Indices Futures Prices
- NASD Stocks, Sell Program hits. GC Targets, Hogs, chart
NASD 7777-OL, now Dia Down selling. Dollar whacked, LB LH US Cyclical bot. $250mil drone?Shot down?
- Midday Market Minute
The equity market rally hits a brief pause. This is what we have been on the lookout for. Dont panic, this is healthy. Where is support? Crude and Gold...
- NASD EPs, Pre Topple, GC soars day 4.
NatGas, GC targets hit, 4 days, Corn, NL spds., Hogs OLB alert. coffee up 10% in 5 days Rockin
- Trading the Noise - Blue Line Morning Express
ES, NQ, Crude, Gold. Actionable research out early each morning to brokerage clients with full technicals.
- Gold at Six Year High
Traders are looking ahead to the upcoming G-20 meeting in Osaka, Japan on Friday and Saturday, where President Donald Trump and Chinas President Xi are...
- Index futures and leading commodities - intraday trade ideas
Here is our core playbook for the day session.
Futures Market News and Commentary
The S&P 500 ($SPX) this morning is down by -12.82 (-0.44%), the Dow Jones Industrials index ($DOWI) is down -87.92 (-0.33%), and the Nasdaq 100 Index ($IUXX) is down -68.75 (-0.89%). U.S. stock indexes are trading lower this morning on weak U.S. economic data and ramped-up Iran tensions. Today's data showed that May new home sales unexpectedly fell -7.8% to a 5-month low of 626,000, weaker than expectations of +1.6% to 684,000. In addition, the Conference Board's U.S. Jun consumer confidence index fell by -9.8 points to a 1-3/4 year low of 121.5, weaker than expectations of -3.1 to 131.0. Tensions between U.S. and Iran increased after Iran today said that Monday's action by the U.S. to impose additional sanctions on Iran has closed off any diplomatic means for a solution. President Trump then ratcheted up the rhetoric today when he said any attack by Iran on the U.S. or its interests will be answered with "great and overwhelming force." Another negative for stock prices is reduced optimism for a resolution to the US/China trade war after U.S. officials played down expectations for this Saturday's meeting between President Trump and Chinese President Xi Jinping in Japan, saying the U.S. wasn't prepared to compromise on its demands for meaningful Chinese economic reforms. The VIX volatility index ($VIX) today jumped to a 1-week high of 16.04% and currently is up +0.72 to 15.98% as it climbs further from last Thursday's 1-1/2 month low of 13.19%. The VIX remains far below the 5-week high from June 3 of 19.75% and the early-May 5-1/2 month high of 23.38%.