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Monday

- Bank Holiday

Tuesday

-9:00AM TIC Long-Term Purchases

-1:00PM NAHB Housing Market Index

Wednesday

-8:30AM Building Permits

-8:30AM PPI m/m

-8:30AM Core PPI m/m

-8:30AM Housing Starts

Thursday

-8:30AM Unemployment Index

-10:00AM Philly Fed Manufacturing Index

-10:00AM CB Leading Index m/m

-10:30AM Natural Gas Storage

-11:00AM Crude Oil Inventories

Friday

-None

*All times EST

ShogunTrading.com

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Monday

- None

Tuesday

-8:30AM Trade Balance

-10:00AM IBD/TIPP Economic Optimism

Wednesday

-10:30AM Crude Oil Inventories

-2:00PM Beige Book

-2:00PM Federal Budget Balance

Thursday

-8:30AM Core Retail Sales m/m

-8:30AM Retail Sales m/m

-8:30AM Unemployment Claims

-8:30AM Import Prices m/m

-10:00AM Business Inventories m/m

-10:30AM Natural Gas Storage

Friday

-8:30AM Core CPI m/m

-8:30AM CPI m/m

-8:30AM Empire State Manufacturing Index

-9:15AM Capacity Utilization Rate

-9:15AM Industrial Production m/m

-9:55AM Prelim UOM Consumer Sentiment

-9:55AM Prelim UOM Inflation Expectations

ShogunTrading.com

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Monday

-10:00AM ISM Manufacturing PMI

-10:00AM Construction Spending m/m

-10:00AM ISM Manufacturing Prices

Tuesday

-10:00AM Pending Home Sales m/m

-10:00AM Factory Orders m/m

-Total Vehicle Sales / time TBD

Wednesday

-7:30AM Challenger Job Cuts

-8:15AM ADP Non-Farm Employment Change

-10:00AM ISM Non-Manufacturing PMI

-10:30AM Crude Oil Inventories

-2:00PM FOMC Meeting Minutes

Thursday

-8:30AM Unemployment Claims

-10:30AM Natural Gas Storage

Friday

-8:30AM Non-Farm Employment Change

-8:30AM Unemployment Rate

-8:30AM Average Hourly Earnings m/m

-10:00AM Wholesale Inventories m/m

-3:00PM Consumer Credit m/m

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Monday – None

Tuesday

-8:30AM PPI m/m

-8:30AM Core PPI m/m

-8:30AM Empire State Manufacturing Index

-9:00AM TIC Long Term Purchases

-9:15AM Capacity Utilization Rate

-9:15AM Industrial Production m/m

-1:00PM NAHB Housing Market Index

Wednesday

-8:30AM Building Permits

-8:30AM Core CPI m/m

-8:30AM CPI m/m

-8:30AM Current Accounts

-8:30AM Housing Starts

-10:30AM Crude Oil Inventories

-2:15PM FOMC Statement

-2:15PM Federal Funds Statement

Thursday

-8:30AM Unemployment Claims

-10:00AM Philly Fed Manufacturing Index

-10:00AM CB Leading Index m/m

-10:30AM Natural Gas Storage

Friday – None

***All times Eastern Standard Time (EST)

We have a news-filled week ahead of the holidays. Many of the reports will be released before the open, so we hope to have some volatility to take advantage of on those days.

ShogunTrading.com

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Monday

-12:00PM Ben Bernanke speaks

-3:00PM Consumer Credit m/m

Tuesday

-10:00AM IBD/TIPP Economic Optimism

Wednesday

-10:00AM Wholesale Inventories m/m

-10:30AM Crude Oil Inventories

Thursday

-8:30AM Trade Balance

-8:30AM Unemployment Claims

-10:30AM Natural Gas Storage

-2:00PM Federal Budget Balance

Friday

-8:30AM Core Retail Sales m/m

-8:30AM Retail Sales m/m

-9:55AM Prelim. UoM Consumer Sent. & Inflation Expectations

-10:00AM Business Inventories m/m

We closed out last week by taking advantage of some very nice market moves. We had one of the most profitable Friday sessions I can remember in some time. I’m hoping that continues into this week, especially the 1st half while the news schedule is rather light. The markets should move freely until Wed. afternoon when they tighten up ahead of Unemployment Claims.

ShogunTrading.com

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Monday

-9:45AM Chicago PMI

Tuesday

-10:00AM ISM Manufacturing PMI

-10:00AM Pending Home Sales m/m

-10:00AM Construction Spending m/m

-10:00AM ISM Manufacturing Sales

-Total Vehicle sales

Wednesday

-8:15AM ADP Non-farm Employment Change

-10:30AM Crude Oil Inventories

-2:00PM Beige Book

Thursday

-8:30AM Unemployment Claims

-8:30AM Revised Non-farm Productivity q/q

-8:30AM Revised Unit Labor Costs q/q

-10:00AM ISM Non-manufacturing PMI

-10:30AM Natural Gas Storage

Friday

-8:30AM Non-farm Employment Change

-8:30AM Unemployment Rate

-8:30AM Average Hourly Earnings m/m

-10:00AM Factory Orders m/m

NOTES: Scale back your trading around scheduled news releases, especially the more important ones such as Unemployment Claims. The markets are still digesting the news from Dubai this past Friday. Much of the losses have been regained as of Sunday night but there is still the potential for more unexpected news.  

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The SPX gapped up again as it has been doing every Monday morning lately. The only difference was that it drifted down instead of up the rest of the day.

Volume will likely drop off going into the holiday. We will be focusing our trading on the morning session.

ShogunTrading.com

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Friday trading was a bit choppy as the markets fell in the morning then recovered to close down slightly on the day. The pattern we have seen most of the year is to turn around and drift to new highs after pullbacks like these. Expect the same until the short side can prove itself on a longer term basis. Hit & Run trading in the meantime.

ShogunTrading.com 

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Gold continues up, the dollar continues down, and the markets continue up as has been the case for the last 7 months. The longer this continues the more tempting it is to expect the bubble to burst and go short. I suggest keeping those expectations out of your thoughts and following the trend. If it does burst it will be a hard and obvious move.

ShogunTrading.com

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