Markets have their own plan The stock market seemed to take the latest news out of D.C. in stride and continue to move higher. The S&P 500 put in a new high for the second time this week. The surprise removal of the FBI Director did not seem to have much of an effect on the markets. A rally in crude …
Daily Gold Report
Gold and Silver finished the session higher on mostly short covering during overnight trading hours. The firing of the FBI Director by the Trump administration was most likely the cause as it spread thoughts of the administration in disarray with many pundits crying foul over the timing of the decision. However gold and silver pulled back near the close to …
Windy City Jim’s – Daily Trade Recommendations (05/10/17)
Futures Day Trading Signals (Thursday May 11, 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 : July Soybeans Previous Closing Price : 970 1/4 Projected …
Currency comment 5/9
So the French election occurred on Sunday and the effect on the financial markets of the world was nothing notable. For many traders and investors the election was a “nothing burger”. Many traders had expected the election to set off fireworks in many markets: equities, FX, interest rates. However, nothing of any importance happened. The U.S. dollar has firmed slightly …
Windy City Jim’s – Daily Trade Recommendations (05/09/17)
Futures Day Trading Signals (Wednesday May 10, 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 : July Wheat Previous Closing Price : 429 1/2 …
Livestock Report
Live Cattle The June Live Cattle tested support at the 8 DMA (126.77) on Monday, May 08, 2017, gap opening lower and trading down to 126.65, before reversing course and closing the gap, rallying all the way up to 128.725; all in the first 5 minutes of trading. The June contract then broke down and made a new low at …
Daily Gold Report
Gold and Silver futures held steady following no surprises in the French Presidential election. June gold futures settled at 1227.1, up .20 cents on the day. While the Dollar received a bounce higher and equities held steady for the most part, last week’s slide in prices didn’t result in any new selling to begin the week. It maybe the calm before the storm that …
Windy City Jim’s – Daily Trade Recommendations (05/08/17)
Futures Day Trading Signals (Tuesday May 9, 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 : June Gold Previous Closing Price : 1227.70 …
Equities trade higher on good jobs data
Equities move higher The S&P 500 and Dow Jones futures both moved higher on Friday supported by a good jobs report in the morning. Sideways trading led to a rally mid day, with some follow through in the afternoon. The S&P futures flirted with the 2400 level into the close, and the Dow pushed towards 20,960. Strong jobs numbers Non …
Livestock Report
Live Cattle The stampede continues. The June Live Cattle contract made another new high for the move on Wednesday, May 3, 2017, trading up to 130.05, going limit up for the session. The limit will be expanded to 4.50 on Thursday for the Live Cattle markets. Cash continues to drive futures higher as the fedcattleexchange auction started the frenzy in …