The Week Ahead: Housing

Housing dominates a rather slow week in economic reporting, with two top-tier reports -- housing starts out on Tuesday at 8:30 a.m. New York time and existing home sales on Thursday at 10 a.m.

A housing report with less impact, the National Association of Home Builders' housing market index, will be released on Monday at 10 a.m.

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 claims for unemployment from the jobless claims report on Thursday at 8:30 a.m.

Building permits for new private homes from housing starts on Tuesday at 8:30 a.m.

Events arranged by day:

Monday: Housing market index at 10 a.m.

Tuesday: Housing starts at 8:30 a.m.

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

Thursday: Jobless claims at 8:30 a.m., existing home sales at 10 a.m. and the M2 money supply at 4:30 p.m.

Friday: The PMI manufacturing index flash release at 9:45 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 1.22%.

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.

Notes

• 2-year: Announcement Thursday 11 a.m.
• 5-year: Announcement Thursday 11 a.m.
• 7-year: Announcement Thursday 11 a.m.

Bonds

• None.

TIPS

• 30-year: Auction Thursday 1 p.m.

Fedsters

Two members of the Federal Open Market Committee make public appearances.

Fed Gov. Lael Brainard delivers an address at the Economic Growth and Regulatory Paperwork Reduction Act Outreach Meeting in Chicago on Monday at 10 a.m. New York time.

Richmond Fed Pres. Jeffrey Lacker speaks in Richmond on the economics of early childhood education.

Analytical universe

This week I shall be analyzing new bull and bear signals among 518 large-cap stocks and exchange-traded funds.

Good trading.

-- Tim Bovee, Portland, Oregon, Oct. 18, 2015

References


Tradecraft: Playing the odds to build winning stock market trades from options, a description of how I trade, can be read here.

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Disclaimer

Tim Bovee, Private Trader tracks the analysis and trades of a private trader for his own accounts. Nothing in this blog constitutes a recommendation to buy or sell stocks, options or any other financial instrument. The only purpose of this blog is to provide education and entertainment.

No trader is ever 100 percent successful in his or her trades. Trading in the stock and option markets is risky and uncertain. Each trader must make trading decisions for his or her own account, and take responsibility for the consequences.

License



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Based on a work at www.timbovee.com