July First Day Bullish For US Markets

The last day of 2nd quarter for the US markets has been bearish. Stock Traders Almanac gives Dow a 68% chance of being down. Since 2000, Dow has been down 57% of times. However, the average return is not much. We also think that the last day of the 2nd quarter is not a trade-able event. In…

Trade Alert: A Sweet Ending in June

In late May we had outlined our sugar trading strategy in the summer. We entered the trade in June 4th. This year our trade has done quite well. The exit window for the trade has opened up. Today’s price action convinces us to exit the trade. For reporting purposes we will use June 27th closing…

Trade Alert: Buy a Pound

Early in June we had entered long trades in our long British Pound in June strategy. Now comes another opportunity to enter this trade. We usually follow four entry strategies.On close of June 11th, we had issued three trade alerts. The fourth one will trigger at the close of June 27th. We will hold this trade till mid-July. We will send…

Market Notes – Thursday June 26th, 2014

8:30 AM: Unemployment claims in line @ 312K Core PCE Price Index m/m also in line @ 0.2% Personal Spending m/m disappointed @ 0.2% vs. 0.4% expected Personal Income m/m also disappointed @ 0.4% vs. 0.5% expected eMini hardly budged – 15Min chart Market Notes 7:00 AM: EMini futures are in the middle of a horizontal channel. On…

Market Notes – Wednesday June 25th, 2014

Economic Report 2:00 AM – GfK German Consumer Climate of 8.9 beat the consensus of 8.5 3:00 AM – Spanish PPI y/y were better @ -0.4% vs. -0.6% 3:00 AM – Austrian Industrial Production (YoY) came at 0.4% vs. 0.8% forecast 3:00 AM – Dutch GDP (YoY) were 0.0% vs .-0.5% 4:00 AM – Italian Retail Sales…

Market Notes – Tuesday June 24th, 2014

Economic Report 4:00 AM – German Ifo Business Climate of 109.7 missed the forecast of 110.3. German DAX is struggling to get off the lows. 4:30 AM – UK BBA Mortgage Approvals beat at 41.8K but GBP/USD is lower 9:00 AM – US S&P/Case-Shiller Composite-20 HPI y/y reading of 10.8% disappointed the forecast of 11.7%; HPI…