(The Weekly Digest reproduces the morning capsules made available every morning before the market open in the Real Time Feeds to the paying subscribers. )
STOCKS ROCKET, GOLD AND BONDS FALL ON BLOWOUT EMPLOYMENT REPORT
March 7, 2014
February Nonfarm Payrolls came a 175K vs. 163K consensus and whisper numbers around 120K.
Stocks are rocketing on this much better employment report compared to whisper numbers.
Gold and silver are taking it on the chin.
Interest rates are rising.
Oil attempted to stage a rally but the rally is being met with heavy selling.
Gold futures are at $1336, silver futures are at $20.86, and oil futures are $102.04.
S&P 500 resistance levels are 1900 and 1925; support levels are 1875, 1850, and 1837.
DJIA futures are up 86 points.
S&P 1900 ACTS AS A MAGNET
March 6, 2014
1900 level in S&P 500 is acting like a magnet for traders. Irrespective of the fundamentals or the news, computer algorithms are likely to drive S&P 500 to 1900 and then sell it. Tomorrow is a big day in that the mother of all numbers, February Employment Report, will be released at 8:30 am ET.
Oil is falling.
Gold and interest rates are range bound.
Gold futures are at $1340, silver futures are at $21.26, and oil futures are $100.86.
S&P 500 resistance levels are 1900 and 1925; support levels are 1850, 1837, and 1825.
DJIA futures are up 32 points.
GOOD NEWS IS GREAT NEWS AND BAD NEWS IS GOOD NEWS MARKET
March 5, 2014
In this market, good news is great news and bad news is good news. As an example, ADP Employment Change came at 139K vs. 150K consensus. This is bad news but the market readily dismissed it.
Trading is mostly quiet on all fronts.
Gold futures are at $1337, silver futures are at $21.23, and oil futures are $102.87.
S&P 500 resistance levels are 1875 and 1900; support levels are 1850, 1837, and 1825.
DJIA futures are up 3 points.
STOCKS REVERSE YESTERDAY’S LOSSES, GOLD AND BONDS REVERSE YESTERDAY’S GAINSMARKETS
March 4, 2014
Markets are beginning to understand what we shared with you in UPDATE ON RATINGS ON GOLD AND SILVER IN THE WAKE OF UKRAINE TURMOIL.
Stocks are reversing yesterday’s losses. Gold and bonds are reversing yesterday’s gains.
Gold futures are at $1333, silver futures are at $21.12, and oil futures are $103.79.
S&P 500 resistance levels are 1875 and 1900; support levels are 1850, 1837, and 1825.
DJIA futures are up 38 points.
GOLD, OIL, AND BONDS MOVE UP ON UKRAINE TURMOIL, STOCKS RETREAT
March 3, 2014
Gold, oil, and bonds move up on Ukraine turmoil, stocks retreat.
Ukraine is likely to be resolved without any major war. This situation will provide many opportunities both on the long and the short side. Stay tuned.
Gold futures are at $1347, silver futures are at $21.46, and oil futures are $104.13.
S&P 500 resistance levels are 1850, 1875, and 1900; support levels are 1825, 1800, and 1775.
DJIA futures are down 125 points.
