US Economics (Time Zone: EDT)<\/strong><\/p>\n08:30 Empire Manufacturing (Aug): exp. 2, prior 0.55
\n10:00 NAHB Housing Market Index (Aug): exp. 60, prior 59
\n16:00 Total Net TIC Flows (Jun): prior -$11.0b
\n16:00 Net Long-term TIC Flows (Jun): prior $41.1b<\/p>\n
Global Economics<\/strong><\/p>\nSunday<\/p>\n
19:50 JPY GDP<\/p>\n
Monday<\/p>\n
00:30 JPY Industrial Production
\n09:00 CAD Existing Home Sales
\n21:30 AUD RBA Aug. Meeting Minutes<\/p>\n
Earnings<\/strong><\/p>\nBefore the Open:<\/p>\n
500.com\u00a0<\/strong>(WBAI)<\/p>\nAfter the Close:<\/p>\n
Fabrinet<\/strong>\u00a0(FN)
\nVipshop Holdings<\/strong>\u00a0(VIPS)
\nSysco<\/strong>\u00a0(SYY)<\/p>\n","protected":false},"excerpt":{"rendered":"Did you miss Dave Green\u2019s webinar last night? Click here to check out a replay. By Michael Comeau 1) Lousy, Lousy, Lousy Numbers US economic data missed across the board today: -Retail sales were flat in July vs. consensus of +0.4% -PPI was -0.4% vs. consensus of +0.1% -U. of Michigan Sentiment for August was 90.4 vs. 91.5 consensus Let’s dive in and \u00a0look at the trend: The Citi US Economic Surprise Index has surged this year — especially after the June 24 Brexit. This indicates that economic data was beating expectations However, it started diving with the weak July 29 GDP report. So while one day of weak numbers isn\u2019t worth getting excited over, the trend is indeed turning down and should be watched. 2) YAWN\u2026 US stocks put in yet another remarkably boring low-volatility day. The S&P 500 traded in a very tight 7-point range before finishing -0.1% at 2184.05. The Nasdaq and Russell 2000 also barely moved. The real action today was in crude oil, which rose 2.7% to $44.65 after Saudi Arabia\u2019s energy minister said OPEC may act to prop up the oil market. We also saw a nice intra-day rebound in biotechnology and pharmaceutical stocks, which slumped yesterday. The VIX dropped again today to reflect the lackluster action, though not everyone thinks that condition will last\u2026 3) Jeff Cooper\u2019s Volatility Play This afternoon, T3 Live\u2019s Jeff Cooper initiated a long trade in UVXY from $21.14: An hourly\u00a0SPX\u00a0from 8\/8 shows a possible Megaphone Top pattern on the hourlies. The index is trying to stabilize at its 50 period on the hourlies here, but if it falters before the bell the Megaphone pattern will be triggered. While this is a very short-term pattern, bull markets in a Friday (particularly summer Fridays) like to close at\/near session highs so a meaningful extension to the downside before the close could indicate a reaction is on the table next week. Let’s initiate a PILOT long in\u00a0UVXY, which is a leveraged volatility play. Timed correctly, UVXY is very explosive. But keep in mind this is a very volatile vehicle and may not be for everyone. Last August it went from $130 to $450 in 9 trading days. Click here for more information on Jeff Cooper\u2019s Daily Market Report Monday\u2019s Trading Preview US Economics (Time Zone: EDT) 08:30 Empire Manufacturing (Aug): exp. 2, prior 0.55 10:00 NAHB Housing Market Index (Aug): exp. 60, prior 59 16:00 Total Net TIC Flows (Jun): prior -$11.0b 16:00 Net Long-term TIC Flows (Jun): prior $41.1b Global Economics Sunday 19:50 JPY GDP Monday 00:30 JPY Industrial Production 09:00 CAD Existing Home Sales 21:30 AUD RBA Aug. Meeting Minutes Earnings Before the Open: 500.com\u00a0(WBAI) After the Close: Fabrinet\u00a0(FN) Vipshop Holdings\u00a0(VIPS) Sysco\u00a0(SYY)<\/p>\n","protected":false},"author":6,"featured_media":4851,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,1],"tags":[147,172,20,38,104,8],"class_list":["post-4855","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-articles","category-uncategorized","tag-economics","tag-economy","tag-jeffcooper","tag-jeff-cooper-trader","tag-oil","tag-stocks"],"_links":{"self":[{"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts\/4855","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/comments?post=4855"}],"version-history":[{"count":0,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts\/4855\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/media\/4851"}],"wp:attachment":[{"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/media?parent=4855"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/categories?post=4855"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/tags?post=4855"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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