Ag Markets, At an Inflection Ahead of Planting
Yesterday’s weekly export inspections came in at 1.636mmt, a marketing year high. Planting is getting underway in the U.S., Texas is estimated to be 3% planted, 4% behind the five-year average pace.
March 2, 2021
Technical Analysis Heading into Tuesday’s Open: March 2, 2021
Gold/Silver: The Commodities You Cannot Ignore
The Pain Threshold Has Been Tapped
The pain threshold has been tapped and U.S. benchmarks are taking it in stride. The move in rates, particularly the 10-year Treasury Note out above 1.5%, has weighed heavily on risk-assets this week.
Cocoa (CC) Extends Weekly Chart Upchannel
Bond Yields Rocket
USDJPY Bounces Off Key 105 Level
The Resistance that Defines the Week
U.S. benchmarks rebounded from yesterday’s early bloodbath and the S&P finished positive. In fact, most sectors, led by Energy and Communication Services, gained ground.
Silver (SI) Trying to Complete Consolidation Since August
The Inflection Point has Arrived
Tech is getting slammed again. Yesterday, the NQ lost 2.5% and the added selling overnight is dragging the risk-environment lower. We have hammered home the rising rate narrative and how a high velocity move in the 10-year Treasury above 1.25% will tap a pain threshold at 1.50%.
February 23, 2021
Technical Analysis Heading into Tuesday’s Open: February 23, 2021
Nasdaq100 (NQ) Weekly MACD Trying to Negatively Cross
Gold/Silver: Key Levels and Other Inflating Commodities
Soybean (ZS) Month Plus Triangle Nearing Completion
Lines Are Drawn, Fundamentally & Technically
U.S. benchmarks are set to open higher after staving off waves of selling early last night. Still, U.S. Dollar denominated assets initially plunged early last night.
USDA Outlook Forum
The USDA outlook forum is officially underway and will garner more attention than usual. The USDA expects 92 million acres of corn to be planted this year.
USDCHF Retesting Key .9 Level
A Near-Term Inflection Point, Here is Why
U.S. benchmarks erased their holiday session gains early yesterday and battled at unchanged before finishing slightly lower. Only halfway through the month and even after yesterday’s soft tape, the S&P and NQ are up 6% and 6.6%, respectively.
The Big (Equity) Splurge
February 17, 2021
Technical Analysis Heading into Wednesday’s Open: February 17, 2021
Corn (ZC) Weekly Chart Doji Rejected @ Upchannel Resistance
Recessions Are Cancelled!
Business cycle has long been at the very core of a widely accepted understanding of how modern economies operate. The cycle of expansion and recession is the closest macroeconomics gets to its version of the laws of planetary motion.