No Decision Hammers Naz
Marc Dupee will be out of the office until
November 10. In his absence this column is being written by TradersWire’s Duke
Heberlein.
Post-election uncertainty hammered stock index futures, hitting the Nasdaq
Futures contract
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close regular trading hours at 3070. December S&P futures
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the Dow futures
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not to the degree the Naz Dogs suffered, losing 28 and 98 points in their
respective contracts.
Metals appeared to be a flight to safety for the futures traders who did
venture in, as December gold
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into Globex trading. Bonds fared similarly with December T-bonds
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3-tick gain at 100^08.
Currency futures suffered losses for the second consecutive day, with only
December dollar index futures
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116.18. The Euro FX
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the ECB to intervene and prop up the currency. Swiss francs
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Japanese yen
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dollar
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red heading into the overnight markets.
Energy futures managed to finish the session mixed, with heating
oil
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solidly above its 20- and 50-day moving average, appearing to reverse its
downtrend. Crude oil
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session, to close at 33.24, and unleaded gasoline
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at .8742.
Corn
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List, added another 1 1/4 to the price of its contract, finishing at 216.
Soymeal
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December wheat
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In the softs, orange juice
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Soup Plus One Sell signal, reversing its sell-off to close near the top of
its range and placing it dangerously close to breaking out above an eight-week
cup formation. Coffee
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while December cocoa
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by the end of trading Wednesday.
January pork bellies
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contract able to end the day in the green, up 1.275 to 64.875. Lean hogs
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to pullback from their recent gains.