ECONOMIC EVENTS & NEWS
NEWS!
Markets finished mixed. Actually ended up a boring market today.
China calmed investors down by saying adjustment to yuan is almost complete.
Retail sales barely beat estimates.
Oil slides to six year low.

Link to this news click here

KSS- Kohls misses earnings down – 8.7% , blames back to school shopping delay.

JWN- Nordstroms  Beats earnings – up 5%  after hours, Maybe this is where people are doing the back to school shopping.

S&P 500 sits on 200 day moving average as support still.

Fedwatch link for rate hike predictions= Sept. 55%
Option volatility VIX spikes to 14.33 but closes at 13.71

This week to watch on economic calendar:  tomorrow = Retail & Natural Gas
Tuesday – Productivity numbers = slightly less than predicted
Wednesday – Dudley speaks – Oil inventory numbers =  drawdown of -1.68 mil barrels
Thursday – Retail numbers, Natural gas inventory numbers
Friday – PPI , Michigan Sentiment report

Major earnings to move markets

Thur. – KSS (Kohls) , JWN (Nordstroms)

MARKETS
(click on symbol for chart)
SPX –  Bear – Slightly. Look for close below 200 MA then 2063
DOW–  Bear – (The almighty Death Cross Looms)
Nasd –  Neutral to bearish almost confirmed bearish
Russ –  Bear

VIX –  13.49 (down .12) but spiked early to 14.33
Archa Hi  vs Low =  -Negative; still bearish

SECTORS – trend on daily chart (click symbol for chart)

Materials (XLB) – Bear
Energy (XLE) –    Bear- WATCH for swing hi trigger here on friday
Financials (XLF) – Neutral to bearish
Industrials (XLI) – Bear
Technology (XLK) – Bear
Staples (XLP) –   Bull
Utilities (XLU) –  Bull
Healthcare (XLV) –  Neutral
Discretionary (XLY) –  Neutral to bearish, going to be affected by retail numbers this week
Mining (XME) –    Bear
Real Estate (IYR) –  Bull – slightly
Retail (RTH) –    Neutral ( affected by retail numbers this week)
Transports (IYT) – Bull

Oil (USO) – Bear
Ag (DBA) – Bear
GLD –   Bear
SLV –    Neutral to bullish

WORLD WATCH
VEU – world markets – USA companies – BEAR
EEM – global emerging markets- BEAR big time

THE DOLLAR
UUP – USD weighted ETF – Bearish , watch 25.03 as support.

COACHES TRADING THOUGHTS

China is the focus with the ripple down affect of Chinese Yuan.  After hours trading bring surprises.
Therefore, take profit quickly and expect shakeouts; which means getting triggered in then stopped out quickly.  To learn more about Chinese currency war, effect click here for our video.

I’m watching the sectors that trends are in bold  above
Still like the bears team going into this week; especially in the Industrial & energy sector. If I favor the bulls, the staples have pulled back a bit after a nice bullish run. Utilities going bullish recently could be a flight to safety. This Chinese currency war could be big to the markets.

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