This is a sample entry from Drew Rathgeber’s newsletter, The Rath Overlay, published on Friday, December 2, 2016.
In The Markets
Emini S&P – ESZ6 (Dec ’16)
Off our highs from last week now sitting on EMA support – is the president elect Trump rally losing momentum? As we get closer to the time he is sworn in, I feel this Trump premium and euphoria will come back out of the index markets.
Gold – GGCZ6 (Feb ‘17)
This market has been very bearish with the USD making new highs, I was looking for a countertrend bounce never got it, could be headed to test lows around the $1,050 area?
Soybeans – ZSF7 (Mar ‘17)
Beans trading back down to the lower end of its range looking for buying opportunities which are starting to present themselves at the $10.30 mark.
Crude Oil WTI – GCLZ6 (Jan ’17)
OPEC decided to cut, Crude jumps over 8% in one day! Now I’m looking for a countertrend retracement as this news premiums comes back out of the price.
T-Bonds – ZBZ6 (Mar ’17)
Still in complete free fall mode – as the saying goes “Don’t try to catch a falling knife” I believe applies here. Now holding below 150-0 (March Bonds).
U.S. Dollar – DX-MZ6 (Dec ’16)
The USD looked to be working towards the 100 area however failed this week trading back to support at 97.21.
The Week Ahead
- 12/5 – Consumer Spending Measure 8:30AM ET
- 12/6 – International Trade 8:30AM ET
- 12/6 – Factory Orders 10:00AM ET
- 12/7 – Petro Report 10:30AM ET
- 12/8 – Jobless Claims 8:30AM ET
- 12/8 – Nat Gas Report 10:30AM ET
- 12/9 – Consumer Sentiment 10:00AM ET
Subscribe to The Rath Overlay
The Rath Overlay - Authored by senior broker, Drew Rathgeber, The Rath Overlay uses timeless methods to clearly identify market opportunities and guides the confident execution of your focused trading plan.
Risk Disclosure
This material is conveyed as a solicitation for entering into a derivatives transaction.
This material has been prepared by a Daniels Trading broker who provides research market commentary and trade recommendations as part of his or her solicitation for accounts and solicitation for trades; however, Daniels Trading does not maintain a research department as defined in CFTC Rule 1.71. Daniels Trading, its principals, brokers and employees may trade in derivatives for their own accounts or for the accounts of others. Due to various factors (such as risk tolerance, margin requirements, trading objectives, short term vs. long term strategies, technical vs. fundamental market analysis, and other factors) such trading may result in the initiation or liquidation of positions that are different from or contrary to the opinions and recommendations contained therein.
Past performance is not necessarily indicative of future performance. The risk of loss in trading futures contracts or commodity options can be substantial, and therefore investors should understand the risks involved in taking leveraged positions and must assume responsibility for the risks associated with such investments and for their results.
Trade recommendations and profit/loss calculations may not include commissions and fees. Please consult your broker for details based on your trading arrangement and commission setup.
You should carefully consider whether such trading is suitable for you in light of your circumstances and financial resources. You should read the "risk disclosure" webpage accessed at www.DanielsTrading.com at the bottom of the homepage. Daniels Trading is not affiliated with nor does it endorse any third-party trading system, newsletter or other similar service. Daniels Trading does not guarantee or verify any performance claims made by such systems or service.
