JGB TECHS: (Z5) Bearish Trend Sequence Intact

Sep-26 18:58

* RES 3: 140.08 High Jun 13 * RES 2: 139.05 High Aug 4 * RES 1: 137.30 - High Sep 8 and key short-te...

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US TSY OPTIONS: BLOCK/Screen Oct'25 5Y Put Buy

Aug-27 18:55
  • Appr +50,000 FVV5 108.5 puts from 6.5-7 in the last few minutes vs. 109-13.75/0.18%

US STOCKS: Late Equities Roundup: New Highs for SPX, Nasdaq

Aug-27 18:50
  • Stocks continue to drift near or above last Friday's record highs this Wednesday. Reminder: Nvidia earnings expected to be announced after today's close (1620-1630ET with Nvidia expected to host a conference call at 1700ET).
  • Currently, the DJIA trades up 187.41 points (0.41%) at 45605.62 (off Friday's 45727 record high), S&P E-Mini Future up 18.5 points (0.29%) at 6501.25 - surpassing Friday's 6401.25 high, and Nasdaq up 57.7 points (0.3%) at 21601.63 vs. 21616.18 record high today.
  • Energy and Information Technology sector shares led gainers in late trade, oil and gas stocks rising with a moderate rebound in crude this morning (WTI +0.90 at 64.15): APA +2.53%, Valero Energy +2.50%, Marathon Petroleum +2.43%, Phillips 66 +2.19%, Halliburton +2.10% and Diamondback Energy +2.05%.
  • The tech sector buoyed by: Datadog +3.71%, ServiceNow +2.48%, Salesforce +2.42% and Intel Corp +2.22%.
  • On the flipside, Communication Services and Health Care sector shares underperformed: Paramount Skydance -5.87% on downgrade at from Morgan Stanley, Meta Platforms -0.85%, News Corp -0.55% and Live Nation Entertainment -0.43%..
  • Health Care sector laggers included DaVita -0.61%, Amgen I-0.52%, Humana -0.46% and Gilead Sciences -0.41%.

USDJPY TECHS: In A Range

Aug-27 18:30
  • RES 4: 151.62 61.8% retracement of the Jan 10 - Apr 22 bear leg
  • RES 3: 150.92 High Aug 1 and a key resistance 
  • RES 2: 149.81 76.4% retracement of the Aug 1 - 14 bear leg 
  • RES 1: 148.78/149.12 High Aug 22 / 61.8% of the Aug 1 - 14 bear leg  
  • PRICE: 147.86 @ 15:58 BST Aug 27
  • SUP 1: 146.21 Low Aug 14
  • SUP 2: 145.86 Low Jul 24
  • SUP 3: 145.40 50% retracement of the Apr - Aug upleg
  • SUP 4: 144.91 Trendline drawn from the Apr 22 low 

USDJPY is trading inside a range and a bear threat remains present. The short-term bear trigger has been defined at 146.21, the Aug 14 low. Clearance of this level would resume a downtrend and pave the way for an extension towards 145.40, a Fibonacci retracement. For bulls, a resumption of gains would instead open 149.12, 61.8% of the Aug 1 - 14 bear leg. Key resistance is far off at 150.92, the Aug 1 high.