Monthly Analysis: Financials
The S&P 500 ($INX) remains in a major (long-term) 5-wave uptrend, with the 3-month selloff through late October looking to be a down wave (Wave 2 or 4) in the [...]
The S&P 500 ($INX) remains in a major (long-term) 5-wave uptrend, with the 3-month selloff through late October looking to be a down wave (Wave 2 or 4) in the [...]
The US dollar index ($DXY) extended its major (long-term) uptrend to a high of 107.35 during October before abruptly falling in early November. The October high was a test of [...]
Corn Cash Index: The monthly close-only chart of the cash index I track for basis and monthly available stocks-to-use provides the clearest picture of a major (long-term) trend for the [...]
Soybean Cash Index: The monthly close-only chart of the cash index I track for basis and monthly available stocks-to-use continues to show a classic head and shoulder top pattern. The [...]
The Barchart National HRW Wheat Price Index (HWPI, weighted national average cash price) extended its major (long-term) downtrend to a low of $5.8669 during September and closed at that mark. [...]
Live Cattle (Cash Index): The live cattle cash index resumed its major (long-term) uptrend as it posted a high of $184 during September. Resistance is still at the June high [...]
Brent crude (QA) is in a major (long-term) uptrend after posting a new 4-month high of $88.10 during August. The spot-month contract extended the move to a high of $97.67, [...]
The S&P 500 ($INX) remains in a major (long-term) 5-wave uptrend, with the 2-month selloff fitting with the normal seasonal pattern for August and September. While the Benjamin Franklin Fish [...]
The US dollar index ($DXY) rolled into a major (long-term) uptrend as it first posted a new 4-month high beyond 104.70 then a new 2023 high beyond 105.88. The next [...]
Corn Cash Index: The monthly close-only chart of the cash index I track for basis and monthly available stocks-to-use provides the clearest picture of a major (long-term) trend for the [...]
Soybean Cash Index: The monthly close-only chart of the cash index I track for basis and monthly available stocks-to-use continues to show a classic head and shoulder top pattern. The [...]
The Barchart National HRW Wheat Price Index (HWPI, weighted national average cash price) moved back into a major (long-term) downtrend as it posted a new low of $6.4658 during August. [...]
Live Cattle (Cash Index): It's a tough call on the monthly chart for the live cattle cash index. August saw a second consecutive month of a standoff, closing at $179.00. [...]
Brent crude (QA) is in a major (long-term) uptrend after posting a new 4-month high of $88.10 during August. The initial upside target is near $94.50, the 38.2% rertracment level [...]
The S&P 500 ($INX) remains in a major (long-term) 5-wave uptrend. Seasonally, the S&P tends to move lower during August and September before rallying through the end of the year.. [...]
The US dollar index ($DXY): I'm going to call this a major (long-term) sideways trend for now, something that looks to have become a familiar theme at the end of [...]
Sticking with last month's Analysis: The monthly close-only chart of the cash index I track for basis and monthly available stocks-to-use continues to follow a similar path to what was [...]
Sticking with the Analysis from last month: The monthly close-only chart of the cash index I track for basis and monthly available stocks-to-use continues to show a classic head and [...]
The Barchart National HRW Wheat Price Index (HWPI, weighted national average cash price) continued to consolidate during July after posting a bullish outside range during May. The index remains oversold [...]
Live Cattle (Cash Index): Technically, the cash market remains in a major (long-term) uptrend as it closed July at $179.00. However, the cash market is looking top heavy as it [...]
Brent crude (QA) looks to be in a major (long-term) sideways trend between the previous 4-month high of $87.49 and 4-month low of $68.20. A bullish reversal would be completed [...]
The S&P 500 ($INX) remains in a major (long-term) 5-wave uptrend, extending the move during July to 4,607.07. After 5 consecutive higher monthly closes, the S&P would be expected to [...]
The US dollar index ($DXY) remains in a major (long-term) downtrend on its monthly chart with a downside target near 99.00. The USDX posted a low of 99.58 during July [...]
Changing it up a bit: The mostly close-only chart of the cash index I track for basis and monthly available stocks-to-use continues to follow a similar path to what was [...]
Changing it up a bit: The monthly close-only chart of the cash index I track for basis and monthly available stocks-to-use continues to show a classic head and shoulder top [...]