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 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”