The following is a recap of the February 3 Commitment of Traders Report (COT) released by the CFTC (Commodity Futures Trading Commission) looking at Commitment of Traders data and futures positions of non-commercial holdings as of January 31. Note that the change in COT report data is week-over-week. Excerpts of this…
March corn futures moved lower this week, closing down 7 ¼-cents per bushel week-on-week, finishing on Friday (1/27) at $3.62 ½. CH7 showed an inability to close above key price resistance at the 200-day moving average of $3.693, despite trading above that level Tuesday, and faded as a result Wednesday…
The end of 2016 was interesting to say the least for investors. The Federal Reserve finally raised rates by a sliver and the markets trended higher. This all occurred while pundits scrambled to interpret how a Donald Trump win will affect their 2017 market outlook for investors. For the month, the…
China Gets Competitive With US Retail Sales For the past several months we’ve seen a lot of headlines questioning growth in China. While those may hold merit, we can rest assured that their growth in retail has been very strong. I shared this on my blog the other day, but wanted…
Netflix Inc (NASDAQ:NFLX) has made a powerful move to become mobile friendly, and the impetus is larger than you might have imagined. The Storyline Netflix is going after the fastest growing part of technology in the world that is mobile video, and it’s doing it aggressively. First, we start with…
There are lots of ideas out there on what to trade. The trick is synthesizing news-you-can use from the noise. Choosing ideas from market gurus or investing veterans doesn’t make it a sure thing. But listening to ol’ timers…well, there is so much to be learned from experience. And I…
Folks, some followers requested that I take a look at the Emerging Markets Sovereign Debt ETF (NYSEARCA:PCY). Honestly, I hadn’t looked at this particular ETF before. But my initial thoughts are: wow, that was a perfect sell pattern setup. As I’ve said before, some patterns work, while some don’t –…
October was a mildly interesting month, as both bonds and stocks sold off moderately. Usually these asset classes move in opposite directions. The S&P 500 (INDEXSP:.INX) “total” return for October was -1.82%. Wall Street showed its hand, as stocks sold off on news of the FBI investigation of Clinton’s emails,…
The October official manufacturing PMI for China rose +0.8pts to 51.2, a 2 year high. The Markit/Caxin manufacturing PMI also rose to 51.2. The key driver of the gains in the official China PMI were a lift in (domestic) new orders, input prices, and production. This was a classic case…
WHAT WLL IT TAKE FOR $5.00 CORN AGAIN? This seems to be the question I’m getting most often these days with spot CME corn futures seemingly stuck in a $3.00 to $4.50 per bushel trading range for the better of the past 29 months. In fact the last time the…
