This is a sample entry from Drew Rathgeber’s newsletter, The Rath Overlay, published on Friday, September 2, 2016.
In The Markets
Emini S&P – ESM6 (Sep ’16)
Still trading in the middle of its ranges and awaiting the jobs reports this morning, coming out at 8:30AM ET. We have unemployment & non-farm payrolls, be prepared for increased volatility.
Gold – GGCM6 (Dec ‘16)
Last week I spoke about a new ‘death cross’ (bearish) developing, well it’s been confirmed on the daily chart. Interesting to note weekly is still bullish.
Soybeans – ZSN6 (Nov ‘16)
Traded straight through $9.60, traded at a low of $9.4450 looking for a counter trend bounce.
Crude Oil WTI – GCLN6 (Sep ’16)
Really came off its recent highs, looks poised to re-challenge its lows around the $39 area, add in a strengthen USD, plus slightly weaker indexes, plus slowing manufacturing reports all bearish fundamentals for crude.
T-Bonds – ZBM6 (Sep ’16)
Lower highs combined with higher lows, interesting pennant formation awaiting fundamental news to propel it one direction or another.
U.S. Dollar – DX-MM6 (Sep ’16)
Traded and broke out of its short term bearish trading channel setting up a classic bull flag with higher USD prices.
The Week Ahead
- 8/31 – Labor Day – Holiday Hours
- 9/6 – Labor Market Conditions Index 10:00AM ET
- 9/7 – Beige Book 2:00PM ET
- 9/8 – Weekly Jobless Claims 8:30AM ET
- 9/8 – EIA Nat. Gas Report 10:30AM ET
- 9/8 – EIA Petro Report 11:00AM ET
- 9/9 – Eric Rosengren Speaks 7:45AM ET
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