The Week Ahead…
This week post-futures rollover has its share of news and economic events each day. Monday we start out with Empire State Manufacturing numbers pre-market. Normally not a big mover but always worthy of watching for those who trade the e-minis pre-market. Tuesday we have CPI and Housing Starts; again both before the bell and the start of the FOMC session which concludes with the Fed Announcement at 2pm EDT on Wednesday. Thursday we have our weekly job numbers pre-market followed by a trifecta at 10am EDT: Existing home sales, Philly Fed and Leading Indicators – all three can move the markets. While there are no specific releases on Friday, keep in mind that it is Quadruple Witching Day, which can move the markets in unpredictable fashion or even worse…not move it at all. One thing for sure, a trader’s edge is historically compromised during Quad witching. Perhaps a good weather report on Friday will allow this trader to hit the beach rather than the buy button.
Good trading to all.
