by Thomas Thornton | May 24, 2019 | Daily Note
There’s risk lower on global equities with most of the indexes nearing recent support levels. Considering market participants are getting more concerned with sentiment dropping while having gains for the year already, pulling the trigger to take some profits won’t be...
by Thomas Thornton | May 24, 2019 | First Call
S&P futures up 0.5%, off best levels. Watch the overnight VWAP on S&P futures at 2832 for support and 2845 the VWAP from the May 13th low as resistance. Overall I believe selling into this bounce is correct. Asian markets narrowly mixed overnight. China...
by Thomas Thornton | May 23, 2019 | First Call
S&P futures down 0.9%, though off worst levels. There isn't much good to talk about with global stocks selling off.. Asian markets weaker overnight with both China and Hong Kong down over 1%. European markets under pressure. Treasuries stronger across curve....
by Thomas Thornton | May 23, 2019 | Daily Note
Going into meetings today with the website developers so here’s three quick thoughts on today’s messy market. 1. Major indexes globally including some in the US are near the recent lows, sentiment is at the midpoint of the range which if and when this breaks 50%...
by Thomas Thornton | May 22, 2019 | Daily Note
There are a lot of really potentially negative catalysts out there that could smack the markets lower but for some reason the market remains resilient. One of the better market strategists today is Charlie McElligott from Nomura. His work regarding why the market...
