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Futures News, August 12th: Shanghai Futures Exchange (SHFE) precious metals and non-ferrous metals warehouse receipts and changes on August 12th: 1. Copper futures warehouse receipts: 24,131 tons, an increase of 953 tons compared to the previous trading day; 2. Aluminum futures warehouse receipts: 303,168 tons, a decrease of 1,023 tons compared to the previous trading day; 3. Zinc futures warehouse receipts: 110,721 tons, an increase of 396 tons compared to the previous trading day; 4. Lead futures warehouse receipts: 61,228 tons, an increase of 301 tons compared to the previous trading day; 5. Nickel futures warehouse receipts: 100,769 tons, a decrease of 158 tons compared to the previous trading day. 6. Tin futures warehouse receipts: 5,199 tons, up 136 tons from the previous trading day; 7. Alumina futures warehouse receipts: 264,286 tons, unchanged from the previous trading day; 8. Alumina futures factory warehouse receipts: 9,300 tons, unchanged from the previous trading day; 9. Gold futures warehouse receipts: 113,676 kg, unchanged from the previous trading day; 10. Silver futures warehouse receipts: 1,305,953 kg, up 5,003 kg from the previous trading day; 11. International copper futures warehouse receipts: 5,651 tons, down 251 tons from the previous trading day.US July Seasonally Adjusted CPI MoM (Previous: -0.4%; Expected: 0.1%) 1. Capital Economics: +0.0%; Citigroup: +0.0%; Mizuho Securities: +0.0%; ANZ: +0.1%; Bank of America Merrill Lynch: +0.1%; 2. Tesco Bank: +0.1%; Commerzbank: +0.1%; Goldman Sachs: +0.1%; HSBC: +0.1%; Morgan Stanley: +0.1%; 3. JPMorgan Chase: +0.1%; Pansen Macro: +0.1%; Moodys Analytics: +0.1%; ING: +0.1%; NatWest: +0.1%; 4. Nomura Securities: +0.1%; Oxford Economics: +0.1%; RBC: +0.1%; Sumitomo Mitsui: +0.1%; Lloyds Banking Group: +0.1%; 5. Nordea: +0.1%; Steifel: +0.1%; UBS: +0.1%; Vanguard: +0.1%; Spartan Capital: +0.1%; 6. Wells Fargo: +0.1%; Montreal: +0.2%; BNP Paribas: +0.2%; Berenberg: +0.2%; Barclays: +0.2%; 7. High Frequency Economics: +0.2%; Scotiabank: +0.2%; Societe Generale: +0.2%; Danske Bank: +0.2%; Deutsche Bank: +0.2%; 8. Standard Chartered: +0.2%; TD Securities: +0.2%; UniCredit: +0.2%; Westpac: +0.2%; Jefferies: +0.3%. US July seasonally adjusted core CPI month-on-month rate (previous value: +0.0%, expected value: +0.2%) 1. Mizuho Securities: +0.1%; Sparta Capital: +0.1%; ANZ: +0.2%; Montreal: +0.2%; BNP Paribas: +0.2%; 2. Bank of America Merrill Lynch: +0.2%; Barclays: +0.2%; CIB: +0.2%; Capital Economics: +0.2%; Citigroup: +0.2%; 3. Commerzbank: +0.2%; Danske Bank: +0.2%; Goldman Sachs: +0.2%; HSBC: +0.2%; Steifelr: +0.2%; 4. ING: +0.2%; Lloyds Banking Group: +0.2%; JPMorgan Chase: +0.2%; Oxford Economics: +0.2%; Wells Fargo: +0.2%; 5. Nomura Securities: +0.2%; Morgan Stanley: +0.2%; Pansen Macro: +0.2%; Sumitomo Mitsui: +0.2%; Nordea: +0.2%; 6. Societe Generale: +0.2%; Westpac: +0.2%; UBS: +0.2%; Standard Chartered: +0.2%; TD Securities: +0.2%; 7. UniCredit: +0.2%; NatWest: +0.2%; Deutsche Bank: +0.3%; Moodys Analytics: +0.3%; Scotiabank: +0.3%.August 12th - Wells Fargo economists predict that the July U.S. CPI report should reinforce the view that the worst of the inflationary impacts from high tariffs and Middle East conflicts have passed. Price increases appear to be driven by a few categories rather than a broad spread of underlying price pressures. However, while the scope of inflationary pressures is narrowing, continued price strength in some sectors suggests that achieving the 2% inflation target may still be a gradual process.The China Earthquake Networks Center officially reported that a magnitude 3.6 earthquake occurred at 14:57 on August 12 in Xinghai County, Hainan Prefecture, Qinghai Province (35.39 degrees north latitude, 99.53 degrees east longitude), with a focal depth of 10 kilometers.On Wednesday, August 12, the German DAX 30 index opened 55.72 points higher, or 0.21%, at 26,451.09; the UK FTSE 100 index opened 0.55 points lower, or 0.01%, at 10,843.64; the French CAC 40 index opened 4.19 points higher, or 0.05%, at 8,719.13; the Euro Stoxx 50 index opened 17.93 points higher, or 0.27%, at 6,569.15; the Spanish IBEX 35 index opened 60.38 points higher, or 0.30%, at 20,273.98; and the Italian FTSE MIB index opened 171.79 points higher, or 0.32%, at 53,878.00.

S&P 500 Price Forecast – Stock Markets Give Up Early Gains

Cory Russell

Dec 29, 2022 14:37


Technical Analysis of the S&P 500

Initially attempting to rise during Wednesday's trading session, the S&P 500 eventually gave up gains and lost momentum due to the thin markets' lack of current interest. The 3800 level underneath should be sustained, but if we decline below that, it would be possible to slide considerably lower, maybe as low as the 3700 level.


At this point, rallies ought to be fading, therefore the 3900 level and the 50-Day EMA can serve as a ceiling from which to resume shorting. When signs of fatigue start to surface, they will be pounced on, and I won't think twice about shorting them. Because of this, I believe that the market will continue to be negative, although it's possible that unreliable money managers may attempt to pad their books towards the end of the year. This is a frequent occurrence since they must at least demonstrate to their customers that they possess the "proper stocks."


It appears like Wall Street will sometimes need a reminder that the Federal Reserve is dead serious, which is an issue that the Federal Reserve itself caused by coddling traders for 14 years, so I believe it's just a matter of time until we continue to go lower. In light of this, I am prepared to short this market gradually during rallies and when it begins to show symptoms of tiredness. However, at this time of year, I am not expecting for large swings, so you must see this through the lens of short-term trading.