Thursday, September 2, 2010
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October sugar closed up 65 points at 20.40 cents yesterday. Prices closed nearer the session high and hit a fresh six-month high yesterday. The key “outside markets” were in a bullish posture for the sugar market yesterday, as the U.S. dollar index was solidly lower, while crude oil and [...]

Thursday, September 2, 2010
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JIM’S MARKET THOUGHT OF THE DAY *
Gold prices have been trending higher for the past six weeks and set a fresh two-month high on Wednesday. It’s my bias that in the coming weeks gold futures prices will establish a new all-time record high. The present record high is $1,270.60 [...]

Wednesday, September 1, 2010
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JIM’S MARKET THOUGHT OF THE DAY *
The first trading day of the month today finds investor risk appetite increasing, as stock and commodity markets are posting good gains, while the U.S. Treasury bonds and notes are seeing weaker prices. With so many expecting the next two months to be [...]

Tuesday, August 31, 2010
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October live cattle closed down $0.05 at $98.05 yesterday. Prices closed nearer the session low yesterday and saw mild profit-taking pressure. The cattle market bulls still have the solid overall near-term technical advantage, even though prices have backed off the recent contract high. There are still no early technical [...]

Tuesday, August 31, 2010
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JIM’S MARKET THOUGHT OF THE DAY *
Today is the last trading day of the month, which does make today technically more significant. Monthly high or low closes in a market are very technically significant. Also, fund managers like to even up positions before the end of the month, which [...]

Monday, August 30, 2010
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November soybeans on Friday closed higher, near the session high and closed at a bullish weekly high close. Bulls have regained fresh upside near-term technical momentum after fading a bit recently. The soybean bulls have the overall near-term technical advantage. The next upside technical objective for the bulls is [...]

Monday, August 30, 2010
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JIM’S MARKET THOUGHT OF THE DAY *

Financial, stock and currency market traders this week are awaiting what will likely be the most mmarket-sensitive piece of economic data this week: Friday’s U.S. jobs report. Look for more subdued trading in those markets, heading into Friday morning’s jobs report. It will [...]

Friday, August 27, 2010
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October gold was higher overnight as it extends the rally off July’s low. Stochastics and the RSI are overbought, diverging but are neutral to bullish hinting that additional strength is possible near-term. If October extends the rally off July’s low, the 87% retracement level of the June-July decline crossing [...]

Friday, August 27, 2010
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Note: I am out of the office today and my friend and fellow trader/analyst Ken Seehusen produced my morning report. The format is a bit different. but I think you’ll enjoy Ken’s style, too. -Jim
The STOCK INDEXES & MARKETS
The September NASDAQ 100 was higher overnight due to short covering. [...]

Wednesday, August 25, 2010
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JIM’S MARKET THOUGHT OF THE DAY *
Tuesday’s U.S. existing home sales report that showed a very sharp decline in sales in July is yet another warning that the next few months could see some strong headwinds for the U.S. economy and for the U.S. stock market. The U.S. stock [...]

Wednesday, August 25, 2010
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December corn futures closed down 12 1/4 cents at $4.30 1/2 yesterday. Prices closed nearer the session low yesterday and saw profit-taking pressure. No serious chart damage was inflicted yesterday, but the bulls do not want to see strong follow-through selling pressure on Wednesday that would likely produce significant [...]