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”

DailyWatch – May 20th 2016

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S&P futures are up 0.21% in morning trading
Crude oil futures are down 0.21%
Gold futures are up 0.10%
Bond Futures are down 0.29%

 

The S&P futures broke thru the 2030 level that we have been talking about for some time now, reaching 2022. The bears were not able to hold it, and the market closed back above 2030 and is currently trading at 2043. Continue reading “DailyWatch – May 20th 2016”

DailyWatch – May 19th 2016

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S&P futures are down 0.13% in morning trading
Crude oil futures are down 2.06%
Gold futures are down 1.62%
Bond Futures are up 0.25%

 

The S&P futures tested the 2030 level,  going as low as 2030.75 on Wednesday. In morning trading we are seeing the S&P trading at 2039. We will continue to watch for a breakout or breakdown of the trading range of 2030-2080. Continue reading “DailyWatch – May 19th 2016”

DailyWatch

daily-watch-header

S&P futures are down 0.61% in morning trading
Crude oil futures are up 0.41%
Gold futures are down 0.41%
Bond Futures are up 0.11%

 

S&P futures are down 12 this morning follow a down turnaround Tuesday.  The S&P futures are trading at 2045 .We need to watch the 2030-2035 area as support for the bulls or this could unravel quickly. I think the bulls will find some support here at least for a faint return up to the 2080 level. Continue reading “DailyWatch”

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 up 0.58% in morning trading
Crude oil futures are down 1.57%
Gold futures are down 1.44%
Bond Futures are down 0.02%

 

S&P futures are up 12 in morning trading. As we have been stating, we expect to see a run to the 2088 level with a possible push up to 2134. The VIX is getting into a very low area, so I’m struggling to see how far we can go from here. Wall Street climbs a wall of worry though.  We have many stocks now into our State 1, and 70% are in bullish states. The only ones not bullish are banks and brokers. If financials are weak, I’m skeptical for any substatial move higher. The problem possibly,  are we experience irrational exuberance 2.o?

Look at a chart from  www.multpl.com regarding PE Ratio’s

pe chart

It shows the current PE Ratio of 22.74, which is well above the mean PE Ratio for the S&P of 15.58. Remember, companies are guiding lower, so the “E” in PE (earnings) will be lower. If we calculate the S&P earnings at $90.00 and use the mean S&P number of 15.58, we get the S&P down to the 1400 level. Let wait and see.

 

Stocks that entered State 1 yesterday:
WMT            WAL-MART STORES INC
NFLX           NETFLIX COM INC

Stocks that entered State 8 yesterday:
LM                 LEGG MASON INC
MNST             MONSTER BEVERAGE 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.