Daily Game Plan from Cabrera Capital
Wednesday, December 4, 2019
TODAY’S GAME PLAN:
DATA/HEADLINES: 8:15ET ADP Employment; 9:45ET Markit Services PMI; 10:00ET ISM Non-Manufacturing Index, Fed’s Quarles testifies before the House Financial Services Committee, CAD rate decision
IF U.S. USES ANY ARMED FORCES, N.KOREA WILL TAKE PROMPT CORRESPONDING ACTIONS AT ANY LEVEL – KCNA. North Korea: Use Of Armed Forces Against The DPRK Will Be A Horrible Thing For The U.S. –KCNA. US And N.Korea Can Turn Into An All-Out Armed Conflict Any Moment Even By Any Accidental Case
TODAY’S HIGHLIGHTS:
Yesterday’s vote in the House of Representatives to impose sanctions on Chinese officials over human rights abuses weighed on global stocks as it seemingly increased the risk of breakdown in US-China talks. But today, US Index futures gain after Bloomberg reported that U.S. negotiators expect a phase-one deal to be completed before tariffs are set to rise on Dec. 15. Europe is outperforming after the report.
EQUITIES: pre market movers at bottom of this page
E-mini S&P is +0.5%, Nasdaq 0.65%, RTY 0.5%. SPX will have 3107 area as initial resistance area and short term closing key.
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.