USDCHF Weekly MACD Trying to Positively Cross
Morning Express: March 31, 2020
U.S benchmarks surged higher yesterday and into today’s quarter-end. A largely accepted catalyst for the strength that began last week was quarterly rebalancing.
March 31, 2020
Technical Analysis Heading into Tuesday’s Open: Mar. 31, 2020
S&P500 (ES) Testing 38.2% Fib Retrace of March Crash
Options Strategies in Grain: Part 1
Soybean (ZS) Testing 3 Month Downchannel Resistance
Arabica Coffee (KC) Weekly MACD Positively Crossing
Grain Express: March 26, 2020
May corn continue to grind higher yesterday, despite news that two more ethanol plants will be closing, due to negative margins. Export sales this morning came in at a whopping 1,814,300 for old crop corn, 81% above the 4-week average.
Early Look: Thursday, March 26, 2020
Stock futures in the U.S. are pointing to a lower open as investors prepare for a historic release of weekly jobless claims which are expected at 8:30 AM. The Department of Labor last week reported the number of first-time filings for unemployment insurance spiked by 70,000 to a two-year high of 281,000.
March 26, 2020
Technical Analysis Heading into Thursday’s Open: Mar. 26, 2020
EURJPY Weekly MACD Trying to Positively Cross
Market of the Week: Japanese Yen Weakness
MLP Monthly Report: March 2020
The March MLP Monthly can be found here offering insights on MLP industry news, the asset class’s performance, yields, valuations, and fundamental drivers.
With Round the Clock News, Futures Often First to Respond
Overnight futures activity gets a bigger spotlight at times of major market volatility. Over a three-day period in March, the S&P 500 had four 5% moves outside of U.S. trading hours.
Gold (GC) Near 2020 High as Daily MACD Positively Crosses
VIX Index Declining
Markets Surge on Fed’s Decisive Action
Asian equities cheered the Fed’s decisive action to shore up the financial system’s plumbing and particularly the fixed income market by buying bonds. The general feeling among brokers yesterday mid-afternoon was that Congress is fiddling while the US economy burns.
Grain Express: March 24, 2020
Corn futures traded in a relatively tight range yesterday as the market tries to catch its breath. Does that mean the bottom is in? No. The technical failures and tails left on the chart from Thursday and Friday are still concerning.
Morning Insights: March 24, 2020
VIX (VX) Retraces More Than 50% of Surge to Record High
Morning Express: March 23, 2020
U.S benchmarks finished Friday on a very ugly note, settling below the December 2018 low, and kicked off this week by gapping lower. The S&P traded to the lowest level since the week after President Trump’s 2016 election.
Fed Doing Whatever It Takes; Congress Still Debating
Sentiment got a major boost shortly after 8:00 a.m. ET when the Federal Reserve released news on a series of new steps it will be taking to help provide support to the markets and the broader economy.
March 23, 2020
Technical Analysis Heading into Monday’s Open: Mar. 23, 2020
Wheat (ZW) Testing 50% Fib Retrace of 3 Month Slide
Arabica Coffee (KC) Daily MACD Trying to Positively Cross
Morning Express: March 19, 2020
Last week, we began saying ‘this is the panic’. Through Friday, the S&P responded to the first test of the December 2018 low by gaining as much as much as 13%. Yesterday, the S&P took out that low, but did not close below it. It has become evident since Monday that the panic is still playing out and we voiced here yesterday that we expected the market to break below 2300.