Another Day another …

…All time Highs in NDX, INDU and SPX Been there, done that.Lumber trading Limit bid as news regarding some types of Wood Flooring will be exempt from China tariffs Lumber liquidators +3.5% and lumber following. the negative sentiment regarding U.S./china trade talks has disappeared the path of Least resistance appears to be higher.Lean hogs flirting with Limit down in the deferred months possibly due to some Demand worries,Front month December losses limited by stronger Carcass values reported this afternoon. A tweet from @rcwhalen saying that the Fed has unwound 40% of Quantitative tightening since September,QE=Buy Stocks simple as that I guess.

Natural gas -4.4%,last week Monday it was down 5.4% The pattern shows markets reacting to the change in Forecast over weekend vs Fridays outlook. Today’s Mid Day weather leans warmer,Talk of A Warmer December and EIA saying December Shale production to be higher then November all add to gas trading lower, Weakness more pronounced in Front month then deferred,

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.