Last week the Chinese policymakers lowered bank reserve requirements intended to add liquidity to the markets and consequently the global stock markets rallied. The Nasdaq closed the week at historic highs, 4.2% higher followed by the Nikkei 2.6% and the S&P 500 gained 1.7% at the top edge of the recent trading range. Volatility dropped -6.5% but is a spike in volatility knocking at the door? There is plenty of potential market moving events in the week ahead. We have a busy calendar for economic data, it is also the heart of earnings season, with Apple’s report leading off the week. The Fed has a two-day meeting and market participants are expecting a policy announcement. Greece is back on the spotlight as a breakdown came at a recent gathering in Riga, Latvia. Greece heads into a week of heightening fiscal tension. The first of two International Monetary Fund payments is due on May 6 and the government still doesn’t know if it has enough money to pay pensioners and state employees this week.
Combining correlation analysis with basic box trading techniques helped push our trading performance results robustly during the past week. The key approach was to be prepared in order to identify the most favorable trade set ups with a low risk factor compared to a much higher profit potential. You’ve heard me say during past training sessions, if it isn’t broken don’t fix it. So I head into this coming week with the same approach, applying correlations in order to identify money flows and box trading tactics with our basic indicators. The Swiss Franc currency, Gold and Crude Oil futures helped push our performance considerably higher. Which market will it be in the week ahead? I personally invite you to trade with us in our live trading room. Discover how the markets truly work with each other, often providing us with market direction in advance.
Joe Rios – Founder, Rios Quantitative LLC
Live Trading Rooms and Educational Events
The Trading Room TradeLAB – Global Trading with Quantitative Technologies
Monday through Friday
RQ trade coaches include Agustin Criado and Joe Rios. Live demonstration of our pre-market quantitative analysis, real-time trading signals with RQ algorithmic technology, strategy performance review and Q&A session.
ATTENTION MEMBERS – To access The Trading Room® TradeLAB please log-in on the riosquant.com site and click on the link under The Trading Room. If you are already logged in, then click on the “My Account” found on the upper right hand corner of the first page.
Insider’s Quant Room – Advance Training With Joe Rios
6:40 PM AUD RBA Gov. Stevens Speaks
4:30 AM GBP Preliminary GDP
8:45 AM CAD BOC Gov. Poloz Speaks
10:00 AMUSD CB Consumer Confidence
6:45 PM NZD Trade Balance
All Day EUR German Preliminary CPI
8:30 AM USD Advance GDP
10:00 AMUSD Pending Home Sales
10:30 AMCL Crude Oil Inventories
2:00 PM USD FOMC Statement
5:00 PM NZD RBNZ Rate Statement
TentativeJPY Monetary Policy Statement
TentativeJPY BOJ Press Conference
5:00 AM EUR CPI Flash Estimate
8:30 AM USD Unemployment Claims
8:30 AM CAD GDP
9:45 AM USD Chicago PMI
10:30 AMCAD BOC Gov. Poloz Speaks
10:30 AMNG Natural Gas Storage
9:00 PM CNY Manufacturing PMI
9:30 PM AUD PPI
4:30 AM GBP Manufacturing PMI
10:00 AMUSD ISM Manufacturing PMI
THERE IS A SUBSTANTIAL RISK OF LOSS IN TRADING COMMODITY FUTURES, OPTIONS, AND FOREIGN EXCHANGE PRODUCTS. PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS