US Markets

Investor Optimism Spreads From Stocks To US Economy

The Dow Jones Industrials (INDEXDJX:.DJI) gained more than 3.0% last week and the Dow Transports hit a record high creating the backdrop for an attack on a new round number. Ditto for the S&P 500 Index (INDEXSP:.INX).  The dramatic surge in investor optimism, using contrary opinion, represents a short-term threat…

US Corn Futures Weekly Outlook: Is A Bottom Forming?

Inside the March corn futures rally: The corn market enjoyed a sharply higher trading prices early last week as momentum pushed March Corn Futures (CH7) up as high of $3.64 per bushel (its highest level since 11/8) on Tuesday. Corn prices would eventually give back some of those gains through Friday’s close,…

Portfolio Adjustments In Light Of Trump Election

The Election Earthquake “Trump’s election is the biggest political earthquake in the United States since the election of Ronald Reagan in 1980”, says Jim Rickards. Whether you are a republican, democrat or an independent, this election is one that I think we will all remember the rest of our lives….

Black Friday Consumer Spends Less But Data Strong

Black Friday has come and gone this November with consumers continuing to spend overall. The National Retail Federation claims that nearly 154 million consumers opened up their wallets per Black Friday spending data. Keep in mind the US election saw about 130 million voters turnout. Seems like people may care…

U.S. Corn Weekly Review & Price Outlook (November 26)

On Wednesday (11/23) federal regulators increased the amount of renewable fuels oil refiners will be required to blend into gasoline and diesel for 2017 up to 19.28 billion gallons. In what was seen as victory for the ethanol industry (and also corn producers), the EPA mandated a 1.2 billion gallon…

Market Gurus: Warren Buffett, Martin Pring, And Bryan Rich

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…

Stock Market Video: Trading Setups This Week (November 21)

The major U.S. stock market indices extended last week’s rally, making higher highs (and all-time highs in the case of the Russell 2000). This price action has left market bears in a bad position as they continue to wait for a meaningful retracement. The SPDR S&P 500 ETF (NYSEARCA:SPY) finished higher +0.96%;…

S&P 500 Chart Update: Is A Thanksgiving Week Pullback Coming?

S&P 500 Futures – Chart Insights The S&P 500 (INDEXSP:.INX) looks to be forming an ending diagonal of sorts on both the cash index and the futures.  Note the chart above is futures. This type of pattern forms when higher highs and higher lows create a triangle-like pattern – this has…

Emerging Markets Sovereign Debt (PCY) On The Ropes

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 –…