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Weekly Grain Market Recap
The grain markets took a collective step back this week, with each of the major contracts settling the week in negative territory. The most disappointing aspect to this week’s price action was the December corn contract, which closed lower each day of the week aside from modest gains on Friday. The geopolitical risk premia building […]
Amazon Earnings Provide Relief to Stock Indices
Amazon and Intel beat earnings, fueling a relief rally. PCE numbers come in hot as consumers continue to spend. TRANSCRIPT Good afternoon, traders. It’s Chris Chavez with Blue Line Futures and it’s your daily midday market minute. We’ve got a lot of economic data here this morning. Amazon and Intel reported yesterday propping up the […]
Is it Time to Buy GOOG?
Bill Baruch lays out why to buy GOOG after the earnings flush in his final trade on the CNBC Halftime Report Thursday October 26th. TRANSCRIPT Who’s got alphabet up there? I do. Overdone. It’s plain and simple. Overdone. I mean, the ad revenue beat, but obviously it’s the cloud here. And I think they’re one […]
Panic Sets In, Where Will Markets Stabilize?
Actionable levels for the E-mini S&P, E-mini NQ, Crude Oil, Gold, and Silver (futures). We want to reserve the report for our clients and free-trail participants. Check out Tuesday’s full report here: https://bluelinefutures.com/2023/10/24/will-mondays-bullish-tailwinds-continue/ To get your hands on this valuable research, please sign up for a Free Trial: https://www.bluelinefutures.com/equities
Are Cattle Futures Set to Rebound?
Talks of a firm cash trade circled yesterday afternoon, will that help futures recover some of this week’s losses? Live Cattle Technicals (December – Z) December live cattle futures traded on both sides of unchanged yesterday as the market continues to catch its breath following Monday’s sharply lower session. Rumblings of a strong cash market […]
U.S. Strikes two Iranian targets in eastern Syria overnight
The precious metals are weaker after yesterday’s mixed session. TRANSCRIPT The precious metals are weaker after yesterday’s mixed session. You have gold down $5.19 91. Silver down $0.05, 20 to 85. Copper’s up three at 3.62 and platinum down two at 906. So some overnight news that we’re monitoring here. U.S. forces had attacked two […]
Soybeans Find Their Footing Into Options Expiration
Soybean futures were under pressure yesterday but have found their footing in the overnight and early morning trade as November options are set to expire at today’s close. Corn Technicals (December) Corn futures marked their fifth consecutive lower close yesterday, the longest losing streak since the 8-day streak that started back in late July. With […]
Earnings Continue to Weigh on Stocks
Tech earnings continue to put pressure on stocks, despite lower treasury yields. GDP comes in under Atlanta Fed GDP estimates, and jobless claims show a slight uptick. TRANSCRIPT Good afternoon traders. It’s Chris Chavez with Blue Line Futures and it’s your daily midday market minute earnings season is continue to weigh on stock indices. But […]
Levels to Watch as World Tensions Rise
We want to reserve the report for our clients and free-trail participants. Check out Tuesday’s full report here: https://bluelinefutures.com/2023/10/24/will-mondays-bullish-tailwinds-continue/ To get your hands on this valuable research, please sign up for a Free Trial: https://www.bluelinefutures.com/equities
Will Good Export Sales Data Help Cattle Bottom?
Good export sales this morning were a bright spot for the cattle Bulls who have seen dismal numbers in recent weeks. Will that encourage buyers to come back into the market? Live Cattle Technicals (December – Z) December live cattle futures were a little less choppy yesterday as the market continued to digest the volatility […]
Corn Marks Its Longest Losing Streak Since Summer. Where’s Support?
Corn futures marked their fourth consecutive day of losses, the longest losing streak since the 8-day streak that started in late July. These are the levels we are keeping a close eye on as we look towards the end of the week. Corn Technicals (December) Over the last several months the market has presented plenty […]
Israel Prepares for the “Next Stage” Boosting Safe-Haven Assets
TRANSCRIPT Good morning. It’s Thursday, October 26, about 6 p.m. Central Time. Overnight, the precious metals are firmer. You have December gold up $2.19 97. Some silver up $0.11, 23, 11 December, copper up one at 360 and January, Platinum up four at 916. So some overnight news you have Israel launches the next raid […]
Google Earnings Weigh on Stocks
Google misses cloud growth expectations and shares are sharply lower, putting pressure on stock indices. Housing data comes in mixed, and yields are higher. TRANSCRIPT Good afternoon, traders. It’s Chris Chavez with the Blue Line Futures and it’s your daily midday market minute Google earnings are putting pressure on stock indices. But before we get […]
Precious Metals Consolidate Overnight Awaiting Mid-East Developments
Some headlines that we’re monitoring and the precious metals markets overnight. TRANSCRIPT Good morning. It’s Wednesday, October 25th, about 6 a.m. Central Time. Overnight, the precious metals are weaker after yesterday’s insider trading day. December gold down $3.19 82. Silver, Silver down $0.16 to 95. Some were copper down one at 361 and January, platinum […]
Know this Critical Point of Balance
Actionable levels across E-mini S&P, E-mini NQ, Crude Oil, Gold and Silver (futures). We want to reserve the report for our clients and free-trail participants. Check out Tuesday’s full report here: https://bluelinefutures.com/2023/10/24/will-mondays-bullish-tailwinds-continue/ To get your hands on this valuable research, please sign up for a Free Trial: https://www.bluelinefutures.com/equities
Are We Nearing A Bottom?
Cattle markets have been extremely volatile to start the week which has led to sharply lower prices. Are we nearing a short term bottom? Live Cattle Technicals (December – Z) Yesterday’s live cattle trade went about as expected, volatile and choppy on both sides, acting as a meat grinder for newcomers with weak hands on […]
Cocoa pushes to Multi-decade highs!
Cocoa, sugar and coffee all remain firmly in a bull trend, eyeing new multi-month and multi-year highs. Cocoa Technicals (December) Cocoa futures flipped to a Bullish trend on October 18 at 3672, where only a close below 3520 will take the market back to a Neutral Trend. Bias: Bullish/Neutral Previous Session Bias: Bullish/Neutral Resistance: 3750-3800*** Pivot: 3552 […]
Are Grain Markets Headed Lower?
Grain markets are weaker in the early morning trade with corn futures on the brink of a technical breakdown. Is the market headed for new lows? Corn Technicals (December) December corn futures broke and closed below our pivot pocket yesterday which has opened the door for follow-through pressure in the overnight and early morning trade. […]
Stocks Struggle to Breakout Ahead of Earnings
S&P Global Services PMI comes in better than expected, and stocks are off of major resistance levels. Google and Microsoft report earnings after the bell. TRANSCRIPTGot some flash PMIs here this morning. They came out better than expectations. S&P Nasdaq off of major resistance. But before we get to it, if you’re watching this video […]
Treasury Yields Jump After a Two-Day Short Covering Rally
10-Year Treasury Yields jump to 4.86% after a tow-day short covering rally. 10-Year Treasury-Notes Technicals (December) After a two-day short-covering bid in Treasuries, treasury yields rallied to 4.86% overnight. Prices have been in a Bearish Trend since July 6th at 111-070. It would take a push through 108-212 to shift traders back to a Neutral […]
Will Monday’s Bullish Tailwinds Continue?
Actionable ideas to manage risk and tackle markets, covering the E-mini S&P, E-mini NQ, Crude Oil, Gold and Silver. E-mini S&P (December) / E-mini NQ (December) S&P, yesterday’s close: Settled at 4241.75, down 6.75 NQ, yesterday’s close: Settled at 14,712.00, up 48.00 E-mini S&P and E-mini NQ futures roared higher after an opening bell shakeout. […]
Livestock: Escalator Up 📈 Elevator Down 🔻
Cattle markets have come under fire over the last several sessions as long liquidation from Funds has pressured prices back to levels not seen since June. Is the market nearing a bottom or is there more selling to come? Live Cattle Technicals (December – Z) Expanded limits for 10/24/2023: 10.00 Live cattle got hit hard […]
Grains Markets Flutter as Harvest Pushes On
Grain markets are mixed in the early morning trade with corn and wheat lower while soybeans have edged higher. Here are the trading levels to keep an eye on for today’s trade. Corn Technicals (December) December corn futures continued to bleed lower in yesterday’s trade which has bled into weakness in the overnight and early […]
Precious Metals Under Pressure as Traders Rotate into Crypto 🪙
The Metals Minute w/ Phil Streible TRANSCRIPT Good morning. It’s Tuesday, October 24, about 6 a.m. Central Time. Overnight, the precious metals are weak after yesterday’s pullback. You have gold on $12.19 75. Silver down $0.24. 22. 96. Copper is down one at 358 and platinum is down 13 at 892. So a couple of […]