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Financial Futures Outlook


Global equity markets overnight were mixed with the Chinese markets under moderate pressure and most other markets up under 1%.

Initial strength in the S&P this morning leaves the potential for a new all-time high in futures directly ahead especially given the current collection of developments.

The path of least resistance is also pointing up in Dow futures to start today and yesterday’s high is likely a target/initial resistance at 28,069. Unfortunately for the bull camp the Dow futures uptrend channel support line is a long way down because of the aggressive rally of the past 3 weeks.


It should be noted that the dollar index overnight did forge a higher high and reached the highest level since August 3rd in a fashion that suggests the dollar might remain in a slow upward track.


The euro made another new low for the move overnight but rejected that slide in a fashion that could suggest value has been achieved at the 1.1719 level.


Despite higher JGB yields, a jump in Japanese money supply and a lack of definitive leadership from the euro and dollar, the Yen forged a lower low for the move this morning.

Risk Warning: Investments in Equities, Contracts for Difference (CFDs) in any instrument, Futures, Options, Derivatives and Foreign Exchange can fluctuate in value. Investors should therefore be aware that they may not realise the initial amount invested and may incur additional liabilities. These investments may be subject to above average financial risk of loss. Investors should consider their financial circumstances, investment experience and if it is appropriate to invest. If necessary, seek independent financial advice.

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Futures and options trading involve significant risk of loss and may not be suitable for everyone.  Therefore, carefully consider whether such trading is suitable for you in light of your financial condition.  The information and comments contained herein is provided by ADMIS and in no way should be construed to be information provided by ADM.  The author of this report did not have a financial interest in any of the contracts discussed in this report at the time the report was prepared.  The information provided is designed to assist in your analysis and evaluation of the futures and options markets.  However, any decisions you may make to buy, sell or hold a futures or options position on such research are entirely your own and not in any way deemed to be endorsed by or attributed to ADMIS. Copyright ADM Investor Services, Inc.

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