August 29, 2013
SPX:
Today Our model is = Neutral to Short.
BOP - Short
VOL. WEIGHTED MACD - Short
CUSTOM RSI - Short
PRICE INDICATOR - Short
VOL. PROFILE - Neutral
CHART PATTERNS - Neutral
Commentary: We might see some further price consolidation today which may give a slight lift to equities..
FUNDAMENTAL:
Today our Model is = Neutral to Long.
ECON DATA: IJC, GDP, PCESPEAKERS: Bullard
POLITICAL & MISC: Syrian Conflict, Septaper,
Commentary: Risk Sentiment is obviously the driving theme, however, if no action materializes that along will lift equitiues, with Bullard likely to talk rates lower on disinflation concerns and GDP to be a slight miss equities may pull back further against the trend.
SUMMARY:
Today's Best Day Trading Tip is = Neutral to Long.
Today's Best Day Trading Tip is = Neutral to Long.
Macro Theme:
Clearly the market will lean towards being SHORT the 10's knowing that the BIG TAPER is just months away. Remember the TAPER is new just as TARP was 5 years ago. Bonds caught a bid and stayed bid and since the Taper talk bonds have been largely offered and stayed that way and likely will. FED Talk is of course down playing the impact but for now the Macro Trend is clear - SHORT BIAS
DAX:
Today Our Model is = Neutral to Long.
BOP - Neutral
MONEY FLOW - Weak Long
DBLE STOCH - Weak Long
ROC - Short
REGRESSION CHNL - Long
VOL PROFILE - Neutral to Short
Commentary: Our Model still maintains its Long but we trade off the Summary Model because Risk should never be ignored. You heard it here first yesterday that a break below 8,200 will send the DAX cascading lower by 200 to 300 pts from the day's prior close.
FUNDAMENTAL:
FUNDAMENTAL:
Today our Model is = Neutral to Long.
ECON DATA: SP - GDP, DE - CPI, IT - Ret. Sales
SPEAKERS: Mersch, Weidmann, Rehn
POLITICAL & MISC: Syrian Conflict, Hawkish Speakers, M3 miss, ECB Dovish Chatter
Commentary: Risk Sentiment is the Key market driver of price action. If that abates today whih coming from the Asia session it has it looks like the DAX may recoup some its losses. We feel that the Hawks will make it clear Rates have bottomed, however, the ECB is in full accommodation mode.
ECON DATA: SP - GDP, DE - CPI, IT - Ret. Sales
SPEAKERS: Mersch, Weidmann, Rehn
POLITICAL & MISC: Syrian Conflict, Hawkish Speakers, M3 miss, ECB Dovish Chatter
Commentary: Risk Sentiment is the Key market driver of price action. If that abates today whih coming from the Asia session it has it looks like the DAX may recoup some its losses. We feel that the Hawks will make it clear Rates have bottomed, however, the ECB is in full accommodation mode.
SUMMARY:
Today's Best Day Trading Tip is = Neutral to Long.
Today's Best Day Trading Tip is = Neutral to Long.
Macro Theme:
The ECB is out of tools. Their situation is precarious as recent data has bottomed out but not strong enough to turn the European recession around which means all they can do IS TALK DOWN RATES but TAKE NO ACTION!