind that US:ADP Employment Report released this morning was below consensus.
Following reports which could impact the market are due as follows:
USA US:PMI Services Index
9:45 AM ET
USA US:ISM Non-Mfg Index
10:00 AM ET
Bulls and Bears Zone for 04-02-2019Since yesterday's high, market has been trading sideways during overnight session. Durable goods report was worse than consensus.
Bulls and Bears zone for April 1, 2019Market has rallied during overnight session. Therefore, it will open gap up. It will probably come down and test 50 MA and maybe 200 MA before any rally.
There are few economic reports due which could move the market as follows:
US :PMI Manufacturing Index at 9:45 AM ET
US:Business Inventories 10:00 AM ET
US:ISM Mfg Index 10:00 AM ET
US:Construction Spending 10:00 AM ET
Bulls and Bears Zone for 03-29-2109Market is going open gap up. Yesterday bulls were very strong. Can they continue this rally or there will be sell off later on today.
US:New Home Sales and US:Consumer Sentiment both reports are due at 10 am EST.
Bulls and Bears zone for 03-28-2019Yesterday market sold off very aggressively. Later in the afternoon, market rallied but got rejected at IB low of the day, which could be problematic for today.
At 10 am EST there is very important report of United States : Pending Home Sales Index.
Bulls and Bears zone for 03-27-2019Yesterday market tried to rally then sold off and closed off the highs. Currently, market is trading around yesterday's close which is not a good sign for Bulls.
United States : EIA Petroleum Status Report comes out around 10:30 am EST. It can help determine the direction of inflation. In the U.S., consumer prices stabilizes whenever oil prices have fallen, but have accelerated when oil prices have risen.
Bulls and Bears Zone for 03-26-2019Yesterday market closed positive for the day. Even though market sold off overnight, but it started to rally this morning. It seems market will open gap up, will it close the gap and rally or vice versa. Time will tell.
US consumer confidence report is due at 10 am EST.
Bulls and Bears Zone for 03-25-2019After Fridays sell off, it seems that market might rally; if overnight trading is any indication.
Bulls and Bears Zone for 03-22-2019Yesterday was a roller coaster day. Market tested both weekly low and high in one session. Today will it break out of weekly high or low ?
Bulls and Bears Zone for 03-21-2019Market sold off yesterday afternoon session. Overnight market took out this week's low. It might be good idea to keep an eye on last week's daily lows for support.
Bulls and Bears Zone for 03-20-2019After yesterday's sell off, market has rallied overnight to 200 DMA. Since it is trading between 200 DMA and 50 DMA, I suppose it will stay within that range until FOMC meeting announcement at 2 pm EST.
Bulls and Bears Zone for 03-19-2019Even though, market closed up yesterday but it was within a range. Overnight session was same except market started to rally in the morning. It would be a good idea to keep an eye on 200 ma.
Couple of reports to be released today that are important since two-third of our GDP is based on consumer spending.
1)US Redbook which compares retail sales at 8:55 am ET
2) US Factory orders of durable and non durable goods at 10 am ET
Bulls and Bears Zone for 03-18-2019Overnight session, market tried to breakout Friday's high and got rejected. Question is will the market test the overnight low before deciding on direction.
Bulls and Bears Zone for 03-14-2019If overnight trading is any indication, today will be a range day.
Bulls and Bears Zone for 03-13-2019Overnight session market sold off first, then to rally in the morning. It is very likely to test March 4th high before it sells off.
Bulls and Bears Zone for 03-12-2019It seems that market will open with a big gap up. Question is will it close the gap.
During overnight session market tested 2800 level and sold off. If bulls cannot take out 2800 level then bears will probably take control.
Bulls and Bears Zone for 03-11-2019Friday afternoon market rallied into close. Can it continue to rally or will it sell off again.
