Hello traders everywhere! Jeremy Lutz here with your mid-day market update for Friday, the 11th of May.
While Adam is away we will be providing the daily update in written form each day, with videos on Monday, Wednesday, and Friday each week.
DailyXchange
Post and prosper with other MarketClub members everyday.
2 Stocks on the move: DIS (Walt Disney), PGN (Progress Energy).
DON'T FIGHT THE MARKET … MOVE WITH THE MARKET! Continue reading "Daily Video Update: JPMorgan loss slams bank stocks"
By John Payne, Senior Broker with Daniels Trading
The corn trade has been incredibly complicated as of late. The situation is one that projects both the most bullish and bearish of set ups, simultaneously. So what is anyone involved in the grain trade supposed to do? What do we focus on going forward that will project prices higher or lower? If market participants or advisors look closely, they will see a Jekyll and Hyde type market that doesn’t come around that often.
Corn futures are now an environment with a two-tiered structure. On one hand, we have the old crop, or cash corn market (grain that is in the bin or would be ready for use immediately). This market is showing bullish characteristics with a historically tight supply on hand. The one factor, beyond all things, that triggers me as a buyer of cash or front month corn futures is the strong basis being reported in Decatur, IL (heart of corn belt) and in the Gulf of Mexico where the export terminals are. As of today, those basis levels are as strong as we have seen in recent times. Continue reading "The Game Plan for Investing in Today's Corn Market"
By The Associated Press
Thursday was the day the Dow Jones industrial clawed its way back into positive territory after six losing days in a row.
The Dow had been on its longest losing streak since August before gaining almost 20 points on Thursday. Stocks got a boost from a drop in new unemployment applications, as well as Spain's move to take over a debt-laden bank. Investors took that as a sign that Spain was working aggressively to avoid needing a bailout. Continue reading "How the major stock indexes fared on Thursday"
Hello traders everywhere! Jeremy Lutz here with your mid-day market update for Thursday, the 10th of May.
While Adam is away we will be providing the daily update in written form each day, with videos on Monday, Wednesday, and Friday each week.
DailyXchange
Post and prosper with other MarketClub members everyday.
3 Stocks on the move: DIS (Walt Disney), PFE (Pfizer), and NWSA (News Corp).
DON'T FIGHT THE MARKET … MOVE WITH THE MARKET! Continue reading "Daily Update: Stocks gain on unemployment report"
Over the weekend I had an interesting conversation with a local trader. We typically meet a few times a year to share our market outlooks, new trading tools and techniques, and usually finish our session off in a debate about the US market manipulation and how to trade around it.
Talking about market manipulation always opens up a can of worms and sparks some interesting theories… And while everyone has their own views and opinion on this subject I thought I would briefly share the main points I pulled from our conversation.
I did talk about the dollar index last week, but the recent price action unfolding today is important so I’m going to recap on it again. Continue reading "The Dollar and Manipulation Control the Market"
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