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
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