Momentum

Good Afternoon,

Posted By: 

Brian Kahn

Brian provides regular commentary focusing on the relationships between various financial markets. An experienced trader and portfolio manager with over 15 years in the markets, Brian relies on fundamental and technical analysis to create trading plans for each and every market entry.

Good Afternoon,

Fundamentals came in a tad soft today. No, I am not talking about the ADP number as that is painfully bad at estimating the government number that will be released in 2 trading days. By the way, I am sticking with my 186k estimate with a chance at printing 200k or above.

Posted By: 

Brian Kahn

Brian provides regular commentary focusing on the relationships between various financial markets. An experienced trader and portfolio manager with over 15 years in the markets, Brian relies on fundamental and technical analysis to create trading plans for each and every market entry.

Good Afternoon,

I took a few days off given it was Easter, which is a huge market holiday in many regions of the world. That being said, we are back at the beginning of the month/beginning of the quarter and the up-move in the equity markets continue.

But first, a busy economic calendar to review. Remember, if the event is specific to the internals of an economy, it is a "micro-fundamental" event. And for the USD, they are:

**much weaker than expected manufacturing data

Posted By: 

Brian Kahn

Brian provides regular commentary focusing on the relationships between various financial markets. An experienced trader and portfolio manager with over 15 years in the markets, Brian relies on fundamental and technical analysis to create trading plans for each and every market entry.

Good Afternoon,

Shock! Surprise. Economic data comes in worse than expected and SPX rises to a record close. We are now 6 points below the all time high "print" of 1575.

So we had weekly claims come in a bit worse than expected, but overall still at/below the 350k level. As I mentioned in the past, how much better can things get when you drop very quickly from the 400k level to below the 350k level. There just aren't enough jobs out there to continue the move down to 300k - I don't think...

Posted By: 

Brian Kahn

Brian provides regular commentary focusing on the relationships between various financial markets. An experienced trader and portfolio manager with over 15 years in the markets, Brian relies on fundamental and technical analysis to create trading plans for each and every market entry.

Past performance is not indicative of future results

Update: Macro and Micro events will be covered in the Q1 Review/Q2 Preview IBFX Webinar

Happy Trading and Be Environmentally Cool

Coach Brian

Posted By: 

Brian Kahn

Brian provides regular commentary focusing on the relationships between various financial markets. An experienced trader and portfolio manager with over 15 years in the markets, Brian relies on fundamental and technical analysis to create trading plans for each and every market entry.

Good Afternoon,

Let's be clear, the SPX will hit a new record. It is just a matter of when. Before I get to technicals though, a quick fundamental update, very quick. Durable goods and weekly claims. That's about it. Durable goods already came out and weekly claims will be out tomrrow - I expect weekly claims to be supportive - showing a strenghtening labor market. BUT, watch out! Keep an eye on the 4 week moving average over the next few quarters. Will it start to flatten or maybe even start to rise?

Posted By: 

Brian Kahn

Brian provides regular commentary focusing on the relationships between various financial markets. An experienced trader and portfolio manager with over 15 years in the markets, Brian relies on fundamental and technical analysis to create trading plans for each and every market entry.

Update: Macro and Micro events will be covered in the Q1 Review/Q2 Preview IBFX Webinar

Happy Trading and Be Environmentally Cool

Coach Brian

Posted By: 

Brian Kahn

Brian provides regular commentary focusing on the relationships between various financial markets. An experienced trader and portfolio manager with over 15 years in the markets, Brian relies on fundamental and technical analysis to create trading plans for each and every market entry.

Good Morning,

A quick fundamental update as we had lots of data in the past few days.

Posted By: 

Brian Kahn

Brian provides regular commentary focusing on the relationships between various financial markets. An experienced trader and portfolio manager with over 15 years in the markets, Brian relies on fundamental and technical analysis to create trading plans for each and every market entry.

Past performance is not indicative of future results

Update: Macro and Micro events will be covered in the Q1 Review/Q2 Preview IBFX Webinar

Happy Trading and Be Environmentally Cool

Coach Brian

Posted By: 

Brian Kahn

Brian provides regular commentary focusing on the relationships between various financial markets. An experienced trader and portfolio manager with over 15 years in the markets, Brian relies on fundamental and technical analysis to create trading plans for each and every market entry.

Good Afternoon,

A bit of fundamental firewords coming out of Europe. In case you did forget, there is still a "crisis" going on there. Things could shift away from Europe quickly tomorrow if the Fed statement comes out with anything other than "accomodative through 2050!". So keep your eyes on the MACRO-Fundamentals, as they have come to be termed by yours truly.

Posted By: 

Brian Kahn

Brian provides regular commentary focusing on the relationships between various financial markets. An experienced trader and portfolio manager with over 15 years in the markets, Brian relies on fundamental and technical analysis to create trading plans for each and every market entry.