Daily Game Plan from Cabrera Capital

Commentary, News

Friday, November 22, 2019


DATA/HEADLINES:  9:45ET Mfg PMI Flash; 10:00ET Consumer Sentiment

UK PMI’s showed the economy’s performance was the worst since July 2016 with manufacturing and services PMI both coming in below 50.  Germany reported better-than-expected manufacturing numbers, but purchasing managers data for the euro area pointed to continued stagnation. The euro-area composite PMI fell to 50.3 in November, missing all economist estimates. 


 U.S. stock futures advanced alongside European shares as trade talks remain the focus. Chinese President Xi Jinping said his nation wants to work toward a phase one trade agreement with the U.S. on the “basis of mutual respect and equality.“   

EQUITIES:   pre market movers at bottom of this page

E-Mini S&P 500 is up 0.15%, NQZ +0.22%, RTY +0.30% and Dow futures +0.05%. SPX has 3108 area as hourly pivot and initial key to start today.

Russell 2000 futures remain short term positive above the broken trend line.

David Wienke

Cabrera Capital Markets, LLC

10 South LaSalle, Suite 1050

Chicago, IL 60603

Direct: (312) 931-6670

Trading: (312) 236-8907

Main: (312) 236-8888

Fax: (312) 236-8936

As always, please use protective buy and sell stops when trading futures and options.

Disclaimer: Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. Any decision to purchase or sell as a result of the opinions expressed in the forum will be the full responsibility of the person(s) authorizing such transaction(s). BE ADVISED TO ALWAYS USE PROTECTIVE STOP LOSSES AND ALLOW FOR SLIPPAGE TO MANAGE YOUR TRADE(S) AS AN INVESTOR COULD LOSE ALL OR MORE THAN THEIR INITIAL INVESTMENT. PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS.

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