11/18/13..Summary The Dow Future has advanced 25 points to 15938. The US Dollar Index moved down 0.072 points to 80.734. Gold has eased 13.27 dollars to 1273.66. Silver is declining 0.2935 dollars to 20.3885. The Dow Industrials advanced 14.32 points, at 15976.02, while the S&P 500 slipped 6.65 points, last seen at 1791.53. The Nasdaq Composite moved down 36.94 points to 3949.03. Streaming charts of these markets are available 24/7 at MarketClub Currencies Snapshot Symbol Last Change % U.S $ INDEX 80.734 -0.072 -0.09% POWERSHARES DB US DOLLAR INDEX 21.7350 -0.0250 -0.11% US Dollar/Canadian Dollar 1.04321 +0.00011 +0.01% Euro/US Dollar 1.35010 +0.00118 +0.09% JAPANESE YEN Dec 2013 0.010004 +0.000025 +0.25% SWISS FRANC Dec 2013 1.0956 +0.0027 +0.25% CURRENCIES CURRENCIES: The March Euro currency closed up 8 points at 1.3500 today. Prices closed nearer the session low today. Bulls have regained the slight near- term technical advantage. The March Japanese yen closed up 31 points at 1.0016 today. Prices closed nearer the session high on short covering after hitting a four-month low Friday. Bears have the overall near-term technical advantage. Prices are in a seven-week-old downtrend on the daily bar chart. The March Swiss franc closed up 18 points at 1.0956 today. Prices closed near mid-range. The bulls have regained the slight near-term technical advantage. The March Canadian dollar closed up 9 points at .9551 today. Prices closed nearer the session low. Bears have the overall near-term technical advantage. Prices are in a two- month-old downtrend on the daily bar chart. The March British pound closed down 14 points at 1.6082 today. Prices closed nearer the session low today after hitting a three-week high early on. Bulls have the overall near-term technical advantage. The March U.S. dollar index closed down 0.082 at 81.011 today. Prices closed near the session high. The greenback bears have the overall near-term technical advantage. Energy Snapshot Symbol Last Change % CRUDE OIL Jan 2014 93.59 -0.90 -0.95% NY HARBOR ULSD HEATING OIL Jan 2014 2.9182 -0.0227 -0.77% NATURAL GAS Jan 2014 3.666 -0.042 -1.14% RBOB GASOLINE Jan 2014 2.6310 -0.0079 -0.30% POWERSHARES DYNAMIC ENERGY 55.2790 +0.1890 +0.34% UNITED STATES GASOLINE 56.980 -0.090 -0.16% ENERGIES ENERGIES: January Nymex crude oil closed down $0.94 at $93.56 today. Prices closed nearer the session low today. Prices are hovering near the recent 4.5-month low. Crude oil bears have the overall near-term technical advantage. An 11-week-old downtrend is in place on the daily bar chart. January heating oil closed down 197 points at $2.9212 today. Prices closed nearer the session low. Bears have the overall near-term technical advantage. Prices are in an 11- week-old downtrend on the daily bar chart. January (RBOB) unleaded gasoline closed down 68 points at $2.6319 today. Prices closed nearer the session high. The gasoline bulls and bears are on a level near-term technical playing field. January natural gas closed down 4.2 cents at $3.666 today. Prices closed near the session low. The nat gas bears have the overall near-term technical advantage. Food Snapshot Symbol Last Change % COCOA Mar 2014 2779 +49 +1.80% COFFEE Mar 2014 109.35 +0.25 +0.23% ORANGE JUICE-A Jan 2014 137.40 -0.90 -0.65% IPATH DJ-UBS SUGAR TRUST 60.1799 +0.5199 +0.87% IPATH DJ-UBS SOFTS TRUST 46.36 +0.32 +0.73% FOOD & FIBER SOFTS: March sugar closed up 22 points at 17.77 cents today. Prices closed nearer the session high on short covering after hitting a two-month low on Friday. Bears still have the near-term technical advantage. A steep four- week-old downtrend is in place on the daily bar chart. March coffee closed up 45 points at 109.55 cents today. Prices closed nearer the session high today and hit a fresh three-week high on tepid short covering in a bear market. The coffee bears still have the solid overall near-term technical advantage. March cocoa closed up $48 at $2,778 a ton today. Prices closed nearer the session high today and hit a fresh contract high. The cocoa bulls have the solid overall near- term technical advantage. However, a bearish broadening pattern has formed on the daily bar chart, which does warn of a topping process in this market. March cotton closed down 51 points at 77.69 cents today. Prices closed near the session low and are hovering near the recent 11.5-month low. Cotton bears have the solid near-term technical advantage. Prices are in a six-week-old downtrend on the daily bar chart. January orange juice closed down 80 points at $1.3750 today. Mild profit taking was featured. Prices closed nearer the session low after hitting a fresh two-month high today. The FCOJ bulls have the overall near-term technical advantage. Prices are in a steep four-week-old uptrend on the daily bar chart. January lumber futures closed up $3.40 at $366.90 today. Bulls have the overall near-term technical advantage. The next downside technical breakout objective for the lumber bears is pushing and closing prices below solid technical support at $350.00. I made $4 million my first two years trading.... later, to prove it wasnt luck, I turned a $12,822 account into $3.8 million in just 8 months. Kiplingers Magazine reports: It works! and is highly profitable. These are 100% LIVE, REAL-MONEY trading results. These are NOT theoretical trades... NOT hype... NOT B.S just real results from my extreme income strategies. Click here to see how I did it... Grains Snapshot Symbol Last Change % CORN Mar 2014 421.00 -9.50 -2.21% OATS Mar 2014 321.25 -2.00 -0.62% WHEAT Mar 2014 652.50 -2.00 -0.31% TEUCRIUM CORN 30.81 -0.68 -2.16% IPATH DJ-UBS GRAINS TRUST 44.04 -0.23 -0.52% ELEMENTS MLCX GRAINS INDEX TRUST 5.9600 -0.0100 -0.17% SOYBEANS Jan 2014 1287.5 +7.0 +0.55% SOYBEAN (MINI) Jan 2014 1287.500 +7.000 +0.55% SOYBEAN MEAL Jan 2014 410.5 +4.8 +1.19% TEUCRIUM SOYBEAN 23.2099 -0.2611 -1.14% GRAINS GRAINS: March corn futures closed down 9 1/2 cents at $4.21 Monday. Prices closed near the session low and hit a fresh contract low. Corn was pressured in part by news last Friday that the U.S. Environmental Protection Agency has backed off on its requirement to use a certain amount of ethanol in fuels. Corn bears are in solid overall near-term technical control. January soybeans closed up 7 1/4 cents at $12.87 3/4 a bushel Monday. Prices closed near the session high today on short covering. Soybean bulls have the slight overall near- term technical advantage. March soybean meal closed up $5.10 at $401.60 Monday. Prices closed nearer the session high on short covering. Bulls have the slight near-term technical advantage. March bean oil closed down 34 points at 40.78 cents Monday. Prices closed nearer the session low and hit a fresh six- week low today. The bean oil bears have the solid overall near-term technical advantage. March Chicago SRW wheat closed down 2 cents at $6.52 1/2 Monday. Prices closed near the session low and hit a fresh two-month low. Wheat bears have the solid near-term technical advantage. March HRW wheat closed down 3 3/4 cents at $6.96 1/2 Monday. Prices closed near the session low and hit a fresh two-month low today. The HRW wheat market bears have the solid near-term technical advantage. Indexes Snapshot Symbol Last Change % DJ 30 INDUSTRIALS 15976.02 +14.32 +0.09% NASDAQ COMPOSITE INDEX (COMBINED) 3949.03 -36.94 -0.93% S&P 500 CASH 1791.53 -6.65 -0.37% SPDR S&P 500 179.42 -0.63 -0.35% QQQQ VOLATILITY INDEX 13.20 +0.82 +6.62% iShares RUSSELL 2000 INDEX 110.09 -0.74 -0.67% U.S. STOCK INDEXES GENERAL STOCK MARKET COMMENT: The U.S. stock indexes closed mixed today after hitting new record and for-the-move highs early on. Some bearish comments from stock market bigwheel Carl Icahn helped to pressure the indexes today. Amid a quieter geopolitical front, the economic report highlights for this week appear to be the German ZEW business survey on Tuesday and the U.S. Federal Reserves FOMC minutes on Wednesday afternoon. The Organization for Economic Cooperation and Development Monday reported the collective GDP of the worlds 34 major economies rose by 0.5% in the third quarter, from the second quarter. Asian stock markets rallied Monday following the release late Friday of a new economic reform plan from China, following its Communist party meeting earlier last week. The plan opens up the financial and stock market sectors more, and eases restrictions on investment. Interest Snapshot Symbol Last Change % T-BONDS Dec 2013 133.18750 +0.65625 +0.49% iShares FLOATING RATE NOTE 50.65 -0.01 -0.02% 5 YEAR T-NOTES Dec 2013 121.835938 +0.156250 +0.13% ULTRA T-BONDS Dec 2013 141.46875 +1.03125 +0.73% POWERSHARES SENIOR LOAN PORTF 24.805 -0.025 -0.10% INTEREST RATES March U.S. T-Bonds closed up 19/32 at 131 21/32 today. Prices closed near the session high on more short covering and in the wake of bullish comments last week from Fed chair nominee Janet Yellen. Bond market bears still have the overall near-term technical advantage. Livestock Snapshot Symbol Last Change % FEEDER CATTLE Jan 2014 164.300 -1.525 -0.92% LEAN HOGS Feb 2014 89.850 -0.425 -0.47% LIVE CATTLE Feb 2014 132.875 -1.925 -1.43% IPATH DJ-UBS LIVESTOCK TRUST SUB 27.4600 -0.2900 -1.05% LIVESTOCK LIVESTOCK: December live cattle closed down $1.50 at $131.90 Monday. Prices closed nearer the session low on heavy profit-taking pressure from recent gains. The cattle futures bulls still have the overall near-term technical advantage. Cash market fundamentals remain overall bullish, too, as cash cattle trade last week fetched higher money. January feeder cattle closed down $1.55 at $164.27 Monday. Prices closed near the session low. The feeder bulls have the slight near-term technical advantage but are fading. December lean hogs closed down $0.25 at $85.65 Monday. Prices closed near mid-range today. The hog market bears have the near-term technical advantage. Prices are in a steep three-week-old downtrend on the daily bar chart. Metals Snapshot Symbol Last Change % GOLD Dec 2013 1273.6 -13.8 -1.07% SPDR GOLD SHARES 122.93 -1.39 -1.12% SILVER Dec 2013 20.390 -0.337 -1.62% PALLADIUM Dec 2013 717.15 -15.50 -2.11% DIREXION DAILY GOLD MINERS BEA 35.3600 +1.9790 +5.93% POWERSHARES DB PRECIOUS METALS 41.5600 -0.5600 -1.33% PRECIOUS METALS METALS: December gold futures closed down $14.00 an ounce at $1,273.40. Prices closed nearer the session low today on more chart-based selling pressure. Not much new. The gold market bears have the overall near-term technical advantage. Prices are in a three-week-old downtrend on the daily bar chart. December silver futures closed down $0.322 an ounce at $20.405. Prices closed nearer the session low and hit a fresh 3.5-month low. Silver bears have the overall near- term technical advantage and gained fresh downside momentum today. December N.Y. copper closed down 185 points at 315.25 cents today. Prices closed nearer the session low and closed at a fresh 3.5-month low close today. Last weeks price action saw a big and bearish downside breakout from a sideways and choppy trading range. Bears have the near-term technical advantage. Top Stocks # symbol name last net % volume score triangles 1. BAC BANK of AMERICA CORP 14.925 +0.005 +0.03% 142,303,127 +90 Entry Signal 2. MU MICRON TECH 19.290 -0.171 -0.88% 47,069,043 +90 Entry Signal 3. S SPRINT 7.645 +0.225 +3.03% 31,350,171 +90 Entry Signal 4. ZNGA ZYNGA 3.835 -0.185 -4.60% 25,148,515 +90 Entry Signal 5. C CITIGROUP 50.80 +0.40 +0.79% 25,029,568 +90 Entry Signal 6. ALU ALCATEL-LUCENT 4.00 -0.16 -3.85% 24,561,982 +90 Entry Signal 7. PBR PETROLEO BRASILEIRO SA 17.89 +0.62 +3.59% 22,392,055 +100 Entry Signal 8. INTC INTEL 24.59 +0.07 +0.29% 21,951,094 +90 Entry Signal 9. YHOO YAHOO! 34.99 -0.48 -1.35% 18,660,205 +90 Entry Signal 10. ONVO ORGANOVO HOLDINGS 12.72 +0.22 +1.76% 17,401,663 +90 Entry Signal Top Futures # symbol name last net % volume score triangles 1. YM.Z13.E DJ $5 (E-MINI) Dec 2013 15938 +25 +0.16% 125,080 +100 Entry Signal 2. NIY.Z13.E NIKKEI 225 INDEX YEN INDEX Dec 2013 15165 -140 -0.91% 43,980 +100 Entry Signal 3. CC.H14.E COCOA Mar 2014 2779 +49 +1.80% 16,400 +100 Entry Signal 4. NKD.Z13.E NIKKEI 225 INDEX $ INDEX Dec 2013 15190 -140 -0.91% 15,550 +100 Entry Signal 5. SM.H14 SOYBEAN MEAL Mar 2014 401.6 +5.1 +1.29% 14,548 +100 Entry Signal 6. ZT.H14.E 2 YEAR T-NOTES Mar 2014 110.078125 +0.015625 +0.01% 11,322 +100 Entry Signal 7. CC.K14.E COCOA May 2014 2776 +46 +1.69% 3,231 +100 Entry Signal 8. MFS.Z13.E MSCI EAFE INDEX Dec 2013 1882.8 -0.4 -0.02% 2,594 +100 Entry Signal 9. BZ.K14.E CRUDE OIL BRENT LAST DAY May 2014 106.94 -0.13 -0.12% 1,180 +100 Entry Signal 10. CC.N14.E COCOA Jul 2014 2774 +43 +1.58% 994 +100 Entry Signal Thank you! Thank you for subscribing to INO Evening Commentary from INO. If you want to subscribe to our other email services, or would like to modify your profile please visit our email services page. To subscribe a friend or join other market lists, visit our email services page. To unsubscribe, visit here. U.S. Government Required Disclaimer - Commodity Futures Trading Commission Futures and Options trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures and options markets. Dont trade with money you cant afford to lose. This is neither a solicitation nor an offer to Buy/Sell futures or options. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this web site. The past performance of any trading system or methodology is not necessarily indicative of future results. CFTC RULE 4.41 - HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. 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Posted on: Tue, 19 Nov 2013 01:10:45 +0000
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