U.S. Stocks: - Ahead of the key CPI report, the S&P made a narrow rebound, while the Nasdaq saw its second consecutive gain, closing at a new record high. - Dow Jones: +0.32% - S&P 500: +0.48% - Nasdaq: +0.75% Commodities: - WTI June Crude Oil Futures: -$1.10, -1.39%, at $78.02/barrel (nine-week low) - Brent July Crude Oil Futures: -$0.98, -1.18%, at $82.38/barrel - COMEX Gold Futures: +0.87%, at $2363.5/ounce - LME Copper: -$72, at $10114/ton - New York Copper Futures: +5% a...
8th May 2024 (Wed) Daily Market Outlook Summary - What Is Happening In The Markets US markets took a breather last night after a strong 3-consecutive days rally that started last Thursday. Price action was sluggish due to the lack of any significant news. S&P500 futures closed marginally higher by +0.13% while NASDAQ futures closed flat. Traders now turn their attention to the upcoming US 10-year Note auction that would...
Good morning mooers! Here are things you need to know about today's market: ● S&P/TSX 60 Index Standard Futures are trading at 1,324.30, up 0.25%. ● Hot U.S. inflation signal throws Bank of Canada a curveball ● Crude oil prices stabilize after volatile first half-month as focus returns to fundamentals, Commerzbank says ● Policy that sealed Honda EV deal opens new chapter in industrial strategy Marke...
Oil prices were down 1% on Monday, erasing gains from Friday as Israel-Hamas peace talks in Cairo eased fears of a wider conflict in the Middle East and U.S. inflation data further dimmed the prospects of interest rate cuts anytime soon. Brent crude futures fell by as much as 98 cents, or 1.09%, to $88.52 a barrel by 0644 GMT. West Texas Intermediate (WTI) futures were down 83 cents, or 0.99%, at $83.02 a barrel. Stepped-...
$SPDR S&P 500 ETF(SPY.US)$ Intraday Market Crash The major indices took a nose dive today. The day started off somewhat bullish but ended on a very bad note. Markets have been very over extended for quite a while now, and many investors have been anticipating a correction very soon. Is what we saw today the start of the correction everyone has been waiting for? Bearish Technicals The first warning sign that I see in the technical picture is the fact th...
RIPPER :
Am I the only one who saw this fall coming? I’m confused because seems like most out there were caught off guard. All week long, I have had a gut feeling this exact fall was going to occur simply from my constant close observation of the moving averages. The patterns and overall movement of moving averages (throughout all time frames)TELL A STORY. Only saying that because I’m not the best trader in any way, shape or form, but it seems even the pros didn’t see it coming
RIPPERSpyderCallOP:
Yep, I had a couple of BIG bangers today. It’s a good idea right now, to sort through the tickers with the most meat on the bone, lowest IV that appear to be topped out. Yes, most I’m looking at appear to be completely topped out. If my original theory is correct, and this is the initial stage of transitioning from bull run to bear, then we are about to have some of the best opportunities of the entire quarter.
“Oil prices extended gains on Wednesday as a larger than expected fall in U.S. crude inventories and escalating geopolitical tensions raised investor worries about tighter supplies. Brent futures for June delivery rose 20 cents, or 0.22 per cent, to $89.12 per barrel, while U.S. West Texas Intermediate (WTI) crude futures for May climbed 17 cents, or about 0.2 per cent, to $85.32 a barrel, at 0015 GMT.”
U.S. crude stockpiles rise implies weaker demand, bearish for prices. Russian government's order to reduce oil output could push Brent oil price higher. Surge in cocoa prices expected to limit Hershey's earnings growth this year.
Brent Last Day Financial Futures(JUL4) Forum
- Ahead of the key CPI report, the S&P made a narrow rebound, while the Nasdaq saw its second consecutive gain, closing at a new record high.
- Dow Jones: +0.32%
- S&P 500: +0.48%
- Nasdaq: +0.75%
Commodities:
- WTI June Crude Oil Futures: -$1.10, -1.39%, at $78.02/barrel (nine-week low)
- Brent July Crude Oil Futures: -$0.98, -1.18%, at $82.38/barrel
- COMEX Gold Futures: +0.87%, at $2363.5/ounce
- LME Copper: -$72, at $10114/ton
- New York Copper Futures: +5% a...
- Dow Jones Industrial Average: -0.21%
- S&P 500 Index: -0.02%
- Nasdaq Composite: +0.29%
- 10-year US Treasury yield: -1.18 basis points, at 4.4845%
- 2-year US Treasury yield: -0.64 basis points, at 4.8591%
- WTI June Crude Oil Futures: +$0.86, +1.10%, at $79.12/barrel
- Brent July Crude Oil Futures: +$0.57, +0.69%, at $82.79/barrel
- COMEX Gold Futures: -1.04%, at $2369.1/ounce
- LME Tin and Zinc: +~2.3%
- LME Copper, Lead, and Nickel: +~1%
$Dow Jones Industrial Average(.DJI.US)$ $Nasdaq Composite Index(.IXIC.US)$ $S&P 500 Index(.SPX.US)$ $Crude Oil Futures(JUL4)(CLmain.US)$ $Brent Last Day Financial Futures(JUL4)(BZmain.US)$ $United Sts Brent Oil Fd Lp Unit(BNO.US)$ $Cboe/COMEX Gold Volatility Index(.GVX.US)$
Summary - What Is Happening In The Markets
US markets took a breather last night after a strong 3-consecutive days rally that started last Thursday. Price action was sluggish due to the lack of any significant news. S&P500 futures closed marginally higher by +0.13% while NASDAQ futures closed flat. Traders now turn their attention to the upcoming US 10-year Note auction that would...
● S&P/TSX 60 Index Standard Futures are trading at 1,324.30, up 0.25%.
● Hot U.S. inflation signal throws Bank of Canada a curveball
● Crude oil prices stabilize after volatile first half-month as focus returns to fundamentals, Commerzbank says
● Policy that sealed Honda EV deal opens new chapter in industrial strategy
Marke...
Brent crude futures fell by as much as 98 cents, or 1.09%, to $88.52 a barrel by 0644 GMT. West Texas Intermediate (WTI) futures were down 83 cents, or 0.99%, at $83.02 a barrel.
Stepped-...
Intraday Market Crash
The major indices took a nose dive today. The day started off somewhat bullish but ended on a very bad note. Markets have been very over extended for quite a while now, and many investors have been anticipating a correction very soon. Is what we saw today the start of the correction everyone has been waiting for?
Bearish Technicals
The first warning sign that I see in the technical picture is the fact th...
Brent futures for June delivery rose 20 cents, or 0.22 per cent, to $89.12 per barrel, while U.S. West Texas Intermediate (WTI) crude futures for May climbed 17 cents, or about 0.2 per cent, to $85.32 a barrel, at 0015 GMT.”
No comment yet