Midday Market Minute May 18, 2022
The Rebound Erodes with Corporate Profits
U.S. equity benchmarks are slipping from yesterday’s exuberant closing levels. There was a sense of negativity ahead of Fed Chair Powell’s afternoon comments, that he would squash the rally.
Markets Weaker On Increasing Inflation
VIX (VX) Testing 61.8% Fib Retrace of Apr-May Bounce
Midday Market Minute May 16, 2022
Here is the Window; Risk is to the Upside
Stocks were overdue for a bounce. That began in the final minutes Thursday and played out through much of Friday.
Wheat (ZW) Weekly Chart Bull Flag Extends on WASDE
Midday Market Minute May 13, 2022
Midday Market Minute May 12, 2022
GBPAUD Weekly MACD Trying to Positively Cross
Midday Market Minute May 10, 2022
When Does The Carnage End?
E-mini S&P (June) / NQ (June) S&P, yesterday’s close: Settled at 3987.50, down 132.00 NQ, yesterday’s close: Settled at 12,193.75, down 502.00 Fundamentals: The carnage across risk assets resumed Monday. The S&P covered the gap associated with its April 1, 2021 breakout, settling with “3” handle, and the NQ traded to an 18-month low. The … Continue reading When Does The Carnage End?
Amid Global Volatility, SGX’s CNH And INR Futures Posted Record Trading Volumes In April
Wheat (ZW) Weekly Chart Bull Flag Consolidation Near Complete
Wheat (ZW)’s Bull Flag consolidation (or daily chart triangle) since early March is in its advanced stages, with ZW nearing the April high. Any break above the daily chart triangle resistance and April high will likely have to wait until after the highly anticipated May 12th WASDE release. Despite the higher odds for the WASDE to … Continue reading Wheat (ZW) Weekly Chart Bull Flag Consolidation Near Complete
Chart Advisor: Pain at the Pump
Your Roadmap to Jobs Friday
Nonfarm Payrolls for April are due at 7:30 am CT and 391k jobs are expected to have been added, a drop from 431k in March.
AUDUSD Bounces Off Just Above Key 0.70 Level
Midday Market Minute May 4, 2022
Fed Day and Inflation
It is Fed Day and whether the central bank wants to admit it or not, they are watching the stock market.