Financial Press Review

3/12/2010

Economic news released today was said to have sent mixed messages - hence a directionless market according to financial news reporters. The newest consumer sentiment survey was disappointing but positive news emerged from the retail sales front.

The latest Advance Retail Sales Report for February showed a 0.3% increase in retail sales (excluding auto sales - a rise of 0.8%). This set of data beat expectations, as consensus estimates had been for a total retail sales decline of 0.2% (and an increase of 0.1% in sales excluding autos).

A more somber tone was however conveyed by the University of Michigan's preliminary Consumer Sentiment Survey. In March, the data came in at 72.5 (consensus estimates; a reading of 74.0). February's reading had been at 73.5.

Even though the indexes have been on a tear over the past few weeks, a number of market analysts see a lack of conviction behind the move, as suggested by relatively weak volume. The major stumbling block from a fundamental perspective continues to be the poor labor market. Some market observers believe we could be trading range-bound at least until the Fed has given its latest verdict on interest rates (see economic data calendar below). On the other hand, from Monday to Thursday, a great deal of economic data will be released, so there should be a number of possible market catalysts.

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Key economic data for the week starting March 15, 2010. Numbers shown are consensus estimates (market anticipates this value) and prior value.

Monday:
	8:30 AM NEW YORK FED (EMPIRE) (Mar): 20.0 / 24.9 9:00 AM NET CAPITAL INFLOWS (TICS) (Jan): n.a. / $63.3B 9:15 AM INDUSTRIAL PRODUCTION M/M (Feb): 0.0% / 0.9% CAPACITY UTILIZATION (Feb) (M): 72.6% / 72.6% 1:00 PM NAHB HOUSING INDEX (Mar): 17 / 17

Tuesday:
	8:30 AM HOUSING STARTS SAAR (Feb): 570K / 591K BUILDING PERMITS SAAR (Feb): 610K / 622K IMPORT PRICE INDEX M/M (Feb):' -0.2% / 1.4% 2:15 PM FED RATE ANNOUNCEMENT (Mar): 0.25% / 0.25%

Wednesday:
	8:30 AM PPI M/M (Feb): -0.2% / 1.4% PPI M/M (core) (Feb): 0.1% / 0.3% PPI Y/Y (Feb) (H): 5.1% / 4.6% PPI Y/Y (core) (Feb): 1.0% / 1.0%

Thursday:
	8:30 AM CONTINUING CLAIMS Mar-06: n.a. / 4558K INITIAL CLAIMS Mar-13: 450K / 462K CPI M/M (Feb): 0.1% / 0.2% CPI M/M (core) (Feb): 0.1% / -0.1% CPI Y/Y (Feb): 2.3% / 2.6% CPI Y/Y (core) (Feb): 1.4% / 1.6% CURRENT ACCOUNT (Q4): -$119.8B / -$108.0B 10:00 AM PHILADELPHIA FED (Mar): 17.6 / 17.6 LEADING INDICATORS M/M (Feb): 0.1% / 0.3%

© HGH Associated Press

News History

Articles by Category

3/12/2010 - S&P 500 Trading - This SBV chart example is based on the 30-day SBV(20) S&P 500 (^SPX) chart. In our trading example, we applied the following simple system which is based on our SBV indicator. +7% on the S&P 500 in a month. ...

3/5/2010 - S&P 500 5-day Chart - In our trading example, we applied the simple system which is based on our SBV Histogram. Plus 24 points was made on the S&P 500 in a week....

2/27/2010 - DJI - Plus 7% on the DJI in 30 days by trading SBV oscillator on 30-day chart (1 bar = 30 minutes). Simple trading system consistently provides liable returns....

2/19/2010 - S&P 500 Intraday Trading - This SBV example is a continuation of the S&P 500 chart examples of February 12, 2010 - the same chart setting, the same indicators and the same rules were used....

2/12/2010 - S&P 500 - Plus 15 points on the S&P 500 index in a single trading session. One point on the S&P 500 index is equivalent to $50 on the S&P 500 emini. 15 points on the S&P 500 index could potentially deliver $7,500 on 10 emini contracts. ...

2/5/2010 - Russell 2000 - This chart example is a continuation of the Russell 2000 chart examples of January 22, 15 and 8, 2010. The same chart setting, the same indicators and the same rules were used a month ago when we had bullish market. Now in bearish market the system continue to deliver amassing returns....

1/29/2010 - S&P 500 Analysis - Plus 41 points on the S&P 500 in a week (1 point on S&P 500 = $50 on 1 E-mini S&P 500 futures contract) and 40 points on S&P 500 = $20,000 on 10 E-mini S&P 500 contract....

1/22/2010 - Russell 2000 Scalping - This week we have introduced SBV Histogram - advanced version of SBV Oscillator. Previous chart example was based on the the 1-day SBV(20) Russell 2000 chart. To illustrate how SBV Histogram could be used, this chart example has the same timeframe, the same index, the same trailing stop level and the same bar period for SBV. The only difference is that we used SBV Histogram instead of SBV Oscillator....

1/15/2010 - Russell 2000 Intraday Scalping - Plus 10 points on the Russell 2000 the simple trading system would made in a single session on January 15, 2010. 10 points on the Russell 2000 is equivalent to $10,000 on ten Russell 2000 emini contracts....

1/8/2010 - Russell 2000 Intraday Trading - By going into lower timeframe you should remember that SBV simple trading system would generate more signals, furthermore, the odds of lost trades are higher. Because of that, it would be logical to set tighter stop-loss strategy which would help to reduce loses and protect profit....

1/1/2010 - Simple Trading System - This SBV chart example is a continuation of the S&P 500 chart example of December 25, 2009 where the last signal was Sell....

12/25/2009 - S&P 500 index - Plus 6% on the S&P 500 index in November - December 2009 on the 60-day SBV(20) S&P 500 trading system. ...

12/18/2009 - Simple Trading - This SBV example is a continuation of the S&P 500 chart example of December 11, 2009. This example continues to illustrate this rule in practice:...

12/11/2009 - S&P 500 Intraday Trading - This SBV chart example is based on the 5-day SBV(20) S%P 500 chart. This example is a continuation of the S&P 500 chart example of December 4, 2009 which continues to illustrate this rule in practice....

12/4/2009 - Trading System - Plus 18 points on the S&P 500 in a week. 20 points on S&P 500 are equivalent to $10,000 on 10 E-mini S&P 500 contracts... ...

11/27/2009 - S&P 500 chart trading system - Plus 4% on the S&P 500 without a stop loss and plus 8% with 10-point stop-loss....

11/20/2009 - S&P 500 Chart Analysis - ...

11/13/2009 - S&P 500 - Plus 3% on the S&P 500 without a stop loss and plus 6% with 10-point stop-loss. Adding a Stop-Loss to the system may substantially reduce losses and, in some cases, even double the summary profit....

11/7/2009 - Nasdaq 100 Trading System - This SBV chart example is based on the 10-day SBV(20) Nasdaq 100 chart. Plus 4.7% in less than 2 weeks on the Nasdaq 100. This SBV example is a continuation of the Nasdaq 100 chart example of November 6, 2009. This example continues to illustrate this rule in practice. ...

10/30/2009 - Nasdaq 100 Trading - Plus 31 points on the Nasdaq 100 - this SBV example is a continuation of the Nasdaq 100 chart example of October 23, 2009. This example continues to illustrate this rule in practice. ...

10/24/2009 - Nasdaq 100 - This SBV chart example is based on the 10-day SBV(20) Nasdaq 100 chart - plus 40 points on the Nasdaq 100. ...

10/16/2009 - Russell 2000 - This SBV chart example is based on the 5-day SBV(20) Russell 2000 chart - +10 points on the Russell 2000 ...

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