SPXUSD daily guidance is neutral with a bearish bias. Recommended ratio: 48% SPX, 52% Cash.
* MINOR DOWNWARD CORRECTION WATCH . Equities, Equity Futures, Cryptos, Oil, Agriculture, NI225, EURUSD, GBPUSD and JPYUSD are all down. DXY, Long-Term US Treasuries, VIX, Gold, Natural Gas, HSI and CNYUSD are up. US President Biden and China President Jinping met...
SPXUSD daily guidance is neutral with a bullish bias. Recommended ratio: 60% SPX, 40% Cash.
* 50MA RESISTANCE TEST . Equity Futures, Hang Seng (Hong Kong) Index, Cryptos, DXY, US Treasuries and JPY are up while CNYUSD, GPBUSD and EURUSD are down. Equities and Commodities finished today's session higher. US September New Home Sales came -10.9% lower at 603k...
SPXUSD daily guidance is cautiously bearish. Recommended ratio: 35% SPX, 65% Cash.
* BOUNCE WATCH . US September Building Permits came in 1.4% higher than in August while Housing Starts registered 8.1% lower , following a recent trend of builders making more plans to build but being unable to start. Several factors contributing to this include average 30yr...
SPXUSD daily guidance is cautiously bullish. Recommended ratio: 65% SPX, 35% Cash.
* S&P September US PMI came in at 52 compared to 51.5 and beating the consensus estimate of 51.8. Though marginal, September PMI increasing as DXY continues to go up and inflation remains high implies that the demand outlook improved slightly since August, which is odd...
SPXUSD daily guidance is cautiously bearish. Recommended ratio: 20% SPX, 80% Cash.
* BOUNCE WATCH . Equity Indexes and Equity Futures are down, as are Commodities, GBPUSD and EURUSD... meanwhile DXY, US Treasuries, VIX and Cryptos are up. Interestingly, Cryptos have been defiant recently in the sense that they have held key supports in what can be seen as an...
SPXUSD Daily guidance is cautiously bearish. Recommended ratio: 30% SPX, 70% Cash .
*FOMC WATCH. This week is already off to a volatile start with Equities starting in the red and currently attempting to close in the green. Equities, Equity Futures, Cryptos, Energy, DXY and US 10yr Bonds are either flat or up while VIX, EURUSD, US 30yr Bonds and Gold are flat...
SPXUSD Daily guidance is cautiously bearish. Recommended ratio: 35% SPX, 65% Cash.
* BOUNCE WATCH . All eyes are on the big FOMC statement at 2pm on 09/21. The big volatility and volume surge today was largely due to a whopping $3.2t OpEx (options expiration) . The UofM Consumer Sentiment Index for September came in at 59.5 compared to 58.2 in August,...
SPXUSD Daily cautiously bearish. Recommended ratio: 35% SPX, 65% Cash.
*August CPI surprised to the upside by increasing 0.1% to finish 8.3% higher than the year before compared to 8.1% consensus estimates, sending Equities, Cryptos, Commodities, Euro and Futures into the red. Today's winners are once again a combination of DXY, US Treasuries and VIX....
SPXUSD Daily cautiously bearish. Recommended ratio: 15% SPX, 85% Cash.
*BOUNCE WATCH. Equities continued to take a plunge today as Cleveland Fed President Loretta Mester mentioned that she would like to see rates above 4% by year end and for most (if not all) of 2023. In one of my previous analyses I incorrectly mentioned that only three Fed members voted on...
SPXUSD Daily neutral with a bullish bias. Recommended ratio: 55% SPX, 45% Cash.
* The Fed Minutes confirmed preexisting knowledge that inflation is still the primary concern for the economy (making this release a low impact event) and that more downsizing of the Fed balance sheet + another 50bps is the baseline scenario for the next FOMC meeting on 09/21....
SPXUSD Daily cautiously bullish. Recommended ratio: 75% SPX, 25% Cash . *The BLS reported PPI numbers this morning and they followed in the footsteps of CPI by coming in lower than the month prior, from a 1% rise in June to a -0.5% drop in July. This was a surprise because consensus estimates had PPI rising by 0.2%, such a dramatic fall can largely be attributed...
SPXUSD Daily neutral with a bearish bias. Recommended ratio: 40% SPX, 60% Cash . * CRITICAL RESISTANCE WATCH . Equities finished the session relatively flat as markets are sending mixed signals ahead of CPI and PPI data on 08/10 and 08/11. Crypto, Gold, VIX and Oil are trending higher while DXY and Treasuries are down. Palantir reported an earnings miss and...
