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Trading Radar: Can't Keep the Market Down

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Rain or shine, we reivew the day's biggest stock stories.

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Over the last two weeks bulls and bears have been looking for a 5 to 10% correction in the US equity markets. The problem is, every minor correction is has been met with buyers.

Next week will be the first week of September; however most trading desks will be light as it's the last week of summer. That being said, the traders that decided to come to work next week will be waiting for the all important jobs number.

Analysts expected unemployment rate to go to 9.5% while nonfarm payrolls are currently being estimated at -225k.




Monday, August 31


Economics

09:45 Chicago PMI 47.2 cons.

Earnings

Before:

After: SINA

Events

Auctions: 3 and 6 month auction at 1PM EST

Tuesday, September 1

Economics

10:00 Construction Spending -0.2% cons.
10:00 ISM Index 50.2 cons.

Earnings

Before: CRMT, TUTR

After: ADCT, APSG, DCI, SEAC, TTWO, PAY

Events

Auctions: 4 week auction 1:00 PM

Wednesday, September 2

Economics

08:30 ADP Employment Change -246k cons.
08:30 Productivity 6.1% cons.
10:00 Factory Orders 1.5% cons.
10:30 Crude Inventories
02:00 FOMC Minutes

Earnings

Before: BRLI, BTH, BF.B, JOYG, SYNO, ZLC

After: ABM, PSS, GEF, MATK, OXM, SAI

Events

Thursday, September 3

Economics

08:30 Initial Jobless Claims 570k cons.
10:00 ISM Services 48.0 cons.

Earnings

Before: AHII, CIEN, DLM, JTX, LAYN, MEI, MOV, TK, UTIW

After: ARST, COO, ESL, GIII, ZQK, SNDA, TSCM, ULTA

Events

Friday, September 4

Economics

08:30 Average Workweek 33.1 cons.
08:30 Hourly Earnings 0.1% cons.
08:30 Nonfarm Payrolls -225k cons.
08:30 Unemployment Rate 9.5% cons.

Earnings

Before: HRB

After:

Events
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No positions in stocks mentioned.

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