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Prep Talk Stock Trading Publication from Avid Trader
Click here to access Prep Talk - FREE
Prep Talk is published during the weekend, and is included free with your membership. The publication should be read by the week's open to bring you up-to-date with a variety of topical items that stand to impact and influence price action.
On The Agenda
The most obvious impact on price action is economic reports. Not just the market's reaction to them, but also the anticipation ahead of their release. Occasionally, the market has been known to forget to anticipate a report, only to be blind-sided by its "surprise". Macro-level items of interest are also noted.
Tip: The weightiest economic data tends to be the monthly Employment report, which is released on the following month's first Friday, one hour prior to the cash session's open. Bonds are impacted, of course, from their general anticipation for how the data will influence interest rate decisions and borrowing.
Tip: Stocks can be impacted by the Employment reports, too, and quite a bit. Price action tends to become paralyzed on the afternoon ahead of the report. When it doesn't, and prices trend instead, then that trending tends to be contrary to the ultimate reaction to the report.
Tip: Jobless Claims are every Thursday, also one hour before the cash session's open. The report can have as dramatic of an effect on stocks as the monthly Employment reports, especially when there is a general jobs recovery or jobs loss underway.
Tip: Reports that are released during the cash session also tend to impact any trending that got underway at the open. Trending tends either to accelerate, or to reverse.
Talking Heads
Very handy: a summary of stocks that were mentioned during the weekend on various financial news shows and in financial publications. The section begins with a comprehensive listing of all stocks mentioned in the new Barron's issue. The section also includes all stocks that were mentioned during Fox News Channel's weekend two-hour business block, and ends with a re-cap of stocks mentioned on PBS Wall Street Week.
Tip: Be sure to check for stocks to which you are currently exposed or considering. The list can also be a source of ideas to monitor. But not necessarily as proscribed, because near-term price action tends to have played-out by the time its trending earns enough confidence to be mentioned in the national media.
Back In Time
AvidTrader's general outlook is summarized to help you focus on what is relevant. A re-cap of the prior week's relevant price action is provided to help refresh your memory since the weekend. The re-cap is provided within the context of AvidTrader's own expectations, and often touches on more markets than just stocks.
Click Here to Access Prep Talk - FREE
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