Thursday, September 2, 2010
The S&P futures surged higher yesterday, posting a remarkable defense of our previously highlighted key long-term uptrend line and the psychological 1050 level.  Buying in the4 S&P futures returned with a vengeance after U.S. manufacturing PMI data came in at 56.3, topping analyst expectations of 53.2.  Considering investors have only been receiving [...]

Tuesday, August 31, 2010
Gold is holding steady around $1230/oz despite rising volatility in the risk trade.  Investors snapped up the Dollar and Yen again yesterday as the S&P futures tumbled back below their psychological 1050 level.  Comments from the Jackson Hole Summit weren’t able to soothe investor uncertainty and the safe-haven trade is clearly dominating [...]

Tuesday, August 31, 2010
The S&P futures were subject hefty selling pressure today and are still trending lower at the moment as investors sent the S&P back below its psychological 1050 level.  The S&P’s negative performance on Monday came without noteworthy data and news, meaning investor sentiment has clearly soured.  Monday’s losses negate Friday’s gains and [...]

Monday, August 30, 2010
Gold is continuing its consolidation above $1230/oz as investors digest results from the Jackson Hole Summit.  Bernanke’s tone was rather bleak, as anticipated, and the Fed chairman iterated the central bank’s defensive posture should U.S. fundamentals weaken further.  The Fed’s widening monetary stance could spell a weaker Dollar over the medium-term, which [...]

Monday, August 30, 2010
The S&P futures are holding strong today while consolidating around Friday highs after equities posted a solid rally in reaction to remarks from Bernanke and a prelim GDP figure one basis point above analyst expectations.  Bernanke emerged from Jackson Hold in a defensive posture as anticipated, iterating the Fed’s defense of the [...]

Friday, August 27, 2010
Gold is consolidating below weekly highs as investors prep for what should be a busy trading session.  The UK will print revised GDP and the U.S. will release prelim GDP.  Should these data points disappoint then investors could be inclined to buy up gold once again in order to hedge from risk.  [...]

Friday, August 27, 2010
The S&P futures are back below their psychological 1050 mark as investors sell ahead of today’s busy trading session.  The UK will kick off the session by printing revised GDP and investors are expecting growth of 1.1%.  The U.S. will follow with prelim GDP and analysts are looking for a cool down [...]

Thursday, August 26, 2010
Gold is taking another step higher today as investors pick up the precious metal with investor uncertainty on the rise amid a flurry of staggering U.S. data.  New home sales hit an all-time low yesterday and durable goods orders fell well shy of analyst estimates.  Should today’s weekly unemployment claims figure top [...]

Thursday, August 26, 2010
The S&P futures made an encouraging recovery from Wednesday lows in what we perceive was a relief rally in the wake of oversold conditions.  Yesterday’s resilience could bode well for the S&P futures over the remainder of the week even if U.S. fundamentals deteriorate.  Additionally, we pointed out the significance of 1050 [...]

Wednesday, August 25, 2010
Gold is eyeing previous August highs after the precious metal got a huge boost from investor uncertainty stirred up by yesterday’s alarming U.S. existing home sales figure.  The weakest existing home sales reading in over a decade sent investors towards safe-haven assets and gold was clearly a beneficiary along with the Yen.  [...]

Wednesday, August 25, 2010
The S&P futures find themselves subject to hefty selling pressure yesterday after existing home sales rang in at 3.83 million, far below estimates of 4.68 million.  Such weak housing data sent investors towards the exits in what has been a very indecisive market.  Yesterday’s alarming housing figure could be tipping markets in [...]