The target was triggered in Natural Gas and entered into a new Chicago Wheat position.
Stopped out of the Nasdaq position for a gain. Trailed the stop loss for the Natural Gas position twice to remove the potential risk.
Beyond the Spotlight for the week of September 23, 2019 covers the mini Nasdaq, 30-Year Treasury Bonds, and Chicago Wheat markets. Watch now to look ahead with us, while potentially creating additional trading opportunities for yourself.
The Trade Spotlight opened a new position in Natural Gas and recommended a new Nasdaq trade.
Traders and investors from every corner of the globe consider the Standard & Poor’s 500 (S&P 500) as an ideal way of engaging the broader U.S. equities market. In response to the public interest, the Chicago Mercantile Exchange (CME) offers S&P Emini futures to individuals wanting to take their shot at one of the premier… Read more.
The markets have reacted strangely to a number of events over the past two weeks.
It figures that just when it appeared as if positive equity market action and significant weakness in US Treasuries were about to confirm growth in the US economy, the US economic numbers turned sour.
Recent US economic data has shown some signs of improvement, with industrial production, housing starts and jobless claims all indicating positive progression.
While the markets might not believe that the oil producers’ deal to reduce output will be fulfilled, it does appear that US crude oil inventories are tightening and global demand is creeping higher.
The answer to the US hike/no hike question was not only “no-hike,” it was also combined with a much less hawkish forward view and suggestions that the US economy had more room to run.