Tuesday, December 10, 2019
TODAY’S GAME PLAN:
House Democrats plan to unveil two articles of impeachment against President Trump today, one on abuse of power and the other involving obstruction of Congress. Trump administration plans to sign off on adjustments to a free-trade deal with Mexico and Canada. US Commerce Secretary Ross: We Are Within Inches Of A USMCA Deal.
German ZEW expectations for December come in at 10.7 vs 0.3 estimate, French factory data also beats estimates. The U.K. economy unexpectedly stagnated in October, marking three straight months without growth for the first time since 2009.
U.S. equity-index futures retreated alongside stocks in Europe on Tuesday as investors turned cautious in the countdown to major central bank meetings and a deadline for fresh American tariffs on Chinese goods.
EQUITIES: pre market movers at bottom of this page
E-mini S&P is -0.3%, Nasdaq -0.38%, RTY -0.42%, Dow future -0.36%. SPX is holding the 3155 area (Fibonacci extension target) and will have 3120 as initial key to start today (.382 retrace of December). A break of this level would likely see the .618 s/t retrace at 3101*
Cabrera Capital Markets, LLC
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Chicago, IL 60603
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Trading: (312) 236-8907
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Fax: (312) 236-8936
As always, please use protective buy and sell stops when trading futures and options.
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