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Trading Commentaries

Showing Posts 81 - 90 out of 182 found.

Soft Commodity Markets a Mixed Bag at Present

SOFTS: October sugar closed down 11 points at 15.91 cents today. Prices closed near mid-range and hit a 6.5-month low today. Sugar bears have the solid overall near-term technical advantage as a seven-week-old downtrend is in place on the daily bar chart. Bulls' next upside price breakout objective is to push and close prices above solid technical resistance at 16.75 cents. Bears' next...

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Geopolitics on Back Burner, For Now

* Latest Market Developments * On the geopolitical front, the market place perceives the Russia-Ukraine tensions might be easing just a bit following conciliatory words from Russian president Putin late this week. Also, reports said a Russian convoy of non-military goods has passed, or is ready to pass, into Ukraine. If the convoy is allowed to pass into Ukraine it would be considered a...

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It’s All About to Change

There hasn’t been much in the financial news lately about earnings. That’s too bad because of all the things the market cares about, or should care about, earnings top the list, or should top the list.   … there are about a zillion ways to measure stock market valuation. Therefore, like art, the judgment of whether or not stocks are "expensive" or "cheap" usually lies in the eyes of the...

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December Euro Currency Futures: Trading Idea August 14, 2014

December Euro Currency Futures a Selling Opportunity on More Price Weakness  See on the daily bar chart for December Euro currency futures that prices are in a six-week-old downtrend and the bears have the firm near-term technical advantage. A move in prices below solid chart support at the recent low of 1.3343 would give the bears fresh downside momentum and it would also become a selling...

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Global Unrest Sends Many Equity Traders To The Sidelines

Global Unrest Sends Many Equity Traders To The Sidelines

August has been an interesting month for trading the equity markets so far. Geo-political events have been on the front page almost every day. We have seen things escalate and then cool down along the Ukraine-Russia border. Actions by Russia have resulted in economic sanctions by the United States and many other countries. Russia has responded with a ban on imports from those countries,...

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Nucor Shares Are Breaking Out To The Upside

Nucor Shares Are Breaking Out To The Upside

Shares of the steel manufacturer, Nucor (NUE), are down less than 1% year to date after being down as much as 13% in early February. On July 24, Nucor reported Q2 EPS of $0.46 vs. the $0.40 estimate and revenue of $5.29B vs. the $5.22B estimate. Steel mill shipments increased 9% in the quarter. They expect to see a stronger improvement in earnings for the third quarter as well. Valuation...

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Canadian Solar Heating Up: Time To Get Bullish

Canadian Solar Heating Up: Time To Get Bullish

Hey, world! I hope you are doing incredible! It is a beautiful August here in Nashville, TN. Hot, but not too hot, ya know? Good summer weather! If it is super hot where you are, this trade might make that A/C bill a little more bearable. Trade Pick Canadian Solar (CSIQ) caught my interest early in the morning on August 13. Here's what I noticed: •    It was gapping up to a very specific...

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NASDAQ 100 Gaining Strength, Agriculture Losing Strength

Agriculture, PowerShares DB Agriculture Fund ETF (DBA) absolute price broke down below its lows of the previous 6 months on 8/13/14, thereby reconfirming a significant downside correction. DBA crossed below its 50-day SMA on 5/9/14, thereby turning systematically neutral (from bullish). DBA appears to be heading for a systematically bearish signal, unless its existing 3-month downtrend...

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Grain Market Bears in Technical Control

GRAINS: December corn futures closed up 1/4 cent at $3.69 1/4 Wednesday. Prices closed near mid-range in quieter trading. Prices hit a contract low Tuesday. The corn market bears are still in solid overall technical control. A steep three-month-old price downtrend remains in place on the daily bar chart. This market still could be “basing” at lower price levels that could mark a low. Corn...

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More Weak Economic Data from European Union Thursday

* Latest Market Developments * In overnight news, the European Union saw more downbeat economic reports, as the bloc’s gross domestic product showed a zero percent growth rate in the second quarter from the first, and was up 0.7% year-on-year. Particularly, GDP in Germany and France—the two largest EU members—was disappointing.  Meantime, the EU consumer price index fell 0.7% in July from...

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