This is a sample entry from Drew Rathgeber’s newsletter, The Rath Overlay, published on Thursday, May 04, 2017.
Please note I will be out of the office tomorrow, if you need anything please just call my number or email and it will be routed to the appropriate person. Have a great weekend!
In The Markets
Emini S&P – ESM7 (Jun ’17)
Still trading at overhead resistance looking for a breakout however having a hard time which tends to lead me to believe we will back n’ fill.
Gold – GGCJ7 (Apr ‘17)
The run I spoke about last week and the bullish turn on the weekly didn’t manifest itself, we need Gold to close above $1,248 – $1,250 to maintain any bullish posture.
Wheat – ZWK7 (May ‘17)
Trading lower this morning off its recent highs looks to be targeting $4.40 per bushel.
Crude Oil WTI – GCLK7 (May ’17)
We never did get any bounce I was thinking we would get as the commodity sector gets hammered this week across the board. Unprecedented downward spiral for many commodities also I’ve been mentioning ‘Sell in May and go away’ and seems to be holding true for the start of May this year.
T-Bonds – ZBH7 (Jun ’17)
This is one market I was right about last week targeting 151-04 – still looks on track to accomplish this.
U.S. Dollar – DX-MZ6 (Jun ’17)
This seems to be the interesting story this week as the USD is stagnate as the commodity prices continue to fall.
Open Trades
(S) OSIU7 C22.00 Option Call Dec. 23rd Open P/L: +850
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