Market News & Insights

Foreign Trade Is THE Canary In The Coal Mine

How Donald Trump’s protectionist trade policies (whether tariffs/border adjustment taxes) impact the US economy is really not well understood. And therefore they are hard to realistically value, especially since there is so much at stake and so many disparate stakeholders. We can thus far assume this: Although the proposal for…

Market Update: Adjusting To The New Economic Climate

Each money manager and/or investor has a process that helps them determine when, how and how much to invest. The process that I use starts by looking at whether the United States and/or global economy is expanding or contracting. In other words, I first try to determine whether the global…

Crude Oil Technical Update: Market Bulls Face Hurdles

There’s been very little change in the outlook for crude oil over the past week. Fundamental and technical hurdles remain but from a price perspective, traders are awaiting a major “break” in either direction. Crude Oil Technical Picture West Texas crude oil (WTI) is trading just above $53 per barrel, as it…

“Fed Up” Book Review: Taking A Look Behind The Curtain

Danielle DiMartino Booth, a former Dallas Federal Reserve official, released a new book this week entitled Fed Up. The book, a first-person account of the inner-workings of the Federal Reserve (Fed), provides readers with unique insight into the operations, leadership, and mentality of what is unquestionably the world’s most powerful…

U.S. Corn Futures Weekly Outlook: Is The Rally On?

March corn futures moved higher this week, closing up 9 ¼-cents per bushel week-on-week, finishing Friday (2/10) at $3.75 ½. March corn futures (CH7) closed at its highest level since July 13th, 2016. The big question now:  Can the rally continue? WEEKLY MARKET HIGHLIGHTS U.S. Ethanol Stocks Continue to Climb: In…

3 COT Report Charts For Commodities Traders (Feb 3)

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…

Markets In Flux: Investors Facing More Chaos In 2017

Confusion, Chaos and Conflict In my last weekly commentary I referenced a book that referred to Donald Trump as the ‘Chaos Candidate’. What we have witnessed in the last two weeks sure fits the definition of chaos: We have seen contentious nominee hearings. We have seen Democrats boycott the hearings to…

Under Armour (UAA) Blows Through Buy Pattern Support

Near the end of 2016 a BUY pattern presented itself on the Under Armour (NYSE:UAA) stock chart and I communicated that here. Chart patterns are all about probability and some work, while some don’t.  But the math is usually good at highlighting inflection areas. The buy pattern identified $26-$28 as…

Market Update: Stocks Grinding But Trends Point Higher

The popular averages broke out of a seven-week trading pattern last week carrying many stock market indices to new record highs. The climb to new high ground was broad based with the NYSE Composite Index of more than 2000 companies hitting a new high for the first time since 2015….

U.S. Corn Futures Weekly Price Outlook: Brazil In Focus

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…