Daily Market Summary 8-16-2016

 

Today’s Markets

In Asia, Japan -1.6% to 16596. Hong Kong -0.1% to 22910. China -0.5% to 3110. India -0.3% to 28064.
In Europe, at midday, London -0.3%. Paris -0.5%. Frankfurt -0.7%.
Futures at 6:20, Dow -0.1%. S&P -0.1%. Nasdaq -0.1%. Crude +0.4% to $45.90. Gold +0.7% to $1356.70.
Ten-year Treasury Yield -2 bps to 1.52%

Today’s Economic Calendar

8:30 Consumer Price Index
8:30 Housing Starts
8:55 Redbook Chain Store Sales
9:15 Industrial Production
10:00 E-Commerce Retail Sales
12:30 PM Fed’s Lockhart speech

 

 

Daily Market Summary

The S&P futures are trading at 2182 this morning. At Key2Options,  we look at price movement and time. Our thesis has been going as planned, the S&P is now getting close to ending its State 1 cycle. The average State 1 cycle is 35 days for the S&P. We are now 30 days into the cycle. Continue reading “Daily Market Summary 8-16-2016”