From the desk of Joe Rios…
Last Wednesday’s surprising decline in Q1 GDP got everyone’s attention. The S&P 500 continued to trade sideways but providing intraday trading opportunities. As you can see from the chart below, RiosQuant performance coach EP Preston took the Dow Jones futures for a short profitable trade during the TradeLAB. Following the GDP report the US Treasury 10 year note rallied while the US dollar sold off. With a weaker US dollar, the USD/CAD and USD/JPY Forex pairs continued to slide lower while the EUR/USD and the Swiss Franc futures closed the week at a key resistance level.
There is plenty of scheduled economic data releases in the week ahead, I will also continue to pay close attention to markets that closed the week at key price patterns/levels. Rotation flows and correlations have been very helpful for market selection therefore I will continue to focus on this analysis for identifying trading opportunities. Also remember that we have important employment data and a short trading week.
Live Trading Rooms and Educational Events
The Trading Room TradeLAB
https://www3.gotomeeting.com/
Global Trading with Quantitative Technologies
Monday through Friday
RQ trade coaches include Edward Preston, Steve Schwartz 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.
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The Trading Room EDU – Educational Workshop
Covering the Rios Quant Trading Indicators:
Tuesday beginning at 7:30 PM ET
https://www3.gotomeeting.com/
Topic: Automated Trading with RQ-Einstein
Presenter: Steve Schwartz
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Wednesday beginning at 1:00 PM ET
https://www3.gotomeeting.com/
Topic: Momentum Trading – Crude Oil and E-mini Stock Futures
Presenter: Steve Schwartz
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Wednesday beginning at 7:30 PM ET
https://www3.gotomeeting.com/
The RiosQuant 90 Day Training Program – Workshop
Training Session 1 of 12 with Edward Preston
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Saturday beginning at 11:00 AM ET
https://www3.gotomeeting.com/
Topic: Follow the RiosQuant 3 Step Trading Sequence
Presenter: Steve Schwartz
Monday
5:00 AM EUR CPI Flash Estimate
8:30 AM CAD GDP
9:45 AM USD Chicago PMI
10:00 AM USD Pending Home Sales
9:00 PM CNY Manufacturing PMI
9:45 PM CNY HSBC Final Manufacturing PMI
Tuesday
12:30 AM AUD RBA Rate Statement
4:30 AM GBP Manufacturing PMI
5:00 AM EUR Unemployment Rate
10:00 AM USD ISM Manufacturing PMI
9:30 PM AUD Trade Balance
Wednesday
4:30 AM GBP Construction PMI
8:15 AM USD ADP Nonfarm Employment Change
10:30 AM Crude Oil Inventories
11:00 AM USD Fed Chair Yellen Speaks
9:00 PM AUD RBA Gov. Stevens Speaks
9:00 PM CNY Nonmanufacturing PMI
9:30 PM AUD Retail Sales And Building Approvals
Thursday
4:30 AM GBP Services PMI
7:45 AM EUR Minimum Bid Rate
8:30 AM EUR ECB Press Conference
8:30 AM CAD Trade Balance
8:30 AM USD Trade Balance
8:30 AM USD Nonfarm Employment Change
10:00 AM USD ISM Nonmanufacturing PMI
10:30 AM Natural Gas Storage