Gold Plunges, Coffee Percolates
Gold and coffee are moving sharply in opposite directions, continuing the volatile trading that has characterized these contracts during the past month. Gold is trading at a one-month low and coffee gapped up and is trading at a ten-day high. .
T-bonds are making good on their Turtle Soup Plus One Sell set up.
Also setting up for a possible reversal, Dow futures are trading at their Turtle Soup Plus One sell trigger.
Four Market Bias Indicators pointing down suggest stock index futures could trade lower.
Here are the highlights around noon Eastern time:
Stock Index and Bond Futures•December T-bonds [USZ9>USZ9]: -14/32 to 113 5/32
• December S&Ps [SPZ9>SPZ9]: -6.70 to 1369.50
• December Dow futures [DJZ9>DJZ9]: -50 to 10,760.0
• December NASDAQ 100 futures [NDZ9>NDZ9]: +2.00 to 2656.00
Currencies
•December dollar index futures [DXZ9>DXZ9]: +.33 to 99.26
•December British pounds [BPZ9>BPZ9]: -.0044 to 1.6404
Energies•December crude [CLZ9>CLZ9]: +.41 to 22.16
•December unleaded gas [HUZ9>HUZ9]:
•December heating oil [HOZ9>HOZ9]: +.0091 to .5890
•December natural gas [NGZ9>NGZ9]: -.061 to 2.900
Metals•December gold [GCZ9>GCZ9]: -9.9 to 290.4
•December silver [SIZ9>SIZ9]: +2.5 to 520.5
Grains•December soybean oil [BOZ9>BOZ9]: -.20 to 16.10
Meats•December lean hogs [LHZ9>LHZ9]: -1.250 to 45.275
Softs and Fibers•December cocoa [CCZ9>CCZ9]: +10 to 884
•December coffee [KCZ9>KCZ9]: +7.80 to 108.00