Daily Game Plan from Cabrera Capital

Charts, Commentary, News, Technical Analysis

Tuesday, November 26, 2019


DATA/HEADLINES:  U.S. October wholesale inventories data is released at 8:30ET, with September house prices at 9:00ET. Both consumer confidence and home sales are expected to show improvement when they are published at 10:00ET Fed Governor Brainard is due to speak in New York. $41B 5yr auction at 1ET.

Chinese authorities proposed to tighten supervision over its biggest lenders.   


In a phone call Tuesday morning, China and the U.S. “reached consensus on properly resolving relevant issues” and agreed to stay in contact on the remaining points for a “phase one” trade deal according to China’s Ministry of Commerce. Market reaction to the statement has been muted.

EQUITIES:   pre market movers at bottom of this page

Index futures are flat ahead of the US market open. Fear and Greed Index is now at 70, so nothing to worry about there…  SPX has 3155 area as next key short term resistance.

VIX Index has not had a settle below 12 this year. The intraday low is 11.03.

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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