Directional Bias For The Day: The futures are moving sideways lower since 4:30 PM on Monday Very narrow trading range Odds are for a sideways day; watch for break above 2370.75 or below 2361.00 for change of fortunes Markets Around The World Markets in the East were mixed – Shanghai, Tokyo and Seoul were up; Hong Kong, Sydney and Mumbai were down European markets are…
Directional Bias For The Day: The futures are drifting lower since 3:00 AM Broke below the midpoint of a double top on 30-minute Odds are for a down to sideways day; watch for break above 2370.00 for change of fortunes Markets Around The World Markets in the East closed down European markets are mixed – Germany, U.K. and Italy are higher; France, Spain, Switzerland and STOXX…
Directional Bias For The Day: The futures are lower Broke below a 3.50-point overnight trading range at 6:00 AM Odds are for a down day; watch for break above 2361.00 for change of fortunes Markets Around The World Markets in the East were mostly down – Shanghai was up and Mumbai was closed European markets are lower Dollar index and USD/JPY are lower; EUR/USD and GBP/USD are higher Commodities are…
Directional Bias For The Day: The futures are little changed In the middle of a horizontal channel emerging since 9:30 AM on February 21 Odds are for a sideways day; watch for break above 2365.00 or below 2255.00 for change of fortunes Markets Around The World Markets in the East were mostly down – only Mumbai and Seoul closed higher European markets are mixed – Germany, U.K. Italy…
Directional Bias For The Day: The futures are lower Drifting lower after making a high at 3:00 AM Odds are for a down to sideways day; watch for the break above 2363.75 for change of fortunes Markets Around The World Markets in the East were mostly up – Tokyo was the lone exception European markets are mostly lower – Germany is the lone exception Dollar index is higher; USD/JPY, GBP/USD and EUR/USD are down…
U.S. GDP is growing at a modest pace and the economic expansion is expected to continue, albeit, slowly. The recession signals are benign and the economy is not over heating. This combination supports an environment for cautious and gradual Fed Funds rate hikes.
Directional Bias For The Day: The futures are higher Drifting higher since 3:00 AM Odds are for an up day; watch for the break above 2349.00 for change of fortunes Markets Around The World Markets in the East were mixed – Hong Kong and Sydney were down; Shanghai, Tokyo, Mumbai and Seoul closed higher European markets are higher Dollar index and GBP/USD are higher; USD/JPY and EUR/USD are down Commodities are mixed – crude…
Consumer Staples was the best sector over the past 30 days followed by Technology. Defensive sectors are underperforming since November. Industrials, Technology and Financials are showing relative strengths.
Directional Bias For The Day: The futures are lower Drifting down ever so slightly since 4:30 PM on February 15 Odds are for a down to sideways day; watch for the break above 2345.00 for change of fortunes Markets Around The World Markets in the East were mostly down – only Mumbai closed higher European markets are lower Dollar index is up. USD/JPY, EUR/USD and GBP/USD are down Commodities are…
Directional Bias For The Day: The futures are lower Drifting down in a narrow range since 4:30 PM on February 15 Odds are for a sideways to a down day; watch for the break above 2351.50 or below 2338.75 for change of fortunes Markets Around The World Markets in the East were mixed – Tokyo and Seoul were down; Shanghai, Hong Kong, Sydney and Mumbai closed higher European markets are mostly…
You must be logged in to post a comment.