CPI, Production Data Point to Easing Recession – Reuters Fed Officials See Economy Mending, but Very Slowly – Reuters U.S. Gold Ends Higher on Inflation Worries – Reuters Ethanol Prices Cold Face Squeeze from Smaller Corn Crop – MarketWatch Corn Declines as Drier Midwest Weather to Speed Spring Planting – Bloomberg White Sugar Posts First [...]
Lind Plus Senior Market Strategist Adam Klopfenstein was quoted in three Bloomberg articles on May 13-14: “Crude Oil Rises as U.S. Equities Advance, Dollar Declines,” “Gasoline Surges to Highest Since October on Tight Supplies,” and “Gasoline Falls on Skepticism of Fast Recovery in U.S. Economy.” Lind Plus Senior Market Strategist James Barrett was quoted in [...]
Consider Corn Call Spread on Planting Delays By Phil Streible Wet weather has delayed corn planting this season, and the effects are likely to be felt as the growing season progresses if farmers can’t get enough in the ground in time. Consider the December corn $5/$6 call spread as a long-term bullish play. We are [...]
Gold has been going strong, with July futures reaching a seven-week high this week and hovering near $930 an ounce. Test your knowledge of gold with this fun puzzle. Click the more tab to view the answer key. Wall Street Follies © 2000/2001/2002/2003 markpoyser all rights reserved. Reprinted with permission. www.wallstreetfollies.com.
Wholesale Prices Rise – CNNMoney Oil Regains Ground – CNNMoney Stocks Still Face Deflationary Collapse: Prechter - Reuters Auto Layoffs Lift U.S. Jobless Claims – Reuters Rate Traders Brace for Potential Fed Rate Hike – Reuters Treasury Unveils Plan for Derivatives Oversight – MarketWatch Dollar Slips as Equities Regain Footing – MarketWatch Crude Ends Higher as [...]
In his morning agricultural market notes, MF Global Research Director Rich Feltes said while lower crude oil, a higher dollar and the CRB’s break below its 200 DMA may be pointing to early weakness for grains, the “bottom line” is that the downside is likely limited. “Fund money still coming in and eastern planting delays [...]
U.S. Inventories Fell 1.0 Percent in March – Reuters Gold Reaches 5-wk High on Weaker Dollar, ETF Flat – Reuters Dollar Struggle May be For Real This Time – Reuters Crude Oil Falls as Data Show Weak Demand – MarketWatch Who Wants Bragging Rights? – MarketWatch OPEC Sees Oil Demand Falling More, Risks to Price [...]
Register for today’s webinar at 3:30 p.m. CT to learn about the Top 5 Economic Indicators that Move Markets. Lind Plus Senior Market Strategist Richard Ilczyszyn will discuss the most important economic reports that traders need to be aware of, and how these reports can move various markets. This monthly webinar series (The Business of [...]
U.S. Posts First Budget Deficit for April Since ’83 – Bloomberg U.S. Winter-Wheat Crop May Fall 20% on Lower Yields – Bloomberg Soybean Futures Fall as China May Slow Imports After Price Rally – Bloomberg Cotton Prices Drop in NY, Halting Longest Rally Since 1976 – Bloomberg Greenspan Sees “Seeds of Bottoming” for U.S. Housing [...]
The Pivot-Point Technique by Frank D. Cholly We have been experiencing heightened market volatility, created by market uncertainty. In this environment, many traders find themselves getting chopped up by the violent fluctuations and then becoming reluctant to get back in. One strategy I like to use when dealing with conditions like this is pivot-trading. Before [...]
