The dollar continued to rally Thursday. This was the third day of rally in the dollar after the heavy selling seen on Monday. The Euro currency was down heavily. The British pound was up moderately as traders reacted bullishly to the filing of Article 50 by PM May on Wednesday. U.S. equity indices were higher; bonds were lower. Investors are cautiously bullish …
Sideways trading dominates the day
One step forward, two steps back Dow futures closed down 36 points Wednesday, after a quiet consolidated session. The futures were limited to a 100 point range, with most of that taking place in overnight trading. The day session saw a lot of back and forth trading, staying in an even tighter range of 60 points for the entire day. …
Windy City Jim – Daily Trade Recommendations (3.29.2017)
Futures Day Trading Signals (Thursday, March 30th, 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 Sugar Previous Closing Price : 1712 …
Livestock Report
Live Cattle The June contract broke down yesterday (Monday, March 27, 2017) trading down and almost making new low from the March 22nd anchor candle. The anchor candle is the large bullish breakout solid green candle that price has just retraced all the way to the candle low. Today’s trade took price to the candle’s low (111.25) a couple of …
Walsh Daily Gold
Gold prices drifted lower in afternoon trading as equities traded significantly higher. A higher greenback today dulled gold’s appeal as comments from Fed governor Fisher pointed to two more rate hikes in 2017. The comments at least for today soothed investor fears over a lame duck Trump Presidency as failure to repeal and replace Obamacare created some nervousness in the …
Turn around Tuesday
Moving on up The equities rebounded nicely on Tuesday, getting back Monday’s losses and had the futures finishing the day +.62% . The 131 point gain in Dow futures had the index trading above where the market closed last week. The market appeared to be led by the banking and energy sectors. Dow futures started moving higher right off the …
Currency comment 3/28
In classic fashion we saw “Turn around Tuesday” today. All of the losses in U.S. financial assets seen Monday were made up by strong rallies Tuesday. The dollar and stock indexes rallied while bonds dropped. The cause for Monday’s drop was political and the cause of Tuesday’s rally was also political. Traders who worried that the failure to change Obamacare …
Windy City Jim – Daily Trade Recommendations (3/29/2017)
Futures Day Trading Signals (Wednesday, March 29th, 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 Soybeans Previous Closing Price : 972 …
Equities rally, but continue downward trend
Six Year Dip The Dow closed lower on Monday, the eighth session in a row with a lower close. That is the longest losing streak since 2011. The index was able to rally and close down 58 points, after being down nearly 200 points to start the day. Concerns Remain Friday’s pull of the health care bill, sent some jitters …
Currency comment 3/27
The U.S. dollar came under selling pressure on Monday. Foreign currencies were strongly higher with the Euro currency the strongest. Stock indices also saw considerable selling pressure in early trading but closed only moderately lower; bonds were higher. Selling of U.S. assets was tied to investor worries that the new administration had been weakened by the failure to pass a …