Housing Data + Trading levels for 12.20.2022
Posted By:- Ilan Levy-Mayer Vice President, Cannon Trading Futures Blog
Housing Data week
By John Thorpe, Senior Broker
A full week of trading!
Before I get into the market moving events for the week I would be remiss if I didn’t mention holiday light volume going into this weekends 3 day weekend. The best times to trade will be around the openings and closings while sprinkling in a few post report time frames.
The Housing market and GDP highlight this weeks market movers. Tuesday 7:30 am CST Housing Starts. Wednesday Existing home sales @9:00 am CST And Friday , same time New Home Sales.
Smattered in between we have Consumer Confidence On Wed @ 9 AM CDT , GDP on Thursday @ 7:30 CDT PREMARKET, this should be a big mover if it’s off the mark. Friday two more premarket numbers that could create the last volatility for the day and exhaust the energy for the week in the equity markets, they are Durable goods orders and personal income both at 7:30 CDT and will give the FED more information relative to efficacy of their current fed policy objectives.
Please contact your broker if you have any questions about your positions. And remember, the next front month for these contracts – March – is already well traded and available.
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