DailyWatch 8232016

 

Today’s Markets

In Asia, Japan -0.61% to 16497. Hong Kong +0.2% to 22998. China +0.2% to 3090. India -0.01% to 27972 .
In Europe, at midday, London +0.61%. Paris +0.70%. Frankfurt +0.90%.
Futures at 6:20, Dow +0.3%. S&P +0.2%. Nasdaq +0.3%. Crude -0.80% to $47.03. Gold -0.01% to $1343.30.
Ten-year Treasury Yield flat at 1.56%

Today’s Economic Calendar

8:55 Redbook Chain Store Sales
10:00 New Home Sales
10:00 Richmond Fed Mfg.
1:00 PM Results of $26B, 2-Year Note Auction

 

Daily Market Summary

The S&P futures are trading at 2186 this morning.  A speech on Friday by Fed Chair Janet Yellen could settle the matter on if a September rate hike should be priced in. European markets are in positive territory after August PMI readings didn’t show significant Brexit blowback, with the Euro Stoxx 50 up 0.84% in midday trading. Continue reading “DailyWatch 8232016”

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”

DailyWatch

Newsworthy Notes:

Tensions between the ECB and Germany are continuing to escalate, after Mario Draghi suggested that Germans are responsible for a “global savings excess” that has led to ultra low interest rates. “There is a temptation to conclude that since very low rates generate these challenges, they are the problem. But they are not the problem. They are the symptom of an underlying problem, which is insufficient investment demand, across the world, to absorb all the savings available in the economy.”

 
While some insist that the correlation between oil prices and stocks are starting to decouple, Tom Pearce and his team at Deutsche Bank say it’s not so: “The historical price pattern suggests that the credit market’s sensitivity to oil only diminishes once the oil price rises above $55/bbl – and that the equity market’s strong positive correlation with the oil price only disappears when oil rises above $70/bbl…We are still concerned about the outlook for oil, given that the rebound in global growth momentum appears to be fading, dollar strength remains a risk and oil net speculative positions are already elevated.”

 

 

S&P futures are down 0.70% in morning trading
Crude oil futures are up 1.07%
Gold futures are up 0.25%
Bond Futures are up 0.69%

 

Turnaround Tuesday. How many times do we see the totally opposite of what happened on Monday? S&P were up about 16 points yesterday and today they are trading down 14 points in morning trading. It will be interesting to see if the bears pile on or if the bulls can hold the market up.

Crude oil appears to have peaked at 46.63. Watch the 44 level as support. Currently, crude is trading just above  at44.25

Gold is trading above 1300. If you have been reading my post, you know I have been beating the drum on gold. Why? Key2Options program has had gold in State 1. Our program not only tells you the expected move but it also gives you the amount of days the underlying will be in a particular State. In the picture below you can see the green is our expected target and we are close to approaching it. Gold typically spends 41 trading days in State 1. It has spent 50 days thus far, so the move should be ending soon.

 

 

chart (15)

 

To learn more about our proprietary State Modeling and how to use it in your trading, visit us at Key2Options.com

Go to www.Key2Options.com to sign up for a membership.

#planyourtrade #options #trading

Capmark Solutions LLC and/or its principals and employees will accept no liability whatsoever for any loss arising from any use of the Key2Options program. The information contained in this blog, or in other related resources is for educational purposes only. Neither Capmark Solutions LLC nor Key2Options, Inc. offer trading advice of any kind.

 

 

Daily Market Summary

S&P futures are up 047% in morning trading
Crude oil futures are up 1.21%
Bond Futures are down 0.15%
Gold Futures are up 0.83%

 

S&P futures firmly broke the 2080 level yesterday and have continued in overnight trading, now trading at 2096. The next resistance level will be 2110 then 2134. Last week we had a strong Monday and I wondered if we would have the continuation day on Tuesday where we go for the 2134 number. Typically, we will see a reversal of Monday’s action, turnaround Tuesday. Will the Bulls push it higher today? Watch for maybe a run to 2010 and then a reversal.

 

Crude Oil appears to be creating an “M” formation on the chart. We may see a pullback if it doesn’t break through 42.50.

Crude oil M pattern

 

 

Gold is trading at 1248. I am still looking for 1300 on gold near term. Look for GLD to hit mid to upper 20’s.

 

 

The market is climbing and the VIX is tanking. I promise this won’t last forever. We will let the program tells us when to turn bearish. Our target is 2131 on the SPX, just shy of the 2134 old high.

 

 

Stocks that entered State 1 yesterday:
EMN              EASTMAN CHEMICAL CO
ROST              ROSS STORES INC

Stocks that entered State 8 yesterday:

DNKN            DUNKIN BRANDS GROUP INC.
CVS                  CVS HEALTH CORPORATION

 

 

 

To learn more about our proprietary State Modeling and how to use it in your trading, visit us at Key2Options.com

Go to www.Key2Options.com to sign up for a membership.

#planyourtrade #options #trading

Capmark Solutions LLC and/or its principals and employees will accept no liability whatsoever for any loss arising from any use of the Key2Options program. The information contained in this blog, or in other related resources is for educational purposes only. Neither Capmark Solutions LLC nor Key2Options, Inc. offer trading advice of any kind.

Daily Market Summary

S&P futures are down 0.02% in morning trading
Crude oil futures are up 0.31%
Gold futures are down 0.47%
Bond Futures are down 0.45%

 

The major averages are flat this morning. The slow grind up is still intact although we are reaching the 2080-2090 resistance level in the S&P.  We may see a slight pause today as we try to digest yesterday’s big day.  If we sky rocket through here today and test and fail 2134, then watch out below. What goes up fast, usually ends with a splat!!!

Look for gold to hit 1275 by 4-18. Today it is trading at 1242.

 

Stocks that entered State 1 yesterday:
TSLA           TESLA MOTORS INC

Stocks that entered State 8 yesterday:
GPS               GAP INC (THE)

 

To learn more about our proprietary State Modeling and how to use it in your trading, visit us at Key2Options.com

Go to www.Key2Options.com to sign up for a membership.

#planyourtrade #options #trading

Capmark Solutions LLC and/or its principals and employees will accept no liability whatsoever for any loss arising from any use of the Key2Options program. The information contained in this blog, or in other related resources is for educational purposes only. Neither Capmark Solutions LLC nor Key2Options, Inc. offer trading advice of any kind.

Daily Market Summary

S&P futures are down 0.53 % in morning trading
Crude oil futures are down 0.50%
Gold futures are up 1.08%
Bond Futures are up 0.25%

S&P futures are down in morning trading. We are going to see sideways to slightly positive movement for the next week or two. I am very positive on Gold (GLD). Gold futures are presently at 1239. We are looking for a 7- 10% move on GLD. GLD is currently trading at 116.94. We are looking for a move to the mid 120’s.

We are seeing Bank stocks tumble into State 8. Deutsche Bank stock has been falling since 2009. Is there trouble brewing in the banking sector? This is not a good sign and something we need to watch closely.

DB

Stocks that entered State 1 yesterday:
NEW GOLD INC.
HECLA MINING CO

Stocks that entered State 8 yesterday:
IBERIABANK CORP
ASSURED GUARNATY LTD
TEXAS CAPITAL BANCSHARES

To learn more about our proprietary State Modeling and how to use it in your trading, visit us at Key2Options.com

Go to www.Key2Options.com to sign up for a membership.

#planyourtrade #options #trading

Capmark Solutions LLC and/or its principals and employees will accept no liability whatsoever for any loss arising from any use of the Key2Options program. The information contained in this blog, or in other related resources is for educational purposes only. Neither Capmark Solutions LLC nor Key2Options, Inc. offer trading advice of any kind.