Existing home sales numbers, overing the greater part of the housing market, will be released on Wednesday, followed by new home sales statistics on Friday, each at 10 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.
Items of interest, arranged by day:
Wednesday: Existing home sales at 10 a.m. and petroleum inventories at 10:30 a.m.
Thursday: Jobless claims at 8:30 a.m. and M2 money supply at 4:30 p.m.
Friday: The PMI manufacturing index flash report at 9:45 a.m. and new home sales at 10 a.m.
I also keep an eye on the Baltic Dry Index, updated daily, and the 5-year implied inflation rate based on U.S. Treasury yields, which presently stands at 1.59%.
Treasury Debt
Bills
- 4-week: Announcement Monday 11 a.m., auction Tuesday 11:30 a.m., settlement Thursday.
- 3-month: Auction Monday 11:30 a.m., announcement Thursday 11 a.m.
- 6-month: Auction Monday 11:30 a.m., announcement Thursday 11 a.m.
- 52-week: Auction Tuesday 11:30 a.m., settlement Thursday.
- 2-year: Announcement Thursday 11 a.m.
- 5-year: Announcement Thursday 11 a.m.
- 7-year: Announcement Thursday 11 a.m.
- None.
- 10-year: Auction Thursday 1 p.m.
The Federal Reserve Board holds an open meeting on Monday at 1 p.m. to discuss rules applying to systemically important banks and regulation of General Electric Capital Corp.
Analytical universe
This week I shall be analyzing new bull and bear signals among 500 large-cap stocks and exchange-traded funds.
Good trading.
-- Tim Bovee, Portland, Oregon, July 19, 2015
References
My trading rules can be read here.
Alerts
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