Friday, August 2, 2013

The Week Ahead: International Trade

A slow week for econ reporting, led by international trade, on Tuesday at 8:30 a.m. New York Time.

Leading indicators (in descending order of importance):

The interest rate spread between 10-year Treasuries and the federal funds rate, reported continually during market hours.

The M2 money supply, at 4:30 p.m. Thursday.

The S&P 500 index, reported continually during market hours.

Average weekly initial jobless claims, at 8:30 a.m. Thursday.

Other reports of interest:

Monday: Institute of Supply Management non-manufacturing index at 10 a.m.

Wednesday: Petroleum inventories at 10:30 a.m.


One member of the Federal Open Market Committee has announced a speaking engagement: Chicago Fed Pres. Charles Evans, on Tuesday

FOMC alternates speaking are Dallas Fed Pres. Richard Fisher on Monday and Dallas Fed Pres. Charles Plosser and Cleveland Fed Pres. Sandra Pianalto on Wednesday

Analytical universe

This week I'll be analyzing new bull and bear signals among 2,326 stocks and exchange-traded funds that have some analyst interest. They are traded both on the major U.S. exchanges and over-the-counter. My universe is selected from mid-cap stocks and larger, defined as market capitalization of $1 billion and greater.

Trading calendar

By my rules, I'm trading September options for the short legs of vertical spreads and November options for single calls and puts. Of course, shares are good at any time.

Good trading!

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