Daily Game Plan from Cabrera Capital

Charts, Commentary, News, Stocks, Technical Analysis

Monday, December 9, 2019



President Trump’s impeachment process continues today as House investigators give their closing summations. No economic data or major earnings are scheduled. Fed speakers are in media blackout until Dec. 11 meeting.


Markets will focus on looming Sunday deadline for additional U.S. tariffs on Chinese goods, as well as policy meetings this week by the European Central Bank and the Federal Reserve, and the U.K. general election.  The unexpected drop in China’s exports in November shows one reason why China wants to agree on a phase one trade deal. Total exports in November dropped 1.1% from a year ago, and to the U.S. they were down 23%.

EQUITIES:   pre market movers at bottom of this page

E-mini S&P is -0.06%, Nasdaq -0.09%, RTY -0.18%, Dow future -0.08%. We will continue to use the 3155 area in SPX as short term key resistance area. A break of 3139 today would likely see 3119* area.

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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