Fast and furious this morning. Short, sweet and to the point. There are more SOFT markets below than usual, but that is only a coincidence. These are the best charts and formations that I am looking at right now and they happen to be in the SOFTS.
“You know you are up early when the Cocoa market isn’t even open yet” -me, this morning
We have a lot to discuss this morning because this Pre-Dawn will cover the balance of the week and most likely Monday. So let’s get right to it…
2015…here we come!
I want to welcome all of you who have just begun following along as the New Year starts.
For everyone who has been with me for awhile, welcome back!
This is a sample entry from Brian Cullen’s email newsletter, The Cullen Outlook. Good Morning— I hope everyone had a safe and happy 4th of July holiday! Let’s jump into the week ahead… Indices and Financials: On Thursday ahead of the 3 day weekend, the Bond market spiked lower to 134’11 only to recover before… Read more.
Good Morning— Happy Friday. I hope everyone had a great week, lets finish it up on a high note and get involved in the weekend. We have a few positions on and there are a few that I want to bring to your attention. So lets get crackin’… In the Indices and Financials: With yesterday’s… Read more.
The Dow Jones Industrial Average (DJIA) is often viewed as a strong indicator of the success of the U.S. stock market and the U.S. economy overall. The DJIA represents nine economic sectors including financial services, technology, retail, entertainment and consumer goods. The DJIA is one of the most widely quoted measures of the U.S. stock market due to its extremely high correlation to broader U.S. indexes, such as the S&P 500.
Many times, changes in trends come from the outcome of the biggest events. The conclusion of the latest calamity out of Washington and the recent appointment of the dovish, Janet Yellen to replace Ben Bernanke may be what the bond market needs to wake up from its recent 6 month slumber.
U.S. interest rates can be characterized in two main ways, by credit quality and by maturity. Credit quality refers to the level of risk associated with a particular borrower. U.S. Treasury securities, for example, carry the lowest risk. Maturity refers to the time at which the security matures and must be repaid.
All eyes are on the debt market these days. Volatility in the debt market is forcing investors and traders to shift their assets as the global markets spin out of control. News of Greece defaulting on its bonds, the US raising its debt ceiling, and economic activity in the Far East have traders and investors… Read more.