Futures Trading Education

U.S. Equity Markets tumbled to end the week, led by the NASDAQ 100 which closed lower by 1.18% after a volatile trading session. Markets opened lower and fell throughout the day. The downward pressure continued on stocks, with only a few catalysts on Friday. Consumer Sentiment rose from the prior month and beat estimates, but it remained near the lowest levels in almost a decade. All eyes are now on this week’s Federal Reserve meeting, looking for any clues on when the central bank will begin tapering its asset purchases. Given the recent softness in economic data (like Jobless Claims last Thursday and the choppy Retail Sales), Guggenheim Investments said that the Fed could push back the start of its taper until December, from November. In terms of infrastructure and the government spending bill, the outlook is unclear. A few moderate Democrats are still against the $3.5 trillion price tag on the spending bill. Late on Friday, the FDA voted against approving COVID-19 booster shots for the general public. European Markets closed lower. European Central Bank internal economic-forecast models suggest inflation could hit its target ahead of schedule, implying sooner than anticipated interest rate hikes. U.K. Retail Sales data for August unexpectedly fell, as consumers pulled back on spending. Euro-Zone final consumer price index (“CPI”) data for August matched the preliminary reading and estimates, with food and fuel as the biggest additions to inflation. In Asia, The People’s Bank of China added $14 billion worth of liquidity to the financial system via reverse repos, in an attempt to support easy access to funds. Japan’s Health Ministry was said to be preparing to offer COVID-19 booster shots to the public, eight months after the second dose, boosting the growth outlook. The Bank of Korea warned adoption of a potential carbon tax could weigh on the country’s economic output by as much as 0.3% each year through 2050. Taiwan’s Mainland Affairs Council Deputy Minister Chiu Chui-cheng said China was stoking regional political tensions by refusing to disavow its intent to reclaim Taiwan. Elsewhere, Oil fell 0.84%  as U.S. Gulf of Mexico production began to come back online after Hurricane Ida, while Gold fell 1% on Dollar strength. This Morning  U.S Equity Futures Markets are opening sharply lower on growth worries and the fact that both the S&P and Dow are trading below their respective 50-Day Moving Averages.

To mark my 2400th issue of TraderNoble Daily Commentary I am offering a special 2 year rate of Euro 2750 for my Platinum Service which includes 1 to 4 updated emails throughout the trading day To demonstrate this value, a monthly subscription over the same period would cost 4440 euro in total This offer represents a 38% discount and is open to both new and existing members. If anyone is interested in this offer can you please email me on bryan@tradernoble.com for details

For anyone following my Platinum Service it made 735 points last week and is now ahead by 1491 points for September, having closed August with a gain of 1543 points, and 996 points in July. The Platinum Service made 1366 points in June, 1439 points in May, 1244 points in April, having ended March with an impressive gain of 3769 points, 3286 points in February, 2077 points in January, and 2273 points last December. Since I started this New Platinum Service in June 2015 it has averaged a monthly gain of over 1600 points

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