Currently viewing the tag: "Daniel Flynn"

 The Nikkei extends the selloff do to the Bank of Japan’s inaction on the rallying yen prices. The selloff however did not spill over to the U.S. stocks so far. We have a busy day with reports and the rest of the week is no different. Starting at 9:00 A.M we have Construction Spending and […]

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A lot of news today with more earnings and with those earnings we will be watching Exxon Mobile, Chevron and Conoco Phillips which should not paint a pretty picture of the current state of the U.S. economy. While we will have scores of other earnings we also have reports at 7:30 A.M. Employment Cost Index […]

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Starting at 7:30 A.M. we start the day with 1st Quarter GDP, weekly Export Sales and Initial Jobless Claims. At 9:30 the weekly EIA Gas Storage and earnings coming in by the bushel. Speaking of bushels on the Corn front the May Corn is currently trading at 381 ½ which is ¾ of a cent […]

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 Yesterday’s quiet trading day may be a little louder today. The FED is not expected to raise rates but the verbiage after the announcement and earnings could make for an interesting day. A lot of chatter in the Energy sector where the weekly API showed Crude supplies fell 1.1 million barrels. And Exxon Mobil’s downgrade […]

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After the funds pukes out of their heavy short positions, the U.S dollar versus the Brazilian real, weather patterns in the U.S. and South America are having the Grains trade in Sybil mode. The talks of pros and cons if we are going to experience La Nina also has investors scrambling to take profits early. […]

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Halliburton and Baker Hughes merger talks are on hold for now which will delay Halliburton’s earnings until May 5th with layoffs of 6000 in the first quarter. The Energy markets showed weakness but are now bouncing back. In the overnight electronic session the June Crude Oil is currently trading at 4344 which is 29 points […]

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Later in today’s trading session we will have rig counts at high noon after that at 2:00 P.M. the Cattle on Feed and Cold storage reports heading into barbeque season which could see all commodity prices on the rise. Speaking of moving markets in the overnight electronic session Grains are in profit taking mode after […]

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The heavy shorts in the Grains finally took notice and the complex rallied enough even for me to blush. If the complex continues to rally we will hear the old chants of “Beans in the teens or drop your jeans.” On the Corn front the market is currently trading over the $4 level in the […]

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Kuwait Oil workers called off their strike and are back to work. Last night’s API data showed builds in Crude of 3.1 million barrels even though the floods in the Houston area should eventually show up in a disruption of movement in product. The EIA Energy Stocks could show confirmation in the Builds the API […]

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The Grains continue to ride the wave this Tuesday morning. Investors are calling for another break to the downside. However, rains that flooded the south are on the way to the Mid-West which could keep farmers off the field again which could further add premium to the market prices. If we have flooding in the […]

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No Deal in Doha, Qatar this weekend. A meeting that was supposed to be a meeting of the minds became a meeting of no minds or just a simple Homer Simpson event. With OPEC and non-OPEC members feeling the economic pinch and they could not come to a consensus proves lack of credibility with Saudi […]

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Energy futures sold off on reports Iran’s oil minister will not attend the OPEC non-OPEC meeting Sunday in Doha, Qatar. My take on this is profit taking before the storm that is driving prices lower and really “Who Cares”. We do not need Iran in the fold anyway. They are more of a no count […]

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