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Thanksgiving Politics
 

Strange times But remember The Joker once served as the Iranian ambassador for the United Nations.

Stock Market Mania, Thanksgiving and Tariffs

The Week That Was:

The U.S. stock markets remain in full mania mode heading into Thanksgiving, despite moments of concern of no trade deal, impeachment, Iran and Hong Kong protests the fear of missing out remains supreme. The put call ratio, Vix and talking heads underscore there is no fear out there. We remain not far off the Dow Jones Industrial Average 28,000. How many times can China and the White House say China and the U.S. are getting close to reaching a trade deal before the market calls their bluff?. (I may be sceptical but these types of accouncements have come out all most daily for a few weeks with no substance, market manipulation at its best knowing the best illiquid times for news algos.)There is a reason why so many experienced fund managers are closing up shop.

Apple remains the best-performing stock in the Dow since July 11, when the index first reached 27,000. Since then the Apple shares are up more than 30%. Intel, J.P. Morgan, United Technologies are some of the stocks that have also rallied more than 10% since July 11. Home depot had been but lost 6% in a day after earnings. There are a mutlitude of stocks with losses of 10 to 25% a day in this market, This is the hallmarks of a casino rather than a rational market plalce.

After futures expiration oil joined in the fun, jumping over $58.70 despite bearish EIA reports with record production and crude builds of 9 otf 10 weeks. More dovish Fed talk dovish Fed cutting rates as Apple continued to hit all time highs and the highest US index beta stocks dragged the markets up further.

The market has shrugged off Brexit, impeachment and geopolitical powder keg risk and Fed injecting 60 Billion into the system to maintain liquidity, in its not QE4 program.The consumer has been keeping the economy robust, all eyes will be on the Black Friday sales this week.

Poltically we have the growing antagonistic and partisan split of the impeachment of the POTUS, in the UK and Europe we have the daily Brexit No Deal on or off. Enjoy those Thanksgiving conversations!

The U.S. started a 15% tariff on about $110 billion in apparel, footwear and other Chinese imports last month, with same duty on the balance of almost $300 billion in toys, phones and laptops and other products delayed until Dec. 15. The levy was held back from increasing on that already in effect on $250 billion in other Chinese goods to 30% from 25% on Oct. 1, the 70th anniversary of the founding of the People's Republic of China in the phase one trade deal.

Given the history, markets seem overly optimistic about trade, some would say negligently. The market wants to believe the trade war is constructive, we have warned for over a year about the nonsense of the trade war nearing an end. Very simply you have two different cultures two different political systems and shaming doesn't do well in either.

We still have confusion with the whole mess that is Brexit though Italy's political situation improved. Negative rates, as foolish as history will remember them are the theme of the moment.

This is a market full of players that think its different this time, sure its different negative rates all around, trillions of worthless debt, unstable politics and Central Bankers putting their thumb in their mouths and seeing which way the wind blows. The fear of missing out and blind partisan politcs creates intertesting bed fellows. Be alert and put your ear plugs in and watch the whole spectrum its all related, geopolitical, debt markets, commodities, stocks, herds, greed and entitlement,

The spectre of Deutschbank overhangs Europe as does the new British PM, Boris Johnson. Their are other spectres out their we just don't know it, or want to.

"Negative yields on long-dated government securities are more reflective of distorted market conditions than of stronger sovereign credit profiles, Fitch Ratings says. Lower interest service costs support sovereign creditworthiness, but this must be weighed against the impact of the economic conditions leading to lower yields and historically high government debt levels in a number of countries.- Fitch"

The indices are gamed by a few high delta stocks leading the way with massive leverage and a game of chicken on daily.  Apple surging to record highs Friday as earnings were greeted with enthusiasm.

We remind you to stay on your toes, ad nauseum we repeat; In this surreal world that market prices can only go up, with bizzare acceptance that we can't go down and you are a fool if you think otherwise. We have had mixed economic data, no concrete decision on the China and EU trade wars and now a fresh election in the U.K. Here we are (see what ya wanna see).

The Week Ahead

This week we have a shortened week of trading. The stock market will be closed on Thanksgiving Day Thursday and will close at 1 p.m. on Friday. Still another big week for potential volatility with the the market spotlight on President Trump and other officials as their comments have effectively gamed stocks higher. Still a ton of economic data is due out in the USon Wednesday, including a preliminary reading on third quarter US gross domestic product, personal income and spending data for October and the Federal Reserve's Beige Book.

In Europe the market spotlight will be on the IFO institute's German business confidence index for November, on Monday, and a preliminary reading on euro area consumer prices for November on Friday. In the UK readings on monthly consumer credit, house prices and consumer confidence all on Friday. Thursday also sees readings on Japanese consumer prices in November as well as industrial production and unemployment figures for October. We then have increasing noise from Britain ahead of the next British general elections on 12 December.

The U.S. politically remains combustible, led by Democrat impeachment, Turkey, Iran and Saudi moves, trade wars and repo rates. The market continues to focus on "phase one" of the  U.S. China trade talks.

Watch for the MBA mortgage report also it has had huge swings each week and is key to the economy and homebuilders. In the U.S. investors will be watching data that can help us gauge trade war fallout.

U.S. goods are more expensive due to a stronger dollar boosted by geopolitical woes and negative interest rates in Europe. The dollar index hit a 29-month high on Sept. 3. Investors are also transfixed by oil prices in reaction to the Saudi attack and recovery and military respsonses.

  • Monday 
    German IFO Business Climate, Current Assessment and Expectations.
  • Tuesday
  • German GFK Consumer Confidence, US Consumer Confidence, House Price Index and New Homes Sales
  • Wednesday  US Jobless Claims, Durable Goods Orders, GDP (Preliminary) MBA Mortgage Applications Personal Consumption Expenditures, Income and Spending, EIA Crude Oil Inventories. EIA Natural Gas Storage
  • Thursday EU Business Climate Indicator, Consumer Confidence, Economic Sentiment Indicator, Industrial Production, Services Confidence (EU)
  • Friday Germany Import Price Index,Unemployment Rate, EU Unemployment Rate, UK Consumer Credit, GFK Consumer Confidence, Mortgage Approvals, Baker Hughes Oil Rig Count, CFTC Speculative net positions

To repeat AGAIN ...With the trade war, most analysts still say a US-China trade deal will remain out of reach regardless for some time. On repeat "Again the issue is the disconnect between the story telling about the China deal and inconclusion between the Tories and Labor in the UK. What could go wrong?"

It is now over six months since the latest trade deal between the United States with China deadline of March 1. The White house said it needs more time, then turned around and slapped more tariffs on and said hey we are still talking.  Are we the only one that sees the constant reset to keep markets elevated? If you have half a non partisan brain it should be all pretty clear the great game going on.

For emerging markets the high US dollar means the Fragile 5 continue to shake. Argentina and Turkey are red letter risks. Voters will also be going to the polls in Poland,Indonesia, the Philippines and Thailand this year.

Over $4 trillion of EM debt matures by the end of 2020, of which around a third is denominated in foreign currency, according to the Institute of International Finance. Nevertheless Banks are telling investors to buy, buy, buy, who is selling you should ask? 

If you wanted to play in the big room at Vegas, you are living it. Understand risk and the madness of crowds for your own sanity and wealth.

Focus on yourself and what YOU CAN INFLUENCE, set your trading plan and goals in be set for 2019. One suspects it will be a year long Groundhog day for Trump, the GOP and the Democrats. We still have China and the U.S.trade wars.

Earnings The earnings reporting period continued with ZTO Zto Express WWD Woodward Inc. BILI Bilibili  ASND Ascendis Pharma  MANU Manchester United Ltd CRMT America's Car-Mart HD Home Depot MDT Medtronic PLC TJX TJX Companies AM ARMK Aramark KSS Kohl's URBN Urban Outfitters JKS Jinkosolar Holding. LOW Lowe's Companies TGT Target NTES Netease Ads +L L Brands Inc. Nuance Communications Inc. Lazy Boy SONO Sonos Inc, INTU Intuit Inc. ROST Ross Stores Inc. SPLK Splunk Inc. GPS Gap Inc. JWN Nordstrom Inc. WSM Williams-Sonoma Inc. M Macy's BJ BJS Wholesale Club Holdings, MJ.M. Smucker FL Foot Locker HIBB Hibbett Sports Inc.,

We start off on Monday with: PVH, Palo Alto Networks

Tuesday Earnings Include: Burlington, Dollar Tree, Best Buy, Dick’s Sporting Goods, Dell

Wednesday Earnings Include: Deere

Thursday Earnings Include:Nil

Friday Earnings Include: Nil

-comment section below data-

Geopolitical Tinderbox Radar

Trade Imbalances IMF

Italy CDS
Turkey Geopolitical

Last Week's Big Stories

The Week That Was - Last Weeks Recap

Earnings

 

Stock Markets

Biggest Stock Winners and Losers Last Week*

MW Top Stocks 11 22 19

 Which Stocks Moved US ETF's Last Week

MW Top ETF Stocks 11 22 19
 

US Stock Indices Performance

There was a reason why we kept harping on about this risk: The performance in shares of small-cap companies which are domestically focused than the large-cap firms is a concern for the optimism in the markets, belies the ATH optimism. The small-cap Russell 2000 index had gained 16.6% for the year, which has underperformed the benchmark S&P 500 index which had risen over 19.5%. Whereas the DJIA, NDX and SPX have marked new records highs, it remained 9.7% below its August 2018 high.

MW US Perf 11 22 19 

S&P 500

SPX  corrected back to the daily speed line which held as did tanken with Kijun flattening below at week's end.  For 1-2 we need speed line break to the Kijun with resistance the 8/8 MM. Watch impulse and hugging of daily speed lines and the tenkan below. 

Note developing pennant (pink) failed. Best alternatives were a (ii) of wave V higher,  A of a larger 2 or this is iii of something more powerful. The alternative that the recent low is a C also played out with new highs. Speed and channel lines in tune with algo calibration curve.

 MW SPX D 11 22 19

Weekly SPX  has put ina red spug after  new  all time highs, the first since after spat the trend line and back up through the Kijun and tenkan retains energy and in 1 thrust wave. Again closed over the top of the channel, watch if this is a spit or clear break and +2/8 Murrey Math confluence support is 50 wma wtenkan and kijun

 MW SPX W 11 22 19

Apple $AAPL

(Another ATH Leading underlying strength of US Indices)

MW AAPL W 11 22 19
 

Amazon $AMZN

MW AMZN W 11 22 19
 

CBOE VIX INDEX

Data via Ole S Hansen @Ole_S_Hansen

VIX caution: Not only did the net-short hit a record but so did the percentage of total open interest which reached 50%. History tells us that positions this elevated could leave the short side very vulnerable to a sudden change in direction $SPX $SVXY $XIV

Image

Speculators increased their VIX futures net-short by 17k lots to a RECORD 188k lots in the wk to Oct. 29. During the past month the #SPX rally has helped widen the contango thereby fueling short-selling strategies though futures and inverse ETFs $SVXY and $XIV.

 Image

Fixed Interest

10 Year Treasury Note

MW TNX W 11 22 19
 

Energy and Commodities

US Crude Oil (WTI)

WTI bounced sharply through the tenkan, Kijun and 50 dma zone to close at the cloud  after futures expiration  Note rising wedge  without any resistance quickly completing a fractal spit per Adam's Theory We saw a little bull flag powered by the Kijun holding and powering through tenkan and 50 dma. The impulse meant a C or (Y) complete - bullish case would be a developing X 


MW CL D 11 22 19
 

WTI sharp impulse higher through 50 WMA rejected at the cloud - we are still working throught he fall after spat the weekly 61.8% We closed over Tenkan, Kijun and 50wma confluence (green) under the cloud, MW CL W 11 22 19

US Natural Gas (Henry Hub)

Natural Gas bounced squarely off the 50dma rebalancing at the chikou through both Kijun and Tenkan. Gap above and gap below indicated the traps on both sides.  Correcting the Murrey Math 1/8 and Wave iii or Alt C high. Support also near lows and the cloud from underneath 

 MW NG D 11 22 19

Natural Gas rally so far rejected at the 61.8% and the March highs with the tenkan and Kijun now support after a retest of the 2.50-52 band. Watch for Kijun/Tenkan cross  after retesting the weekly channel break.


MW NG W 11 22 19
 

Baltic Dry Index (BDI)

MW BDI W 11 22 19
 

Precious Metals

Gold

Gold continues to develope structure after it bounced after 3 waves into the Tenkan but quickly came off to form a higher degree (a) of the B of the 4 - key is the recent lows at tenkan for whether this is a C or 3?  Like Silver watch Fibs and Tenkan and Kijun. Watching for corrective 2 waves to tell us what this move is

.MW Gold W 11 22 19

Silver

Silver rallied sharply off the 38% after it rallied in 3 waves to retest the September 2017 breakdown has been correcting the impulse with impulse reversal - meaning C or 3 and we came back to rebalance Chikou and bounced through tenkan and 38% to spit those levels  We watch recent lows if this a 1 down or more - watch tenkan above and flattening  Kijun.

 MW Silver W 11 22 19

Currency Markets

Australian Dollar - AUDUSD

The Aussie dollar failed again at the Kijun and is testimng the tenkan. work being done after the move to the first target through the bull flag break with flat Kijun pulling and then releasing.

MW AUD W 11 22 19

 New Zealand Dollar - NZDUSD

The Kiwi bounced off the Tenkan, pulled higher by the flat Kijun just shy of the breakdown (muave). Weekly channel in focus with tenkan now support. The Chikou under previous lows key at week's end. 

MW NZD W 11 22 19
 

Canadian Dollar - USDCAD

The USDCAD rebounded sharply to the flat Kijun above back into the cloud over the tenkan after spitting  uptrend testing support of the last rally and 38%. We watch if developing in larger flag (white channel)  Resistance now top of cloud and 50 wma. The tenkan remains the pivot aspect. Support is previous lows and channel.

MW CAD W 11 22 19
 

Euro - EURUSD

Euro back retesting  the tenkan after a firm rejection of Kijun governed by $EURGBP Brexit pound volatility. Support pennant break. Unless this is a spit the potential of the measured move comes in around 1.0630 and lower. EUR remains a battle between EURJPY and EURCHF and EURGBP.

MW EUR W 11 22 19
 

EuroPound - EURGBP

EURGBP sums up EUR weakness - trying to bounce in a 2 after being down sharply in 3 waves but needs impulse for confirmation if correcting the July breakup or is a deeper move. The weekly cloud gave way and found support at the May breakup to complete min for wave 2 reflecting the madness of Brexit politics. Resistance at chikou and Tenkan with support at channel.

MW EURGBP W 11 22 19
 Japanese Yen - USDJPY

The dollar yen got over the weekly Kijun and ran into a wall at 50 wma which we are still working through needs to get over cloud to get legs and pull away. Not yet, it was halted by the 38% and Murrey 6/8.  Kijun turning up now. Yen buying returned on crosses, EURJPY and AUDJPY taking away the cloud twist that drew the dollar up.

MW JPY W 11 22 19

 Mexican Peso USDMXN

Mexican peso continued to strengthen in a pennant fter it spat the upper channel and has come all the way back through the Kijun and tenkan through the channel bottom which are now resistance. Watch if a fractal spit on the trend continues.

MW MXN W 11 22 19
 

Turkish Lire USDTRY

The USD Turkish Lire struggles still under cloud under the daily Kijun and Tenkan which is now resistance.  It is so far playing both sides of the channel Support is the previous break up and tenkan, resistance Kijun.

MW TRY D 11 22 19
 

Bitcoin

Bitcoin found sharp impulse after the sell of this week off 3 waves, back to the tenkan and kijun. Needs higher for anything more than a correction. Use your MM rules as algos control the herd here, support is the cloud - we said be wary of sharp ABC, 1-2 moves.

MW BTC W 11 22 19
 

The Week Ahead

Key US Economic and Central Bank Events This Week

Sun November 24, 2019

Monday, November 25, 2019

  • 00:00 JPY Leading Index
  • 00:00 SGD CPI (YoY) (Oct)
  • 03:00 EUR Spanish PPI (YoY)
  • 04:00 EUR German Business Expectations (Nov)
  • 04:00 EUR German Current Assessment (Nov)
  • 04:00 EUR German Ifo Business Climate Index (Nov)
  • 06:00 GBP CBI Distributive Trades Survey (Nov)
  • 08:30 USD Chicago Fed National Activity (Oct)
  • 08:30 CAD Wholesale Sales (MoM) (Sep)
  • 10:30 USD Dallas Fed Mfg Business Index (Nov)
  • 11:30 USD 3-Month Bill Auction
  • 11:30 USD 6-Month Bill Auction
  • 13:00 USD 2-Year Note Auction
  • 18:50 JPY Corporate Services Price Index (CSPI) (YoY)

Tuesday Nov 26,2019

  • 00:00 JPY BoJ Core CPI (YoY)
  • 00:00 SGD Industrial Production (MoM) (Oct)
  • 02:00 EUR GfK German Consumer Climate (Dec)
  • 02:30 CHF Employment Level (Q3)
  • 03:15 EUR ECB's Coeure Speaks
  • 03:15 EUR ECB's De Guindos Speaks
  • 03:30 HKD Trade Balance -30.6B
  • 04:00 EUR Italian Trade Balance Non-EU (Oct)
  • 04:05 AUD RBA Assist Gov Debelle Speaks
  • 04:05 AUD RBA Governor Lowe Speaks
  • 04:30 GBP Gross Mortgage Approvals
  • 08:30 USD Goods Trade Balance (Oct)
  • 08:30 USD Retail Inventories Ex Auto (Oct)
  • 08:30 USD Wholesale Inventories (MoM)
  • 08:30 CAD Corporate Profits (QoQ)
  • 08:55 USD Redbook (MoM)
  • 09:00 USD House Price Index (MoM) (Sep)
  • 09:00 USD S&P/CS HPI Composite - 20 s.a. (MoM) (Sep)
  • 10:00 USD CB Consumer Confidence (Nov)
  • 10:00 USD New Home Sales (MoM) (Oct)
  • 10:00 USD Richmond Manufacturing Index (Nov)
  • 10:00 USD Richmond Services Index (Nov)
  • 10:30 USD Dallas Fed Services Revenues (Nov)
  • 10:30 USD Texas Services Sector Outlook (Nov)
  • 13:00 USD 5-Year Note Auction
  • 13:00 USD FOMC Member Brainard Speaks
  • 14:00 NZD RBNZ Financial Stability Report
  • 16:00 KRW Consumer Confidence (Nov)
  • 16:30 USD API Weekly Crude Oil Stock
  • 16:45 NZD Trade Balance (MoM) (Oct)
  • 17:00 NZD RBNZ Gov Orr Speaks
  • 19:01 GBP BRC Shop Price Index (YoY)
  • 19:30 AUD Construction Work Done (QoQ) (Q3)
  • 20:30 CNY Chinese Industrial profit (YoY) (Oct)

Wednesday, November 27, 2019

  • 02:00 EUR German Import Price Index (MoM) (Oct)
  • 02:45 EUR French Consumer Confidence (Nov)
  • 04:00 EUR Italian Business & Consumer Confidence (Nov)
  • 04:00 CHF ZEW Expectations (Nov) -
  • Tentative GBP BoE MPC Treasury Committee Hearings
  • 05:00 EUR France Jobseekers Total
  • 07:00 USD MBA 30-Year Mortgage Rate
  • 07:00 USD MBA Mortgage Applications (WoW)
  • 07:00 USD MBA Purchase Index
  • 07:00 USD Mortgage Market Index
  • 07:00 USD Mortgage Refinance Index
  • 08:30 USD Continuing Jobless Claims
  • 08:30 USD Core PCE Price Index (MoM) (Oct)
  • 08:30 USD Corporate Profits (QoQ) (Q3)
  • 08:30 USD Durable Goods Orders (MoM) (Oct)
  • 08:30 USD GDP (QoQ) (Q3)
  • 08:30 USD GDP Price Index (QoQ) (Q3)
  • 08:30 USD Initial Jobless Claims
  • 08:30 USD Jobless Claims 4-Week Avg.
  • 08:30 USD PCE price index (MoM) (Oct)
  • 08:30 USD Real Consumer Spending (Q3)
  • 09:45 USD Chicago PMI (Nov)
  • 10:00 USD Pending Home Sales (MoM) (Oct)
  • 10:00 USD Personal Income (MoM) (Oct)
  • 10:00 USD Personal Spending (MoM) (Oct)
  • 10:00 USD Real Personal Consumption (MoM) (Oct)
  • 10:30 USD Crude Oil Inventories
  • 11:30 USD 4-Week Bill Auction
  • 11:30 USD 8-Week Bill Auction
  • 12:00 USD Dallas Fed PCE (Oct)
  • 12:00 USD Natural Gas Storage
  • 13:00 USD 7-Year Note Auction
  • 14:00 USD Beige Book
  • 16:00 KRW Manufacturing BSI Index (Dec)
  • 18:50 JPY Retail Sales (YoY) (Oct)
  • 19:00 NZD ANZ Business Confidence (Nov)
  • 19:00 NZD NBNZ Own Activity (Nov)
  • 19:30 AUD Building Capital Expenditure (MoM) (Q3)
  • 19:30 AUD Private New Capital Expenditure (QoQ) (Q3)

Thursday, November 28, 2019

  • All Day Holiday United States - Thanksgiving Day
  • 01:45 CHF GDP (QoQ) (Q3) 0.4%
  • 02:00 GBP Nationwide HPI (MoM) (Nov)
  • 03:00 EUR Spanish CPI (MoM
  • ) 03:00 EUR Spanish HICP (MoM)
  • 03:00 EUR Spanish Retail Sales (YoY) (Oct)
  • 04:00 EUR M3 Money Supply (YoY) (Oct)
  • 04:00 EUR Loans to Non Financial Corporations (Oct)
  • 05:00 EUR Italian PPI (MoM) (Oct)
  • 05:00 EUR Business and Consumer Survey (Nov)
  • 05:00 EUR Business Climate (Nov)
  • 05:00 EUR Consumer Confidence (Nov)
  • 05:00 EUR Industrial Sentiment (Nov)
  • 06:45 EUR Spanish Business Confidence
  • 08:00 EUR German CPI (MoM) (Nov)
  • 08:00 EUR German HICP (MoM) (Nov)
  • 08:30 CAD Current Account (Q3)
  • 11:35 EUR ECB's Coeure Speaks
  • 14:35 EUR German Buba President Weidmann Speaks
  • 16:45 NZD Building Consents (MoM) (Oct)
  • 18:00 KRW Industrial Production (MoM) (Oct)
  • 18:00 KRW Retail Sales (MoM)
  • 18:00 KRW Service Sector Output (MoM) (Oct)
  • 18:30 JPY Jobs/applications ratio (Oct)
  • 18:30 JPY Tokyo Core CPI (YoY) (Nov) 0.3%
  • 18:30 JPY Unemployment Rate (Oct)
  • 18:50 JPY Industrial Production (MoM) (Oct)
  • Tentative AUD HIA New Home Sales (MoM)
  • 19:01 GBP GfK Consumer Confidence (Nov)
  • 19:30 AUD Housing Credit (Oct)
  • 20:00 KRW Interest Rate Decision (Nov)

Friday Nov 29, 2019

  • Holiday United States - Thanksgiving Day - Early close at 13:00
  • 00:00 JPY Construction Orders (YoY)
  • 00:00 JPY Household Confidence (Nov)
  • 00:00 JPY Housing Starts (YoY) (Oct)
  • 02:00 GBP Nationwide HPI (MoM) (Nov)
  • 02:00 EUR German Import Price Index (MoM) (Oct)
  • 02:00 EUR German Retail Sales (MoM) (Oct)
  • 02:45 EUR French Consumer Spending (MoM) (Oct)
  • 02:45 EUR French CPI (MoM)
  • 02:45 EUR French HICP (MoM)
  • 02:45 EUR French PPI (MoM) (Oct)
  • 03:00 CHF KOF Leading Indicators (Nov)
  • 03:55 EUR German Unemployment Rate (Nov)
  • 03:55 EUR German Unemployment (Nov)
  • 04:00 EUR Italian Monthly Unemployment Rate (Oct)
  • 04:00 EUR Spanish Current account (Sep)
  • 04:30 GBP BoE Consumer Credit (Oct)
  • 04:30 GBP Mortgage Approvals (Oct)
  • 04:30 GBP Mortgage Lending (Oct)
  • 05:00 EUR Italian CPI (MoM) (Nov)
  • 05:00 EUR Italian HICP (MoM) (Nov)
  • 05:00 EUR Core CPI (MoM)
  • 05:00 EUR Unemployment Rate (Oct)
  • 06:00 EUR Italian GDP (QoQ) (Q3)
  • 08:30 CAD GDP Implicit Price (QoQ) (Q3)
  • 08:30 CAD GDP (MoM) (Sep)
  • 08:30 CAD IPPI (MoM) (Oct)
  • 08:30 CAD RMPI (MoM) (Oct)
  • 11:00 CAD Budget Balance (Sep)
  • 13:00 USD U.S. Baker Hughes Oil Rig Count
  • 14:30 USD CFTC Speculative net positions
  • 20:00 CNY Chinese Composite PMI (Nov)
  • 20:00 CNY Manufacturing PMI (Nov)
  • 20:00 CNY Non-Manufacturing PMI (Nov)

Saturday, Nov 30, 2019

  • 19:00 KRW Exports (YoY) (Nov)
  • 19:00 KRW Imports (YoY) (Nov)
  • 19:00 KRW Trade Balance (Nov)

 

Stock Buyback Watch

Via Emad Mnati @EmadMnati and MarketBeat

Stock BuyBAcks 1

Stock BuyBAcks 2

 

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Note these charts, opinons news and estimates and times are subject to change and for indication only. Trade and invest at your own risk.

Trade Smart!

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