Hubert Senters here.
Let’s see how we finish up for the week. So the S&P is up $20. The Nikkei ended up selling off we thought that it’s going to happen along wih the couple of the other indexes. Not the major ones that we’r looking at.
Nasdaq ended up up another $120. Russell pulled back $11. And the Dow was up $160. And now we look at the Euro stoxx 150 also pulled back. That’s what I was talking about the Nikkei, the Euro stoxx, the DAX.
Overall, those three are going down are major ones are going up so it’s a good sign for our markets. We look at the bund that’s trying to work its way up. I’ll probably get long this thing on Sunday. I kind the way it looks. It’s not perfect.
The ADX down here is a little low but it’s trying to hook up and stuff. I’m going to give a little bit of a shot. I haven’t traded it a very long time through all these stuff so I’m going to give it a little shot and see what happens.
TY looks pretty good. Up $4.5. And the 30 year up $4. That’s not too shabby. It’s not great though. Obviously Gold had a decent day preparing at $2,000. I’m going to say yes. Yeah, defnitely we have $2,000 at least once.
That’s going to be psychological for some people. They’re going to love it or hate it so next week it will be interesting around Gold at $2,000. I don’t know why but a lot of people like to talk about Gold. at $2,000.
They think if it gets above $2,000 it’s going to go to $5,000. I don’t think it’s going to $5,000 but I think it can climb up to $2,000. So interesting but that will be a psychological level for next week.
Copper pulling back here target $281 with a pullback buy. PLatinum a little bit of a pullback bounce up off of that. Silver looks pretty much the same as Gold. It’s probably going to slingshot up to $28.
Crude doing nothing. Natural Gas nothing. And Heating Oil not really doing anything. Feeder Cattle looks good. I think it’s going to $155. Lean Hogs nothing there. Live Cattle actually looks good too.
Feeder Cattle actually acts like it wants $155 and Live Cattle $115 and $155. Oats nice little sell like down $272 target. Wheat kind of doing nothing. Soybean Meal. Corn going to grind lower to $304. Rough Rice pass. Soybean Oil looks good at the target of $32.
Soy kind of hang up probably bounces next week at $9.12. Coco next target $2,500. Coffee next target $125 then $130. OJ hanging out. Cotton doing nothing. Coffee and Sugar ladies and gentlement Sugar next target $13.50.
Good luck. Hope it helps. Have a great weekend. See you on the next video.
Hubert.
