US Markets

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…

Market Update: Weighing Investor Sentiment Indicators

Forward progress for the stock market was halted in mid-December and since the peak the popular averages have traded in a very narrow range amidst elevated investor sentiment. What Gives? The post-election rally was interrupted when stocks became over-bought and uncertainty surfaced surrounding the timing tax of reform and other…

U.S. Corn Futures Price Outlook: Is A Breakout Coming?

March corn futures moved higher this week, closing up 11 ¼-cents per bushel week-on-week, finishing on Friday (1/20) at $3.69 ¾. With the January WASDE report now distinctly in the rearview mirror, the market focus shifted this week to more positive pricing trends for both U.S. corn demand and potentially…

Trump, Federal Reserve Weigh On 2017 Market Outlook

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…

Market Commentary: Recapping 2016 And Navigating 2017

Summarizing The 2016 Market Action: Since the election, the economic data continues to show that the US economy is starting to grow. A growing economy favors stocks over bonds. I have been increasing the amount devoted to stocks gradually since early December. In general, of my accounts may have around 30%…

US Corn Weekly Price Outlook & Review – January 15

March corn futures moved slightly higher this week, closing up a ½-cent per bushel week-on-week, finishing on Friday (1/13) at $3.58 ½. The market focus all week was on the USDA’s January 12th WASDE report, which contained not only the U.S. and World supply and demand revisions from December, but…

Yahoo Stock (YHOO) Update: Time For A Trend Change?

Yahoo! Inc. (NASDAQ:YHOO) has been in the news a lot over the past few years. Whether it be acquisitions, speculation about being acquired, operations, or valuation, it’s been covered. And with the stock under pressure into 2016, the news wasn’t always cheery. But if we look at a long-term linear…

US Corn Weekly Price Outlook: Hurdles Remain

March corn futures moved slightly higher this week, closing up 6-cents per bushel week-on-week, finishing on Friday (1/6) at $3.58. Despite the higher weekly price action, Friday’s 3 ¼-cent lower close was yet another indication CH7 still has strong overhead, technical resistance in the $3.64 to $3.69 per bushel ranges….