September 23, 2020
U.S. benchmarks finished strongly yesterday and the decisive move through major three-star resistance in the S&P carried the tape to Friday’s settlement at 3316, as we called for in the Technical section.
September 23, 2020
September 23, 2020
September 22, 2020
There were various life stages to yesterday’s trading that included bad, very bad, and good. The bad and very bad came early while the good came late as Apple (AAPL) powered back from a 3.5% decline to end the session with a 3.0% gain.
September 22, 2020
September 22, 2020
September 22, 2020
September 21, 2020
September 21, 2020
September 21, 2020
U.S. benchmarks remained vulnerable through Friday, setting new swing lows following the expiration of September futures and options at the opening bell.
September 21, 2020
Last week the dollar was signaling higher lows, and a rising probability that it was going to stabilize here in the lower half of our range. That’s proving correct this morning.
September 21, 2020
September 18, 2020
September 18, 2020
September 18, 2020
September 18, 2020
September 18, 2020
September 17, 2020
September 17, 2020
September 17, 2020
September 16, 2020
September 16, 2020
The equity market continues in rebound mode this morning. The S&P 500 futures are up 15 points and are trading 0.6% above fair value.
September 16, 2020
September 15, 2020
U.S. benchmarks are set to open higher, adding to yesterday’s gains. A slate of economic data from China last night was largely better than expected with Retail Sales grabbing headlines after gaining 0.5% YoY, its first expansion this year.
September 15, 2020
Nothing substantial overnight. The Chinese Yuan did hit a 16 month high vs the USD on stronger reported Industrial Production growth.
September 15, 2020
September 15, 2020
September 14, 2020
There is a positive bias in the futures market this morning and M&A activity has a lot to do with it. COVID vaccine optimism will get some credit, but from our vantage point, that’s a tertiary factor behind the buyout announcements and the expected buy-in following last week’s losses.
September 14, 2020
