OptionsHouse

Options Trading News

September 5, 2013  Thu 2:14 AM CT

SPX: SEE CHART GET CHAIN FIND STRATEGIES
Today's schedule of economic reports is the busiest of the week, with key news from both sides of the Atlantic.

The headlines start early with European service-sector data, German manufacturer orders, and the European Central Bank's monetary announcement.

U.S. retailers will report same-store sales throughout the morning, which could affect trading in those names. The Challenger job-cut report will be announced at 7:30 a.m. ET, but the main event comes at 8:15 when ADP releases private-sector payrolls for August. Economists expect an addition of 180,000 jobs, down from 200,000 the previous month.

The Labor Department follows 15 minutes later with weekly jobless claims. Forecasters anticipate a reading of 333,000, up from 331,000 in the previous period. Higher numbers are positive for the ADP report but negative for jobless claims, and vice versa.

The Institute of Supply Management is scheduled to announce its service-sector index at 10 a.m. ET. Economists predict a reading of 54.5, down from 56 in the previous month. Figures above 50 indicate expansion, so higher numbers are positive.

The Census Department will also release factory orders at the same time, but it's unlikely to sway sentiment because it covers the now-distant month of July. Forecasts are looking for a drop of 3.7 percent, compared with a 1.5 percent gain in June.

Natural-gas and crude-oil inventories round out the session at 10:30 a.m. ET and 11 a.m. ET respectively.

The main event tomorrow is the Labor Department's key monthly non-farm payrolls report.
Share this article with your friends


Related Stories

SPX

Strong GDP boosts stocks further

August 27, 2015

S&P 500 futures rose 1 percent, resuming their rebound after economic growth and jobless claims beat estimates. Europe gained more than 2 percent, and Shanghai surged 5 percent.

SPX

Revised GDP takes center stage

August 27, 2015

The Commerce Department is expected to report that the economy expanded 3.1 percent between April and June, up considerably from its early 2.3 percent growth estimate.

SPX

Stocks try to rally again after selloff

August 26, 2015

S&P 500 futures are up 2.4 percent, adding to gains after durable-goods orders beat estimates. Europe also recovered. Asia was mixed, with Shanghai down again but Tokyo rallying about 3 percent.

SPX

Calendar focuses on durable goods

August 26, 2015

Economists forecast the Commerce Department will report a contraction of 0.6 percent for July, compared with the previous month's 3.4 percent gain.

SPX

DRJ: Why the selloff accelerated

August 25, 2015

In virtually every case we examined, the opening price of securities was 3 percent to 7 percent above the lowest traded price, which came within moments after the bell rang.

OptionsHouse

TRADING WEEKLY OPTIONS

The fastest money in the market
View full report »

Premium Services

Archived Webinar

Education & Strategy

Options Academy: Ron's Risk Calculation--A Real Life Example

It is rare that I get a chance to give a real-life, real-time example in my articles that the readers were not only following but were actually involved in at the time the event is happening. Well, that is where we are right now in our QQQ trade from last week. Let's recap the trade itself.

View more education articles »