Trading The News

A good resource to use as well is briefing.com/investor to get economic indicator releases. They also let you know which ones matter, what the data says about the economy and what the consensus expectation is.

[aidaweb01]

Hi Millard,
Thanks for that link to news on FOMC numbers, but I was referring to Soultraders initial posting that said...

"Everyone was waiting for Bernie to speak. On Fed days the markets usually do 1-2-3 move. (1-2-3 moves are... initial move up/down, reversal, and then third wave back in the original direction). However on Bernie speeches, the markets tend to just GO."

I'm keen to know where I can find out about this Bernie speeches?

[milliard]

What, you want the actual transcripts of his speeches? Or just to know when he's due to speak?

The actual dates & times will be available on the calendar, one of which KhurramNaik recommended. There are one or two others doing the rounds. I guess if you have a feed into one of the relay channels, you'll get an abridged summary of his dialogue if it warrants it. The business cable facilities such as Bloomberg or CNBC occasionally screen them too.

The important part is knowing when he's speaking, what the agenda is & the relevance to the market.

[notouch]

The only Bernie speech that really moves the market is his quarterly testimony. It's quarterly so not too hard to work out when the next one is. In all his other speeches he tends to avoid making controversial statements.

[notouch]

Biannual, not quarterly. No prizes for guessing when the next one is.

[aidaweb01]

All, Thanks for all the advice.

[wsam29]

My approach, if he is to speak , just watch price action and volume, the smarter people who knows what the heck he's talking about will lead the way.

I not only try to keep trading simple, but I'll dumb it down to my level of understanding.

[notouch]

The next one is coming up this week. It'll be interesting to see if the market reacts the same way.

[thetradingdoctor]

In response to something ( Bear hedge fund blowup, INTC, glitch or worst possible scenario which is no news), ES now down 8.5 on Globex.

Thanks

Doctor Janice