The markets are awaiting Fridays usda acreage report. We most likely will remain quiet till that time. The funds remain long. This is a question mark. When,if they will need to liquidate. The planting intentions should be considerably higher than a year ago. Weather then will become the key component. The south American crops continue to grow in size. The weather …
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 …
Windy City Jim – Daily Trade Recommendations (3/28/2017)
Futures Day Trading Signals (Tuesday, March 28th, 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. General Comments from Jim Walters on trades for 3/27/17: Big Winner in Gold Winner in Coffee Small loss in May Beans Now stocks …
US Grain Weather Update
For the latest US Grain Weather Update, CLICK HERE. For those interested, Walsh Trading hosts a FREE Grain Outlook Webinar each Thursday at 3PM CST. We will hold our next webinar on Thursday, March 30th. REGISTER NOW. If you missed last week’s webinar, you may VIEW A RECORDING.
Livestock Report
Live Cattle April Live Cattle rallied to a new high on Friday, March 24, 2017, trading to123.20 before a late day selloff challenged support at 121.45, making the days low at 121.625. It closed near the open forming a doji candle. This indicates indecision in the market and a breakout from this candle could lead to the April contracts next …
Absolute Momentum Strategy – Weekly Snapshot
Below is a snapshot of open trade positions in the Absolute Momentum Strategy investment. The total open trade equity in the portfolio inclusive of fees and commissions as of the close of trading on Friday, March 24th, 2017 = $4,820 LAST WEEK IN TRADING Long Term Commodity Trader click to enlarge Long June Australian Dollar was entered at 0.7725 on 3/20/17. …
Walsh Weekly Grain
Soybeans won the race to the bottom in the grain market this week losing 24 cents on the week for the May 17 contract. Corn posted an 11.2 cent loss while wheat lost 12 cents. The massive South American crop production outlook and a wet outlook for the central and southern U.S. in the next few weeks are factors which …
Currency comment 3/23
Thursday saw another day of sideways drift in the currency markets. Dollar slightly higher and foreign currencies slightly lower; bonds and equity indices also soft. Initial weekly unemployment claims spiked up by 18,000 to 258,000. Claims have been climbing for the last three weeks. The retail sector of the economy has been in trouble since last year. There is increased talk the 132 …
ag commentary
The soy complex continues to erode . The beans and the meal are the down side leaders. Not much has changed in the last 24 hours.There were some beans sold to china and unknown. This export expectation is dialed into the market. Without the sales the market may begin to act more bearish. As mentioned the report on the 31st …