RJO FuturesCast

Daily Futures Market News, Commentary, & Insight

Daily Futures Trading Update

Futures Market Insight w/John Caruso – 02/13/2019

Posted 02/13/2019 1:19PM CT | John Caruso

Bull and Bear Market

CPI slowed m/m from 1.9 (last) to 1.6 this morning. The entire global stock market is overbought, right here right now. The VIX tapped the low end of our range today at 15.00, which is another massive complacency signal. Growth is still slowing – hence the dovish Fed. Europe is a complete nightmare, with Italy in recession and France well on its way. Eurozone industrial production fell to -4.2% y/y, yikes. I’d assume there’ll be a flurry of China trade headlines this week – But the sad truth is the data has to continue to be reported, and a U.S./China trade deal won’t stop economic gravity. There looks to be some “panic buying” off the open today. We’ll remain resolute. Remember, the Fed pivoted dovish for a reason, and we think we haven’t even scratched the surface as to how dovish they’ll likely be by year end.

Gold- I think we’re on the brink of break higher in Gold. The USD may be showing signs of topping based on yesterdays action. Along with Treasury Bonds, Gold remains our favorite macro positions on a going forward basis.

Bonds- Today’s a good day to begin accumulating Bonds again. The 10yr yield is 2.71%, approaching the top of our of 2.75%. Buy some here, buy some tomorrow, and then buy some next week – that’s how you build into a position.

Good Luck

rade Ranges:

Market

Trend

Range Low

Range High

 

 

 

 

SP500

Bearish

2658

2752

Nasdaq Comp

Bearish

7152

7445

10yr Yield

Bearish

2.61%

2.75%

VIX

Bullish

14.99

20.67

Oil

Bearish

51.68

55.25

Gold

Bullish

1301

1326

USD (Cash)

Neutral

95

97.17

EUR/USD

Bearish

1.13

1.14

USD/JPY

Bearish

1.08

1.1087

 

Feel free to reach out to John Caruso at jcaruso@rjofutures.com or 1-800-669-5354 if you’d like to get a 2 month free trial of our proprietary trade recommendations by email. 

Also, be sure you sign up for our exclusive RJO Futures PRO simulated demo account here.

RJO Futures PRO Simulated Account includes:

  • -$100K simulated trading capital
  • -Live Streaming Quotes and Charts to help you test out your trading abilities in real-time.
  • -Access to our Professional Trading Desk for advice and free daily research.

 

800-669-5354312-373-5286Series 3 Licensed

John Caruso

Senior Market Strategist
Follow John on Twitter @JCarusoRJO. John began his career at Wilshire Quinn Capital, a Wealth Management Firm based out of Los Angeles, California. Prior to becoming a broker he did some individual trading on his own, where he first began to study and interpret different market strategies and ideas. In 2006 John moved over to Lind-Waldock where he began to service clients as a professional broker. He joined RJO Futures in 2011.
Read More