iExtra Holding Company
Economic Calendar
This Week's Major U.S. Economic Reports & Fed Speakers
MONDAY, JUNE 1
9:45 am S&P final U.S. manufacturing PMI May 55.3
10:00 am ISM manufacturing May 53.2% 52.7%
10:00 am Construction spending April 0.3% 0.6%
11:50 pm Minneapolis Fed President Neel Kashkari speech in South Korea
TBA Auto sales May -- 15.9 million
TUESDAY, JUNE 2
8:55 am Cleveland Fed President Beth Hammack speech
10:00 am Job openings April 6.9 million 6.9 million
WEDNESDAY, JUNE 3
8:15 am ADP employment May 120,000 109,000
9:00 am Federal Reserve governor Michael Barr speech
9:45 am S&P final U.S. services PMI May 50.9
10:00 am Factory orders April 4.3% 1.5%
10:00 am ISM services May 53.9% 53.6%
2:00 pm Fed Beige Book
THURSDAY, JUNE 4
8:30 am Initial jobless claims May30 215,000 215,000
8:30 am U.S. productivity Q1 0.6% 0.8%
8:30 am Richmond Fed President Tom Barkin speech
FRIDAY, JUNE 5
8:30 am U.S. employment report May 90,000 115,000
8:30 am U.S. unemployment rate May 4.3% 4.3%
8:30 am U.S. hourly wages May 0.3% 0.2%
8:30 am Hourly wages year over year 3.4% 3.6%
3:00 pm Consumer credit April $18.0B $24.8B
Technical Strategy
Guaranteed Success
Elliott Wave Theory
The Elliott Wave theory is a theory in technical analysis used to describe price movements in the financial market. The theory was developed by Ralph Nelson Elliott after he observed and identified recurring, fractal wave patterns. Waves can be identified in stock price movements and in consumer behavior.
Alligator Indicator
Legendary trader Bill Williams, an early pioneer of market psychology, developed the trend-following Alligator indicator, which follows the premise that financial markets and individual securities trend just 15% to 30% of the time while grinding through sideways ranges the other 70% to 85% of the time.
Ichimoku Cloud
The Ichimoku Cloud is a type of chart used in technical analysis to display support and resistance, momentum, and trend in one view. TenkanSen and KijunSen are similar to moving averages and analyzed in relationship to one another. When the shorter term indicator, TenkanSen, rises above the longer term indicator, KijunSen, the securities trend is typically positive.
