Monday: ISM manufacturing data and construction spending should provide further evidence of a strengthening US economy.
Tuesday: Motor vehicle sales are set to be released.
Wednesday: The ADP employment report, factory orders, and ISM non-manufacturing reports are all on tap. Today will also be an active international data day, as economic news from Europe and China are on tap. There is a significant possibility of added volatility today.
Thursday: Jobless claims figures will be released, and so will some earnings reports. Smith & Wesson (NASDAQ:SWHC) could have a good day; early reports show that guns and ammunition are flying off the shelves.
Friday: The retail sales report should overshadow the employment report. It's not been an easy road for retailers so far. Of the 28 stocks that have negative momentum within the S&P 500, eight are retail stocks, which is the largest percentage share.
My B.A. Degree is from the University of Arkansas. I've been trading since 2002 and teaching options trading since 2006. Learn to trade Option Income Spreads like a Pro! Email optionmentor@gmail.com for more about The Option Mentor Program.
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Trading the Market Structure
Trades are set up using the "Trading the Market Structure" method. It is derived by taking the most common trading methods, Delta Neutral Trading, Swing Trading, and Trend Trading, and combining them into one system. By combining them in this fashion they offset each other's weaknesses, thus creating an unusually effective strategy.
To begin to understand the simple technicals behind this Trading System set up your Weekly, Daily, 30 minute, and 10 minute charts with these links:
are on tap. There is a significant possibility of added volatility today.
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