Notes and Bonds Start the Week Drifting In same Range

James Barrett General Commentary Leave a Comment

A couple of interesting things which may affect trading and pick up some volatility are the Jerome Powell confirmation hearing before the Senate Banking Committee on Tuesday and Janet Yellen’s last appearance before the Joint  Economic Committee on Wednesday. On Thursday inflation data will be released around the world beginning in Asia with the Chinese PMI and then European and …

Ag Commentary

John Walsh Grains Leave a Comment

The market started higher today. Then sold off quietly throughout the day. The only question that needs to be answered regarding the soy complex is related to South American weather. A timely rain event in Arg, and Brazil and the crops are off to fantastic starts. A bit of dryness and the drought fantasies will come out. This could fuel a …

Follow the Yellow Brick Road: Gold Futures

John Lunney General Commentary Leave a Comment

December Gold Futures      While some may have gravitated to the kitchen to bask in the aromas of the upcoming feast or perhaps laid early claim to their spot in front of the TV, I spent the better part of my Holiday morning pouring over gold future price charts. The structural evidence to me suggests that the advance from …

Daily Gold Report

Sean Lusk General Commentary Leave a Comment

Since last weeks surge higher, gold and silver have been on a roller coaster ride this week. Mondays trade saw all the previous weeks gains whisked away only to see both markets rally back near the prior weeks highs by the close today. While equities remain bid, it has been the sell-off in the Dollar that has been the main …

Ag

John Walsh Grains Leave a Comment

The Seasonal Rally doesn’t disappoint    We rolled higher led by beans and meal. Oil share taking a pounding yet again. As I have said , we are entering a buy period as harvest is coming to a close. And, the market now looks to South America for production. I have essentially written the same article with different thoughts and words for a couple …

PER-THANKSGIVING Chart Outlook

Alan Palmer Currencies, Energy, General Commentary, Grains, Livestock Leave a Comment

Let’s give Thanks, confidence in System? Change, FRB Yellens’ natives getting restless? Yield curve flattens. 2 year i rate closer to tens before yearend, .60-ish Is this this markets players ready to blow or maybe flip, long bonds like in Summer 2016 at highs?  My diary had a $40.5bil player flip long at those 2.08% all time lows in rates …

Livestock Report

Ben DiCostanzo General Commentary, Livestock Leave a Comment

Live Cattle The February Live Cattle contract held the 123.125 support level Tuesday morning making the low of the day at 122.75. A strong rally followed from the low with price trading past the 124.75 resistance level. It made the high at 124.875. It pulled back from there and ended the session in the middle of the range at 124.00. …

Sea Legs: February Live Cattle

John Lunney General Commentary Leave a Comment

February Live Cattle      The February Live cattle futures managed a modest recovery in today’s action. Early week lows came in around the .382 retracement of the entire move and the .786 from the inner fourth wave extreme. This was touched upon in yesterday’s post. Also of note was the momentum divergence apparent in the smaller time-frame price charts. …

Flattening Trend Controlling Trading

James Barrett General Commentary Leave a Comment

The bond market continues to stymie the bears who are adamant that the stage is set for a normalization of the interest rate structure (shift upward) as QE wind down commences and looming tax cuts are set to raise deficits significantly. The Feds are on track to raise short rates next month and possibly another three times in 2018 but …