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Thu, May 25th, 2023
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 : 81.72 (-3.12%)
CTV23 : 80.64s (-3.27%)
CTZ23 : 80.28s (-2.62%)
Easing of the Texas Drought for Cotton Farmers & Minor Dryness for Midwest Grains

In Jim's video, the focus is not only on cotton and the grains but also connects more of the El Niño dots

KEN23 : 806-6 (-0.68%)
ZWN23 : 605-6 (unch)
ZCZ23 : 521-2 (+0.24%)
ZSX23 : 1181-0 (-0.34%)
CTZ23 : 80.28s (-2.62%)
WEAT : 6.13 (-2.54%)
SOYB : 24.83 (-0.32%)
CORN : 23.03 (+0.13%)
BAL : 58.76 (-2.45%)
Midweek Cotton Futures Fall Triple Digits

The front month cotton futures dropped 1.9% to 3.3% on Wednesday with losses of as much as 273 points. July futures are still 119 points above last week’s low. The market continues to fret about the...

CTN23 : 81.72 (-3.12%)
CTV23 : 80.64s (-3.27%)
CTZ23 : 80.28s (-2.62%)
Cocoa Prices Close Slightly Lower on a Stronger Dollar

July ICE NY cocoa (CCN23 ) on Wednesday closed down -6 (-0.20%), and July ICE London cocoa #7 (CAK23 ) closed down -3 (-0.13%). Cocoa prices Wednesday closed slightly lower, pressured by a rally in the...

CCN23 : 3,010s (-0.20%)
CAN23 : 2,355s (-0.13%)
Sugar Prices Fall as Dry Conditions in Brazil Boost the Sugar Harvest

July NY world sugar #11 (SBN23 ) on Wednesday closed down -0.32 (-1.24%), and Aug London white sugar #5 (SWQ23 ) closed down -5.40 (-0.76%). Sugar prices Wednesday closed moderately lower. Sugar prices...

SBN23 : 25.49s (-1.24%)
SWQ23 : 708.00s (-0.76%)
Coffee Prices Close Moderately Higher on Tight Global Supplies

July arabica coffee (KCN23 ) on Wednesday closed up +0.55 (+0.29%), and July ICE robusta coffee (RMN23 ) closed up +16 (+0.63%). Coffee prices Wednesday settled moderately higher. Arabica coffee has support...

KCN23 : 188.00s (+0.29%)
RMN23 : 2,573s (+0.63%)
Coffee Prices Firm on Tight Global Supplies

July arabica coffee (KCN23) this morning is up +0.60 (+0.32%), and July ICE robusta coffee (RMN23) is up +14 (+0.55%). Coffee prices this morning are moderately higher. Arabica coffee has support from...

Triple Digit Drop for Cotton

Cotton continues to fade last week’s rally with another triple digit draw down on the board through Wednesday’s midday. July futures are trading 3% lower so far, and are at a net 5 cent loss for the...

CTN23 : 81.72 (-3.12%)
CTV23 : 80.64s (-3.27%)
CTZ23 : 80.28s (-2.62%)
Sugar Consolidates Near the Recent High

World Sugar futures on the Intercontinental Exchange reflect the free-market price of the sweet commodity many countries subsidize. Sugar traded to the highest price since 2011 in April, with the futures...

SBN23 : 25.49s (-1.24%)
CANE : 13.58 (-0.51%)
SGG : 89.95 (-1.53%)
AM Cotton Working Red

Cotton futures were lower on Monday and Tuesday, with prices fading another 79 to 144 points so far this morning. The Board had briefly tried for a Turnaround Tuesday, but quickly changed course. By the...

CTN23 : 81.72 (-3.12%)
CTV23 : 80.64s (-3.27%)
CTZ23 : 80.28s (-2.62%)

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History in the making 👇 $NVDA https://t.co/eJe3xKPFhK
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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)
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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
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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
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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
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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
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A U.S. credit rating downgrade is being considered by Fitch Ratings https://t.co/MxZOb10QKv
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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
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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
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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?
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% of Large Cap Stocks Above Their Moving Averages https://t.co/qoXV3Chkvo
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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
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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

Barchart Softs News

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 losses of as much as 273 points. July futures are still 119 points above last week’s... Read more

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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