Mike started his investing career at 16, after becoming interested in stocks. Derivative products were a naturally progression, and a few years later was trading stocks and options while in college at Indiana University.
Mike joined the NinjaTrader Group, LLC Order Desk in February of 2015 and provides updates on critical expirations and contract roll dates for NinjaTrader Brokerage clients. He also monitors the markets for technical patterns, key support & resistance areas and more.
E-Mini S&P 500 Futures (ES) may be approaching a major level of support.
On a daily chart looking back to the start of 2016, these volatile sell offs do not appear as intense as they seem in the moment. Viewing historical price activity helps to gain a greater perspective of the strong uptrend the markets have been in.Read More
Signs of further tightening in the labor market and an additional drop in the jobless rate to 3.8% are both expectations for the upcoming September employment report.Read More
The Federal Reserve will conclude their monthly meeting tomorrow with a decision on how to proceed with interest rates.Read More
Once again, wage growth will be the primary focus for many investors attempting to gauge inflation. Some metrics are showing wage growth lagging behind the CPI growth rate, causing concern for consumers in the future. With how tight the labor market appears, many believe it is only a matter of time until wage growth catches up. Read More
With ADP reporting an increase of 219,000 new jobs in July, it’s a safe bet the official government number will also be strong. Read More
Fresh off a strong GDP report of 4.1% Q2 growth, the markets are anxiously anticipating the August 1st FOMC meeting.Read More
With March and April’s lackluster growth being partially attributed to bad weather, a stronger performance in May was not a surprise. June’s report will indicate a potential trend of stable job growth or signal that May’s strong number was more of an isolated recovery from prior months.
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As investors stood on the sidelines until the conclusion of the Trump-Kim summit in Singapore, all eyes turn to the Federal Reserve Policy meeting that kicks off on Tuesday.Read More
After a strong April report, May data is expected to continue the recent strength of job growth.
ADP reported growth of 178,000, slightly below the anticipated range for May. Non-farm payrolls are anticipated to grow between 155,000 and 220,000 with a consensus of 190,000.
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After a slowdown in March, largely attributed to finicky weather, April’s job and wage growth is set for a rebound. According to payroll processor ADP, 204K jobs were added to the economy in April. Expectations ahead of Friday’s closely watched nonfarm payroll report are 192K additions, up from only 103K in March. Read More