Charlies Comments 04-13-2018

Trade Date: 4/13/2018 Commentary (delayed until 10.20 AM ET)
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ZN R1-R4: 120-185-120-20, 120-225-120-24, 120-26-120-28, 121-00-121-04

ZN S1-S4: 120-11-120-14, 120-055-120-08, 120-00-120-03, 119-24-119-28

ZN/ZB Comments: Little news OVN. The drum beats of war appears to have lessened OVN. The talk of an attack on Syria decreased yesterday and the wire services are saying it might not happen this morning. We will see. Could be a smoke screen to hide an impending attack. If the ES trades asper the norm, TSY’s might just give us a pause day, which is what is expected post an auction week. It is settlement day and the major players are sidelined w/out a major piece of news to drive the trading. Biggest economic news OVN was that China’s export numbers were below expectations. Today’s biggest new will be Consumer Sentiment and this usually doesn’t move the mkt. Today’s news: Consumer Sentiment is expected at 101.0, JOLTS at 6.143 M, Baker Hughes Rig Count at ??? (previously 1114/1003). The focus should be the direction of the ES and Consumer Sentiment. Will play for a trading range mkt today w/a down bias. First sell is 120-16/20 followed by 120-23/27. Cover at 120-09 OB. First buy is 120-09/13 followed by 120-01/05. Exit at 120-19 OB.

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ZB R1-R4: 145-17-145-20, 145-23-145-24, 145-28-146-02, 146-06-146-14

ZB S1-S4: 145-08-145-10, 145-03-145-06, 144-28-145-00, 144-20-144-25



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ES R1-R4: 2675-2678, 21681-2688, 2691-2698, -

ES S1-S4: 2658-2663, 2652-2655, 2640-2646, -

ES Comments: Equities are mixed round the globe w/half up and the other down. No news to drive the trading outside of China’s export miss w/its biggest customers. No news out of the EU/UK. The much talked about attack on Syria may not happen. The OVN news commentary says that the odds of a US attack on Syria are diminishing. Tesla’s stk has rebounded post comments from Musk. Facebook’s scripted testimony before Congress went off w/out a hitch. Trump has been quiet on Amazon too. Buy stks! Today’s news is limited. . Today’s news: Consumer Sentiment is expected at 101.0, JOLTS at 6.143 M, Baker Hughes Rig Count at ??? (previously 1114/1003). The focus should be Consumer Sentiment and technical resistance at 2675, a mkt number. Resistance begins at 2675/80 and support is at 2655/60 as the mkt opens this morning. I like the long side first. IF 2675/80 is rejected, I can trade from the sht side of the mkt. First buy is 2661/66 followed by 2651/56. Exit at 2674 OB. First sell is 2674/79 followed by 2684/89. Cover at 2661 OB.

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