DailyWatch 8-8-2016




Today’s Markets

In Asia, Japan +2.4% to 16651. Hong Kong +1.6% to 22495. China +0.9% to 3004. India +0.4% to 28183.
In Europe, at midday, London +0.1%. Paris +0.6%. Frankfurt +0.9%.
Futures at 6:20, Dow +0.2%. S&P +0.2%. Nasdaq +0.3%. Crude +1.4% to $42.40. Gold -0.6% to $1337.
Ten-year Treasury Yield flat at 1.57%

Today’s Economic Calendar

10:00 Labor market condition index
12:30 PM TD Ameritrade IMX


Daily Market Summary

 The S&P futures are trading at 2180 this morning.

My last post from 8/3/2016:

The S&P futures are trading at 2149 this morning. We finally saw the first signs of a breakout on the downside yesterday. Futures traded down to 2141 before reversing in the afternoon and coming back to close right at its  previous support.
As i noted in previous post, often you will see a false breakout. Today and tomorrow should be interesting days to see whether the Bulls or the Bears are in charge.
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