Nasdaq 100 Futures Close At A New Record
Nasdaq 100 futures rallied to a new high, closing above 2700 for the first time. The December contract is in the number one slot on the Momentum-5 List and gained 53.00 on the day to close at 2694.50.
Orange Juice Hits 20-Day High
Orange juice futures have jumped to a 20-day high on dry weather forecasts in Brazil and weaker-than-expected crop harvest forecasts in Florida.
Cocoa And Coffee Crumble
Cocoa and coffee fell more than 4% each today. From the Implosion-5 List, December cocoa [CCZ9>CCZ9] dropped to a new contract low, ending down 38 at 840.
Cocoa Drops To New Contract Low, Coffee Pulls Back
Cocoa gapped down on the open and is trading at a new contract low this morning.
Gold Tumbles, Coffee Soars
Moving in opposite directions, gold and coffee made impressive moves in the market today. Oil futures also moved higher, rallying late in the day.
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.
Greenspan Speech Extends Bond And Stock Index Rally
Fed Chairman Greenspan told a group of executives that technology helped the economy expand at a rapid clip without producing inflation.
Greenspan Hypes Tech And Nasdaq 100 Futures Soar To New High
In the Fed Chief’s speech to CEOs in Boca Raton, Florida last night, Greenspan endorsed technology and left the impression he would not raise interest rates in the near future.
Ideal Economic Data Boosts Bonds And Indexes, Oil Sinks
T-bonds and stock indexes rallied on economic reports showing weaker-than-expected employment costs and price growth and an economy that is growing in-line with expectations.
Bonds And Stock Indexes Rally On Contained Inflation Data
T-bonds and stock indexes are sharply higher following economic reports showing weaker-than-expected employment costs and an economy that is growing in-line with expectations.
Have Bonds Hit The Bottom?
A weaker-than-expected durable goods order boosted T-bonds [USZ9>USZ9]. The December contract rose 20/32 to 111 15/32 and finished on their high of the day, presenting a slightly positive technical pattern a day before gross domestic product and employment cost index data.
Dollar And Yen Hit 20-Day Highs
Both contracts are on the Momentum-5 List and are rallying against the Swiss franc and British pound (francs are on the Implosion-5 List).