DailyWatch 7-20-16

 

Today’s Markets

In Asia, Japan -0.3% to 16682. Hong Kong +1% to 21882. China -0.3% to 3028. India +0.5% to 27916.
In Europe, at midday, London +0.3%. Paris +1.2%. Frankfurt +1.4%.
Futures at 6:20, Dow +0.4%. S&P +0.3%. Nasdaq +0.3%. Crude +0.3% to $45.59. Gold -0.5% to $1325.30.
Ten-year Treasury Yield +2 bps to 1.57%

Today’s Economic Calendar

7:00 MBA Mortgage Applications
10:30 EIA Petroleum Inventories

 

Daily Market Summary

The S&P futures are trading at 2163 this morning. We expect to see continued movement to the upside for the short term as The VIX is approaching its price target.  It will be continuing to watch for the VIX and our Market Pulse indicator to see an overbought market. Continue reading “DailyWatch 7-20-16”