Patience First. Action Second.
January 21, 2020
Click Here to review last night’s recording that includes Tom’s 7 trade ideas
Pre-Market Planner
Friday Market Review
Reference Bar 3 opened at 3325.25. The high of RB3 was 3326.00 and the low was 3320.00. The market moved a little higher to 3326.50 and then dropped to 3319.00. it bounced up to 3326.50 and held support at 3323.50. The market found resistance at 3326.25 and support at 3323.50. It rallied to 3326.25 after RB4 and dropped to 3321.25. It then rallied to 3330.25 and pulled back to 3323.00. The market closed at 3323.75.
Upcoming News
Tuesday
- No US Economic Reports
Wednesday
- 6:00am MBA Mortgage Applications
- 7:30am Chicago Fed National Activity Index
- 7:55am Redbook
- 8:00am FHFA House Price Index
- 9:00am Existing Home Sales
Thursday
- 7:30am Jobless Claims
- 9:00amLeading Indicators
- 9:30am EIA Natural Gas Report
- 10:00am Kansas City Fed Manufacturing Index
- 10:00am EIA Petroleum Status Report
- 3:30pm Fed Balance Sheet
- 3:30pm Money Supply
Friday
- 8:45am PMI Composite Flash
- 12:00pm Baker-Hughes Rig Count
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