Market pulls back ahead of FOMC meeting The S&P 500 futures trade eight points, or 0.3%, above fair value, as trade sentiment remains relatively upbeat while investors continue to monitor incoming earnings reports and the latest updates on Brexit. The benchmark index could also open the busy week near its record highs that it almost […]

Walmart report transcends volatile pre-market session The S&P 500 futures trade 15 points, or 0.5%, above fair value in a volatile pre-market session. Futures were pulled lower after China threatened to retaliate against the upcoming 10% tariff rate on Chinese imports, but solid results and guidance from Walmart (WMT 112.71, +6.51, +6.1%) has lifted futures back into positive […]

Stock market inverting as 10-2 spread inverts U.S. equity futures have backtracked from yesterday’s relief rally, as weakening global data continues to pressure equities and further invert the U.S. Treasury yield curve. The S&P 500 futures are down 32 points and trade 1.1% below fair value. Chinese stocks started the day broadly higher after the […]

Risk sentiment remains under wraps The S&P 500 futures trade six points, or 0.2%, below fair value as geopolitical angst and economic uncertainty continue to dampen risk sentiment.  In Hong Kong, flights were suspended for a second consecutive day as government protesters again filled the airport’s international hub. Hong Kong’s Hang Seng dropped 2.1% on […]

Lingering China worries weigh on U.S. futures to kick off trading week The S&P 500 futures trade 18 points, or 0.6%, below fair value following a turbulent week on Wall Street, while investors continue to assess U.S.-China trade relations and the Hong Kong government protests. The Hong Kong protests have yet to materially affect U.S. […]

Volatility persists with futures under early pressure U.S. equity futures have backpedaled from yesterday’s rally, leaving the S&P 500 futures down 15 points, or 0.5%, below fair value. There is no confirmed catalyst for the negative disposition, but there remains doubt among some investors about the global economy. In China, data showed producer prices unexpectedly […]

Markets higher in a much calmer morning U.S. equity futures, along with global stocks, have ticked higher in a much calmer morning, as upbeat Chinese data and European economic indicators help tame some of this week’s volatility. The S&P 500 futures trade three points, or 0.1%, above fair value.  Asian equities rose after Chinese exports […]

Global indices stabilize as investors weigh central bank easings The S&P 500 futures are trading four points, or 0.1%, below fair value after yesterday’s rebound trade, while investors assess more central bank easing and the continued decline in U.S. Treasury yields.  Three more central banks around the world cut their interest rates overnight as forecasts […]

Market Preparation, 14th November 2018 Futures Market – ES (S&P500 E Mini) Projected Open – Inside range, just above value. +13.50 approx. O/N High – 2744.50         O/N Low – 2711.00          yMID – 2735.25                 yClose – 2727.50 yVWAP – 2733.00             yVAH – 2739.50                 yVAL – 2718.50                 yLow – 2714.50 yHigh – 2755.75                 NVPOC – 2722.50             NVPOC […]

Economic News: CET News exp prev 02:30 China CPI 0.2% 0.7% 10:30 UK GDP 0.6% 0.4% 14:30 US PPI 0.2% 0.2% 16:00 Michigan Consumer Sentiment 100.4 98.6   source: tradingeconomics.com source: tradingeconomics.com source: tradingeconomics.com source: tradingeconomics.com Market Prep for ES: Levels: open 2804.50 high 2815.25 low 2795.00 close 2808.75 Midpoint 2805.25 VPOC 2809.50 IBH 2813.25 […]