CTA Trading Desk Morning Report
[7:00am ET] Good morning, Geoff here.
Could the tide be turning for the “rest of us”?
The Senate looks to be on to JP Morgan’s deceitful ways. However, because Washington was complicit on much of the bank fraud that led to the country’s current financial situation, I’m pessimistic on anything actually coming of this.
The Commodity Futures Trading Commission is considering an investigation regarding the London price fixing in the gold and silver markets. Because of the huge, some would call illegal, short positions in said commodities that has been allowed, I’m pessimistic on anything actually coming of this.
The Administration is drawing up plans to allow US spy agencies full access to US citizens’ financial activity. Because privacy and eventually liberties will be infringed upon, I am positive that this will move forward.
A near miss between a spy Drone and a commercial flight was witnessed a couple of weeks ago in New York. Because privacy and eventually liberties will be infringed upon, I am positive that the Drone air fleet will grow and eventually there will be an in air collision leading to deaths.
My feelings on the above matters are formed by trends. I’m pretty sure that I am not the only one that feels the way I do, and unless the trend moves back towards the citizen, more people will begin to see what is happening around them.
However, that means little to trading.
This morning, the US Dollar has moved below the 10 dma, but I want to see a close there. Here is the chart that the simpleton is watching (yesterday’s closing prices) – once the trend changes to US Dollar down, the others are up and you can see that they have already signaled that move with the Australian Dollar first to the party.
Watch the above relationships because the dollar’s run is long in the tooth and the other securities are ready to pop.
Have a great trading day and weekend!
Here are the 7:00am ET snapshots of the latest equity market trading results for Europe, and futures prices plus 5-minute charts of the futures for S&P 500, 30-year US Treasury Bond, US Dollar index, Gold and Crude Oil.
| Symbol | Name | Last Trade | Change | Related Info |
|---|---|---|---|---|
| ^ATX | ATX | 2,503.68 |  14.32 (0.57%) | Components, Chart, More |
| ^BFX | BEL-20 | 2,647.00 |  18.40 (0.70%) | Components, Chart, More |
| ^FCHI | CAC 40 | 3,849.12 | 22.46 (0.58%) | Components, Chart, More |
| ^GDAXI | DAX | 8,059.92 | 1.55 (0.02%) | Components, Chart, More |
| AEX.AS | AEX General | 355.32 | 0.53 (0.15%) | Components, Chart, More |
| ^OSEAX | OSE All Share | 526.27 | 1.60 (0.30%) | Components, Chart, More |
| ^OMXSPI | Stockholm General | 379.85 | 1.26 (0.33%) | Components, Chart, More |
| ^SSMI | Swiss Market | 7,842.04 | 0.81 (0.01%) | Components, Chart, More |
| ^FTSE | FTSE 100 | 6,510.36 | 19.05 (0.29%) | Components, Chart, More |
| FPXAA.PR | PX Index | 1,010.03 | 8.85 (0.87%) | Chart, More |
| MICEXINDEXCF.ME | MICEX Index | 1,498.97 | 0.00 (0.00%) | Chart, More |
| GD.AT | Athex Composite Share Price Index | 972.72 | 4.43 (0.46%) | Chart, More |
http://finviz.com/futures.ashx
http://finviz.com/fut_chart.ashx?p=m5&t=ES
http://finviz.com/fut_chart.ashx?p=m5&t=ZB
http://finviz.com/fut_chart.ashx?p=m5&t=DX
http://finviz.com/fut_chart.ashx?p=m5&t=GC
http://finviz.com/fut_chart.ashx?p=m5&t=SI
http://finviz.com/fut_chart.ashx?p=m5&t=CL
The team will check in during the day, reporting in the Discourse when there is a new entry.
Enjoy your day.
Cara 100 Company research notes from Seeking Alpha
Boeing (BA)
Mar15: 3:12 AM Boeing’s (BA) 787 could restart flights “in weeks, not in months,” the company says after detailing a “permanent fix” for its lithium-ion battery problems that “addresses all (the) causal factors” which led to two burn-outs. Boeing will put the batteries in stainless steel cases, and add extra insulation, spacers and heat-resistant sleeving. Boeing has also asked suppliers Yuasa and Thales to improve production standards. Mar14: 8:56 AM Boeing (BA +0.15%) receives an order for six 777-300 extended range jets from Swiss International Air Lines in a deal valued at $1.9B at list prices. Meanwhile, Boeing plans to give a briefing in Tokyo tomorrow to “provide details on the proposed permanent solution to the 787 battery issue.” The location indicates the importance that the plane maker places on ensuring the happiness of two of its biggest customers, Japan Airlines and All Nippon Airways.
Carnival (CCL)
Mar15: 6:53 AM Carnival (CCL) says the 4K passengers on its stricken Dream ship are in the process of being flown back to Florida. In yet another mishap, another ship at sea is having technical problems which are having an impact on sailing speed. CCL -0.6% premarket.
Dow Chemical (DOW)
Mar14: 10:01 AM Dow Chemical (DOW +0.6%) intends to raise almost $1.5B from selling assets over the next year and a half, and has put its polypropylene licensing & catalysts business and its plastics additives unit up for sale. Dow describes the move as being part of its “rigorous focus on return on capital;” since 2009, the company has sold non-core businesses representing about $8B in revenue.
Target (TGT)
Mar15: 1:18 PM Target (TGT -0.2%) announces two e-commerce purchases to help boost its cooking and kitchenware business. The retailer acquired Chefs Catalog and the assets of Cooking.com in separate deals.
United Technologies (UTX)
Mar15: 12:36 PM United Technologies (UTX +0.3%) reaffirms its outlook for 2013, expecting an EPS of between $5.85 to $6.15, on sales of $64B to $65B. The company also continues to anticipate cash flow from operations less capital expenditures will be equal to or in excess of net income attributable to common shareowners.
Vale (VALE)
Mar14: 9:43 AM Vale (VALE -0.2%) reportedly hires BAML to sell minority stakes in two of its undeveloped Australian coal assets, including the Belvedere project in Queensland state. Belvedere could require $2B of investment, and is due to be completed in 2016; initial production is forecast at up to 2M tons/year of coal, rising to 7M tons later.
Vad’s Catch of the Day
Kaimu’s Sound Money
Deron’s Daily ETF Analysis
Point and Figure on Canada
OptionOracle
Harp’s Roadmap
Cara on the Metalminers
Cara on the International Markets
CTA Trading Desk Mid-Day Report
CTA Trading Desk Post-Close Report