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Thu, May 25th, 2023
ERI’s John Shegerian to Share Insights on E-Waste and the Circular Economy at Circularity 23

The event is designed to offer thought-provoking keynotes and actionable breakouts.

U8M23 : 29,861.00s (-13.70%)
Mixed Morning for Cotton Market

Morning cotton prices are currently on both sides of UNCH, as the market initially pushed lower overnight but has since firmed up. The front month cotton futures dropped 1.9% to 3.3% on Wednesday with...

CTN23 : 81.85 (+0.16%)
CTV23 : 80.64s (-3.27%)
CTZ23 : 80.02 (-0.32%)
Export Sales Day for Hog Market

Thursday’s hog trade will react to yesterday’s Cold Storage and the Export Sales data due later this morning. Lean hogs were mixed on Wednesday, with gains for the deferred contracts and 2 to 87 cent...

HEM23 : 79.800s (-1.08%)
HEQ23 : 80.400s (-0.03%)
KMM23 : 83.275s (-1.51%)
Cattle Market to Price in Beef Data

Live cattle were up $0.60 to $1.82 on Wednesday. The June contract flipped back to net positive for the week after fading Monday and Tuesday and posted a new LoC high. USDA reported TX cash sales near...

LEM23 : 166.100s (+1.11%)
LEQ23 : 164.125s (+0.95%)
LEV23 : 168.375s (+0.72%)
GFK23 : 208.975s (+0.57%)
GFQ23 : 234.525s (+0.45%)
Wheat Futures Lightly Red so far

Wheats are trading lightly weaker in CBT after a tight overnight range, though KC HRW is down by 3 to 6 cents and near the overnight lows extending the midweek selloff. Preliminary OI data had KC wheat...

ZWN23 : 605-6 (unch)
ZWU23 : 618-2 (unch)
ZWPAES.CM : 5.4521 (-2.86%)
KEN23 : 806-6 (-0.68%)
KEPAWS.CM : 7.7874 (+0.02%)
MWN23 : 798-0 (-0.13%)
Soybeans Mostly Continuing Lower

Soybeans are again mixed with firmness in July and weakness in the new crop. July is off the overnight low and trading half a cent higher ahead of the weekly USDA Export Sales report. Soybean futures were...

ZSN23 : 1325-0 (unch)
ZSPAUS.CM : 13.0499 (+0.02%)
ZSQ23 : 1256-2 (-0.20%)
ZSU23 : 1193-0 (-0.21%)
Modestly Higher Corn Trade into FAS Report

AM corn futures are working fractionally to 1 3/4 cents higher ahead of the weekly FAS data. Corn and oats futures stood out as several of the ag futures fell on Wednesday. The front month corn futures...

ZON23 : 340-0 (+3.11%)
ZCN23 : 589-0 (+0.30%)
ZCPAUS.CM : 6.2149 (+0.30%)
ZCU23 : 515-6 (unch)
ZCZ23 : 521-2 (+0.24%)
Precious Metals Minute with Phil Streible (5/25/2023)

Gold, Silver, and Copper all bounce off key levels of support, while Crude Oil gives you another opportunity to add positions. Phil Streible discusses the Precious Metals markets, U.S. Equity Futures,...

DA Calls for Extended Public Input Period on Scrap Metal Ban Proposal

The DA has maintained its stance against the ban in the past.

Alamos Gold Announces Closing of Manitou Gold Acquisition

Alamos is a Canadian-based intermediate gold producer with diversified production from three operating mines in North America.

MTU : 6.64 (+0.30%)
AGI : 12.48 (-3.03%)

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History in the making 👇 $NVDA https://t.co/eJe3xKPFhK
Barchart
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Do Triple Top Chart Patterns exist? (Doing a poll as there appears to be some debate from the earlier Gold tweet)
Barchart
@Barchart
Nvidia $NVDA is expected to derive 50-60% of its 2023 revenue from artificial intelligence according to research from JP Morgan. Here is a list showing the % of revenue other companies expect to earn this year from AI: https://t.co/2zbQ0y7dyq
Barchart
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Potential Triple Top for Gold? H/T: @Callum_Thomas https://t.co/06Cyi4QuSM
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Updated Nvidia $NVDA Trader's Cheat Sheet based on yesterday's closing price https://t.co/mnCQkWqY7c
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Treasury Bills maturing around the U.S. Treasury's "X" date are yielding more than 6% which is higher than some corporate bonds sold by junk-rated companies https://t.co/GzprhP5gHM
Barchart
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Food inflation proving sticky in the UK as the average cost of an English Breakfast is up an average of 22% year-over-year. In fact, every single item that makes up Bloomberg's Breakfast Index has increased since April 2022. https://t.co/pPdQYJqp5R
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Expectations of a Federal Reserve June interest rate hike are increasing. Fed swaps are now pricing in a 40% chance of a 25bps hike in June. https://t.co/oAw2rwUUcC
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Did you miss today's webinar "Barchart's Indispensable Tools for Trading the Futures Markets?" No worries as it's now available on our YouTube Channel 👇 Link: https://t.co/ALIauEbvMG https://t.co/ALkessSiUD
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Fed Governor Christopher Waller believes additional interest rate hikes are coming and won't support a pause right now https://t.co/Ny5iinaycM
Barchart
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The Treasury Yield Curve (10Y-3M) is a perfect 8/8 in forecasting recessions since 1968. Duke University Professor Campbell Harvey believed it was showing a false warning in January. He now believes it is real and only questions how deep the recession will be. https://t.co/rgWiTZ4aNj
Barchart
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A U.S. credit rating downgrade is being considered by Fitch Ratings https://t.co/MxZOb10QKv
Barchart
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7 Fear & Greed Indicators: * Market Momentum (Greed) * Stock Price Strength (Neutral) * Stock Price Breadth (Fear) * Put and Call Options (Extreme Greed) * Market Volatility (Neutral) * Safe Haven Demand (Greed) * Junk Bond Demand (Greed) https://t.co/qRmhZnyEa8 https://t.co/G0EZ5FBfky
Barchart
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Here is how much money you need to be among the Top 1% in the World's 10 Richest Countries: https://t.co/BWuQwM3qZA
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ETFs w/ most active options trading: $SPY - 9.076M $QQQ - 3.153M $IWM - 1.022M $XLI - 387k $HYG - 382k $KRE - 308k $TQQQ - 253k $EEM - 243k $UVXY - 243k $SLV - 234k $XLF - 203k $SQQQ - 197k $EWZ - 192k $TLT - 142k $ARKK - 124k $EFA - 123k $SOXL - 116k $GLD - 101k $XHB - 76k
Barchart
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Barchart
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Stocks w/ most active options trading: $TSLA - 2.178M $NVDA - 930k $AMZN - 837k $AAPL - 722k $NU - 422k $AMD - 396k $PLTR - 385k $BABA - 358k $NIO - 330k $NFLX - 315k $GOOGL - 295k $DIS - 285k $META - 283k $MSFT - 279k $PFE - 267k $ETRN - 226k What options did you trade?
Barchart
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% of Large Cap Stocks Above Their Moving Averages https://t.co/qoXV3Chkvo
Barchart
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Stock Market Fear & Greed Index = 61 (Greed) https://t.co/EuG3dB1zK3
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Dividends from the world's largest 1,200 publicly traded companies hit a record $326.7 billion during the 1st quarter, a 12% increase YOY https://t.co/iTXZT7eLkK
Barchart
@Barchart
Central Banks bought 1,079 tonnes of gold bullion in 2022, the most ever since record keeping began in 1950. https://t.co/9uPBBZPFL0 https://t.co/GlOwh0NP7Y

Chart of the Day

N-Able Inc (NABL)

The Chart of the Day belongs to the software company N-Able (NABL) . I found the stock by using Barchart's powerful screening functions to find stocks with the highest technical buy signals, highest Weighted Alpha, superior current momentum and having a Trend Seeker buy signal then used the Flipchart feature...
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