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 …
Windy City Jim’s – Daily Trade Recommendations (05/02/17)
Futures Day Trading Signals (Wednesday, May 3rd, 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 …
Stocks rebound and inch higher ahead of jobs Data
Rally puts equities up again Equities rallied late in the session after a downward move to start the day. The Dow was dragged down on poor earnings reports, along with the slide a slide in crude oil bringing down energy producers. Crude oil hit a six month low, dropping over 250 points before the day was over. OPEC’s announced production …
Livestock Report
Live Cattle The June Live Cattle contract made another new high for the move on Monday, May 1, 2017, trading up to 125.325 before breaking down and trading to the low of the day at 123.65. A late day rally took price above 124.00 and it ended the session at 124.30. It settled at 124.125. Today’s trade formed a Spinning …
Windy City Jim’s – Daily Trade Recommendations (05/01/17)
Futures Day Trading Signals (Tuesday, May 2nd, 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 : …
Currency comment 5/1
The currency markets were quiet again Monday. Currency values have been moving sideways for the last week since the French first round voting saw the establishment candidates vanquished. The biggest feature in financial markets over the last week has been the weakness in the gold market. The value of gold has declined over forty dollars over the last seven days. Two …
Equities shake off poor GDP , close with best week of the year
The day started off with a poor GDP, but the stock index markets were still able to close the week higher. The U.S. Economy grew at a 0.7 % pace the first quarter. This is a decline form the 2.1% level we saw to end 2016, and lower than the consensus 1.0% forecast. It was also the slowest pace in …
Weekly Gold Report
Gold prices fell this week but managed to hold and settle above the key 200 day moving average. Geo-political uncertainties were one of the reasons that prices didn’t slip much further along with a slightly weaker reading on first quarter GDP released this morning. While June gold posted modest losses of $20.80 for the week, Silver was the big loser posting …
Livestock Report
Live Cattle The June Live Cattle contract made another limit up move on Thursday, April 27, 2017, trading past and closing (121.525) just above resistance at the January 19th high (121.45). It also closed solidly above trendline resistance (119.20). This trendline now becomes support, and the trendline is moving downward so for Friday’s trade support will be at 119.125. Resistance …