Wikipedia article on coffee...Complex market from green beans to consumers.  quote  " Specialty coffee, however, is frequently not purchased on commodities exchanges—for example, Starbuckspurchases nearly all its coffee through multi-year, private contracts that often pay double the commodity price. [16]   It is also important to note that the coffee sold at retail is a different economic product than wholesale coffee traded as a commodity, which becomes an input to the various ultimate end products so that its market is ultimately affected by changes in consumption patterns and prices."

Nasdaq Charts

Posted by steve on 24th of Mar 2019 at 01:48 pm

$COMPQ - Chart Link - Nasdaq weekly shows a shooting star with slight RSI 5 Divergence

$COMPQ - Chart Link  - Daily Chart shows rally back up to Oct 2018 breakdown zone and rejection last week

$NAA50R - Chart Link - moved up into extreme overbought reading above 80% of stocks above their respective 50 day MA 

C'mon Steve.  They have to pay their employees and pay them to go to college and keep their stock price up!!!    They are all struggling soooo much... LOL

Coffee Monthly and Daily Views

Posted by steve on 23rd of Mar 2019 at 05:12 pm

$COFFEE - Chart Link - trading at prices last seen in 2006 - what are you paying? 

$COFFEE - Chart Link - great example of respecting a trend until evidence changes

BKX Updated View

Posted by steve on 23rd of Mar 2019 at 04:26 pm

$BKX - Chart Link - down nearly 10% during last 4 trading days

BPSPX

Posted by matt on 23rd of Mar 2019 at 02:22 pm

$BPSPX - Chart Link - never did go back on a buy signal even though SPX made a minor high

Comparison Charts

Posted by matt on 23rd of Mar 2019 at 02:13 pm

Yield Curves

Posted by matt on 23rd of Mar 2019 at 01:34 pm

The 10/3 month yield curve went slightly negative on Friday, last time was 2007.

The standard 10/2 year hasn't yet, still at a ratio of 1.05

$UST10Y-$UST3M - Chart Link

$SPX - Chart Link

$UST10Y:$UST2Y - Chart Link

Major Indexes

Posted by steve on 23rd of Mar 2019 at 11:44 am

$INDU - Chart Link- weekly charts display bearish shooting star candles

$INDU - Chart Link- daily charts show bearish engulfing candles with Friday's selloff wiping out all of Thursday's gains

Nikkei Views Updated

Posted by steve on 23rd of Mar 2019 at 11:06 am

$NIKK - Chart Link - weekly chart displays a declining channel.  The last two weekly candles show price remains contained inside the large bearish engulfing candle. Price has stalled near the upper boundary of its weekly channel. 

$NIKK - Chart Link - daily chart shows a rising channel to monitor. Still below it's 200 day MA and printed a black candle on Friday. 

China Markets

Posted by steve on 23rd of Mar 2019 at 10:41 am

$SSEC - Chart Link  - nearing the .618 FIB on the Weekly chart 

$SSEC - Chart Link - very nice move out of the channel Matt showed a few months ago

$SSEC - Chart Link - short term daily appears to be stalling (potential double top)

CAF - Chart Link - Chinese ETF displays bearish engulfing candle during US market hours on Friday. 

DAX Weekly and Daily Views Updated

Posted by steve on 23rd of Mar 2019 at 10:11 am

$DAX - Chart Link

$DAX - Chart Link

I posted these DAX charts two weeks ago to monitor.  The DAX rallied up to resistance early last week and then reversed down sharply later in the week in reaction to very weak economic data in Germany.  See additional comments on the charts. 

The weakness in Europe on Friday carried over to US Markets (they gapped lower) 

I am curious to see

Yield Curve 3 month vs 10 year

Posted by jroger on 22nd of Mar 2019 at 04:58 pm

I am curious to see a  comparison of the sector lists at the top and the bottom of the last two turn downs following the inverted yield curve to see how they fared.

TVIX- nice insurance today

Posted by lamb on 22nd of Mar 2019 at 04:34 pm

TVIX- nice insurance today

Yield Curve 3 month vs 10 year

Posted by matt on 22nd of Mar 2019 at 03:54 pm

$UST10Y-$UST3M - Chart Link

$SPX - Chart Link

here's some charts I made, these have not yet updated today, they will later this evening, but once they update they will be inverted

sold LABD another 2k bought

Posted by RP on 22nd of Mar 2019 at 03:46 pm

sold LABD another 2k bought GUSH near lows rode that up another 1k bought GDX calls on sell off and jnug etf and GLD calls hugh day ! 18k

ES 2826 provided a collar 

SPX 10 with Fibs

Posted by steve on 22nd of Mar 2019 at 03:00 pm

ES resistance around 2826 -

Posted by steve on 22nd of Mar 2019 at 02:59 pm

ES resistance around 2826 - let's see how this closes.  Will ad fibs above

Newsletter

Subscribe to our email list for regular free market updates
as well as a chance to get coupons!