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Oct 28 - White House, Congress reach tentative U.S. budget deal

EMOTION MOVING MARKETS NOW: 63/100 GREED

PREVIOUS CLOSE: 60/100 GREED

ONE WEEK AGO: 51/100 NEUTRAL 
ONE MONTH AGO: 18/100 EXTREME FEAR

ONE YEAR AGO: 13/100 EXTREME FEAR

Put and Call Options: GREED During the last five trading days, volume in put options has lagged volume in call options by 30.42% as investors make bullish bets in their portfolios. However, this among the lowest levels of put buying seen during the last two years, indicating greed on the part of investors.

Market Volatility:  NEUTRAL The CBOE Volatility Index (VIX) is at 15.43. This is a neutral reading and indicates that market risks appear low.

Stock Price Strength: EXTREME GREED The number of stocks hitting 52-week lows is slightly higher than the number hitting highs but is at the upper end of its range, indicating extreme greed.

 

PIVOT POINTS

EURUSD | GBPUSD | USDJPY | USDCAD | AUDUSD | EURJPY | EURCHF | EURGBPGBPJPY | NZDUSD | USDCHF | EURAUD | AUDJPY 

S&P 500 (ES) | NASDAQ 100 (NQ) | DOW 30 (YM) | RUSSELL 2000 (TF) Euro (6E) |Pound (6B)

EUROSTOXX 50 (FESX) | DAX 30 (FDAX) | BOBL (FGBM) | SCHATZ (FGBS) | BUND (FGBL)

CRUDE OIL (CL) | GOLD (GC) | 10 YR T NOTE | 2 YR T  NOTE | 5 YR T NOTE | 30 YR TREASURY BONDSOYBEANS | CORN

 

MEME OF THE DAY – IT’S THE JERKS

 

UNUSUAL ACTIVITY

RAD NOV 10 Call Activity on the name

CHK OCT WEEKLY5 Put Activity 14960 block @$.40 on offer

BABA 25120 block PUT Activity @$.25 on offer

TSN JAN 50 CALL ACTIVITY 9K+ @$.65 on offer

JAKK 10% Owner Oasis Management Co Ltd. P 245,000 @ $ 8.08

FLWS SC 13D Filed by Matthew McCann 2005 Trust 6.1%

More Unusual Activity…

HEADLINES

 

Atlanta Fed GDPNow Forecast: 0.8% (prev. 0.9%)

White House, Congress reach tentative U.S. budget deal

House Speaker Boehner: House To Vote On 2-Yr Budget Deal Tmrw

BoC's Lane: Bar for any change to inflation targeting framework is high - BoC

ECB's Nowotny: QE To Last At Least Until Inflation Is Close To Target

US Durable Goods Orders (MoM) Sep: -1.2% (est -1.5%; rev prev -3.0%)

US Consumer Confidence Index Oct: 97.6 (est 102.9; prev 103, rev 102.6)

Markit US Services PMI Oct P: 54.4 (est 55.5; prev 55.1)

Pfizer Tops Expectations, Lifts Outlook

Ford doubles profits on booming US sales

Comcast's Earnings Get Some Help from 'Minions'

UPS Reports Surprise Revenue Decrease

BP shrinks again to weather extended oil slump

 

GOVERNMENT/CENTRAL BANKS

Atlanta Fed GDPNow Forecast: 0.8% (prev. 0.9%)

Fed's Yellen to appear before congressional committee Nov. 4 --Rtrs

White House, Congress reach tentative U.S. budget deal --Rtrs

US House Speaker Boehner: House To Vote On 2-Year Budget Agreement Tomorrow - Yahoo

BoC's Lane: Bar for any change to inflation targeting framework is high - BoC

ECB's Nowotny: QE To Last At Least Until Inflation Is Close To Target - ForexLive

EU's Dombrovskis: Inflation in the Euro area is still significantly below ECB target: BBG

ECB almost certain to ease in Dec by boosting QE, cutting deposit rate - Rtrs poll

ECB: FX Reserves Fell To EUR 262.7bln, Down EUR 100mln

Greek Bank Recapitalisation Law To Be Submitted To Parliament By Friday - Banking Source, Rtrs

German trade body sees record exports in 2015 despite China, VW --Rtrs

Portuguese President Agrees To Coelho's Government Proposal - Diario

IMF: Japan Needs 2017 Sales Tax Hike For Fiscal Sustainability - RTRS

FIXED INCOME

U.S. Government Bonds Climb on Weak Economic Data --WSJ

Treasury Bill Rates Slide Below Zero After Debt-Ceiling Deal --BBG

Procter & Gamble Sells Euro-Denominated Bond --WSJ

Arch Coal Ends Debt Exchange, Restructuring Talks Continue --BBG

Debt Totaling $345 Billion Says ECB to Cut Deposit Rate to -0.3% --BBG

FX

Dollar steady ahead of Wednesday's Fed statement --Rtrs

AUD/NZD: Aussie Posts Steep Losses Against Kiwi --WBP

USD/CAD rises to nearly 1-month highs --Investing

USD/CHF: Dollar Spikes to 2-Mth High, Seeks Even More --WBP

Sterling remains lower after UK growth slows --Investing

EUR/JPY: Euro Plummets Further Against Strengthening Yen --WBP

COMMODITIES

Oil falls to multi-week lows on persistent supply glut --Rtrs

US crude futures settle at $43.20/bbl, down 1.77%

Brent crude futures settle at $46.81/bbl, down 1.54%

U.S. natural gas falls below $2 for the first time in three years --BBG

Iran's Rouhani: Sees Nuclear Sanctions Lifted By End-2015 - Rtrs

Gold steadies above $1,160/oz ahead of Fed meeting

EQUITIES

INDICES: Wall Street drifts lower as earnings, crude weigh --Rtrs

INDICES: Europe Stocks Fall for a Second Day as Earnings Miss, Oil Drops --BBG

M&A: Cisco Announces Intent to Acquire Lancope - Cisco

M&A: SABMiller Said to Seek More Time for AB InBev's Formal Bid --BBG

M&A: DuPont in M&A talks with rivals for farm unit - Rtrs

EARNINGS: DuPont's profit nearly halves on strong dollar - CNBC

EARNINGS: Baxter profit declines, but beats expectations - MktWatch

EARNINGS: Merck Profit Jumps, Prompting Higher Annual Forecast - WSJ

EARNINGS: Pfizer Tops Expectations, Lifts Outlook - WSJ

EARNINGS: Reynolds American meets 3Q profit forecasts - CNBC

EARNINGS: Ford doubles profits on booming US sales - FT

EARNINGS: Comcast's Earnings Get Some Help from 'Minions' - WSJ

EARNINGS: Coach Rises as Profit Tops Estimates, Showing Revival on Track - BBG

EARNINGS: Gorilla Glass maker Corning's revenue falls 5 pct - Rtrs

EARNINGS: Bristol-Myers Tops Estimates on Cancer, Hepatitis C Sales - BBG

EARNINGS: UPS Reports Surprise Revenue Decrease - WSJ

EARNINGS: Cummins to cut jobs as weak global economy hurts sales - Rtrs

ENERGY: BP shrinks again to weather extended oil slump --Rtrs

FINANCIALS: Netherlands gives go-ahead to ABN Amro flotation, likely by year-end --Rtrs

FINANCIALS: Deutsche Bank reviews future of Italian business --Rtrs

TECH: IBM is under S.E.C. investigation over accounting --Fortune

TECH: IBM announce quarterly cash dividend of $1.30/share and a $4bln stock repurchase plan - ZDNet

EMERGING MARKETS

Angry China shadows U.S. warship near man-made islands --Rtrs

New Brazil rules key for any merger, Telecom Italia CEO says --Rtrs

Saudi Stocks Tumble as Government Studies Cutting Fuel Subsidies --BBG

IMF Says Africa Must Enable Weak Currencies to Absorb Shocks --BBG

 

Israeli Bonds Gain to Five-Month High as Flug Signals Rate Cuts --BBG