ES - Shorter Durations Bullish, Larger Negative Zone / Friday
4441 has finally arrived after a Lower Boundary in the 4260 Range
has held on 3 attempts to break.
During Globex Price made the Over-Throw to 4448.75.
It has been ranging during the O/N Session, sideways to up within
a 20 handle range.
The Higher Price Objectives are now 4481 to 4500.
Friday's are the Lowest Liquidity / Lowest Participation Day of the Week.
IMF, Retail, Sentiment, FED Budget Balance Data.
The Federal Reserve is again making $12.24 Billion available for Coupon
Purchases to recycle for Prop Desks.
The Financials are up against their Highs.
We are a few more Days until the October VIX Sells. The 17.50 level indicates
the potential to Trade the Lower Boundary between 16.20 - 16.95.
Swing Traders will be closing Positions.
___________________________________________________________________
We indicated there would be an attempt @ 4441, it was a clear Price Objective
overhead, it has been met and exceeded O/N.
It must complete during RTH - this should not be an issue... Friday, FED Prop,
Macro Data they will support.
We maintain higher on the ST Durations for now.
We believe a larger correction will follow this retracement and this is not the
beginning of 5/5, as indicated, we do believe the 200SMAs will trade after this
CT Completes.
From where our indicators will provide the information. For now the Equity
Complex remains in a Bullish Posture - attempting to turn the OSC"s higher and
induce a chase.
We will be looking for entries into the Counter-Trend from the BTO Side.
___________________________________________________________________
Macro Data
08:30 USD Core Retail Sales (MoM) (Sep)
08:30 USD Export Price Index (MoM) (Sep)
08:30 USD Import Price Index (MoM) (Sep)
08:30 USD NY Empire State Manufacturing Index (Oct)
08:30 USD Retail Control (MoM) (Sep)
08:30 USD Retail Sales (MoM) (Sep)
08:30 USD Retail Sales (YoY) (Sep)
08:30 USD Retail Sales Ex Gas/Autos (MoM) (Sep)
10:00 USD Business Inventories (MoM) (Aug)
10:00 USD Michigan 5-Year Inflation Expectations (Oct)
10:00 USD Michigan Consumer Expectations (Oct)
10:00 USD Michigan Consumer Sentiment (Oct)
10:00 USD Michigan Current Conditions (Oct)
10:00 USD Michigan Inflation Expectations (Oct)
10:00 USD Retail Inventories Ex Auto (Aug)
11:00 USD IMF Meetings
12:20 USD FOMC Member Williams Speaks
13:00 USD U.S. Baker Hughes Oil Rig Count
13:00 USD U.S. Baker Hughes Total Rig Count
14:00 USD Federal Budget Balance
15:30 GBP CFTC GBP speculative net positions
15:30 USD CFTC Aluminium speculative net positions
15:30 USD CFTC Copper speculative net positions
15:30 USD CFTC Corn speculative net positions
15:30 USD CFTC Crude Oil speculative net positions
15:30 USD CFTC Gold speculative net positions
15:30 USD CFTC Nasdaq 100 speculative net positions
15:30 USD CFTC Natural Gas speculative net positions
15:30 USD CFTC S&P 500 speculative net positions
15:30 USD CFTC Silver speculative net positions
15:30 USD CFTC Soybeans speculative net positions
15:30 USD CFTC Wheat speculative net positions
___________________________________________________________________
EPS Today
Goldman Sachs (GS) -- / 10.11 -- / 11.72B 125.92B
Prologis (PLD) -- / 0.4715 -- / 1.04B 100.34B
PNC Financial (PNC) -- / 3.38 -- / 5.04B 86.06B
Truist Financial Corp (TFC) 1.42 / 1.09 5.62B / 5.52B 80.94B
Fortescue Metals (FSUMF) -- / 0.00 -- / -- 32.67B
Atrium Ljungberg B (0IHM) -- / 2.09 -- / 578.33M 25.13B
Legal & General Group Plc (LGGNY) -- / -- -- / -- 22.84B
Severstal DRC (SVSTq) -- / 1.76 -- / 3.49B 18.75B
JB Hunt (JBHT) -- / 1.79 -- / 3.03B 18.43B
Legal & General (LGEN) -- / -- -- / -- 16.71B
ASX ADR (ASXFY) -- / -- -- / -- 11.36B
Schroders (SDRt) -- / -- -- / -- 9.17B
Schroders (SDR) -- / -- -- / -- 9.17B
Hargreaves Lansdown (HRGV) -- / -- -- / -- 7.09B
Sensient Technologies (SXT) -- / 0.8033 -- / 327.6M 3.88B
Ameris (ABCB) -- / 1.18 -- / 245.1M 3.67B
Zardoya Otis (0NR7) -- / -- -- / -- 3.24B
Badger Meter (BMI) -- / 0.502 -- / 127.04M 3B
Arcelik ADR (ACKAY) -- / 0.6788 -- / 1.91B 2.43B
Eaton Vance Tax Advantaged Glb Div (ETG) -- / -- -- / -- 1.65B
Jupiter FM (JUP) -- / -- -- / -- 1.3B
Republic Bancorp (RBCAA) -- / 0.95 -- / 67.61M 1.06B
ADTRAN (ADTN) -- / 0.148 -- / 147.92M 927.53M
Foreign Trade Bank of Latin America (BLX) -- / 0.4 -- / 24.99M 741.58M
HarborOne Banc (HONE) -- / 0.23 -- / 55.84M 730.51M
Bank of Commerce (BOCH) -- / 0.29 -- / 15M 251.99M
1st Constitution Bancorp (FCCY) -- / 0.47 -- / 18.22M 247.25M
GoldMining (GOLD) -- / -0.01 -- / 0.00 242.35M
Ames (ATLO) -- / -- -- / -- 214.84M
GoldMining (GLDG) -- / -0.008 -- / 0.00 196.13M
Scancell (SCLP) -- / -- -- / -- 183.42M
Penns Woods (PWOD) -- / -- -- / -- 167.51M
LifeMD (LFMD) -- / -0.62 -- / 26.39M 160.68M
Beter Bed (0DQK) -- / -- -- / -- 151.16M
Wealth Minerals (WML) -- / -- -- / -- 151.12M
Oak Valley Bancorp (OVLY) -- / -- -- / -- 144.12M
First Capital (FCAP) -- / -- -- / -- 138.5M
Acme United (ACU) -- / 0.44 -- / 47.65M 126.93M
Eagle Financial Services (EFSI) -- / -- -- / -- 116.24M
Hepion Pharmaceuticals (HEPA) -- / -0.19 -- / 0.00 115.86M
Black Iron Inc. (BKI) -- / -- -- / -- 104.21M
Citizens (CIZN) -- / -- -- / -- 103.18M
Emclaire (EMCF) -- / -- -- / -- 72.39M
Sosandar (SOSS) -- / -- -- / -- 63.02M
Mason Graphite Inc. (LLG) -- / -- -- / -- 57.92M
Altitude (ALT) -- / -- -- / -- 25.09M
TSR (TSRI) 3.18 / -- 22.87M / -- 20.17M
Generex Biotech (GNBT) -- / -- -- / -- 19.76M
INEO Tech (INEO) -- / -- -- / -- 16.24M
Iota Com (IOTC) -- / -- -- / -- 15.73M
Emmis Comm (EMMS) -- / -- -- / -- 13.4M
Intellipharmaceutics (IPCI) -- / -- -- / -- 5.79M
Intellipharmaceutics (IPCIF) -- / -- -- / -- 4.69M
has held on 3 attempts to break.
During Globex Price made the Over-Throw to 4448.75.
It has been ranging during the O/N Session, sideways to up within
a 20 handle range.
The Higher Price Objectives are now 4481 to 4500.
Friday's are the Lowest Liquidity / Lowest Participation Day of the Week.
IMF, Retail, Sentiment, FED Budget Balance Data.
The Federal Reserve is again making $12.24 Billion available for Coupon
Purchases to recycle for Prop Desks.
The Financials are up against their Highs.
We are a few more Days until the October VIX Sells. The 17.50 level indicates
the potential to Trade the Lower Boundary between 16.20 - 16.95.
Swing Traders will be closing Positions.
___________________________________________________________________
We indicated there would be an attempt @ 4441, it was a clear Price Objective
overhead, it has been met and exceeded O/N.
It must complete during RTH - this should not be an issue... Friday, FED Prop,
Macro Data they will support.
We maintain higher on the ST Durations for now.
We believe a larger correction will follow this retracement and this is not the
beginning of 5/5, as indicated, we do believe the 200SMAs will trade after this
CT Completes.
From where our indicators will provide the information. For now the Equity
Complex remains in a Bullish Posture - attempting to turn the OSC"s higher and
induce a chase.
We will be looking for entries into the Counter-Trend from the BTO Side.
___________________________________________________________________
Macro Data
08:30 USD Core Retail Sales (MoM) (Sep)
08:30 USD Export Price Index (MoM) (Sep)
08:30 USD Import Price Index (MoM) (Sep)
08:30 USD NY Empire State Manufacturing Index (Oct)
08:30 USD Retail Control (MoM) (Sep)
08:30 USD Retail Sales (MoM) (Sep)
08:30 USD Retail Sales (YoY) (Sep)
08:30 USD Retail Sales Ex Gas/Autos (MoM) (Sep)
10:00 USD Business Inventories (MoM) (Aug)
10:00 USD Michigan 5-Year Inflation Expectations (Oct)
10:00 USD Michigan Consumer Expectations (Oct)
10:00 USD Michigan Consumer Sentiment (Oct)
10:00 USD Michigan Current Conditions (Oct)
10:00 USD Michigan Inflation Expectations (Oct)
10:00 USD Retail Inventories Ex Auto (Aug)
11:00 USD IMF Meetings
12:20 USD FOMC Member Williams Speaks
13:00 USD U.S. Baker Hughes Oil Rig Count
13:00 USD U.S. Baker Hughes Total Rig Count
14:00 USD Federal Budget Balance
15:30 GBP CFTC GBP speculative net positions
15:30 USD CFTC Aluminium speculative net positions
15:30 USD CFTC Copper speculative net positions
15:30 USD CFTC Corn speculative net positions
15:30 USD CFTC Crude Oil speculative net positions
15:30 USD CFTC Gold speculative net positions
15:30 USD CFTC Nasdaq 100 speculative net positions
15:30 USD CFTC Natural Gas speculative net positions
15:30 USD CFTC S&P 500 speculative net positions
15:30 USD CFTC Silver speculative net positions
15:30 USD CFTC Soybeans speculative net positions
15:30 USD CFTC Wheat speculative net positions
___________________________________________________________________
EPS Today
Goldman Sachs (GS) -- / 10.11 -- / 11.72B 125.92B
Prologis (PLD) -- / 0.4715 -- / 1.04B 100.34B
PNC Financial (PNC) -- / 3.38 -- / 5.04B 86.06B
Truist Financial Corp (TFC) 1.42 / 1.09 5.62B / 5.52B 80.94B
Fortescue Metals (FSUMF) -- / 0.00 -- / -- 32.67B
Atrium Ljungberg B (0IHM) -- / 2.09 -- / 578.33M 25.13B
Legal & General Group Plc (LGGNY) -- / -- -- / -- 22.84B
Severstal DRC (SVSTq) -- / 1.76 -- / 3.49B 18.75B
JB Hunt (JBHT) -- / 1.79 -- / 3.03B 18.43B
Legal & General (LGEN) -- / -- -- / -- 16.71B
ASX ADR (ASXFY) -- / -- -- / -- 11.36B
Schroders (SDRt) -- / -- -- / -- 9.17B
Schroders (SDR) -- / -- -- / -- 9.17B
Hargreaves Lansdown (HRGV) -- / -- -- / -- 7.09B
Sensient Technologies (SXT) -- / 0.8033 -- / 327.6M 3.88B
Ameris (ABCB) -- / 1.18 -- / 245.1M 3.67B
Zardoya Otis (0NR7) -- / -- -- / -- 3.24B
Badger Meter (BMI) -- / 0.502 -- / 127.04M 3B
Arcelik ADR (ACKAY) -- / 0.6788 -- / 1.91B 2.43B
Eaton Vance Tax Advantaged Glb Div (ETG) -- / -- -- / -- 1.65B
Jupiter FM (JUP) -- / -- -- / -- 1.3B
Republic Bancorp (RBCAA) -- / 0.95 -- / 67.61M 1.06B
ADTRAN (ADTN) -- / 0.148 -- / 147.92M 927.53M
Foreign Trade Bank of Latin America (BLX) -- / 0.4 -- / 24.99M 741.58M
HarborOne Banc (HONE) -- / 0.23 -- / 55.84M 730.51M
Bank of Commerce (BOCH) -- / 0.29 -- / 15M 251.99M
1st Constitution Bancorp (FCCY) -- / 0.47 -- / 18.22M 247.25M
GoldMining (GOLD) -- / -0.01 -- / 0.00 242.35M
Ames (ATLO) -- / -- -- / -- 214.84M
GoldMining (GLDG) -- / -0.008 -- / 0.00 196.13M
Scancell (SCLP) -- / -- -- / -- 183.42M
Penns Woods (PWOD) -- / -- -- / -- 167.51M
LifeMD (LFMD) -- / -0.62 -- / 26.39M 160.68M
Beter Bed (0DQK) -- / -- -- / -- 151.16M
Wealth Minerals (WML) -- / -- -- / -- 151.12M
Oak Valley Bancorp (OVLY) -- / -- -- / -- 144.12M
First Capital (FCAP) -- / -- -- / -- 138.5M
Acme United (ACU) -- / 0.44 -- / 47.65M 126.93M
Eagle Financial Services (EFSI) -- / -- -- / -- 116.24M
Hepion Pharmaceuticals (HEPA) -- / -0.19 -- / 0.00 115.86M
Black Iron Inc. (BKI) -- / -- -- / -- 104.21M
Citizens (CIZN) -- / -- -- / -- 103.18M
Emclaire (EMCF) -- / -- -- / -- 72.39M
Sosandar (SOSS) -- / -- -- / -- 63.02M
Mason Graphite Inc. (LLG) -- / -- -- / -- 57.92M
Altitude (ALT) -- / -- -- / -- 25.09M
TSR (TSRI) 3.18 / -- 22.87M / -- 20.17M
Generex Biotech (GNBT) -- / -- -- / -- 19.76M
INEO Tech (INEO) -- / -- -- / -- 16.24M
Iota Com (IOTC) -- / -- -- / -- 15.73M
Emmis Comm (EMMS) -- / -- -- / -- 13.4M
Intellipharmaceutics (IPCI) -- / -- -- / -- 5.79M
Intellipharmaceutics (IPCIF) -- / -- -- / -- 4.69M