Two other housing reports of lesser impact will be released: The Home Builders housing market index on Monday and existing home sales on Thursday, each 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 at 8:30 a.m. Thursday.
Building permits for new private homes from the housing starts report at 8:30 a.m. Tuesday.
The leading indicators report at 10 a.m. Tuesday, although not itself a leading indicator, is based on the indicators listed in this section and provides a useful You Are Here pointer for the business cycle.
by Jordan Ellenberg |
Events arranged by day:
Monday: Home Builders housing market index at 10 a.m. and the Treasury Department's international capital report at 4 p.m.
Tuesday: Housing starts at 8:30 a.m.
Wednesday: Petroleum inventories at 10:30 a.m.
Thursday: Jobless claims and the Philadelphia Federal Reserve Bank's survey and outlook covering business conditions in the mid-Atlantic region, each at 8:30 a.m., existing home sales and leading indicators, each at 10 a.m., and the M2 money supply at 4:30 p.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 1.45%, up two basis points from a week earlier.
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., settlement Thursday.
- 6-month: Auction Monday 11:30 a.m., announcement Thursday 11 a.m., settlement Thursday.
- 52-week: Auction Tuesday 11:30 a.m., settlement Thursday.
- 2-year: Announcement Thursday 11 a.m.
- 2-year floating rate: Announcement Thursday 11 a.m.
- 5-year: Announcement Thursday 11 a.m.
- 7-year: Announcement Thursday 11 a.m.
Bonds
- None.
- 10-year: Announcement Thursday 1 p.m.
No Federal Reserve governors or bank presidents have scheduled appearances during the week. Why? Only they know, but I'm betting they're at the beach.
Analytical universe
This week I shall be analyzing new trading signals from among 504 large-cap stocks and exchange-traded funds.
Thought
Just remember, you can do anything you set your mind to, but it takes action, perseverance, and facing your fears.
--Gillian Anderson, forward to Girl Boss: Running the Show Like the Big Chicks (1999)
-- Tim Bovee, Portland, Oregon, July 17, 2016
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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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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