Trader Noble Market Commentary 06/05/2021

On 06/05/2021 TraderTalent.com is bringing you TraderNoble.com. U.S. Equity Markets rebounded on strong economic data, before ending yesterday’s session mixed after the Dow made a new all-time high while the NASDAQ closed lower. Strong jobs data served as a tailwind for markets. ADP Employment Change data showed that 742,000 jobs were added in April. While this was below Wall Street’s estimate, it marked the fourth straight month of job gains. And it was the 11th month of gains in the past 12 months. Elsewhere, Treasury Secretary Janet Yellen walked back comments about rising interest rates and fiscal spending, saying she …

Trader Noble Market Commentary 05/05/2021

On 05/05/2021 TraderTalent.com is bringing you TraderNoble.com. U.S. Equity Markets fell sharply as bond yields rose, before recovering some of these losses into the close. The NASDAQ led the decline, closing lower by 1.88%. Inflation fears and rising yields spooked markets. Remember, these factors disproportionately hurt technology companies since higher yields mean it costs more for them to raise debt to fuel growth. And since tech names now make up a huge part of the overall market, this weighed on overall markets. Treasury Secretary Janet Yellen did little to ease these concerns. She said that Interest Rates may have to …

Trader Noble Market Commentary 04/05/2021

On 04/05/2021 TraderTalent.com is bringing you TraderNoble.com. U.S. Equity Markets opened the week on a high note, with both the S&P and Dow closing higher while the NASDAQ finished yesterday’s session with a loss of 0.48%. Manufacturing data were mixed. ISM Manufacturing PMI fell unexpectedly in April as New Orders and Employment dipped. But IHS Markit Manufacturing data rose, hitting the highest level in 11 years, though respondents voiced concerns over supply-chain issues. Infrastructure news was positive. The White House said it had invited Republicans to meet with President Joe Biden and begin negotiations over their competing infrastructure spending plans. …

Trader Noble Market Commentary 30/04/2021

On 30/04/2021 TraderTalent.com is bringing you TraderNoble.com. U.S. Equity Markets rose on a volatile day, finishing the day higher, led by the Dow which rebounded 300 points off its afternoon low to close higher by 0.72%. Markets opened higher before selling off and briefly turning negative. But they rose again through the close. Federal Reserve Chairman Jerome Powell’s press conference from yesterday remained in focus, after he said that the Fed was not currently thinking about tapering its bond purchases. In terms of economic data, Jobless Claims fell to another post-pandemic low, once again showing the ongoing recovery in the …

Trader Noble Market Commentary 29/04/2021

On 29/04/2021 TraderTalent.com is bringing you TraderNoble.com. U.S. Equity Markets bounced around before briefly spiking after the Federal Reserve’s policy announcement, finishing the day mixed as the S&P again closed flat while the Dow finished with a loss of 0.48%. Markets were choppy again before the Fed’s policy announcement, which was the big story of the day. The Federal Open Market Committee ended its two-day meeting, saying it planned to hold its benchmark Interest Rate near zero. The central bank also said it would continue its Monthly Asset Purchases. In his post-meeting press conference, Fed Chair Jerome Powell said the central bank was …

Spoofing, Scalping, Scratches, Fat-Fingers, Shorts, Longs, Stop-fishing, Bars, Yards and Triple Witching – I beg your pardon?

In this article we give the uninitiated a quick look into some of the stranger trading vocabulary you might come across when trading futures and bring you up to speed on the industry lingo and its origins. Spoofing Spoofing is a forbidden practice on regulated exchanges but you will still see it happening in the DOM/trading ladder if you know what you are looking for. The strange term is thought to originate from a board game developed by the British comedian, Arthur Roberts, in 1884. It basically means to trick or hoax somebody. In the trading world the act of …

Trader Noble Market Commentary 28/04/2021

On 28/04/2021 TraderTalent.com is bringing you TraderNoble.com. U.S. Equity Markets continued their choppy trade, finishing yesterday’s session mixed as the Dow and S&P closed flat while the NASDAQ 100 fell 0.47%. Economic data were positive, highlighted by a strong Consumer Confidence number. In the past two months, optimism has moved higher at a quicker pace than any two-month period before. This month, the confidence was driven by vacation hopes and labour market strength. Home Prices continued to rise, boosted by a lack of supply, in another strong showing for the housing market. The big catalysts for the week remain in …

Trader Noble Market Commentary 27/04/2021

On 27/04/2021 TraderTalent.com is bringing you TraderNoble.com. U.S. Equity Markets rose on the first day of a busy earnings week, led by the NASDAQ which ended yesterday’s session with a gain of 0.87% while the Dow closed lower by 0.18%. Markets bounced higher on a quiet day ahead of this week’s busy earnings calendar. Infrastructure was in the news after Senators Joe Manchin and Shelley Moore Capito signalled negotiations over President Joe Biden’s infrastructure plan were making headway, but the $2.3 trillion price tag was too high. This was coupled with comments from Senator Lindsay Graham, who said that Republicans …

Trader Noble Market Commentary 26/04/2021

On 26/04/2021 TraderTalent.com is bringing you TraderNoble.com. U.S. Equity Markets ended the week on a high note, led by the NASDAQ which closed with a gain of 1.44%. Markets rebounded from Thursday’s late-day sell-off. Some of the fear over President Joe Biden’s capital gains tax proposal subsided. While the plan is likely to get the support of the House of Representatives, the path through the Senate is much tougher. The legislation will have a hard time garnering the 60 votes necessary for passage. Economic data were positive. Markit Manufacturing and Services PMI reached their highest level ever in April, on strength …

Trader Noble Market Commentary 23/04/2021

On 23/04/2021 TraderTalent.com is bringing you TraderNoble.com. U.S. Equity Markets fell despite upbeat economic data, finishing the day lower, led by the NASDAQ 100 which closed lower by 1.25%. As a result the VIX spiked for the second consecutive trading session, closing 7% higher. Markets rose throughout the morning on strong jobs data. Initial jobless claims fell once again, hitting a post-pandemic low for the second straight week. Continuing Claims also hit the lowest level in more than a year. This is a strong sign for the economic rebound. In other economic data, Existing Home Sales fell. However, homes only …