This is a sample entry from Drew Rathgeber’s newsletter, The Rath Overlay, published on Friday, September 16, 2016.
I will be out next week for my yearly family vacation, please call my regular number and I’ll have Craig Turner more than happy to assist for anyone needing support while I’m out. If you’re calling to make a trade while I’m out, please have your account number ready.
In The Markets
Emini S&P – ESZ6 (Dec ’16)
First time in sometime we are starting to see a bearish divergence. Like I said last week watch the 30YR T-Bond closely for continued clues on direction.
Gold – GGCZ6 (Dec ‘16)
Now trading at the bottom of the range, I’ve been watching the weekly chart closely wondering if $1,321 will hold, I wouldn’t be surprised to see a very small counter trend bounce then continued downward trend.
Soybeans – ZSX6 (Nov ‘16)
Double bottom off support, I’m now looking for a counter trend bounce back up to resistance.
Crude Oil WTI – GCLV6 (Oct ’16)
Sitting on support, swing low from Sep. 1st looking very bearish.
T-Bonds – ZBZ6 (Dec ’16)
Did a nice counter trend bounce back over 166-0 (Z) however still in its bearish phase and continued downtrend which will eventually bring many Futures markets down.
U.S. Dollar – DX-MU6 (Sep ’16)
Interesting pennant formation with high becoming lower and lows becoming higher, the bias looks to be up in direction overall.
The Week Ahead
- 9/20 – FOMC Meeting Begins/li>
- 9/21 – EIA Petro Status Report 10:30AM ET
- 9/21 – FOMC Announcement, Forecast, Press Conference 2:00PM ET
- 9/22 – Jobless Claims 8:30AM ET
- 9/22 – Nat Gas 10:30AM ET
- 9/23 – Regional Fed President Panel 12:00PM ET
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