
Weeks Review into W/C 3rd October 2022-Post EOQ

Last Weeks Summary
Weeks Summary
U.S. equity markets tumbled onOvernight Session More the last trading day of September in a broad-based decline after the Commerce Department’s latest PCE Price Index report showed the Federal Reserve’s preferred gauge of inflation accelerated more than expected in August. The S&P 500, Nasdaq, and Dow all dropped over 1.5%. In a statement onOvernight Session More Friday, Fed Vice Chair Lael Brainard said the central bank remains committed to tightening monetary policy to curb inflation and warned against “pulling back prematurely.” The three major averages closed out the week, month, and quarter lower. For the month, the Dow fell 8.8%, the S&P lost 9.3% and the Nasdaq was 10.5% lower.
Events Calendar:
KEY TAKEAWAYS
- Reports onOvernight Session More the U.S. jobs market could show how well the labour market has held up against the Fed’s rate hikes to curb inflation.
- The US week kicks off with PMI and ISM surveys and ends with the employment report, providing plenty of fresh insights in the economic growth path and inflation trends.
- OnOvernight Session More Tuesday, the Labor Department will release its JOLTS report for August.
- ADP’s National Employment Report for September will follow onOvernight Session More Wednesday.
- OnOvernight Session More Friday, the Labor Department will release its nonfarm payrolls report for September.
Events Calendar:
Monday, October 3
- S&P Global Manufacturing PMI – Final Reading (Sep)
- ISM Manufacturing PMI (Sep)
- ISM Manufacturing Employment Change (Sep)
- Construction Spending (Aug)
Tuesday, October 4
- Acuity Brands (AYI) and Novagold Resources (NG) report earnings
- JOLTS Labor Market Survey Report (Aug)
- Factory Orders (Aug)
Wednesday, October 5
- Lamb Weston Holdings (LW) and RPM International (RPM) report earnings
- ADP Private Sector Payrolls (Sep)
- U.S. Balance of Trade (Aug)
- S&P Global Services PMI – Final Reading (Sep)
- ISM Non-Manufacturing PMI (Sep)
Thursday, October 6
- Constellation Brands (STZ), McCormick & Company (MKC), and Levi Strauss (LEVI) report earnings
Friday, October 7
- Nonfarm Payrolls (Sep)
- Wholesale Inventories (Aug)
Weekly Review

Weeks Price ActionPrice action More Review

Why look at the Weekly and Monthly?
Using the composite
In addition to monitoring the previous day's Market prof... More profiles gives me a lot of clarity in understanding the market. Understanding the story and the basic mechanics of what is going onOvernight Session More simplifies almost every other aspect of my trading, especially timing.
By identifying areas of balance/ acceptance in the auction I have a natural edge. I can identify value and the pivots of change. In balance I look to fade the extremes, when activity leaves an area of acceptance, I monitor for strength and conviction of the move. For this, I use volume and value as a guide. As a general rule, if a move is genuine, volume and value will move in away from prior acceptance to a new area.
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UPDATE: