Commodities

Commodities Update: What’s Next For Energy & Materials Stocks?

Last week we took a look at interest rate sensitive sectors to kick off our mini-series on core income. In our second edition of the of this series we examine the Commodity sectors: Energy (NYSEARCA:XLE) and Materials (NYSEARCA:XLB) both of which are very sensitive to economic conditions. These sectors tend…

S&P 500 Futures Update & Trading Outlook – September 19

Stock Market Futures Trading Consideration For September 19, 2017 I’m digging out this morning so this will just be a short “chart” update for the S&P 500, Nasdaq, and crude oil futures contracts. The S&P 500 (INDEXSP:.INX) continues to hover near its highs on Tuesday morning but momentum is simmering…

U.S. Corn Futures Trading Outlook: Bulls Patience Tested

U.S. Corn futures dipped lower early in the week only to recover by week’s end. Corn prices have been stuck in a range between $3.50 and $4.00 for several weeks. The lower end of that range is getting tested… and if it gives way, the 2016 lows could be tested….

U.S. Equities Trading Update: Upside Limited

S&P 500 Outlook (2-3 Days):   BEARISH Upside is likely limited into Expiration as the rally stalls. There’s been no change in thinking given lack of movement here lately. While near-term trends have been positive, prices have the potential to reverse course into early next week. As stated yesterday, further gains likely…

Gold / U.S. Dollar Ratio Racing To A Near-Term Peak?

Two of 2017’s major investing themes thus far are the return of Gold (NYSEARCA:GLD) and the prolonged weakness in the U.S. Dollar (CURRENCY:USD). Year-to-date, Gold is up 15.72% while the U.S. Dollar is down 9.57%.  This follows a multi-year decline in Gold and a multi-year rise in the Dollar. The…

S&P 500 Futures Trading Update For September 12

Stock market futures trading considerations for September 12, 2017  The S&P 500 (INDEXSP:.INX) is pointing higher once more on Tuesday. Traders will want to follow the support/resistance levels (and retest levels!) listed below for the S&P 500, Nasdaq, and crude oil. Check out today’s economic calendar with a full rundown of releases. And…

The U.S. Dollar Trade: A Macro To Micro Analysis

Note that this post went out to my “Gone Fishing” newsletter subscribers this past weekend. After hitting a 14-year high at the end of 2016, the US Dollar (CURRENCY:USD) has lost 11% in 2017. Whether a reaction to Trump talking it down post inauguration, US real disinflation, Euro melt-up (which…

Crude Oil Price Outlook: Risk/Reward Favors Bears

West Texas Crude Oil (WTI) bounced up near $49/$50 last week after holding chart support in the $46 region. But that price area represents strong resistance. And it is showing today as Crude Oil and related ETFs (NYSEARCA:USO) are falling today. Crude prices remains highly volatile from day to day…

S&P 500 Futures Trading Outlook For September 11

Stock Market Futures Trading Considerations For September 11, 2017 The S&P 500 (INDEXSP:.INX) and the broad stock market futures indices are rallying higher this morning. Key trading levels for today are listed below. Check out today’s economic calendar with a full rundown of releases. And note that the charts below are from our…

U.S. Equities Market Update: Uncertainty Weighs On Traders

Most U.S. stock market indexes are trading down slightly with Europe and Asia largely mixed. Investors are still seeing signs of risk-off behavior with the USD/JPY (dollar/yen) sliding to lows of the year, Treasury yields trading slightly lower, and gold and silver higher. The S&P 500 (INDEXSP:.INX) is still very…