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Consumers Overshadow Petroleum Supplies
Tuesday, August 30, 2011 - 9:18am | 446Tuesday, August 30, 2011 Crude Oil supply-side fundamentals remain bearish; however, the rise in consumer spending could be a sign that the US economy may not be down and out after all. The US consumer has been a driver of not only the US economy, but has also had an impact on the global economy as...
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Livestock Futures Commentary
Tuesday, August 23, 2011 - 7:31am | 523October live cattle closed up $0.25 at $115.75 yesterday. Prices closed near mid-range and saw short covering following strong selling pressure late last week. A bearish USDA cattle-on-feed report issued Friday afternoon did limit buying interest yesterday. A bear flag or bearish pennant pattern...
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Gold/ Futures Divergence
Monday, August 22, 2011 - 1:59pm | 111Interesting divergence between S&P 500 futs and gold today: Interesting times. With the Swiss franc and Yen seemingly off limit due to the thread of central bank intervention, it looks like gold could cement its place as the go to safe haven.
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Softs Market Commentary
Thursday, August 18, 2011 - 7:45am | 1080October sugar closed up 142 points at 29.46 cents yesterday. Prices closed near the session high yesterday, hit a fresh two-week high and saw a bullish upside "breakout" from the recent sideways trading range on the daily bar chart. Recent chart damage was mostly repaired yesterday as the bulls...
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USDA Aggressively Lowers Corn and Soybean Yield Estimates
Monday, August 15, 2011 - 11:01am | 600Monday, August 15, 2011 With weather forecasts calling for much needed rain in more moderate temperatures in the northern parts of the Midwest, some traders believe that the USDA may have been too pessimistic on its Soybean yield estimate. Should the weather cooperate, we could see a sell-off in...
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Low Durable Goods Orders Not Affecting US Stock Futures
Friday, September 24, 2010 - 9:52am | 155U.S. stock futures rose this morning (9/24) despite a bigger-than-expected drop in U.S. durable-goods orders as euro zone concerns eased up following an unexpected spike in German business sentiment, according to The Wall Street Journal. Dow Jones Industrial Average futures were +115 points at...
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Losses On Crude-Oil Futures Mount
Monday, May 17, 2010 - 3:23pm | 78Losses on crude-oil futures rose substantially further as the most active contract traded below $70 per barrel, marking a 5-month low price. On the New York Mercantile Exchange (NYMEX), the prices of crude oil for January delivery moved down 2.4%, or $1.75, to $69.82 per barrel. The crude oil...
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Jobs Report: Economy 'Is On Path to Sustainable Recovery'
Friday, April 2, 2010 - 12:17pm | 480Published: Friday, 2 Apr 2010 11:21 AM ET By: Reuters with CNBC.com US employers created jobs in March at the fastest rate in three years as private firms stepped up hiring, the strongest... This is just a teaser...Please visit my website for more information about the Stock Market Lessons I...
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S&P 500 Index ($SPX) & S&P 500 SPDRs (SPY)
Thursday, February 11, 2010 - 9:47am | 249Throughout the night session the price of the S&P 500 E-mini ( ESHO:CME) has been oscillating like a seismograph chart . At the present time the Futures are indicating a positive open. The S&P 500 Index ($SPX:NYSE) and the ETF S&P 500 SPDRs (SPY:NYSE) have formed long legged Dojis in...
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Futures Seam To Be Holding Ground With Apple's Most Profitable Quarter Ever
Tuesday, October 20, 2009 - 9:42am | 85Today, Futures seam to be holding ground as housing starts perform poorly at +0.5% to 590,000 against last month's 598,000. This has been due to unexpected rise in producer prices, fueled by Q3 earnings reports that continue to influence the market towards the north. We are expecting Nasdaq to...