Commodities

2017 Market Review & Update: The Year Of Investor Cheer

There was a lot of good news for the stock market in 2017… and even some good news sprinkled in for the bond market. Our 2017 market review is brief, yet hits some major highlights. 2017 Market Review Global central banks were either adding stimulus (Bank of Japan, European Central…

Stock Market Futures Trading Outlook For December 20

S&P 500 Futures Trading Considerations For December 20, 2017 The S&P 500 (NYSEARCA:SPY) is recovering the bulk of yesterday’s losses in morning trade today. 2700 is a big number, and considering the run higher, perhaps some psychological resistance is in play. Let’s see how far today’s rally goes, then watch…

Stock Market Futures Trading Outlook For December 19

S&P 500 Trading Considerations For December 19, 2017 The S&P 500 (INDEXSP:.INX) is making new highs seemingly every day, but the broad market index is approaching a measured move price target. In the commentary below I share my outlook and analysis on key stock index futures, along with crude oil. You…

S&P 500 Trading Update & Outlook – December 18

Stock Market Trading Considerations for December 18, 2017 The S&P 500 (INDEXSP:.INX) and Nasdaq (INDEXNASDAQ:.IXIC) are making new highs yet again on Monday morning. The strength and fortitude of buyers is truly amazing. But at these levels we need to follow our price levels and indicators each day or we…

U.S. Corn Market Outlook: How Much Bad News Is Priced In?

U.S. March corn futures closed down 5 ¼ cents per bushel week on week, finishing at $3.47 ½. Corn bulls are on the ropes as the fundamental backdrop continues to look weak. But how much is already priced in? Let’s discuss what’s happening in the corn market and review the…

COT Report: Commodities Traders Cozy Up To Crude Oil

The following are charts and data showing non-commercial futures trading positions as of December 12, 2017. This data was released with the December 15 COT Report (Commitment of Traders). Note that these charts also appeared on my blog. The 3 charts below look at non-commercial futures trading positions for Crude Oil, Gold, and…

S&P 500 Futures Trading Outlook: Buyers Drive Stocks Higher

Stock Market Considerations For December 15, 2017 The S&P 500 (INDEXSP:.INX) and Nasdaq (INDEXNASDAQ:.IXIC) are rallying higher on Friday morning. The strength and fortitude of buyers and this bull market is truly amazing. But we have to follow our price levels and indicators each day or we will be humbled….

Gold Seasonality Patterns Point To Next Bullish Turn

Since mounting an impressive rally in August, the Gold ETF (GLD) has continued to slide, shedding nearly 8%. It hasn’t been pretty for precious metals bulls. Much has been written about the technical weakness in the GLD charts across a variety of timeframes. The break of ascending trend lines in…

Stock Market Update: Buyers Ignore Weakening Momentum

S&P 500 Trading Considerations For December 13, 2017 The S&P 500 (INDEXSP:.INX) is holding support levels as traders prepare for the Federal Reserve’s rate announcement. Buyers are in control but momentum is weakening. In the commentary below I break down the trading setups for S&P 500 and Nasdaq futures indices…

Natural Gas Prices Breakdown As Seasonality Weighs

The decline in Natural Gas prices has been stealth. And the correction may continue for a while longer. Natural Gas futures prices are moving lower yet again today. And this move lower has seen a key price support level fail (at $2.72). I highlighted this level in my last update…