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, …
Livestock Report
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 …
Market bounces back from biggest sell off of the year
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 …
Livestock Report
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 …
Political turmoil drags markets down
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. …
Windy City Jim’s – Daily Trade Recommendations (05/17/17)
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 …
Global Overview
Politics is the word today. The stock market is breaking on the concerns over the white house. Is this the high for a significant correction. The dollar continues to struggle over the same concerns. Lets not loose sight of the fact the dollar has rallied for a number of years. A correction has been Due. The crude continues to bounce …
Windy City Jim’s – Daily Trade Recommendations (05/16/17)
Futures Day Trading Signals (Wednesday May 17, 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 : 424 1/4 …
Livestock Report
Live Cattle The June Live Cattle broke down from the open (124.975) on Monday, May 15, 2017, trading down limit to the low of the day at 122.175. It bounced off the limit and then spent the rest of the session consolidating between 123.30 and 122.35. It ended the day near the low at 122.425. The low is near the …
Crude oil helps equities touch new highs
Production Cuts spur on Rally The U.S. stock market started trending higher right off the open following the overnight move in crude oil. OPEC production cuts were extended, with Saudi Arabia and Russia backed keeping the current levels going for another nine months. June crud oil futures were up over 180 point on their high, trading at 49.66 before selling …