Will We Get a Black Marubozu Candle Today?
Charts Today: Market Sentiment Fairly Neutral
Grain Express: July 9, 2020
The market seems to be holding ground near our pivot pocket, 900-904 ¼, a positive sign for the Bull camp. Resistance remains intact at 913 ½.
EURUSD Bouncing Off 38.2% Fib Retrace Of March Slide
A Depreciation Factor at Work Following the Appreciation
In the last five trading sessions, the S&P 500 has increased 5.7%, the Nasdaq Composite has increased 6.9%, Amazon.com (AMZN) has increased 13.5%, and Tesla (TSLA) has increased, uh, 42.9%. Those are some specific references to a stock market that is overbought on a short-term basis and due for a period of consolidation.
VIX (VX) Retesting 61.8% Fib Retrace of March Surge
U.S. & Asian Markets Rally
Doomsday Prepping for the Next Six Months
Gold, Silver and Palladium Commentary: July 1, 2020
Charts Today: Markets Up Heading into US Holiday
EURJPY Bounces Off 50% Fib Retrace of May-June Rally
30 Years of The Two-Year Note
A Fickle Futures Market Reacts to Econ and Vaccine News
We have come to loathe the effort to divine what the futures market is thinking ahead of the open. The reason being is that we try to assign macro meaning to a micro indication that is as fickle as they come. In other words, it becomes an exercise in over-analysis.
Grain Express: June 30, 2020
Corn futures rallied hard yesterday, erasing losses from the back half of last week’s trade, that momentum has carried over into the early morning trade. This momentum comes on the back of short covering ahead of today’s USDA report, out at 11:00am CT.
June 30, 2020
Technical Analysis Heading into Tuesday’s Open: June 30, 2020
Indeterminate Feel Before the Open
It has been a terrific quarter of returns alright. Entering today, the Nasdaq is up 28.2%, the Russell 2000 is up 23.3%, the S&P Midcap 400 is up 21.9%, the S&P 500 is up 18.1%, and the Dow Jones Industrial Average is up 16.8%.
VIX (VX) Retesting 50% Fib Retrace of March Surge
Looking for the Next Wave Up in Gold
Charts Today: Markets Hold Steady, US NatGas Tumbles
Cocoa (CC) Breaks 3 Week Downchannel Resistance
SSFs Provide Means to Trade Big Consumer Plays Versus the Index
Two of the Single Stock Futures launched on 15 June are based on two of ASEAN’s biggest non-cyclical consumer stocks – Wilmar Int and Thai Beverage. With sector-specific drivers among other factors, the two stocks outpaced Singapore Indices over the past five sessions.