Trader Noble Market Commentary 07/04/2021

On 07/04/2021 TraderTalent.com is bringing you TraderNoble.com. Opinion – Wednesday 7 April 2021 U.S. Equity Markets traded in a narrow range before closing below Monday’s record highs, led by the Dow which finished lower by just 0.29%. The International Monetary Fund boosted its global growth outlook for 2021 on strength from accelerating COVID-19 vaccinations On infrastructure, Senate Parliamentary Elizabeth MacDonough confirmed the Chamber could use the reconciliation process again this calendar year to pass President Joe Biden’s infrastructure plan. Economic data were also positive. JOLTS Job Openings for February came in well above estimates, signalling that businesses are preparing to …

Trader Noble Market Commentary 06/04/2021

On 06/04/2021 TraderTalent.com is bringing you TraderNoble.com. The Department of Labour reported last Friday that the Employment data for March indicated companies added 916,000 jobs (versus the 647,000 expectation), while the unemployment rate fell to 6.0%. Yesterday both the S&P and Dow closed at yet another new all-time high with the S&P ending yesterday’s session with a gain of 1.44%. Meanwhile the NASDAQ 100 closed higher by 2.02%. U.S. Equity Markets gained on follow through from Friday’s strong economic data. Economic data out yesterday was also positive. ISM Non-Manufacturing data rose to a record high in March, on strength in …

Trader Noble Market Commentary 01/04/2021

On 01/04/2021 TraderTalent.com is bringing you TraderNoble.com. U.S. Equity Markets rebounded yesterday, finishing the day higher, despite a late sell-off into the Close. The NASDAQ 100 led the rally ending the day with a gain of 1.51%. The S&P made a new all-time high before a late sell-off saw the rally cut  to a gain of 0.37%. Federal Reserve Bank Governor Randal Quarles said he is optimistic about domestic economic growth, but the central bank will remain patient with its “above target” inflation. This continued the recent optimistic commentary from other Fed presidents. President Joe Biden is set to reveal …

Trader Noble Market Commentary 31/03/2021

On 31/03/2021 TraderTalent.com is bringing you TraderNoble.com. U.S. Equity Markets continued their choppy trade, finishing the day lower, led by the NASDAQ 100 which closed with a loss of 0.56%. A spike in bond yields weighed on markets. This has been a theme playing out over the past few weeks. Higher bond yields spark fears of higher borrowing costs, which could impact the growth outlook for some companies. Other news was positive, however. President Joe Biden said 90% of all U.S. adults should be eligible to receive a COVID-19 inoculation by April 19, boosting the economic outlook. And Consumer Confidence …

Trader Noble Market Commentary 30/03/2021

On 30/03/2021 TraderTalent.com is bringing you TraderNoble.com. U.S. Equity Markets bounced around to start the week, finishing the day mixed as the Dow tested all-time highs to close with a gain of 0.60% while the Small Cap Russell 2000 closed 2.83% lower. Markets declined in the early morning before recovering throughout the day. There was some uncertainty around the U.S.’s relationship with China, after U.S. Trade Representative Katherine Tai said the White House is open to trade negotiations with China, but it won’t be removing tariffs in the near future. There were also worries about a leveraged trade unwind, as …

Trader Noble Market Commentary 29/03/2021

On 29/03/2021 TraderTalent.com is bringing you TraderNoble.com. Opinion – Monday 29 March 2021 U.S. Equity Markets continued Thursday’s reversal ending the week higher, led by the S&P which closed Friday with a gain of 1.66%. Economic data eased inflation fears. Core personal consumption expenditures (“PCE) came in at 1.4%, below the 1.5% expectation. PCE is the Federal Reserve’s preferred inflation gauge, which indicates that a spike in inflation is not an issue yet, and that the Fed won’t raise interest rates anytime soon. This falls in line with commentary from Philadelphia Fed president Patrick Harker, who said that he is …

Trader Noble Market Commentary 26/03/2021

On 26/03/2021 TraderTalent.com is bringing you TraderNoble.com. U.S. Equity Markets reversed early afternoon losses before ripping higher into the close, led by the Dow which ended the day with a gain of 0.62%, having rallied over 550 points of its 32070 low print. Markets fell in the morning before recovering throughout the rest of the day. The vaccine news from AstraZeneca drove the initial sell-off. The news of lower efficacy data calls into question whether AstraZeneca’s releases can be trusted, likely extending the time before an emergency use authorisation (EUA) will be approved. Economic data were positive, however. Initial Jobless …

Trader Noble Market Commentary 25/03/2021

On 25/03/2021 TraderTalent.com is bringing you TraderNoble.com. U.S. Equity Markets rebounded from Tuesday’s sell-off before falling into the close led by the NASDAQ which ended yesterday’s session with a loss of 2%. Federal Reserve Governor Lael Brainard said the central bank will employ a patient approach to Interest Rate hikes based on outcomes rather than projections. Federal Reserve Chairman Jerome Powell gave another Testimony before Congress. He said the central bank anticipates inflation will rise in 2021. However, he highlighted that he does not see a sustained pickup. Meanwhile, health care services company Catalent said it received approval by the …

machine trading

Trade Against the Machine – Upcoming Article

Too often it’s rage against the machine for day traders. In this upcoming article we will examine the technical aspects of how many of the high frequency trading bots take advantage of order flow and explain how you can best equip yourself to avoid draw-downs a as a result and instead spot patterns for profitable exploitation of their programming. Publishing Soon…