Two Big Momentum Stocks With Sell Signal 有卖出信号的两只大动力股

As Nasdaq Composite and S&P 500 continue to make new historical high, stock market trend is still up. As the market is discounting good earnings and interest rate cut next week, it is time to be cautious since sell on news may happen. To hedge the market,  it may be a good idea to start participate in already broken down stocks. Two of this kind of stocks are presented below:

NFLX （335.78）Support 330 then 306， Resistance 336 then 342

。Reported worse then expected earnings.
。Trend is down after breaking below 20, 50 and 200 day moving averages.
。Good entry point to sell/short as it has bounced to resistance.
。Huge downside momentum last week after topped out 3 times near 385.
。Investors.com Accumulation／Distribution at D which indicates institution selling.

TSLA (228.04) Support 221 then 210, Resistance 334

。Reported worse than expected earnings.
。First week down last week with huge downside momentum.
。Trend is down as price is below 20 and 200 day moving averages.
。CCI sell signal, -DI crossing +DI sell signal.
。Big weekly Bearish Engulfing sell signal.

随着纳斯达克综合指数和标准普尔500指数继续创出历史新高，股市走势依然向上。 由于市场已经反映了好财报和下周的降息，现在是时候谨慎了，因为消息出来后可能会出现抛售。 为了对冲市场，开始参与已经遭到破坏的股票可能是一个好主意。 下面列出了两只这样的股票：


NFLX（335.78）支撑330然后306，阻力336然后342

。财报比预期为坏。
。跌破20日，50日和200日移动均线，趋势向下。
。因为它已反弹至阻力位，是卖出/卖空的合适切入点。
。上周在385附近未能突破，造成3顶形态。
。Investors.com 的累积/分发评分为D表明机构抛售。

TSLA（228.04）支撑221然后210，阻力334

。财报比预期为坏。
。上周为第一周下跌,下跌势头巨大。
。由于价格低于20天和200天移动平均线，趋势下跌。
。日图有CCI卖出信号，有-DI交叉+ DI卖出信号。
。周图有看跌吞没卖出信号。

Why Are These Stocks Attractive 为什么这些股票具有吸引力

OSTK (17.73) , Online Retail, Block Chain

Good support at 17, Accumulation/Distribution rating A+, Short Interest 56%, Consensus Price Target 48.

KPTI (8.33) , Biotech

Finished correction, Accumulation/Distribution rating A-, Short Interest 17%, Consensus Price Target 19.75.

BITA (11.22) ,Chinese online car sale services

Stock has bottomed out, Accumulation/Distribution rating B+, Short Interest 56%, Consensus Price Target 16.

ZGNX (47.86), Biotech

Consolidating after bullish Island Reversal, Accumulation/Distribution rating B-, Short Interest 23%, Consensus Price Target 62.

GBTC (13.35), Bitcoin ETF

Double Bottomed, Bounced off solid support at 12 (lower end of trading range), and high end of trading range is 17.5.

OSTK（17.73）,在线零售，区块链
强力支撑位17，累积／分发评级为A +，卖空比率56％，市场共识价格目标48。

KPTI（8.33）, 生物科技

已完成修正，累积／分发评级为A-，卖空比率17％，共识价格目标19.75。

BITA（11.22），中国在线汽车销售服务
已造成底部，累积／分发评级为B +，卖空比率为56％，市场共识价格目标为16。

ZGNX（47.86），生物科技
看涨岛形反转之后进行整合，累积／分发评级为B-，卖空比率23％，共识价格目标62。

GBTC（13.35），比特币ETF

双底，在12（交易区间的下限）有坚固支撑，交易区间的高端阻力是17.5。

Stock Market View And 3 Special Situation Stocks 股市看法和3只特殊情况股票

Expectation of a July Federal Reserve interest rate cut has pushed major market indexes to new highs recently. Fear of missing out and no better return any where have been the main drivers for stock market to move higher. However,  Q2 corporate earning reports have begun, even though expectations have been low and can beaten easily but out look may not be optimistic. Technically, S&P500 has moved significantly higher then it's 200 day moving average and is the 2nd highest in the last 5 year. This means the market is overbought and any bad news can initiate a sharp correction. I am now cautiously bullish and avoid picking direction of the market. I am long special situation stocks such as BITA, KPTI and ZGNX.

BITA：Forward PE 6.6, EPS this year +62.8%,  Stock bottomed，institution accumulation/ distribution rating is B, short interest 56% with only 13.85M shares float.

KPTI: Two analysts upgrade with consensus target at much higher at 19.75, downside correction has completed, institution accumulation/ distribution rating is B, short interest at 17.66% with only 49.62M shares float.

ZGNX: FDA approved drug, bullish Island Reversal pattern, institution accumulation/distribution rating is B, short interest is 23.35% with only 41.3M shares float.

对7月美联储降息的预期推动主要市场指数近日再创新高。害怕错过机会加上没有比股票更好的回报渠道是现在股市走高的主要动力。 然而，第二季度企业盈利报告已经开始，尽管预期很低并且可以轻松打败预期但展望可能并不乐观。 从技术上讲，标准普尔500指数的水平已远远高于200天移动平均线水平，是过去5年来的第二高位。 这意味着市场处于超买状态，任何坏消息都可能引发剧烈调整。 我现在是谨慎看涨并避免挑选市场方向。 我现在持有BITA，KPTI和ZGNX等特殊情况股票。

BITA： 前瞻PE 6.6，今年预计+ 62.8％，股票已触底，机构累积/分发评级为B，空头率为56％，仅有1385万股流通。

KPTI：两位分析师调升目标价，共识的目标为19.75，下行修正已经完成，机构累积/分发评级为B，空头率为17.66％，仅有4962万股流通。

ZGNX：FDA批准新药，看涨岛形逆转图形，机构累积/分发评级为B，空头率为23.35％，仅有4130万股流通。

More Reasons For The Stock Market To Correct 更多股市要调整的理由

1. July interest rate cut of 0.25 to 0.50 has fully discounted with Nasdaq up 12.8%, S&P 500 up 10%, Dow up 9.4% and Russell 2000 up 8.7% since June 3. Treasuries has been weak for the last few days.

2. President Donald Trump says China is not buying agricultural products as it said it would.
The development could be a bad sign for efforts to reach an agreement to end a trade war between the world’s two largest economies.

3. The imminent Q2 earning reports could be the market's near term problem to face.

4. Small cap index Russell 2000 has been weak and not able to make all time high as the other indexes do.  Russell 2000 diverging with other indexes could drag the general market.

5. S&P 500 failed to hold the 3000 mark and this level looks like a place for it to consolidate and correct. It has failed 3 times in the last two days to break and stay above this level.

6. Many analysts who guessed the S&P 500 reaching 3000 may declared goal has reached and urge their client to take profit.





1. 7月降息0.25至0.50已完全被市场反应了，自6月3日以来纳斯达克指数上涨12.8％，标准普尔500指数上涨10％，道琼斯指数上涨9.4％，罗素2000指数上涨8.7％。过去几天国债一直疲软。

2. 唐纳德特朗普总统表示，中国不会像它所说的那样购买美国农产品。这一发展可能是达成协议以结束世界两大经济体之间贸易战的努力的一个坏迹象。

3. 即将到来的第二季度收益报告可能是市场近期面临的问题。

4. 小盘股指数罗素2000指数一直疲软，并且无法像其他指数一样创出历史新高。罗素2000与其他指数的背离可能会拖累整体市场。

5. 标准普尔500指数未能守住3000点大关，这个水平看起来像是一个要整固和调整的地方。
它在过去两天中失败了3次保持在这个水平之上。

6. 许多猜测标准普尔500指数会达到3000的分析师可能宣布达成目标，并敦促其客户获利卖出。

One Indicator Points To Short Term Market Sell Off Imminent 一个指标指向短期市场抛售或迫在眉睫

S&P has been rising to challenge all time high while fear index ETF UVXY has been rising after forming double bottoms today. The divergence between the two indicates market sell off is coming.

标准普尔指数一直在上涨挑战历史高点，而恐惧指数1.5X ETF UVXY今日形成双底后一直在上涨。 两者之间的趋势背离显示市场抛售或即将来临。

6 Great Reasons To Buy This Stock 购买此股票的6大理由

Bitauto Holdings Limited (BITA 11.45), through its subsidiaries, provides Internet content and marketing services, and transaction services for the automobile industry in the People's Republic of China. It operates in three segments: Advertising and Subscription Business, Transaction Services Business, and Digital Marketing Solutions Business.

Followings are favorable factors for short term up move:

1. BITA reported better than expected earnings.

2. BITA broke out of an almost two month trading range on 125% higher volume. It also broke above its 50 day moving average solidly at 10.87.

3. BITA's short interest is a whopping 56% with only13.85 million shares float. A definite short squeeze candidate.

4. BITA has great fundamentals: a low forward PE of 7.2, EPS growth this year is projected to be 62.80%, Price to Sales 0.52, Price to Book 0.29.

5. BITA has an investors.com accumulation/ distribution rating of B.

6. BITA has bottomed and has upside potential to 14.

Bitauto Holdings Limited (BITA 11.45) 通过其子公司为中华人民共和国的汽车行业提供互联网内容和营销服务以及交易服务。 它分为三个部分：广告和订阅业务，交易服务业务和数字营销解决方案业务。

以下是对BITA短期上涨的有利因素：

1. BITA报告的收益好于预期。

2. BITA突破了近两个月的交易区间，成交量为平均量的125％。 它也稳固地突破了50日移动平均线10.87。

3. BITA的空头百分比高达56％，而只有1385万股浮动股票。 一个肯定的空头挤压候选股。

4. BITA基本面很好：前瞻市盈率为很低的7.2，今年每股盈利增长预测为62.80％，价格／销售为0.52，价格／账面价值为0.29。

5. BITA的investors.com积累/分发评级为B.

6. BITA已触底，并具有到14的上升空间。

Morning Market News Digest And Comment 早盘市场新闻摘要及评论

Pacific Time 7:30AM : Dow+76.10，  S&P 500 +11.88， Nasdaq +36.64， Russell 2000 +7.22, WTI crude oil+1.40%，Gold+0.55%， US dollar index-0.05%, 10 Year Treasury yield1.962% -0.014

Oversea markets: Shanghai-0.94%, Japan-0.53%, Hong Kong-0.07%, Germany+0.65%, UK+0.57%, France +0.59%.

Weak sectors: SMH, FXI, EEM, OIH  Strong sectors: IYR, PPH, EWG, SOCL, IYT, SOCL

The nomination of Christine Largarde to lead European Central Bank and Christopher Waller and Judy Shelton by Trump for Federal Reserve Governor are seem as good for lower interest rate.  Low interest rate environment is supportive for the stock market. Both European stock market and US stock market rallied this morning. S&P 500 made new high while Dow is less than 100 points away from its historical high and the Nasdaq is only about 40 points away from its. Historically, the day before and the day after July 4 Independent Day are usually up days. All time highs for both the Dow and Nasdaq Composite will likely tested during this couple of days. Today the market closes at 10 AM Pacific Time.


。Private sector employment increased by 102,000 jobs from May to June according to the June ADP National Employment Report. The report, which is derived from ADP’s actual payroll data, measures the change in total nonfarm private employment each month on a seasonally-adjusted basis. “Job growth started to show signs of a slowdown,” said Ahu Yildirmaz, vice president and co-head of the ADP Research Institute. “While large businesses continue to do well, small businesses are struggling as they compete with the ongoing tight labor market. The goods producing sector continues to show weakness. Among services, leisure and hospitality’s weakness could be a reflection of consumer confidence.” ---Calculated Risk

。Gold prices extended a rally Wednesday, surging to around its highest level in six years as expectations grew for loose global monetary policy, which may bolster the appeal of the yellow metal. International Monetary Fund head Christine Lagarde’s nomination to lead the European Central Bank and those of Christopher Waller and Judy Shelton by President Donald Trump has supported a rush to buy government debt, driving European sovereign paper and U.S. Treasury yields sharply lower Wednesday. Shelton said that if appointed, she would lower interest rates to 0% in one to two years. In addition to wanting 0% rates, Shelton seeks a return to the gold standard and has written that central banks ‘are the world’s biggest currency manipulators’. ---Market Watch, Mish Talk

。The global sovereign bond rally continues apace this morning. The yield on 10-year Treasuries dropped to the lowest level in more than two years, hitting 1.955%, while Germany’s 10-year yield is trading within a gnat’s whisker of the ECB deposit rate at -0.4%. The huge leg-up in Italian bonds still has legs, with the 10-year yield hitting 1.703% this morning as the government eases its budget ambitions. Analysts don’t see an end to the global rally anytime soon -- with a few notable exceptions. ---Bloomberg

。During an interview with Maria Bartiromo last week, President Trump accused Vietnam of being "almost the single worst abuser of everybody" and asserted that "Vietnam takes advantage of us even worse than China." In a series of preliminary rulings, the Commerce Department is slapping 400%+ steel tariffs on Vietnam. In its finding, the Commerce Department listed several steel products initially produced in South Korea and Taiwan that are then shipped to Vietnam for processing before being exported to the US. --Zero Hedge

。Over the past three months, the financial sector has turned from laggard to leader, rising 5.9%, versus a 3.5% advance for the S&P 500 index SPX, making it the best-performing S&P sector since the start of April, according to FactSet. From the beginning of 2018 through March of this year, the S&P 500 had risen 6%, versus a 7.9% decline for the financial sector. Scott Wren, senior global equity strategist at Wells Fargo, wrote in a Tuesday research note that financial stocks should continue to outperform the broader market. “The financials sector offers the most attractive forecast total yield over the next 12 months, compared to the other S&P 500 sectors,” he wrote, noting that this measurement includes both dividends and buybacks. “This is a particularly attractive feature in the current low-rate environment, in which the major stock indices are at (or near) what we consider to be ‘fair value.’” ---Market Watch

。Tesla (TSLA) announces production of 87,048 vehicles in Q2 and deliveries of 95,200 vehicles vs. 87K-91K expected by analysts.nalysts remain skeptical on Tesla heading into its Q2 financials. Both Goldman Sachs and JPM weighed in on Tesla this morning, with Goldman keeping its "sell" rating and $158 target and JPM also maintaining its price target of $200 and keeping its "underperform" rating on the name. Goldman noted that despite numbers coming in over its estimates, the sustainability of demand remains a key focus. As a result, Goldman still expects a substantial "step down" in demand and deliveries into Q3. Goldman also noted a shift in product mix toward the Model 3, which it thinks could have a negative impact on margin. ---Zero Hedge, Seeking Slpha

。Broadcom (AVGO) appears to still be on a buying spree, with the chipmaker in advanced talks to acquire security software vendor Symantec (SYMC). ---Seeking alpha

。Starbucks (SBUX) — Stifel raised its price target on Starbucks to $86 per share from $65 a share, noting it expects the company’s second-quarter same-store sales to come in above Wall Street expectations. ---CNBC

。Dell(DELL), Microsoft (MSFT), HP Inc (HPQ) — Nikkei reported that Dell, Microsoft, and HP were among a number of U.S. tech companies looking to shift “substantial” production operations out of China. HP and Dell, specifically plan to relocate as much as 30% of their production capacity out of China, the report said, citing sources. ---CNBC







太平洋时间7:30 AM：道琼斯指数76.10，标准普尔500指数+11.88，纳斯达克指数+36.64，罗素2000 +7.22，WTI原油+ 1.40％，黄金+ 0.55％，美元指数0.05％，10年期国债收益率1.962％ -0.014

海外市场：上海-0.94％，日本-0.53％，香港-0.07％，德国+ 0.65％，英国+ 0.57％，法国+ 0.59％。

弱势行业：SMH，FXI，EEM，OIH  强势行业：IYR，PPH，EWG，SOCL，IYT，SOCL


Christine Largarde 被提名领导欧洲央行和特朗普提名Christopher Waller 及 Judy Shelton为美联储理事提名被认为对利率下降有利。低利率环境支持股市。欧洲股市和美国股市今早均上涨。标普500指数创下历史新高，道琼斯指数低于历史高点只有小于100点，而纳斯达克指数距离其仅约40点。从历史上看，7月4日前一天和前一天的独立日通常都是上涨日。道琼斯指数和纳斯达克综合指数的历史高位可能会在这两天内被测试。今天市场将在太平洋时间上午10点提早收市。

。根据6月ADP全国就业报告，私营企业就业人数从5月到6月增加了102,000个。该报告源自ADP的实际工资数据，以季节性调整的方式衡量每月非农业私营就业总数的变化。 ADP研究所副总裁兼联合负责人Ahu Yildirmaz表示，“就业增长开始出现放缓的迹象”。 “虽然大型企业继续表现良好，但小企业在与持续紧张的劳动力市场竞争时仍在苦苦挣扎。商品生产部份继续表现疲软。在服务业中，休闲和待客的弱势可能反映了消费者的信心。“---Calculated Risk

。黄金价格周三延续涨势，飙升至六年来的最高水平，因为全球宽松货币政策的预期增加，这可能会提振黄金的吸引力。国际货币基金组织负责人克里斯蒂娜•拉加德（Christine Lagarde）领导欧洲中央银行以及克里斯托弗•沃勒（Christopher Waller）和朱迪•谢尔顿（Judy Shelton）领导的总统唐纳德特朗普（Donald Trump）一直支持购买政府债券。欧洲主权债券和美国国债收益率周三大幅走低。谢尔顿说，如果获得任命，她会在一到两年内将利率降至0％。除了要求0％的利率之外，谢尔顿寻求回归黄金标准，并写道中央银行是世界上最大的货币操纵者。 ---Market Watch，Mish Talk

。今天上午全球主权债券反弹继续快速增长。 10年期美国国债收益率跌至两年多以来的最低水平，达到1.955％，而德国10年期国债收益率在欧洲央行存款利率的-0.4％之间交易。由于政府放松了预算目标，意大利债券的大幅上涨仍有支撑，10年期收益率达到1.703％。分析师认为主权债券不会很快结束全球性反弹 - 除了一些明显的例外。 ---彭博

。在上周接受Maria Bartiromo采访时，特朗普总统指责越南“几乎是所有国家中最严重的滥用者”，并断言“越南利用我们的优势甚至比中国更糟糕”。在一系列初步裁决中，商务部正在对越南征收400％以上的钢铁关税。在其调查结果中，商务部列出了最初在韩国和台湾生产的几种钢铁产品，然后在出口到美国之前运往越南进行加工。 --Zero Hedge

。根据FactSet 统计，在过去三个月中，金融业已从落后者转为领先者，上涨5.9％，标准普尔500指数SPX上涨3.5％，使其成为自4月初以来表现最佳的标准普尔板块。从2018年初到今年3月，标准普尔500指数上涨了6％，金融业上涨了7.9％。富国银行（Wells Fargo）资深全球股票策略师斯科特•雷恩（Scott Wren）在周二的研究报告中写道，金融股应继续跑赢大盘。 “与其他标准普尔500指数相比，金融板块在未来12个月内提供了最具吸引力的预测总收益率，”他并指出这一指标包括股息和回购。 “在目前的低利率环境中，这是一个特别有吸引力的特征，其中主要股票指数处于（或接近）我们认为的'公平价值'。”---Market Watch

。特斯拉（TSLA）宣布第二季度生产87,048辆汽车，交付量为95,200辆，而分析师预计为87K-91K。对于特斯拉进入第二季度财务状况，分析师则仍持怀疑态度。今天上午，高盛和JPM都对特斯拉产生了压力，高盛保持其“卖出”评级和158美元的目标，而JPM也维持其200美元的目标价，并保持其“表现不佳”的评级。高盛指出，尽管数据超出预期，但需求的可持续性仍然是关键焦点。因此，高盛仍然预计需求将大幅“下降”并进入第三季度。高盛还注意到产品组合向模型3的转变，它认为这可能对利润率产生负面影响。 --- Zero Hedge，Seeking Alpha

。Broadcom（AVGO）似乎仍在疯狂收购中，该芯片制造商正在进行深入谈判，以收购安全软件供应商赛门铁克（SYMC）。 ---Seeking alpha

。星巴克（SBUX） -  Stifel将星巴克的目标价格从每股65美元上调至每股86美元，并指出该公司第二季度的同店销售额将高于华尔街的预期。--- CNBC

。戴尔（DELL），微软（MSFT），惠普公司（HPQ） - 据日经报道称，戴尔，微软和惠普是众多希望将“实质性”生产业务转移出中国的科技公司之一。 报道称，惠普和戴尔特别计划将其生产能力的30％从中国迁出。--- CNBC

Three Stocks Under $15 With Momentum And Volatility 三只15元以下既有动力又波动的股票

Overstock.com (OSTK 14.32)

Part retail and part Blockchain company follows closely with Bitcoin price movements. After bottomed at around 9, OSTK consolidated about a month and formed a bullish Round Bottom pattern. It then consolidated around 14 for a few day and is breaking out today on the strength of Bitcoin. It's next two resistances are 16 and 17.5. Besides following Bitcoin movement, another bullish factor is its almost 50% short interest on only slightly over 28 million shares float.  With bullish Bitcoin price action and breaking about 14 resistance, short squeeze is on! OSTK should move up quickly.

Direxion Daily Gold Miner Index Bull 3X (NUGT 27.06)

Gold stocks rose as gold prices came to life since the end of May 2019. After a sharp move up from14 to nearly 30, NUGT has corrected down to its 20 day moving average at around 24 and found support.
It rallied strongly today indicating that the correction has completed. It should go back up to test recent high of 29.8. If 29.8 is overcame, next target is 35.

Greyscale Bitcoin Trust (GBTC 13.96)

After breaking out of 10000, Bitcoin surged to nearly 14000 in 6 days! It then crashed back down to
a bit below 10000 and quickly recovered above it. Looks like Bitcoin is going back to 14000 again.
Following Bitcoin's performance, GBTC surged to a high of 17.4, came back down to 20 day moving average support at 12. It moved up almost 10% today and formed a Bullish Engulfing pattern and more upside is likely due to today's strong momentum. Next two resistances are 15.5 then 17.4.
With the high volatility of GBTC, it may only take a few days to reach these targets.

Overstock.com（OSTK 14.32）

部分零售和部分区块链公司紧跟比特币价格走势。 在9左右触底后，OSTK整固了约一个月并形成了看涨的圆底形态。 然后它在14左右整固了几天，今天借用比特币的力量突破。 它接下来的两个阻力位分别为16和17.5。 除了跟随比特币走势之外，另一个看涨因素是其接近近50％的空头而流通固仅略高于2800万股。比特币价格走势加上突破14阻力位，空头挤压已开始！ OSTK应该能迅速向上移动。

Direxion每日黄金矿业指数Bull 3X（NUGT 27.06）

自2019年5月底以来黄金价格终于大幅上涨，黄金股价也随之上涨。在从14点至近30点大幅上涨之后，NUGT下调至20日移动均线24附近得支撑。今天强劲反弹表明修正已经完成。 它应该能回到最近的高点29.8。 如果29.8被克服，则下一个目标将是35。

Greyscale比特币信托（GBTC 13.96）

突破10000后，比特币在6天内飙升至近14000！ 然后它再次坠毁到略低于10000不过去能迅速恢复到它之上。 看起来比特币又要走向14000了。随这比特币表现的强劲，GBTC飙升至17.4的高点，回落至20日均线支撑位12点。今日上涨近10％并形成看涨吞没模式，今天的强劲势头将带来更多的上涨。接下来的两个阻力位是15.5然后是17.4。由于GBTC的高波动性，实现这些目标可能只需要几天时间。

Morning Market News Digest And Comment 早盘市场新闻摘要及评论

Pacific Time 7:54AM : Dow+20.50，  S&P 500 +3.84， Nasdaq +3.93， Russell 2000 -6.03, WTI crude oil-1.25%，Gold+0.53%， US dollar index-0.07%, 10 Year Treasury yield 2.014% -0.002

Oversea markets: Shanghai-0.03%, Japan+0.11%, Hong Kong+1.17%, Germany-0.11%, UK+0.41%, France +0.05%.

Weak sectors: OIH, IYM, SMH  Strong sectors: GDXJ, GDX, IYR, IYZ, GLD

US stock market opened modestly lower this morning and is now trading mixed. The prospect of more tariff on EU products and profit taking after market surge yesterday on celebration of US-China trade truce are causing the market weakness. Weakness in oil and semiconductor stocks today are also negatives for the market. Technically, historical highs for major market indexes are still formidable resistances for the market. However, bullish sentiment ( VXX is weak) is still supportive. Market are consolidating gains and waiting for news for further direction. For the tech heavy Nasdaq Composite, it may trade between 50 day moving average 7863 and all time high 8176 near term.

The U.S. widened its threat to impose tariffs against the European Union, pending the outcome of a World Trade Organization case over the EU’s subsidies of the airplane manufacturer Airbus SE . The Office of the U.S. Trade Representative said Monday that as part of a long-running dispute over aircraft subsidies it would consider tariffs on an additional 89 items with an annual trade value of $4 billion, including cheese, pasta and Scottish and Irish whiskies as well as chemicals and metals. The announcement expands the USTR’s earlier threat, and now leaves items with a trade value of about $21 billion a year under consideration for tariffs, according to the statement. ---Zero Hedge

Oil prices slipped on Tuesday as concerns that the global economy could be slowing outweighed an agreement by OPEC and allies, including Russia, to extend supply cuts until next March. The United States and China agreed at the G20 leaders summit to restart trade talks, but factory activity shrank across much of Europe and Asia in June while growth in manufacturing cooled in the United States. ---Reuters

 CME Bitcoin futures hit $1.7 billion in notional value traded on June 26, a 30% increase from its last recorded high. The open interest for BTC futures now sits at 6,069 contracts, reportedly as a result of institutional interest. A week prior, on June 21, CME bitcoin futures broke $10,000, according to data on TradingView. Just one day prior to that, on June 20, the CME Group posted another record high of 5,311 open futures contracts totalling 26,555 BTC — approximately $280 million at press time.The value of the cryptocurrency BTC itself is hovering around $10,500. Bitcoin peaked around $13,800 last week, but failed to hold at $12,000 after temporarily trading sidewise in that range on June 28 and June 29.---Zero Hedge

Citi's Jim Suva says Apple's (AAPL) consensus estimates could fall as analysts examine the potential impact of weaker China demand. Suva again says that Apple's China sales "could be cut in half" due to a "less favorable brand image." Suva maintains a Buy rating and $205 price target, but warns of potential volatility ahead.---Seeking Alpha

The Boeing Company (BA) has encountered yet another problem—this time with its twin-aisle 787 Dreamliner planes. The US Department of Justice has reportedly subpoenaed the airplane maker regarding an ongoing investigation about 787 Dreamliner safety issues. According to the Seattle Times, the Department of Justice is seeking records relating to 787 Dreamliner productions at Boeing’s South Carolina plant. The Federal Aviation Administration has been investigating two battery overheating incidents from 2013, following which Dreamliner planes remained grounded for several months.  ---Market Realist

Roku (ROKU)— An analyst at RBC Capital Markets downgraded the streaming device maker to “sector perform” from “outperform,” citing a less attractive “risk-reward” outlook. “With the stock now trading at an intrinsically robust multiple … we see risk – reward as less compelling,” the analyst said in a note. ---CNBC

KAR Auction Services (CARS) — Shares of the car auction company fell more than 4% after Guggenheim downgraded the stock to “sell” from “neutral,” citing “cyclical headwinds” and increasing competition. ---CNBC

Nordstrom (JWN)— UBS downgraded Nordstrom to “neutral” from “buy,” and slashed its price target on the stock to $33 per share from $65 a share. The analysts said Nordstrom’s competitive position is weaker than in years past. Nordstrom shares fell 1% to around $31.10 per share. ---CNBC






太平洋时间上午7:54：道指+20.50，标准普尔500指数+3.84，纳斯达克指数+3.93，罗素2000 -6.03，WTI原油 -  1.25％，黄金+ 0.53％，美元指数 -  0.07％，10年期国债收益率2.014％ - 0.002

海外市场：上海-0.03％，日本+ 0.11％，香港+ 1.17％，德国-0.11％，英国+ 0.41％，法国+ 0.05％。

弱势行业：OIH，IYM，SMH强势行业：GDXJ，GDX，IYR，IYZ，GLD

美国股市今早开盘温和走低，目前涨跌互现。由于庆祝美中贸易协定导致昨日市场激增后的获利回吐及向欧盟产品关税的计划引发今天市场疲软。今天石油和半导体股票的走弱也是影响市场的负面因素。从技术上讲，主要市场指数的历史高位仍然是市场的强大阻力。然而，看涨情绪（VXX疲弱）仍然支持市场。市场正在作涨势后的整固并等待进一步的消息指引方向。对于高科技股的纳斯达克综合指数来说，它近期可能在50日移动平均线7863和历史高点8176之间交易。

。在世界贸易组织就欧盟对飞机制造商空中客车公司的补贴案提出结果之前，美国扩大了对欧盟征收关税的威胁。美国贸易代表办公室周一表示，作为长期争议的飞机补贴的一部分，它将考虑额外的89件物品的关税，年贸易价值40亿美元，包括奶酪，意大利面，苏格兰和爱尔兰威士忌。作为化学品和金属。该声明称，该公告扩大了USTR早期的威胁，现在每年的交易价值约为210亿美元被考虑加关税。 --- Zero Hedge

。由于对全球经济可能放缓的担忧超过欧佩克(OPEC)和包括俄罗斯在内的盟国将供应削减延长至明年3月的协议，周二油价下跌。 美国和中国在G20领导人峰会上同意重启贸易谈判，但6月份工厂活动在欧洲和亚洲的大部分地区都缩减，而制造业的增长在美国降温。---Reuters

 。CME比特币期货在6月26日交易的名义价值达到17亿美元，比上次创下的记录高出30％。据报道，BTC期货的未平仓合约目前为6,069份合约，这是由于机构持有所致。根据TradingView的数据，一周前，即6月21日，CME比特币期货突破10,000美元。就在此前一天，即6月20日，芝加哥商品交易所集团再次创下5,311份公开期货合约的新高，合计26,555份BTC  - 截至发稿时价值约为2.8亿美元。加密货币BTC本身的价值徘徊在10,500美元左右。比特币上周达到了13800美元的峰值，但在6月28日和6月29日在该范围内临时交易之后未能保持在12,000美元.---Zero Hedge

。花旗集团的Jim Suva表示，随着分析师研究中国需求疲软的潜在影响，苹果公司（AAPL）的一致预期可能会下降。苏瓦再次表示，由于“不太有利的品牌形象”，苹果的中国销售“可能减少一半”。苏瓦维持买入评级和205美元的目标价格，但警告未来潜在的波动.---Seeking Alpha

。波音公司（BA）遇到了另一个问题 - 这次是它的双通道787梦想飞机。 据报道，美国司法部已经传唤该飞机制造商正在调查有关787梦想飞机安全问题的调查。 据“西雅图时报”报道，司法部正在波音南卡罗来纳州的工厂寻找有关787梦想飞机制作的记录。 美国联邦航空管理局（Federal Aviation Administration）一直在调查2013年发生的两起电池过热事件，随后梦想飞机停飞了几个月。---Market Realist

。Roku（ROKU） - 加拿大皇家银行资本市场（RBC Capital Markets）的分析师将流媒体设备制造商的评级从“跑赢大盘”下调至“行业表现”，理由是“风险回报”前景不那么吸引人。分析师在一份报告中表示，“随着股票现在处于一个本质上强劲的多头......我们认为风险 - 回报不那么引人注目。” --- CNBC

。KAR拍卖服务公司（CARS）股价下跌超过4％，此前古根海姆（Guggenheim）将股票评级从“中性”下调至“卖出”，理由是“周期性逆风”和竞争加剧。 --- CNBC

。Nordstrom（JWN） - 瑞银（UBS）将Nordstrom的评级从“买入”下调至“中性”，并将其股价目标从每股65美元下调至每股33美元。分析师表示，Nordstrom的竞争地位比过去几年要弱。 Nordstrom股价下跌1％至每股31.10美元左右。 --- CNBC

Morning Market News Digest And Comment 早盘市场新闻摘要及评论

Pacific Time 8:00AM : Dow+185，  S&P 500 +25.41， Nasdaq +97.05， Russell 2000 +5.79, WTI crude oil+1.66%，Gold-1.22%， US dollar index+0.44%, 10 Year Treasury yield 2.009% +0.009

Oversea markets: Shanghai+2.22%, Japan+2.13%, Hong Kong -0.28%, Germany+1.17%, UK+1.18%, France +0.68%.

Weak sectors: GDX, GDXJ, GLD, SLV, TLT  Strong sectors: SMH, OIH, FXI, SOCL, XRT, EEM, XLY, XLF

US-China agree to restart trade negotiation, US stocks and world stocks are rising. Major US stock indexes opened up strongly and are now pulling back. S&P 500 made new high this morning at 2977.93 and has now pulled back 30% of today's rise.  Restarting trade talk does not mean trade deal is done, more turbulence may come in the future. Since the stock market has risen before the weekend trade truce news , there shouldn't be much left for the market to celebrate. US stock market pulling back is likely from here.

。President Donald Trump declared that the U.S. is winning the trade war after he reached a temporary truce with Chinese President Xi Jinping. Trump said he would hold off imposing tariffs on an another $300 billion of Chinese goods and would delay restrictions on Huawei Technologies Co., letting U.S. companies resume sales to China’s largest telecommunications equipment maker. Investors welcomed the truce and the promise of new talks, while warning that any lift in asset prices might be short-lived as the underlying conflict remains unresolved. ---Bloomberg

。Stocks rallied and bonds retreated on Monday as the United States and China agreed to restart trade talks, leading investors to cut back wagers on aggressive policy easing by the major central banks. ---Reuters

。A trade truce with the U.S. reached over the weekend makes a final trade deal no more likely, according to Zhu Ning, a Chinese academic who advises the Chinese government and central bank. He likens the dispute to conflicts in Korea or Vietnam. "It could drag on and there could be no declaration of war but the skirmishes keep going," he said on the sidelines of the World Economic Forum in Dalian on Monday.
---Wall Street Breakfast

。Russia and Saudi Arabia have agreed to extend the OPEC oil production-reduction deal by another six to nine months, Russian President Vladimir Putin said at the G-20 leaders summit in Japan on Saturday. Saudi Energy Minister Khalid al-Falih backed Putin’s comments on his own remarks offered Sunday.---Market Watch

。While Wall Street focuses on U.S.-China trade war dangers, Medley Global Advisors’ Ben Emons sees two risks making a comeback. The way the world’s affairs are shaping up, he warns Brexit fallout and the threat of U.S. tariffs on European cars could sneak up on investors in year’s second half .---CNBC

。Micron Technology (MU), Skyworks Solutions (SWKS), Broadcom(AVGO) — Chipmaker shares rose broadly after President Donald Trump and Chinese President Xi Jinping agreed the U.S. and China will not impose additional tariffs on each other’s goods. Micron and Skyworks both jumped more than 6% in the premarket, while Qualcomm gained 5.5%. ---CNBC

。Wynn Resorts (WYNN), Las Vegas Sands(LVS) — Casino stocks climbed in the premarket after the Macau gaming authority reported gambling revenues rose more than expected in June. Gross gaming revenue in Macau rose 5.9% last month, well above a StreetAccount estimate of 2.5% growth. Wynn and Las Vegas Sands rallied more than 4% each before the bell.---CNBC





太平洋时间上午8:00：道琼斯指数+ 185，标准普尔500指数+25.41，纳斯达克指数+97.05，罗素2000 +5.79，WTI原油+ 1.66％，黄金1.22％，美元指数+ 0.44％，10年期国债收益率2.009％+0.009

海外市场：上海+ 2.22％，日本+ 2.13％，香港-0.28％，德国+ 1.17％，英国+ 1.18％，法国+ 0.68％。

弱势行业：GDX，GDXJ，GLD，SLV，TLT  强势行业：SMH，OIH，FXI，SOCL，XRT，EEM，XLY，XLF

美中同意重启贸易谈判，美国股市和世界股市均在上涨。 美国主要股指大幅高开，但目前正在回落。 标准普尔500指数今早上涨至2977.93新高，现已失去今早涨幅的30％。 重启贸易谈判并不意味着贸易协议已经完成，未来可能会出现更多动荡。 由于股市在周末交易休战消息之前已经上涨了，因此市场不应该留有太多值得庆祝的事情。 美国股市从这里开始回落的机会大。



。唐纳德特朗普总统在与中国国家主席习近平达成临时休战后宣布美国正在赢得贸易战。特朗普表示，他将停止对另外3000亿美元的中国商品征收关税，并将推迟对华为技术公司的限制，让美国公司恢复向中国最大的电信设备制造商销售。投资者对新的谈判的休战和承诺表示欢迎，同时警告资产价格的任何提升都可能是短暂的，因为潜在的冲突仍未得到解决。 ---彭博

。由于美国和中国同意重启贸易谈判，导致投资者减少对主要央行积极政策宽松的投资，周一股市上涨，债券回落。 ---路透社

。根据为中国政府和中央银行提供建议的中国学者朱宁表示，在周末与美国达成的贸易协定并不表示更加容以达成最终贸易协议。他将争议比作与韩国或越南的冲突。在周一在大连举行的世界经济论坛期间表示，“它可能会拖延，而且可能没有宣战，但小冲突仍在继续。”
---Wall Street Breakfast

。俄罗斯总统弗拉基米尔普京周六在日本举行的20国集团领导人峰会上表示，俄罗斯和沙特阿拉伯已同意将石油输出国组织的减产协议再延长6至9个月。沙特能源部长哈立德·法利赫（Khalid al-Falih）周日支持普京提出的言论的评论.---Market Watch

。虽然华尔街专注于美中贸易战的危险，但Medley Global Advisors的Ben Emons认为有两种风险会卷土重来。以世界事务正在形成的情况看来，他警告投资者说英国脱欧，美国对欧洲汽车征收关税的威胁可能会在下半年悄然而来。--- CNBC

。美光科技（MU），Skyworks Solutions（SWKS），Broadcom（AVGO） - 在总统唐纳德特朗普和中国国家主席习近平同意美国和中国不会对彼此的商品征收额外关税后，芯片制造商的股价大幅上涨。美光和Skyworks均在上市前涨幅超过6％，而高通（QCOM）则上涨5.5％。 --- CNBC

。Wynn Resorts（WYNN），拉斯维加斯金沙集团（LVS） - 在澳门博彩管理机构报告6月赌博收入增长超过预期后，赌场股票在盘前上涨。上月澳门博彩总收入增长5.9％，远高于StreetAccount预计的2.5％增长。 Wynn和拉斯维加斯金沙集团在市前上涨超过4％.--- CNBC