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Diver Dan

1,889 Posts.

1023

01/08/18

07:21

Post #: 34660072
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Originally posted by Diver Dan ↑

US Market Update

US indices staged a bounce today. SPX (+0.49%), IXIC (+0.55%), Dow (+0.43%) and RUT (+1.07%).

SPX 2615 (R1) held today and support near the weekly point of control 2805/2807 increased a bit since yesterday. The support profile has changed somewhat overnight. Despite VIX pulling back 10% intraday, interest is skewed more toward the protection side now with heavier near-term support at 2795. SPX 30 minute view.

US and China said to want to try talks again in order to avoid a full on trade war. Tbh, it feels a little ridiculous to recount such reports as they are so transparently tactics `a la Manhattan real estate hustling 101. The world is starting to view it as business as usual. How utterly embarrassing.

FAANG stayed afloat in a session led by industrials (+2.12%) and real estate (+1.89%). Finanicials (-0.69%) finished lower. BOJ did basically nothing at their policy meeting and treasury yields are down slightly today on the long end while the short end remains unchanged. June PCE data did not surprise.

SPX Futures Now

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Apologies, SPX 2815 (R1)

FAANG after hours update

Last edited by Diver Dan: 01/08/18

XAO Value at posting: 6,366.2
3 Upvote

0 Great analysis

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