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Monday, May 1, 2017 - Weekly e-Newsletter - Issue No. 754

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Economic Calendar
Date
ET
Release
For
Consensus
Prior
May 01
08:30
Personal Income
Mar
NA
0.4%
May 01
08:30
Personal Spending
Mar
NA
0.1%
May 01
08:30
PCE Prices
Mar
NA
0.1%
May 01
08:30
PCE Prices - Core
Mar
NA
0.2%
May 01
10:00
Construction Spending
Mar
NA
0.8%
May 01
10:00
ISM Index
Apr
NA
57.2
May 02
14:00
Auto Sales
Apr
NA
4.59M
May 02
14:00
Truck Sales
Apr
NA
8.65M
May 03
07:00
MBA Mortgage Applications Index
04/29
NA
+2.7%
May 03
08:15
ADP Employment Change
Apr
NA
263K
May 03
10:00
ISM Services
Apr
NA
55.2
May 03
10:30
Crude Inventories
04/29
NA
-3.64 mln
May 03
14:00
FOMC Rate Decision
May
NA
0.875
May 04
07:30
Challenger Job Cuts
Apr
NA
-2.0%
May 04
08:30
Trade Balance
Mar
NA
-$43.6B
May 04
08:30
Initial Claims
04/29
NA
257K
May 04
08:30
Continuing Claims
04/22
NA
1988K
May 04
08:30
Productivity-Prel
Q1
NA
1.3
May 04
08:30
Unit Labor Costs
Q1
NA
1.7%
May 04
10:00
Factory Orders
Mar
NA
1.0%
May 04
10:30
Natural Gas Inventories
04/29
NA
74 bcf
May 05
08:30
Nonfarm Payrolls
Apr
NA
98K
May 05
08:30
Nonfarm Private Payrolls
Apr
NA
89K
May 05
08:30
Unemployment Rate
Apr
NA
4.5%
May 05
08:30
Avg. Hourly Earnings
Apr
NA
0.2%
May 05
08:30
Average Workweek
Apr
NA
34.3
May 05
15:00
Consumer Credit
Mar
NA
$15.2B
 
This Week in History

5/3/1933 - Nellie Taylor Ross was named head of U.S. Mint; she was first woman to hold this position

5/4/1932 - Al Capone was sentenced to 11 years and made to pay $80,000 for tax evasion

5/5/1933 - William Woodin was named 51st Secretary of Treasury; credited for helping Roosevelt during famoun Banking Holiday

5/6/1935 - Works program Administration started work this day creating 8.5 mill jobs for ailing US economy

5/7/1998 - Chrysler signed $38 billion deal with German Daimler-Benz AG

This Week’s Featured Indicator:
PARABOLIC SAR

Developed by Welles Wilder, Parabolic SAR (or stop-and-reversal) is an indicator used to help determine the momentum of an asset’s price movements. The interpretation of price momentum rests on the dots. A dot below the asset’s price indicates a “bullish” momentum while a dot above indicates a “bearish” momentum. If price violates the dot (which would be considered a “stop” or “reversal” point), then it indicates the possibility of a reversal in trend.

PROS:

  • Parabolic SAR can be used in combination with other indicators to gauge or confirm a trend.
  • The dots can be used to indicate points at which price reversals can be anticipated.
  • Some traders have used the dots for stop loss or stop and reverse orders (though this may prove to be risky if markets move sideways or if reversals are small retracements that will once again reverse).

CONS:

  • During sideways market movements, price will violate upper and lower dots frequently as there may not be any momentum or trend present.
  • The Parabolic SAR is not capable of showing longer term trend momentum; the dots are calculated based on momentum, so that as price continues to extend, the dots move closer to the price.
 

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