Good Day Trading community Macro- soybeans making multi year lows. Farmers long and this is going to make people think into qtr end 2 17′ as clear skies mean planting. What crop never got planted? They all did. SN- $9.07 could provide some interesting action. It’s a buy 1st time down, maybe tonight. Fundamentals bearish. How to read charts- Under …
Cattle, Hogs Action vs, NASD today pattern Bond sell #’s
I’m just posting charts with names of markets. I cover for clients, and then some just for the sake of solving trading secrets and maybe make you, and me some money. I hope you like the research. Dow Jones futures- Many of the components of the dow futures index have hit major upside targets hit a while back in Feb, …
Equities rally, shake off noise
Markets have their own plan The stock market seemed to take the latest news out of D.C. in stride and continue to move higher. The S&P 500 put in a new high for the second time this week. The surprise removal of the FBI Director did not seem to have much of an effect on the markets. A rally in crude …
Stocks rebound and inch higher ahead of jobs Data
Rally puts equities up again Equities rallied late in the session after a downward move to start the day. The Dow was dragged down on poor earnings reports, along with the slide a slide in crude oil bringing down energy producers. Crude oil hit a six month low, dropping over 250 points before the day was over. OPEC’s announced production …
Equities shake off poor GDP , close with best week of the year
The day started off with a poor GDP, but the stock index markets were still able to close the week higher. The U.S. Economy grew at a 0.7 % pace the first quarter. This is a decline form the 2.1% level we saw to end 2016, and lower than the consensus 1.0% forecast. It was also the slowest pace in …
Markets surge for second consecutive day
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 …
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 …
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. …
Disappointing earnings lead equities lower
The U.S. stock market followed the lead of European markets on Tuesday and headed lower. The move in Europe started after UK Prime Minister Theresa May surprised everyone by calling for early elections in June. The Prime Minister is looking for a unified front ahead of the Brexit process. The Pound surged as the US Dollar tumbled on the news. …
Equities settle down, return to positive territory
A little less bumpy After Wednesday’s wild ride, the equity futures traded with a little less volatility and closed higher on the day. The market moved steadily higher off the open, with small retracements through out the day. Gone from today’s session were the blurbs and headlines that had Wednesday’s trading flying around. A better than expected ADP Employment report …