Merriam-Webster defines data as, “Factual information (such as measurements or statistics) used as a basis for reasoning, discussion or calculation.” Traders use data in all forms to construct the basis for their trading decisions. In the past, this involved earnings reports and sales statistics for equity traders and perhaps weather reports and supply/demand calculations for commodity traders.
The June edition of Modern Trader, our second annual hedge fund issue, takes a broad measure of the hedge fund space, including recent trends and key players.
The Cycle Projection Oscillator is indicating some potential near-term opportunities in several markets. Looking at a 240-minute chart of the E-mini S&P 500 shows potential weakness over the next couple of days as shown on the chart.
Total nonfarm payroll employment rose by 151,000 in January, and the unemployment rate was little changed at 4.9%, the U.S. Bureau of Labor Statistics reported today.
