"Stock Forex Market Trading Blog, Daily Trading Blogs for Traders" - 1 new article
NobleTrading Weekly Stock UpdateThe Week Ahead: Investors were spooked by a falling consumer confidence number while personal income and spending data showed the biggest drop in 10 months. The data continues to flow starting Monday with pending home sales and construction spending. Auto sales arrive Tuesday as the FOMC begins a two day meeting on interest rate policy. The FOMC decision will be announced Wednesday afternoon. Third quarter productivity and jobless claims data are announced Thursday which precedes Friday's all important Employment Report. Special Note: The S&P 500's decline in October halted seven straight up months as the broad based index tests its October low. Several indexes registered bearish outside down weeks including the Dow Transports, Russell 2000, and S&P 600 Small Cap Indexes where higher highs and lower lows were made than the previous week and closed lower. This candlestick bar pattern is quite often associated with major reversals in stocks and can be considered a precursor for a larger decline than the 9% drop in July despite a 65% rise since the March low in the S&P. Commentary provided by Barry Ward, Registered Principal, NobleTrading.com, Inc. Check out NobleTrading's new earnings calendar, upgrades and downgrades, and analyst coverages here. Click Here To Open An Account NobleTrading Direct Access Trading NobleTrading.com Offers Online Stock Trading, Online Options Trading Online Futures Trading, Online Forex Trading Worldwide Brokerage Service, Day Trading Brokerage  • Email to a friend • Related • More Recent Articles |
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