DailyWatch – May 17th 2016

May 17, 2016 @ 8:36 am

daily-watch-header

S&P futures are up 0.02% in morning trading
Crude oil futures are up 0.02%
Gold futures are down 0.02%
Bond Futures are down 0.04%

 

S&P futures are flat this morning after a big up day yesterday. If you have been reading the blog in the past, we have talked about turnaround Tuesday. Basically, we see a moment opposite of Mondays move. Since we had a strong day yesterday, we would look for a down day today.  As we have been discussing, the S&P futures are stuck in the 2030-2080 range. The bulls need to try to make it a 2 day gain and take out 2080. Based on the key2options program we would expect to see a slight bias to the upside for the S&P.

Jack Dorsey is making it easier for Twitter (NYSE:TWTR) users to stick more stuff in their tweets. Not by dropping the service’s famous 140 character limit – an idea the company had previously floated – but by expanding it, in a way: Twitter won’t count the characters used to insert photos, links or other media into tweets. Bloomberg says the change “could happen in the next two weeks.”

TWTR is in our State 8 but has reached our target. This might be the news to help raise their stock price. TWTR closed at 14.29. We could see about a 20% rise in twitter in the next 2 weeks.

 

Stocks that entered State 1 yesterday:

DE       DEERE & CO
INTU  INTUIT INC

 

 

Stocks that entered State 8 yesterday:
PNC   PNC FINL SVCS GRP INC
HOG  HARLEY DAVIDSON INC
C         CITIGROUP

 

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

12:00 PM Fed’s Lockhart speech

 

 

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

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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.

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