Six Stocks That Are Likely To Lead The Market Lower On Feb. 21

U.S. Markets:

  • S&P 500 Futures are pointing to a 1 decline on February 21 as of 8:15 AM
  • US 10-Year: 2.66%
  • Oil: $57.50 +$0.31
  • VIX: 14.05
  • Dollar Index: 96.50

International Markets:

  • Japan Nikkei: +0.15%
  • China Shanghai: -0.34%
  • Hong Kong Hang Seng: +0.41%
  • South Korea Kospi: -0.05%
  • Singapore STI: -0.01%
  • UK FTSE: -0.56%
  • German DAX: +0.31%
  • German 10-Year Bund: 0.122%
  • Japanese 10-Yr JGB: -0.047%

Global Growth Proxies

  • Copper: -0.63% $2.90
  • Platinum: -1.28% $823.40
  • Silver: -1.93% $15.865

Key Event:

  1. Markit US Services PMI Est. 54.3
  2. Markit US Manufacturing PMI Est. 54.7
  3. German Markit Manufacturing PMI 47.6 vs. Est. 49.7
  4. German Market Services PMI 55.1 vs. Est. 52.9
  5. Outline for Trade between the US and China
  6. Brexit vote maybe next week

International Trading

Despite the problems in Europe, the German DAX continues to rise and is nearing a potential break out should it rise above 11,535. It would likely send the index on to 11,891.

germany, dax

Reasons To Be Optimistic Longer-Term

It seems hard to deny that no matter the troubles some of the economic indicators maybe flashing, stock markets continue to rise. The big question is whether it is part of a longer-term dead cat bounce or if it is a sign an improving global outlook?

The critical industrial metals such as copper have seen a massive move higher in recent weeks.  All of the significant steps higher in the stock markets of global export economies and metals such as Copper and Platinum, are at least pointing to a hint of optimism taking hold suggesting that perhaps the worst of the economic slowdown is behind us.


US Trading

The US equity market is pointing to a lower opening of about 1 point on the S&P 500. It continues to be my view that equity prices are due for a minor pullback. I think at this point; it is pretty safe to say that I’m obsessive over small details on daily movements of stock prices.  However, it is just hard for me to ignore the glaring signs of a brief price decline that is in the works for stocks.

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Disclaimer: This article is my opinion and expresses my views. Those views can change at a moment's notice when the market changes. I am not right all the time and I do not expect to be. I ...

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