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Weekend Report

Sunday, September 30th 2018

OT’s Weekend Macro Post
Everyone’s Bullish Gold, So Buy It. OT contributor Vince Lanci

OT’s Most Popular Post: (click on the links below to read in full)
ES Rally is Running Out of Steam?   OT contributor Gary Holland
Gold Fix Preview: Technical Analysis is Nonsense…and yet?  OT contributor Vince Lanci
Brussels & Frankfurt forced to Look South. OT contributor Alan Hill
The Gold Fix: Buying Bullion on the Barrick-Rand Merger. OT contributor Vince Lanci
ATH Stock Prices Enable Denial of Real Economic Storm Coming
BREXIT:  A Reamin Clause?  Really?  OT contributor Alan Hill
Don’t Miss the Signs of Another Slow-Motion Meltdown
Italian Debt Dives on “5 Star” Pushback

In September, Larry posted 22 winning trades and 8 losing trades in our live stream chat room.  In August, Larry posted 26 winners and 16 losing trades.

Larry remains short CLX8 from Friday x 73.21 and short ESZ8 from Thursday x 2910.5.  Larry will be back at it Monday in our live stream chat room.  CLICK HERE TO JOIN US. 

September Summary:
As seen in the chart below, September featured large moves in commodity markets but not so much in the US major equity averages.  Crude oil continued it’s solid year +6.6% in September (+21.75% YTD).  Lean Hogs and Live Cattle prices advanced sharply following flooding caused by Hurricane Florence.  Corn and Wheat continue to decline as crop yields remains healthy and uncertainty remains over tariffs with China.  Japan’s Nikkei had a standout month finishing +6% while in the US, the Dow Jones was +2% while the small cap Russell 2000 index was -2.1%.

A more in-depth look at the US equity market heat map for September shows Banks -3.5%, Social Media -5% while Industrial’s were +1.05% and Energy +5%.  A few stand out names Google -4.5%, FB -6.5%, TWTR -19.5%, XOM +5.1%, JNJ +2.5%, PFE +6%, BA +6%, CAT +7.5% and HD +2.7%.

This past week in our live stream chat room we spoke with:
Larry Benedict, Trader
Tony Greer, TG Macro
Adam Collins, Movement Capital
Phil Flynn, The Price Group and Fox Business
Mark Fisher, Author, The Logical Trader
Brynne Kelly, The Fundamental Angle
Tracy Shuchart, Trader
Tom McEntee, Trader
Vince Lanci, Echo Bay Partners
Andy Lebow, Commodity Research Group
Edward Meir, Commodity Research Group
Alan Hill, Treasury Consultancy
Dave Floyd, Aspen Trading

Among many others… Each webinar can be seen in our Video Library (Starting in a few weeks the video library will be for members only).

What to look for this coming week:
Monday
       Japan-Tankan Manufacturing index
German -Retail Sales
US – ISM Manufacturing PMI
Tuesday       Australia -RBA Interest Rate Decision
UK- BOE Meeting Minutes
US – FOMC Chair Powell Speaks at conference
US-API Crude Oil Inventories
Wednesday  German – Services PMI
EU- Services PMI
US- ADP Non-farm Employment Change
US- ISM Non-manufacturing PMI
US- DOE Crude Oil Inventory Report
US- FOMC Member Mester speaking at conference
Friday            Australia- Retail Sales
Germany- PPI
US-Non Farm Payroll Change / Unemployment rate
Canada- Employment Change

 We look forward to speaking with you in our live stream chat room this week!
If you are not yet a member we are offering our product with a money back guarantee.  If you are not satisfied send us an email in your first 30 days and we will provide you a full refund. CLICK HERE TO JOIN. 

Read the report
Commodity Futures Trading Commission. Futures and options trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures and options markets. Don’t trade with money you can’t afford to lose. This website is neither a solicitation nor an offer to Buy/Sell futures or options. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this website. The past performance of any trading system or methodology is not necessarily indicative of future results.

The Opportunistic Trader, LLC
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