Dentalfloss
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p/b needs to stay above 2100 area
Trading with point and figure
- Thread starter Dentalfloss
- Start date
- Watchers 90
Dentalfloss
Legendary member
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Dentalfloss
Legendary member
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Dentalfloss
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ftse 6780-6800 mega
there now
lets see how it gets handled
there now
lets see how it gets handled
Dentalfloss
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in that rez nowSPX
more detail
Dentalfloss
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rez hit 1.2558CABLE
into rez
watch for supp area marked
Dentalfloss
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hit...now what ??OIL
Dentalfloss
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need to update chartEURUSD
running into major rez
rez slightly out
gives us a poss gguide to the dollar
Dentalfloss
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gotcha....posted at 8.00 am
stops tightened
Last edited:
Dentalfloss
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Dentalfloss
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- Digesting Japan Wages, German Orders, awaiting US Labour Market
Conditions Index, ECB speak and Corporate, but latest FBI investigation
twist and election vigil to dominate
- German Factory Orders: sluggish Q3 orders growth should temper survey
related optimism
- US election: in many ways perhaps more about Congressional vote outcomes
than presidential, even if markets initially more sensitive to the
latter
- Charts: CFTC energy positions, Baker Hughes rig count, WTI
..........................................................................
********************
** EVENTS PREVIEW **
********************
Outside of a disappointing set of German Factory Orders and mixed Japan Wages data, the US Labor Market Conditions Index, a smattering of ECB speak and more corporate earnings, there is little in the way of scheduled data events, which might distract markets from the US election vigil for than a few milliseconds. The more so, in the wake of yet another twist in the Clinton e-mail FBI investigation, which leaves a lot of questions about the operating parameters of the US judiciary and security services. It should be added that this will certainly not put an end to the numerous questions and investigations about Mrs Clinton's modus operandi in her time as Secretary of State, or indeed that of the Clinton Foundation. In respect of the German Factory Orders, the setback was across the board in geographical terms, though very specific in terms of sector terms, with a 1.6% m/m drop in Capital Goods Orders offsetting 0.5% m/m gains in both Consumer and Intermediate Goods, and leaves Orders just 0.4% higher in Q3 vs. the end of Q2, which should serve to temper some of the survey related optimism about German growth in Q4 2016.
UPDATED: The Week Ahead - Bullet point highlights: 7 to 11 November 2016
- The U.S. election will obviously be the highlight of the week, and will
likely keep markets choppy but subdued in volume terms, until
Wednesday morning (London), and if expectations of a very close result
prove correct, then a final result may not become clear till much
later in the day. As important will be the elections for the two
houses of Congress, which are also likely to be close run, though the
GOP is seen holding the House, while the Senate may go either way. A
clean sweep (seemingly unlikely) would probably prompt the sharpest
reaction. In the more likely event of some form of ostensible gridlock,
then House Speaker Paul Ryan (assuming he retains his post, which is not
assured) will likely be the 'kingmaker' in terms of passing legislation.
As has been all too clear in the UK, the bitter vitriol and divisiveness
will certainly long outlast this election, and ensure that the next
president's 4-year term will be anything other than trouble and conflict
free.
- Following the Article 50 UK High Court ruling, there will be particular
interest in today's statement to Parliament by the Attorney General; the
more so given the ambivalent support from the government for the
independence of the judiciary. PM May will be in India at the start of
the week for a 3-day visit.
- The trenchant swing to populism evident in the US and Europe has so
many echoes in history, be that Robespierre, Danton and the French
revolution; the Bolsheviks during the Russian Revolution; the unholy
alliance between the German aristocracy and Hitler, even the English
Civil War; none of which much comfort as precedents.
- Statistically it will be a very quiet week in the US, and a relatively
busy week for China with Trade, CPI and PPI. German and Japan Factory
Orders are accompanied by Industrial Production and Trade data in the
UK, Germany, France, Spain and Italy, while Norway has CPI and PPI.
- Central Banks: New Zealand's RBNZ is seen cutting rates 25 bps to 1.75%,
while there is some debate as to whether the Bank of Korea will cut
rates following the latest measures to cool the housing market. Rates
are expected to be held in Peru, the Philippines, Poland and Serbia.
Fed and ECB speakers will be plentiful throughout the week, and the
BoJ will publish its summary of opinions at its last policy meeting.
- Corporate Earnings will again be plentiful, but the season is starting
to wind down.
- After a precipitous fall in oil prices, the weekly EIA inventories
and the monthly EIA, IEA and OPEC oil market reports will also
command particular attention.
- Govt bonds: the US tops the schedule with its 'quarterly refunding' of
3, 10 & 30-yr, the UK launches a new 2037 conventional Gilt, while
Germany, Italy and the Netherlands also hold auctions, and Japan
sells 10 & 30-yr JGBs. Corporate supply will likely be minimal
until after the US election, but there will then be a rush (market
conditions permitting) as companies look to complete any financing
needs ahead of the Thanksgiving watershed.
-----
Factset S&P500 Earnings Scorecard
https://www.factset.com/websitefiles/PDFs/earningsinsight/earningsinsight_11.4.16
- Key Metrics
• Earnings Scorecard: As of today (with 85% of the companies in the S&P 500 reporting earnings for Q3 2016),
71% of S&P 500 companies have reported earnings above the mean estimate and 54%of S&P 500 companies
have reported sales above the mean estimate.
• Earnings Growth: For Q3 2016, the blended earnings growth rate for the S&P 500 is 2.7%. If the index reports
growth in earnings for the quarter, it will mark the first time the index has seen year-over-year growth in earnings since Q1 2015 (0.5%).
• Earnings Revisions: On September 30, the estimated earnings decline for Q3 2016 was -2.2%. All eleven
sectors have higher growth rates today (compared to September 30) due to upside earnings surprises, led by the
Real Estate sector.
• Earnings Guidance: For Q4 2016, 53 S&P 500 companies have issued negative EPS guidance and 25 S&P 500
companies have issued positive EPS guidance.
• Valuation: The forward 12-month P/E ratio for the S&P 500 is 15.9. This P/E ratio is based on Thursday’s closing price (2088.66) and forward 12-month EPS estimate ($131.43).
from Marc Ostwald
Conditions Index, ECB speak and Corporate, but latest FBI investigation
twist and election vigil to dominate
- German Factory Orders: sluggish Q3 orders growth should temper survey
related optimism
- US election: in many ways perhaps more about Congressional vote outcomes
than presidential, even if markets initially more sensitive to the
latter
- Charts: CFTC energy positions, Baker Hughes rig count, WTI
..........................................................................
********************
** EVENTS PREVIEW **
********************
Outside of a disappointing set of German Factory Orders and mixed Japan Wages data, the US Labor Market Conditions Index, a smattering of ECB speak and more corporate earnings, there is little in the way of scheduled data events, which might distract markets from the US election vigil for than a few milliseconds. The more so, in the wake of yet another twist in the Clinton e-mail FBI investigation, which leaves a lot of questions about the operating parameters of the US judiciary and security services. It should be added that this will certainly not put an end to the numerous questions and investigations about Mrs Clinton's modus operandi in her time as Secretary of State, or indeed that of the Clinton Foundation. In respect of the German Factory Orders, the setback was across the board in geographical terms, though very specific in terms of sector terms, with a 1.6% m/m drop in Capital Goods Orders offsetting 0.5% m/m gains in both Consumer and Intermediate Goods, and leaves Orders just 0.4% higher in Q3 vs. the end of Q2, which should serve to temper some of the survey related optimism about German growth in Q4 2016.
UPDATED: The Week Ahead - Bullet point highlights: 7 to 11 November 2016
- The U.S. election will obviously be the highlight of the week, and will
likely keep markets choppy but subdued in volume terms, until
Wednesday morning (London), and if expectations of a very close result
prove correct, then a final result may not become clear till much
later in the day. As important will be the elections for the two
houses of Congress, which are also likely to be close run, though the
GOP is seen holding the House, while the Senate may go either way. A
clean sweep (seemingly unlikely) would probably prompt the sharpest
reaction. In the more likely event of some form of ostensible gridlock,
then House Speaker Paul Ryan (assuming he retains his post, which is not
assured) will likely be the 'kingmaker' in terms of passing legislation.
As has been all too clear in the UK, the bitter vitriol and divisiveness
will certainly long outlast this election, and ensure that the next
president's 4-year term will be anything other than trouble and conflict
free.
- Following the Article 50 UK High Court ruling, there will be particular
interest in today's statement to Parliament by the Attorney General; the
more so given the ambivalent support from the government for the
independence of the judiciary. PM May will be in India at the start of
the week for a 3-day visit.
- The trenchant swing to populism evident in the US and Europe has so
many echoes in history, be that Robespierre, Danton and the French
revolution; the Bolsheviks during the Russian Revolution; the unholy
alliance between the German aristocracy and Hitler, even the English
Civil War; none of which much comfort as precedents.
- Statistically it will be a very quiet week in the US, and a relatively
busy week for China with Trade, CPI and PPI. German and Japan Factory
Orders are accompanied by Industrial Production and Trade data in the
UK, Germany, France, Spain and Italy, while Norway has CPI and PPI.
- Central Banks: New Zealand's RBNZ is seen cutting rates 25 bps to 1.75%,
while there is some debate as to whether the Bank of Korea will cut
rates following the latest measures to cool the housing market. Rates
are expected to be held in Peru, the Philippines, Poland and Serbia.
Fed and ECB speakers will be plentiful throughout the week, and the
BoJ will publish its summary of opinions at its last policy meeting.
- Corporate Earnings will again be plentiful, but the season is starting
to wind down.
- After a precipitous fall in oil prices, the weekly EIA inventories
and the monthly EIA, IEA and OPEC oil market reports will also
command particular attention.
- Govt bonds: the US tops the schedule with its 'quarterly refunding' of
3, 10 & 30-yr, the UK launches a new 2037 conventional Gilt, while
Germany, Italy and the Netherlands also hold auctions, and Japan
sells 10 & 30-yr JGBs. Corporate supply will likely be minimal
until after the US election, but there will then be a rush (market
conditions permitting) as companies look to complete any financing
needs ahead of the Thanksgiving watershed.
-----
Factset S&P500 Earnings Scorecard
https://www.factset.com/websitefiles/PDFs/earningsinsight/earningsinsight_11.4.16
- Key Metrics
• Earnings Scorecard: As of today (with 85% of the companies in the S&P 500 reporting earnings for Q3 2016),
71% of S&P 500 companies have reported earnings above the mean estimate and 54%of S&P 500 companies
have reported sales above the mean estimate.
• Earnings Growth: For Q3 2016, the blended earnings growth rate for the S&P 500 is 2.7%. If the index reports
growth in earnings for the quarter, it will mark the first time the index has seen year-over-year growth in earnings since Q1 2015 (0.5%).
• Earnings Revisions: On September 30, the estimated earnings decline for Q3 2016 was -2.2%. All eleven
sectors have higher growth rates today (compared to September 30) due to upside earnings surprises, led by the
Real Estate sector.
• Earnings Guidance: For Q4 2016, 53 S&P 500 companies have issued negative EPS guidance and 25 S&P 500
companies have issued positive EPS guidance.
• Valuation: The forward 12-month P/E ratio for the S&P 500 is 15.9. This P/E ratio is based on Thursday’s closing price (2088.66) and forward 12-month EPS estimate ($131.43).
from Marc Ostwald
markets working the US election narrative (strong dollar, index up).
Dentalfloss
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DAX
Dentalfloss
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eurusd in our supp
cable in our supp
dax at our rez
ftse at our rez
oil in rez
spx in rez...up to 2120/mega
usdjpy in strong rez
do the markets believe...??
cable in our supp
dax at our rez
ftse at our rez
oil in rez
spx in rez...up to 2120/mega
usdjpy in strong rez
do the markets believe...??
Dentalfloss
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USDJPY
Dentalfloss
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6800...ya hummer
scalping in and out this morning
scalping in and out this morning
Dentalfloss
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10460 area on dax workin well
Dentalfloss
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bounce from our 1.2375 area and 1.1050
excellent
excellent
Dentalfloss
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do we get sold..??
Dentalfloss
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It’s all about the election. I don’t have anything to add to the comments made over the weekend in the weekly report. In it I concluded the election is the single biggest event we’ve had in years. Bigger than the first time the Fed raised rates. Bigger than the Brexit vote. Bigger than everything.
I said a big move was coming. Wall Street doesn’t like uncertainty, and it doesn’t want a contested election. It wants a declared winner tomorrow night. If it happens, the market will surge. If it doesn’t, the market will tank. I don’t believe there will be any middle ground. We’ll move huge up or down.
News trumps the charts, and this news item is bigger than anything we’ve had in many years
from Jason Leavitt
I said a big move was coming. Wall Street doesn’t like uncertainty, and it doesn’t want a contested election. It wants a declared winner tomorrow night. If it happens, the market will surge. If it doesn’t, the market will tank. I don’t believe there will be any middle ground. We’ll move huge up or down.
News trumps the charts, and this news item is bigger than anything we’ve had in many years
from Jason Leavitt
