The September NFP was bad across the board. Job losses were 263K, with losses across the board. Hourly earnings and hours worked also fell. The only consolation is an upward revision to the August report-to a...
Read MoreI’m doing a webinar today on swing trading in futures. I’ll be explaining the patterns and indicators I use, and show how I’ve used them in the futures markets this week. I’ll also answer questions...
Read MoreStocks broke after the jobless claims number-they showed a jump when the estimate was for a drop. That is in keeping with the consumer confidence report earlier this week, whish showed consumers are losing confidence in...
Read MoreGold futures had a big rally today. The past three sessions were dojis (the open and close were roughly the same), and the three ranges were nearly the same. In addition, yesterday’s range was the smallest of...
Read MoreStocks gave up some ground after the ADP employment report. ADP said jobs fell by 254K in Sept; traders were expecting a drop of 200K. It’s the end of the month and the quarter, window dressing is likely...
Read MoreStocks are unchanged overnight. With all the data coming out later this week, and the fact that it’s the end of the month and Q3, maybe everyone’s resting to trade it up later this week. The...
Read MoreStocks have staged a strong rally today after a big selloff in the second half of last week. The daily chart gave us a “heads up” for a potential big move today; there were also clues as to today’s...
Read MoreStocks are slightly higher, bouncing from last week’s losses. There was some M&A new this weekend, and German elections were a victory for Merkel and the FDP; this is deemed as good for business. Japanese...
Read MoreA trade in my office who does a lot of agricultural hedge business called me a few hours ago to ask me what happened in cotton futures today. For most of the morning it had been trading around unchanged; then collapsed. I...
Read MoreIn early September the Dollar Index broke into new ’09 lows as traders rediscovered an appetite for risk. As fears of an economic meltdown faded, the Dollar lost some of its safe haven buying and traders started...
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