Stocks rose after results from Lowes, which was better than expected.This was viewed as a sign of good news for retailers and (sort of) the housing sector; in the statement they said they’ve seen consumer confidence...
Read MoreJuly Bean Oil futureas had a similar pattern to cottonIt had a breakout bar yesterday (circled) and support at 3850 from last week. The first breakout point was yesterday’s low of 3870; I took the conservative route...
Read MoreJuly Cotton futuress had a breakout setup yesterday that led to a good short sale today; let’s look at how it went. I circled yesterday’s bar; it was the narrowest day of the previous four, and a doji. I drew...
Read MoreEuro zone GDP fell by 2.5% in the first quarter; this is putting some pressure on stocks, and pushing down the Euro.CPI is out at 7:30; the core rate is forecast to be up 0.1%.Industrial production is out at 8:15 and consumer...
Read MoreMomentum is one of my favorite indicators for swing trading. I find that two period momentum can do a good job of highlighting potential short term trend changes and trade opportunities. I look at the markets in the...
Read MoreStocks are slightly lower this morning.Kohl’s had batter than expected earnings, Wal Mart’s sales beat forecasts; they said this is the most challenging environment in decades.Retailers’ earnings help cushion...
Read MoreStocks are lower; they extended early losses after a bearish retail sales report.At some point the rally will need better economic numbers to be validated. Crude inventories are out at 9:30; they’re supposed to show a...
Read MoreStocks are slightly higher; recouping some of yesterday’s losses.The Dollar is sharply lower. It has fallen 13% from its high in March; that’s bullish for physical commodities.As an example, crude oil is making a 6...
Read MoreStocks are lower; there’s not really any news driving it.The stress tests came and went, and the relief rally is taking a break.Stocks are lower, the dollar and Treasuries are higher.There are no reports out today. The...
Read MoreApril NFP fell by 539K; the unemployment rate rose to 5.9%. The whisper number was under 500K; that and downward revisions for March and Feb take some of the steam out the reports.Informa release their estimate for corn and...
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