Well, I was hoping to get something out before “Unenjoyment Friday” (that’s what the trading floor guys called the day NFP is released), but trading got in the way.June payrolls fell by 467K, worse than the...
Read MoreStocks and commodities are higher, the dollar and Treasuries are lower. Euro Zone and UK PMI manufacturing rose.In addition, the Chinese PMI rose, if you want to believe their numbers.This is raising optimism that the US ISM...
Read MoreCrude Oil futures had been on a tear this year, rallying almost 70% off the February lows. The trend has trade sideways for the past month, as traders work to assess economic prospects. The recent trade has been...
Read MoreGold futures have been trading sideways this week.It has resistance around $945 basis the August; for the past two days, attempts to break over it have failed, leaving dojis.Along with the doji bar, yesterday had the narrowest...
Read MoreIt’s the last day of the month and the quarter. It’s a slow start; there is a bunch of numbers out today. The S&P/Case Shiller Home Price Index is out at 8, the Chicago PMI at 8:45, and Consumer Confidence at 9...
Read MoreThe 16.90 area was resistance for October Sugar; it formed a double top around there in late May/early June. I’ve been bullish on sugar since it cleared that area last Tuesday. A sharp runup after the clearing...
Read MoreThere’s not much news overnight.There’s also no data out today, but there’s a ton of data out the rest of the week, and Friday is kind of a non-session ahead of the July 4th weekend.It’s the end of the...
Read MoreStocks are slightly lower on profit taking from the two day rally.China called for a new world reserve currency to replace the Dollar. This is interesting rhetoric from a country that manages its currency and whose imbalances...
Read MoreDow futures followed the other stock indices down, and had the same breakout and momentum buy day setup as I described in yesterday’s post about the S&Ps (read ithere.)However, it didn’t see the rally that the...
Read MoreJobless claims rose last week; they were expected to fall, this was not especially important.The auctions end today with a 7 year T Note; result are out at Noon Central. The German Business Federation said that a Buy Chinese...
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