RJO FuturesCast

Daily Futures Market News, Commentary, & Insight

Bull and Bear Market

Just a quick note this morning….

A better than expected GDP number this morning at 2.6% vs 2.2% and many on Wall Street (including us and our quant team) forecasting 1.6-1.9% for Q4 2018.  We know the consumer and investment slowed in Q4 – But we were wrong on net exports which increased +1.77% which was an outlier event and a big pivot for the number.  All in all, it’s a great day to execute on the process in Treasuries and even gold today.  You know how we do things here, we buy things we like at the low end of our range and sell things we don’t like at the top end of the range, that simple.

Asian equities took a dive lower overnight and as far as your daily update on U.S./China Trade, the Chinese Ambassador to the US said trade reforms could take up to 5-10yrs to accomplish. 

Actionable Trade Levels:

Market

Trend

Range Low

Range High

 

 

 

 

SP500

Bearish

2716

2810

Nasdaq Comp

Neutral

7256

7626

10yr Yield

Bearish

2.61%

2.71%

VIX

Neutral

13.22

19.26

Oil

Neutral

54.04

58.16

Nat Gas

Bearish

2.62

2.91

Gold

Bullish

1308

1352

USD (Cash)

Neutral

95.62

9702

EUR/USD

Bearish

1.12

1.14

USD/JPY

Bearish

1.1

1.1133

 

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.

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  • -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. John made his move to the commodity industry at the end of 2005, and began his path at Lind Waldock, at the time the largest retail brokerage division worldwide. John did his undergraduate work at Robert Morris University in Pennsylvania from 1999-2003, where he was a 4 year varsity basketball letterman.  A self-professed “Macro Trader”, John uses a multi-factor fundamental and “quantamental” trading model in distinguishing market cycles based upon the accelerations or decelerations of growth and inflation metrics. His technical and quantitative approach is heavily reliant upon trend and market range analysis via a custom built standard deviation system in helping him make probability-based market decisions. John is an avid reader of all things pertaining to finance, and behavioral economics. Click here to sign-up for John Caruso's Trading Coach Insights. Daily information and insight on all futures marketsin ranging from metals to equities.
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