If the market opens up soft, watch out for margin calls in the futures and margin clerks selling out positions. Equities, you have a three-day settlement so, you calls may go out in the morning but you will have time to pray for a rally.
he world is changing and we have to learn to adjust to new technologies. The markets have been viewed as volatile.....where were you during the highly volatile tech rally at the turn of the century. Let us remind you that during those years,trading haults were triggered frequently. Today, we have nothing like that to deal with. Hummm guess volatile is a relative term.
Get your popcorn here for the big debate on television tomorrow. The market is not doing much, maybe the debating wizards will give it a reason to move, one way or the other.
- The S&P 500 hit a resistance level twice last week according to a horizontal line drawn based on past behavior, but volume is declining in the recent four-day rally, which is typical of the wishy-washy market.
- Earnings season has had some positive and negative surprises, and mergers are beginning to appear as companies take advantage of cheap borrowing costs.
- Most indexes gained on Friday but volume was low on some new highs, a sign the market may need rest before further gains, though indicators still point higher overall. Gold and oil retreated as the dollar rallied.
- Social Security payments will increase by $2 per $1,000 next year, but Medicare part B costs will increase by $27.20, leaving seniors with less money. The cost of living increase does not cover the rise in Medicare costs.
- A French colleague expressed concerns about "scary" conditions in France like a large influx of immigrants and poor economic prospects, reflecting growing populism in Europe over issues like immigration and jobs. These populist sentiments have also fueled movements like Brexit and Donald Trump's campaign.
- In the Friday session following the Brexit vote, the S&P 500 fell 1.9% and closed below a support level, while the Nasdaq fell 2% and came close
Mr Market wants to go higher but it needs to settle back and absorb some of its recent gains. Crude oil and gold look awful, while the US Dollar Index is on its way to a "moon shot."
- The document is a weekly market summary and outlook letter from an options trading advisory service.
- It provides analysis of recent price action and technical indicators for S&P 500, Nasdaq 100, Russell 2000, US Dollar, crude oil, and gold markets.
- The letter expects markets to see increased volatility over the coming week due to the Brexit vote on Thursday, with reactions on both Thursday and Friday depending on the outcome.
he world is changing and we have to learn to adjust to new technologies. The markets have been viewed as volatile.....where were you during the highly volatile tech rally at the turn of the century. Let us remind you that during those years,trading haults were triggered frequently. Today, we have nothing like that to deal with. Hummm guess volatile is a relative term.
Get your popcorn here for the big debate on television tomorrow. The market is not doing much, maybe the debating wizards will give it a reason to move, one way or the other.
- The S&P 500 hit a resistance level twice last week according to a horizontal line drawn based on past behavior, but volume is declining in the recent four-day rally, which is typical of the wishy-washy market.
- Earnings season has had some positive and negative surprises, and mergers are beginning to appear as companies take advantage of cheap borrowing costs.
- Most indexes gained on Friday but volume was low on some new highs, a sign the market may need rest before further gains, though indicators still point higher overall. Gold and oil retreated as the dollar rallied.
- Social Security payments will increase by $2 per $1,000 next year, but Medicare part B costs will increase by $27.20, leaving seniors with less money. The cost of living increase does not cover the rise in Medicare costs.
- A French colleague expressed concerns about "scary" conditions in France like a large influx of immigrants and poor economic prospects, reflecting growing populism in Europe over issues like immigration and jobs. These populist sentiments have also fueled movements like Brexit and Donald Trump's campaign.
- In the Friday session following the Brexit vote, the S&P 500 fell 1.9% and closed below a support level, while the Nasdaq fell 2% and came close
Mr Market wants to go higher but it needs to settle back and absorb some of its recent gains. Crude oil and gold look awful, while the US Dollar Index is on its way to a "moon shot."
- The document is a weekly market summary and outlook letter from an options trading advisory service.
- It provides analysis of recent price action and technical indicators for S&P 500, Nasdaq 100, Russell 2000, US Dollar, crude oil, and gold markets.
- The letter expects markets to see increased volatility over the coming week due to the Brexit vote on Thursday, with reactions on both Thursday and Friday depending on the outcome.
Are we all ready for the "Year of the Monkey?" It has been interesting! We see some trading opportunities but remember to just visit the trade and not marry it!
Although the Chinese markets, Saudi turmoil and North Korean nuclear test have been given credit for last week's market retreat, there are other factors that are being ignored. We have been warning that a strong US Dollar will have a deflationary effect on the US economy and somewhat negative effects on the middle income earners, companies that depend on exports and corporations that need to borrow money.
The document provides commentary on various financial markets and economic indicators. It discusses:
1. Employer tactics like making all employees part-time or using automation to avoid paying $15 minimum wage and benefits.
2. The impact of a strong US dollar on multinational company earnings and exports. The dollar is at a support level and could impact future earnings if it gains strength.
3. Commentary on movements in the S&P 500, NASDAQ 100, Russell 2000, US Dollar Index, crude oil, and gold. Technical indicators are discussed for each market.
This document provides commentary and analysis on various financial markets and indexes from July 31, 2016. It includes quotes from The Wonderful Wizard of Oz relevant to the upcoming US presidential election. Market summaries are given for the S&P 500, NASDAQ 100, Russell 2000, US Dollar Index, crude oil, gold, and currencies like the British Pound in the context of Brexit. Charts and technical indicators are referenced to describe recent trends and levels of support and resistance. Potential risks for traders are also noted.
Surprise! Freight rail traffic is down 16.1% for the month of April. In case you believe that this
is a fluke number, it is not. The freight rail traffic has been down every month since November.
Okay so not everything was down, vehicle part were up as well as coke and chemicals.
Petroleum products were down 25.1% and even grain mill products, grains, and pulp and paper
were down. Coal, is a disaster, down big every month.
Americans feel financially strained due to stagnant wages and rising costs of living over the past 40 years. While automation has eliminated some jobs, a larger issue is a skills gap as the culture pushes more people into white-collar jobs instead of trades with strong demand. Technology will likely continue disrupting jobs but widespread social problems from unemployment are decades away.
This shortened week has been very exciting for the bulls with three of the four days bragging of robust rallies. Even the retreat in the shortened Christmas Eve session was positive for the market insomuch as not much ground was lost.
“Sell in May and go away!” Well maybe, our suggestion is to use trailing stops or hard stops on your positions. We suggest that approach because the truth is that we do not know when the correction or plunge will occur, we only know that it will occur. Remember bull markets can last longer that you might ever have believed. The US market is a bit long in the tooth as a bull market and lasting advances might be harder to achieve thus we advise caution. We are not telling you to sell just to make sure that any long positions have stops in place. The rally that began in March of 2009 has proceeded higher with nothing more than a couple of hiccups along the way. The rally has been strong and predictable. The longer a trend lasts the stronger the reversal will be so with that in mind, don’t try to predict the end of the bull just keep your protection in place.
The document provides an analysis and outlook for various financial markets including stocks, crude oil, gold, and the US Dollar index based on technical indicators. It notes bullish patterns forming in the S&P 500 and NASDAQ indexes and predicts potential short-term rallies. It also comments on recent moves higher in crude oil prices which it attributes partly to US dollar weakness. The analysis finds gold and the US dollar in sideways trading ranges for the near future. It closes with standard risk disclosure language.
This past week the US markets rallied in the Monday session, retreated in the Tuesday and Wednesday sessions, rallied in Thursday session and then on Friday the "Jobs Report" was release in the morning and the market gave back all the weeks gains on Good Friday. What is going to happen on Monday? How will this effect the US Dollar, crude oil and gold?
The document provides an overview and analysis of various financial markets including stocks, commodities, currencies, and precious metals from March 15, 2015. It notes recent declines in stocks while small-cap stocks and the Russell 2000 have remained stronger. Commodities like oil declined further while gold and currencies like the US dollar increased. Overall the markets seem overextended on the upside or downside depending on the asset, and volatility is expected around upcoming futures and options expirations.
We hope you enjoyed the roller-coaster ride the market provided during the last two weeks. We not only had the Brexit vote, but the end of the month adjustments and the left-over natural adjustment that occurs right after a quarterly expiration of futures. Wahoo an option sellers delight, the VIX pulled out of the doldrums into a brief state of excitement!
We are getting fairly close to a short-term top. There are too many analysts looking for a correction. Stay long keep your stops tight and if elected keep the proceeds in cash.
Are we all ready for the "Year of the Monkey?" It has been interesting! We see some trading opportunities but remember to just visit the trade and not marry it!
Although the Chinese markets, Saudi turmoil and North Korean nuclear test have been given credit for last week's market retreat, there are other factors that are being ignored. We have been warning that a strong US Dollar will have a deflationary effect on the US economy and somewhat negative effects on the middle income earners, companies that depend on exports and corporations that need to borrow money.
The document provides commentary on various financial markets and economic indicators. It discusses:
1. Employer tactics like making all employees part-time or using automation to avoid paying $15 minimum wage and benefits.
2. The impact of a strong US dollar on multinational company earnings and exports. The dollar is at a support level and could impact future earnings if it gains strength.
3. Commentary on movements in the S&P 500, NASDAQ 100, Russell 2000, US Dollar Index, crude oil, and gold. Technical indicators are discussed for each market.
This document provides commentary and analysis on various financial markets and indexes from July 31, 2016. It includes quotes from The Wonderful Wizard of Oz relevant to the upcoming US presidential election. Market summaries are given for the S&P 500, NASDAQ 100, Russell 2000, US Dollar Index, crude oil, gold, and currencies like the British Pound in the context of Brexit. Charts and technical indicators are referenced to describe recent trends and levels of support and resistance. Potential risks for traders are also noted.
Surprise! Freight rail traffic is down 16.1% for the month of April. In case you believe that this
is a fluke number, it is not. The freight rail traffic has been down every month since November.
Okay so not everything was down, vehicle part were up as well as coke and chemicals.
Petroleum products were down 25.1% and even grain mill products, grains, and pulp and paper
were down. Coal, is a disaster, down big every month.
Americans feel financially strained due to stagnant wages and rising costs of living over the past 40 years. While automation has eliminated some jobs, a larger issue is a skills gap as the culture pushes more people into white-collar jobs instead of trades with strong demand. Technology will likely continue disrupting jobs but widespread social problems from unemployment are decades away.
This shortened week has been very exciting for the bulls with three of the four days bragging of robust rallies. Even the retreat in the shortened Christmas Eve session was positive for the market insomuch as not much ground was lost.
“Sell in May and go away!” Well maybe, our suggestion is to use trailing stops or hard stops on your positions. We suggest that approach because the truth is that we do not know when the correction or plunge will occur, we only know that it will occur. Remember bull markets can last longer that you might ever have believed. The US market is a bit long in the tooth as a bull market and lasting advances might be harder to achieve thus we advise caution. We are not telling you to sell just to make sure that any long positions have stops in place. The rally that began in March of 2009 has proceeded higher with nothing more than a couple of hiccups along the way. The rally has been strong and predictable. The longer a trend lasts the stronger the reversal will be so with that in mind, don’t try to predict the end of the bull just keep your protection in place.
The document provides an analysis and outlook for various financial markets including stocks, crude oil, gold, and the US Dollar index based on technical indicators. It notes bullish patterns forming in the S&P 500 and NASDAQ indexes and predicts potential short-term rallies. It also comments on recent moves higher in crude oil prices which it attributes partly to US dollar weakness. The analysis finds gold and the US dollar in sideways trading ranges for the near future. It closes with standard risk disclosure language.
This past week the US markets rallied in the Monday session, retreated in the Tuesday and Wednesday sessions, rallied in Thursday session and then on Friday the "Jobs Report" was release in the morning and the market gave back all the weeks gains on Good Friday. What is going to happen on Monday? How will this effect the US Dollar, crude oil and gold?
The document provides an overview and analysis of various financial markets including stocks, commodities, currencies, and precious metals from March 15, 2015. It notes recent declines in stocks while small-cap stocks and the Russell 2000 have remained stronger. Commodities like oil declined further while gold and currencies like the US dollar increased. Overall the markets seem overextended on the upside or downside depending on the asset, and volatility is expected around upcoming futures and options expirations.
We hope you enjoyed the roller-coaster ride the market provided during the last two weeks. We not only had the Brexit vote, but the end of the month adjustments and the left-over natural adjustment that occurs right after a quarterly expiration of futures. Wahoo an option sellers delight, the VIX pulled out of the doldrums into a brief state of excitement!
We are getting fairly close to a short-term top. There are too many analysts looking for a correction. Stay long keep your stops tight and if elected keep the proceeds in cash.
- The ECB has begun quantitative easing which will depress the euro relative to the US dollar. This will make US exports more expensive abroad while increasing imports to the US. It could lead to layoffs in US industries like oil as demand declines for domestic goods.
- The authors believe the FOMC will not raise rates this year due to a weak economy and job growth. Higher rates could appreciate the dollar further and negatively impact US exports and multinational corporate earnings.
- Most stock indices declined slightly on Friday but indicators are pointing lower. Crude oil continued declining on oversupply concerns while the strong dollar pushed gold lower intraday. The US dollar index reached new highs not seen since 2003.
Lots of strange things happening this past week. Did the market turn the corner or was this just a one-day-wonder bounce. The US Dollar and crude oil have disconnect, well for now. Read more to solve these mysteries.
The sentiment levels show that there are lots of bulls waiting for a correction and lots of bulls
still out there. Meanwhile the bears have dwindled to a few scared animals. This week we have
the Scottish vote for independence on Thursday. While it really doesn’t impact the US markets
it will have a huge effect on the UK banks and debt market. After all if Scotland can declare
independence why not other locals such as areas of Spain and Italy….Catalonia anybody?
- The document discusses the impact of lower oil prices on consumer spending and the US economy, noting that lower gas prices act as a tax break that will likely boost consumer spending, especially during the holiday season.
- It also discusses recent gains in the S&P 500 and NASDAQ indexes, noting that indicators are overbought but the upward trend may continue. Volume has been average.
- Gold prices are discussed as well, noting the chart looks "truly awful" and further declines are possible based on technical indicators.
We are entering a very strange economic condition where most of the central banks in the globe,
except the US of course, are making extreme efforts to deflate their currencies and increase
liquidity in their markets by printing money
The document discusses recent changes by the SEC that will allow money market funds to let their share prices float below $1 and to block withdrawals during times of crisis. It also summarizes market performance for stocks, gold, oil and the US dollar for the week. The S&P 500, Nasdaq and Russell 2000 fell while gold rose. Crude oil closed near recent levels and the US dollar index strengthened significantly.
Gold is the rally for real? Crude oil how low can it go? The S&P 500 looks like a roller coaster ride. What to do next? Get one professional's opinion!
Looks like Santa has left crude oil a lump of coal. The markets are deep into tax selling season here in the USA. The S&P 500 with 9% oil declined in Friday session.
This is a short week for the US markets. Thursday is Thanksgiving and Friday, well you are supposed to shop until you drop so the US markets close early to help you achieve that goal. Gold anybody? Russia has been acquiring lots of gold. Are they really that smart or is this in their grand plan? Swiss are voting on repatriating their gold and pegging it to their currency.
The document provides an overview and analysis of recent market movements in response to the Swiss National Bank allowing the Swiss franc to float freely. It discusses the rally in the franc and fallout for some firms. It also analyzes price movements and indicators for the S&P 500, NASDAQ 100, Russell 2000, crude oil, gold, and US Dollar Index from the prior week. Recommendations are given to remain alert and watch for effects of Swiss franc funds moving into US and European markets.
Option Queen Newsletter July 20, 2014 with chartsScutify
- Old vintage clothing and selling homes as a "for sale by owner" are ways for people to make extra cash when money gets tight. Listing a home as FSBO can save the 6% realtor commission, and MLS services allow FSBO listings for about $295. Basic photography for online listings costs $100-350.
- The stock markets were up last week despite global chaos, as the conflicts have not impacted the US economy. Interest rates remain low, benefiting the stock market, though rates will likely rise eventually.
- Most market indexes rallied or traded range-bound last week. Indicators show mixed signals across indexes, with some pointing higher and others lower or neutral. The document analy
The market continues is trek higher even with, a not so stellar, “jobs report.” There is too much sideline money waiting for a pull backs to jump on board, therefore any retreat will likely be
shallow. One of these days, the bounce will die like a beach ball that has been deflated. Until that time, up up and away we go. The S&P 500 looks as though it is forming a rounding top which could either launch a retreat or become a spring board for the next assault to the upper stratosphere. So far, we have been correct in keeping our stops tight and behaving defensively. The world is chaotic with hot spots all over. There will come a time when one of these hot spots will become an erupting volcano. The good news is that here in the USA we are not involved on our own soil.
Lots of under-currents this week. Is the economy expanding or is that expansion very moderate. How will the savings on cheaper gasoline help Christmas shopping and is OPEC behind the rout in crude oil? So many questions.
A toxic combination of 15 years of low growth, and four decades of high inequality, has left Britain poorer and falling behind its peers. Productivity growth is weak and public investment is low, while wages today are no higher than they were before the financial crisis. Britain needs a new economic strategy to lift itself out of stagnation.
Scotland is in many ways a microcosm of this challenge. It has become a hub for creative industries, is home to several world-class universities and a thriving community of businesses – strengths that need to be harness and leveraged. But it also has high levels of deprivation, with homelessness reaching a record high and nearly half a million people living in very deep poverty last year. Scotland won’t be truly thriving unless it finds ways to ensure that all its inhabitants benefit from growth and investment. This is the central challenge facing policy makers both in Holyrood and Westminster.
What should a new national economic strategy for Scotland include? What would the pursuit of stronger economic growth mean for local, national and UK-wide policy makers? How will economic change affect the jobs we do, the places we live and the businesses we work for? And what are the prospects for cities like Glasgow, and nations like Scotland, in rising to these challenges?
An accounting information system (AIS) refers to tools and systems designed for the collection and display of accounting information so accountants and executives can make informed decisions.
Optimizing Net Interest Margin (NIM) in the Financial Sector (With Examples).pdfshruti1menon2
NIM is calculated as the difference between interest income earned and interest expenses paid, divided by interest-earning assets.
Importance: NIM serves as a critical measure of a financial institution's profitability and operational efficiency. It reflects how effectively the institution is utilizing its interest-earning assets to generate income while managing interest costs.
"Does Foreign Direct Investment Negatively Affect Preservation of Culture in the Global South? Case Studies in Thailand and Cambodia."
Do elements of globalization, such as Foreign Direct Investment (FDI), negatively affect the ability of countries in the Global South to preserve their culture? This research aims to answer this question by employing a cross-sectional comparative case study analysis utilizing methods of difference. Thailand and Cambodia are compared as they are in the same region and have a similar culture. The metric of difference between Thailand and Cambodia is their ability to preserve their culture. This ability is operationalized by their respective attitudes towards FDI; Thailand imposes stringent regulations and limitations on FDI while Cambodia does not hesitate to accept most FDI and imposes fewer limitations. The evidence from this study suggests that FDI from globally influential countries with high gross domestic products (GDPs) (e.g. China, U.S.) challenges the ability of countries with lower GDPs (e.g. Cambodia) to protect their culture. Furthermore, the ability, or lack thereof, of the receiving countries to protect their culture is amplified by the existence and implementation of restrictive FDI policies imposed by their governments.
My study abroad in Bali, Indonesia, inspired this research topic as I noticed how globalization is changing the culture of its people. I learned their language and way of life which helped me understand the beauty and importance of cultural preservation. I believe we could all benefit from learning new perspectives as they could help us ideate solutions to contemporary issues and empathize with others.
Discover the Future of Dogecoin with Our Comprehensive Guidance36 Crypto
Learn in-depth about Dogecoin's trajectory and stay informed with 36crypto's essential and up-to-date information about the crypto space.
Our presentation delves into Dogecoin's potential future, exploring whether it's destined to skyrocket to the moon or face a downward spiral. In addition, it highlights invaluable insights. Don't miss out on this opportunity to enhance your crypto understanding!
https://36crypto.com/the-future-of-dogecoin-how-high-can-this-cryptocurrency-reach/
Fabular Frames and the Four Ratio ProblemMajid Iqbal
Digital, interactive art showing the struggle of a society in providing for its present population while also saving planetary resources for future generations. Spread across several frames, the art is actually the rendering of real and speculative data. The stereographic projections change shape in response to prompts and provocations. Visitors interact with the model through speculative statements about how to increase savings across communities, regions, ecosystems and environments. Their fabulations combined with random noise, i.e. factors beyond control, have a dramatic effect on the societal transition. Things get better. Things get worse. The aim is to give visitors a new grasp and feel of the ongoing struggles in democracies around the world.
Stunning art in the small multiples format brings out the spatiotemporal nature of societal transitions, against backdrop issues such as energy, housing, waste, farmland and forest. In each frame we see hopeful and frightful interplays between spending and saving. Problems emerge when one of the two parts of the existential anaglyph rapidly shrinks like Arctic ice, as factors cross thresholds. Ecological wealth and intergenerational equity areFour at stake. Not enough spending could mean economic stress, social unrest and political conflict. Not enough saving and there will be climate breakdown and ‘bankruptcy’. So where does speculative design start and the gambling and betting end? Behind each fabular frame is a four ratio problem. Each ratio reflects the level of sacrifice and self-restraint a society is willing to accept, against promises of prosperity and freedom. Some values seem to stabilise a frame while others cause collapse. Get the ratios right and we can have it all. Get them wrong and things get more desperate.
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
In a tight labour market, job-seekers gain bargaining power and leverage it into greater job quality—at least, that’s the conventional wisdom.
Michael, LMIC Economist, presented findings that reveal a weakened relationship between labour market tightness and job quality indicators following the pandemic. Labour market tightness coincided with growth in real wages for only a portion of workers: those in low-wage jobs requiring little education. Several factors—including labour market composition, worker and employer behaviour, and labour market practices—have contributed to the absence of worker benefits. These will be investigated further in future work.
South Dakota State University degree offer diploma Transcriptynfqplhm
办理美国SDSU毕业证书制作南达科他州立大学假文凭定制Q微168899991做SDSU留信网教留服认证海牙认证改SDSU成绩单GPA做SDSU假学位证假文凭高仿毕业证GRE代考如何申请南达科他州立大学South Dakota State University degree offer diploma Transcript
South Dakota State University degree offer diploma Transcript
September 11, 2016.docx with charts
1. Option Queen Letter
By the Option Royals
Jeanette Young, CFP®
, CFTe, CMT, M.S. and Jordan Young, CMT
4305 Pointe Gate Drive
Livingston, New Jersey 07039
www.OptnQueen.com
optnqueen@aol.com
September 11, 2016
Today is the 15th anniversary of the tragic events at the Twin Towers, the Pentagon and a
field in Pennsylvania. WE WILL NEVER FORGET and have learned not to be passive
observers, but rather to help when help is needed. That day changed the lives of not only
the victims of the terrorist attack but all Americans who learned we are vulnerable and are
at risk.
Brexit shopping bash!
Money has been flowing into the US markets for the juicy yields on our bonds. How long can
this last and when will see this migration of money stop? The flow of money will end soon
because unless the yields appreciate (go higher), the cost of hedging that transaction back into
the investing currency will negate the interest rate earned. That should slow down the flow of
money into the US markets, unless interest rates go higher.
The Bank of England devalued its currency by lowering their interest rates. The effect of doing
that is to deflate the value of the currency. Here in the USA the FOMC seems to be itching to
raise interest rates which, would make the US Dollar strong. A weak currency can be
inflationary while a strong currency can be viewed as deflationary. Why, well because a strong
currency can buy more stuff especially when buying from a weaker currency. For example
should we want to buy real-estate in London with our strong US Dollars, it is much cheaper
today with the pound at about 1.31 to the US Dollar than it was a couple of months ago when the
pound was 1.53 to the US Dollar. Your London hotel room will be cheaper for foreign visitors
and if you are from the USA and the tours will certainly be cheaper. English companies might
be so cheap as to become the target for a takeover. Imports from England will also become
cheap. Any wonder why tourism in England is now the hot destination.
Brexit put England on sale not only for tourists but also a prime target for mergers and
acquisitions of companies. If they were fairly valued before Brexit, they are downright cheap
now.
2. What does the weak pound gain, clearly tourism, shopping, everything is cheaper. Exports are
hot because they are now cheap and companies well they too are cheap. We should see some
aggressive takeovers in the near future. If you are English and live in England the world hasn’t
changed much. Your devalued pound still buys you the same stuff it bought before. Imports are
expensive and travel will likely be out of the question for a while.
As Americans we can stock up on those imports from England which, a couple of months ago
were too expensive. Everything is on sale in England……enjoy and shop on!
Regarding the indices, and other commodities. As these financial indices fall, margin calls go
out. Margin clerks will take matters into their own hands, if the call isn’t met and portfolios will
be sold out. In that sale, you can expect to see safe havens such as the US Dollar and gold
liquidated. The margin clerk cares not a whit about the portfolio’s balance or the strong vs. the
weak, they just want money to cover the call. They will generally sell those issues that will bring
in the most money. Remember also commodity calls must be answered the next day while stock
margin calls have three business days to be answered. That is because stocks have a three day
settlement while commodities only have to the next session. If the market continues to retreat in
the Monday session, the futures markets will feel the margin clerk’s knife quickly while the
equities markets have a bit longer to pray for a bounce.
The S&P 500 December futures contract lost 56.25 handles (points) closing the Friday session at
2121.25 just a tiny bit above the day’s low of 2119.75. The market stopped at the horizontal
support line blowing down below the upper horizontal support line at 2141.50 and filled in the
lightly traded area between 2141.50 and 2120.50 that we spoke about in last week’s letter. The
Bollinger Bands finally broke out from the tightly squeezed area seen last week. While it was
possible for the market to have blown to the upside, the seasonals and the roll from September to
December influenced the direction of trade. The volume on Friday spiked. The market began its
sell-off in earnest at about 6:00am EST. From there the decline drifted lower picking up steam
until about 2:15pm EST where it tried to stabilize for an hour then resumed the steep decline into
the close on heavier volume. All the indicators that we follow herein continue to point lower.
We might expect to see some support at 2104.75 but wouldn’t be surprised to see some work
between 2120.50 and 2141.50 where there were single prints and light trading. Market Profile
brings these areas into focus and tells us that these areas tend to have quick moves which also
leads into some backing and filling.
3.
4.
5. The NASDAQ 100 lost 127.60 handles (points) in the Friday session closing at 4668.50 just 3.50
handles above the day’s low. The Bollinger Band popped like a balloon losing air. All the
indicators that we follow herein are pointing lower. This market began its decline in the
overnight session. Once the day-session opened the decline continues initially on heavier
volume and then thinning out volume until the attempt at stabilization, between 2:00pm EST and
3:30pm EST, when the decline resumed on pretty heavy volume. So where is support? 4640
and 4584.50. We would expect to see some trading on upside bounces to 4749.50. If you use
Fibonacci retracement numbers, the first support will be at 4581 and then 4502. We believe that
support will come in before that at 4640.00. Remember issues with dividends will behave better
than those without a dividend.
6.
7.
8. The Russell 2000 lost 42.90 handles (points) in the Friday session closing at 1212.90 just 2.90
handles from the day’s low. All the indicators that we follow herein are pointing lower. The
Bollinger Bands never really contracted as much as the bands contracted on the S&P 500 and
they did not expand as much as those seen on the S&P 500. The first Fibonacci retracement
number is 1192.513. We see support at 1194.70. The high volume area was 1222.90 and then
at 1218.20. This index stalled as the others did at 2:00pm EST and then resumed the decline at
3:30pm EST into the close, actually printing the day’s low in the last 15 minutes of trade.
9.
10.
11. The US Dollar Index gained 0.284 in the Friday session closing at 95.335. Both the stochastic
indicator and the RSI are pointing higher, our own indicator is pointing lower. If the US Dollar
can close above 95.59 for two trading days, a buy-signal will be issued and we would expect the
action to take us to 96 and possibly 96.24. This index is stuck in a trading range at this time.
The most frequently traded price for the day session was 95.425 where 11.8% of the day’s
volume traded. 94.925 and 94.95 were the most frequently traded prices in the combined
evening and day sessions. This market printed a high of 95.58 at 10:00 and after that the market
declined finding support at 95.295, just slightly positive on the day. Listen to the FOMC
members chatting this week prior to their quiet period and see what effect that chatter has on the
US Dollar index. Very few expect to see the FOMC raise rates in September, but you never
know.
12.
13.
14. Crude oil retreated 1.91 in the Friday session closing the day at 45.71. We see crude oil trading
in a range from 48.75 to 43.00. That narrow range is supported by horizontal support lines. The
wider range is from 39.19 to 51.67. The stochastic indicator and the RSI are issuing a sell-signal
but our own indicator continues to point higher. The Bollinger Bands are contracting but are not
narrow at this time and further contraction is expected. Believe it or not, this market is
beginning to get boring. The rig count is rising telling us that producers believe that the price of
crude oil will rise or, at worst, remain range bound.
15.
16. Gold declined 10.5 handles (points) in the Friday session closing at 1327.3, the low of the day.
That is also a horizontal line of support. All the indicators that we follow herein are issuing a
sell-signal. The volume in the Friday session declined. Gold has to close above 1349.47 to
reverse the previous three day decline. Although we like gold, we will wat to see if 1310.5 and
1302.1 support this market. Gold traded lower for most of the day-session with a rally at 10:05
which took the market from a low of 1330.3to a high of 1336.10 before it resumed its decline
into the close.
17.
18. Risk
Trading futures, options on futures and retail off-exchange foreign currency transactions involves
substantial risk of loss and is not suitable for all investors.
Past performance is not necessarily indicative of future results.
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