Good afternoon and happy Sunday Funday to everyone! This will be the first of many stock market reviews on my blog so I can keep you all informed each week on what is happening with the markets.
This past week was mostly a consolidation week with a little bit of selling due to the Turkish Lira taking a plunge. This same scenario happened in late 2018 causing the markets to sell a bit more violent. However the dip was bought both times. 2800 on /ES acted as strong daily support with Friday rallying into the close.
Tomorrow is April 1st so let’s start off this new month in spectacular fashion!
Things to Watch this Week
*Note all times in PST; all events are U.S. unless otherwise stated.
Monday - 4/1/2019
Retail Sales at 5:30am.
ISM Manufacturing PMI at 7:00am.
Tuesday - 4/2/2019
Core Durable Goods Orders at 5:30am.
Wednesday - 4/3/2019
ADP Non-Farm Employment Change at 5:15am.
ISM Non-Manufacturing PMI at 7:00am.
Crude Oil Inventories at 7:30am.
Thursday - 4/4/2019
Unemployment Claims at 5:30am.
Friday - 4/5/2019
Non-Farm Employment Change and Unemployment Rate at 5:30am.
Also any news headlines regarding Brexit, USA-China Trade Talks, and the U.S. 10-Y Treasury yield inversion.
I’m going to take a look at /ES, /NQ, /YM, /RTY, /GC, /CL, $DXY, AAPL, and NFLX.
If you would like me to look at a stock for you just drop me a comment below!
Enjoy!