Daily Note

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Daily Note 

August 27th, 2018


 

GLOBAL MACRO MONITOR 

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US Trade in Goods Balance Total Census Basis SA

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Merchant Wholesalers Inventories Total Monthly % Change

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Retail Inventories Seasonally Adjusted Month over Month change

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S&P CoreLogic Case-Shiller 20-City Composite City Home Price SA Index MOM%

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S&P CoreLogic Case-Shiller 20-City Composite City Home Price NSA Index YOY%

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S&P CoreLogic Case-Shiller 20-City Composite Home Price NSA Index

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S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index

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S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index YOY%

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Richmond Manufacturing Survey Current Manufacturing Composite SA

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Conference Board Consumer Confidence SA 1985=100

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Conference Board Consumer Confidence Present Situation SA 1985=100

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Conference Board Consumer Confidence Expectations SA 1985=100

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Watching both the Conference Board Consumer Confidence and Richmond Fed Manufacturing Surveys reach their 2 std level and 1.5 std, respecilvely.

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Euro Stoxx 50 still looks good and I remain long. – H.F.T 

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EEM Emerging Markets ETF back over the 50 day and is improving.  I remain long.-H.F.T 

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India Nifty Fifty Index on day 10 of 13 with upside Sequential Countdown. –H.F.T 

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Nikkei bullish sentiment is at 68%. –H.F.T 

Nikkei is on day 11 of 13 with Sequential Countdown and believe upside is limited here. –H.F.T 

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Nikkei Futures 

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FXI Hong Kong China ETF. 

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SPX bullish sentiment is at 73%. – H.F.T 

SPX daily should have the green Setup 9 tomorrow too. – H.F.T 

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S&P 100 same story. –H.F.T 

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SPY vs TLT ratio is nearing another top. –H.F.T 

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Nasdaq bullish sentiment is at 74%. –H.F.T 
NDX Index had upside exhaustion on Friday. –H.F.T 

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Nasdaq 100 Futures has the upside exhaustion today. –H.F.T 

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IWM Russell 2000 upside exhaustion was from Thursday. –H.F.T 

XLB Materials Select Sector SPDR 

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US Dollar bullish sentiment is at 66% and down from the 96% peak recently when I said that the USD would come back down. –H.F.T 

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Euro bullish sentiment is at 47% and is nearing 50% again. –H.F.T 

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British Pound bullish sentiment is at 30% and at the high end of the lower range. –H.F.T 

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Chinese Yuan gained last night.

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Gold bullish sentiment is at 38% and this is up from 6% just a couple weeks ago.  Now price needs to catch up to sentiment. –H.F.T 

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Gold 100 oz. Futures Dec’18 (Z) 

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CBOT Wheat Futures Dec’18 (Z) 

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CME Soybean Futures November ’18 (X) 

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CME Corn Futures December ’18 (Z) 

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CL1 (generic 1st ‘CL’ Future’ ) WTI 

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CO1 (generic 1st ‘CL’ Future’ ) Brent

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Bond bullish sentiment is at 76% and nearing recent highs. –H.F.T 

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US 10-Year Yield 

..hasn’t broken yet to the downside and believe this still is possible.

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US 2s10s Spread 

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US 5s30s Spread 

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Financial Select SPDR Fund 

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HYG iShares iBoxx High Yield Corporate Bond ETF 

LQD iShares iBoxx Investment Grade Corporate Bond ETF 

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CBOE SPX Volatility Index 

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CBOE SKEW INDEX 

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Merrill Lynch Option Volatility Estimate MOVE INDEX 

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WATCHLIST 

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-R.W.N II

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