Stock market is expected to open higher because its ECB fine tuning day. Today's rally was because of ECB's LTRO. In last 2 week, ECB has conducted 3 LTRO and 2 Fine tuning operation to keep this market higher. Mid day there could be reversal as the pressure of Fed tapering is on.
Gold and Silver will be back in pressure because of the Fed tapering news. So watchout DUST, NUGT as this can easily swing between 3-5% very easily. At the same time becareful playing, ETF as they are highly manipulated especially UVXY, XIV, TVIX . Don't bet big and Don't hold this stock too long. On a bring green day AAPL was lagging.
I'll be watching P, CLDX, DDD, XONE, and DUST
Earning before market open:
FDS, GAGA, TWGP
Earnings after market close:
ADBE, ALCS
Economic Calendar:
| Session | Time | Currency | Event | Impact | Actual | Forecast | Prev. | |||
|---|---|---|---|---|---|---|---|---|---|---|
| 3:00 | EUR | ECB's Nowotny speaks at Vienna conference | low | |||||||
| 4:00 | EUR | Current account (nsa) | med | 26.1 | ||||||
| 4:00 | EUR | Current account (sa) | med | 16.9 | ||||||
| 5:00 | EUR | ZEW (Economic Sentiment) | low | 44 | ||||||
| 5:00 | EUR | Trade balance (nsa) | low | 20.5 | 17.3 | |||||
| 5:00 | EUR | German ZEW (Current Conditions) | high | 20 | 18.3 | |||||
| 5:00 | EUR | German ZEW (Economic Sentiment) | high | 45 | 42 | |||||
| 6:45 | EUR | EU's Barroso meets Greek PM Samaras in Brussels | low | |||||||
| 8:15 | USD | Treasury Secretary Lew speaks at Economic club of Washington | low | |||||||
| 8:30 | USD | CPI | high | 0.2 | 0.2 | |||||
| 8:30 | USD | CPI (ex Food & Energy) | med | 0.2 | 0.2 | |||||
| 9:00 | EUR | EU's Van Rompuy and Greek PM Samaras hold meeting in Brussels | low | |||||||
| 9:00 | USD | Net Long-term TICS Flows | low | -15 | -66.9 | |||||
| 10:00 | USD | US CBO releases Federal budget outlook | low | |||||||
| 10:00 | USD | NAHB Builders survey | med | 58 | 59 | |||||
| 11:30 | EUR | EU's Van Rompuy and Italy's Grasso hold press conference | low | |||||||
| 20:00 | EUR | ECB Governing Council and General Council hold non-rate setting meeting (to 19 Sep) | med | |||||||
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