Todays grain market report has the potential to affect everything. The same type of trader is long commodities and oil. Grains are going to start out sharply lower starting from record highs. This could affect the inflation perspective in a big…Continue Reading →
What one does on this last day of the quarter depends on your time frames. The move trhough 1331 on the S&P last week has set the long-term framework for the 1120 downside objective. That however is in the background…Continue Reading →
The objective on the 112 buy on T-bonds has just been reached at 116. 1:05 PM CDT
Everyone is watching crude oil and the push being made by the oil bulls. It might be important to look at the actions of the oil bears. The short oil ETF “DUG” is the best way to get some insight. …Continue Reading →
Our late coments yesterday point to the problem the stock market faces at the moment. Technically the S&P 1294 extreme downside objective looks more and more possible, probably today or tomorrow. That is the easy part. Then on what fundamentas…Continue Reading →
Investors reactions to the “no action ” Fed meeting is a little worrisome short-term, you have to wonder who would be buying S&P at 1334 with the news being what it was. Why did the market players think that they…Continue Reading →
One of the better traders I know emailed me late yesterday, he covered all short positions. We agree with that stance. A good Dow / Nasdaq relationship chart turned positive yesterday. How does one play this information, probably gingerly, as…Continue Reading →
The oil market is having a frantic time in putting in its top. This is the thirteenth day in the 133 to 139 area. One day it is Nigeria, one day it is Israel/Iran, this is coming to a frantice…Continue Reading →
Fridays move through the 1331 support area seems to us to be more a completion of the first stage of the market decline from last Octobers highs. Financial and housing stocks have been the big losers during this stage. The…Continue Reading →
Market sentiment is probably the bleakest we have seen this year. It is like everything is finally being recognized. We look for the trading range to hold in spite of that issue. Oil is doing its part for now.