It was a quiet night for financial news.Talks for the IDM/Sun deal are bogging down, and there are no real economic releases due today.Q2 earnings season starts this week; the biggest economic release is Wednesday’s...
Read MoreThere were some interesting charts today with good examples of indicators and patterns I use. Let’s take a look at them Sugar futures have been in a down trend for the past weeks.MACD had a bearish crossover on 3/26; a...
Read MoreAt The University of Chicago i was an economics major. My early economics courses were in things like indifference curves and other mathematical ways to represent human behavior.I went through a number of courses on using...
Read MoreRIM had good earnings-I’m not surprised, seeing how many people have them on my train into work.Yesterday’s rally in crude oil highlights how sensitive commodity prices are to the Dollar-a bigger decline in the...
Read MoreA strong day for stocks got a big boost with word that the FASB was relaxing mark to market rules.This allows banks to more liberally treat their valuation of “toxic assets”. Those in favor of this say banks...
Read MoreThe ECB cut rates by 25 BP, less than expected.This is pressuring the Dollar while aiding commodities and stocks. The good news yesterday (pending home sales, ISM) are keeping hopes alive about an incipient economic recovery....
Read MoreThe other day I commented on crude oil futures (read it here).The weekly inventory report came out today; let’s revisit crude. Below is the daily chart for May crude oil futures. Momentum is bearish today (green arrow) and...
Read MoreI sold May Coffee this morning and took out a small profit. Although the profit was small, there are some good points about finding trades to be found in it. Below is the daily chart for May Coffee. The bottom panel of the chart...
Read MoreStocks dropped after the ADP employment report, which showed that the US shed 742K in jobs in March.That’s a big number, but employment is always a last stage factor in recessions.There’s pessimism about the...
Read MoreStocks are higher and the Dollar is lower as traders climb back off the ledge.There wasn’t any real news to cause this-the Chicago PMI and consumer confidence both were slightly lower. However, there also hasn’t been...
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