Cabrera Capital Intraday Update

Charts, Commentary, News, Stocks

European shares edged higher after languishing throughout much of the day, as optimism on trade and Brexit waned. The U.K. government threatened to abandon efforts to pass a Brexit deal and move straight to fresh elections if lawmakers don’t support a fast-track timetable for the plan. Later  there was a Financial Times report that said UK’s PM Johnson is ready to accept a 10 day Brexit delay.  Oil prices supported gains in the energy sector amid a report that OPEC may consider deeper output cuts at a meeting in December.

Energy and Banks are outperforming today led by S&P Oil and Gas Equipment and Services ETF (XES +2.45%).

Bank sector ETF (KBE) is up .9% and inching above a short term trend line. Insurance and Technology underperforming (KIE -0.97%)

David Wienke

Cabrera Capital Markets, LLC

10 South LaSalle, Suite 1050

Chicago, IL 60603

Direct: (312) 931-6670

Trading: (312) 236-8907

Main: (312) 236-8888

Fax: (312) 236-8936

As always, please use protective buy and sell stops when trading futures and options.

Disclaimer: Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. Any decision to purchase or sell as a result of the opinions expressed in the forum will be the full responsibility of the person(s) authorizing such transaction(s). BE ADVISED TO ALWAYS USE PROTECTIVE STOP LOSSES AND ALLOW FOR SLIPPAGE TO MANAGE YOUR TRADE(S) AS AN INVESTOR COULD LOSE ALL OR MORE THAN THEIR INITIAL INVESTMENT. PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS.

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