Economic Calendar – Week of June 24
As we get into the heat of summer trading, we continue our Monday morning tradition of looking at the economic calendar this week: A typical week of news reports with a relatively quiet news day on Monday followed by new homes sales, GDP, jobless claims and consumer sentiment each weekday respectively starting on Tuesday through the end of the week.
The big news will continue to be the aftershock volatility that continues to rock the market since Uncle Ben and Co. talk of slowing down the printing presses. 100-point Dow swing days are the norm of late and should continue throughout the week. We look at this not as a challenge but an opportunity to take advantage of the markets using lower share quantity or contracts. The key element to such advantage is the ability to hold during these moves by maintaining the same risk: reward levels while avoiding extremely tight stops. Once again, lowering your shares or contract size will help in this regard.
Have a great trading week and don’t forget to adjust your stop/target brackets as well as tightening your seat belts. As always, enjoy the ride.
