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 [...]

Thursday, September 2, 2010
Stocks surged today on the back of positive US and China manufacturing data,even though construction spending was down in the states.  Amidst all the market pessimism today’s data was obvisouly greeted with open arms, however you shouldn’t be getting bullish just quite yet.  Technically we took out the previous high and stopped [...]

Thursday, September 2, 2010
Asian stocks had a good night as the US manufacturing PMI report gave some confidence about the world economy.  The ECB announced it will extend emergency lending operations to aid lending; this gave equities and the Euro a short term boost.  In the US, jobless claims fell to 472K, this close enough [...]

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 [...]

Wednesday, September 1, 2010
Chinese and Euro Zone PMI reports both came in better than expected. The Chinese PMI keeps hopes alive for the world economy.  The EZ PMI along with decent auction results of Portuguese debt is giving the euro big strength.  In the US, The Challenger report showed that planned layoffs are at their [...]

Tuesday, August 31, 2010
Hello All,
We have our unemployment data to look forward to on Friday; however, it falls ahead of our labor day weekend so any fund manager not already on vacation will be squaring away over the next couple days.  Analysts expect our unemployment rate to rise 0.1% to 9.6%, but I have a [...]

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 [...]

Tuesday, August 31, 2010
The Case/Shiller Home Price Index for June rose; this was stronger than expected and gave stocks a bit of a boost.  Yesterday saw the slowest stock volume of the year.  At 8:45 we get the Chicago PMI, the consensus is for a drop of 6.3 to 56.0.  With a drop this big [...]

Monday, August 30, 2010
General Comments

Due to the upcoming Labor Day Holiday Weekend there will be no Weekend Review next week.  Please have a happy and safe holiday weekend!
Energies

Crude oil’s end of the week rebound should be short lived and ultimately seen as a mild bump on the road to fresh near term lows.  Target $64.50 [...]

Monday, August 30, 2010
The BOJ held an emergency meeting; afterward they announced it will expand the size of its bank lending program in an effort to stimulate their economy.  That move, combined with Bernanke’s “we’ll do all we can” speech on Friday started things out on a good foot last night.  The good feelings faded [...]