Daily Delphi

Blogs: Pit Talk | Daily Delphi

Blogs › Pit Talk

Wednesday - 5/14/14 May 14, 2014, 6:50 am

CALENDAR 7:30 AM CT PPI for Apr Prior 0.5% Forecast 0.2% Core PPI for Apr Prior 0.6% Forecast 0.2% 9:30 AM CT Crude Inventories for 5/10 Prior -1.781M

View Post »

Tuesday - To the moon and beyond. May 13, 2014, 6:50 am

CALENDAR 7:30 AM CT Retail Sales for Apr Prior 1.2% Forecast 0.3% Retail Sales ex-auto for Apr Prior 0.7% Forecast 0.6% Export Prices ex-ag for Apr Prior 0.5% Import Prices ex-oil for Apr Prior 0.3% 9:00 AM CT Business Inventories for...

View Post »

Monday - Another week of new highs? May 12, 2014, 6:50 am

CALENDAR 1:00 PM CT Treasury Budget for Apr Prior +114.0B Forecast +112.9B TODAY'S ACTION Overnight Asian markets were firmer and European markets are trading higher in midsession trade. Here in the US there are no major earnings releases or...

View Post »

Friday - Nasdaq set to post loss for the week. Other indices relatively unmoved. May 9, 2014, 6:50 am

CALENDAR 9:00 AM CT Wholesale Inventories for Mar Prior 0.5% Forecast 1.1% JOLTS Job Openings for Mar Prior 4.173M TODAY'S ACTION Asian markets ended the week mixed and European markets are lower in midsession trade. It's been a relatively...

View Post »

Thursday - Looking for some follow through. May 8, 2014, 6:50 am

CALENDAR 7:30AM CT Initial Claims for 5/03 Prior 344K Forecast 325K Continuing Claims for 4/26 Prior 2771K Forecast 2750K 9:30AM CT Natural Gas Inventories for 5/03 Prior 82bcf WEDNESDAY RECAP Early in the day the Russians made peace...

View Post »

Wednesday - Yellen speaks. May 7, 2014, 6:50 am

CALENDAR 6:00 AM CT MBA Mortgage Index for 5/03 Prior -5.9% 7:30 AM CT Productivity - Prel for Q1 Prior 1.8% Forecast -1.2% Unit Labor Cost for Q1 Prior -0.1% Forecast 2.5% 9:30 AM CT Crude Inventories for 5/3 Prior 1.698M 2:00 PM...

View Post »

Tuesday - Only two down Tuesdays so far in 2014. May 6, 2014, 6:50 am

CALENDAR 7:30 AM CT Trade Balance for Mar Prior -42.3B Forecast -$42.5B TODAY'S ACTION Overnight the Asian indices were down and European indices are trading lower in midsession trade. Looking at today's US trade, the Census Bureau is...

View Post »

Thursday - Cloudy skies with little to no growth expected. May 1, 2014, 6:50 am

CALENDAR 7:30 AM CT Initial Claims for 4/26 Prior 320K Forecast 329K Continuing Claims for 4/19 Prior 2680K Forecast 2725K Personal Income for Mar Prior 0.3% Forecast 0.5% Personal Spending for Mar Prior 0.3% Forecast 0.7% PCE Prices Core...

View Post »

Wednesday - Final day of April April 30, 2014, 6:50 am

CALENDAR 7:15 AM CT ADP Employment Change for Apr Prior 191K Forecast 215K 7:30 AM CT GDP-Adv. for Q1 Prior 2.6% Forecast -0.7% Chain Deflator-Adv. for Q1 Prior 1.6% Forecast 2.2% Employment Cost Index for Q1 Prior 0.5% Forecast 1.0% 8:45...

View Post »

Tuesday - April 29 April 29, 2014, 6:50 am

CALENDAR 8:00 AM CT Case-Schiller 20-City Index for Feb Prior 13.0% Forecast 13.2% 9:00 AM CT Consumer Confidence for Apr Prior 82.3Forecast 83.5

View Post »

Friday - Russia rattled its sabre. April 25, 2014, 6:50 am

Now you can log into the site using your StockTwits account!! CALENDAR 8:55 AM CT Michigan Sentiment - final for Apr Prior 82.6 Forecast 82.0 THURSDAY'S ACTION The Dow ended the day unchanged while the Nasdaq and S&P both put winners on...

View Post »

Thursday - 7th inning stretch. April 24, 2014, 6:50 am

CALENDAR 7:30 AM CT Initial Claims for 4/19 Prior 304K Forecast 315K Continuing Claims for 4/12 Prior 2739K Forecast 2750K Durable Orders for Mar Prior 2.2% Forecast 2.0% Durable Goods ex-transportation for Mar Prior 0.1% Forecast...

View Post »

Wednesday - Earnings, earnings, earnings. April 23, 2014, 6:50 am

CALENDAR 9:00 AM CT New Home Sales for Mar Prior 440K Forecast 450K 9:30 AM CT Crude Inventories for 4/19 Prior 10.013M TUESDAY RECAP The S&P put together its sixth consecutive winner yesterday closing up +9.50 at 1873.90. The run has...

View Post »

Monday - Leading Indicators. April 21, 2014, 6:50 am

CALENDAR 9:00 AM CT Leading Indicators for Mar Prior 0.5% Forecast 0.7%

View Post »

Thursday - Tough day for tech? April 17, 2014, 6:50 am

CALENDAR 7:30 AM CT Initial Claims for 4/12 Prior 300K Forecast 320K Continuing Claims for 4/5 Prior 2776K Forecast 2800K 9:00 AM CT Philly Fed for April Prior 9.0 Forecast 8.6 9:30 AM CT Natural Gas Inventories for 4/12 Prior 4 bcf...

View Post »

Wednesday - Looking for a strong open. April 16, 2014, 6:50 am

CALENDAR 7:30 AM CT Housing Starts for Mar Prior 907K Forecast 935K Building Permits for Mar Prior 1018K Forecast 990K 8:15 AM CT Industrial Production for Mar Prior 0.6% Forecast 0.6% Capacity Utilization for Mar Prior 78.4% Forecast...

View Post »

Tuesday - Hand over your money or else. April 15, 2014, 6:50 am

CALENDAR 7:30 AM CT CPI for March Prior 0.1% Forecast 0.1% Core CPI for March Prior 0.1% Forecast 0.1% Empire Manufacturing for April Prior 5.6 Forecast 7.5 8:00 AM CT Net Long-Term TIC Flows for Feb Prior $7.3B 9:00 AM CT NAHB Housing...

View Post »

Monday - Up, down - maybe all around. April 14, 2014, 6:50 am

CALENDAR 7:30 AM CT Retail Sales for Mar Prior 0.3% Forecast 1.2% Retail Sales ex-auto for Mar Prior 0.3% Forecast 0.7% 9:00 AM CT Business Inventories for Feb Prior 0.4% Forecast 0.6% TODAY'S ACTION Asian markets closed mixed and...

View Post »

Monday - April 7 April 7, 2014, 6:50 am

CALENDAR 2:00 PM CT Consumer Credit for Feb Prior 13.7B Forecast 13.9B

View Post »

Wednesday - A spring in the markets step. April 2, 2014, 6:50 am

CALENDAR 7:15 AM CT ADP Employment Change for March Prior 139 K Forecast 215K 9:00 AM CT ADP Factory Orders for Feb Prior -0.7% Forecast 1.1% 9:30 AM CT Crude Inventories for 3/29 Prior 6.619M TUESDAY RECAP The equities started the...

View Post »

Tuesday - Yesterday's close gives hope for a fresh start. April 1, 2014, 6:50 am

CALENDAR 9:00 AM CT ISM Index for March Prior 53.2 Forecast 54 Construction Spending for Feb Prior 0.1% Forecast 0.0% MONDAY RECAP Equities finished the month on an upbeat note. Most of the buying came in the first hour or so, after that...

View Post »

Monday - Slow start to a long week. March 31, 2014, 6:50 am

CALENDAR 8:45 AM CT Chicago PMI for March Prior 59.8 Forecast 60.1 FRIDAY RECAP The equity indices started Friday on a strong note with the Nasdaq leading the way before giving back much of the early gains and settling modestly higher across...

View Post »

Thursday - Citi may be the story today. March 27, 2014, 6:50 am

CALENDAR 7:30 AM CT Initial Claims for 3/22 Prior 320K Forecast 330K Continuing Claims for 3/15 Prior 2889K Forecast 2900K GDP - 3rd Estimate for Q4 Prior 2.4% Forecast 2.6% GDP Deflator - 3rd Estimate for Q4 Prior 1.6% Forecast 1.6% 9:00...

View Post »

Wednesday - Sideways trade may continue. March 26, 2014, 6:50 am

CALENDAR 7:30 AM CT Durable Orders for Feb Prior -1.0% Forecast 1.0% Durable Goods ex-transportation for Feb Prior -1.1% Forecast 0.3% 9:30 AM CT Crude Inventories for 3/22 Prior 5.850M TUESDAY RECAP The major indices managed to eek out...

View Post »

Tuesday - Waiting for some data. March 25, 2014, 6:50 am

TODAY'S CALENDAR 8:00 AM CT Case-Schiller 20-City Index for Jan Prior 13.4% Forecast 13.5% FHFA Housing Price Index for Jan Prior 0.8%% 9:00 AM CT Consumer Confidence for Jan Prior 78.1 Forecast 78.0 New Home Sales for Jan Prior 468K...

View Post »

Monday - No data but plenty of news. March 24, 2014, 6:50 am

CALENDAR No economic releases today. FRIDAY RECAP The stock market ended an upbeat week on a down note Friday. The Nasdaq lost -42.50, the S&P gave up -5.61 and the Dow ended down -28,35. With no economic data to get in the way equities...

View Post »

Thursday - Welcome to the big leagues Chairwoman Yellen. March 20, 2014, 6:50 am

CALENDAR 7:30 AM CT Initial Claims for 3/15 Prior 315K Forecast 330K Continuing Claims for 3/08 Prior 2855K Forecast 2900K 9:00 AM CT Existing Home sales for Feb Prior 4.62M Forecast 4.55M Philly Fed for March Prior -6.3 Forecast...

View Post »

Wednesday - March 19th March 19, 2014, 6:50 am

CALENDAR 6:00 AM CT MBA Mortgage Index for 3/15 Prior -2.1% 7:30 AM CT Current Account Balance for Q4 Prior -94.8B Forecast -88.0B 9:300 AM CT Crude Inventories for 3/15 Prior 6.180M 1:00 PM CT FOMC Rate Decision for March Prior 0.25%...

View Post »

Tuesday - Yesterday was a rally for world peace. March 18, 2014, 6:50 am

CALENDAR 7:30 AM CT Housing Starts for Feb Prior 880K Forecast 900K Building Permits for Feb Prior 937K Forecast 950K CPI for Feb Prior 0.1% Forecast 0.2% Core CPI for Feb Prior 0.1% Forecast 0.1% MONDAY RECAP Yesterday's rally in the...

View Post »

Monday March 17, 2014, 6:50 am

CALENDAR 7:30 AM CT Empire Manufacturing for March Prior 4.5 Forecast 2.0 8:00 AM CT Net Long Term TIC Flows for Jan Prior -45.9B 8:15 AM CT Industrial Production for Feb Prior -0.3% Forecast 0.0% Capacity Utilization for Feb Prior 78.5%...

View Post »

Friday - Russia invades the stock market. March 14, 2014, 6:50 am

CALENDAR 7:30 AM CT PPI for Feb Prior 0.2% Forecast 0.2% Core PPI for Feb Prior 0.2% Forecast 0.1% 9:55 AM CT University of Michigan Sentiment for March Prior 81.6 Forecast 82.0 THURSDAY RECAP Everyone wanted to limit their risk...

View Post »

Thursday - Trading the uncertainty. March 13, 2014, 6:50 am

CALENDAR 7:30 AM CT Initial Claims for 3/08 Prior 323K Forecast 335K Continuing Claims for 3/01 Prior 2907K Forecast 2950K Retail Sales for Feb Prior -0.4% Forecast...

View Post »

Wednesday - Chinese data continues to put a drag on the world markets. March 12, 2014, 6:50 am

CALENDAR 6:00 AM CT MBA Mortgage Index for 3/08 Prior 9.4% 9:30 AM CT Crude Inventories for 3/08 Prior 1.429M Forecast 2.0M 1:00 PM CT Treasury Budget for Feb Prior -203.5B Forecast -195B TUSDAY RECAP Copper was the story of the day...

View Post »

Monday - Looking down the barrel of a slow trading day. March 10, 2014, 6:50 am

CALENDAR No economic reports today. FRIDAY RECAP The Dow ended Friday up +0.19% and the S&P ended up only a single point but that was enough for a new record high close. The Nasdaq was the day's loser ending down -0.37%. All three...

View Post »

Friday - That dog just won't hunt. March 7, 2014, 6:50 am

CALENDAR 7:30 AM CT Non-farm Payrolls for Feb Prior 113K Forecast 110K Non-farm Private Payrolls for Feb Prior 142K Forecast 175K Unemployment Rate for Feb Prior 6.6% Forecast 6.5% Hourly Earning for Feb Prior 0.2% Forecast 0.1% Average...

View Post »

Thursday - The day before non-farm payrolls. March 6, 2014, 6:50 am

CALENDAR 6:30 AM CT Challenger Job Cuts for Feb Prior 47.3% 7:30 AM CT Initial Claims for 03/01 Prior 348K Forecast 336K Continuing Claims for 02/22 Prior 2964K Forecast 2965K Productivity - Re. for Q4 Prior 3.2% Forecast 2.5% Unit Labor...

View Post »

Wednesday - Old news fades fast. March 5, 2014, 6:50 am

CALENDAR 6:00 AM CT MBA Mortgage Index for 03/01 Prior -8.5% 7:15 AM CT ADP Employment Change for Feb Prior 175K Forecast 150K 9:00 AM CT ISM Services for Feb Prior 54.0 Forecast 53.5 9:30 AM CT Crude Inventories for 03/01 Prior...

View Post »

Tuesday - Ehhh, it's only the Ukraine, right? March 4, 2014, 6:50 am

CALENDAR No economic data to be released today. MONDAY RECAP Safe-haven assets were the buy of the day yesterday. Gold closed up +28.7, 10 year treasuries settled on their highs and the Dollar Index gained .05%. Oil rose +2.33 on the...

View Post »

Monday - Instability in Ukraine hits the markets. March 3, 2014, 6:50 am

CALENDAR 7:30 AM CT Personal Income for Jan Prior 0.0% Forecast 0.2% Personal Spending for Jan Prior 0.4% Forecast 0.1% PCE Prices - core for Jan Prior 0.1% Forecast 0.1% 9:00 AM CT ISM Index for Feb Prior 51.3 Forecast 51.6 Construction...

View Post »

Friday - Keep on talkin'. February 28, 2014, 6:50 am

CALENDAR 7:30:AM CT GDP 2nd Estimate for Q4 Prior 3.2% Forecast 2.6% GDP - Deflator 2nd Estimate for Q4 Prior 1.3% Forecast 1.3% 8:45AM CT Chicago PMI for Feb Prior 59.6 Forecast 55.0 8:55:AM CT Michigan Sentiment for FEB Prior 81.2...

View Post »

Thursday - Lots of good news, just a little gain. February 27, 2014, 6:50 am

CALENDAR 7:30 AM CT Initial Claims for 02/22 Prior 336K Forecast 335K Continuing Claims for 02/15 Prior 2981K Forecast 2975K Durable Orders for Jan Prior -4.2% Forecast -1.1% Durable Goods ex-transportation for Jan Prior -1.3%...

View Post »

Wednesday - Retailers tell the tale today. February 26, 2014, 6:50 am

REPORTS 6:00 AM CT MBA Mortgage Index for 02/22 Prior -4.1% 9:00 AM CT New Home Sales for Jan Prior 414K Forecast 400K 9:30 AM CT Crude Inventories for 02/22 Prior 0.973M TUESDAY RECAP Equities spun their wheels yesterday as the...

View Post »

Tuesday - A pina colada please. February 25, 2014, 6:50 am

TODAY'S CALENDAR 8:00 AM CT Case-Schiller 20 City Index for Dec Prior 13.7% Forecast 12.0% FHFA Housing Price Index for Dec Prior 0.1% 9:00 AM CT Consumer Confidence for Feb Prior 80.7 Forecast 81.0 MONDAY RECAP Just another day in...

View Post »

Monday - Different day, same trade. February 24, 2014, 6:50 am

TODAY'S ACTION No economic reports on the calendar today. This week looks to start the way of last week. With no good news to be found traders are contemplating reasons not to sell rather than reasons to buy. Last week we made a few runs at...

View Post »

Friday - Brutal weather the culprit, again. February 21, 2014, 6:50 am

Spread the word - now traders can make a forecast without registering on the site. TODAY'S ACTION 9:00 AM CT Existing Home Sales for Jan Prior 4.87M Forecast 4.73M Overnight the Asian markets closed mixed to slightly up and the European...

View Post »

Thursday - Global growth concerns to rule the day. February 20, 2014, 6:50 am

TODAY'S ACTION 7:30 AM CT Initial Claims for 02/15 Prior 339K Forecast 335K Continuing Claims for 02/08 Prior 2953K Forecast 2975K CPI for Jan Prior 0.2% Forecast 0.2% Core CPI for Jan Prior 0.1% Forecast 0.2% 9:00 AM CT Philadelphia Fed...

View Post »

Wednesday - If not up then down. February 19, 2014, 6:50 am

TODAY'S ACTION 6:00 AM CT MBA Mortgage Index for 02/15 Prior -2.0% 7:30 AM CT Housing Starts for Jan Prior 999K Forecast 963K Building Permits for Jan Prior 986K Forecast 980K PPI for Jan Prior 0.1% Forecast 0.2% Core PPI for Jan Prior...

View Post »

Tuesday- Back from a long weekend. February 18, 2014, 6:50 am

TODAY'S ACTION 7:30 AM CT Empire Manufacturing for Feb Prior 12.5 Forecast 7.5 8:00 AM CT Net Long-Term TIC Flows for Dec Prior -29.3B 9:00 AM CT NAHB Housing Market Index for Feb Prior 56 Forecast 55

View Post »

Friday - And the beat goes on. February 14, 2014, 6:50 am

TODAY'S ACTION 7:30 AM CT Export Prices ex-ag. for Prior 0.3% Import Prices ex-oil for Prior -0.1% 8:15 AM CT Industrial Production for Jan Prior 0.3% Forecast 0.3% Capacity Utilization for Jan Prior 79.2% Forecast 79.4% 8:55 AM...

View Post »

Thursday - The markets took a breather yesterday. February 13, 2014, 6:50 am

TODAY'S ACTION 7:30 AM CT Initial Claims for 02/08 Prior 331K Forecast 335K Continuing Claims for 02/01 Prior 2964K Forecast 2975K Retail Sales for Jan Prior 0.2% Forecast -0.1% Retail Sales ex-auto for Jan Prior 0.7% Forecast 0.2% 9:00 AM...

View Post »

Wednesday - The rally may resume now. February 12, 2014, 6:50 am

TODAY'S ACTION 6:00 AM CT MBA Mortgage Index for Prior 0.4% 9:30 AM CT Crude Inventories for 02/08 Prior 0.440M 1:00 PM CT Treasury Budget for Prior $2.9B Forecast -10.0B Unexpectedly strong January trade data out of China pushed...

View Post »

Tuesday - Walking a tightrope. February 11, 2014, 6:50 am

TODAY'S ACTION 9:00 AM CT JOLTS - Job Openings for Dec Prior 4.001M Wholesale Inventories for Dec Prior 0.5% Forecast 0.6% Humphrey Hawkins Testimony Today traders will be listening to the semianual Fed monetary policy testimony before...

View Post »

Monday - Time to reflect on Friday's rally. February 10, 2014, 6:50 am

TODAY'S ACTION Asian markets were up big overnight and European markets are making more modest gains. No economic reports are due to be released today. It could be a slow day today as traders mull over Friday's jobs report and the subsequent...

View Post »

Friday - And the world awaits. February 7, 2014, 6:50 am

TODAY'S ACTION 7:30 AM CT Nonfarm Payrolls for Jan Prior 74K Forecast 175K Nonfarm Private Payrolls for Jan Prior 87K Forecast 160K Unemployment Rate for Jan Prior 6.7 % Forecast 6.6% Hourly earnings for Jan Prior 0.1% Forecast...

View Post »

Thursday - A day of skittishness. February 6, 2014, 6:50 am

TODAY'S ACTION 6:30 AM CT Challenger Job Cuts for Jan Prior -5.9% 7:30 AM CT Initial Claims for 02/01 Prior 348K Forecast 330K Continuing Claims for 01/25 Prior 2991K Forecast 3000K Trade Balance for Dec Prior -34.3B Forecast...

View Post »

Wednesday - Dead cat bounce or not? February 5, 2014, 6:50 am

TODAY'S ACTION 6:00 AM CT MBA Mortgage Index for 02/01 Prior -0.2% 7:15 AM CT ADP Employment Change for Jan Prior 238K Forecast 176K 9:00 AM CT ISM Services for Jan Prior 53.0 Forecast 53.5 9:30 AM CT Crude Inventories for 2/01 Prior...

View Post »

Tuesday - Round 2 after yesterday's rout. February 4, 2014, 6:50 am

TODAY'S ACTION 9:00 AM CT Factory Orders for Dec Prior 1.8% Forecast -2.0% Overnight the Asian markets took another beating and European equities were trading lower across the board. Today at 9:00 AM CT the factory orders should show a...

View Post »

Monday- As goes January, so goes the year? February 3, 2014, 6:50 am

TODAY'S ACTION 9:00 AM CT ISM INDEX for Jan Prior 56.5 Forecast 56.0 Construction Spending for Dec Prior 1.0% Forecast -1.0% 1:00 PM CT Auto for Jan Prior 5.3M Truck for Jan Prior 6.6M FRIDAY RECAP Equities ended a disappointing...

View Post »

Friday - Maybe it already has. January 31, 2014, 6:50 am

TODAY'S ACTION 7:30AM CT Personal Income for Dec Prior 0.2% Forecast 0.1% Personal Spending for Dec Prior 0.5% Forecast 0.2% PCE Prices - core for Dec Prior 0.1% Forecast 0.2% Employment Cost Index for Q4 Prior 0.4% Forecast 0.4% 8:45AM...

View Post »

Thursday January 30, 2014, 6:50 am

TODAY'S ACTION 7:30 AM CT Initial Claims for 1/25 Prior 326K Forecast 330K Continuing Claims for 1/18 Prior 3056 K Forecast 3000K GDP - Adv for Q4 Prior 4.1% Forecast 3.0% Chain Deflator - Adv for Q4 Prior 2.0% Forecast 1.2% 9:00 AM...

View Post »

Wednesday - Futures flat ahead of FOMC. January 29, 2014, 6:50 am

TODAY'S ACTION 6:00 AM CT MBA Mortgage Index for 01/25 Prior 4.7% 9:30 AM CT Crude Inventories for 01/25 Prior 0.990M 1:00PM CT FOMC Rate Decision Asian markets were higher in overnight trade. European markets were trading higher but have...

View Post »

Tuesday - Is it really here? January 28, 2014, 6:50 am

TODAY'S ACTION 7:30 AM CT Durable Orders for Dec Prior 3.4% Forecast 2.5% Durable Orders ex - transportation for Dec Prior 1.2% Forecast 0.7% 8:00 AM CT Case Schiller Index for Nov Prior 13.6% Forecast 13.8% 9:00 AM CT Consumer...

View Post »

Thursday - Still looking for something to look at. January 23, 2014, 6:50 am

TODAY'S ACTION 7:30 AM CT Initial Claims for 1/18 Prior 326K Forecast 328K Continuing Claims for 1/11 Prior 3030K Forecast 2900K 8:00 AM CT FHFA Housing Price Index for Nov Prior 0.5% Overnight the Asian markets were down based in large...

View Post »

Wednesday - We're looking for something to watch. January 22, 2014, 6:50 am

TODAY'S ACTION 7:00 AM CT MBA Mortgage Index for 1/18 Prior 11.9% Overnight the Asian markets closed higher, European markets opened higher but have since traded into negative territory. Today traders won't have any more new economic data to...

View Post »

Tuesday - Back in the saddle. January 21, 2014, 6:50 am

TODAY'S ACTION No government releases out today. On the earnings front IBM, Johnson and Johnson, Verizon and Texas Instrument's will release their earnings this afternoon. Overnight Asian and European stocks were up modestly. Markets will have...

View Post »

Friday - Here at last, here at last. January 17, 2014, 6:50 am

TODAY'S ACTION 7:30 AM CT Housing Starts for Dec Prior 1091K Forecast 965K Building Permits for Dec Prior 1007K Forecast 1000K 8:15 AM CT Industrial Production for Dec Prior 1.1% Forecast 0.3% JCapacity Utilization for Dec Prior 79.0%...

View Post »

Thursday - And everything looks so pretty. January 17, 2014, 6:50 am

TODAY'S ACTION 7:30 AM CT Initial Claims for 1/11 Prior 330K Forecast 334K Continuing Claims for 1/04 Prior 2865K Forecast 2880K CPI for Dec Prior 0.0% Forecast 0.2% Core CPI for Dec Prior 0.2%Forecast 0.2% 9:00 AM CT Philadelphia Fed for...

View Post »

Wednesday - "Beer goggles" for all. January 15, 2014, 6:50 am

TODAY'S ACTION 7:30 AM CT PPI for Dec Prior -0.1% Forecast 0.2% Core PPI for Dec Prior 0.1%Forecast 0.1% Empire Manufacturing for Jan Prior 1.0 Forecast 4.0 9:30 AM CT Crude Inventories for 1/11 Prior -2.675M Forecast -1.5M 2:00 PM...

View Post »

Tuesday - Earnings season kicks off today. January 14, 2014, 6:50 am

TODAY'S ACTION 7:30 AM CT Retail Sales for Dec Prior 0.7% Forecast -0.3 Retail Sales ex-auto for Dec Prior 0.4% Forecast 0.1% Export Price ex-ag for Dec Prior 0.1% Import Prices ex-oil for Dec Prior 0.0% 9:00 AM CT Business Inventories...

View Post »

Monday - Markets mull over the meaning of Friday's jobs number. January 13, 2014, 6:50 am

TODAY'S ACTION 1:00 PM CT Treasury Budget Prior -1.2B Forecast +44.0B Overnight Asian stocks rose and Europeans stocks seem to be up to flat after Friday's much worse than expected payrolls. This week marks the beginning of the fourth quarter...

View Post »

Friday - First payrolls report of the year is due out today. January 10, 2014, 6:50 am

TODAY'S ACTION 7:30 AM CT Nonfarm Payrolls for Dec Prior 203K Forecast 190K Unemployment Rate for Dec Prior 7.0% Forecast 7.1% Hourly Earnings for Dec Prior 0.2% Forecast 0.2% Average Workweek for Dec Prior 34.5 Forecast 34.5 9:00 AM...

View Post »

Thursday - Fed looking for 'tiny bubbles.' January 9, 2014, 6:50 am

TODAY'S ACTION 7:30 AM CT Initial Claims for 01/04 Prior 339K Forecast 340K Continuing Claims for 12/28 Prior 2833K Forecast 2875K 9:30 AM CT Natural Gas Inventories for 01/04 Prior -97bcf Forecast -151bcf After yesterday's mixed bag of...

View Post »

Wednesday - FOMC minutes are out today. January 8, 2014, 6:50 am

TODAY'S ACTION 7:15 AM CT ADP Employment Change for Dec Prior 215K Forecast 192K 9:30 AM CT Crude Inventories for 01/04 Prior -7.007M Forecast -3.00M 1:00 PM CT FOMC Minutes for 12/18 2:00 PM CT Consumer Credit for Nov Prior $18.2B...

View Post »

Tuesday - and we're 0 for 3 January 7, 2014, 6:50 am

TODAY'S ACTION 7:30 AM CT Trade Balance Prior -40.6B Forecast -40.9B Today the equities are looking to break a losing streak. It's been three days without a winner for the S&P's and that just doesn't seem right for a market that ended up...

View Post »

Monday - Brrr, it's cold outside January 6, 2014, 6:50 am

TODAY'S ACTION 9:00 AM CT Factory Orders Prior -0.9% Forecast 1.8% ISM Prior 53.9 Forecast 53.8 Overnight Asian stocks declined on poor Chineses economic news and the European markets were little changed. Last week's uneventful start to...

View Post »

Friday - Let it snow, let it snow. January 4, 2014, 6:50 am

TODAY'S ACTION 9:00 AM CT Crude inventories Prior -4.731M 1:00 PM CT Auto Sales Prior 5.7M Truck Sales Prior 7.1M With winter storm Hercules bearing down on the East Coast of the US volumes could remain low for the second trading day of...

View Post »

Thursday - 1st day to book a profit in 2014 January 2, 2014, 6:50 am

TODAY'S ACTION 7:30AM CT Initial Claims Prior 338K Forecast 337K 9:00AM CT Construction Spending Prior 0.8% Forecast 0.6% ISM Index Prior 57.3 Forecast 56.8 The frist day of trade in 2014 could be a slow one. This is the end of a...

View Post »

Tuesday - Last day of trade for 2013. December 31, 2013, 6:50 am

TODAY'S ACTION No economic news today. This is the last day of the year to book a profit but here at Daily Delphi we're going sledding. Expect more of the same thin to flat trade. Trade wisely and have a great New Year's day. MONDAY...

View Post »

Monday - The start of the 53rd trading week. December 30, 2013, 6:50 am

TODAY'S ACTION No economic reports today. This is the next to last day of trade for 2013 and it will be another abbreviated week due to the New Year's holiday. Look for more of the same thin markets. The major indexes are resting near their...

View Post »

Friday - Santa Claus rally still going strong. December 27, 2013, 6:50 am

TODAY'S ACTION No economic releases on the calendar today. This week we've seen a shortened trade week and thin volumes. But the optimism for things to come should remain in play today. Money managers and large firms probably aren't going to be...

View Post »

Tuesday - Have a merry Christmas. December 24, 2013, 6:50 am

TODAY'S ACTION 7:30 AM CT Durable Orders Forecast 2.6% Prior -1.6% Durable Goods -ex transportation Forecast 0.5% Prior 0.4% 8:00 AM CT FHFA Housing Price Index 0.3% Prior 9:00 AM CT New Home Sales Forecast 430K Prior 444K Overnight...

View Post »

Monday - Here comes Santa Claus? December 23, 2013, 6:50 am

TODAY'S ACTION 7:30 AM CT Personal Income Forecast 0.5% Prior -0.1% Personal Spending Forecast 0.6% Prior 0.3% PCE Prices Forecast 0.1% Prior 0.1% 9:55 AM CT Michigan Sentiment Forecast 83.4 Prior 82.5 Today is the beginning of an...

View Post »

Friday - Only four shopping days left. December 20, 2013, 6:50 am

TODAY'S ACTION 7:30 AM CT GDP - 3rd Estimate Forecast 3.7% Prior 3.6% GDP Deflator - 3rd Estimate Forecast 2.0% Prior 2.0% Overnight European shares rose and posted their biggest weekly jump since April. Asian stocks on the other hand...

View Post »

Thursday - The Santa Claus rally has begun. December 19, 2013, 6:50 am

TODAY'S ACTION 7:30 AM CT Initial Claims Forecast 334K Prior 368K 9:00 AM CT Existing Home Sales Forecast 4.98M Prior 5.12M Philadelphia Fed Forecast 4.5 Prior 6.5 Leading Indicators Forecast 0.7% Prior 0.2% After yesterday's relief...

View Post »

Wednesday - And the answer is... December 18, 2013, 6:50 am

TODAY'S ACTION 7:30 AM CT Housing Starts Sep Forecast 907K Prior 891K Housing Starts Oct Forecast 905K Housing Starts Nov Forecast 937K Building Permits Nov Forecast 980K Prior 1,034K 9:30 AM CT Crude Inventories Forecast -3M Prior...

View Post »

Tuesday - The begining of the end? December 17, 2013, 6:50 am

TODAY'S ACTION 7:30AM CT CPI Forecast 0.1% Prior -0.1% Current Account Balance Q3 Forecast -101.0B Prior -98.9B 9:00AM CT NAHB Housing Market Index Forecast 55 Prior 54 Today the Fed begins its two day policy meeting. Market consensus...

View Post »

Monday - Markets looking forward to Fed decision. December 16, 2013, 6:50 am

TODAY'S ACTION 7:30 AM CT Empire Manufacturing Forecast 5.0 Prior -2.2 Productivity Q3 - Rev Forecast 2.5% Prior 1.9% 8:00 AM CT Net Long Term TIC Flows Prior $25.5B 9:15 AM CT Capacity Utilization Forecast 0.4% Prior -0.1% Industrial...

View Post »

Friday - Playing the price is right. December 13, 2013, 6:50 am

TODAY'S ACTION 7:30AM CT PPI Forecast -0.1% Prior -0.2% Today traders will have the inflation number to look at and not much else. This week has seen consistent selling pressure in the equities. It appears that bargin hunters came in on...

View Post »

Thursday and Big Daddy's watching. December 12, 2013, 6:50 am

TODAY'S ACTION 7:30 AM CT Initial Claims Forecast 320K Prior 298K Retail Sales Forecast 0.7% Prior 0.4% Export Prices Forecast -0.3% Prior -0.5% Import Prices Forecast -0.8% Prior -0.7% 9:00 AM CT Business Inventories Forecast 0.4%...

View Post »

Wednesday and a warm fuzzy budget deal. December 11, 2013, 6:50 am

TODAY'S ACTION 7:00AM CT MBA Mortgage Index Prior -12.8% 9:00AM CT Crude Inventories Forecast -2.75M Prior -5.585M Not much data for traders to look at today. Yesterday the kids in congress announced a tentative bipartisan budget deal....

View Post »

Tuesday - Second day same as the first. December 10, 2013, 6:50 am

TODAY'S ACTION 9:00AM CT Wholesale Inventories Forecast 0.3% Prior 0.4% JOLTS - job openings Prior 3.913M Could be another slow day at the exchanges today. There will be a couple of data points that Big Daddy may reference at next week's...

View Post »

Monday - Smart money sees no end to easy money. December 9, 2013, 6:50 am

TODAY'S ACTION No economic releases today and not a lot look forward to this week. Last week's data put some pressure on the markets until the release of the payrolls. We saw a better than expected ISM Index, higher than expected auto sales, an...

View Post »

Friday - And the answer is.... December 6, 2013, 6:50 am

TODAY'S ACTION 7:30 AM CT Nonfarm Payrolls Forecast 186K Prior 204K Personal Income Forecast 0.4% Prior 0.5% 8:55 AM CT Michigan Sentiment Forecast 77.0 Prior 75.1 Consumer Credit Forecast $15.4B Prior $13.7B Over the last 5 trading...

View Post »

Thursday - More whipsaw trade today? December 5, 2013, 6:50 am

TODAY'S ACTION 7:30 AM CT Initial Claims Forecast 335K Prior 316K GDP Q3 Forecast 3.1% Prior 2.8% 9:00 AM CT Factory Orders Oct Forecast -1.0% Prior 1.7% All of today's economic reports could play a role in how soon Big Daddy decides...

View Post »

Wednesday 12/4/13 December 4, 2013, 6:50 am

TODAY'S ACTION 7:15 AM CT ADP Employment Change Forecast 170K Prior 130K 7:30 AM CT Trade Balance Forecast -$40.5B Prior -$41.8B 9:00 AM CT New Home Sales Sep Forecast 420K Prior 421K New Home Sales Oct Forecast 415K ISM Services...

View Post »

Tuesday - Good is bad and bad is good today. December 3, 2013, 6:50 am

TODAY'S ACTION 1:00 PM CT Auto Sales Prior 5.4M Truck Sales Prior 6.5M European stocks were down for the 3rd straight day and Asian markets were down with the exception of the Nikkei 225 which ended up 0.6%. The markets will get off to a...

View Post »

Monday - Let the holidays begin. December 2, 2013, 6:50 am

TODAY'S ACTION 9:00AM CT ISM Index Forecast 55 Prior 56.4 Construction Spending Sep Forecast 0.4% Prior 0.6% Construction Spending Oct Forecast 0.3% Overnight the Asian and European markets were weaker across the board. Today traders will...

View Post »

Wednesday - Not the busiest trade day of the year. November 27, 2013, 6:50 am

TODAY'S ACTION 7:30AM CT Initial Claims Forecast 335K Prior 323K Durable Orders Forecast -3.0% Prior3.8% 8:45AM CT Chicago PMI Forecast 58.0 Prior 65.9 8:55AM CT Michigan Sentiment Forecast 73.5 Prior72.0 9:00AM CT Leading Indicators...

View Post »

Tuesday - Early holiday cheer is here. November 26, 2013, 6:50 am

Daily Delphi called the MSFT close within 2¢ and YHOO within 1¢ yesterday. Tell your friends. We need more forecasters. We'll only get better from here. TODAY'S ACTION 7:30 AM CT Housing Starts Sep Forecast 915K Prior 891K Housing Starts...

View Post »

Monday - Peace, prosperity and an open spigot for the holidays? November 25, 2013, 6:50 am

TODAY'S ACTION 9:00 AM CT Pending Home Sales Forecast 1.2% Prior -5.6% Asian markets were up across the board overnight. Meanwhile oil and gold took a hit and may remain under pressure today after Iran agreed over the wekend to curtail nuclear...

View Post »

Friday - Dow 17,000? November 22, 2013, 6:50 am

TODAY'S ACTION 9:00 AM CT JOLTS - Job Openings Prior 3.883M There isn't a whole lot of news hitting the market today. Traders will be looking at the JOLTS release to help assess the labor situation. But other than that there are only a couple...

View Post »

Thursday - Looking for a Reason November 21, 2013, 6:50 am

TODAY'S ACTION 7:30 AM CT Initial Claims Forecast 335K Prior 339K PPI Forecast 0.0% Prior -0.1% 9:00 AM CT Philly Fed Forecast 8.0 Prior 19.8 Leading Indicators Prior .7% With yesterday's selloff after the FOMC minutes traders will put...

View Post »

Wednesday - Finally Some News to Trade November 20, 2013, 6:50 am

TODAY'S ACTION 7:30 AM CT Retail Sales Forecast 0.2% Prior -0.1% CPI Forecast 0.0% Prior 0.2% 9:00 AM CT Existing Home Sales Forecast 5.0M Prior 5.29M Business Inventories Forecast 0.2% Prior 0.3% 9:30 AM CT Crude Inventories Forecast 900K...

View Post »

Cheap Money Tuesday November 19, 2013, 6:50 am

TODAY'S ACTION 7:30 AM CT Employment Cost Index Q3 Forecast 0.5% Prior 0.5% Just like yesterday not much in the way of news today. The equities will be watching as Home Depot and Best Buy release their quarterly earnings. There may also be...

View Post »

Leaderboard Monday November 18, 2013, 6:50 am

Check out the new leaderboards. We'll have a leaderboard for each market we forecast so now you can see how your forecasting ability stacks up against other traders and Julie. Did you see it? Daily Delphi missed the oil close by 1 penny...

View Post »

Friday - Pundits and Prognosticators November 15, 2013, 6:50 am

Daily Delphi missed the Oil settle by 3 tics and the FB settle by 6 tics yesterday! TODAY'S ACTION 7:30 AM CT Empire Manufacturing Forecast 3.6 Prior 1.5 8:15 AM CT Industrial Production Forecast 0.2% Prior 0.6% Capacity Utilization Forecast...

View Post »

Thursday - Judgement Day 11/14/13 November 14, 2013, 6:50 am

TODAY'S ACTION 7:30 AM CT Initial Claims Forecast 333K Prior 336K Trade Balance Forecast -38.5B Prior -38.8B Productivity Q3 Forecast 2.0% Prior 2.3% 10:00 AM CT Crude Inventories Forecast 1.0M Prior 1.577M Today is the first day this week...

View Post »

Wednesday - Waiting on a Whisper 11/13/13 November 14, 2013, 6:50 am

TODAY'S ACTION 7:30AM CT Export Prices Prior 0.3% Import Prices Prior 0.1% 1:00PM CT Treasury Budget Prior -120.0B Market action has been limited this week by the lack of economic data and the Veterans Day holiday. Today's releases probably...

View Post »

Tuesday - No new data today 11/12/13 November 12, 2013, 6:50 am

TODAY'S ACTION There won't be any market reports released today and we're getting near the end of earnings season. There will be 35 companies announcing quarterly earnings today. After yesterday's thin volume and sideways trade we may see some...

View Post »

Veteran's Day Monday 11/11/13 November 11, 2013, 6:50 am

TODAY'S ACTION In honor of Veterans Day the foreign exchange and interest rate pits in Chicago are going to be closed but the electronic platforms are up and running. There will still be plenty of quarterly earnings reports for the markets to...

View Post »

Non-Farm Friday November 8, 2013, 6:50 am

FRIDAY TRADE 7:30AM CT Non-Farm Payrolls Forecast 100K Prior 148K Personal Income Forecast 0.4% Prior 0.4% 8:55AM CT Mich Sentiment Forecast 75.0 Prior 73.2 9:00AM CT JOLTS-Jobs Openings Prior 3.833M Stocks traded lower in Europe...

View Post »

Thursday - The day before Non-Farm Payrolls November 7, 2013, 6:50 am

WEDNESDAY RECAP Equites rallied yesterday on good overnight economic data out of Europe. The December E-mini Dow hit a new contract high and the December S&P closed at 1765.60 up 9.10. It appears that traders were also encouraged by this week's...

View Post »

Wednesday 11/6/13 November 6, 2013, 6:50 am

TUESDAY RECAP Yesterday's ISM Services number came in stronger than expected at 55.4. The news was enough to turn the equities around but not enough to get them in to into positive territory. The December S&P contract settle down -6.50 to close...

View Post »

Tuesday Slow News Day November 5, 2013, 6:50 am

MONDAY RECAP The December S&P contract managed to post a gain of +8.30 to close out the day at 1763.00. The August and September factory orders releases came in under expectations but the markets stayed in positive territory based on the flow of...

View Post »

Friday 11/1/13 November 1, 2013, 6:50 am

THURSDAY RECAP The last day of a long month. Yesterday's markets never saw the light of day. Weak European economic readings and Wednesday's FOMC decision kept pressure on across the board. The Dec S&P contract settled down -9.60 at 1751.00, Dec...

View Post »

Thursday and the answer is?? October 31, 2013, 6:50 am

WEDNESDAY RECAP Big Daddy left the the $85B spigot going for now, but kept the door open to begin tapering before the end of the year. The equities traded higher through the morning hours on a broad base of positive earning reports but couldn't...

View Post »

Wednesday 10/30/13 October 30, 2013, 6:50 am

We need your forecast! Yes you. TUESDAY RECAP The Dec S&P contract hit a new contract high during yesterday's session. The contract is up 129 points from it's October 9th low. Consumer Confidence came in way under last months number and below...

View Post »

Tuesday 10/29/13 October 29, 2013, 6:50 am

MONDAY RECAP Yesterday's economic data was a mixed bag. Industrial Production came in at .6% almost doubling expectations. But the midmorning Pending Home Sales came in at -5.6% almost three times worse than expectations. The Home Sales number...

View Post »

Monday 10/28/13 October 28, 2013, 6:50 am

FRIDAY RECAP Equities continued marching to the beat, closing up for the third straight week. Friday's economic data was mixed as Durable Goods came in at 3.7%. That was in-line with expectations but ex-transportation the number actually...

View Post »

Friday 10/25/13 - The Beat Goes On October 25, 2013, 6:50 am

THURSDAY RECAP The Dec S&P rallied yesterday to settle at 1748.50 up +6.70. Equites started the day strong based on overnight Chinese Manufacturing data. The early morning US data turned the tide briefly negative but the party picked up again as...

View Post »

Thursday 10/24/13 October 24, 2013, 6:50 am

WEDNESDAY RECAP S&P's didn't see the light of day yesterday. In premarket hours China's largest banks tripled the number of bad loans written off in the first half of the year. That led to a selloff in global indices and raised the prospect of a...

View Post »

Up Up and Away Wednesday 10/23/13 October 23, 2013, 6:50 am

WE NEED YOUR FORECAST!! THE MORE CONSISTENT OUR MEMBERS ARE IN MAKING FORECASTS THE MORE CONSISTENT OUR RESULTS. TUESDAY'S RECAP Equities found the silver lining in today's Non-farm Payroll number. Big Daddy has to leave the spigot going full...

View Post »

Tuesday Non-farm Payrolls 10/22/13 October 22, 2013, 6:50 am

MONDAY RECAP The equities chopped around, gold wanted to be a physical commodity and oil couldn't find a buyer. Monday saw a pretty typical day for the day before Non-farm Payrolls. Oil trended down most of the day after the EIA number showed a...

View Post »

Let the Sun Shine Monday 10/21/2014 October 21, 2013, 6:50 am

FRIDAY'S RECAP The S&P closed at a new record high, 1736.50, for the second day in a row. The rally was extended with good earnings from Google, General Electric, and Morgan Stanley among others. Google soared up 13.8% to settle at 1011.41 - that...

View Post »

Friday 10/18/2014 October 18, 2013, 6:50 am

THURSDAY RECAP The Dec S&P rallied to a new contract high, up +14.60 settling at 1720.80. Early morning skepticism about last night's kick the can vote gave way to a more rosy disposition after the Philly Fed report showed much stronger than...

View Post »

Thursday - A Brand New Day 9/17/2014 October 17, 2013, 6:50 am

WEDNESDAY The markets breathed a collective sigh of relief as the kids in congress agreed to vote on legislation to open the government and raise the debt ceiling. Don't forget the other silver lining that appeared throughout the drawn out dispute...

View Post »

Wednesday 'Day 16' October 16, 2013, 6:50 am

TUESDAY RECAP Tuesday's trade was choppy across all markets as the debt ceiling deadline moved from weeks to days and finally to hours. With the Thursday deadline approaching Fitch Ratings placed US Treasuries on Rating Watch Negative after the...

View Post »

Tuesday 'Day 15' October 15, 2013, 6:50 am

MONDAY RECAP Just when the markets started to get skeptical, Senate leaders showed some skin and everyone got excited again. Markets were trading weaker across the board coming off the overnight session but managed to reverse on midmorning news...

View Post »

Tuesday 'Day 15' October 15, 2013, 6:50 am

MONDAY RECAP Just when the markets started to get skeptical, Senate leaders showed some skin and everyone got excited again. Markets were trading weaker across the board coming off the overnight session but managed to reverse on midmorning news...

View Post »

Monday 'Day 14' October 14, 2013, 6:50 am

FRIDAY RECAP Crude oil came under pressure early Friday with an IEA report that called for a pull back in global demand for 2014. It managed to recover from it's lows throughout the day, lifted by a rally in equities. Gold took a drubbing all...

View Post »

Happy Friday 'Day 11' October 11, 2013, 6:50 am

THURSDAY RECAP Thursday saw the equities up across the board. The kids seem to realize that brinksmanship is only worthwhile until you get close to the brink. The S&P settled up +36.2 on strong volume at 1685.00. Oil caught some wind mid session...

View Post »

Thursday 'Day 10' October 10, 2013, 6:50 am

WEDNESDAY RECAP Yesterday's EIA number came in stronger than expected showing a build-up of +6.087M barrels on top of last weeks build of +5.472M. That and the continued impasse in congress were enough to keep crude on the defensive. Oil settled...

View Post »

Friday 'Day 4' October 5, 2013, 6:50 am

THURSDAY RECAP Initial Claims came in slightly better than expected and the September ISM number came in weaker than forecast at 54.4 vs expected 57.6. The lackluster reports and the uncertainty out of Washington were enough to keep equities under...

View Post »

Thursday 'Day 3' October 3, 2013, 6:50 am

WEDNESDAY RECAP Wednesday's crude inventories number came in with a bigger build than forecast. Actual +5.472M vs forecast +2.5. That news wasn't enough to hold the market down. Word that the southern portion of the Keystone pipeline will be...

View Post »

Wednesday 'Day 2' October 2, 2013, 6:50 am

MONDAY RECAP Gold lost it's flight to quality luster with a break of -40.9 to settle at 1286.10. Oil had a choppy day with a softer than expected PMI number out of China and demand uncertainty caused by the shutdown showdown. Equities, on the...

View Post »

Shutdown Tuesday October 1, 2013, 6:50 am

MONDAY RECAP The markets stayed under pressure yesterday as federal workers were making their plans for the long weekend. Chicago PMI came in stronger than expected at 55.7 vs forecast 53.7 lending the markets some early support but not enough to...

View Post »

Friday September 27 September 27, 2013, 6:50 am

THURSDAY'S ACTION Yesterday's Initial Claims came in at 305K -their lowest level in six years. Also, Pending Home Sales came in better than expected at -1.6% vs forecast -2.4%. All good news for the S&P's which settled up +6.70, that was still...

View Post »

THURSDAY SEPT 26TH September 26, 2013, 6:50 am

WEDNESDAY RECAP The S&P's started the day in positive territory after better than expected Durabel Goods and New home Sales but retreated throughout the day to end down -6.70. Gold caught some wind today on the lack of progress in the shutdown...

View Post »

Wednesday 9/25 September 25, 2013, 6:50 am

TUESDAY RECAP Consumer Confidence came in under marktet expectations at 79.7, weighed down by the shutdown showdown. The lower than expected number put pressure on the markets early but bargin hunters came in late in trade. The S&P's ended down...

View Post »

Tuesday the 24th September 24, 2013, 6:50 am

MONDAY RECAP Everything trended lower today with not much news to focus on. There were a few Fed member speeches that didn't offer any clarity on the Feds plans. The markets also seem to be leery of the shutdown showdown that's brewing. Metals...

View Post »

Monday Sept 23rd September 23, 2013, 6:50 am

FRIDAY RECAP Last week saw a lot chess pieces move around the board. First Russia offered the US a way out of confrontation with Syria. The US jumped at it and Syria seems to be ready to comply with the agreement. Then Larry Summers withdrew...

View Post »

No Number Friday September 20, 2013, 6:50 am

THURSDAY RECAP Everything is coming up roses. Yesterday's numbers all came in better than expected. Initial Claims were at 309K about 30K under expectations. Existing Home Sales came in at 5.48M vs 5.00M expected and Philly Fed came in over the...

View Post »

Thursday the Day After September 19, 2013, 6:50 am

WEDNESDAY RECAP What a day to be a trader. The Dow and S&P settled at all time highs today as Big Daddy announced they'll keep the spigot wide open. Crude oil stepped up on a much larger drawdown than expected. Actual -4.368M vs expected -1.2M. ...

View Post »

Decision Day September 18, 2013, 6:50 am

TUESDAY RECAP The "end of Summers rally" continued in the equities today. CPI came in at .1% vs .2% expectations. The markets seem convinced that the doves are flying high at the Fed for now and that could mean a smaller than expected or even...

View Post »

Tuesday Morning September 17, 2013, 6:50 am

MONDAY RECAP A couple of factors pushed equities up on the day. Empire Manufacturing came in well under expectations at 6.3 and Larry summers withdrew his name from consideration for Fed chairman. The markets seemed to look on the withdrawal as...

View Post »

Monday 9/16/13 September 16, 2013, 6:50 am

WEEKLY RECAP Last week saw the US Syrian showdown taken off the table and a bevy of positive market reports. Although Friday's Retail Sales came in at .2% vs expected .4%, PPI rose to .3% vs expected .2% and Mich Sentiment came in at 76.8 missing...

View Post »

Friday Fun September 13, 2013, 6:50 am

THURSDAY RECAP Gold took another beating today on strong volume but it seems there are fears that our Asian neighbors may be leaving the market. The fear premium in gold may be gone but oil held it's own on talk that Syria might not go so quietly...

View Post »

Thursday 9/12 September 12, 2013, 6:50 am

WEDNESDAY RECAP Apple took a beating today and that was enough to hold back both the S&P and NASDAQ. Crude traded flat after a much smaller than expected drawdown on the EIA's Crude Inventory. (219K actual vs 1.75M expected) Gold made lower lows...

View Post »

Wednesday Wow Factor September 11, 2013, 6:50 am

CHECK IT OUT We've turned on the Daily Delphi algorithms! After you submit your forecast today take a look at the 'History' page. You'll see a chart that tracks your forecast, the DD forecast and the actual settlement price. Check back on the...

View Post »

Tuesday's Trade 9/10/2013 September 10, 2013, 6:50 am

MONDAY RECAP The week started out with a rally in the equities. Early in the day the market was lifted by strong overnight export data out of China. Buyers continued buying throughout the day as the S&P ended up +15.60. If things aren't bad then...

View Post »

Monday 9/9/2013 September 9, 2013, 6:50 am

FRIDAY RECAP The S&P ended the week up 1.4% as Gold and Oil both added 1.73% and 2.2% respectively. The August Payrolls number was disappointing at 169k. That combined with July's downward revision was enough to give the markets some hope that...

View Post »

Friday Funday September 6, 2013, 6:50 am

THURSDAY RECAP Everything is coming up roses in front of tomorrow's Payrolls number. Initial Claims, Productivity and Factory Orders all came in better than expected. Crude Inventories showed demand with a larger than expected drawdown. Even...

View Post »

Thursday Sept 5 September 5, 2013, 6:50 am

WEDNESDAY RECAP Equities up; commodities down. The Trade Balance came in just under the Daily Delphi forecast of-39.4 at -39.1B. Gold took a bigger hit than most because of labor compromise talk out of South Africa. Equities caught some air on...

View Post »

Wednesday September 4, 2013, 6:50 am

TUESDAY RECAP All boats seemed to rise on the same tide today- ISM and Construction Spending came in at 55.7 and .6% respectively. Tough overnights in the energies and gold gave way to other thoughts as the data came in better than expected. ...

View Post »

Welcome Back September 3, 2013, 6:50 am

WEEKLY RECAP Light trade volumes and skittishness were the way of the world last week. The markets are still trying to decide if there really should be a Syria shelling premium. This week will tell the tale. Obama passed the hot potato to...

View Post »

Summer's Final Dance August 30, 2013, 6:50 am

THURSDAY RECAP No bombs away today. GDP came in at a respectable 2.5%. That's better than expectations by .4%. The equities saw some daylight after a week of rather aggressive liquidation. The metals and energies went the other way after deciding...

View Post »

THURSDAY the 29th August 29, 2013, 6:50 am

WEDNESDAY RECAP All eyes were to the East today as traders were waiting for a response to Syria's use of chemical weapons. The EIA crude number came in at +2.986 million barrels. Almost triple the expectation, the market broke off it's highs but...

View Post »

The Wednesday Hump August 28, 2013, 6:50 am

TUESDAY'S RECAP WTI surged to it's highest price since May 2011 in overnight trade. Throughout Tuesday traders bought oil on rumors that a US led NATO attack on Syria could occur as early as Thursday. All that geopolitical handwringing weighed on...

View Post »

Tuesday's Trade August 27, 2013, 6:50 am

MONDAY RECAP (yawn) Durable goods orders took a tumble in July. Down 7.3%, that's the biggest decline since August 2012. Following Friday's sad new home sales the markets seemed poised to drift upward - thinking the Fed will have to kick the can...

View Post »

Monday Morning August 26, 2013, 6:50 am

FRIDAY RECAP New home sales took a beating in July coming in at 394k. The markets were looking for 485k. That's a 13.4% drop month over month - the worst since May 2010. June was also revised down by 42,000 to 455k. Alas, not all was lost. ...

View Post »

Friday Finale August 22, 2013, 6:50 am

Thursday's Recap: The NASDAQ took a three hour siesta yesterday after being shut down because of pricing problems. Luckily the dog days of summer kept it from being to much of a big deal. Volumes were lighter across all exchanges and prices all...

View Post »

Good Morning Alpha Tribe August 21, 2013, 6:50 am

I'll be communicating the new and exciting developments at DD in this section of our "forecast reminder" email. I'll also begin using this space to give brief market commentary, recaps of the previous days action, and announcements for the day's...

View Post »