Drew’s Rath Overlay – using his green screen technology and easy to follow video format – reviews various markets including the Dow Jones, Crude Oil, Gold, Silver, and Euro just to name a few. Lots of action right now in the markets with the current tariff situation with China affecting all markets!
In this morning’s comment for Swing Trader’s Insight (STI) I wrote that I would consider buying the EMini S&P if it rallied back above 2900. I’ve often said that Sunday night moves should often be faded; this was a good example of that guideline. In last night’s edition of STI, the EMini S&P was labeled… Read more.
In our latest podcast we go over the impressive US jobs numbers, the weather market developing in corn planting, and how the funds are trapped long in live cattle. Make sure you take a listen to this week’s Turner’s Take Podcast!
Drew Rathgeber, Sr. Market Strategists Weekly Wrap-Up – April 26th 2019 Latest forecast: 2.7 percent — April 25, 2019 The final GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the first quarter of 2019 is 2.7 percent on April 25, down from 2.8 percent on April 19. After the National Association of Realtors’ existing-home… Read more.
No doubt this was not the kind of return from Easter producers were looking for. But, consider the following and perhaps the glass is half full…
In our latest podcast we go over why the stock market has rallied, why we could see some weakness due to a “double top”, and why we like buying the breaks. We are excited about the new micro emini S&P 500 contract and we explain why and how we are going to use it. We then dive into the hogs and why we think it will be a long bull market in the deferred contracts. Cattle may have some issues as the fats reverse on the chart and feeders are not looking good either. The grain markets have been very bearish and we explain the reasoning behind the funds massive short position and how we have to trade the grain markets going forward. Make sure you check out this week’s Turner’s Take Podcast!
In this morning’s comment for the EMini S&P, I noted that it had two setups for today. These two setups anticipated the market moving in opposite directions. Luckily, we didn’t have to guess as to the move’s direction, we let the market decide and go with it. First, by a Taylor Trading cycle count today… Read more.
The latest US economic reports have been positive for the economy. The grain markets lack a bullish catalyst to get the funds out of their record short positions. Hogs continue to be supported but Cattle may have a hard time sustaining rallies. Crude Oil seems to be range bound and that is how we plan to trade it. Make sure you check out this week’s Turner’s Take Podcast!
See technical analysis that led to the trade in the May 2019 Kansas City Wheat
List to Senior Broker Drew Rathgeber give a commodity market overview for Gold, Silver, DowJones, Emini S&P, T-Bonds, and more using his very simple trading strategy “Rath Overlay” which gives basic guidance into the charts.