Interpreting market movements in a whole new way
Interpreting market movements in a whole new way
Futures have now rolled to the September expiration although volume still remains strong in the prior period contracts. The profile chart below reflects the current expiration so does the table with key-levels. Not much of a gap or departure from value when you factor overnight price action which has remained net-long. We are about 7 … Continue reading “Premarket report for the S&P futures”
Read MoreValue area has migrated lower from yesterday’s reading and the weekly unemployment news of claims falling by just 9000 for the week wasn’t what the street was expecting indicative of a sputtering restart of the economy. Regardless, we dipped in nicely below the Fibonacci stops as is customary of such days where if you happen … Continue reading “Premarket summary for the Emini S&P futures”
Read MoreIn intraday trading today AUD/USD has turned lower after failing to decisively breach above the 0.7760 level shown on the chart below for the spot pair. The currency pair appears headed back toward a measurable SMA [50-period], which could offer support as it has since early April. Bearish momentum appears to be grabbing hold as … Continue reading “AUD/USD and 6A [AUD] analysis”
Read MoreThis edition for trading week ending Friday May 28, 2021. A. Summarization of this past week’s market and forward looking thoughts We started the week with the S&P less than 2% from the all-time high [4238.04] while the NASDAQ entered trading on Monday on what was the largest four-week losing streak. Many analysts including me, … Continue reading “TGSwings weekly swing trade newsletter”
Read MoreAustralia’s key commodity exports. Iron ore, thermal coal and oil prices have all increased further since the previous Statement, while a number of other commodity prices are also higher. The benchmark iron ore price has increased by 16 per cent since the previous Statement to beat its highest level in a decade. Demand for iron … Continue reading “Active forex trades for the overnight session on May 20, 2021”
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