Live Cattle April Live Cattle started the week on a sour note, selling off on Monday and Tuesday (making the low on Tuesday), before recovering and rallying the remainder of the week. The rally sent price past resistance at 117.825 and towards weekly trendline resistance at 118.70. The high was 118.25 and trade couldn’t overcome resistance as it dropped below …
Jobs data delivers
Economy Continues to Show Strength Non Farm Payrolls came in at a solid 235,000, verse expectations around 200,000 for February. The unemployment rate held steady at 4.7% The equities seemed to initially like the news, but then sold off to negative levels s on the day. Sideways trading dictated most of the day, in a fairly tame session. A rally …
Walsh Trading’s Weekly Grain Report
March 10, 2017 It was a grind lower for corn, wheat, and soybeans this week due to profit taking and long liquidation ahead of the March 9th WASDE report from the USDA. Beans lost 31 cents for the week; Corn lost 16.6 cents while Wheat posted a 13 cent loss for the week. The monthly USDA report had corn ending …
Currency comment 3/10
Buy the rumor, sell the fact. This is age old trading wisdom. It was also on display Friday when the unemployment figures were released. The thinking was that a strong employment number would push the Fed into an interest rate increase next week. This in turn would strengthen the U.S. dollar. Well the number in new jobs reported was strong …
Livestock Levels
Live Cattle April Live Cattle opened higher on Thursday, March 9, 2017 making a new high for the week at 117.30. It opened up above the 50 DMA (116.20) and raced to the high. The market couldn’t sustain the early rally towards resistance at 117.825 failing again as sellers took control and it spent the remainder of the day grinding …
Global Overview
The US market in general continues to show signs of improvement, The jobs report adds fuel to the positive story. It appears president Trump is making good on many of his promises. This is being reflected in companies gearing up for expansion. Stocks – The stock market continues to be impressed with the dealings the administration has had. The largest …
Windy City Jim – Daily Trades 3.15.17
Futures Day Trading Signals Author: Windy City Jim 312-948-9456 NEVER RISK MORE THAN YOU CAN AFFORD TO LOSE. CALL FOR RECOMMENDATIONS ON PROTECTIVE STOPS. SEE FULL DISCLAIM ON FUTURES TRADING AT THE BOTTOM. WE ONLY ENTER THE MARKET IF THE PRICE HITS THE BUY OR SELL POINT BUY SIGNAL Commodity : May Wheat Previous Closing Price : 430 1/4 Projected Price …
Soy Complex
The usda report today was considered a bit on the bearish side. The carryover grew to 435 mil bu,uo from 420 million. The crush number was raised by 10,but the exports were cut by 25 due to the expected competiton from South America.The global carryover numbers were raised by 2.5 million tons.This puts the global stocks at 82.8 mil mt. …
BNC Results for February 2017
Below you will find the FINAL results for: FEBRUARY, 2017. If you would like more information about Bluenose Capital Management, LLC and these trading programs, please contact me directly. Bill Reavis Director of Asset Management 312-957-4731 [email protected] VIEW FULL PERFORMANCE Returns provided by: Bluenose Capital Management, LLC || [email protected] Tel. (703) 842-3323 || http://www.bluenosecap.com 405 Berry Street SE, Vienna, VA …
Currency comment 3/9
During Thursday’s session we saw the U.S. dollar, U.S. stock indicies and U.S. government debt decline. It appeared traders were clearing the table before Friday’s anticipated fireworks . With the Feb set to increase short term interest rates next week (a move that has been telegraphed to the world for weeks) there is hesitation on the part of traders to …