Gold prices drifted lower in afternoon trading as equities traded significantly higher. A higher greenback today dulled gold’s appeal as comments from Fed governor Fisher pointed to two more rate hikes in 2017. The comments at least for today soothed investor fears over a lame duck Trump Presidency as failure to repeal and replace Obamacare created some nervousness in the …
Turn around Tuesday
Moving on up The equities rebounded nicely on Tuesday, getting back Monday’s losses and had the futures finishing the day +.62% . The 131 point gain in Dow futures had the index trading above where the market closed last week. The market appeared to be led by the banking and energy sectors. Dow futures started moving higher right off the …
Currency comment 3/28
In classic fashion we saw “Turn around Tuesday” today. All of the losses in U.S. financial assets seen Monday were made up by strong rallies Tuesday. The dollar and stock indexes rallied while bonds dropped. The cause for Monday’s drop was political and the cause of Tuesday’s rally was also political. Traders who worried that the failure to change Obamacare …
Windy City Jim – Daily Trade Recommendations (3/29/2017)
Futures Day Trading Signals (Wednesday, March 29th, 2017) 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 Soybeans Previous Closing Price : 972 …
Equities rally, but continue downward trend
Six Year Dip The Dow closed lower on Monday, the eighth session in a row with a lower close. That is the longest losing streak since 2011. The index was able to rally and close down 58 points, after being down nearly 200 points to start the day. Concerns Remain Friday’s pull of the health care bill, sent some jitters …
Currency comment 3/27
The U.S. dollar came under selling pressure on Monday. Foreign currencies were strongly higher with the Euro currency the strongest. Stock indices also saw considerable selling pressure in early trading but closed only moderately lower; bonds were higher. Selling of U.S. assets was tied to investor worries that the new administration had been weakened by the failure to pass a …
Windy City Jim – Daily Trade Recommendations (3/28/2017)
Futures Day Trading Signals (Tuesday, March 28th, 2017) 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. General Comments from Jim Walters on trades for 3/27/17: Big Winner in Gold Winner in Coffee Small loss in May Beans Now stocks …
Livestock Report
Live Cattle April Live Cattle rallied to a new high on Friday, March 24, 2017, trading to123.20 before a late day selloff challenged support at 121.45, making the days low at 121.625. It closed near the open forming a doji candle. This indicates indecision in the market and a breakout from this candle could lead to the April contracts next …
Absolute Momentum Strategy – Weekly Snapshot
Below is a snapshot of open trade positions in the Absolute Momentum Strategy investment. The total open trade equity in the portfolio inclusive of fees and commissions as of the close of trading on Friday, March 24th, 2017 = $4,820 LAST WEEK IN TRADING Long Term Commodity Trader click to enlarge Long June Australian Dollar was entered at 0.7725 on 3/20/17. …
Walsh Weekly Grain
Soybeans won the race to the bottom in the grain market this week losing 24 cents on the week for the May 17 contract. Corn posted an 11.2 cent loss while wheat lost 12 cents. The massive South American crop production outlook and a wet outlook for the central and southern U.S. in the next few weeks are factors which …