June Cattle reached 120.50 today, our high objective was 119.50.
Archive for March 2011
This week of reports will be headlined by the employment report on Friday. Today’s ADP preview was in line with tepid estimates. It must be kept in mind that governments are continuing their layoffs so the actual employment number will no…Continue Reading →
There are a lot of reports this week that may tend to keep the markets choppy, however the forces that will put pressure on stocks and commodities are building.
Since September 1, 2010 the market has operated on the premise that it knows a secret and nothing can blunt the QE2 push. You are seeing the endgame now. Yesterdays gold action was typical, push up, struggle, drop. Other markets…Continue Reading →
Using what we call our composite index of stock indexes, ETF’s and commodities, three days stand out to us as days to measure the current market against. Those days are September 1, 2010 when intention of QE2 was announced, January…Continue Reading →
Four factors/groups have kept the dollar under pressure on this last leg down: 1) The Fed’s easy money QE2 program; European austerity moves; the Gold Bulls; and lastly the yen fling to which the Bank of Japan put a quick…Continue Reading →
As I mentioned yesterday, the dollar index is getting close to the first buy area of 75.14. Obviously trends are pointed lower, so this is a contrarian trade that has some risk. What does this mean to other markets. To…Continue Reading →
We are an hour into the trading session and the main action is a test of the highs of trading ranges for stocks and commodities, places where we are sellers. The Dollar index is inching down to the 75.14 first…Continue Reading →
The stock markets are pushing higher this morning as optimism creeps back into the picture. As the market moves into the top half of it big trading range, 1251 to 1298 on the S&P it will be telling in terms…Continue Reading →
The stock market basis the S&P 500 is back to working the trading ranges, the tight range is 1251 to 1275 and the wide range is 1251 to 1298. The computer models mirror the market in that 70 percent of…Continue Reading →