(The Weekly Digest reproduces the morning capsules made available every morning before the market open in the Real Time Feeds to the paying subscribers. )
RUSSIA RAISES RATES AND GOLD JUMPS ON UKRAINE
April 25, 2014
Ukraine PM accuses Russia of wanting to start World War III.
Russian central bank announces surprise rate increase to support its currency as a defense against the West potentially imposing harsher sanctions.
Gold finally took notice of the crisis but is meeting a lot of selling around the $1300 level.
Oil and interest rates are falling.
Gold futures are at $1299, silver futures are at $19.66, and oil futures are $101.12.
S&P 500 resistance levels are 1875, 1900, and 1925; support levels are 1850, 1837, and 1825.
DJIA futures are down 51 points.
FIVE MILITANTS KILLED IN UKRAINE, GOLD GOES DOWN
April 24, 2014
In the first major crackdown by Ukraine over pro-Russians, there are reports that five pro-Russian militants have been killed. Gold, which traditionally goes up on this type of news, is falling and has broken the recent support.
Earnings since yesterday’s Morning Capsule overall are slightly better than expectations. In early trading stock market has a positive tone to it but is at a level where sellers may emerge.
Oil is attempting to stage a rally.
Interest rates are slightly higher.
Gold futures are at $1274, silver futures are at $19.25, and oil futures are $101.93.
S&P 500 resistance levels are 1900 and 1925; support levels are 1850, 1837, and 1825.
DJIA futures are up 9 points.
RUSSIA WARNS UKRAINE
April 23, 2014
The markets have taken Russia off their radar. However it is important to keep up with new developments. Russian Foreign Minister has just stated that any attack on Russian’s in Ukraine will be considered an attack on Russia.
In early morning the trading is quiet and most markets are range bound.
Gold futures are at $1286, silver futures are at $19.46, and oil futures are $101.52.
S&P 500 resistance levels are 1875, 1900, and 1925; support levels are 1850, 1837, and 1825.
DJIA futures are up 2 points.
POSITIVE SENTIMENT FROM EARNINGS AND DEALS
April 22, 2014
This morning there is positive sentiment in the market from a number of deals in pharmaceuticals. Earnings reported after the close and this morning, on the average, are slightly better than expectations.
The market has relieved the short-term oversold condition and is now up against stiff resistance.
Interest rates are rising.
Gold is range bound.
Oil is falling.
Gold futures are at $1288, silver futures are at $19.40, and oil futures are $103.24.
S&P 500 resistance levels are 1875, 1900, and 1925; support levels are 1850, 1837, and 1825.
DJIA futures are up 13 points.
CHINA SEIZES JAPANESE SHIP
April 21, 2014
It is important to be aware of geopolitical developments that can either provide new opportunities or pose new risks before they make headlines.
China seized a Japanese cargo ship. It has to do with unpaid bills from Japanese leasing two Chinese ships in 1936. These ships were used by the Japanese army and later sank at sea.
China is the number two economy and Japan the number 3 economy in the world. If tension increases between the two, it will hit growth and the stock markets. No action is needed at this time, just careful watching.
Stock futures have given up early gains.
Gold and oil are retreating.
Interest rates are range bound.
Gold futures are at $1290, silver futures are at $19.43, and oil futures are $104.14.
S&P 500 resistance levels are 1875, 1900, and 1925; support levels are 1850, 1837, and 1825.
DJIA futures are up 16 points.
