sp'daily5
sp'weekly6
Summary
*with a bearish outlook from mid Aug-early Oct', I will be highlighting weekly'6 across the next few months.
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Awaiting key retail sales data at 8.30am
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notable strength
Micron (MU), +12%... after a China takeover bid.
JPM +0.7%, after better than expected Q2 earnings.. although the financials are still struggling to increase revenue. They need higher int' rates!
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Update from Mr C.
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Overnight China action: volatility continues to cool... with a day of relatively minor chop, briefly breaking the 4K threshold, but settling -1.2% @ 3924. Upside target remains 4300/500.. before another wave down to around 3200/000.
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Have a good Tuesday
8.31am. Retail sales -0.3%.... vs previous 1.2%... its a pretty lousy number.
9.00am... Equity futures cooling a little.. sp -2pts... 2097.... risk remains 2085/80.... but even that looks difficult.
USD weakening... -0.5% in the DXY 96.30s.