Buy the rumor, sell the fact. This is age old trading wisdom. It was also on display Friday when the unemployment figures were released. The thinking was that a strong employment number would push the Fed into an interest rate increase next week. This in turn would strengthen the U.S. dollar. Well the number in new jobs reported was strong …
Livestock Levels
Live Cattle April Live Cattle opened higher on Thursday, March 9, 2017 making a new high for the week at 117.30. It opened up above the 50 DMA (116.20) and raced to the high. The market couldn’t sustain the early rally towards resistance at 117.825 failing again as sellers took control and it spent the remainder of the day grinding …
Global Overview
The US market in general continues to show signs of improvement, The jobs report adds fuel to the positive story. It appears president Trump is making good on many of his promises. This is being reflected in companies gearing up for expansion. Stocks – The stock market continues to be impressed with the dealings the administration has had. The largest …
Windy City Jim – Daily Trades 3.15.17
Futures Day Trading Signals 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 Wheat Previous Closing Price : 430 1/4 Projected Price …
Soy Complex
The usda report today was considered a bit on the bearish side. The carryover grew to 435 mil bu,uo from 420 million. The crush number was raised by 10,but the exports were cut by 25 due to the expected competiton from South America.The global carryover numbers were raised by 2.5 million tons.This puts the global stocks at 82.8 mil mt. …
BNC Results for February 2017
Below you will find the FINAL results for: FEBRUARY, 2017. If you would like more information about Bluenose Capital Management, LLC and these trading programs, please contact me directly. Bill Reavis Director of Asset Management 312-957-4731 [email protected] VIEW FULL PERFORMANCE Returns provided by: Bluenose Capital Management, LLC || [email protected] Tel. (703) 842-3323 || http://www.bluenosecap.com 405 Berry Street SE, Vienna, VA …
Currency comment 3/9
During Thursday’s session we saw the U.S. dollar, U.S. stock indicies and U.S. government debt decline. It appeared traders were clearing the table before Friday’s anticipated fireworks . With the Feb set to increase short term interest rates next week (a move that has been telegraphed to the world for weeks) there is hesitation on the part of traders to …
Livestock Report
Live Cattle April Live Cattle rallied right from the open on Wednesday, March 8, 2017 as traders were anticipating bullish action on the fedcattleexchange’s online auction. Price traded up to 117.15 ahead of the auction and then sped to the low of the day, trading down to 115.125 after a disappointing auction caused futures prices to retreat from the high. …
South American Grain Weather Update
RIGHT NOW Argentina is clear this morning. Big storms are hitting southern and eastern Mato Grosso and moderate showers are falling over northern Bahia. GFS 1-5 & 6-10 DAY LINK The midday GFS model continues to show moderate to heavy rains over the eastern half of Argentina with similar rainfall amounts and coverage when compared to the Canadian and the …
Equities lower for third consectutive session
Fairly quiet trading day in both the S&P and Dow on Wednesday. The Dow failed to get above 21,000 and spent most of the day trading near the middle of the range. Late in the day headed into the close, the Dow put in the low, then rallied a bit to close down 56 points for the day. We have …