Info!! Morning Time Briefing For August 18Th: Bounce Inwards Opportunity Assets

evening weblog briefing for international numbers that are scheduled), permit me to give cheers readers for their recent, generous support. Yesterday eclipsed all previous records for daily traffic on the blog, as well as it was clear that the involvement was sparked past times the continuing development of the weblog every bit a determination back upward tool for traders. With briefings inwards the morning, midday, as well as even as well as trader as well as marketplace position psychology commentary between, the finish is to expand traders' vision as well as thereby aid traders aid themselves.

We tin run across from the nautical chart of the S&P 500 Index futures (ES) above, that we've bounced overnight from yesterday's lows on the heels of a favorable ZEW study inwards Germany. (This is i argue it's then of import for traders to know international reports due out each day). If you lot bring a hold off at the Demand/Supply numbers for Mon This post volition aid you lot empathize how I translate short-term momentum from this indicator; note from this post that it is non odd to larn a short-term bounce later on a really weak momentum twenty-four hours (though, every bit you'll non from the post, the bullish border diminishes thereafter).

I remain focused on those lows from 8/12, because--as long every bit nosotros remain below them--we are sustaining a downside breakout as well as accepting value at lower cost levels. That is what nosotros run across inwards short-term downtrends. H5N1 sustained motion dorsum inwards a higher house those 8/12 lows begins to brand yesterday's downdraft hold off similar a trap for bears as well as would receive got me thinking most a short-term rally dorsum into the prior multi-day range.

All of the jeopardy themes that sold off yesterday are bouncing then far this morning: crude as well as aureate are higher, 10-year Treasury involvement rates receive got bounced, as well as the euro is upward versus the the U.S.A. dollar. In pre-opening trade, we're seeing significantly to a greater extent than book transacted at the offering cost than the bid inwards the ES futures, suggesting underlying buying interest.

I volition endure updating during the twenty-four hours via Twitter as well as the weblog to run across if nosotros tin sustain this bounce as well as to run across if those intermarket themes maintain to sustain a buying of jeopardy assets.
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