Getting Pumped
Gasoline futures are up sharply nearly 4% on the session, extending aone-week rally that has lifted the October contract
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PowerRating) 10% so far onthe week. One of the key features of the New York contract is that t
Grains Poised To Pop
Certain patterns
Bonds May Reverse, Softs Soft
T-bonds
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PowerRating) are setting up in a potential short-term topping formation on their intraday chart after eclipsing a recent multi-month high on the daily. This sets this market up for a potential s
Reality Sinks In
Stocks are trading narrowly mixed as traders digest the Feds affirmation Tuesday of what the market has been saying for months: the economy is weak. Stocks initially plunged following the Feds announcement of an expected .25% interest rate cut Tuesday. The Feds accompanying statem
The Confident Europeans
An unexpected gain in business confidence by German executives gave currencies, the leaders of the Momentum-5List, a boost in overnight trade. The more optimistic outlook on the economy from Western Europes largest country ups the chances that continental economies will perform slightl
The Natural Way To Cook The Books
Do you remember last week when natural gas had its
biggest up day of the year?
Do We Buy Or Sell?
Stock indexes are trading mixed as traders strive to get a handle on market direction following yesterdays post-Fed, dramatic selloff. The Dow, S&P 500, and Nasdaq caved after the Feds highly expected .25% interest rate cut announcement yesterday and traded below recent lows t
Pushing The Sell Button
The Fed states what the market has already been saying
Medicine Before The Fed
Markets are up slightly on the day of the Federal Reserves FOMC meeting on interest rate policy, but medical stocks are outperforming the broad market ahead of a widely expected 25-basis-point interest rate cut. The Dow is up 53 to 10,373, the Nasdaq is up 9.50 to 1891.03, and t
Driving Higher
Was it three days of vicious selling that took it down 14% or the Automobile Club of Americas statement that there will be more cars on the road through the end of the summer driving season this coming Labor Day? Both are playing a role today as unleaded gasoline
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Giving The Benefit Of The Doubt
Markets opened mixed Monday ahead of
the FOMC meeting scheduled
Rains On The Plains
Better-than-expected rains over growing states in the Midwest over the weekend got grains, and especially soybeans, starting lower. Grains have still not undercut their early August lows, keeping their bullish bias somewhat intact. But the current pattern of more than 25 trading days in