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Showing Posts 51 - 60 out of 181 found.

February Lean Hog Futures: Trading Idea November 18, 2014

February Lean Hog Futures a Buying Opportunity on More Price Strength See on the daily bar chart for February lean hog futures that prices are in a steep short-term uptrend and have just hit a five-week high. The bulls have upside technical momentum. A move above resistance at Monday’s high of $93.12 would become a buying opportunity. The upside price objective would be $100.00 or above....

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BRICs and Emerging Markets are underperforming.

iShares MSCI BRIC Fund (BKF) Relative Strength Ratio (BKF/SPY) broke down below its lows of the previous 8 months on 11/17/14, thereby reconfirming its preexisting systematically bearish trend. Emerging Markets Stocks ETF (EEM) Relative Strength Ratio (EEM/SPY) broke down below its lows of the previous 9 years on 11/17/14, thereby reconfirming its preexisting systematically bearish trend. ...

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Upbeat News from Asia and Europe Tuesday

* Latest Market Developments * In overnight news, European stock markets and the Euro currency rallied due in part to an upbeat German ZEW economic expectations index for November that handily beat market expectations. The index was forecast to come in at 0.9 but posted a reading of 11.5. In October the ZEW index came in at -3.6. European equities also saw buying support after European...

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Natural Gas Pops Amid Cold Weather

ENERGIES: January Nymex crude oil closed down $0.31 at $75.51 today. Prices closed near mid-range. Prices Friday hit a contract and three-year low. The crude oil bears have the strong near-term technical advantage. The next near-term upside price breakout objective for the crude oil bulls is producing a close above solid chart resistance at $80.00 a barrel. The next near-term downside price...

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Stick With The Trend

Stick With The Trend

Well, first let me say Japan slipping back into recession does not appear (at the moment) to be a major upset for the market. Japan unexpectedly sank into a recession last quarter as the world’s third-largest economy struggled to shake off the impact of an April sales-tax boost I find the market movement today quite interesting, as the above, coupled with China’s economic slowdown and the...

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US-Dollar Index Approaching Key Resistance

US-Dollar Index Approaching Key Resistance

The US-Dollar Index has surged over the past several weeks because the US Dollar has appreciated against most of the other major global currencies.  The US-Dollar Index is a basket of the six major world currencies, which are weighted against the US Dollar.  The monthly continuation chart of the US-Dollar Index below shows that price action has been in an uptrend for the better part of the...

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Corn Rally Stalls Short of $4

Corn Rally Stalls Short of $4

The commercial-trader category in the corn market has performed exactly as expected this year. This has revealed both the strengths and weaknesses of commercial traders. Commercial traders are mean-reversion traders. They initiate positions when the markets have moved towards valuations that call them to action. Once the market moves back inside its predicted value envelope, the trade...

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Searching For Lindsay’s Right Shoulder

Searching For Lindsay’s Right Shoulder

With the October rally exceeding the September high, we find ourselves once again searching for the right shoulder high that will mark the end of the bull market. The rally from the end of the Sideways Movement on 11/25/11 terminated at the July high earlier this year when, after 964 calendar days, the Dow dropped 770 points, marking the end of the longest of Lindsay’s standard time spans....

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2015 Is Coming, Where Will The Market Go

2015 Is Coming, Where Will The Market Go

November and December are usually pretty good months for the equity markets. Thanksgiving gives the market a boost, and there is normally a “Santa Claus” rally to carry into the end of the year. But there are only 30 trading days left until 2015. What's likely to happen in the rest of 2014? Our best guess: nothing much. Back in the spring, we calculated the top for this year would come in...

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March ICE Cotton Futures: Trading Idea November 17, 2014

March ICE Cotton Futures a Selling Opportunity on More Price Weakness See on the daily bar chart for March cotton futures that prices last Thursday hit a contract low and have also seen a bearish downside “breakout” from a sideways trading range at lower price levels. This suggests more downside to come. A move in prices below solid chart support at Thursday’s contract low of 58.57 cents...

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