Any source/impressions for opening calls?
Well it appears SPM will open near its Friday low at/near 2260. (Thought we had done enough--market had priced in corona)
SPM substantially lower--more panic fueled FUTURES selling (but will it last until actual markets open?).
Crude is lower, but respecting previous lows--no new low.
Bonds higher than Friday, but no where near the high.
Dollar lower, yen, swiss, euro up.
Gold trying the higher side,
MY QUESTION (Is anyone out there to reply?) IS IT TIME TO FADE THESE OPENINGS?? (Further Note: futures locked 8 minutes into trading)
Well...we are in uncharted territory but i think still too soon.
ETA i think we test 1800 at least
I dunno TJC but im short 4 euro from1.06920 tonite-watching this volatility like a freakin' hawk.
UNL -6c down to 54c This is unreal
CLK got down to $21
ngj 1.540 -.064
Dow futures lock limit down again.
The main thing that matters to the markets right now are the coronavirus numbers and what they think will happen next based on news reporting.
After the numbers start dropping, the markets will stop speculating over how bad it could get and the panic will diminish.
We came off of lock limit down in the Dow Futures.
Beans +5c
Wheat +2c
Corn -3c
Until we pick up demand for unl with driving so more ethanol can be blended, corn will have a rough time.......and the weather forecast turned bearish for corn over the weekend.
It's been too wet/cold for early planting but and soils are saturated but we have a pattern chance to warm and dry for the midwest.
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No surprise-out of those Euro shorts with,thank goodness, a manageable loss.