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 …
Equities lower for third consectutive session
Fairly quiet trading day in both the S&P and Dow on Wednesday. The Dow failed to get above 21,000 and spent most of the day trading near the middle of the range. Late in the day headed into the close, the Dow put in the low, then rallied a bit to close down 56 points for the day. We have …
Grain Short Report
Today the grains were weak as were most of the commodities. . The bases in the grains should begin to decline as a weather premium begins. This usually occurs once the crop has been planted. The supplies look plentiful worldwide. And if the weather is good for the growing season the grain supplies should be plentiful in America as well …
Currency comment 3/8
The dollar saw a moderate rise on Wednesday on improving volume. The main factor in the rise was a report from ADP that showed new job creation in February was an astounding 298,000. This compares with the average analysts’ guess of 198,000 new jobs for February. There continues to be hesitation in adding to long dollar positions, however, if we …
The Alpha of Seasonal Commodity Trading – Managed Futures
I am not very old, but I have been trading for long enough to have my own opinion about traders and trading. We all know that it is a difficult business, earning money in these markets is very challenging and very few traders suceed in the long run. No only do traders need to have discipline and strong fundamentals, but …
Currency comment 3/7
A very dull day in the currency markets Tueday. No fresh new to move prices and traders not willing to take big positions into Friday’s unemployment report. We may see more action on pre-positioning ahead of Friday but it did not occur today.
Grain Report.
Last year at this time, we were looking at the end of the El Nino and creation of the next La Nina. Similar to 2012. And here is a list of the La Nina dates. La Niñas occurred in 1904, 1908, 1910, 1916, 1924, 1928, 1938, 1949–51,[ 1954–56, 1964, 1970–72, 1973–76, 1983–85,[ 1988–89, 1995–96, 1998–2001, 2007–08, 2010–12, and 2016–17.. Walsh Trading INC …
Dow Jones: Will March be the Start?
Dow Jones point and figure along with a month chart of the Dow Jones and what should we do now after looking at these charts. A couple of ideas for those interested. Will March be the start? dennis@walshtrading.com Regards, Dennis Eich Walsh Trading INC 312-985-0308
Livestock Report
Live Cattle Monday’s trading action had Live Cattle test Friday’s high at 116.575 and fail. The inability to move past the Friday high sent the April Live Cattle market on a grinding path lower to test the 13 (115.50) and 21 (115.175) DMAs. The April contract stopped just short of the 21 DMA with its low of 115.225 and ended …
Quiet session in indicies
Tight Ranges rule the day Both the S&P and Dow had relatively quiet sessions on Monday. We saw consolidated trading through out most of the day. The Dow closed -25 at 20956, with only an eighty-six point range in the futures. The S&P 500 was fairly quiet as well, closing -5.75 on the day 2375.50, towards the middle of its …