Dentalfloss
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SPX
Trading with point and figure
- Thread starter Dentalfloss
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Dentalfloss
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SPX has opposing vertical counts=confusion
That downside count got triggered on Friday
That downside count got triggered on Friday
Dentalfloss
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switch to hilo plot
we cans see the trend break late on friday
we cans see the trend break late on friday
Dentalfloss
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trend break got shrouded in all the volatility
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Dow
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downside count of 26650 area
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Mornin folks 
🤪🤪🤪💋🥣🥣🥣🥣🥣
🤪🤪🤪💋🥣🥣🥣🥣🥣
Dentalfloss
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Dow into the open....lookin a tad positive
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Naz 100
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UJ in rez
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Good Morning: The Long & the Short of it and The Bigger Picture - 23 July 2019 - ADM ISI
- Modestly busier day for data & events, another raft of earnings, new UK
Tory party leader, Spain confidence vote; digesting US debt ceiling
'deal', Singapore CPI; awaiting UK CBI Industrial Trends, US FHFA House
Prices, Existing Home Sales & Richmond Fed survey; UK new 10-yr, US 2-yr
- UK: CBI survey seen remaining weak on Brexit uncertainty, but likely
to be totally overshadowed by Tory party leadership announcement
- US Existing Home Sales expected to remain solid, Richmond Fed
Manufacturing seen posting very modest recovery
- Audio preview:
https://www.mixcloud.com/MOstwaldADM/adm-isi-morning-call-23-july-2019/
- Chart: WTI Oil future
..........................................................................
********************
** EVENTS PREVIEW **
********************
A slightly busier day than Monday awaits in terms of data and events, along with another raft of corporate earnings. Surveys dominate the data run, with the UK CBI Industrial Trends, provisional Eurozone Consumer Confidence, and the Richmond Fed in the US, where FHFA House Prices and Existing Home Sales are also due. The IMF also publishes the latest update to its World Economic Outlook, and while the usual caveats apply, markets will be sensitive to any forecast downgrades in major economies. The ruling UK Conservative party announces the result of its leadership election, with Boris Johnson assumed to have won, with the handover as new PM taking place tomorrow. In Spain, PM Sanchez is expected to face a confidence vote, as he seeks to form and confirm a coalition govt with Podemos, though even with their support he would not have an absolute majority, so this is likely to drag on, and the threat of fresh elections in November is a real one (yes that would be a fourth in four years!). Govt bond auctions take the shape of a new UK 10-yr Gilt and US 2-yr, while there are no change rate decisions expected in Hungary & Nigeria. On the corproate earnings front, Kuehne + Nagel, Norsk Hydro and UBS are amongst those likely to feature in Europe, while the US features Coca-Cola, Discover Financial services, Harley-Davidson, Kimberly-Clark, Pultegoup, Snap, United Technologies & Visa. There will also be perhaps be some relief that the White House and Congress have reached a deal on raising the debt ceiling, avoiding the totally redundant posturing of another shutdown. More importantly the question is how quickly the Treasury now starts to rebuild its cash balance at the Fed (liquidity draining), though lower volumes of T-Bill Sales and indeed the likelihood that the Fed terminates its balance sheet reduction a little earlier than expected, given that cutting rates and draining liquidity would to say the least be totally incongruous. A word in passing on Singapore following the lower than expected headline CPI, and core CPI falling to a 2-yr low as expected; typically MAS (central bank) reviews its monetary policy stance when it publishes quarterly GDP (which would be mean early October). However with the economy clearly facing very stiff headwinds from US/China trade tensions, as exemplified both by Exports data and likely to be underlined in this Friday's Industrial Production, and with the prospect of the Fed, and other Asian central banks easing, an intra-meeting cut looks to be a real possibility. Also to be taken note of for the beleaguered German economy, the top story of our overnight headlines suggesting that water levels on the Rhine are again (as they were in 2018) to be too low for shipping, with the reminder that about 35% of all German goods transport goes via the Rhine - more bad news for Deutschland AG.
The UK CBI Industrial Trends survey is expected to show Orders remaining deep in negative territory at an unchanged -15, with the quarterly Business Optimism index seen tumbling to -20 from -12, with Brexit uncertainty continuing to unsettle many businesses. Whoever takes over as PM is unlikely to remove some, let alone all of that uncertainty, given that he will inherit a wafer thin majority (assuming the DUP continue their 'supply and confidence' agreement with the Conservatives), and a deeply divided Tory party, as emphasized by the wave of cabinet ministers resigning in anticipation of Johnson winning. Following on from the sharp rebounds in the NY & Philly Fed surveys, today brings the Richmond Fed Manufacturing survey, which is expected to edge up to 5 from 3, having retreated considerably less than either of the others. US Existing Home Sales are seen dipping marginally to a 5.33 Mln SAAR pace, largely sustaining the better levels seen in May due to the fall in mortgage rates.
| Inbox | x |
| 08:42 (32 minutes ago) |
|
- Modestly busier day for data & events, another raft of earnings, new UK
Tory party leader, Spain confidence vote; digesting US debt ceiling
'deal', Singapore CPI; awaiting UK CBI Industrial Trends, US FHFA House
Prices, Existing Home Sales & Richmond Fed survey; UK new 10-yr, US 2-yr
- UK: CBI survey seen remaining weak on Brexit uncertainty, but likely
to be totally overshadowed by Tory party leadership announcement
- US Existing Home Sales expected to remain solid, Richmond Fed
Manufacturing seen posting very modest recovery
- Audio preview:
https://www.mixcloud.com/MOstwaldADM/adm-isi-morning-call-23-july-2019/
- Chart: WTI Oil future
..........................................................................
********************
** EVENTS PREVIEW **
********************
A slightly busier day than Monday awaits in terms of data and events, along with another raft of corporate earnings. Surveys dominate the data run, with the UK CBI Industrial Trends, provisional Eurozone Consumer Confidence, and the Richmond Fed in the US, where FHFA House Prices and Existing Home Sales are also due. The IMF also publishes the latest update to its World Economic Outlook, and while the usual caveats apply, markets will be sensitive to any forecast downgrades in major economies. The ruling UK Conservative party announces the result of its leadership election, with Boris Johnson assumed to have won, with the handover as new PM taking place tomorrow. In Spain, PM Sanchez is expected to face a confidence vote, as he seeks to form and confirm a coalition govt with Podemos, though even with their support he would not have an absolute majority, so this is likely to drag on, and the threat of fresh elections in November is a real one (yes that would be a fourth in four years!). Govt bond auctions take the shape of a new UK 10-yr Gilt and US 2-yr, while there are no change rate decisions expected in Hungary & Nigeria. On the corproate earnings front, Kuehne + Nagel, Norsk Hydro and UBS are amongst those likely to feature in Europe, while the US features Coca-Cola, Discover Financial services, Harley-Davidson, Kimberly-Clark, Pultegoup, Snap, United Technologies & Visa. There will also be perhaps be some relief that the White House and Congress have reached a deal on raising the debt ceiling, avoiding the totally redundant posturing of another shutdown. More importantly the question is how quickly the Treasury now starts to rebuild its cash balance at the Fed (liquidity draining), though lower volumes of T-Bill Sales and indeed the likelihood that the Fed terminates its balance sheet reduction a little earlier than expected, given that cutting rates and draining liquidity would to say the least be totally incongruous. A word in passing on Singapore following the lower than expected headline CPI, and core CPI falling to a 2-yr low as expected; typically MAS (central bank) reviews its monetary policy stance when it publishes quarterly GDP (which would be mean early October). However with the economy clearly facing very stiff headwinds from US/China trade tensions, as exemplified both by Exports data and likely to be underlined in this Friday's Industrial Production, and with the prospect of the Fed, and other Asian central banks easing, an intra-meeting cut looks to be a real possibility. Also to be taken note of for the beleaguered German economy, the top story of our overnight headlines suggesting that water levels on the Rhine are again (as they were in 2018) to be too low for shipping, with the reminder that about 35% of all German goods transport goes via the Rhine - more bad news for Deutschland AG.
The UK CBI Industrial Trends survey is expected to show Orders remaining deep in negative territory at an unchanged -15, with the quarterly Business Optimism index seen tumbling to -20 from -12, with Brexit uncertainty continuing to unsettle many businesses. Whoever takes over as PM is unlikely to remove some, let alone all of that uncertainty, given that he will inherit a wafer thin majority (assuming the DUP continue their 'supply and confidence' agreement with the Conservatives), and a deeply divided Tory party, as emphasized by the wave of cabinet ministers resigning in anticipation of Johnson winning. Following on from the sharp rebounds in the NY & Philly Fed surveys, today brings the Richmond Fed Manufacturing survey, which is expected to edge up to 5 from 3, having retreated considerably less than either of the others. US Existing Home Sales are seen dipping marginally to a 5.33 Mln SAAR pace, largely sustaining the better levels seen in May due to the fall in mortgage rates.
Dentalfloss
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Dentalfloss
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SPX lined up
C
cantagril
Bonjour M. le Stracteur,
Currently long CAC from 81 TP 5615. Just 1 lot as I'm septical 🙂
Currently long CAC from 81 TP 5615. Just 1 lot as I'm septical 🙂
C
cantagril
15 was pushing it. Will take it at 10 if it gives me a chance
C
cantagril
15 was pushing it. Will take it at 10 if it gives me a chance
It didn't. Out at 5605 +24
Now sitting on hands until the dust has settled from the coronation
