Daily Archives: October 15, 2013 5:41 pm CDT

Empire Manufacturing Dives, DC Still Divided

The New York Empire Manufacturing Index is normally viewed as a secondary regional economic report, but given the lack of economic data issued by the government due to the shutdown over the past couple of weeks, it was in the forefront today. According to the report the index came in at 1.52, indicating a slight rate of […]


Alert 10/15/13

Action: Sell short to open ESZ3 on a sell stop at 1701.75. Target is near the lows of the day at 1695.75 but we will manage risk if there is no follow through. The index is short term overbought and our signals indicate a retracement is near. Update 10:00am CST: Let’s stay nimble and book the quick profit by closing […]