Volatility Spikes Ahead

  • October 22, 2001
  • Dave Floyd

This week
should give a bit more indication as to
the overall health of the economy, as we get a glimpse at some economic numbers.
In fact, today’s release, 10 a.m. ET, of the Leading
Indicators, should provide some intraday volatility spikes, which in
turn will offer some excellent trading opportunities.

Numbers
This Week

Monday Leading Economic
Indicators 10 a.m. ET
Wednesday Mortgage
Applications 7:30 a.m. ET
Thursday Jobless Claims 8:30
a.m. ET
  Durable Goods 8:30
a.m. ET
  Employment Cost
Index 8:30 a.m. ET
  Existing Home Sales
10:00 a.m. ET
Friday New Home Sales
10:00 a.m. ET
  Consumer Sentiment
(October) 10:00 a.m. ET

Most of the above data will be giving
us a snapshot of the economy post Sept. 11, this should prove quite insightful.

Key
Technical Numbers

S&Ps Nasdaq
1091.5 1393.17
1080 (confluence)   
 1373.33
1074-75
(confluence)		 1369.16
1069.5 1356
1065.5 (confluence) 1342 (confluence)
1050-52 (major
confluence)   		1330 (confluence)
    1323

Thought
For The Week

Opinions you get
for free; perspective must be earned.

As always, feel free to send me your
comments and questions.  See you in TradersWire.

Dave