10:00 AM - US stocks gapped higher on big beat WMT earnings and signs China-US to have low level trade talks. This was despite lower closes in Asia where almost all equity markets closed lower. But it was the intraday action overnight as CNY fell (strengthened) 0.66% ... Read More...
11;12AM – SPX has moved up 0.82% to test intraday resistance at 2843.34. A move above that level suggests a high test, both near-term and January. Rebound continues after yesterday’s morning test of 2800 area support. NASDAQ Comp up 0.88% shows similar recovery as SPX lifting off yesterday’s test of its rising... Read More...
12:25pm -SPX 2848.85 up 1.11% has cleared res from Fri-Tues at 2843.34 so not looks primed to test near term high at 2840 and Jan high at 2872.87. CCMP 7846.96 up .094%. Two levels on upside to watch... Read More...
12:30pm – Lighthizer hopeful for NAFTA breakthrough in next few days.
China-US to resume low level talks on trade issues.
Chinese Yuan surges most since Jan, rebounding from2017 low Read More...
1:00PM up 1%+ XOP, XME, SLX, COPX and KWEB up 2.5%
From Fast Half-Time on CNBC... Read More...
5:15pm From Fast Money on CNBC
BK not impressed with ITB price action today – the day started with weak housing data ITB and rose... Read More...
Consumer Discretionary – consolidates near highs ... Read More...
Be An Informed Stock Market Investor; Find Opportunity
Have you ever worked on an equity trading desk? It’s Intense and exhilarating at the same time. The background chatter from the traders, the soft cross-talk from the TV monitors all enhancing the news flow that is coming to the traders at their trading stations. All this as the financial markets create their own dynamic in which investors get the opportunity to risk capital with the intention of reaping profits.
While news moves markets it’s the interpretation of the news through a melding of the technical position of the stock market with the linkages between economic data and movements in the currency, bond and commodity markets that create opportunity. The intention of our Blog is to help you seize that opportunity.
When the ISM data is released do you know what data within the report could move which market, which sectors? Can you tell from the stock market’s reaction what it is saying about its view of the data? That’s the tale of the tape. We’ll help you read it.
Marc Sutin is President of Intuitive Analysis, LLC. As President he serves as analyst, publisher and communicator of the firm’s outlook for the financial markets.
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