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S&P Levels of Interest for 30 October 2017

R3  2604.00     R2  2595.50     R1  2587.00
DP  2572.25
S1  2563.75     S2  2549.00     S3  2540.50

Todays Markets

Economic Calendar
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Trading Sentiment​​​​​​​
Below is the latest sentiment as compiled by etoro, the world's largest (social) trading network. It provides a view of what individual investors think about the specific instruments and gives a view of the current sentiment.
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Latest News Headlines
Bloomberg: Stocks Extend Gain With Dollar on Profit, U.S. Tax: Markets Wrap
Stocks in most Asian markets followed gains in U.S. equities and the dollar climbed to a three-month high as earnings and congressional action on tax reform boosted confidence in the growth outlook. Australian assets took a hit after the government lost its majority. [more...]
Bloomberg: China's Cryptocurrency Barons Seek New Life Across Asia
From OKCoin to Binance.com, Chinese exchanges and wallet services are seeking a second life in friendlier Asian jurisdictions as the mainland clamps down on trading and coin offerings. They’re applying for licenses in Japan -- solo or via partners -- setting up over-the-counter shops in Hong Kong, or laying the groundwork to operate from Singapore and South Korea. [more...]
Bloomberg: Amazon Tops Sales Estimates on Subscribers, Whole Foods
Amazon.com Inc. showed investors it can run grocery stores, churn out gadgets, expand its cloud-computing business and invest in new markets, all while selling more products online and managing expenses. [more...]
Bloomberg: Australia Government in Crisis as Deputy PM Ejected in Citizenship Ruling
Australia’s government was thrown into crisis on Friday after Deputy Prime Minister Barnaby Joyce was declared ineligible to sit in parliament because he was also a citizen of New Zealand when elected. [more...]
Bloomberg: Hong Kong's Iconic Trading Floor Is the Latest to Close for Good
Hong Kong Exchanges & Clearing Ltd. is about to become the newest member of a once unthinkable club: stock exchanges without a trading floor. [more...]
Bloomberg: Alphabet Tops Profit Projections After Google Ad Surge
Alphabet Inc. beat projections for third-quarter sales and earnings after a surge in Google ad volume helped the web-search giant shrug off concerns about regulatory scrutiny and an expensive foray into hardware. [more...]
Bloomberg: Dollar Gains on Tax Reform Outlook; Euro Sinks on ECB Tapering
The euro fell to the lowest since late July after the European Central Bank said it would extend its asset purchase program at a lower rate. The dollar rallied to its highest since July 12 after the U.S. House passed a budget resolution seen as advancing the prospects for tax reform. [more...]
Reuters: U.S. economy likely slowed by hurricanes in third quarter
U.S. economic growth probably slowed in the third quarter as hurricanes Harvey and Irma restrained consumer spending and undercut construction activity, but underlying momentum likely remained strong amid robust business investment on equipment. [more...]
Reuters: Oil markets tighten, Brent approaches $60 per barrel
Oil prices inched higher on Friday, with Brent crude approaching $60 a barrel amid tightening market expectations, buoyed by comments from Saudi Arabia’s Crown Prince backing the extension of OPEC-led output cuts. [more...]
Reuters: Asian shares gain after upbeat earnings from U.S. tech titans
Asian shares gained on Friday as technology shares were boosted by upbeat earnings from U.S. high-tech giants while the euro hovered near three-month low against the dollar after the European Central Bank extended its stimulus. [more...]
CNBC: Bezos, Page and Brin are $8.6 billion richer after earnings reports
Amazon CEO Jeff Bezos and Google co-founders Larry Page and Sergey Brin added $8.6 billion to their combined wealth on Thursday, thanks to better-than-expected earnings reports from two of the world's three most valuable internet companies. [more...]
Currency Strength Indicators
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​​​​​​​The currency strength meter gives you a quick visual guide to which currencies are currently strong, and which ones are weak. The meter measures the strength of all forex cross pairs and applies calculations on them to determine the overall strength for each individual currency. For example, if EUR is strong and USD is weak, it could mean that the currency pair EURUSD could be going up. If both currencies are strong or weak it is better to avoid since it will probably means there is no clear direction for the specific pair. To get the latest Currency Strength Indicator please click here

Program Trading for 27 October 2017

Sell Programs No Programs Buy Programs
Index Sell
Active (SA)
Sell
Threshold (ST)
Fair Value
(Premium) (FV)
Buy
Threshold (BT)
Buy
Active (BA)
S&P
500
(TM)
-4.19 -3.51 -2.59 -1.16 -0.09
NASDAQ
100
(SM)
-8.65 -4.94 0.03 3.67 6.39
Dow Jones
Ind. Avg.
(SM)
-69.37 -62.95 -54.38 -43.45 -35.28

S&P Levels of Interest for 27 October 2017

R3  2574.50     R2  2570.17     R1  2565.83
DP  2560.67
S1  2556.33     S2  2551.17     S3  2546.83

Todays Markets

Economic Calendar
Image
Trading Sentiment​​​​​​​
Below is the latest sentiment as compiled by etoro, the world's largest (social) trading network. It provides a view of what individual investors think about the specific instruments and gives a view of the current sentiment.
Image
Latest News Headlines
Bloomberg: Stocks in Asia Fluctuate as Earnings, ECB in Focus: Markets Wrap
Stocks in Asia were mixed following the biggest declines in seven weeks on Wall Street as uneven corporate earnings keep traders on edge ahead of reports from technology giants, banks and a European Central Bank meeting. The dollar extended losses against G10 peers. [more...]

Bloomberg: Inside Apple’s Struggle to Get the iPhone X to Market on Time
As of early fall, it was clearer than ever that production problems meant Apple Inc. wouldn’t have enough iPhone Xs in time for the holidays. The challenge was how to make the sophisticated phone—with advanced features such as facial recognition—in large enough numbers. [more...]

Bloomberg: China’s Silk Road Cuts Through Some of the World’s Riskiest Countries
Of the 68 nations China lists as partners in its Belt and Road Initiative, the sovereign debt of 27 are rated as junk, or below investment grade, by the top three international rating firms. Another 14, including Afghanistan, Iran and Syria, are either not rated or have withdrawn their requests for ratings. [more...]

Bloomberg: Nordea to Cut ‘at Least’ 6,000 Jobs in Fight to Stay Competitive
Nordea Bank AB said it will need to cut at least 6,000 jobs as the Nordic region’s largest lender struggles to stay competitive. [more...]
Bloomberg: Global Risks, Singapore's Central Bank Warns
Investors are underestimating risks to the global economy as they drive stock markets to record highs, Singapore’s central bank chief warned. [more...]
Bloomberg: Pound Reverses Decline as U.K. Economy Grows More Than Forecast
The pound strengthened, reversing an earlier decline against the dollar, after data showed the U.K. economy expanded more than forecast in the third quarter, reinforcing expectations that the Bank of England will raise interest rates next week. [more...]
Bloomberg: The Bond-Market Doomsday Is a Dud to Traders Eyeing Opportunity to Buy
After 10-year Treasury yields broke through 2.4 percent, then 2.42 percent, then 2.45 percent on Tuesday and Wednesday, it looked like the market was buckling under the weight of what DoubleLine Capital LP’s Jeffrey Gundlach called “the moment of truth” for its three-decade bull run. [more...]
Reuters: Euro edges up with ECB decision in focus, Asian stocks flat
The euro stretched gains on Thursday ahead of a European Central Bank meeting that could result in a less accommodative monetary policy, while Asian stocks were subdued after Wall Street pulled back from record highs. [more...]
Reuters: Oil prices inch lower on increases in U.S. crude inventories, production
Oil prices inched lower on Thursday, pressured by an unexpected increase in U.S. crude inventories and as oil output and exports from the United States rose last week. [more...]
CNBC: China has launched another crackdown on the internet — but it's different this time
Chinese President Xi Jinping delivered a message for the world during his opening speech at the 19th Communist Party Congress: China supports an open economy, and it will further liberalize its markets to foreign investors. [more...]
CNBC: Deutsche Bank profits more than double and smash market estimates
German lender Deutsche Bank posted a strong increase in third-quarter net profit Thursday, beating analyst expectations despite a significant drop in investment bank revenue. [more...]

Currency Strength Indicators
Image
​​​​​​​The currency strength meter gives you a quick visual guide to which currencies are currently strong, and which ones are weak. The meter measures the strength of all forex cross pairs and applies calculations on them to determine the overall strength for each individual currency. For example, if EUR is strong and USD is weak, it could mean that the currency pair EURUSD could be going up. If both currencies are strong or weak it is better to avoid since it will probably means there is no clear direction for the specific pair. To get the latest Currency Strength Indicator please click here