Tuesday, April 23, 2019

Daily Update

S&P finally managed to clear 2929 - today futures traded as high as 2939 (short by 5 points from last peak in futures) finally closing at 2937. Short term cycles are turning down tomorrow.

US Dollar Index Futures traded as high as 97.46 closing at 97.25. Buy signal still in the works - for uptrend to continue price has to holds above <DXY_HT1>.

February's FHFA home price rose by only 0.4% m/m and 4.6% y/y. March existing home sales were down -4.9% m/m and -5.4% y/y. However, March new home sales came at a positive 692K. Chicago Fed national activity index for March came lower at -0.15.