Commodities

Stock Market Futures Lower In Downside Continuation

Stock market futures are trading sharply lower this morning. A cascade of selling on Friday continued after the break of the 1902 contested levels. A key price support zone at 1864 has also been broken and we remain below it this morning after another big washout lower. The Morning Report:…

S&P 500 Futures Clinging To Key Support; Battle Lines Drawn

Yesterday was an aggressive day of range-bound trading that left traders battling at lines of major congestion between 1902 – 1907 on S&P 500 futures. With moving averages flat and momentum neutral, the charts should continue to swing from buyers stepping in near 1896-1900 and sellers stopping the advance near the…

Weekly Stock Market Outlook: Too Early For Strong Conclusions

Here’s a look at some key stock market indicators, charts, and themes that we are watching. This Week’s Stock Market Outlook: Noise Remains Undiminished – Intra-day swings in stock prices continue to be seen at an almost dizzying rate, but for all the noise there is little evidence of resolution….

The Golden Age: Why Gold Will Outperform In 2016

Some people say that gold is dead. They point to deflationary pressures and a bear market that started back in September of 2011. The bulls have been wrong for years; however, that may be about to change… At present, there a multiple reasons to consider gold: Sentiment is very negative…

January 2016 Stock Market Review: The Bear Awakens?

The first month of 2016 is now in the books and it was just plain ugly for most financial markets. As many commentators noted this was one of the worst January’s in the history for US equities, particularly the first two weeks. Despite a furious rally on the last day of trading…

January 29 COT Report: Traders React To Central Banks

The following is a recap of The COT Report (Commitment Of Traders) released by the CFTC (Commodity Futures Trading Commission) looking at futures positions of non-commercial holdings. This was released within the January 29 Commitment of Traders report (with data through January 19). Note that the change in COT report data is…

Where Is The Crude Oil Rally Headed Next?

Crude oil futures are volatile enough on a normal day, but with rumors of a Russia/OPEC February meeting to discuss production cuts, it’s really volatile now. As far as I can tell, the meeting and/or production cuts are currently an unfounded rumor – so we’ll wait to see if there is actual…