Wednesday July 17 - Z marks the spot

SPI Futures traded in a small 26 point range last night, with a high of 6595, low of 6569, and a close this morning at the low, 6569, down 13 points, on still low volume of 7,600 contracts. SNP goes up, SPI goes down, SNP goes down, SPI goes down. Only one gap from last night, up at 6576, and the next one down from a previous day starts at 6558 and the next one up from a previous day starts at 6603 - she got to 6599 yesterday day session.

SNP snaps five-day winning streak, bank earnings not that exciting, better than expected economic data in the US, President Trump saying during a cabinet meeting that more tariffs could be imposed on Chinese imports, and Oil futures down more than 3 pct on Iran ready to talk rumours. DOW down .09 pct, SNP down .34 pct and Canada (resource driven) down .05 pct. VIX up 1.42 pct to 12.86. VIX bucked the inverse correlation yesterday, and SNP went down. Humm. No lift-off Monday or Tuesday. Wednesday will XJO buck the trend ? Can't see why, but she appears to be masking her intentions lately. Have a nice day.



Today in 1998, "The Mask of Zorro" directed by Martin Campbell, starring Antonio Banderas, Catherine Zeta-Jones and Anthony Hopkins was released. If that US interest rate cut doesn't happen, the sequal could be "The Mask of Sorrow".

	Column 1	Column 2
1	H	6595
2	L	6569
3	C	6569
4	R	26
5	R6	6604
6	R5	6597
7	R4	6594
8	R3	6591
9	R2	6588
10	R1	6584
11	PP	6578
12	S1	6571
13	S2	6568
14	S3	6565
15	S4	6562
16	S5	6558
17	S6	6552