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Russell2000

September 13 Market Update | Technical, Fundamental, NewsDescription: An analysis for the week ahead. Points of Interest: Dull Participation; Poor Structure On Both Sides; Strong Names Break Trend. Technical: Broad-market equity indices ended the week lower with the S&P 500 correcting to $3,300. Recapping last week’s action, on Tuesday, alongside Brexit news, on a second attempt, the S&P 500 broke through the $3,400 low-volume area, suggesting directional conviction changed. After spending much of the day trading neutral, the S&P extended lower, in-line with delta and away from value. On news of AstraZeneca plc's (NYSE: AZN) suspended COVID-19 trial, selling continued overnight into a base of liquidity in the $3,290 region before buyers regained control and one-time framed the market higher, to and through prior value and the low-volume area broken the day prior. On Thursday’s economic data, the S&P 500 liquidated after non-convicted buyers failed to take out the prior day's low-excess high. Selling intensified as the market ate into prior low-volume, before closing off on a weak low, in-line with the prior day's cash-session low. After tech shares led an overnight rally up to some low-volume areas from the prior day's session, machine-like selling appeared and pushed the market through the weak low’s, before buyer's regained strength to finish Friday off in-range. Overall, the recent mechanical activity to and from key technical levels denotes the non-presence of larger other time frame (OTF) participants and conviction. Heavily weighted index constituents are breaking trend while the broad market’s failure to extend much lower into the poor structure below it, coupled with reduced volatility pressures, suggests immediate downside may be limited. As a result, it’s time to temper expectations and look to reposition in line with emerging macro-economic and geopolitical themes. Scroll to bottom of document for non-profile charts. Fundamental: ARK Invest analyst Sam Korus suggested that the risks to auto loans, the securities supporting them, and underlying collateral may threaten the entire auto ecosystem. “The percent of auto loans delinquent by 90 days or more has been rising for almost four years and is approaching levels last seen during the Global Financial Crisis (GFC) in 2009, as shown below. During the GFC, most consumers and businesses prioritized the servicing of auto loans over their mortgages because, in the absence of ride-hailing, they relied on vehicles to keep their jobs and businesses going. Now working from home, they seem to be prioritizing mortgages and home equity (HE) loans over auto and credit card debt.” Korus also noted delinquencies may double while the underlying collateral will likely see a depression in residual value due to the mobility revolution. As a result, consumers, lenders, dealerships, and auto manufacturers may suffer financial damage as secular risks rebound in the tail-end of the COVID-19 recovery. Source: ARK Investment Management @ bit.ly Key Events: Tuesday: Industrial Production. Wednesday: MBA Mortgage Applications; Retail Sales; Business Inventories; NAHB Housing Market Index; EIA Stocks Change; FOMC Economic Projections; Fed Interest Rate Decision; Fed Press Conference; Foreign Bond Investment; Overall Net Capital Flows. Thursday: Building Permits; Jobless Claims; Housing Starts; Philadelphia Fed Manufacturing Index. Friday: Michigan Consumer Sentiment; CB Leading Index; Michigan Inflation Expectations. Recent News: White House eyes executive actions as virus-relief talks appear finished. wapo.st Weekly jobless claims flatten as the labor market shows signs of fatigue. reut.rs Bank of Canada head says too soon for exit from stimulus, will adjust QE. reut.rs Forecasters see a 69% chance of an accessible vaccine by March 2021. bit.ly New York office glut signals market downturn amid coronavirus recovery. reut.rs Used cars drive U.S. consumer prices higher; inflation pressures firming. reut.rs NYSE indicates that it will exit New Jersey if the state taxes stock trades. reut.rs Equity market turmoil seen unlikely to provoke Federal Reserve response. reut.rs U.S. proposes to waive minimum flight requirements for airlines until 2021. reut.rs Tesla Inc (NASDAQ: TSLA) launches fast electric car charging in Berlin. reut.rs Pandemic e-commerce surge spurs race for Tesla-like electric delivery vans. reut.rs Return of rush hour traffic in Europe and Asia adds to mixed outlook for oil. bloom.bg West Coast freight networks ‘bursting at the seams’ with surging imports. on.wsj.com Equity funds have seen net outflows every week for every month of 2020. bit.ly Purchasing managers’ indexes from ISM and IHS Markit show recovery. bit.ly Production problems spur FAA review of Boeing Co (NYSE: BA) 787. on.wsj.com Copper on the cusp of a historic supply squeeze as China ups demand. yhoo.it New set of digitally influenced norms and behaviors born among consumers. bit.ly Second wave of COVID-19 confronts Western Europe, following a sharp fall. bit.ly Small businesses exhausted federal funding and started to lay off workers. bit.ly Equity market volatility stemmed from risk of new, different tax frameworks. bit.ly August jobs stronger than anticipated but did not meaningfully change outlook. bit.ly European recovery is losing momentum as demand is soft, uncertainty remains. bit.ly Japan’s economy to mark sharp contraction as a second wave materializes. bit.ly Downtrend in credit quality slowed with upgrades outnumbering downgrades. bit.ly Simon Property, Brookfield Property to buy JCPenney Company Inc (OTC: JCPNQ). cnn.it Economic model reform hopes rise as China focuses on inward economic shifts. reut.rs Rise in remote, distributed workforces may drive new wave of venture deals. bit.ly World Agricultural Supply and Demand Estimates as of September 11, 2020. bit.ly The global energy transition is well under way and is accelerating rapidly. reut.rs Walmart Inc (NYSE: WMT) to test drone delivery of grocery household items. reut.rs U.S. airlines warn on travel recovery while awaiting fresh recovery aid. reut.rs U.S. utilities say Biden plan to cut C02 hinges on breakthroughs in clean tech. reut.rs Key Metrics: Sentiment: 23.7% Bullish, 27.8% Neutral, 48.5% Bearish as of 9/9/2020. bit.ly Gamma Exposure: (Trending Lower) 1,970,983,599 as of 9/11/2020. bit.ly Dark Pool Index: (Trending Lower) 42.1% as of 9/11/2020. bit.ly Product Snapshot: S&P 500 (ES): AMEX:SPY TVC:SPX Nasdaq 100 (NQ): NASDAQ:QQQ TVC:NDX Russell 2000 (RTY): AMEX:IWM TVC:RUT Gold (GC): AMEX:GLD Crude Oil (CL): AMEX:USO TSX:DBO AMEX:USL Treasury Bonds (ZB): NASDAQ:TLT Disclaimer: This is a page where I look to share knowledge and keep track of trades. If questions, concerns, or suggestions, feel free to comment. I think everyone can improve, especially me. In no way should this post be construed as investment advice.
CME_MINI:MES1!
by Physik
ridethepig | Small Caps Breaking DownA timely update to the Russell 2000 after running into sellers at the 1600 resistance which was previously support. Small caps have seen a huge uptick in selling interest and momentum is starting to kick in. Buyers giving up the diagonal support is opening up a world of trouble and asking for sellers to apply more pressure. The V shapers and naysayers that its not different this time will continue with the necessary text, the question is whether real money decides to step in and stop the bleeding. After losing support the next key level in play is 1350, and a deeper extension towards 1,175. Thanks as usual for keeping the feedback coming 👍or 👎
OANDA:US2000USDShort
by ridethepig
2
RTY - Possible Downward Channel Forming 9/12/2020RTY at the daily view. It seems that the RTY is stuck between an upward channel and a downward channel. Since liquidity levels are dropping pretty fast, that downward channel is starting to become more legitimate. If so, there is a gap at 1419 that has yet to be filled. Algorithms and the selloff can head over there pretty fast. Since liquidity is back going downwards, it seems RTY is going to back as my favorite short target again. Unlike the NQ, RTY is a little more predictable in its bigger levels. That's what I like about this index.
CME_MINI:RTY1!
by Itsallsotiresome
$RUT Small CapsQuick look at the small caps - RUT hasn't been as enthusiastic as the SPX and the Nasdaq. We see that, while it's had its own run since the March bounce, this upward trend line has been broken below in the past few sessions. Next major support is 1450 area. As i've mentioned in my previous post, look to small caps and financials to act as a drag to any bull rallies in the SPX and tech. For the time being, technical indicators doesn't seem to support a bounce or a rally in small caps.
TVC:RUTShort
by grenadetrade
RIDE THE RUSSELL!! Our Favorite This Year!Hello Traders, IWM (Russell2000) has been one of our FAVORITE trades this year. We've participate on every major rally we saw. Those nice 6-10% overnight hold trades. We're waiting for the Russell and the Dow to join other indexes towards the ATH breakout levels. Let's go straight to the chart. 2 important levels: 1. $153-154 major breakout support 2. $148-$150 previous breakout support These 2 levels put us in a nice buying support range. Although we don't see it on this chart the Russell2000 (CFD) is currently up 1.2% (9/7/20 12:20 PM EST). A daily candle close above the $1541 level would put us right back on the bullish zone. Watch for a potential gap up on the Russell going into Tuesday trading session. RIDE THE RUSSELL! *NOT A FINANCIAL ADVICE, THIS IS JUST OUR PERSPECTIVE AND WE DO NOT RECOMMEND ANY TRADES WE PUBLISH ON OUR CHANNEL. YOU WILL LOSE MONEY.
AMEX:IWMLong
by KoreanStreetBets
Demand was spotted in S&P 500 plus how to trade up thrustCheck out the video for a complete walk through of the daily market analysis of S&P 500 futures (ES) for 7 Sep 2020 trading session. In this video, I am going to show you the market recap during the last session and potential trade reviews in the three-minutes timeframe (including entry, exit and the rationale behind). Also, I will talk about the four major indices e.g. NASDAQ, Dow Jones, RUSSELL 2000 and the S&P 500. Going forward, I will cover the bias, the key levels to pay attention to, my trading plan for the session later. Check out my daily market analysis video in the last session if you haven't in order to better relate to the market recap and the trade review. Bias - neutral (Day trading); bullish (long term) Key levels - Resistance: 3487–3560; Support: 3400, 3340 Potential setup - Look to long near 3400 or 3340 upon reversal. Disclaimer: The information in this presentation is solely for educational purpose and should not be taken as investment advice.
CME_MINI:ES1!
by mingjong
S&P 500 review - potential false breakout trade in trading rangeCheck out the video for a complete walk through of the daily market analysis of S&P 500 futures (ES) for 25 Aug 2020 trading session. In this video, I am going to show you the market recap during the last session and potential trade reviews in the three-minutes timeframe (including entry, exit and the rationale behind). Those two potential trades from the trading range were based on false breakout (or spring setup). Going forward, I will cover the bias, the key levels to pay attention to, my trading plan for the session later. Check out my daily market analysis video in the last session below if you haven't in order to better relate to the market recap and the trade review. Bias - neutral (Day trading); bullish (long term) Key levels - Resistance: 3480-3500 ; Support: 3420–3430, 3385–3400, 3377, 3350, 3320–3330, 3300, 3273, 3230 Potential setup - Look for potential long entry upon rebound from 3420–3430. Disclaimer: The information in this presentation is solely for educational purpose and should not be taken as investment advice.
CME_MINI:ES1!
by mingjong
4
August 22 Market Update | Technical, Fundamental, NewsDescription: An analysis for the week ahead. Points of Interest: Minimal Excess; Non-Separation Of Value; Untested POCs; Gaps Technical: Broad-market equity indices ended the week mixed with the S&P 500 recovering its all-time high on relative strength from the technology sector. Recapping last week’s action, Monday’s higher open on earnings and stimulus talks was followed by a balanced, low-volume session which migrated value to the top of prior balance. The market caught up to Monday’s delta, edging higher overnight on better than expected retail earnings, before liquidating, making a V-shape recovery, and resolving some resting liquidity at and above the $3,390 area. On Wednesday, after the Federal Reserve signaled signs of a difficult recovery, the market left value behind on a spike which repaired some weak structure in the $3,350 region. Responsive buyers quashed Wednesday’s weak-handed initiative activity, driving prices higher into Friday’s monthly options expiration, albeit with minimal participation from the broader market. Overall, the week ended in balance, again. In light of dull participation and poor structure on both sides of the market, attention has to be shifted to other stimuli, such as the cessation of trend in heavily weighted index constituents and decreased dealer hedging flows, among other things. If momentum was to grow faint, there’s the potential for a fast-moving correction of the poor structure left behind by the recent anxiety-driven activity. Still, the path of least resistance is up. Scroll to bottom of document for non-profile charts. Key Events: GDP Estimate; Initial Claims; Consumer Spending; Core PCE Price Index; University Of Michigan Sentiment; Conference Board Consumer Confidence Index; New Home Sales; Jackson Hole. Fundamental: Trading improves as China leads upswing; virus resurgence may delay negotiations. bit.ly Urban markets will recover after pandemic as Americans’ housing decisions evolve. bit.ly The ECB has signaled September to be a key month to read the economic recovery. bloom.bg China: Virus under control, V-shape recovery and strong demand, politics to worsen. bit.ly Majority of fund managers pulled out of LQD even after the Fed announced support. bloom.bg AMEX:LQD COVID-19 coronavirus drop in fuel demand to weaken credit metrics through 2022. bit.ly Fearing shipping crunch, retailers have initiated the earliest-ever holiday sales plans. reut.rs AMEX:XLY Despite recovery, economists suggest an unemployment tsunami maybe coming. bit.ly The peak leisure travel season is ending, and so might airlines’ modest recovery. bit.ly AMEX:JETS American Airlines Group (NYSE: AAL) attracts shorts on suspension of flights. bit.ly Wells Fargo & Co (NYSE: WFC) resumed job cuts, in-line with cost-cutting plans. reut.rs Deere & Co (NYSE: DE) shares hit ATH after company lifted its full-year forecast. reut.rs 3 new U.S. stock exchanges are set to launch by the end of this September. reut.rs Facebook Inc (NASDAQ: FB) weighs the kill switch for political ads after elections. reut.rs Canada June retail sales rose by a record 23.7%, rising above pre-pandemic levels. reut.rs Investor concern over Democratic win and tax increases valid, but overdone. mgstn.ly Eurozone money supply surge will not spark inflation in the near term. bit.ly U.S. dollar loses value and influence as debt rises, tax consequences uncertain. bit.ly TVC:DXY Stimulus has largely been offset by a decrease in the volume of transactions. bit.ly As homebuilder confidence matches record high, mortgage delinquencies rise. refini.tv Rising value of gold is evidence that the U.S. could be debasing its currency. bit.ly Detailed analysis on global venture funding during the coronavirus pandemic. bit.ly Asset managers at major U.S. investment firms encourage stock buying. bit.ly Workers win on Uber Technologies Inc (NYSE: UBER), Lyft Inc (NASDAQ: LYFT). reut.rs Johnson & Johnson (NYSE: JNJ) to test coronavirus vaccine in 60,000 volunteers. reut.rs Delay in fiscal support is negative for the US economy and consumer facing sectors. bit.ly Target Corporation (NYSE: TGT) hit sales record on the online shopping surge. reut.rs Market rally has more to do with asset inflation, which is fueled by liquidity support. bit.ly Corporations will assume the burden of safety, rising costs and lowering capacity. bit.ly People ready to start their household growing again, builders are playing catch up. bloom.bg General Motors Company (NYSE: GM) bets on electric Cadillacs, micro vans. reut.rs Southwest Airlines Co (NYSE: LUV) expects slower cash burn as bookings improve. reut.rs Fed policymakers see more easing ahead to help brace economy, sustain recovery. reut.rs OPEC+ pressed oil nations pumping above targets to cut more in August-September. reut.rs Lowe’s Companies Inc (NYSE: LOW) beats sales expectations on spending surge. reut.rs NY Fed’s index of real-time economic data showed a significant rise in its first revision. bit.ly Inflation is happening in the basket of goods that excludes food, fuel and housing. bloom.bg Analysis confirms the picture of rising income inequality and slowing income growth. brook.gs Sentiment: 30.4% Bullish, 27.2% Neutral, 42.4% Bearish as of 8/19/2020. bit.ly Gamma Exposure: (Trending Lower) 3,109,556,133 as of 8/21/2020. bit.ly Dark Pool Index: (Trending Lower) 42% as of 8/21/2020. bit.ly Product Snapshot: S&P 500 (ES): AMEX:SPY SPCFD:SPX Nasdaq 100 (NQ): NASDAQ:QQQ TVC:NDX Russell 2000 (RTY): AMEX:IWM TVC:RUT Gold (GC): AMEX:GLD AMEX:GDX TVC:GOLD Crude Oil (CL): AMEX:USO AMEX:DBO AMEX:USO TVC:USOIL Treasury Bonds (ZB): NASDAQ:TLT Disclaimer: This is a page where I look to share knowledge and keep track of trades. If questions, concerns, or suggestions, feel free to comment. I think everyone can improve, especially me. In no way should this post be construed as investment advice.
CME_MINI:ES1!
by Physik
RTY's Bull Flag Pt 2 8/18/2020RTY at the daily view. The Russell is still bull flagging. It's quite obvious by now. The downward movement is sometimes called "correction by time." A correction by time is not actually bearish. It means the Russell is consolidating for another move up. Unless the bears take the RTY down to the bottom of that flag pole, it's still bullish. The bears had a chance all this time to take it down. They didn't... yet. Liquidity levels are high enough to go scuba diving in. The chances of bears taking this below the flag pole? You might as well take a shot at the lottery. The most likely course of action is that a further pullback will just gather more buyers below - like me. If not, then the bull flag may bring the Russell even higher.
CME_MINI:RTY1!
by Itsallsotiresome
Elliott Wave View: Support Area for Russell 2000 (RTY)Elliott Wave View of Russell 2000 (RTY) suggests the rally from July 31,2020 low has ended at 1605.70 high as wave 3. Up from July 30 low, wave ((i)) ended at 1482.60 high and wave ((ii)) dips ended at 1467.80 low. Index then extended higher in wave ((iii)) towards 1552.60 high. The internal subdivision of wave ((iii)) unfolded as 5 waves impulse Elliott Wave Structure. Wave (i) of ((iii)) ended at 1510.60 high and wave (ii) pullback ended at 1493.70 low. Rally higher in wave (iii) then ended at 1551.60 high, followed by wave (iv) pullback, which ended at 1543.40 low. Wave (v) then extended higher and ended at 1552.60 high. Afterwards, the Index did a pullback in wave ((iv)), which ended at 1534.20 low. Finally, wave ((v)) higher ended at 1605.70 high. This final move completed wave 3 in higher degree and ended cycle from July 31 low. Index is currently correcting that cycle within wave 4. The correction is unfolding as a double three correction, where wave ((w)) has ended at 1560.90 low. The bounce in wave ((x)) ended at 1589.60 high. Wave ((y)) remains in progress right now. As long as 1451.10 low stays intact, expect the dips in 3,7 or 11 swings to find support for more upside. The 100-161.8% extension of wave ((w))-((x)) where ((y)) can end is at 1516.76-1544.71 area and is shown with a blue box. That area if reached later can produce 3 waves bounce at least.
CME_MINI:RTY1!
by Elliottwave-Forecast
Russel's Bull Flag 8/15/2020RTY at the daily. The title speaks for itself. The Russel is bull flagging at this point. Although, another pullback is projected around August 17-19. In the bigger picture, that pullback is merely a consolidation for the RTY. Liquidity is still very high. What would be the unexpected move? A pullback to lure the bears. A bounce and break a new high to lure the bulls. Then finally a correction. Institutions' distribution of the NQ should be ending near the end of the summer... which is soon. The Russel made some awesome gains of over 200 points in the last month. However, the phase of uncertainty among all major indices should begin soon.
CME_MINI:RTY1!
by Itsallsotiresome
ridethepig | A -50% correction for LYV in play📍 The best move, since the highs are defended from the earlier developments is not really to get into the heart of the issue. Rather we need to discuss the configuration and how to build the trade around the freefall. LYV (Live Nation Entertainment, Inc.) is particularly exposed to pockets of further lockdowns which we are already starting to see in some states. As will sadly become clear approaching elections is in a certain sense the vaccine promotion will become more about substance rather than headlines. And now, I ask you; why does this matter for sellers? The headlines driving businesses exposed to social distancing restrictions are coming to the end of the dead-cat-bounce. It is unlikely we see moderations of social distancing until early-mid 2021 and depending on the severity of the second wave, 2022 expectations can be hit badly meaning instead of finding a strong bid at the lows we can enter into an inertia free fall until we clear the virus completely. Thanks as usual for keeping the feedback coming 👍 or 👎
NYSE:LYVShort
by ridethepig
3
RUSSELL 2000 Rally (Pequeñas Empresas) (Small Companies Index) Russell se acerca a un nuevo territorio que podría borrar los viejos números arrojados por COVID. Es técnico hablar de 1700 puntos como la resistencia más dura, pero es la meta en el corto plazo para así nivelar la psicología sobre la recuperación económica. ------------------------------ Russell is aproaching a new territory which could erase old COVIDS results, it is technical that 1700 points is the hardest top, but that is the goal in a short term.
TVC:RUT
by danchallout
RUT- The final golden cross for the major indexsAccording to Finviz, more than 75% of stocks are above SMA50 and close to 60% of stocks are above SMA 200. Furthermore, SPX has stayed above 3200 for a month. Historically, DJI is usually the first index to recover after the market crash because investors want to put their money in safe mega cap and blue chip stocks during the bottom-out process and time of uncertainty. However, Covid-19 is producing the favorable environment for e-commerce company and internet/IT services company that power e-commerce to thrive, leading to the NDX's wild surge and SPX & DJI's unusual lag. Russel 2000, the small cap index, is usually the last one to join the rally because it is usually deemed as a risky investment by investors, especially during the time of uncertainty. Therefore, when investors flock to RUT (Russel 2000), it could signal and reaffirm the bullish sentiment among investors, drawing the last of doubters and FOMOers into the market. That time could be now.
TVC:RUTLong
by Libratus
August 9 Market UpdateDescription: An analysis for the week ahead. Please note, for some reason, TradingView decided not to allow me the ability to use links, as usual. As a result, I will use the comments section of this post to add further detail. I've submitted a support ticket. Hopefully everything goes back to normal! Points of Interest: All Time High; Divergence Between Value And Price; Gaps. Technical: Broad-market equity indices resolved a prior balance area to the upside, evidenced by a successful breakout and migration of value. Recapping last week’s action, on Monday, as M&A activity lifted sentiment and efforts to hammer out a coronavirus relief bill resumed, the S&P 500 moved out of a multi-week balance area, finishing further into the low-volume area left from the late February sell-off. Overnight, prices caught up to Monday’s divergent delta after disappointing earnings reports from Europe and a sharp rebuke from China. Tuesday’s U.S. session managed to get past the uninspiring news, closing higher and validating the breakout from balance. Indices continued their trek higher Wednesday, closing and establishing value above prior balance on upbeat economic data and positive earnings. Pre-U.S. open, on Thursday, the S&P filled a prior gap, finding liquidity at the $3,300 strike before climbing higher, on poor structure and ahead of value, as investors reacted to upbeat jobless claims data. Friday’s U.S. session further digested data on jobs, spending most of the cash session accepting value in the higher end of Thursday’s trading range, before squeezing into the close. In light of mostly unchanged fundamental conditions, equity indices are positioned for further upside. Overall, the market appears to be migrating value higher, confirming the bullish trend. News regarding improving fundamentals and stimulus is likely to buoy the S&P in subsequent sessions. The potential exists, however, for a fast-moving correction of the poor structure left behind by the emotional, momentum-driven participants. Scroll to bottom of document for non-profile charts. Key Events: Earnings; JOLTS; NFIB Small Business Survey; Producer Prices; CPI; NAR Metro Prices; Import and Export Prices; Productivity; Industrial Production; University of Michigan Sentiment. Fundamental: Best Buy Co Inc (NYSE: BBY) announced its sales increased from last year. Software-as-a-Service and its potential impact on future business models. Fitch revises U.S. outlook, cites absence of a fiscal consolidation plan. Trump signed an order banning U.S. business with TikTok and WeChat. After a 2013 tax hike, the S&P posted its best annual gain in 16 years. Pfizer Inc (NYSE: PFE) to make Gilead Sciences Inc (NASDAQ: GILD) treatment. Eastman Kodak Company (NYSE: KODK) to play a key role in generic drug making. Delta Air Lines Inc (NYSE: DAL) wants 3,000 workers to take unpaid leave. Canada adds more jobs than expected in July; most were part-time positions. Trump signed an executive order restoring enhanced economic relief. Canada to impose retaliatory tariffs on U.S. goods, hopes for resolution. U.S. Postal Service chief warns of dire finances, adopts a hiring freeze. Giving credit where credit is due: Tom Sosnoff on the Robinhood story. The U.S. earnings recovery may be faster than in previous crises. More businesses will tap the Fed’s loan program if the economy worsens. Federal Reserve, central banks are heading for a collision with shadow lenders. Understanding the disconnect between consumers and the stock market. Household debt, credit delinquencies dropped during Q2 recession. The U.S. shows signs of coronavirus peak, but difficult days lie ahead. Crude supplies are expected to remain ample for the foreseeable future. Auto sales turn a corner, carmakers post better than expected earnings. The U.S. and China have agreed to hold high-level trade talks on August 15. Apple Inc’s (NASDAQ: AAPL) strong operating results reflect diversity, resilience. A 10% balance sheet expansion grows market returns by 7.4%, over 5-8 weeks. Europe’s global investment banks reduced operating leverage in Q2. Russia expands subsidized mortgage programs, supporting banks’ earnings. LSE’s sale of MTS and Borsa Italiana stakes credit positive if proceeds reduce debt. Mexican insurers’ strong earnings enhance capacity to withstand economic contraction. The California Supreme Court upholds certain pension changes, maintains protections. U.S. will pay $1B for 100M doses of Johnson & Johnson’s (NYSE: JNJ) vaccine. Canada signs deal with Pfizer Inc (NYSE: PFE), Moderna Inc (NASDAQ: MRNA). Record stimulus, liquidity surge to offset losses, open up the possibility of further upside. Hilton Hotels Corporation (NYSE: HLT) sees demand rebounding to pre-virus levels. Bombardier Inc (OTC: BDRBF) sees higher deliveries of jet, misses quarterly profit. Governor Lael Brainard laid out the Federal Reserve’s instant payment framework. Negative real yields presage a weaker dollar, as well as higher gold prices. The job market recovery appears to be slowing as the services sector powers ahead. Berkshire Hathaway Inc (NYSE: BRK.A) bought Bank of America Corp (NYSE: BAC) stock. Facebook Inc (NASDAQ: FB) launches a TikTok-like product inside of Instagram. CVS Health Corp (NYSE: CVS) in talks with the government over vaccines. Moderna Inc (NASDAQ: MRNA) prices vaccines at $32-$37 per dose. Boeing Co (NYSE: BA) does not see immediate need to raise cash with debt. Investors worried about the dollar’s status as the world’s reserve currency. Manufacturing activity jumped to its highest level in nearly a year and a half. Bank of America Corp (NYSE: BAC) raised its gold target to $3,000/oz. Construction spending falls for the fourth straight month, but is still up from 2019. Twitter Inc (NYSE: TWTR) may pay hundreds of millions in fines over a privacy issue. BP plc (NYSE: BP) halves dividend after record loss, speeds up reinvention. Inflation in emerging markets is rising out of central bankers’ target ranges. Top CEOs urge Washington to get small businesses money as soon as possible. Economists at major investment banks worry about negative jobs growth. Fed policymakers call for fiscal support to save the U.S. economy. Canadian factory activity resumes expansion in July as the economy reopens. New orders for U.S.-made goods increased more than expected in June. New Ford Motor Company (NYSE: F) CEO eyes expansion into technology. Air safety regulator gives no firm date for Boeing Co (NYSE: BA) 737 MAX to fly. Advanced Micro Devices Inc’s (NASDAQ: AMD) Q2 and outlook are credit positive. Deutsche Bank AG (NYSE: DB) Q2 strengths in core business offset virus disruption. Credit Suisse Group AG (NYSE: CS) Q2 capital markets businesses offset disruption. Microsoft Corporation (NASDAQ: MSFT) to continue TikTok acquisition discussion. Marathon Petroleum Corp (NYSE: MPC) agreed to sell gas stations to 7-Eleven.. Chipotle Mexican Grill Inc (NYSE: CMG), fast food brands set for new hiring wave. Alphabet Inc Class A (NASDAQ: GOOGL) unveils 5G phones, cuts Pixel price. Alphabet Inc Class A (NASDAQ: GOOGL) to buy a stake in ADT home security. Sentiment: 23.3% Bullish, 29.1% Neutral, 47.6% Bearish as of 8/5/2020. Gamma Exposure: (Trending Lower) 2,835,553,302 as of 8/7/2020. Dark Pool Index: (Trending Higher) 43.4% as of 8/7/2020. Product Snapshot: See Comment Section. Disclaimer: This is a page where I look to share knowledge and keep track of trades. If questions, concerns, or suggestions, feel free to comment. I think everyone can improve, especially me. In no way should this post be construed as investment advice.
CME_MINI:ES1!
by Physik