Today will be intensely volatile in the afternoon due to a real deluge of macro news. Then the calm after the storm until next week.
Thursday will in fact be a holiday in the United States for Thanksgiving Day, resulting in the shift of all statistics originally scheduled for that day. Accordingly, today will see a rich programwith nine economic appointments scheduled for the afternoon.
We’ll see if these appointments will do the trick move the market and above all to push the SP500 beyond the maximum of the hook he is building.
If, however, it is a double top, in any case the scope of the Price projection is not such as to invalidate the Current bullish trend:
Among the most anticipated events, a new estimate of GDP growth for the third quarter will be published at 2.30 pm, together with the PCE inflation index, which measures price trends in the context of household spending.
According to preliminary data, GDP increased by 2.8% on an annual basis in the months of July-September, a figure close to 3% of the previous quarter. The Fed’s preferred indicator for measuring inflation is expected to have increased 0.2% month-on-month in October, with an increase of 0.3% excluding food and energy (2.3% and 2.0%, respectively). 8% on an annual basis, with a slight acceleration compared to September).
Also expected are weekly jobless claims data, as well as trade balance, durable goods orders, wholesale inventories, October home sales promises, November Chicago PMI and weekly oil inventories.
In Europe, however, there is no significant news.
Let’s get to our actions:
BPER: eventually it will return to cover the gap
FERRARI: enough games of buying at the bottom of congestion and selling at the top, too much volatility
MONTE DEI PASCHI: he has covered the gap and should start again
LEONARDO: is building a triangle with a comforting price objective by projecting the base of the triangle itself upwards
REVO INSURANCE: has definitely broken the maximum placement (report)
AMAZON: he took the maximum and we would have been in if we hadn’t canceled the order like fish.
GILEAD: if only he would turn aside to let us in it would be ours. We are along the long-term trendline.
IBM: it’s literally flying
Lockheed Martin: Let’s wait to see that it doesn’t end up like Amazon…
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