Market Overview - U.S. stock futures are indicating a downward trend due to renewed trade tensions between the U.S. and China, impacting investor sentiment [1] - S&P 500 futures are down approximately 0.9%, Nasdaq 100 futures have fallen around 1.1% to 1.2%, and Dow Jones Industrial Average futures are showing a decrease of about 0.7% to 0.6% [2] - The main U.S. stock market index, the US500, fell to 6583 points on October 14, 2025, losing 1.08% from the previous session, though it remains 13.20% higher than a year ago [4] Commodity Market Movements - Gold futures are up 0.5% at $4,150 an ounce, having reached a record high of $4,190 earlier [3] - WTI crude oil futures have decreased by 2.3% to $58.15 a barrel due to concerns over global demand linked to U.S.-China relations [3] - Bitcoin is trading around $111,000, down from nearly $116,000, contributing to a $150 billion drop in the crypto market [3] Earnings Season and Corporate Performance - The third-quarter earnings season officially begins, with major Wall Street banks reporting results [5] - JPMorgan Chase has raised its guidance for full-year net interest income and introduced guidance for 2026 [8] - Goldman Sachs' stock dipped 2.1% after Q3 expenses exceeded analyst estimates [8] - Wells Fargo shares are up 3% and Citigroup up 1% in premarket trading ahead of their Q3 earnings reports [8] - Johnson & Johnson's stock is heading for a record high after beating quarterly earnings expectations [8] Economic Data and Federal Reserve Insights - The ongoing government shutdown has delayed the release of critical U.S. economic data, increasing focus on Federal Reserve speakers for monetary policy signals [7] - The CME Group's FedWatch tool indicates a 97.8% likelihood of the Federal Reserve cutting interest rates in its October meeting [9] Individual Stock Developments - Broadcom shares are down about 2% in premarket trading after a nearly 10% surge on Monday due to a partnership with OpenAI [14] - Nvidia shares are falling between 2% and 4% in premarket trading, despite a 35% increase over the past year [14] - Tesla's stock has surged approximately 44.6% since last month, opening at $435.90 with a market cap of $1.45 trillion [14] - Apple achieved its strongest Q3 performance ever, with iPhone shipments growing 4% and securing an 18% market share in the global smartphone market [14] - Alphabet plans to invest approximately $15 billion in AI infrastructure in India over the next five years [14] - General Motors shares fell about 2% after announcing a $1.6 billion charge related to electric vehicles [14]

8am: A slight rebound was on the cards for Wall Street equities on Wednesday, while the dollar rose close to a two month high and Federal Reserve meeting minutes took on newfound importance. Dow Jones futures were up 0.2%, while S&P 500 and Nasdaq 100 futures were slightly lagging, up around 0.1% The previous session saw sellers outnumber buyers, reversing a positive start that saw new intraday records set, as the negative momentum was set by the tech-heavy Nasdaq's 0.7% decline, while the S&P dropped 0.4% ...

Market Overview - Wall Street is experiencing a sell-off across most sectors as investors anticipate a quarter-point interest-rate cut [1][2] - The Dow Jones Industrial Average decreased by 112 points, or 0.4%, while the S&P 500 fell by 0.1% [2] Sector Performance - The Nasdaq Composite showed volatility, fluctuating between positive and negative territory, primarily supported by major tech companies such as Tesla, Amazon, Apple, and Meta Platforms [2] - Energy and consumer discretionary sectors were among the few gaining in the S&P 500, with WTI crude oil futures rising by 1.4% [2] - Utilities and real estate sectors were identified as the biggest laggards in the market [2]

Core Viewpoint - The analysis focuses on the performance and trading patterns of crude oil futures, particularly the United States Oil Fund ETF (USO), highlighting its recent underperformance and potential bullish signals. Group 1: Performance Analysis - The USO has underperformed the benchmark since late June [3] - A recent 15% correction from the peak during the Middle East crisis has occurred, with $64 acting as a significant support level [5] - The ETF is currently trading in the middle of the new July 6-month calendar range, which aligns with the 200-day moving average [3] Group 2: Technical Indicators - The momentum remains in a bullish divergence to price, indicating potential upward movement [3] - The ETF is above the 50-day moving average, with the 200-day moving average around $66.20 [4] - A move above the July calendar range high would be considered very bullish [3] Group 3: Trading Strategy - The safest trade is identified as one that clears the $68 level [5] - Holding above the $64 support level is seen as favorable for future performance [5]