The dollar saw a moderate rise on Wednesday on improving volume. The main factor in the rise was a report from ADP that showed new job creation in February was an astounding 298,000. This compares with the average analysts’ guess of 198,000 new jobs for February. There continues to be hesitation in adding to long dollar positions, however, if we …
The Alpha of Seasonal Commodity Trading – Managed Futures
I am not very old, but I have been trading for long enough to have my own opinion about traders and trading. We all know that it is a difficult business, earning money in these markets is very challenging and very few traders suceed in the long run. No only do traders need to have discipline and strong fundamentals, but …
Currency comment 3/7
A very dull day in the currency markets Tueday. No fresh new to move prices and traders not willing to take big positions into Friday’s unemployment report. We may see more action on pre-positioning ahead of Friday but it did not occur today.
Grain Report.
Last year at this time, we were looking at the end of the El Nino and creation of the next La Nina. Similar to 2012. And here is a list of the La Nina dates. La Niñas occurred in 1904, 1908, 1910, 1916, 1924, 1928, 1938, 1949–51,[ 1954–56, 1964, 1970–72, 1973–76, 1983–85,[ 1988–89, 1995–96, 1998–2001, 2007–08, 2010–12, and 2016–17.. Walsh Trading INC …
Dow Jones: Will March be the Start?
Dow Jones point and figure along with a month chart of the Dow Jones and what should we do now after looking at these charts. A couple of ideas for those interested. Will March be the start? dennis@walshtrading.com Regards, Dennis Eich Walsh Trading INC 312-985-0308
Livestock Report
Live Cattle Monday’s trading action had Live Cattle test Friday’s high at 116.575 and fail. The inability to move past the Friday high sent the April Live Cattle market on a grinding path lower to test the 13 (115.50) and 21 (115.175) DMAs. The April contract stopped just short of the 21 DMA with its low of 115.225 and ended …
Quiet session in indicies
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 …