The US markets are closed today. Last night Japan reported that their Q4 GDP shrank by 3.3%, or 12.7 on an annualized basis.Add this to a US economy that shrank by a 4% annualized rate inQ4, and Europe by 6% annualized.The...
Read MoreIt might be closing the barn door after the cows got out, but the CFTC approved limits on the number of warehouse receipts (delivery certificates) that can be held by firms not directly related to the cash grain business....
Read MoreMarch SP:Looking weak, watch 823 support. March NASDAQ:1229 support. March T Bonds:Getting crushed. Moody’s made comments about the US and UK’s AAA credit rating, among other things. 12609 is the next support. March...
Read MoreRisk management should be Job 1 for any trader.ZD Net has an article, white paper, and webcast about how Goldman Sachs does risk management.The Financial Services Club Blog does a good job expanding on ZD Net’s...
Read MoreAn appetite for risk seems to be returning today- the “English Speaking” currencies are all higher, and safe havens (gold, Treasuries) are lower. Euro zone GDP fell by 1.5% in Q4. This was the largest decline since...
Read MoreI’ve always liked reading Donald Coxe when I get a chance.He wrote for BMO for a long time, and always had a good big picture perspective on commodities.It’s a more macro, long term view than I use to trade, but...
Read MoreSPH:Holding the 819 area is bullish, look to the upside to extend if this holds-the day session high has been 826, then 833 are objectives. NQH:1244 is the next upside objective. DXH:Couldn’t clear the month’s high...
Read MoreJanuary’s retail sales were better than expected, December’s retail sales decline was revised downward. Continuing claims hit a record. SPH; Looks bearish. 81950, 81650 are support. NQH: Looks bearish, 1210 support....
Read MoreStocks:The NASDAQ is testing yesterday’s low. The semiconductor index (SOX)is extending yesterday’s loss. USH:Some selloff after the 10 yr. auction, momentum is still on a short sale signal. DXH:Testing trendline...
Read MoreSPH- Momentum buy day, 843 upside objective NQH- Momentum buy day, 1245 resistance USH- Sell short day, 12810 is fib resistance JYH- Sell short day. CDH- Momentum buy day GCJ- 931.30 was last swing high SVH- 1318 is now support...
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