psaTrading
Experienced member
- Messages
- 1,063
- Likes
- 53
At the macroeconomic level, household consumption increased to 0.50% in January, exceeding the forecast of 0.30%, supported by rising wages which boost household spending. The increase in house prices also contributed to an improvement in consumer confidence. The approach of the preferred measure of inflation from the Fed to 2% raised some concern in many investors but the money markets, which are an excellent barometer of the reference rates, assign a probability of 57% to a rise in interest rates in 2016. The US GDP for the 4th quarter was revised upwards from 0.70% to 1%, against economists’ forecasts of an increase of only 0.40%. In addition there has been a minor fall in investment and a decrease in the trade deficit. Domestic consumption, which represents 70% of the economy, was less dynamic than expected (2% vs 2.20%) due to lower sales (in value) of fuels (due to falling prices) and clothing as a result of mild weather in November and December. The trade deficit increased from 61500 M.USD in December to 62200 M.USD in January. This was the highest level since June. The confidence index of consumers, as measured by the University of Michigan, reached 91.7, above the first reading (90.7) but lower than the 92.0 recorded in January. From a technical point of view, today’s session and probably also tomorrow will be particularly relevant. If these days, the S & P can not be located convincingly above the zone of 1940/1950 then is increased the possibility of a short-term correction.
f2calv
Experienced member
- Messages
- 1,318
- Likes
- 278
What targets/timeframe do you have on these?
counter_violent
Legendary member
- Messages
- 12,646
- Likes
- 3,781
I think those were his actual long close prices for today.
counter_violent
Legendary member
- Messages
- 12,646
- Likes
- 3,781
Yeah cheers CV good point it wasnt clear (or i was having a blonde moment) but also I was wondering about the targets for the shorts too
Well, I can't speak for DC, but maybe he's still working them out
may post later !
dc2000
Veteren member
- Messages
- 4,766
- Likes
- 129
Yeah cheers CV good point it wasnt clear (or i was having a blonde moment) but also I was wondering about the targets for the shorts too
it was exit and turn so went long early doors then short and just turned long again if I get 16635 about close I will exit and reverse
out @143 -3. looking for re-entry in PA lines up.
S again 148
Closed 1 @6140.
