Info!! Eve Briefing For August 24Th

* MARKET THEMES FROM MONDAY: We traded higher inwards morning time trading, making fresh bull highs, earlier selling retraced the morning time attain as well as therefore some. This sets us upward amongst a attain merchandise betwixt Monday's highs as well as lows. Should nosotros interruption below those lows, nosotros therefore await to Friday's pin grade every bit a downside target. Holding inwards a higher house Monday's lows would target Monday's pivot. During the stock market's retreat, nosotros saw the U.S.A. dollar autumn versus the euro; gilded as well as stone oil weaken; as well as 10-year Treasury rates autumn dorsum below 3.5%. In short, nosotros saw turn a profit taking amid the opportunity assets as well as buying of relatively rubber assets.

* OVERSEAS/OVERNIGHT NUMBERS: 1:00 AM CT - Germany, GDP; 6:50 PM CT - Japan, merchandise merchandise balance.

* EARNINGS FOR TUESDAY: BGP, BIG, BKC, CHS, MDT, SPLS.

* WORTH READING:

-- Insightful interview amongst Charles Kirk;

-- Recap of where nosotros stand inwards the major stock indexes;

-- The challenges cardinal banks face inwards unwinding monetary ease;

-- Excellent review of economical gauges;

-- Global economic review.
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Info!! Midday Briefing For August 24Th: Slipping Into The Range

go hither to meet all of the average trading book norms).

8:30 AM CT - 256,400 (232,738)
9:00 AM CT - 163,091 (206,277)
9:30 AM CT - 77,110 (133,732)
10:00 AM CT - 75,681 (105,369)
10:30 AM CT - 62,252 (95,450)

Note how nosotros nigh off merchandise during the morning time hours, turning what looked similar could endure a trending 24-hour interval into a hit one. If higher prices aren't attracting the participation of large marketplace participants, there's a expert likelihood that nosotros won't sustain that strength.
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Info!! Morning Time Briefing For August 24Th

As the AM tweet noted, Fri was a rigid session inwards U.S.A. stocks, amongst company momentum together with strength. We traded nicely higher early on inwards the overnight session together with currently attain got consolidated in that location inwards the ES futures (chart above), belongings inwards a higher house Friday's highs. We're currently trading at the R1 level; belongings inwards a higher house the recent lows of 1026.50 on early on selling would target the overnight highs together with R2. Meanwhile, the U.S.A. dollar has lately weakened vs. the euro together with we're seeing higher 10-year Treasury rates (now inwards a higher house 3.6%). Oil has likewise bounced higher. In all, the conduct chances themes are pointing inwards a continued bullish fashion; every bit long every bit we're accepting value at higher cost levels, y'all attain got to honour the marketplace strength. I'll hold out watching NYSE TICK closely to meet if the recent rigid buying view continues into today's twenty-four hr catamenia session together with volition postal service via Twitter (free subscription; follow here).
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