The Heidler talks commodities for the week that was.
The Heidler’s take on the week in equities focuses on the A bull market is a market in which prices are RISING (encourages buying)... S&P, crude oil, SPDR, healthcare, and consumer staples. Think he missed something? Add your thoughts in the comments.
In this week in commodities, The Heidler offers his commentary on Natural Gas, Gold, the Fed, and Soybeans specifically. And hey, if you see things a bit differently, leave him a comment.
The week in equities with The Heidler. Winners, losers, and everything in between.
Previous Markets Posts
Here’s Heidler’s take on the week in grains, metals, and energy.
With the exception of the grains and crude, commodities fared ok this week. Nat Gas took a bit of a dip, but this is normally the bottoming season for it.
It was a relatively uneventful week until today. Things were shaping up to have the major indices finish in the positive until President Trump, in one tweet, referred to Chinese President Xi as an enemy and equated Fed Chair Powell to a communist party leader.
Wow. This week was amazing for movement in gold, silver and energy. Gold and silver caught a huge fear bid from the trade war fallout. This week, however, took the rally to extremes.
Interesting to look at these numbers. They don’t really tell the story. The real action started in the pre-market on Monday morning, the 5th, after China pegged the midpoint of the yuan against the dollar at a weaker level than 7 to 1, which has been seen as a line-in-the-sand for the pairing.
All options expired worthless and premiums were kept
Beans stayed below 10.00 a bushel and these options expired worthless
I expect a rise in beans. This trade needs only a 35 cent rise in the next 10 weeks to reach the profit goal of…
Welcome to this week’s edition of the Traders Trading Weekly. Each Monday we update you on trades we are looking at for the upcoming week.