On Thursday, I sent out a Formation Finder showing support at 141’16
We went LONG around the 142’10 level depending on when you took action
…last traded 143’11 So we are up roughly $1,000.00 here.
Treasury Bonds
Global Growth to Lead to Reflation & Recovering Commodities
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September 18 – Two Breakout Trades Today
On Sunday afternoon I went over the price charts for my Swing Trader’s Insight advisory, looking for potential trades for Sunday night and Monday. I sent out two charts; I recommended looking to short the December Treasury Bond futures if they broke below the Friday low of 154-24. Here was the chart I sent yesterday.… Read more.
Negative Sentiment Reached Significant Level
The number of negative geopolitical issues has expanded consistently over the last two weeks, and this has undermined the long bull market in equities.
Commodity Bears Have More Ammunition Than the Bulls
From a positive perspective, the latest US nonfarm payroll readings have extended the slow, gradual improvement in the economy.
June 2- Breakout Trade in Treasury Bond Futures
Treasury bond futures had a breakout setup for Friday, which was logical given the May employment report was released this morning. This setup, combined with the market’s proximity to its contact high, made this a good market to trade this morning. In last night’s edition of Swing Trader’s Insight I labeled T bonds as a… Read more.
The Rath Overlay (May 04, 2017)
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… Read more.
US Economic Prospects Disappoint, International Economic Conditions Improve
The US data has been patently discouraging; the Trump administration continues to squander political capital; and the prospect for pro-growth policy initiatives continue to be pushed further and further into the future.
Overly-Negative View Toward the US Economy
All things considered, it is clear that the global economic track has softened and has become a disappointment after the optimism that followed the US election.
The Environment for Physical Commodities Could Be Negative in the Coming Weeks
While the inevitable happened in the March FOMC meeting, the reaction in the dollar was very surprising and was modestly supportive to a number of commodities.