Weekly Roundup February 23-27

Mar 4, 2015   //   by Profitly   //   Profitly, Profitly Weekly  //  Comments Off on Weekly Roundup February 23-27

It is a busy week on Wall Street! But first, lets look at how our traders did last week (which was also busy in terms of things like economic data and earnings).

First we’ll talk about Tim, who had a number of trades around the $1-2K mark.

Next let’s talk about Superman:

Check out this first trade…six figures in one shot! That’s more than a lot of people make in an entire year…

And now for a look at what’s ahead. We’ve already had a slew of data on Monday:

Snapshot (via FactSet):

Economic news flow moves to the forefront in the week ahead, as a robust calendar includes the ISM manufacturing index to begin the week, factory orders, and Friday’s release of the February employment data in the US. Overseas the focus will be on February manufacturing surveys, along with the ECB meeting on Thursday and Germany’s industrial production data on Friday. The corporate calendar sees a shift in focus from fourth quarter earnings to a lineup heavy with analyst meetings and a batch of sell-side conferences that could provide inventors insight into first quarter trends – while US auto sales and chain store reports round out the schedule.

Monday 2-Mar:

Markit Manufacturing PMI

The global manufacturing sector expanded for the twenty-seventh consecutive month in February. The rate of output growth accelerated to a six-month high, as companies scaled up production to meet rising levels of new work and new export orders. The J.P.Morgan Global Manufacturing PMITM – a composite index1 produced by JPMorgan and Markit in association with ISM and IFPSM – rose to 52.0 in February, from 51.7 in January.

Personal Spending 

U.S. consumer spending fell for a second straight month in January, likely as lower gasoline prices continued to weigh on receipts at service stations. The Commerce Department said on Monday consumer spending slipped 0.2 percent after falling 0.3 percent in December.

Economists polled by Reuters had forecast consumer spending, which accounts for more than two-thirds of U.S. economic activity, dipping 0.1 percent in January. When adjusted for inflation, consumer spending increased 0.3 percent after December’s 0.1 percent dip.

Core PCE Index

Excluding food and energy, the so-called core PCE price index increased 1.3 percent in the 12 months through January.

ISM Manufacturing

Manufacturing expanded in February at the weakest pace in a year, limited by weaker growth abroad and a work slowdown at West Coast ports.

The Institute for Supply Management’s index dropped to 52.9, the lowest since January 2014, from 53.5 a month earlier, the Tempe, Arizona-based group’s report showed Monday. Readings above 50 indicate growth and the median forecast in a Bloomberg survey of economists was 53.

Not much outside of earnings and a few speeches on Tuesday, so we’ll skip over that.

Wednesday 4-Mar:

Beige Book

ADP Employment

non-Manufacturing PMI

Thursday 5-Mar:


Non-farm productivity

Factory Orders

Friday 6-Mar:

Non-farm payrolls (the big jobs number!)

Average hourly earnings

Trade Balance

And lastly, take a look at some of our previous roundups, we hope you guys enjoy these!

January 5-January 9

January 12-January 16

January 19-January 23

January 26-January 30

February 2-February 6

February 9-February 13