First Call: May 29, 2019

First Call: May 29, 2019

S&P futures down 0.7% after US equities were hit on Tuesday, ending near their worst levels for the session. Asian markets mostly weaker overnight with Japan down over 1%, though China posted a modest gain. European markets under pressure, down over 1%. Treasuries...
Quick Correction From Last Note on the Trade Ideas Sheet

Quick Correction From Last Note on the Trade Ideas Sheet

For some reason the comments under Trade Ideas was cut off.I said I was going to add a new idea but decided to hold off to see if we get a bounce.  With the shorter term  time frame SPY and QQQ nearing the 5th wave downside price objectives I would rather wait a day...
First Call: May 29, 2019

First Call: May 28, 2019

S&P futures little changed, near best levels, after index finished lower for a third straight week last week. Asian markets mostly higher overnight. China one of the better performers. European markets largely on the defensive. Treasuries stronger across the curve...
First Call: May 29, 2019

Huawei or Another I’m Gonna Find Ya

One way or another, I’m gonna find yaI’m gonna get ya, get ya, get ya, get yaOne way or another, I’m gonna win yaI’m gonna get ya, get ya ,get ya, get yaOne way or another, I’m gonna see yaI’m gonna meet ya, meet ya, meet ya, meet yaOne day, maybe next week, I’m gonna...
First Call: May 29, 2019

The Week Ahead: May 26, 2019

Key events and focus Holiday shortened week with the US markets closed Monday for Memorial Day.   Please note we will not be publishing on Monday.  The week’s two main macro events are both scheduled for Friday 5/31 (China’s May NBS PMIs and the US April PCE). China’s...