Below you'll find a list of all posts that have been categorized as “General Commentary”
I’m just posting charts with names of markets. I cover for clients, and then some just for the sake of solving trading secrets and maybe make you, and me some money. I hope you like the research. Dow Jones futures- Many of the components of the dow futures index have hit major upside targets hit a while back in Feb, …
Live Cattle The August Live Cattle contract rallied on Monday, May 22, 2017, trading to the high of the day at 123.15, this just below resistance at the 21 DMA (123.575) and the 38.2% resistance level (123.99) of the downmove from the May 4th high (134.55) to the May 18th low (117.475). It fell back from here and ended the …
The U.S. dollar closed slightly lower on Monday while the Euro FX closed higher. U.S. equity indices were again higher. Gold continued its price recovery begun two weeks ago. Crude oil was also higher in a move that started about ten days ago. Over the last six weeks the U.S. dollar has declined by about 350 points; over the same …
Futures Day Trading Signals (Tuesday May 23, 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 : 436 1/2 …
In my opinion GOLD- Short term sell level just hit late 1262.40. This is live now, reversed down. I like less than $2 stop risk. This mkt could turn lower here for a trade. 1265-65.50 above, then over 1268.30 new buying should emerge technically. Public always seems to buy rallies. CRUDE OIL- see chart last week but resist above 51.42, …
Live Cattle The June Live Cattle contract opened at the Wednesday low (121.75) on Thursday May 18, 2017 trading to low of the day at 121.20, before grinding higher in choppy trade. It took out Wednesday’s high (123.45) and formed an outside day candle reaching a new high at 123.90. It stopped just above the 8 DMA at 123.775 and …
Rebound The equity index markets had a nice recovery on Thursday, with the Dow and S&P 500 both closing higher on the day. The market looked like it was going to have some follow through from yesterdays big downward move. Dow futures traded down to 20,474 and spent most of the morning in negative territory. Things turned around mid day …
Live Cattle The June Live Cattle contract rallied from the open on Wednesday, May 17, 2017, trading to the high of the day at 123.45. The rally came on the better than hoped for fedcattleexchange.com auction as it traded between 133.75 and 135.75. It also traded at 130.00 and 131.00 for 17 to 30 day delivery. There were 2,379 head …
Dow tumbles The Dow Jones futures closed down over 330 points from Tuesday’s close as the latest new from the Beltway gave the markets some jitters. The S&P 500 futures closed more than 40 point lower as the equities had their biggest downward move in eight months. The VIX (Volatility index reached it’s highest level since last year’s Brexit vote. …
Futures Day Trading Signals (Thursday May 18, 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 : 427 Projected …