Futures have been pegged at the same breakout level for the past 48 hours now… …as WTI has now reached our 74.25 target from August. continued for members… … continue reading →
Tag Archives: CL
October CPI came in unchanged following a 0.4% increase in September. For the year, CPI dropped to 3.2% from 3.7% in September. Core came in at 4.0% YoY and 0.2% MoM. Futures soared on the print. As we have anticipated for the past several months, it was a sharp drop in gas prices which produced … continue reading →
This is one of the biggest weeks for economic data in quite some time. We get October CPI tomorrow, PPI and retail sales on Wednesday, initial claims on Thursday, and housing starts and permits on Friday. Of all these data, CPI looms largest for the markets. Recall that September core CPI came in at 4.1% … continue reading →
If you liked the last four sessions, you’ll love the way this one is shaping up. continued for members… … continue reading →
VIX and the 10Y have both reached key chart pattern support.It’s a little early for a sprint to the barn. Will the algos take a breather? continued for members… … continue reading →
SPX and ES got all the way up to their SMA200s – the most significant overhead resistance – on yesterday’s vol collapse. Last night, an additional 4% smackdown in VIX put ES over its SMA200. continued for members… … continue reading →
Futures have bounced back from moderate overnight losses in advance of this afternoon’s FOMC decision. continued for members… … continue reading →
Futures are up slightly on as investors look ahead to tomorrow’s FOMC decision. continued for members… … continue reading →
Futures are up moderately after bouncing at the 1.618 Fib last week. continued for members… … continue reading →
Futures are off moderately following a big slide in GOOGL shares. AAPL and AMZN are also off. continued for members… … continue reading →