Category Archive

Gold declined on Monday, its haven status overshadowed as U.S. equities climbed and the dollar firmed after weekend passage in the Senate of what’s seen as business-friendly tax changes. Gold for February delivery settled down $4.60, or 0.4 percent, at $1,277.70 per ounce. The dollar was lifted by expectations that U.S. tax cuts would boost economic growth, which could fuel inflation and …

Sunday night’s gap open in the notes and bonds was right at the bottom of recent ranges. Since market is not in a trend mode the early action turned out to be a selling excess for Monday’s range. Actually the lows traced out might turn out to be good for the whole week ahead because Sunday nights have a track …

February Live Cattle       After taking it on the chin in the final session of last week the market was left vulnerable for a follow thru. Today prices came under early pressure opening lower at 121.45 and quickly posting an extreme to 120.825. The contract did manage to claw it’s way into positive territory before stumbling to the …

I was hoping for a couple of interesting things which could affect trading and pick up the volatility this week and we certainly got them in Spades on Friday. It was almost lived up to the old adage beware what you wish for. Beside whip- sawing on the tax proposal news out of Congress the bond market rocketed up and …

February live Cattle      A rather whippy trading session played out in the cattle futures today. The three dollar plus range was the largest seen in over two weeks. The current week’s ATR is , however , relatively small measuring only .275 as compared to the 14 period reading of over 4.00. The market’s advance from the recent low …

The Jerome Powell confirmation hearing before the Senate Banking Committee has come and gone with the new chairman basically affirming the status quo. Revised GDP was adjusted higher to 3.3% this morning bringing in some selling at the long end of the curve. Since there has been a lot of hype in the financial press about a flatter yield curve …

Calm before Storm Next 10 days is now time to have alternative strategies and appropriate risk parameters always or you will get carried out and yes, the partner may get involved. US default deal looms?  People tell me I’m nuts, risk is as real as it gets, next few weeks. Markets can be subject to violent turns upon recognition of …