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Cliff Wachtel
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Cliff Wachtel, CPA, is currently the Director of Market Research, New Media and Training for Caesartrade.com, a fast growing forex and CFD broker. He covers a variety of topics including global market drivers, forex, currency hedged and diversified income investing, and is currently working on a... More
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  • COMING WEEK MARKET MOVERS: LIGHT CALENDAR MEANS RESISTANCE, MONEY FLOWS KEY 1 comment
    Mar 17, 2012 10:57 PM | about stocks: SPY, DIA, UUP, UDN, FXE, ERO, URR, ULE, EUO, DRR, FXA, FXB, FXC, FXD, FXF, FXEN, FXY, JYF, CYB, GLD, CNY, USO, DUG, USL, NBO, DBV, ICI, CEW, PHYS, SLV, OIL, SDS, RSW, BXDC, SPXU, SH, EWC, EWA, TLT, XHB, ITM

    Part 2: Coming Week Market Movers

    The following is Part 2 of our weekly review and preview strategy guide for traders and investors of all major asset classes via both traditional instruments and binary options, covering coming week's market movers and trade ramifications

    Barring a major surprise event like spiking PIIGS bond yields or spike in Iran war threats, here are the likely market movers for the coming week.

    Technical Resistance Levels For Major Stock Indices, Risk Assets

    With the bellwether S&P 500 index only ~11% off its decade-plus high of ~1560, and things still looking far worse than they did the last time it hit this level back in 2007, (when the sub-prime crisis was considered minor, real estate prices were near their highs, Lehman Brothers bank was AAA rated, and Greek bonds only paid slightly higher yields than those of Germany) the chances grow for some normal retest of support.

    Short Term Money Flows Moving US Bond Yields and Major Stock Indices

    With a typical mid-month light economic calendar, the interaction of short term money flows into equities and credit markets, either to take profits or challenge prevailing resistance levels, could also be key to determining the very sentiment that drives them. Sound like circular reasoning? Agreed, that's the situation as I see it.

    EU PMI Figures

    These could potentially confirm or shake the ongoing calm about the EU. With risk asset markets already high, mostly due to the sudden calm about the EU sovereign debt and banking crisis (seePart 1 for details), anything that affects sentiment on the EU could have a ripple effect on global markets.

    Other Economic Calendar Events

    The big themes in this light calendar week not already mentioned above include key UK data, US housing, and, China HSBC Flash Mfg PMI.

    See any decent economic calendar like that of forexfactory.com for details and dates.

    See Part 1 for prior week market movers

    DISCLOSURE /DISCLAIMER: THE ABOVE IS FOR INFORMATIONAL PURPOSES ONLY, RESPONSIBILITY FOR ALL TRADING DECISIONS LIES SOLELY WITH THE READER. IF WE REALLY KNEW WHAT WOULD HAPPEN, WE WOULDN'T BE TELLING YOU FOR FREE, NOW WOULD WE?

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

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  • Cliff Wachtel
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    Comments (1776) | Send Message
     
    Author’s reply » Here's a short, useful for all investors & traders, preview of what to watch next week, likely prime market movers & lessons for coming week & beyond:

     

    http://seekingalpha.co...
    17 Mar 2012, 10:59 PM Reply Like
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