The stock markets got off to a good start early this morning when the news hit that a border wall funding would not be tied to a bill to prevent a government shutdown. Those opposed to a wall would most likely oppose a bill that includes any funding for a wall. Opposition to the bill would have most likely brought …
Windy City Jim’s – Daily Trade Recommendations (4/24/17)
Futures Day Trading Signals (Monday, April 24th, 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 : 1279.40 …
Global Overview
Currencies The dollar is in a corrective mode. Both flat price and relative to the commodity based currencies. The dollar strength has been significant over the last two years. Regardless of the rhetoric the trend is up. Patience however is required. The euro is showing strength. The trend has been down. The long term scenario for the currency seems rough. …
Equity markets rally on French election results
Concerns of a Frenchxit diminished a bit following the first round of elections in France. The results have given the markets a hint that France will have a centrist President, who will look to remain in the European Union. Emmanuel Macron is coming in as a favorite over nationalist Marine Le Pen in the second round of elections on May …
Currency comment 4/24
There were fireworks galore in the financial markets on Monday. The U.S. dollar and the Japanese yen were big losers and the Euro FX was a big winner. Stock markets in the U.S. and Europe had big rallies also. Gold was heavily lower. The main driver of the big changes in values was the first round of voting in France. …
Daily Gold Report
After hitting five month highs, gold pared gains through the remainder of the week as some geo-political worries subsided. For the week gold settled just .60 cents higher with the June futures contract settling at 1289.1. Silver saw significant weakness settling below 18.00 for the first time in three weeks. Coming into the week, the long position in Silver reached …
Livestock Report
Live Cattle The June Live Cattle contract made another new high on Thursday, April 20, 2017. It traded above the 61.8% retracement level (116.56) of the move from the January 19th high (121.45) to the April 5th low (108.675), reaching 117.475 which is just below resistance at 117.825. The failure at resistance led to a collapse in price to the …
Equities jump on return of tax reform chatter
A combination of positive earnings and comments from the Treasury Secretary had the stock markets moving up again. The US Dollar showed some strength and wiped out losses from earlier in the week. Secretary Mnuchin said a tax reform package is progressing. The markets loved this and the S&P 500 had the second best day since March on the rally. …
Windy City Jim’s – Daily Trade Recommendations (4/20/17)
Futures Day Trading Signals (Wednesday, April 20th, 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 : May Oats Previous Closing Price …
Livestock Report
Live Cattle The June Live Cattle contract traded to the 61.8% retracement level (116.56) of the move from the January 19th high (121.45) to the April 5th low (108.675) on Tuesday, April 18, 2017. It peaked at 116.90 in the first 45 minutes of trading and then collapsed to the low of the day at 115.35 before spending the remainder …