FOMC Facts


FOMC Interest Rate Decision due 10.29.2014 at 14:00 ET & Economic Reports

October 29th, 2014 Filed under Future Trading News | Comment (0)

Hello Traders,

For 2014 I would like to wish all of you discipline and patience in your trading!

 

The FOMC interest rate decision is due at 14:00 ET in the US tomorrow ( Wednesday, October 29th ).

 

FOMC days have different characteristics than other trading days. If you have traded for a while, check your trading notes from past FOMC days that may help you prepare for tomorrow.

 

I have shared this same post before more than a few times but I do encourage you to read and try to implement as I think tomorrow’s meeting may be even more volatile than the last few. 

 

if you are a newcomer, take a more conservative approach and make sure you understand that the news can really move the market.

 

The following are suggestions on trading during FOMC days: Read the rest of this entry »


FOMC Facts, Futures Levels & Economic Reports 10.28.2014

October 27th, 2014 Filed under Future Trading News | Comment (0)

Hello Traders,

For 2014 I would like to wish all of you discipline and patience in your trading!

 

Two pointers I picked from an email service from factset.com that are worthy in looking ahead this week, as we will have FOMC statement this Wednesday:

 

Earnings metrics improve:

  • According to FactSet, the blended growth rate for Q3 S&P 500 EPS pushed up to 5.6% this week from 5.1% at the end of last week and 4.6% at the end of the quarter. In addition, of the 208 companies that have now reported results for Q3, 75% have beat consensus EPS expectations. This is up from 68% last week and ahead of the 73% four-quarter average. In the aggregate, companies are reporting EPS 3.8% ahead of the Street, slightly better than the 3.6% four-quarter average. As was the case last week, some of the better takeaways came from cyclical names where sentiment has been fairly depressed. MMM +8.1% reported a high-quality, margin-driven earnings beat and slightly raised the midpoint of F14 guidance. ITW +5.5% reported its best organic growth since 2011. Europe held up better and the company raised full-year guidance. HVAC leveraged plays like LII +15.1% and WSO +8.6% were some of the post-earnings standouts. UPS +3.4% had some upbeat commentary on the peak holiday shipping season. Outlook commentary following strong results from UNP +7.7% was also positive. Results and guidance from the airline sector also highlighted a still favorable domestic demand backdrop. Read the rest of this entry »
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