TradeThink

Market Update for Wednesday September 8th

admin — Wed, 08 Sep 2010 16:47:08 +0000

Market update for Wednesday September 8th. The Dow is currently +74 @ 10,415. The US Dollar, Treasuries and Equities markets continue to do their flip flop from one day to the next.

Treasuries are lower by -0′170 @ 124′100 on the Dec Ten Year Notes and the Sep Bund is +0.22 @ 133.42. The US Dollar Index is -0.36 @ 82.485 and the major currencies are mixed. The Sep Euro is +0.0043 @ 1.2743, the Pound is +0.0157 @ 1.5499 and the Yen is -0.000024 @ 0.011913 on the Sep contract.

Fuels are higher with the Oct Brent Crude Oil +0.85 @ 78.59 and Dec Gas Oil +16.50 @ 671.50. Metals are mixed with Dec Gold -2.20 @ 1257.10 and Dec Copper +0.0290 @ 3.4995.

Grains are mixed on the day with Dec Corn -1/2 @ 465 3/4, Dec Wheat -9 3/4 @ 725 1/2 and Nov Soybeans +3 @ 1055.

Meats are +0.175 @ 112.600 on the Nov Feeder Cattle. Sugar is -0.0005 @ 0.2140 on the Oct contract.

Market Update for Tuesday September 7th

admin — Tue, 07 Sep 2010 16:08:17 +0000

Market update for Tuesday September 7th. The Dow is currently -81 @ 10,366. The US Dollar and Yen are in rally mode as European debit concerns are raised again.

Treasuries are higher by +0′185 @ 124′190 on the Dec Ten Year Notes and the Sep Bund is +0.97 at 133.13. The US Dollar Index is +0.68 @ 82.750 and the major currencies are mixed. The Sep Euro is -0.0157 @ 1.2721, the Pound is -0.0131 @ 1.5315 and the Yen is +0.000099@ 0.011941 on the Sep contract.

Fuels are mixed with the Oct Brent Crude Oil -0.14 @ 76.73 and Dec Gas Oil +1.00 @ 658.50. Metals are mixed with Dec Gold +8.10 @ 1259.20 and Dec Copper -0.0215 @ 3.4785.

Grains are mixed on the day with Dec Corn -1/2 @ 464 1/4, Dec Wheat -9 1/4 @ 732 and Nov Soybeans +4 3/4 @ 1039 3/4.

Market Update Monday September 6th

admin — Mon, 06 Sep 2010 15:09:04 +0000

Market update for Monday September 6th. Stock index futures are up slightly while the US equity markets are closed for this Labor Day holiday. Treasuries are higher by +0′025 @ 124′030 on the Dec Ten Year Notes. The US Dollar Index is -0.0050 @ 82.075 and the major currencies are mixed. The Sep Euro is +0.0002 @ 1.2880, the Pound is -0.0044 @ 1.5402 and the Yen is +0.000034 @ 0.011876 on the Sep contract.

Fuels are mixed with the Oct Brent Crude Oil -0.05 @ 76.62 and Dec Gas Oil +9.25 @ 657.75. Metals are higher with Dec Gold +0.30 @ 1251.40 and Dec Copper +0.0125 @ 3.5125.

Grains are closed for the holiday.

Market Update for Friday September 3rd

admin — Fri, 03 Sep 2010 17:38:00 +0000

Market update for Friday September 3rd. The Dow is currently +96 @ 10,416. No Farm payrolls were released with few than expected job cuts. Expectations were to lose 100k jobs while 54k were reported. Treasuries are lower by -0′150 @ 124′025 on the Dec Ten Year Notes. The US Dollar Index is -0.425 @ 82.075 and the major currencies are mixed. The Sep Euro is +0.0076 @ 1.2888, the Pound is +0.0056 @ 1.5452 and the Yen is -0.000017 @ 0.011857 on the Sep contract.

Fuels are mixed with the Oct Brent Crude Oil -1.26 @ 75.67 and Dec Gas Oil +0.25 @ 649.75. Metals are mixedwith Dec Gold -3.00 @ 1250.40 and Dec Copper +0.0080 @ 3.5035.

Grains are up across the board on the day with Dec Corn +16 1/2 @ 464, Dec Wheat +26 @ 739 3/4 and Nov Soybeans +26 @ 1035.

Have a wonderful Labor Day holiday.

Market Update for Thursday September 2nd

admin — Thu, 02 Sep 2010 17:49:07 +0000

Market update for Thursday September 2nd. The Dow is currently +3.63 @ 10,273.10. Things are pretty flat going in to the big Labor Day weekend. Treasuries are lower by -0′080 @ 124′175 on the Dec Ten Year Notes. The US Dollar Index is -0.045 @ 82.505 and the major currencies are mixed. The Sep Euro is +0.0015 @ 1.2811, the Pound is -0.0061 @ 1.5382 and the Yen is +0.000033 @ 0.011872 on the Sep contract.

Fuels are higher with the Oct Brent Crude Oil +0.23 @ 76.58 and Dec Gas Oil +2.50 @ 657.50. Metals are higher with Dec Gold +5.10 @ 1253.10 and Dec Copper +0.0125 @ 3.4900.

Grains are mixed on the day with Dec Corn -1 3/4 @ 445, Dec Wheat +7 3/4 @ 716 1/2 and Nov Soybeans -1 @ 1004 1/2.

Market Update for Wednesday September 1st

admin — Wed, 01 Sep 2010 17:58:07 +0000

Market update for Wednesday September 1st. The Dow is currently +240.75 @ 10,255.47. It’s all about the manufacturing numbers in the U.S. and China today..

Treasuries are way lower by -0′280 @ 124′24 on the Dec Ten Year Notes. The US Dollar Index is -0.740 @ 82.515 and the major currencies are mixed. The Sep Euro is +0.0140 @ 1.2802, the Pound is +0.0123 @ 1.5454 and the Yen is -0.000060 @ 0.011836 on the Sep contract.

Fuels are higher with the Oct Brent Crude Oil +1.93 @ 76.57 and Dec Gas Oil +6.50 @ 657.50. Metals are mixed with Dec Gold -14.10 @ 1246.20 and Dec Copper +0.1005 @ 3.4705 erasing yesterdays gains.

Grains are mixed on the day with Dec Corn +5 1/2 @ 444 3/4, Dec Wheat +17 1/4 @ 703 and Nov Soybeans -3 1/4 @ 1006 3/4.

The major commodities markets typically move big to the upside when the US Dollar tanks like it has today (gold being the big exception). Pretty decent volume today, but very choppy markets for the last week and change.

Just My Word for Tuesday August 31st

admin — Tue, 31 Aug 2010 15:56:09 +0000

I love how the news comes out each day on the equities markets saying investors are scared one day and confident the next. Back and forth they go everyday trying to rationalize the market movement. Guess what? The equities markets move on rumor and news. The commodities markets move on strength and weakness. It is nice to take a measurment of the markets every now and then, but it is important to not get caught up in the news of the day. Best to sit back and follow the trend.

Market Update for Tuesday August 31st

admin — Tue, 31 Aug 2010 15:54:22 +0000

Market update for Tuesday August 31st. The Dow is currently +47.25 @ 10,057.25. Slightly higher consumer confidence is to blame for today’s minor market swing.

Treasuries are moving higher by +0′080 @ 127′17 on the Dec Ten Year Notes. The US Dollar Index is -0.225 @ 83.00 and the major currencies are mixed. The Sep Euro is +0.0047 @ 1.2713, the Pound is -0.0121 @ 1.5343 and the Yen is +0.000082 @ 0.011891 on the Sep contract.

Fuels are lower with the Oct Brent Crude Oil -0.88 @ 75.72 and Dec Gas Oil -5.75 @ 649.75. Metals are mixed with Dec Gold +11.10 @ 1250.30 and Dec Copper -0.0425 @ 3.3870 erasing yesterdays gains.

Grains are mixed on the day with Dec Corn + 1/4 @ 441 3/4, Dec Wheat +3 @ 707 1/2 and Nov Soybeans -1 @ 1021 1/2.

So much for trading picking up before the end of Summer, these are some seriously choppy markets today.

Market Update for Monday August 30th

admin — Mon, 30 Aug 2010 17:23:58 +0000

Market update for Monday August 30th. Concerns over the economic recovery were hightened today after conumer spending rose 0.4% vs. only a 0.2% increase in American income.

The Dow is currently lower by -48.51 @ 10,102.14. Treasuries are moving higher by +0′290 @ 126′030 on the Sep Ten Year Notes. The US Dollar Index is higher by 0.205 @ 83.175 and most major currencies are lower with the exception being the Yen. The Sep Euro is -0.0057 @ 1.2674, the Pound is -0.0045 @ 1.5467 and the Yen is +0.000090 @ 0.011805 on the Sep contract.

Fuels are slightly mixed with the Oct Brent Crude Oil -0.14 @ 76.51 and Dec Gas Oil + 2.50 @ 655.25. Metals are higher with Dec Gold +1.40 @ 1239.30 and Dec Copper making a 4 month high +0.0470 @ 3.4315.

Grains are all higher on the day with Dec Corn +6 1/4 @ 442 1/4, Dec Wheat +21 @ 716 and Nov Soybeans +1/4 @ 1026 1/4.

Trading seems to be picking up slightly after last week. Next week after the Labor Day Holiday expect to see some nice movements in the markets.

Market Update for Friday August 27th

admin — Fri, 27 Aug 2010 16:52:21 +0000

Market update for Friday. Big move today has been in the Treasuries after Bernanke showed little direct indication of buying up more Treasuries than currently planed.

The Dow is +121.77 @ 10,107.58. The Sep US Dollar is -0.10 @ 82.885. The Currencies are mixed with the Euro +0.0050 @ 1.2752 and the GBP -0.011 @ 1.5512. The Sep Yen is hardest hit -0.000139 @ .011719.

Metals, Fuels and Grains are currently all to the upside. In the Metals Dec Gold is +1.90 @1239.60 and Dec Copper is +0.0655 @ 3.3910. Oct Brent is +1.01 @ 76.03 and Gas Oil is +5.50 @ 654.50. The Grains are showing some of the nicer moves to the upside with Nov soybeans +9 3/4 @ 1024 1/4, Dec Wheat + 6 3/4 @ 695 1/4 and Dec Corn + 6 3/4 @ 438 3/4.

Look for trading to stabalize and find more consistent trends after Labor Day.