Daily Note: Knights of Labor

 

Mussel+Shells+with+Lemon.jpg
TERRY TRAMBAUER NORRIS 
‘MUSSEL SHELLS WITH LEMON’, 12 X 14, OIL ON LINEN ON PANEL

Overnight News 

IDR.jpg

*ECB’S NOWOTNY SIGNALS ITALIAN WOES SHOULDN’T DELAY RATE HIKES

*CHINA, JAPAN ARE BOTH CONFIDENT ON ECONOMIC OUTLOOK: LIU KUN

*CHINA, JAPAN TO BOOST COOPERATION ON STRUCTURAL REFORMS: LIU

*TURKEY CUTS TAX ON LIRA DEPOSITS, HIKES TAX ON FX DEPOSITS: NTV

*CHINA SETS YUAN REFERENCE RATE AT 6.8246 AGAINST U.S. DOLLAR

*CHINA AUG. MANUFACTURING PMI AT 51.3; EST. 51.0

*CHINA AUG. MANUFACTURING PMI AT 51.3; EST. 51.0

*TRUMP: IF NO DEAL W/CANADA U.S. WILL PUT TARIFFS ON THEIR AUTOS

*TRUMP SAYS NAFTA DEAL WITH CANADA `COULD HAPPEN’

*TRUMP REITERATES THAT CANADA MUST GET RID OF TRADE BARRIERS

*JAPAN JULY INDUSTRIAL OUTPUT -0.1% M/M; EST. 0.2%

*JAPAN JULY JOBLESS RATE 2.5%; EST 2.4%

*ARGENTINA’S DUJOVNE SAYS ECONOMY HAS STRONG FUNDAMENTALS

*ARGENTINA’S DUJOVNE SEES IMF TALKS ADVANCING QUICKLY

*N.Z. AUG. CONSUMER CONFIDENCE FELL 0.7% M/M, ANZ SAYS

*N.Z. AUG. CONSUMER CONFIDENCE INDEX FALLS TO 117.6 VS 118.4

*JAPAN’S NODA SAYS WON’T RUN IN LDP LEADERSHIP CONTEST: KYODO

*GERMAN JULY RETAIL SALES RISE 0.8 % Y/Y

*NORWAY JULY CREDIT RISES 5.7% FROM THE YEAR EARLIER

Bund Opening Calls: Futures Seen Opening Steady Around 162.99

*ITALY PREMIER CONTE WON’T SEEK SECOND MANDATE: CORRIERE

*ITALY MUST RESPECT COMMITMENTS IN BUDGET LAW: MOSCOVICI TO SOLE


GLOBAL MACRO MONITOR 

Related image


Image result for us civil war flag

United States Chicago PMI was reported at 63.6 in Aug from 65.5 in the previous period. It was expected at 63.
United States Michigan Consumer Expectations Final was reported at 87.1 in Aug from 87.3 in the previous period. It was expected at 87.5
United States Michigan Current Conditions Final was reported at 110.3 in Aug from 114.4 in the previous period. It was expected at 108.1

United States Michigan Inflation Expectations Final was reported at 3.0% in Aug from 2.9% in the previous period. It was expected at 2.9%.

United States Michigan 5 Year Inflation Expectations Final was reported at 2.6% in Aug from 2.4% in the previous period. It was expected at 2.5%

United States Consumer Confidence was reported at 96.2 Index Points in Aug 2018 from 97.9 in the previous period.

Image result for baker hughes ge
US Total Rig Count 1,048 
Baker Hughes US Oil Rig Count 862 
Baker Hughes US Gas Rig Count 184 


Screen Shot 2018-08-05 at 4.29.35 PM

 

 

 

Screen Shot 2018-08-05 at 5.14.40 PM

Bloomberg World Index reversal after the green Setup 9 as expected.

(Source: H.F.T )

EEM Emerging Markets ETF isn’t down that much and I’m holding the small long for now.

(Source: H.F.T )

Nikkei bullish sentiment is at 70%.

Nikkei should reverse lower.

(Source: H.F.T )

FXI still sideways. (iShares China Large-Cap ETF)

(Source: H.F.T )

SPX bullish sentiment is at 75%.

(Source: H.F.T )

Nasdaq bullish sentiment is at 77%.

NDX Index with green Setup 9 today

(Source: H.F.T )

Dow Jones Industrial Average price flip down today with green 1.

(Source: H.F.T )

   IWM Russell 2000 stalling here.

(Source: H.F.T )

Euro Stoxx 50 just fell apart.  I removed the small FEZ long with a small gain.  If the US starts to weaken, Europe will fall too.

(Source: H.F.T )

Euro Banks making a new low.  The second chart is the weekly and on week 9 of 13.  Going lower.

(Source: H.F.T )

German DAX another lower high.

(Source: H.F.T )


Screen Shot 2018-08-05 at 4.29.43 PM

 

 

 

Screen Shot 2018-08-05 at 5.14.40 PM

 

 

Screenshot 2018-08-31 14.55.52

US Dollar bullish sentiment is at 53% and holding the midpoint 50% level

(Source: H.F.T )

Euro bullish sentiment is at 48%.

(Source: H.F.T )

Yuan still is weak and didn’t bounce much

(Source: H.F.T )

Screen Shot 2018-08-05 at 4.29.51 PM

 

 

 

Screen Shot 2018-08-06 at 3.05.53 PM

Screen Shot 2018-08-05 at 5.14.40 PM

 

 

Screenshot 2018-08-31 14.56.04

 

Gold bullish sentiment is at 26%.
“12 Bid at 17”.

(Source: H.F.T )

Screen Shot 2018-08-06 at 3.05.39 PM

 

 

Screen Shot 2018-08-05 at 5.14.40 PM

 

 

Screenshot-2018-08-31-14.56.11.png

Wheat December Contract 

Soybeans November Contract 

Corn December Contract 


Screen Shot 2018-08-06 at 3.05.46 PM

Screen Shot 2018-08-05 at 5.14.40 PM

 

 

Screenshot 2018-08-31 14.55.58

Crude bullish sentiment is at 90% and this is very extreme and as sell off is due.

Looking for crude to sell of from here with a green sell Setup 9 count.


Screen Shot 2018-08-05 at 4.29.47 PM

Screen Shot 2018-08-05 at 5.14.40 PM

 

 

Screenshot 2018-08-31 14.55.39

Bond bullish sentiment is at 73%. 

US 30Y Yield 

(Source: H.F.T )

US 10 Year YIeld on day 4 of 13 with a downside red Sequential Countdown.  Bonds are going to rally and stocks are going lower.  Risk off

US 10Y Yield 

(Source: H.F.T )

  • US 3m10s
  • US 2s10s 
  • US 5s30s

us yc.jpg

US OIS 

Screen Shot 2018-08-04 at 9.12.10 PM

Screen Shot 2018-08-05 at 5.14.40 PM

 

 

CBOE SPX Volatility Index 

CBOE SKEW INDEX 

Merrill Lynch Option Volatility Estimate MOVE INDEX 


WATCHLIST 

blog_eyer_all_seeing_eye_claude_harris_board_detail_880x

-R.W.N II

Mail AttachmentMail Attachment-1

Banyan Capital Management, LLC (“BCM”) is a publisher, not a registered investment advisor, and nothing in BCM’s newsletter is intended, and it should not be construed, to be investment advice. BCM’s newsletter is for informational use only. Any mention in BCM’s newsletter of a particular security, index, derivative, or other instrument is neither a recommendation by BCM to buy, sell, or hold that security, index, derivative, or other instrument, nor does it constitute an opinion of BCM (or of any of its officers, employees, agents or representatives) as to the suitability of that security, index, derivative or other instrument for any particular purpose. BCM is not in the business of giving investment advice or advice regarding the suitability for any purpose of any security, index, derivative, other instrument or trading strategy and nothing in BCM’s newsletter should be so used or relied upon. BCM is not acting as your financial advisor nor in a fiduciary capacity, with regard to any securities, index, derivative or other instrument referred to in BCM’s newsletter. Also, no representation is made concerning the tax implications in any applicable jurisdiction regarding any securities, index, derivative or other instrument and BCM is not advising you in respect of the tax implications. All opinions and estimates in the newsletters are given as of the date of their publication on the BCM’s website and are subject to change and BCM does not assume any obligation to update the newsletters or to reference any such changes. BCM hereby expressly disclaims any and all representations and warranties that: (a) the content of its newsletters is correct, accurate, complete, reliable or a guaranty of future performance; (b) any of its newsletters will be available at any particular time or place, or in any particular medium; and (c) that any omission or error in any of its newsletters will be corrected. BCM shall not be liable for any errors or omissions made in its newsletters or for any inaccuracies in its assumptions. BCM specifically disclaims liability for any losses or damages (incidental, consequential or otherwise) that may arise from the newsletters and that are either used or relied upon by anyone for any reason, including without limitation, the use of the newsletters in the preparation of any financial books and records. Although from time to time BCM’s newsletter may link to or promote others’ websites or services, BCM is not responsible for and does not control those websites or services. BCM’s newsletter is published and distributed in accordance with applicable United States and foreign copyright and other laws. Without the prior written consent of BCM, no person or entity, directly or indirectly, may copy, reproduce, recompile, decompile, disassemble, reverse engineer, distribute, publish, display, perform, modify, upload to create derivative works from, transmit, or in any way exploit all or any part of BCM’s website, its newsletter, or any other material belonging to BCM.

Without the prior written consent of BCM, no person or entity, directly or indirectly, may offer all or any part of BCM’s website, its newsletter, or any other material belonging to BCM for sale, nor may any person or entity, directly or indirectly, distribute all or any part of BCM’s website, its newsletter, or any other material belonging to BCM over or by means of any medium.
Without the prior written consent of BCM, no person or entity, directly or indirectly, may make all or any part of BCM’s website, its newsletter, or any other material belonging to BCM, available as part of or in connection with another website, whether by hyper-link, framing on the Internet or otherwise. At any given time BCM’s principals may or may not have a financial interest in any or all of the securities and instruments discussed herein. At any given time BCM’s principals may or may not have a financial interest in any or all of the securities and instruments discussed herein.

 

 

 

 

 

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.