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Morning Market Report for Tuesday March 13th, 2018

March 13, 2018

By | 1 Comment

The Morning Market Report is part of your 7 Step Process to Successful Trading by:

  • helping you start at the top of the markets,
  • choosing a trading strategy, and
  • finding and analyzing potential trades.

This report focuses on short-term swings in the market (especially overnight futures movements) that can help you best begin you trading morning. In this daily report, you’ll receive:

  • a summary of major market news,
  • the list of that day’s economic calendar,
  • information regarding the major markets indexes,
  • industry sector performance,
  • major commodities,
  • world currencies. and
  • links to useful sites and/or stories.

So don’t start trading uninformed; add the Morning Market Report to your daily routine.


Calendar



Economic News

  • U.S. consumer prices slow in February – The Labor Department said its Consumer Price Index rose 0.2 percent last month after jumping 0.5 percent in January. In the 12 months through February, this is the latest indication that an anticipated pickup in inflation probably will be only gradual. Read More…

Major Index Futures

  • S&P 500 futures – The S&P 500 eased 0.1%, with the 2800 level a potential resistance area to watch.
  • Dow 30 futures – The Dow Jones industrial average lost 0.6%, hurt by lingering trade-war concerns, and weighed down by weakness in Boeing (BA was down 2%) and Caterpillar (CAT was down 3%).
  • Nasdaq 100 Futures – the Nasdaq was up 0.4% helped by new highs for Apple (AAPL), Amazon.com (AMZN), Nvidia (NVDA) and Microsoft (MSFT), other stocks performing strong include Micron Technology (MU), Tesla(TSLA) and Broadcom (AVGO).
  • SmallCap 2000 futures  Small caps eked out a modest gain, with the Russell 2000 up 0.3%.
  • Key Index Futures (Updated 6 days a week 23 hours a day) Interactive Charts
  • Futures for the Nasdaq 100 Futures differ in price but not action from the Nasdaq 5000 Index.
  • The charts below are for the futures so that you can have a head start on the market before it opens.

 


Commodities

    • Gold  – sideways again, near above the 50-day simple moving average, support at 1320, resistance near 1370,
    • Silver – sideways volatile to slightly bearish, below the 50-day simple moving average, support at 16, resistance is at 17 an oz, the 50-day simple moving average is also acting as resistance.
    • Crude Oil – sideways, Crude could go either way, up or down, near the 50-day simple moving average, resistance at of 64 support below at 58
    • Natural Gas –sideways, NG is being held down by the 50-day simple moving average which is acting as resistance
  • Key Commodity Futures (Updated 6 days a week 23 hours a day) Interactive Charts

 


Sectors

  • The charts below show how the sectors did yesterday and the 5-day sector performance. 
  • Most Bullish  – XLK Technology
  • Most Bearish – XLE Energy
  • All the rest of the sectors should be treated as trading sideways volatile (but starting to turn more bullish)

  • The chart below shows the last 20 days of sector performance 
    • Interactive Major Sector ETF’s
  • My Current Favorite Key Industries ETF Interactive Charts – I rotate these etf’s on a regular basis so don’t skip over them too quickly

Currencies

    • USD – $89.77 – sideways consolidation within longer-term bearish trend, resistance at 90.50 support at 88.50
    • The Charts Below are 3-Month Daily


      • Cryptocurrency 1-month Charts
      • Crypto’s explained in 4 minutes Click Here…
      • Bitcoin – sideways volatile.

      • Bitcoin Cash- sideways volatile.

      • Ethereum – slightly bearish

      • Litecoin – slightly bullish


Tackle Trading 25

      • Welcome to the new Tackle Trading Covered Call List for 2018
        • For Slightly Bullish Trends
          Naked Puts, Covered Calls, and for stocks over $100 Bull Put Spreads
        • For Neutral Trends
          – Iron Condors are great for stagnant stocks
        • For Slightly Bearish to Trends 
          – deep-in-the-money covered calls or Bear Call Spreads for stocks over $100
        • (be careful with overly aggressive directional trades like Shorting or buying Puts)

Trading Thoughts

      • (  +1   ) Slightly Bullish Market Posture – Futures point to a bullish open for the markets this morning.

Bearish                                                      Neutral                                                       Bullish

-3                         -2              -1                   0                   +1                    +2                    +3

 


You can follow daily trade adjustments and updates on Twitter, Facebook, or text “follow @tackletrading” to 40404 to get text alerts!

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Hector Duenas Jr. started his trading journey during the height of the tech bubble in 2001 as part of the 90% that loses money in the stock market.

A Rich Dad conference in 2016 changed his life and now he writes the Morning Market Reports, the Market Scoreboard, blogs, and appearances on the Coaches Show and the Cashflow Club for Tackle Trading. Hector specializes in cash-flow strategies such as Covered Calls on the Tackle 25 Watchlist, the Personal Gold System, Cashflow Condors, and speculating on Futures.

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All investing and trading in the securities market involves risk. Any decisions to place trades in the financial markets, including trading in stock or options or other financial instruments, is a personal decision that should only be made after thorough research, including a personal risk and financial assessment, and the engagement of professional assistance to the extend you believe necessary.

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1 Reply to “Morning Market Report for Tuesday March 13th, 2018”

  1. ROBERTMCKEE says:

    Hector,

    As always, thank you for your efforts in putting these together! We are having a “snow day” here in the Boston area so I’m able to spend more time with this than I normally do. I really like your “favorite ETFs for key industries”! I was wondering:

    Is there a good way to check correlation between these and the SPDR Sector ETFs? Some I think are obvious like the cleverly-named BOTZ probably correlates most closely to XLK. But what of PPA & XBI? Are these aligned more with XLK or others like XLI & XLV (respectively)?

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