January 2018 Editors Comments

Monday, 04 December 2017 08:31 Melissa Moore

Special Historical Reports

Hottest off the press:

2017 Historical Indices: this 186-page volume contains seasonal analysis of the major US stock indices futures, such as S&P500, DJIA, NASDAQ 100, Russell 2000, S&PMidcap 400, and also several of the major international indices; with 170 trading strategies for year-round trading ideas.

Recently published:

2017 Historical Metals: this 84-page volume contains seasonal analysis for gold, silver, platinum, and copper; seasonal patterns and weekly charts for each delivery month; includes 72 seasonal and spread strategies for year-round trading ideas.

2017 Historical Interest Rates: this 222-page volume of seasonal analysis for not only US Treasury bonds and notes and Eurodollars but also several international sovereign debt instruments; with 206 seasonal and spread strategies for year-round trading ideas; also introduces ratio spreads recognized by US exchanges for margin purposes.

CRB & Physical Commodities

Although it closed down hard on the last day of November at 189.17,
the CRB Index closed higher for the third successive month.  It was
still not far off major weekly resistance at 195-196 probed
first in June 2016 and then again December 2016-February 2017.

This time it has reached 192.99 so far.  It is struggling here,
but it has risen from its low last June at 166.48.  In doing so, it
again crossed above its 50-week moving average, which now resides
at 184.32.  Neither its stochastics nor RSI is particularly overbought
on a weekly basis, but both daily indicators have turned down.

Is/was this a correction?  The 50-day moving average (dma) at 186.79
is above the 200 dma at 182.10.  Perhaps, after three drives up, this
is/was a typical two-steps back move toward the 50-week ma.  If it
holds, then it may challenge 195-196 again the fourth time.

On the first day of December, political events drove the US dollar
and stock indices sharply lower and bonds sharply higher.  Crude oil
stormed higher, grains and soybeans rose, precious metals appeared
to reverse back up.  Will most of those be one-day wonders
knee-jerk reactions to the day's news?  Or are they the first
signs of something else?

All will eventually be revealed, but, until then, maybe we should
be ready to ...

Trade 'em,

Jerry Toepke
Last Updated on Monday, 04 December 2017 08:33