S&P Levels of Interest for 20 November 2017

R3  2597.25     R2  2590.25     R1  2583.25
DP  2579.00
S1  2572.00     S2  2567.75     S3  2560.75

Todays Markets

Economic Calendar
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Trading Sentiment​​​​​​​
Below is the latest sentiment as compiled by etoro, the world's largest (social) trading network. It provides a view of what individual investors think about the specific instruments and gives a view of the current sentiment.
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Latest News Headlines
Bloomberg: Global Stocks Rout Deepens as Commodities Drop: Markets Wrap
A global equity sell off deepened in Asia amid signs of an oversupply in commodities and as concern grows that stocks have become too expensive, while there remains uncertainty about U.S. tax reform. Japan’s Topix index fell for a fifth day, its longest losing streak in more than a year. [more...]
Bloomberg: BNP Asset Turns Bullish on EM Equity as U.S. Stocks Look ‘Fragile’
BNP Paribas Asset Management adopted a strategy favoring stocks in developing nations over U.S. counterparts two weeks ago, arguing that valuation in the former are relatively cheaper. [more...]
Bloomberg: A Top Asia Fund Manager Says This Stock Selloff Is a Time to Buy
Alan Richardson, who oversees about $446 million for Samsung Asset Management Ltd. in Hong Kong, says the four-day decline in the region’s equity markets is nothing more than investors locking in profits before they close their books for the year. [more...]
Bloomberg: Airbus Is About to Strike One of the Biggest Deals in Aviation History
Airbus SE announced the biggest commercial-plane deal in its history, securing an order valued at nearly $50 billion for 430 planes from its single-aisle A320neo line and dramatically overshadowing the deals won by Boeing Co. [more...]
Bloomberg: Loonie Signals FX-Market Reversal as Link With Crude Is Revived
Canadian dollar bulls, on their back foot for much of the past two months, may be about to catch a break from the rebound in oil. [more...]
Reuters: Asian stocks skid as oil woes sap sentiment, euro stands tall
Asian stocks stumbled on Wednesday after weaker crude oil prices took a toll on Wall Street, while the euro kept big gains after enjoying a boost from robust German economic growth. [more...]
Reuters: Short-seller Chanos adds to Tesla bet, predicts CEO will leave
Noted short-seller Jim Chanos of Kynikos Associates continued to add to his short position in electric car maker Tesla Inc (TSLA.O) throughout the year even as the company’s shares rallied, he said at the Reuters Global Investment 2018 Outlook Summit on Tuesday. [more...]
CNBC: Trump wants to make India the core of his Asia strategy — but he needs to know a few things first
President Donald Trump's landmark Asia trip, which concluded on Tuesday, revealed his growing reliance on India as a strategic partner in the region. [more...]
CNBC: One of Asia's largest banks says bitcoin is 'a ponzi scheme'
One of Asia's largest banks is of the opinion that bitcoin is currently a financial scam. "We see bitcoin as a bit of a ponzi scheme," David Gledhill, group chief information officer and head of group technology and operations at DBS, told CNBC on Wednesday. [more...]
Currency Strength Indicators
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​​​​​​​The currency strength meter gives you a quick visual guide to which currencies are currently strong, and which ones are weak. The meter measures the strength of all forex cross pairs and applies calculations on them to determine the overall strength for each individual currency. For example, if EUR is strong and USD is weak, it could mean that the currency pair EURUSD could be going up. If both currencies are strong or weak it is better to avoid since it will probably means there is no clear direction for the specific pair. To get the latest Currency Strength Indicator please click here

Program Trading for 15 November 2017

 

  Sell Programs No Programs Buy Programs
Index Sell
Active (SA)
Sell
Threshold (ST)
Fair Value
(Premium) (FV)
Buy
Threshold (BT)
Buy
Active (BA)
S&P
500
(TM)
-3.18 -2.39 -1.33 -0.30 0.47
NASDAQ
100
(SM)
-4.30 -1.08 3.24 6.79 9.43
Dow Jones
Ind. Avg.
(SM)
-56.05 -48.73 -38.93 -31.22 -25.46

S&P Levels of Interest for 15 November 2017

R3  2600.25     R2  2592.83     R1  2585.42
DP  2574.83
S1  2567.42     S2  2556.83     S3  2549.42

Todays Markets

Economic Calendar
Image
Trading Sentiment​​​​​​​
Below is the latest sentiment as compiled by etoro, the world's largest (social) trading network. It provides a view of what individual investors think about the specific instruments and gives a view of the current sentiment.
Image
Latest News Headlines
Bloomberg: Major Stock Selloffs Just Aren't What They Used to Be
Volatility is back -- at least by this year’s standards. The 0.8 percent retreat in the S&P 500 Index just after noon in New York is what passes for a two-sigma drop in the benchmark gauge. [more...]
Bloomberg: Asia Stocks Extend Declines; Dollar Holds Loss: Markets Wrap
Asian stocks fell after a rally that saw them touch a record high during the week, as Japan equities extended losses following abrupt swings on Thursday. The dollar held declines on concerns that U.S. tax reform is encountering stumbling blocks. [more...]
Bloomberg: Peugeot Chief Says Brexit Adds Pressure on U.K. Vauxhall Plants
PSA Group is pushing the U.K. factories acquired in its deal for General Motors Co.’s European operations to make a leap in competitiveness to offset the potential risks posed by Brexit. [more...]
Bloomberg: Airbnb Guns for China to Become Leading Source of Travelers
Airbnb Inc. is opening more offices in China and expects the country to be its leading source of customers by 2020. [more...]
Bloomberg: Ex-Morgan Stanley Executive's Hedge Fund Jumps 49% on China Bets
A former Morgan Stanley executive’s hedge fund has soared 49 percent this year by sticking with well-timed bets on technology stocks and investing in some of China’s hottest private companies. [more...]
Bloomberg: What Analysts Say About Nikkei's Mid-Afternoon Drop: Roundup
In a little over an hour, what had been another solid rally in Japanese stocks turned into some rather sharp clear-air turbulence, with the Nikkei 225 Stock Average plunging about 3.6 percent from the afternoon-session high to its low for the day. [more...]
Reuters: Asian stocks slip as U.S. tax doubts snap global winning streak
Asian shares slipped on Friday on uncertainty about U.S. tax reforms after Senate Republicans unveiled a plan that differed from the House of Representatives’ version in several key areas, including a delay in the timing of a corporate tax cut. [more...]
Reuters: Oil markets stable as markets tighten, but analysts expect volatility ahead
Oil markets were little changed on Friday, supported by ongoing supply cuts and strong demand which have resulted in a tightening market, although the prospect of rising U.S. output capped prices. [more...]
Reuters: Dollar under pressure as investors fret over U.S. tax plans
The dollar licked its wounds on Friday, on track for weekly losses after it dropped on disappointment with a tax bill put forth by U.S. Senate Republicans that would delay expected corporate tax cuts. [more...]
CNBC: 'We can no longer tolerate these chronic trade abuses': Trump lashes out at China and others 
President Donald Trump pushed for freedom and economic openness in a Friday speech that portrayed Washington as a more respectful trade partner to Asian nations than China has been. [more...]
CNBC: Major Asian indexes fall following US tax plan unveil; Nikkei declines 0.9%
Asia markets came under pressure on Friday, following the weaker lead from Wall Street after Senate Republicans unveiled their tax reform plan on Thursday. [more...]
Currency Strength Indicators
Image
​​​​​​​The currency strength meter gives you a quick visual guide to which currencies are currently strong, and which ones are weak. The meter measures the strength of all forex cross pairs and applies calculations on them to determine the overall strength for each individual currency. For example, if EUR is strong and USD is weak, it could mean that the currency pair EURUSD could be going up. If both currencies are strong or weak it is better to avoid since it will probably means there is no clear direction for the specific pair. To get the latest Currency Strength Indicator please click here