sp'60min
Summary
*Chicago PMI data (9.45am)... econ-bulls should be looking for at least 53/55.
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A little overnight chop in futures land... with the smaller 15/60min equity cycles offering upside across today. A daily close in the 2100s is very viable.
Last weeks low of 2070 looks pretty secure... as the market now looks toward the ECB and the Friday jobs data.
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Update from Oscar
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Doom chatter from Hunter, with Martenson
Like many of the doomers, I think Mr M' has almost completely lost his mind in the last few years. Its the same spiel in almost every single interview, I suppose some will tout that 'he'll eventually be right'. For the moment though... its largely hysteria talk.
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Overnight Asia action
Japan: -0.7% @ 19747... unable to close >20K
China: an early afternoon low, -3.3% @ 3327, but seeing some 'magical' late day recovery, settling +0.3% @ 3345. For the month, the Shanghai comp' was +2.0%... sitting on old support.
Frankly, China bulls should be very relieved at how the day/month closed.
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Have a good Monday