SPI Futures traded in a small 26 point range Friday night, with a high of 6399, low of 6373 and a close on Saturday morning at 6378, down 24 points on volume of 13,310 contracts. SPI did well to hold up Friday night given the falls on overseas markets. DOW down 1.41 pct, SNP down 1.32 pct and Canada (resource driven) down less, at .32 pct. VIX up 8.15 pct. No unfilled gaps during the night (unusual), gap up at 6403 (close of the days session) 6411, 6412 (close of previous night session), 6430, 6461, 6471, 6472 and 6476. Gaps below at 6357 and 6353 to name a few. Have a nice day.
View attachment 1585168President Trump is now being called 'The Tariff Man' - China, the EU, Mexico and probably soon to be India as reported in the media today - "India will be removed from the preferential trade program, known as the Generalized System of Preferences, which gives developing countries easier access to the US market and lowers US duties on their exports. The White House also removed Turkey from the GSP program." Tariff Man appears not to be listening to his top economic advisers and Nobel laureates as to the impact of tariffs on the US consumer. He also doesn't seem to care about agreements (NAFTA). The Don knows better. Talk to the hand coz the ears aren't listening - way to go Don.
View attachment 1585159 | Column 1 | Column 2 |
|---|
| 1 | H | 6399 |
|---|
| 2 | L | 6373 |
|---|
| 3 | C | 6378 |
|---|
| 4 | R | 26 |
|---|
| 5 | R6 | 6409 |
|---|
| 6 | R5 | 6403 |
|---|
| 7 | R4 | 6399 |
|---|
| 8 | R3 | 6396 |
|---|
| 9 | R2 | 6393 |
|---|
| 10 | R1 | 6390 |
|---|
| 11 | PP | 6383 |
|---|
| 12 | S1 | 6377 |
|---|
| 13 | S2 | 6373 |
|---|
| 14 | S3 | 6370 |
|---|
| 15 | S4 | 6367 |
|---|
| 16 | S5 | 6364 |
|---|
| 17 | S6 | 6357 |
|---|
(20min delay)