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 …
Walsh trading’s Weekly Grain Report
WalshWalsh Trading’s Weekly Grain Report March 3, 2017 Fund buying and the re-inflation trade dominated this week despite prominent analysts calling for larger South American grain stocks. The trade for the most part is eschewing supply/demand fundamentals as fund managers of all asset class types continue to use dips in the grain market as buying opportunities. The buying by managed …
Currency comment 3/6
A boring day in the currency market on Monday. Values traded on either side of unchanged on all of the majors. Volume of trade was light as traders sat on their hands waiting for market moving news. The big report this week will be on Friday when the Government releases the unemployment report for February. This report has become the …
Livestock Report
Live Cattle Friday’s trading action had Live Cattle trading down (low – 115.40) to test support at the 13 DMA (115.425) and recovering from there to end the week (116.025) just below resistance at the 50 DMA (116.25). With price between support and resistance, a move above the high or below the low could setup our next move. A rally …
Currency comment 3/3
Friday saw a pull back in the U.S. dollar as traders sold to take profits before the week end. Many traders prefer to be even over a week end to avoid disruptive market news. The Fed says there is a fair chance of an interest rate hike in March. U.S. treasuries saw a small bounce on Friday after a down …
Currency Comment 3/2
U.S Dollar moved to new highs for the move Thursday. The current bullish factor is the near universal expectation that the Fed will increase short term interest rates in March. It is interesting that the Fed is playing catch up to the bond market which has moved interest rates up in the last few weeks. Another factor in recent dollar …
Steps to using Retirement Funds in Managed Futures
Contrary to common belief, investing in managed futures and CTA strategies through an IRA account is actually quite simple. Since most financial institutions will not allow you to invest in futures strategies, the first step is to “roll over” some of the funds in your IRA account into a “self-directed” IRA account, held by a custodian who accepts futures accounts …