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Vancouver BC
Experience: Intermediate
Platform: NinjaTrader 7
Broker: InteractiveBrokers
Trading: SPY options
Posts: 32 since Oct 2019
Thanks Given: 10
Thanks Received: 22
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Hello! I am analyzing economic events through the skills I learned in the Bloomberg Market Certificate. It is very basic but I thought it might be good to revive the news and current events section of the forum.
2 major events on my watchlist are Retail sales on Wednesday and New Housing Starts on Thursday. I am more interested in Thursday because it has more impact on GDP. GDP impacts indexes like the S&P. I trade SPY options so this has significant impact on my trade decisions.
Re-cap of October: Lowest unemployment numbers and Poor manufacturing numbers are creating a divergence in the market. This is one of the factors creating a range formation on the S&P daily chart. I don't follow Trump tweets btw.
How do you trade the news? You wait for the release and compare the "surprise" with analyst expectations.
Here is a link to what I am seeing https://finviz.com/calendar.ashx
What is everybody's thoughts?
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