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Posted by on in Market Reports

Wednesday 4th of September 2013 as of 11:00 CET

S&P500 futures are trading 1.50 points lower at 1637.50 and Dax futures are 30 points lower at 8150. The price action so far this morning has been pretty much lower from the opening and the rebounds have been very few and short, especially in the Dax.

Both the S&P500 and Dax futures failed at key resistance levels yesterday and we are now likely to go lower near term to test the downside and if this test holds we can see a bigger move higher. However keep in mind that we have this month’s key economic data out tomorrow at 1430 CET, the US nonfarm payrolls. The market is looking for +181K and employment rate of 7.4%.

Asian equity markets traded mixed overnight Nikkei 225 up 0.54%, Shanghai down 0.16% and S&P/ASX 200 down 0.67%

No major companies report earnings today.

Full earnings calendar can be found here at Bloomberg: http://www.bloomberg.com/apps/ecal?c=US

VIX closed at 16.61 last night.  

Technicals

Market

S&P 500 emini (ES)

Dax

Crude

Corn

Eur/Usd

Res 3

1667

8345

109.74

550

1.3343

Res 2

1663

8280

108.81

532

1.3298

Res 1

1650

8265

108.39

523

1.3227

Sup1

1634

8132

107.56

488

1.3150

Sup 2

1625

8116

105.90

486

1.3060

Sup 3

1620

8086

104.21

469

1.2974

ATM calls Vols. nearby month

13.75

14.92

21.13

30.89

7.73

100 EMA

1629

8158

100.03

541

1.3150

200 EMA

1571

7945

97.94

576

1.3073

14 Day avg. Volume

1558K

84K

165K

78K

185K

 

S&P 500 Emini futures – Failed at 1650 yesterday and I looks most likely to test lower near term and key support is 1625, which needs to hold to avoid a deeper sell off.

Dax futures – Failed to the upside yesterday, key support is 8116 and 8086 now that needs to avoid a deeper sell off.

Corn – Looking bullish above 488 today and buying dips looks the most attractive for today.

Crude Oil – Key support today comes in at 105.90 and looks like a long on dips as long as the Syria situation is still in focus.

Euro – Looks bearish below 1.3250 now and next downside target is 1.3070 support.

Today’s Economic Calendar (CET):

14:30     US Trade Balance (-38.6B)

20:00     US Beige Book

 

Contact info:
Trading Desk                                            

Tel:        +47-40 38 27 52

Email:    This email address is being protected from spambots. You need JavaScript enabled to view it.

Web:     www.kbrcapitalpartners.com

 

 

Risk Warning:  

Any information in this report is based on data considered to be reliable, but no representations or guarantees are made by KBR Capital Partners AS with regard to the accuracy of the data. This information is provided on condition that we accept no responsibility, legal or other for its contents. We, including our directors, officers, employees or publishers, disclaim all liabilities. Any statement constitutes only current opinions, which are subject to change. Neither the information nor any opinion expressed shall be construed to be, or constitute an offer to sell or a solicitation of an offer to buy any investments mentioned herein. Prices can go down as well as up. There is a significant risk involved in derivatives trading, including the risk of loss greater than the original investment. Past performance is no guarantee of future results.Conditions can vary from client to client, and therefore influence performance. The opportunity for profit creates a corresponding risk of loss. Anyone wishing to invest in any of the products mentioned should seek their own financial or professional advice.

 

 

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Posted by on in Market Reports

Tuesday 3rd of September 2013 as of 14:00 CET

Equity Futures trading sharply lower this morning on news of a missile launch in the Mediterranean, which was later confirmed to be a test launch by Israel and US, but later recovered most of the losses when it became clear it was not an attack. Oil also spiked higher to 107.77 high, but now a bit off the highs at 107.26.

 

Both the S&P500 and Dax futures are testing key resistance levels this morning and it is a bit make or break time for both markets this week. The latest rally can easily be a dead cat bounce for a break lower in the next few weeks.

Asian equity markets traded higher with Nikkei 225 up 2.99%, Shanghai up 1.47% and S&P/ASX 200 up 0.16%

No major companies report earnings today.

Full earnings calendar can be found here at Bloomberg: http://www.bloomberg.com/apps/ecal?c=US

VIX index closed at 17.01 Friday, but that will come down substantially at the open since the S&P500 futures are 14.5 points higher than at Friday’s close.  

Technicals

Market

S&P 500 emini (ES)

Dax

Crude

Corn

Eur/Usd

Res 3

1667

8345

109.74

550

1.3343

Res 2

1663

8280

108.24

532

1.3298

Res 1

1650

8265

107.80

523

1.3227

Sup1

1639

8132

106.36

488

1.3170

Sup 2

1634

8100

105.90

486

1.3060

Sup 3

1625

8032

104.21

469

1.2974

ATM calls Vols. nearby month

13.75

14.92

21.13

30.89

7.73

100 EMA

1629

8151

100.03

541

1.3150

200 EMA

1571

7947

97.94

576

1.3073

14 Day avg. Volume

1558K

84K

165K

78K

185K

S&P 500 Emini futures – Key support at 1622 was basically tested on the move lower last week and we are now testing the first key resistance level at 1650. A daily close above this level would be a signal that we have potential for a test of 1663 next. A failure here would bring 1620 back on the map near term.

Dax futures – Looks bearish below 8265 resistance and I would not be surprised if we test the 8126 support in the next few sessions.

Corn – Looking bullish above 488 today and buying dips looks the most attractive for today.

Crude Oil – Key support today comes in at 106.36 and looks like a long on dips as long as the Syria situation is still in focus.

Euro – Plenty of resistance between 1.3420 to 1.3500 and I think we need to move above 1.35 in the next few sessions to avoid a setback down towards support at 1.3200, which is the key level for bulls to hold for the moment to maintain the potential for a test higher.

Today’s Economic Calendar (CET):

16:00     US ISM Manufacturing PMI (54.2)

 

Contact info:

Trading Desk                                            

Tel:        +47-40 38 27 52

Email:    This email address is being protected from spambots. You need JavaScript enabled to view it.

Web:     www.kbrcapitalpartners.com

 

 

Risk Warning:  

Any information in this report is based on data considered to be reliable, but no representations or guarantees are made by KBR Capital Partners AS with regard to the accuracy of the data. This information is provided on condition that we accept no responsibility, legal or other for its contents. We, including our directors, officers, employees or publishers, disclaim all liabilities. Any statement constitutes only current opinions, which are subject to change. Neither the information nor any opinion expressed shall be construed to be, or constitute an offer to sell or a solicitation of an offer to buy any investments mentioned herein. Prices can go down as well as up. There is a significant risk involved in derivatives trading, including the risk of loss greater than the original investment. Past performance is no guarantee of future results.Conditions can vary from client to client, and therefore influence performance. The opportunity for profit creates a corresponding risk of loss. Anyone wishing to invest in any of the products mentioned should seek their own financial or professional advice.

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Posted by on in Market Reports

Tuesday 27th of August 2013 as of 13:00 CET

Comments from US Sec of State John Kerry saying that Syria will be held accountable for using chemical weapons caused the market to sell of last night. The selloff continues this morning and the Dax is down 1.42% and S&P 500 futures are down 0.5% on the day.

The German IFO numbers came out in line with expectations at 107.5 this morning and best level is in 16 months.

I reiterate the comment from yesterday:

“Price gains of stocks in the S&P 500 are outpacing profits by the fastest rate in 14 years as the bull market extends beyond the average length of rallies since 1946. The benchmark gauge for U.S. equities has risen 14 percent relative to income over the past 12 months to 16 times earnings, according to data compiled by Bloomberg. Valuations last climbed this fast in the final year of the 1990s technology bubble, just before the index began a 49 percent tumble” according to Bloomberg.

http://www.bloomberg.com/news/2013-08-25/gold-holds-gains-as-wti-climbs-on-fed-asian-futures-rise.html

Looking at several charts this morning and the ranges have been tight for quite some time in several markets and we are getting closer to potential breakouts in Dax and Euro among others, which direction remains to be seen.

Asian markets: Nikkei 225 down 0.69%, Shanghai up 0.23% and S&P/ASX 200 up 0.11%

 Earnings today: Tiffany & Co ($0.74)

Full earnings calendar can be found here at Bloomberg: http://www.bloomberg.com/apps/ecal?c=US

VIX index closed at 14.99 last night.

Technicals

Market

S&P 500 emini (ES)

Dax

Crude

Corn

Eur/Usd

Res 3

1670

8538

109.02

550

1.3596

Res 2

1667

8465

108.21

532

1.3519

Res 1

1663

8345

107.39

523

1.3420

Sup1

1640

8300

105.74

499

1.3314

Sup 2

1629

8240

105.18

486

1.3264

Sup 3

1622

8201

104.29

469

1.3280

ATM calls Vols. nearby month

13.75

14.92

21.13

30.89

7.73

100 EMA

1626

8141

100.03

541

1.3150

200 EMA

1571

7930

97.94

576

1.3073

14 Day avg. Volume

1490K

76K

165K

78K

185K

 

S&P 500 Emini futures – Technically weak below 1657 key resistance today. The big downside target is 1622, which is the former breakout level from 1st of July.

 Dax futures – Trading inside a sideways channel with resistance up at 8460 and key support at 8255, which has been the range for several weeks now. I expect to see a breakout of this range over the next week or so.

Corn – Looking bullish above 499 and buying dips looks the most attractive for today.

Crude Oil – Key support today comes in at 105.74 and it looks like a potential long trade towards that level.

Euro – Plenty of resistance between 1.3420 to 1.3500 and I think we need to move above 1.35 in the next few sessions to avoid a setback down towards support at 1.3200, which is the key level for bulls to hold for the moment to maintain the potential for a test higher.

Today’s Economic Calendar (CET):

16:00     US Consumer Confidence (79.6)

 

Contact info:
Trading Desk                                            

Tel:        +47-40 38 27 52

Email:    This email address is being protected from spambots. You need JavaScript enabled to view it.

Web:     www.kbrcapitalpartners.com

 

 

Risk Warning:  

Any information in this report is based on data considered to be reliable, but no representations or guarantees are made by KBR Capital Partners AS with regard to the accuracy of the data. This information is provided on condition that we accept no responsibility, legal or other for its contents. We, including our directors, officers, employees or publishers, disclaim all liabilities. Any statement constitutes only current opinions, which are subject to change. Neither the information nor any opinion expressed shall be construed to be, or constitute an offer to sell or a solicitation of an offer to buy any investments mentioned herein. Prices can go down as well as up. There is a significant risk involved in derivatives trading, including the risk of loss greater than the original investment. Past performance is no guarantee of future results.Conditions can vary from client to client, and therefore influence performance. The opportunity for profit creates a corresponding risk of loss. Anyone wishing to invest in any of the products mentioned should seek their own financial or professional advice.

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