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Short Speculative Dollar Positions Remain at a Very High Lev

posted by topequitynews 578 days ago in USD, EUR, Daily made popular 578 days ago

The dollar continued to find support weaker than 1.40 against the Euro during Friday and generally consolidated just weaker than 1.39. With further G20 meetings during the weekend, there was a reluctance to take on additional positions which curb

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The week starts with risk on with the USD on the defensive

posted by topequitynews 578 days ago in USD, EUR, JPY made popular 578 days ago

The USD was sold off aggressively in yesterday’s Asian and European market. Traders took profit in the US session as stock market fell back from opening levels. On the data front, US Existing Home Sales surprised at 10% in September. The USDJP

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A Golden Cross for the S&P 500 Index

posted by topequitynews 578 days ago in Technical, Daily, Trading Psychology made popular 578 days ago

On Friday, the S&P 500’s 50-day moving average crossed above the 200-day moving average. This is often referred to as a “golden cross” because it indicates that the current positive direction of the market is likely to continue. This is often a l

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Livestock Futures Commentary from Jim Wyckoff -10/26/10

posted by topequitynews 578 days ago in Fundamental, Daily, Agriculture made popular 578 days ago

LIVESTOCK: December live cattle closed down $1.05 at
$100.65 today. Prices closed nearer the session low today
and saw profit-taking pressure from recent gains. Prices
Friday did close at a bullish weekly high close and
closed at a fresh

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Jim Wyckoff’s Morning Blog–Tuesday – 10/26/10

posted by topequitynews 578 days ago in Fundamental, Daily, Agriculture made popular 578 days ago

Many markets are still fixated on the deflated
value of the U.S. dollar against the other major
currencies. That’s been commodity-market bullish.
My bias is that in the coming weeks, the U.S.
dollar index will put in at least a near-term

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Chart Presentation: Copper and Bonds

posted by topequitynews 578 days ago in Technical, Daily, Metals made popular 578 days ago

Below is a chart comparison between the U.S. 30-year T-Bond futures and the ratio between copper and the CRB Index.
Today we are going to look at one possible outcome. This is not necessarily ‘the’ outcome but it certainly has the potential to r

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Livestock Futures Commentary – 10/26/10

posted by topequitynews 578 days ago in Daily, Agriculture made popular 578 days ago

December live cattle closed down $1.05 at $100.65 yesterday. Prices closed nearer the session low yesterday and saw profit-taking pressure from recent gains. Prices Friday did close at a bullish weekly high close and closed at a fresh five-week h

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No Better Buy

posted by topequitynews 578 days ago in Daily made popular 578 days ago

Today I will focus on the consumer discretionary sector, specifically the electronic retailers. In a recessionary environment, consumers tighten their purse strings and curtail spending on non-essential items like eletronics, vacations, and other

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Chart Presentation: Chart Pondering

posted by topequitynews 579 days ago in Technical, Daily made popular 579 days ago

In retrospect all markets trends make sense. The left side of the chart, after all, is much easier to read than the right side. In our daily work we attempt to find a succession of clues to help up build a thesis which we then proceed to stress t

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Short-Term Trend Appears to Be Losing Upside Momentum

posted by topequitynews 579 days ago in USD, Daily made popular 578 days ago

Consumer Discretionary stock sector Relative Strength Ratio rose above 4-month highs on 10/22/10 and remains bullish. XLY has been at the top of my sector rankings for more than a year and has outperformed substantially.
Materials stock sector R

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Jim Wyckoff’s Morning Blog – Monday 10/25/10

posted by topequitynews 579 days ago in Fundamental, Daily, Oil made popular 579 days ago

The historically worst two months of the year for
the stock market are almost over, and barring a
major meltdown this week, the U.S. stock indexes
will emerge from this timeframe in very good shape.
The good performance of the U.S. stock

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Grain Market Analysis 10/25/10

posted by topequitynews 579 days ago in Daily, Agriculture made popular 579 days ago

November soybeans on Friday closed slightly lower and near the session low on mild profit taking after hitting a fresh two-year high on Thursday. Soybean bulls still have the solid near-term technical advantage. A 15-week-old uptrend is in place

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