Key Market Reports and Commentary for Thursday 23/05/2013

T H U R S D A Y   M O R N I N G   E X T R E M E   M A R K E T S
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KEY EVENTS TO WATCH FOR:
Thursday, May 23, 2013
8:30 AM ET. U.S. Weekly Export Sales

Corn, In Metric Tons (previous 258.5K)

Soybeans, In Metric Tons (previous 361.9K)

Wheat, In Metric Tons (previous 540.6K)

8:30 AM ET. Unemployment Insurance Weekly Claims Report – Initial Claims

Weekly Jobless Claims (expected 345K; previous 360K)

Weekly Jobless Claims Net Change (previous +32K)

Cont Jobless Claims (prior week) (previous 3009000)

Cont Jobless Claims Net Chg (prior week) (previous -4K)

9:00 AM ET. May US Flash Manufacturing PMI

9:00 AM ET.1 Quarter U.S. Quarterly House Price Index

9:00 AM ET. March U.S. Monthly House Price Index

House Price Index (previous 196.3)

House Price Index (MoM) (expected +0.8%; previous +0.7%)

House Price Index (YoY) (previous +7.1%)

9:45 AM ET. Bloomberg Consumer Comfort Index

10:00 AM ET. April New Residential Sales

Overall Sales (expected 426K; previous 417K)

Percent Change (expected +2.2%; previous +1.5%)

Months’ Supply (previous 4.4)

10:00 AM ET. DJ-BTMU U.S. Business Barometer

DJ-BTMU Business Barometer (previous -0.2%)

DJ-BTMU Business Barometer (52 Wk) (previous +0.8%)

10:30 AM ET. EIA Weekly Natural Gas Storage Report

Total Working Gas in Storage (previous 1964B)

Total Working Gas in Storage (Net Change) (previous +99B)

11:00 AM ET. May Federal Reserve Bank of Kansas City Survey of Tenth District Manufacturing

Manufacturing Activity Index (previous 1)

Manufacturing Activity Index (6 Mon) (previous 8)

Manufacturing Composite Index (previous –5)

6-Month Composite Expectations Index (previous 4)

4:30 PM ET. Foreign Central Bank Holdings

Foreign US Debt Holdings (previous 3.31T)

US Foreign Agency Holdings (previous 309.36B)

Foreign Treasury Holdings (previous 2.97T)

4:30 PM ET. Federal Discount Window Borrowings

Primary Credit Borrowings (previous 9M)

Primary Credit Borrowings W/E Daily Avg. (previous 6M)

Primary Dealer Borrowings

Primary Dealer Borrowings W/E Daily Avg.

Discount Window Borrowings (previous 49M)

Discount Window Borrowings W/E Daily Avg. (previous 44B)

4:30 PM ET. Money Stock Measures

Key Events and Commentary available earlier every morning, via MarketClub (http://www.marketclub.com/)

U.S. STOCK INDEXES http://quotes.ino.com/exchanges/?c=indexes

The June NASDAQ 100 posted a key reversal down on Wednesday signaling that a
possible short-term top has been posted. The low-range close sets the stage for
a steady to lower opening when Thursday’s night session begins trading.
Stochastics and the RSI are overbought but are turning neutral to bearish
hinting that a short-term top might be in or is near. Closes below the 20-day
moving average crossing at 2947.03 would confirm that a short-term top has been
posted. If June extends the aforementioned rally, weekly resistance crossing at
3084.00 is the next upside target. First resistance is today’s high crossing at
3053.50. Second resistance is weekly resistance crossing near 3084.00. First
support is the 10-day moving average crossing at 2997.45. Second support is the
20-day moving average crossing at 2947.03.

The June S&P 500 posted a key reversal down on Wednesday as it consolidates
some of the rally off November’s low. The low-range close sets the stage for a
steady to lower opening when Thursday’s night session begins trading.
Stochastics and the RSI are overbought but are turning neutral to bearish
hinting that a short-term top might be in or is near. If June extends this
year’s rally into uncharted territory, upside targets will be hard to project.
Closes below the 20-day moving average crossing at 1623.12 would confirm that a
short-term top has been posted. First resistance is today’s high crossing at
1685.50. Second resistance is will be hard to project with June extending this
year’s rally into uncharted territory. First support is the 10-day moving
average crossing at 1648.31. Second support is the 20-day moving average
crossing at 1623.12.

The Dow posted a key reversal down on Wednesday but not before posting a new
all-time high. Stochastics and the RSI are overbought but remain neutral to
bullish signaling that sideways to higher prices are possible near-term. The
low-range close sets the stage for a steady to lower opening on Thursday. If
the Dow extends the rally off November’s low into uncharted territory, upside
targets will be hard to project. Closes below the 20-day moving average
crossing at 15,056 would confirm that a short-term top has been posted. First
resistance is today’s high crossing at 15,542. Second resistance will be hard
to project with the Dow trading into uncharted territory. First support is the
10-day moving average crossing at 15,328. Second support is the 20-day moving
average crossing at 15,056.

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INTEREST RATES http://quotes.ino.com/exchanges/?c=interest

June T-bonds closed down 1-10/32′s at 142-25.

June T-bonds closed lower on Wednesday extending this month’s decline. The
low-range close sets the stage for a steady to lower opening on Thursday.
Stochastics and the RSI are oversold but remain neutral to bearish signaling
that sideways to lower prices are possible near-term. If June extends the
decline off May’s high, the 87% retracement level of the March-May rally
crossing at 141-19 is the next downside target. Closes above the 20-day moving
average crossing at 146-05 would confirm that a short-term low has been posted.
First resistance is the 10-day moving average crossing at 144-14. Second
resistance is the 20-day moving average crossing at 146-05. First support is
today’s low crossing at 142-19. Second support is the 87% retracement level of
the March-May rally crossing at 141-19.

NYMEX CRUDE OIL http://quotes.ino.com/exchanges/?c=energy

July crude oil closed lower on Wednesday increasing the odds that Monday’s
high marked a double top with the early-May high. The low-range close sets the
stage for a steady to lower opening when Thursday’s night session begins.
Stochastics and the RSI are diverging but turning neutral hinting that a double
top might be in or is near. Closes below last Wednesday’s low crossing at 92.13
would confirm that a double top has been posted. If June extends the rally off
April’s low, April’s high crossing at 98.06 is the next upside target. First
resistance is May’s high crossing at 97.17. Second resistance is April’s high
crossing at 98.06. First support is last Wednesday’s low crossing at 92.13.
Second support is the reaction low crossing at 90.11.

June heating oil closed lower on Wednesday due to profit taking. The
low-range close sets the stage for a steady to lower opening when Thursday’s
night session begins trading. Stochastics and the RSI are diverging and are
turning neutral hinting that a short-term top might be in or is near. Closes
below last Wednesday’s low crossing at 281.93 are needed to confirm that a top
has been posted. If June extends the rally off April’s low, the 50% retracement
level of the February-April decline crossing at 298.06 is the next upside
target. First resistance is the 50% retracement level of the February-April
decline crossing at 298.06. Second resistance is 62% retracement level of the
February-April decline crossing at 304.20. First support is last Wednesday’s
low crossing at 281.93. Second support is the reaction low crossing at 275.97.

June unleaded gas closed lower on Wednesday and below the 20-day moving
average crossing at 283.86 confirming that a short-term top has been posted.
The mid-range close sets the stage for a steady opening when Thursday’s night
session begins trading. Stochastics and the RSI are overbought, diverging and
are turning neutral to bearish signaling that sideways to lower prices are
possible near-term. If June renews the rally off May’s low, the 50% retracement
level of the February-May decline crossing at 296.45 is the next upside target.
First resistance is last Friday’s high crossing at 292.76. Second resistance is
50% retracement level of the February-May decline crossing at 296.67. First
support is the reaction low crossing at 277.04. Second support is May’s low
crossing at 268.79.

June Henry natural gas closed lower on Wednesday as it consolidated some of
this week’s rally. The mid-range close sets the stage for a steady opening on
Thursday. Stochastics and the RSI are bullish signaling that sideways to higher
prices are possible near-term. If June extends the rally off last week’s low,
the reaction high crossing at 4.444 is the next upside target. Closes below the
10-day moving average crossing at 4.036 would confirm that a short-term top has
been posted. First resistance is today’s high crossing at 4.228. Second
resistance is May’s high crossing at 4.444. First support is the 10-day moving
average crossing at 4.036. Second resistance is the 50% retracement level of
this year’s rally crossing at 3.831.

CURRENCIES http://quotes.ino.com/exchanges/category.html?c=currencies

The June Dollar closed sharply higher on Wednesday and is testing resistance
marked by the 87% retracement level of the 2012-2013-decline crossing at
84.52.The high-range close sets the stage for a steady to higher opening when
Thursday’s night session begins trading. Stochastics and the RSI are overbought
but remain neutral to bullish signaling that sideways to higher prices are
possible near-term. If June extends this month’s rally, the July 2012 high
crossing at 85.29 is the next upside target. Closes below the 20-day moving
average crossing at 82.97 would confirm that a short-term top has been posted.
First resistance is last Friday’s high crossing at 84.52. Second resistance is
the July 2012 high crossing at 85.29. First support is the 10-day moving
average crossing at 83.74. Second support is the 20-day moving average crossing
at 82.97.

The June Euro posted a key reversal down on Wednesday. The low-range close
sets the stage for a steady to lower opening when Thursday’s night session
begins trading. Stochastics and the RSI are oversold but remain neutral to
bearish signaling that sideways to lower prices are possible near-term. If June
extends the decline off May’s high, April’s low crossing at 127.51 is the next
downside target. Closes above the 20-day moving average crossing at 130.11 are
needed to confirm that a low has been posted. First resistance is the 20-day
moving average crossing at 130.11. Second resistance is the reaction high
crossing at 131.98. First support is last Friday’s low crossing at 127.98.
Second support is April’s low crossing at 127.51.

The June British Pound closed lower on Wednesday as it extended this month’s
decline. The low-range close sets the stage for a steady to lower opening when
Thursday’s night session begins trading. Stochastics and the RSI are oversold
but remain neutral to bearish signaling that sideways to lower prices are
possible near-term. If June extends this month’s decline, March’s low crossing
at 1.4823 is the next downside target. Closes above the 20-day moving average
crossing at 1.5379 are needed to confirm that a low has been posted. First
resistance is the 10-day moving average crossing at 1.5242. Second resistance
is the 20-day moving average crossing at 1.5379. First support is today’s low
crossing at 1.5017. Second support is March’s low crossing at 1.4823.

The June Swiss Franc closed lower on Wednesday as it extends this month’s
decline. The mid-range close sets the stage for a steady opening when
Thursday’s night session begins trading. Stochastics and the RSI are oversold
but remain neutral to bearish signaling that sideways to lower prices are
possible near-term. If June extends the decline off last week’s high, the July
2012 low crossing at .10148 is the next downside target. Closes above the
20-day moving average crossing at .10527 would confirm that a short-term low
has been posted. First resistance is the 10-day moving average crossing at
.10372. Second resistance is the 20-day moving average crossing at .10527.
First support is today’s low crossing at .10166. Second support is the July
2012 low crossing at .10148.

The June Canadian Dollar closed lower on Wednesday and below March’s low
thereby renewing this year’s decline. The low-range close sets the stage for a
steady to lower opening when Thursday’s night session begins trading.
Stochastics and the RSI remain neutral to bearish signaling that additional
weakness is possible near-term. If June extends the decline off last May’s low
crossing at 95.30 is the next downside target. Closes above the 20-day moving
average crossing at 98.48 are needed to confirm that a low has been posted.
First resistance is the 10-day moving average crossing at 97.98. Second
resistance is the 20-day moving average crossing at 98.48. First support is
today’s low crossing at 96.17. Second support is last May’s low crossing at
95.30.

The June Japanese Yen closed lower on Wednesday as it extends the trading
range of the past seven days. The high-range close sets the stage for a steady
to higher opening when Thursday’s night session begins trading. Stochastics and
the RSI are oversold but remain neutral to bearish signaling that sideways to
lower prices are possible near-term. If June extends this year’s decline,
monthly support crossing at .9421 is the next downside target. Closes above the
20-day moving average crossing at .9975 would confirm that a short-term low has
been posted. First resistance is the 10-day moving average crossing at .9791.
Second resistance is the 20-day moving average crossing at .9975. First support
is today’s low crossing at .9640. Second support is monthly support crossing at
.9421.

PRECIOUS METALS http://quotes.ino.com/exchanges/?c=metals

June gold closed lower on Wednesday and the low-range close sets the stage
for a steady to lower opening when Thursday’s night session begins trading.
Stochastics and the RSI are turning neutral to bullish hinting that a low might
be in or is near. If June extends this month’s decline, April’s low crossing at
1321.50 is the next downside target. Closes above the 20-day moving average
crossing at 1433.00 are needed to confirm that a short-term low has been
posted. First resistance is the 20-day moving average crossing at 1433.00.
Second resistance is May’s high crossing at 1487.20. First support is Monday’s
low crossing at 1336.30. Second support is April’s low crossing at 1321.50.

July silver closed lower on Wednesday and the low-range close set the stage
for a steady to lower opening when Thursday’s night session begins trading.
Stochastics and the RSI are bullish signaling that a low might be in or is
near. Closes above the 20-day moving average crossing at 23.442 are needed to
confirm that a low has been posted. If July extends this month’s decline, the
75% retracement level of the 2008-2011-rally crossing at 19.316 is the next
downside target. First resistance is the 20-day moving average crossing at
23.442. Second resistance is the reaction high crossing at 24.835. First
support is Monday’s low crossing at 20.250. Second support is monthly support
crossing at 18.756.

July copper closed higher on Wednesday renewing the rally off May’s low. The
mid-range close sets the stage for a steady opening when Thursday’s night
session begins trading. Stochastics and the RSI are bullish signaling that
sideways to higher prices are possible near-term. If July extends the rally off
this month’s low, April’s high crossing at 345.95 is the next upside target.
Closes below the 20-day moving average crossing at 328.10 would confirm that a
short-term top has been posted. First resistance is today’s high crossing at
341.80. Second resistance is April’s high crossing at 345.95. First support is
the 20-day moving average crossing at 328.10. Second support is May’s low
crossing at 304.65.

FOOD & FIBER http://quotes.ino.com/exchanges/category.html?c=food

July coffee closed sharply lower on Wednesday as it extends this month’s
decline. The low-range close set the stage for a steady to lower opening on
Thursday. Stochastics and the RSI remain bearish signaling that sideways to
lower prices are possible near-term. If July extends the aforementioned
decline, weekly support crossing at 11.33 is the next downside target. Closes
above the 10-day moving average crossing at 13.96 would confirm that a
short-term low has been posted.

July cocoa closed lower on Wednesday. The low-range close sets the stage for
a steady to lower opening on Thursday. Stochastics and the RSI are neutral to
bearish signaling that sideways to lower prices are possible near-term. If July
extends this month’s decline, the 50% retracement level of the March-May rally
crossing at 22.41 is July’s next downside target. Closes above the 20-day
moving average crossing at 23.54 are needed to confirm that a low has been
posted.

July sugar closed lower on Wednesday as it extends this month’s decline. The
low-range close set the stage for a steady to lower opening on Thursday.
Stochastics and the RSI are oversold but remain neutral to bearish signaling
that sideways to lower prices are possible. If July extends this year’s
decline, the 87% retracement level of the 2010-2011-rally crossing at 16.29 is
the next downside target. Closes above the 20-day moving average crossing at
17.26 are needed to confirm that a short-term low has been posted.

July cotton closed lower on Wednesday as it extends this month’s decline.
The low-range close sets the stage for a steady to lower opening on Thursday.
Stochastics and the RSI remain bearish signaling that sideways to lower prices
are possible near-term. If July extends today’s decline, April’s low crossing
at 82.84 is the next downside target. Closes above the 10-day moving average
crossing at 85.93 are needed to confirm that a low has been posted.

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GRAINS http://quotes.ino.com/exchanges/category.html?c=grains

July Corn closed up 18 1/2-cents at 6.58 1/2.

July corn closed sharply higher on Wednesday as scattered rain across the
Midwest will once again slow planting progress. The high-range close sets the
stage for a steady to higher opening when Thursday’s night session begins
trading. If July renews the rally off April’s low, the April 1st gap crossing
at 6.76 is the next upside target. Closes below the reaction low crossing at
6.25 would confirm a downside breakout of this month’s trading range while
opening the door for a possible test of April’s low crossing at 6.10. First
resistance is the reaction high crossing at 6.69. Second resistance is the
April 1st gap crossing at 7.76. First support is the reaction low crossing at
6.25. Second support is April’s low crossing at 6.10.

July wheat closed up 8-cents at 6.88 1/2.

July wheat closed higher due to short covering on Wednesday as it
consolidated some of this month’s decline. The high-range close sets the stage
for a steady to higher opening when Thursday’s night session begins trading.
Stochastics and the RSI are oversold but remain neutral to bearish signaling
that sideways to lower prices are possible near-term. If July extends this
month’s decline, April’s low crossing at 6.64 3/4 is the next downside target.
Closes above the 20-day moving average crossing at 7.04 3/4 would confirm that
a low has been posted. First resistance is the 20-day moving average crossing
at 7.04 3/4. Second resistance is April’s high crossing at 7.36 3/4. First
support is Tuesday’s low crossing at 6.74. Second support is April’s low
crossing at 6.64 3/4.

July Kansas City Wheat closed up 4 3/4-cents at 7.43 1/4.

July Kansas City wheat closed higher on Wednesday. The high-range close sets
the stage for a steady to higher opening on Thursday. Stochastics and the RSI
are oversold and are turning neutral to bullish hinting that a low might be in
or is near. Closes above the 20-day moving average crossing at 7.61 1/2 are
needed to confirm that a low has been posted. If July extends this month’s
decline, April’s low crossing at 7.16 1/2 is the next downside target. First
resistance is the 20-day moving average crossing at 7.61 1/2. Second resistance
is April’s high crossing at 7.96 3/4. First support is Monday’s low crossing at
7.32 1/2. Second support is April’s low crossing at 7.16 1/2.

July Minneapolis wheat closed down 5 3/4-cents at 8.07 3/4.

July Minneapolis wheat closed lower on Wednesday. Stochastics and the RSI
are turning bullish signaling that sideways to higher prices are possible
near-term. If July renews the rally off April’s low, the 38% retracement level
of the July-April decline crossing at 8.53 1/4 is the next upside target.
Closes below the reaction low crossing at 8.02 would confirm that a short-term
top has been posted while opening the door for additional weakness near-term.
First resistance is April’s high crossing at 8.34 1/2. Second support is the
38% retracement level of the July-April decline crossing at 8.53 1/4. First
support is the reaction low crossing at 8.02. Second support is April’s low
crossing at 7.60.

SOYBEAN COMPLEX http://quotes.ino.com/exchanges/?c=grains

July soybeans closed up 16-cents at 14.94 1/2.

July soybeans closed higher on Wednesday as it extends the rally off April’s
low. The high-range close sets the stage for a steady to higher opening when
Thursday’s night session begins trading. Stochastics and the RSI are overbought
but remain bullish signaling that sideways to higher prices are possible. If
July extends the rally off April’s low, the 62% retracement level of the
aforementioned decline crossing at 15.01 is the next upside target. Closes
below the 20-day moving average crossing at 14.10 would confirm that a
short-term top has been posted. First resistance is today’s high crossing at
14.94 3/4. Second resistance is the 62% retracement level of the aforementioned
decline crossing at 15.01. First support is the 10-day moving average crossing
at 14.36 3/4. Second support is the 20-day moving average crossing at 14.10.

July soybean meal closed up $1.90 at $440.60.

July soybean meal closed higher on Wednesday as it extends the rally off
April’s low. The high-range close sets the stage for a steady to higher opening
when Thursday’s night session begins trading. Stochastics and the RSI are
overbought but remain bullish signaling that sideways to higher prices are
possible near-term. If July extends the rally off April’s low, the 75%
retracement level of the September-January decline crossing at 445.90 is the
next upside target. Closes below the 20-day moving average crossing at 413.80
are needed to confirm that a short-term top has been posted. First resistance
is today’s high crossing at 440.80. Second resistance is the 75% retracement
level of the September-January decline crossing at 445.90. First support is the
10-day moving average crossing at 421.20. Second support is the 20-day moving
average crossing at 413.80.

July soybean oil closed up 16 pts. at 49.64.

July soybean closed higher on Wednesday and the high-range close sets the
stage for a steady to higher opening when Thursday’s night session begins
trading. Stochastics and the RSI are neutral to bullish signaling that sideways
to higher prices are possible near-term. Closes above the reaction high
crossing at 50.23 are needed to confirm that a low has been posted. Closes
below the 20-day moving average crossing at 49.28 would temper the near-term
friendly outlook. First resistance is the reaction high crossing at 50.23.
Second resistance is March’s high crossing at 51.03. First support is the
20-day moving average crossing at 49.28. Second support is April’s low crossing
at 48.08.

LIVESTOCK http://quotes.ino.com/exchanges/?c=livestock

June hogs closed up $2.15 at $94.55.

June hogs closed sharply higher on Wednesday as it renewed the rally off
March’s low. The high-range close sets the stage for a steady to higher opening
when Thursday’s night session begins trading. Stochastics and the RSI are
diverging but have turned bullish signaling that sideways to higher prices are
possible near-term. If June extends the rally off March’s low, the 62%
retracement level of the December-March decline crossing at 96.18 is the next
upside target. Closes below the reaction low crossing at 90.00 would confirm
that a short-term top has been posted. First resistance is today’s high
crossing at 94.60. Second resistance is the 62% retracement level of the
December-March decline crossing at 96.18. First support is the reaction low
crossing at 90.00. Second support is April’s low crossing at 88.22.

June cattle closed down $1.10 at 120.00.

June cattle closed lower on Wednesday. The low-range close sets the stage
for a steady to lower opening when Thursday’s night session begins trading.
Stochastics and the RSI are turning bullish signaling that sideways to higher
prices are possible near-term. Closes above the 20-day moving average crossing
at 121.15 would confirm that a short-term low has been posted. If June extends
this month’s decline, weekly support crossing at 115.44 is the next downside
target. First resistance is the 20-day moving average crossing at 121.24.
Second resistance is the reaction high crossing at 121.40. First support is
last Friday’s low crossing at 118.80. Second support is weekly support crossing
at 115.44.

August feeder cattle closed down $2.15 at $144.32.

August Feeder cattle closed lower on Wednesday filling Tuesday’s gap. The
low-range close sets the stage for a steady to lower opening when Thursday’s
night session begins trading. Stochastics and the RSI have turned bullish
hinting that a low might be in or is near. Closes above the 20-day moving
average crossing at 147.08 are needed to confirm that a low has been posted. If
August extends this year’s decline, weekly support crossing at 132.45 is the
next downside target. First resistance is the 20-day moving average crossing at
147.08. Second resistance is the reaction high crossing at 149.80. First
support is Monday’s low crossing at 142.50. Second support is weekly support
crossing at 132.45.

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T H A N K   Y O U
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Key Market Reports and Commentary for Wednesday 22/05/2013

W E D N E S D A Y   M O R N I N G   E X T R E M E   M A R K E T S
A complimentary service from INO.com ( http://www.ino.com/ )

KEY EVENTS TO WATCH FOR:
Wednesday, May 22, 2013

7:00 AM ET. MBA Weekly Mortgage Applications Survey

Market Composite Index (previous 876.6)

Market Composite Index Cur Chg (previous -7.3%)

Purchase Index (S.A.) (previous 211.6)

Purchase Index (S.A.) Cur Chg (previous -4.1%)

Refinance Index (previous 4805.8)

Refinance Index Cur Chg (previous -8.1%)

10:00 AM ET. April Mass Layoffs

10:00 AM ET. April Existing Home Sales

Total Sales (expected 4.99M; previous 4.92M)

Percent Change (expected +1.4%; previous -0.6%)

Month’s Supply (previous 4.7)

Median Price (previous 184300)

Median Price – Yearly % Chg (previous +11.8%)

10:30 AM ET. EIA Weekly Petroleum Status Report

Crude Oil Stocks (previous 394.89M)

Crude Oil Stocks (Net Change) (previous -0.62M)

Gasoline Stocks (previous 217.66M)

Gasoline Stocks (Net Change) (expected -0.1M; previous +2.59M)

Distillate Stocks (previous 119.86M)

Distillate Stocks (Net Change) (expected -0.3M; previous +2.3M)

Refinery Usage (expected 87.8%; previous 88%)

Total Products Supplied (previous 18.52M)

Total Products Supplied (Net Change) (previous -0.58M)

2:00 PM ET. Federal Open Market Committee meeting minutes published

Key Events and Commentary available earlier every morning, via MarketClub (http://www.marketclub.com/)

U.S. STOCK INDEXES http://quotes.ino.com/exchanges/?c=indexes

The June NASDAQ 100 closed higher on Tuesday as it extends the rally off
April’s low. The high-range close sets the stage for a steady to higher opening
when Wednesday’s night session begins trading. Stochastics and the RSI are
overbought but remain neutral to bullish signaling that sideways to higher
prices are possible near-term. If June extends the aforementioned rally, weekly
resistance crossing at 3084.00 is the next upside target. Closes below the
20-day moving average crossing at 2938.82 would confirm that a short-term top
has been posted. First resistance is today’s high crossing at 3036.75. Second
resistance is weekly resistance crossing near 3084.00. First support is the
10-day moving average crossing at 2994.45. Second support is the 20-day moving
average crossing at 2938.82.

The June S&P 500 closed higher on Tuesday as it extends the rally off
November’s low. The high-range close sets the stage for a steady to higher
opening when Wednesday’s night session begins trading. Stochastics and the RSI
are overbought but remain neutral to bullish signaling that sideways to higher
prices are possible near-term. If June extends this year’s rally into uncharted
territory, upside targets will be hard to project. Closes below the 20-day
moving average crossing at 1619.31 would confirm that a short-term top has been
posted. First resistance is today’s high crossing at 1673.00. Second resistance
is will be hard to project with June extending this year’s rally into uncharted
territory. First support is the 10-day moving average crossing at 1646.15.
Second support is the 20-day moving average crossing at 1619.31.

The Dow closed higher on Tuesday posting a new all-time high as it extends
this year’s rally. Stochastics and the RSI are overbought but remain neutral to
bullish signaling that sideways to higher prices are possible near-term. The
high-range close sets the stage for a steady to higher opening on Wednesday. If
the Dow extends the rally off November’s low into uncharted territory, upside
targets will be hard to project. Closes below the 20-day moving average
crossing at 15,025 would confirm that a short-term top has been posted. First
resistance is today’s high crossing at 15,434. Second resistance will be hard
to project with the Dow trading into uncharted territory. First support is the
10-day moving average crossing at 15,222. Second support is the 20-day moving
average crossing at 15,025.

______________________________

_______________________________________

INTEREST RATES http://quotes.ino.com/exchanges/?c=interest

June T-bonds closed up 20/32′s at 144-12.

June T-bonds closed higher due to short covering on Tuesday as it
consolidated some of this month’s decline. The high-range close sets the stage
for a steady to higher opening on Wednesday. Stochastics and the RSI are
oversold but remain neutral to bearish signaling that sideways to lower prices
are possible near-term. If June extends the decline off May’s high, the 75%
retracement level of the March-May rally crossing at 142-24 is the next
downside target. Closes above the 20-day moving average crossing at 146-14
would confirm that a short-term low has been posted. First resistance is the
10-day moving average crossing at 144-27. Second resistance is the 20-day
moving average crossing at 146-14. First support is today’s low crossing at
143-08. Second support is the 75% retracement level of the March-May rally
crossing at 142-24.

NYMEX CRUDE OIL http://quotes.ino.com/exchanges/?c=energy

June crude oil posted an inside day with a lower close on Tuesday as it
consolidated some of the rally off last Wednesday’s low. The mid-range close
sets the stage for a steady opening when Wednesday’s night session begins.
Stochastics and the RSI have turned bullish signaling that sideways to higher
prices are possible near-term. If June extends renews the rally off April’s
low, April’s high crossing at 98.06 is the next upside target. Closes below
last Wednesday’s low crossing at 92.13 would confirm that a short-term top has
been posted. First resistance is May’s high crossing at 97.17. Second
resistance is April’s high crossing at 98.06. First support is last Wednesday’s
low crossing at 92.13. Second support is the reaction low crossing at 90.11.

June heating oil posted an inside day with a lower close on Tuesday due to
profit taking. The low-range close sets the stage for a steady to lower opening
when Wednesday’s night session begins trading. Stochastics and the RSI are
diverging but are bullish signaling that sideways to higher prices are possible
near-term. If June extends the rally off April’s low, the 50% retracement level
of the February-April decline crossing at 298.06 is the next upside target.
Closes below last Wednesday’s low crossing at 281.93 are needed to confirm that
a top has been posted. First resistance is the 50% retracement level of the
February-April decline crossing at 298.06. Second resistance is 62% retracement
level of the February-April decline crossing at 304.20. First support is last
Wednesday’s low crossing at 281.93. Second support is the reaction low crossing
at 275.97.

June unleaded gas closed lower on Tuesday and below the 10-day moving
average crossing at 286.60 thereby increasing the odds that a short-term top
might be in or is near. The low-range close sets the stage for a steady to
lower opening when Wednesday’s night session begins trading. Stochastics and
the RSI are overbought, diverging but remain neutral to bullish signaling that
sideways to higher prices are possible near-term. If June extends the rally off
May’s low, the 50% retracement level of the February-May decline crossing at
296.45 is the next upside target. Closes below the 20-day moving average
crossing at 282.85 would signal that a low has been posted. First resistance is
last Friday’s high crossing at 292.76. Second resistance is 50% retracement
level of the February-May decline crossing at 296.67. First support is the
20-day moving average crossing at 283.48. Second support is last Wednesday’s
low crossing at 277.04.

June Henry natural gas closed higher on Tuesday and above the 20-day moving
average crossing at 4.092 confirming that a low has been posted. The high-range
close sets the stage for a steady to higher opening on Wednesday. Stochastics
and the RSI are bullish signaling that sideways to higher prices are possible
near-term. If June extends the rally off last week’s low, the reaction high
crossing at 4.444 is the next upside target. If June renews the decline off
May’s high, the 50% retracement level of this year’s rally crossing at 3.831 is
the next downside target. First resistance is today’s high crossing at 4.210.
Second resistance is May’s high crossing at 4.444. First support is the 50%
retracement level of this year’s rally crossing at 3.831. Second support is the
62% retracement level of this year’s rally crossing at 3.683.

CURRENCIES http://quotes.ino.com/exchanges/category.html?c=currencies

The June Dollar closed higher on Tuesday as it consolidates below the 87%
retracement level of the 2012-2013-decline crossing at 84.52.The low-range
close sets the stage for a steady to lower opening when Wednesday’s night
session begins trading. Stochastics and the RSI are overbought but remain
neutral to bullish signaling that sideways to higher prices are possible
near-term. If June extends this month’s rally, the July 2012 high crossing at
85.29 is the next upside target. Closes below the 20-day moving average
crossing at 82.90 would confirm that a short-term top has been posted. First
resistance is last Friday’s high crossing at 84.52. Second resistance is the
July 2012 high crossing at 85.29. First support is the 10-day moving average
crossing at 83.49. Second support is the 20-day moving average crossing at
82.90.

The June Euro closed higher due to short covering on Tuesday as it
consolidated some of this month’s decline. The high-range close sets the stage
for a steady to higher opening when Wednesday’s night session begins trading.
Stochastics and the RSI are oversold but remain neutral to bearish signaling
that sideways to lower prices are possible near-term. If June extends the
decline off May’s high, April’s low crossing at 127.51 is the next downside
target. Closes above the 20-day moving average crossing at 130.20 are needed to
confirm that a low has been posted. First resistance is the 20-day moving
average crossing at 130.20. Second resistance is the reaction high crossing at
131.98. First support is last Friday’s low crossing at 127.98. Second support
is April’s low crossing at 127.51.

The June British Pound closed lower on Tuesday as it extended this month’s
decline. The high-range close sets the stage for a steady to higher opening
when Wednesday’s night session begins trading. Stochastics and the RSI are
oversold but remain neutral to bearish signaling that sideways to lower prices
are possible near-term. If June extends this month’s decline, the reaction low
crossing at 1.5027 is the next downside target. Closes above the 20-day moving
average crossing at 1.5391 are needed to confirm that a low has been posted.
First resistance is the 20-day moving average crossing at 1.5391. Second
resistance is May’s high crossing at 1.5603. First support is today’s low
crossing at 1.5110. Second support is the reaction low crossing at 1.5027.

The June Swiss Franc closed lower on Tuesday. The mid-range close sets the
stage for a steady opening when Wednesday’s night session begins trading.
Stochastics and the RSI are oversold but remain neutral to bearish signaling
that sideways to lower prices are possible near-term. If June extends the
decline off last week’s high, the July 2012 low crossing at .10148 is the next
downside target. Closes above the 20-day moving average crossing at .10545
would confirm that a short-term low has been posted. First resistance is the
10-day moving average crossing at .10419. Second resistance is the 20-day
moving average crossing at .10545. First support is last Friday’s low crossing
at .10245. Second support is the July 2012 low crossing at .10148.

The June Canadian Dollar closed lower on Tuesday but remains above the
March-April uptrend line. The high-range close sets the stage for a steady to
higher opening when Wednesday’s night session begins trading. Stochastics and
the RSI remain neutral to bearish signaling that additional weakness is
possible near-term. If June extends the decline off last September’s high, the
87% retracement level of 2012′s rally crossing at 96.20 is the next downside
target. Closes above the 20-day moving average crossing at 98.54 are needed to
confirm that a low has been posted. First resistance is the 20-day moving
average crossing at 98.54. Second resistance is May’s high crossing at 99.77.
First support is last Friday’s low crossing at 96.73. Second support is the 87%
retracement level of 2012′s rally crossing at 96.20.

The June Japanese Yen closed lower on Tuesday as it extends the trading
range of the past six days. The mid-range close sets the stage for a steady
opening when Wednesday’s night session begins trading. Stochastics and the RSI
are oversold but remain neutral to bearish signaling that sideways to lower
prices are possible near-term. If June extends this year’s decline, monthly
support crossing at .9421 is the next downside target. Closes above the 20-day
moving average crossing at .9991 would confirm that a short-term low has been
posted. First resistance is the 10-day moving average crossing at .9831. Second
resistance is the 20-day moving average crossing at .9991. First support is
last Friday’s low crossing at .9681. Second support is monthly support crossing
at .9421.

PRECIOUS METALS http://quotes.ino.com/exchanges/?c=metals

June gold closed lower on Tuesday as it consolidated some of Monday’s rally.
The low-range close sets the stage for a steady to lower opening when
Wednesday’s night session begins trading. Stochastics and the RSI are oversold
but remain neutral to bearish signaling that sideways to lower prices are
possible near-term. If June extends this month’s decline, April’s low crossing
at 1321.50 is the next downside target. Closes above the 20-day moving average
crossing at 1435.70 are needed to confirm that a short-term low has been
posted. First resistance is the 20-day moving average crossing at 1435.70.
Second resistance is May’s high crossing at 1487.20. First support is Monday’s
low crossing at 1336.30. Second support is April’s low crossing at 1321.50.

July silver closed lower on Tuesday and the low-range close set the stage
for a steady to lower opening when Wednesday’s night session begins trading.
Stochastics and the RSI are oversold, diverging and are turning bullish
signaling that a low might be in or is near. Closes above the 20-day moving
average crossing at 23.462 are needed to confirm that a low has been posted. If
July extends this month’s decline, the 75% retracement level of the
2008-2011-rally crossing at 19.316 is the next downside target. First
resistance is the 20-day moving average crossing at 23.462. Second resistance
is the reaction high crossing at 24.835. First support is Monday’s low crossing
at 20.250. Second support is monthly support crossing at 18.756.

July copper closed lower on Tuesday. The low-range close sets the stage for
a steady to lower opening when Wednesday’s night session begins trading.
Stochastics and the RSI have turned bullish signaling that sideways to higher
prices are possible near-term. If July renews the rally off this month’s low,
April’s high crossing at 345.95 is the next upside target. Closes below the
20-day moving average crossing at 327.04 would confirm that a short-term top
has been posted. First resistance is the reaction high crossing at 339.40.
Second resistance is April’s high crossing at 345.95. First support is the
20-day moving average crossing at 327.04. Second support is this month’s low
crossing at 304.65.

FOOD & FIBER http://quotes.ino.com/exchanges/category.html?c=food

July coffee closed lower on Tuesday as it extended the decline off May’s
high. The low-range close set the stage for a steady to lower opening on
Wednesday. Stochastics and the RSI remain bearish signaling that sideways to
lower prices are possible near-term. If July extends the aforementioned
decline, weekly support crossing at 11.33 is the next downside target. Closes
above the 10-day moving average crossing at 14.11 would confirm that a
short-term low has been posted.

July cocoa closed higher on Tuesday. The high-range close sets the stage for
a steady to higher opening on Wednesday. Stochastics and the RSI are neutral to
bearish signaling that sideways to lower prices are possible near-term. If July
extends this month’s decline, the 50% retracement level of the March-May rally
crossing at 22.41 is July’s next downside target. Closes above the 20-day
moving average crossing at 23.54 are needed to confirm that a low has been
posted.

July sugar closed slightly higher on Tuesday as it consolidates some of this
month’s decline. The high-range close set the stage for a steady to higher
opening on Wednesday. Stochastics and the RSI are oversold but remain neutral
to bearish signaling that sideways to lower prices are possible. If July
extends this year’s decline, the 87% retracement level of the 2010-2011-rally
crossing at 16.29 is the next downside target. Closes above the 20-day moving
average crossing at 17.30 are needed to confirm that a short-term low has been
posted.

July cotton closed lower on Tuesday and the low-range close sets the stage
for a steady to lower opening on Wednesday. Stochastics and the RSI remain
bearish signaling that sideways to lower prices are possible near-term. Today’s
close below the reaction low crossing at 85.00 confirms that a short-term top
has been posted. If July extends today’s decline, April’s low crossing at 82.84
is the next downside target. Closes above the 10-day moving average crossing at
86.35 are needed to confirm that a low has been posted.

——————————

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GRAINS http://quotes.ino.com/exchanges/category.html?c=grains

July Corn closed down 9 1/2-cents at 6.40.

July corn closed lower on Tuesday following Monday’s bearish planting
progress report. The mid-range close sets the stage for a steady opening when
Wednesday’s night session begins trading. Closes below the reaction low
crossing at 6.26 1/2 would confirm that the rebound off April’s low has ended.
If July renews the rally off April’s low, the April 1st gap crossing at 6.76 is
the next upside target. First resistance is the reaction high crossing at 6.69.
Second resistance is the April 1st gap crossing at 7.76. First support is the
reaction low crossing at 6.25. Second support is April’s low crossing at 6.10.

July wheat closed down 4 3/4-cents at 6.80 1/2.

July wheat closed lower on Tuesday as it extended this month’s decline. The
high-range close sets the stage for a steady to higher opening when Wednesday’s
night session begins trading. Stochastics and the RSI are oversold but remain
neutral to bearish signaling that sideways to lower prices are possible
near-term. If July extends this month’s decline, April’s low crossing at 6.64
3/4 is the next downside target. Closes above the 20-day moving average
crossing at 7.05 would confirm that a low has been posted. First resistance is
the 20-day moving average crossing at 7.05. Second resistance is April’s high
crossing at 7.36 3/4. First support is today’s low crossing at 6.74. Second
support is April’s low crossing at 6.64 3/4.

July Kansas City Wheat closed down 6 1/2-cents at 7.38 1/2.

July Kansas City wheat closed lower on Tuesday. The high-range close sets
the stage for a steady to higher opening on Wednesday. Stochastics and the RSI
are oversold but remain neutral to bearish signaling that sideways to lower
prices are possible near-term. If July extends this month’s decline, April’s
low crossing at 7.16 1/2 is the next downside target. Closes above the 20-day
moving average crossing at 7.61 1/4 are needed to confirm that a low has been
posted. First resistance is the 20-day moving average crossing at 7.61 1/4.
Second resistance is April’s high crossing at 7.96 3/4. First support is
Monday’s low crossing at 7.32 1/2. Second support is April’s low crossing at
7.16 1/2.

July Minneapolis wheat closed up 2 1/4-cents at 8.13 1/2.

July Minneapolis wheat closed higher on Tuesday. Stochastics and the RSI are
oversold but are turning neutral to bullish signaling that sideways to higher
prices are possible near-term. If July renews the rally off April’s low, the
38% retracement level of the July-April decline crossing at 8.53 1/4 is the
next upside target. Closes below the reaction low crossing at 8.02 would
confirm that a short-term top has been posted while opening the door for
additional weakness near-term. First resistance is April’s high crossing at
8.34 1/2. Second support is the 38% retracement level of the July-April decline
crossing at 8.53 1/4. First support is the reaction low crossing at 8.02.
Second support is April’s low crossing at 7.60.

SOYBEAN COMPLEX http://quotes.ino.com/exchanges/?c=grains

July soybeans closed up 13 3/4-cents at 14.78 1/4.

July soybeans closed higher on Tuesday as it extends the rally off April’s
low. The high-range close sets the stage for a steady to higher opening when
Wednesday’s night session begins trading. Stochastics and the RSI are
overbought but remain bullish signaling that sideways to higher prices are
possible. If July extends the rally off April’s low, the 62% retracement level
of the aforementioned decline crossing at 15.01 is the next upside target.
Closes below the 20-day moving average crossing at 14.02 3/4 would confirm that
a short-term top has been posted. First resistance is today’s high crossing at
14.79 1/4. Second resistance is the 62% retracement level of the aforementioned
decline crossing at 15.01. First support is the 10-day moving average crossing
at 14.26 1/4. Second support is the 20-day moving average crossing at 14.02
3/4.

July soybean meal closed up $3.40 at $438.70.

July soybean meal closed higher on Tuesday and above February’s high
crossing at 437.80 as it extended the rally off April’s low. The high-range
close sets the stage for a steady to higher opening when Wednesday’s night
session begins trading. Stochastics and the RSI remain bullish signaling that
sideways to higher prices are possible near-term. If July extends the rally off
April’s low, the 75% retracement level of the September-January decline
crossing at 445.90 is the next upside target. Closes below the 20-day moving
average crossing at 411.30 are needed to confirm that a short-term top has been
posted. First resistance is today’s high crossing at 439.20. Second resistance
is the 75% retracement level of the September-January decline crossing at
445.90. First support is the 10-day moving average crossing at 417.90. Second
support is the 20-day moving average crossing at 411.30.

July soybean oil closed up 28 pts. at 49.48.

July soybean posted an inside day with a higher close on Tuesday and the
high-range close sets the stage for a steady to higher opening when Wednesday’s
night session begins trading. Stochastics and the RSI are neutral to bullish
signaling that sideways to higher prices are possible near-term. Closes above
the reaction high crossing at 50.23 are needed to confirm that a low has been
posted. Closes below the 20-day moving average crossing at 49.24 would temper
the near-term friendly outlook. First resistance is the reaction high crossing
at 50.23. Second resistance is March’s high crossing at 51.03. First support is
the 20-day moving average crossing at 49.24. Second support is April’s low
crossing at 48.08.

LIVESTOCK http://quotes.ino.com/exchanges/?c=livestock

June hogs closed up $0.32 at $92.40.

June hogs closed higher due to short covering on Tuesday. The high-range
close sets the stage for a steady to higher opening when Wednesday’s night
session begins trading. Stochastics and the RSI are turning neutral to bearish
hinting that sideways to lower prices are possible near-term. Closes below the
reaction low crossing at 90.00 would confirm that a short-term top has been
posted. If June extends the rally off March’s low, the 50% retracement level of
the December-March decline crossing at 94.46 is the next upside target. First
resistance is last Friday’s high crossing at 93.60. Second resistance is the
50% retracement level of the December-March decline crossing at 94.46. First
support is the reaction low crossing at 90.00. Second support is April’s low
crossing at 88.22.

June cattle closed up $0.97 at 121.10.

June cattle closed higher due to short covering on Tuesday as it
consolidated some of the decline off December’s high. The high-range close sets
the stage for a steady to higher opening when Wednesday’s night session begins
trading. Stochastics and the RSI are oversold and are turning neutral to
bullish signaling that a low might be in or is near. Closes above the 20-day
moving average crossing at 121.24 would confirm that a short-term low has been
posted. If June extends this month’s decline, weekly support crossing at 115.44
is the next downside target. First resistance is the 20-day moving average
crossing at 121.24. Second resistance is the reaction high crossing at 121.40.
First support is last Friday’s low crossing at 118.80. Second support is weekly
support crossing at 115.44.

August feeder cattle closed up $2.00 at $146.47.

August Feeder cattle gapped up and closed higher on Tuesday confirming
yesterday’s key reversal up. The high-range close sets the stage for a steady
to higher opening when Wednesday’s night session begins trading. Stochastics
and the RSI are oversold and are turning neutral to bullish hinting that a low
might be in or is near. Closes above the 20-day moving average crossing at
147.39 would confirm that a low has been posted. If August extends this year’s
decline, weekly support crossing at 132.45 is the next downside target. First
resistance is the 20-day moving average crossing at 147.39. Second resistance
is the reaction high crossing at 149.80. First support is Monday’s low crossing
at 142.50. Second support is weekly support crossing at 132.45.

_____________________________________________________________________

T H A N K   Y O U
_____________________________________________________________________

Copyright 2012 INO.com. All Rights Reserved.

Key Market Reports and Commentary for Monday 20/05/2013

M O N D A Y   M O R N I N G   E X T R E M E   M A R K E T S
A complimentary service from INO.com ( http://www.ino.com/ )
_____________________________________________________________________

KEY EVENTS TO WATCH FOR:
Monday, May 20, 2013
8:30 AM ET. April Chicago Fed National Activity Index

National Activity Index (previous -0.23)

3 Month Moving Average (previous -0.01)

Key Events and Commentary available earlier every morning, via MarketClub (http://www.marketclub.com/)

U.S. STOCK INDEXES http://quotes.ino.com/exchanges/?c=indexes

The June NASDAQ 100 was slightly lower due to profit taking overnight as it
consolidates some of the rally off April’s low. Stochastics and the RSI are
overbought but remain neutral to bullish signaling that sideways to higher
prices are possible near-term. If June extends the rally off November’s low,
weekly resistance crossing at 3084.00 is the next upside target. Closes below
the 20-day moving average crossing at 2928.17 would confirm that a short-term
top has been posted. First resistance is last Friday’s high crossing at
3028.25. Second resistance is weekly resistance crossing at 3084.00. First
support is the 10-day moving average crossing at 2986.12. Second support is the
20-day moving average crossing at 2928.47.

The June S&P 500 was slightly lower overnight as it consolidates some of the
rally off April’s low. Stochastics and the RSI are overbought but remain
neutral to bullish signaling that sideways to higher prices are possible
near-term. If June extends this year’s rally, upside targets will be hard to
project with the index trading into uncharted territory. Closes below the
20-day moving average crossing at 1614.40 are needed to confirm that a
short-term top has been posted. First resistance is last Friday’s high crossing
at 1665.50. Second resistance will be hard to project with the index trading
into uncharted territory. First support is the 10-day moving average crossing
at 1641.03. Second support is the 20-day moving average crossing at 1614.40.

_____________________________________________________________________

 

INTEREST RATES http://quotes.ino.com/exchanges/?c=interest

June T-bonds was lower overnight as it extends last Friday’s decline.
Stochastics and the RSI are oversold but remain neutral to bearish signaling
that sideways to lower prices are possible near-term. If June extends this
month’s decline, the 75% retracement level of the March-May rally crossing at
142-24 is the next downside target. Closes above the 20-day moving average
crossing at 146-20 would confirm that a short-term low has been posted. First
resistance is the 10-day moving average crossing at 145-02. Second resistance
is the 20-day moving average crossing at 146-20. First support is the 62%
retracement level of the March-May rally crossing at 143-31. Second support is
the 75% retracement level of the March-May rally crossing at 142-24.

NYMEX CRUDE OIL http://quotes.ino.com/exchanges/?c=energy

June crude oil was lower overnight as it consolidates some of the rally off
last Wednesday’s low. Stochastics and the RSI are turning bullish signaling
that sideways to higher prices are possible near-term. If June renews the rally
off April’s low, April’s high crossing at 98.06 is the next upside target.
Closes below last Wednesday’s low crossing at 92.13 are needed to confirm that
a short-term top has been posted. First resistance is April’s high crossing at
98.06. Second resistance is February’s high crossing at 99.52. First support is
last Wednesday’s low crossing at 92.13. Second support is the reaction low
crossing at 90.11.

June heating oil was lower overnight as it consolidates some of the rally
off last Wednesday’s low. Stochastics and the RSI have turned bullish signaling
that sideways to higher prices are possible near-term. If June extends the
rally off April’s low, the 50% retracement level of the February-April decline
crossing at 297.99 is the next upside target. Closes below last Wednesday’s low
crossing at 281.93 would confirm that a short-term top has been posted. First
resistance is the 50% retracement level of the February-April decline crossing
at 297.99. Second resistance is the 62% retracement level of the
February-April-decline crossing at 304.15. First support is last Wednesday’s
low crossing at 281.93. Second support is the reaction low crossing at 275.97.

June unleaded gas was lower overnight as it consolidates some of the rally
off May’s low. Stochastics and the RSI are overbought but remain bullish
signaling that sideways to higher prices are possible near-term. If June
extends this month’s rally, the 50% retracement level of the February-May
decline crossing at 296.45 is the next upside target. Closes below the 20-day
moving average crossing at 282.84 would confirm that a short-term top has been
posted. First resistance is the 50% retracement level of the February-May
decline crossing at 296.45. Second resistance is the 62% retracement level of
the February-May decline crossing at 302.99. First support is the 20-day moving
average crossing at 282.84. Second support is May’s low crossing at 268.79.

June Henry natural gas was higher overnight and trading above the 20-day
moving average crossing at 4.097. Stochastics and the RSI have turned bullish
signaling that a low is in or is near. Closes above the 20-day moving average
crossing at 4.097 are needed to confirm that a short-term low has been posted
and would open the door for additional gains near-term. If June renews this
month’s decline, the 50% retracement level of the January-April-rally crossing
at 3.830 is the next downside target. First resistance is the 20-day moving
average crossing at 4.097. Second resistance is May’s high crossing at 4.444.
First support is the 50% retracement level of the January-April-rally crossing
at 3.830. Second support is the 62% retracement level of the
January-April-rally crossing at 3.684.

CURRENCIES http://quotes.ino.com/exchanges/category.html?c=currencies

The June Dollar was lower overnight as it consolidates some of the rally off
May’s low. Stochastics and the RSI are overbought but remain neutral to bullish
signaling that sideways to higher prices are possible near-term. If June
extends the rally off May’s low, the July 2012 high crossing at 85.29 is the
next upside target. Closes below the 20-day moving average crossing at 82.88
would confirm that a short-term top has been posted. First resistance is last
Friday’s high crossing at 84.51. Second resistance is the July 2012 high
crossing at 85.29. First support is the 10-day moving average crossing at
83.37. Second support is the 20-day moving average crossing at 82.88.

The June Euro was higher due to short covering overnight as it consolidates
some of May’s decline. Stochastics and the RSI are oversold but remain neutral
to bearish signaling that sideways to lower prices are possible near-term. If
June extends this month’s decline, April’s low crossing at 127.51 is the next
downside target. Closes above the 20-day moving average crossing at 130.23 are
needed to confirm that a low has been posted. First resistance is the 20-day
moving average crossing at 130.23. Second resistance is the reaction high
crossing at 131.98. First support is last Friday’s low crossing at 127.98.
Second support is April’s low crossing at 127.51.

The June British Pound was slightly higher overnight as it consolidates some
of last Friday’s decline. Stochastics and the RSI are oversold but remain
neutral to bearish signaling that sideways to lower prices are possible
near-term. If June extends this month’s decline, April’s low crossing at 1.5027
is the next downside target. Closes above the 20-day moving average crossing at
1.5391 would confirm that the short-term top has been posted. First resistance
is the 20-day moving average crossing at 1.5391. Second resistance is the 50%
retracement level of the January-March decline crossing at 1.5564. First
support is last Friday’s low crossing at 1.5154. Second support is April’s low
crossing at 1.5027.

The June Swiss Franc was higher due to short covering overnight as it
consolidates some of this month’s decline. This spring’s head and shoulder’s
top projects a decline, which could test last July’s low crossing at .10148.
Stochastics and the RSI are oversold but remain neutral to bearish signaling
that sideways to lower prices are possible near-term. If June extends this
month’s decline, last July’s low crossing at .10148 is the next downside
target. Closes above the 20-day moving average crossing at .10557 would confirm
that a low has been posted. First resistance is the 10-day moving average
crossing at .10449. Second resistance is the 20-day moving average crossing at
.10557. First support was last Friday’s low crossing at .10245. Second support
is last July’s low crossing at .10148.

The June Canadian Dollar was slightly higher due to short covering overnight
as it consolidates some of last Friday’s decline. Stochastics and the RSI
remain bearish signaling that sideways to lower prices are possible near-term.
If June extends this month’s decline, March’s low crossing at 96.46 is the next
downside target. Closes above the 20-day moving average crossing at 98.47 are
needed to confirm that a short-term low has been posted. First resistance is
the 20-day moving average crossing at 98.47. Second resistance is May’s high
crossing at 99.77. First support is last Friday’s low crossing at 96.73. Second
support is March’s low crossing at 96.46.

The June Japanese Yen was higher due to short covering overnight as it
consolidates some of this year’s decline. Stochastics and the RSI are oversold
but remain neutral to bearish signaling that sideways to lower prices are
possible near-term. If June extends this year’s decline, monthly support
crossing at .9421 is the next downside target. Closes above the 20-day moving
average crossing at .10005 are needed to confirm that a low has been posted.
First resistance is the 10-day moving average crossing at .9863. Second
resistance is the 20-day moving average crossing at .10005. First support is
last Friday’s low crossing at .9680. Second support is monthly support crossing
at .9421.

PRECIOUS METALS http://quotes.ino.com/exchanges/?c=metals

June gold was lower overnight as it extends this month’s decline. The
mid-range close sets the stage for a steady to lower opening when the day
session begins trading. Stochastics and the RSI are oversold but remain neutral
to bearish signaling that sideways to lower prices are possible near-term. If
June extends this month’s decline, April’s low crossing at 1321.50 is the next
downside target. Closes above the 20-day moving average crossing at 1436.00 are
needed to confirm that a short-term top has been posted. First resistance is
the 20-day moving average crossing at 1436.00. Second resistance is May’s high
crossing at 1487.20. First support is the overnight low crossing at 1336.30.
Second support is April’s low crossing at 1321.50.

July silver was lower overnight renewing this year’s decline. Stochastics
and the RSI are becoming oversold but remain neutral to bearish signaling that
sideways to lower prices are possible near-term. If July extends this month’s
decline, the 75% retracement level of the 2008-2011-rally crossing at 19.316 is
the next downside target. Closes above the 20-day moving average crossing at
23.443 are needed to confirm that a low has been posted First resistance is the
20-day moving average crossing at 23.443. Second resistance is the reaction
high crossing at 24.835. First support is the overnight low crossing at 22.250.
Second support is the 75% retracement level of the 2008-2011-rally crossing at
19.316.

July copper was lower overnight as it consolidates some of the rebound off
last Wednesday’s low. Stochastics and the RSI are turning neutral signaling
that sideways to higher prices are possible near-term. If July renews this
month’s rally, the 50% retracement level of this year’s decline crossing at
342.84 is the next upside target. Closes below the 20-day moving average
crossing at 325.65 are needed to confirm that a short-term top has been posted.
First resistance is the reaction high crossing at 339.90. Second resistance is
the 50% retracement level of this year’s decline crossing at 342.84. First
support is the 20-day moving average crossing at 325.64. Second support is
May’s low crossing at 304.25.

FOOD & FIBER http://quotes.ino.com/exchanges/category.html?c=food

July coffee closed lower on Friday as it extended this week’s decline. The
low-range close set the stage for a steady to lower opening on Monday.
Stochastics and the RSI are bearish signaling that sideways to lower prices are
possible near-term. If July extends this week’s decline, April’s low crossing
at 13.27 is the next downside target. Closes above the 10-day moving average
crossing at 14.28 would confirm that a short-term low has been posted.

July cocoa closed higher due to short covering on Friday. The mid-range
close sets the stage for a steady opening on Monday. Stochastics and the RSI
are neutral to bearish signaling that sideways to lower prices are possible
near-term. If July extends this month’s decline, the 50% retracement level of
the March-May rally crossing at 22.41 is July’s next downside target. Closes
above the 20-day moving average crossing at 23.54 are needed to confirm that a
low has been posted.

July sugar closed higher due to short covering on Friday. The mid-range
close set the stage for a steady opening on Monday. Stochastics and the RSI are
oversold but remain neutral to bearish signaling that sideways to lower prices
are possible. If July extends this year’s decline, the 87% retracement level of
the 2010-2011-rally crossing at 16.29 is the next downside target. Closes above
the 20-day moving average crossing at 17.39 are needed to confirm that a
short-term low has been posted.

July cotton closed higher on Friday and the high-range close sets the stage
for a steady to higher opening on Monday. Stochastics and the RSI are bearish
signaling that sideways to lower prices are possible near-term. Closes below
the 20-day moving average crossing at 85.96 would confirm that a short-term top
has been posted. If July extends the rally off April’s low, the reaction high
crossing at 91.58 is the next upside target.
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GRAINS http://quotes.ino.com/exchanges/category.html?c=grains

July corn was higher overnight as it continues to extend this month’s
trading range. Stochastics and the RSI are neutral to bearish signaling that
sideways to lower prices are possible near-term. Closes below the reaction low
crossing at 6.25 would open the door for a test of April’s low crossing at
6.10. If July renews the rally off April’s low, the April 1st gap crossing at
6.76 is the next upside target. First resistance is the April 1st gap crossing
at 6.76. Second resistance is the August-March downtrend line crossing near
6.91 3/4. First support is the reaction low crossing at 6.25. Second support is
April’s low crossing at 6.10.

July wheat was fractionally lower overnight as it extends this month’s
decline. The low-range close sets the stage for a steady to lower opening when
the day session begins trading. Stochastics and the RSI are oversold but remain
bearish signaling that sideways to lower prices are possible near-term. If July
extends the decline off May’s high, April’s low crossing at 6.64 3/4 is the
next downside target. Closes above the 20-day moving average crossing at 7.05
3/4 would temper the near-term bearish outlook. First resistance is the 20-day
moving average crossing at 7.05 3/4. Second resistance is the reaction high
crossing at 7.27 3/4. First support is last Friday’s low crossing at 6.80 1/4.
Second support is April’s low crossing at 6.64 3/4.

July Kansas City Wheat closed down 6 1/4-cents at 7.37 1/4.

July Kansas City wheat closed lower on Friday as it extends the decline off
April’s high. The low-range close sets the stage for a steady to lower opening
on Monday. Stochastics and the RSI remain bearish signaling that sideways to
lower prices are possible near-term. If July extends this month’s decline,
April’s low crossing at 7.16 1/2 is the next downside target. Closes above the
20-day moving average crossing at 7.61 would confirm that a low has been
posted. First resistance is the 20-day moving average crossing at 7.61. Second
resistance is April’s high crossing at 7.96 3/4. First support is last Friday’s
low crossing at 7.36 1/4. Second support is April’s low crossing at 7.16 1/2.

July Minneapolis wheat was fractionally higher overnight as it extends this
month’s trading range. The low-range close sets the stage for a steady to lower
opening when the day session begins to trade. Stochastics and the RSI are
oversold but remain neutral to bearish signaling that sideways to lower prices
are possible near-term. Closes below the reaction low crossing at 8.02 would
confirm a downside breakout of this month’s trading range while opening the
door for additional weakness near-term. If July renews the rally off April’s
low, the 38% retracement level of the July-April decline crossing at 8.53 3/4
is the next upside target. First resistance is the reaction high crossing at
8.34 1/2. Second resistance is the 38% retracement level of the July-April
decline crossing at 8.53 3/4. First support is the reaction low crossing at
8.02. Second support is April’s low crossing at 7.60.

SOYBEAN COMPLEX http://quotes.ino.com/exchanges/?c=grains

July soybeans were higher overnight as they extend the rally off April’s
low. The mid-range close sets the stage for steady to higher opening when the
day session begins trading later this morning. Stochastics and the RSI are
overbought but remain bullish signaling that sideways to higher prices are
possible near-term. If July extends the rally off April’s low, March’s high
crossing at 14.63 1/2 is the next upside target. Closes below the 20-day moving
average crossing at 13.96 would confirm that a short-term top has been posted.
First resistance is March’s high crossing at 14.63 1/2. Second resistance is
the 50% retracement level of the September-November decline crossing at 14.68
1/2. First support is the 10-day moving average crossing at 14.15 1/4. Second
support is the 20-day moving average crossing at 13.96.

July soybean meal was higher overnight as it extends the rally off April’s
low. The mid-range close sets the stage for a steady to higher opening when the
day session begins trading. Stochastics and the RSI are bullish signaling that
sideways to higher prices are possible near-term. If July extends the rally off
April’s low, March’s high crossing at 436.20 is the next upside target. Closes
below the 20-day moving average crossing at 408.80 are needed to confirm that a
short-term top has been posted. First resistance is the overnight high crossing
at 428.70. Second resistance is March’s high crossing at 436.20. First support
is the 10-day moving average crossing at 413.50. Second support is the 20-day
moving average crossing at 408.80.

July soybean oil was lower overnight while extending this spring’s trading
range. The low-range close sets the stage for a steady to lower opening when
the day session begins trading. Stochastics and the RSI remain neutral to
bullish signaling that sideways to higher prices are possible near-term. Closes
above the reaction high crossing at 50.42 are needed to confirm that a low has
been posted. If July renews this year’s decline, the 50% retracement level of
the 2010-2011-rally crossing at 46.56 is the next downside target. First
resistance is the reaction high crossing at 50.42. Second resistance is March’s
high crossing at 51.24. First support is April’s low crossing at 48.08. Second
support is the 50% retracement level of the 2010-2011-rally crossing at 46.56.

LIVESTOCK http://quotes.ino.com/exchanges/?c=livestock

June hogs closed down $1.35 at $91.52.

June hogs posted a key reversal down on Friday. The low-range close sets the
stage for a steady to lower opening when Monday’s night session begins trading.
Stochastics and the RSI are neutral to bullish signaling that sideways to
higher prices are possible near-term. If June extends the rally off March’s
low, the 50% retracement level of the December-March decline crossing at 94.46
is the next upside target. Closes below the reaction low crossing at 90.00
would confirm that a short-term top has been posted. First resistance is
today’s high crossing at 93.60. Second resistance is the 50% retracement level
of the December-March decline crossing at 94.46. First support is the reaction
low crossing at 90.00. Second support is April’s low crossing at 88.22.

June cattle closed down $0.50 at 119.40.

June cattle closed lower on Friday renewing the decline off December’s high.
The mid-range close sets the stage for a steady opening when Monday’s night
session begins trading. Stochastics and the RSI are oversold but remain neutral
to bearish signaling that sideways to lower prices are possible. If June
extends this week’s decline, weekly support crossing at 115.44 is the next
downside target. Closes above the 20-day moving average crossing at 121.28
would confirm that a short-term low has been posted. First resistance is the
10-day moving average crossing at 120.39. Second resistance is the 20-day
moving average crossing at 121.28. First support is today’s low crossing at
118.80. Second support is weekly support crossing at 115.44.

August feeder cattle closed down $1.75 at $143.37.

August Feeder cattle gapped down and closed lower on Friday thereby renewing
the decline off January’s high. The low-range close sets the stage for a steady
to lower opening when Monday’s night session begins trading. Stochastics and
the RSI are oversold but remain bearish signaling that sideways to lower prices
are possible near-term. If August extends this year’s decline, weekly support
crossing at 132.45 is the next downside target. Closes above the 20-day moving
average crossing at 147.55 would confirm that a low has been posted. First
resistance is the 20-day moving average crossing at 147.55. Second resistance
is the reaction high crossing at 152.17. First support is today’s low crossing
at 143.30. Second support is weekly support crossing at 132.45.

_____________________________________________________________________

T H A N K   Y O U
_____________________________________________________________________

 

Copyright 2012 INO.com. All Rights Reserved.

Weekly Metals Channel Newsletter

			Weekly Metals Newsletter
	Weekly DividendRank Metals Toplists & Metals ETF Movers

Metals Prices

Looking at metals prices this week, gold moved lower, with spot prices currently at $1368.95/ounce, down $79.58 (-5.5%) compared to $1448.53 on 05/10. Silver is currently trading at $22.42/ounce, down $1.46 (-6.1%) from $23.88 on 05/10. And turning to copper, the current spot price of $3.33/pound, has copper down $0.03 from $3.36 on 05/10, a week over week loss of -0 .9%.

Metals ETF Movers

The SPDR S&P Metals and Mining ETF (XME) outperformed other Metals ETFs this week, off about 3.5%. Components of that ETF showing particular strength this week include shares of Commercial Metals (CMC), up about 1.2% and shares of Compass Minerals International (CMP), up about 1% on the week.And underperforming other Metals ETFs this week is the Junior Gold Miners ETF (GDXJ), down about 11.5% this week. Among components of that ETF with the weakest showing for the week were shares of Dundee Precious Metals (DPM.CA), lower by about 20.5%, and shares of Romarco Minerals (R.CA), lower by about 18.6% on the week.

Other ETF standouts this week include the Steel ETF (SLX), lower by about 3.5% but still outperforming other ETFs for the week. And the Gold Miners ETF (GDX) was an underperformer, falling about 10.4% this week.

 

 

DividendRank Metals Toplist

At sister site Dividend Channel, we screen through our coverage universe of dividend paying stocks each week, and we look at a variety of data — dividend yield, book value, quarterly earnings — and compare it to the stock’s trading data to come up with certain calculations about profitability and about the stock’s valuation (whether we think it looks ”cheap” or ”expensive”).History has shown that the bulk of the stock market’s returns are delivered by dividends, and so we pay special attention to dividend history. And of course, only consistently profitable companies can afford to keep paying dividends, so profitability is of critical importance. Dividend investors should be most interested in researching the strongest most profitable companies, that also happen to be trading at an attractive valuation — maybe there is a company-specific reason causing the stock to be ”cheap” or maybe the entire sector is taking a hit, but whatever the reason, we think there is great value in ranking the Metals Channel coverage universe weekly using our proprietary DividendRank formula, and sharing the list of the week’s top ranked metals stocks with our subscribers.

These are the metals stocks our DividendRank system has identified as the top most ”interesting” in the Metals and Mining category … this is meant purely as a research tool to generate ideas that merit further research.

SPONSORED AREAOil and Gas Income Portfolio The Oil & Gas Income Portfolio is an all-energy portfolio focusing on oil & gas and related companies, with an emphasis on dividends. It is expected that the portfolio will have a dividend yield equal to 200% of the S&P 500 and a market beta of 1.5x that of the S&P 500. The Oil & Gas Income Portfolio will utilize a mix of upstream (production), midstream (transportation) and downstream (refining) dividend-paying stocks to achieve a conservative portfolio suitable for most income-oriented investors. This portfolio will hold global energy companies, but will have a focus on those operating primarily in North America (including Marcellus Shale, Barnett Shale and the Bakken Oil Formation). Click Here For Full Model Portfolio Details

 

 

Metals & Mining

DividendRank Symbol Dividend Recent Yield*  #1 ABX Q 0.80 4.16%  #2 RNO Q 1.78 12.74%  #3 NEM Q 1.40 4.46%  #4 ARLP Q 4.52 6.11%  #5 FRD Q 0.32 3.30%  #6 AHGP Q 3.05 5.04%  #7 SCCO Q 0.80 2.51%  #8 HNRG Q 0.16 2.23%  #9 FCX Q 1.25 3.91%  #10 SCHN Q 0.75 2.92%  #11 GORO M 0.36 3.88%  #12 AEM Q 0.88 3.00%  #13 SVM Q 0.10 3.77%  #14 BVN Q 1.20 6.70%  #15 CMP Q 2.18 2.45%

*(updated 8 hours, 36 minutes ago) Yield calculations vary and may not be reliable nor comparable. Not all publicly traded securities are ranked; data may be incorrect or out of date. Rankings are for informational purposes only and do not constitute investment advice. Full disclaimer

Weekly Dividend Channel Newsletter

			Weekly Dividend Newsletter
	Weekly DividendRank Toplists

Each week at Dividend Channel, we screen through our coverage universe of dividend paying stocks, and we look at a variety of data — dividend yield, book value, quarterly earnings — and compare it to the stock’s trading data to come up with certain calculations about profitability and about the stock’s valuation (whether we think it looks ”cheap” or ”expensive”).

History has shown that the bulk of the stock market’s returns are delivered by dividends, and so we pay special attention to dividend history. And of course, only consistently profitable companies can afford to keep paying dividends, so profitability is of critical importance. Dividend investors should be most interested in researching the strongest most profitable companies, that also happen to be trading at an attractive valuation — maybe there is a company-specific reason causing the stock to be ”cheap” or maybe the entire sector is taking a hit, but whatever the reason, we think there is great value in ranking our coverage universe weekly using our proprietary DividendRank formula, and sharing those lists with our subscribers, neatly divided into 17 sectors/categories.

These are the stocks our DividendRank system has identified as the top most ”interesting” … this is meant purely as a research tool to generate ideas that merit further research.

 

Business Services & Equipment

DividendRank Symbol Dividend Recent Yield*  #1 INTX Q 0.80 7.93%  #2 CODI Q 1.44 8.18%  #3 SPRO Q 0.06 3.66%  #4 VSEC Q 0.36 1.15%  #5 GEO Q 2.00 5.33%  #6 NSP Q 0.68 2.28%  #7 WU Q 0.50 3.05%  #8 HCSG Q 0.67 2.94%  #9 KELYA Q 0.20 1.18%  #10 IRM Q 1.08 2.82%  #11 ROL Q 0.36 1.48%  #12 EFX Q 0.88 1.40%  #13 MGRC Q 0.96 3.06%  #14 FIS Q 0.88 1.98%  #15 RHI Q 0.64 1.81%

SPONSORED AREAVanguard’s 5 Secret Funds… There are five funds that withstand our brutal analysis. Five funds that will most assuredly surge in the months ahead. Five funds that will quickly put you ahead of the game, instead of struggling “behind the curve.” Get their names in Dan Wiener new report “Vanguard’s 5 Secret Funds”. It’s yours FREE for a limited time.

 

Construction

DividendRank Symbol Dividend Recent Yield*  #1 ELRC Q 0.80 4.70%  #2 AYR Q 0.66 4.21%  #3 MLR Q 0.56 3.67%  #4 URS Q 0.84 1.79%  #5 DE Q 2.04 2.29%  #6 TRN Q 0.52 1.26%  #7 CAT Q 2.08 2.40%  #8 TTC Q 0.56 1.21%  #9 FLR Q 0.64 1.04%  #10 BZT Q 1.88 5.52%  #11 RAIL Q 0.24 1.36%  #12 KBR Q 0.32 0.98%  #13 TWIN Q 0.36 1.53%  #14 LNN Q 0.46 0.58%  #15 GLDD Q 0.08 1.03%

Consumer Goods

DividendRank Symbol Dividend Recent Yield*  #1 CAW Q 0.28 8.03%  #2 ESCA Q 0.32 5.34%  #3 RNDY Q 0.48 6.57%  #4 BGS Q 1.16 3.73%  #5 CIX Q 0.50 3.82%  #6 BWL.A Q 0.66 5.08%  #7 SWY Q 0.80 3.20%  #8 EDUC Q 0.32 9.10%  #9 RAI Q 2.52 5.14%  #10 KSS Q 1.40 2.69%  #11 TIS Q 1.20 5.22%  #12 GES Q 0.80 2.70%  #13 CALM Q 1.69 3.81%  #14 GME Q 1.10 2.90%  #15 M Q 1.00 2.09%

Consumer Services

DividendRank Symbol Dividend Recent Yield*  #1 NAUH Q 0.16 4.71%  #2 STON Q 2.38 8.85%  #3 CLCT Q 1.30 9.49%  #4 STEI Q 0.18 1.98%  #5 SCI Q 0.28 1.64%  #6 HRB Q 0.80 2.78%  #7 HI Q 0.78 3.11%  #8 LINC Q 0.28 4.32%  #9 UTI Q 0.40 3.38%  #10 TUC Q 0.35 2.59%  #11 STRA Q 4.00 7.65%  #12 DV S 0.17 0.56%  #13 BID Q 0.80 2.22%  #14 CVG Q 0.24 1.34%  #15 BKW Q 0.24 1.28%

SPONSORED AREAVanguard’s 5 Secret Funds… There are five funds that withstand our brutal analysis. Five funds that will most assuredly surge in the months ahead. Five funds that will quickly put you ahead of the game, instead of struggling “behind the curve.” Get their names in Dan Wiener new report “Vanguard’s 5 Secret Funds”. It’s yours FREE for a limited time.

 

Energy

DividendRank Symbol Dividend Recent Yield*  #1 ECT Q 1.77 14.92%  #2 BBEP Q 1.90 10.03%  #3 EROC Q 0.88 10.23%  #4 QRE Q 1.95 11.27%  #5 ARP Q 2.04 8.49%  #6 CLMT Q 2.72 7.62%  #7 HFC Q 1.20 2.54%  #8 CMLP Q 2.04 8.12%  #9 NDRO M 1.49 9.13%  #10 NGL Q 1.91 6.49%  #11 SDR Q 2.23 18.90%  #12 WHZ Q 2.53 18.82%  #13 EVEP Q 3.07 7.66%  #14 VNR M 2.43 8.25%  #15 CPLP Q 0.93 10.40%

Financial

DividendRank Symbol Dividend Recent Yield*  #1 KFN Q 0.84 7.84%  #2 TICC Q 1.16 11.62%  #3 VR Q 1.20 3.24%  #4 SAN Q 0.78 11.10%  #5 OXLC Q 2.20 13.01%  #6 MCC Q 1.44 9.40%  #7 PFLT M 1.05 7.36%  #8 TCRD Q 1.36 8.76%  #9 AI Q 3.50 12.12%  #10 ARCC Q 1.52 8.43%  #11 MAIN M 1.86 5.97%  #12 PNNT Q 1.12 9.98%  #13 SUNS M 1.41 7.33%  #14 PRE Q 2.56 2.85%  #15 KCAP Q 1.12 10.13%

Healthcare

DividendRank Symbol Dividend Recent Yield*  #1 PMD Q 0.60 5.33%  #2 ASEI Q 2.00 3.35%  #3 SPAN Q 0.50 2.68%  #4 NHC Q 1.28 2.70%  #5 CAH Q 1.21 2.58%  #6 SEM Q 0.40 4.87%  #7 BAX Q 1.96 2.73%  #8 IVC Q 0.05 0.35%  #9 JNJ Q 2.64 3.02%  #10 HSKA Q 0.40 4.89%  #11 NRCI Q 1.24 2.07%  #12 OMI Q 0.96 2.83%  #13 STJ Q 1.00 2.14%  #14 MDT Q 1.04 2.10%  #15 DVCR Q 0.22 4.60%

SPONSORED AREAVanguard’s 5 Secret Funds… There are five funds that withstand our brutal analysis. Five funds that will most assuredly surge in the months ahead. Five funds that will quickly put you ahead of the game, instead of struggling “behind the curve.” Get their names in Dan Wiener new report “Vanguard’s 5 Secret Funds”. It’s yours FREE for a limited time.

 

Industrial

DividendRank Symbol Dividend Recent Yield*  #1 FF Q 0.44 3.26%  #2 NOC Q 2.44 3.09%  #3 HRS Q 1.48 3.00%  #4 RTN Q 2.20 3.36%  #5 MIC Q 2.75 4.81%  #6 DD Q 1.80 3.25%  #7 LLL Q 2.20 2.60%  #8 APD Q 2.84 3.06%  #9 ACET Q 0.22 1.96%  #10 EML Q 0.40 2.63%  #11 PLOW Q 0.83 5.90%  #12 GD Q 2.24 2.95%  #13 TROX Q 1.00 4.55%  #14 CVR Q 0.60 2.35%  #15 BGG Q 0.48 2.06%

Manufacturing

DividendRank Symbol Dividend Recent Yield*  #1 CRWS Q 0.32 5.37%  #2 JCS Q 0.64 6.61%  #3 IEP Q 4.00 4.71%  #4 FLXS Q 0.60 2.86%  #5 MGA Q 1.28 2.01%  #6 LEG Q 1.16 3.44%  #7 CSCO Q 0.68 2.85%  #8 ALV Q 2.00 2.56%  #9 BSET Q 0.20 1.44%  #10 F Q 0.40 2.74%  #11 PII Q 1.68 1.86%  #12 COH Q 1.35 2.31%  #13 QCOM Q 1.40 2.14%  #14 VFC Q 3.48 1.92%  #15 CMTL Q 1.10 4.23%

Materials

DividendRank Symbol Dividend Recent Yield*  #1 DSWL Q 0.20 7.67%  #2 UFS Q 2.20 3.08%  #3 TNH Q 18.72 8.48%  #4 SMG Q 1.30 2.67%  #5 IP Q 1.20 2.54%  #6 DOW Q 1.28 3.65%  #7 SON Q 1.24 3.52%  #8 RKT Q 1.20 1.21%  #9 PKG Q 1.25 2.51%  #10 POPE Q 1.80 2.91%  #11 SWM Q 1.20 2.66%  #12 EMN Q 1.20 1.69%  #13 TUP Q 2.48 2.99%  #14 NP Q 0.60 1.94%  #15 RNF Q 2.00 6.06%

SPONSORED AREAVanguard’s 5 Secret Funds… There are five funds that withstand our brutal analysis. Five funds that will most assuredly surge in the months ahead. Five funds that will quickly put you ahead of the game, instead of struggling “behind the curve.” Get their names in Dan Wiener new report “Vanguard’s 5 Secret Funds”. It’s yours FREE for a limited time.

 

Media

DividendRank Symbol Dividend Recent Yield*  #1 AHC Q 0.32 5.25%  #2 AM Q 0.60 3.26%  #3 QUAD Q 1.20 5.38%  #4 GCI Q 0.80 3.85%  #5 MDP Q 1.63 3.84%  #6 SJR M 1.02 4.49%  #7 DLX Q 1.00 2.58%  #8 JW.A Q 0.96 2.47%  #9 TWC Q 2.60 2.67%  #10 HHS Q 0.34 3.95%  #11 MHFI Q 1.12 2.02%  #12 BLC Q 0.32 2.82%  #13 CTCM Q 0.64 5.58%  #14 OMC Q 1.60 2.55%  #15 CMCSA Q 0.78 1.82%

Metals & Mining

DividendRank Symbol Dividend Recent Yield*  #1 ABX Q 0.80 4.16%  #2 RNO Q 1.78 12.74%  #3 NEM Q 1.40 4.46%  #4 ARLP Q 4.52 6.11%  #5 FRD Q 0.32 3.30%  #6 AHGP Q 3.05 5.04%  #7 SCCO Q 0.80 2.51%  #8 HNRG Q 0.16 2.23%  #9 FCX Q 1.25 3.91%  #10 SCHN Q 0.75 2.92%  #11 GORO M 0.36 3.88%  #12 AEM Q 0.88 3.00%  #13 SVM Q 0.10 3.77%  #14 BVN Q 1.20 6.70%  #15 CMP Q 2.18 2.45%

Real Estate

DividendRank Symbol Dividend Recent Yield*  #1 EFC Q 3.08 12.11%  #2 MFA Q 0.88 9.48%  #3 DX Q 1.16 10.60%  #4 MITT Q 3.20 12.56%  #5 MTGE Q 3.60 15.16%  #6 PMT Q 2.28 9.69%  #7 WMC Q 3.80 18.70%  #8 JMI M 2.76 14.85%  #9 ARR M 0.84 14.05%  #10 NYMT Q 1.08 15.24%  #11 AMTG Q 2.80 13.14%  #12 NLY Q 1.80 11.97%  #13 OAKS M 1.92 12.75%  #14 ARI Q 1.60 8.88%  #15 STWD Q 1.84 6.74%

SPONSORED AREAVanguard’s 5 Secret Funds… There are five funds that withstand our brutal analysis. Five funds that will most assuredly surge in the months ahead. Five funds that will quickly put you ahead of the game, instead of struggling “behind the curve.” Get their names in Dan Wiener new report “Vanguard’s 5 Secret Funds”. It’s yours FREE for a limited time.

 

Technology

DividendRank Symbol Dividend Recent Yield*  #1 NTE Q 0.60 7.39%  #2 GA A 0.42 5.13%  #3 SAI Q 0.48 3.13%  #4 CA Q 1.00 3.67%  #5 MNDO A 0.24 12.91%  #6 EVOL Q 0.32 4.98%  #7 AMSWA Q 0.40 4.76%  #8 XRTX Q 0.30 2.81%  #9 STX Q 1.52 3.75%  #10 ISIL Q 0.48 6.14%  #11 INTC Q 0.90 3.76%  #12 XRX Q 0.23 2.63%  #13 KLAC Q 1.60 2.90%  #14 ESIO Q 0.32 2.87%  #15 LXK Q 1.20 3.90%

Transportation

DividendRank Symbol Dividend Recent Yield*  #1 DCIX Q 1.20 21.74%  #2 NM Q 0.24 5.14%  #3 NMM Q 1.77 11.96%  #4 SSW Q 1.25 5.47%  #5 TGH Q 1.84 4.91%  #6 TAL Q 2.64 6.16%  #7 VLCCF Q 0.70 8.74%  #8 FLY Q 0.88 5.40%  #9 STB M 0.56 8.63%  #10 SB Q 0.20 3.82%  #11 CMRE Q 1.08 6.39%  #12 TEU Q 0.48 11.38%  #13 CSX Q 0.60 2.34%  #14 CHRW Q 1.40 2.42%  #15 NSC Q 2.00 2.53%

Travel & Entertainment

DividendRank Symbol Dividend Recent Yield*  #1 EPAX Q 0.24 6.51%  #2 AERL S 0.20 5.02%  #3 DRI Q 2.00 3.79%  #4 LVS Q 1.40 2.42%  #5 CEC Q 0.96 2.49%  #6 FRS Q 0.64 3.80%  #7 CBRL Q 2.00 2.33%  #8 WWE Q 0.48 5.24%  #9 MCD Q 3.08 3.05%  #10 IILG Q 0.44 2.01%  #11 THI Q 1.04 1.85%  #12 EAT Q 0.80 1.96%  #13 BAGL Q 0.50 3.60%  #14 MCS Q 0.34 2.44%  #15 TXRH Q 0.48 2.00%

SPONSORED AREAVanguard’s 5 Secret Funds… There are five funds that withstand our brutal analysis. Five funds that will most assuredly surge in the months ahead. Five funds that will quickly put you ahead of the game, instead of struggling “behind the curve.” Get their names in Dan Wiener new report “Vanguard’s 5 Secret Funds”. It’s yours FREE for a limited time.

 

Utilities

DividendRank Symbol Dividend Recent Yield*  #1 BIP Q 1.72 4.47%  #2 SGU Q 0.33 6.74%  #3 NJR Q 1.60 3.47%  #4 APL Q 2.36 6.07%  #5 AVA Q 1.22 4.23%  #6 APU Q 3.36 7.32%  #7 SWX Q 1.32 2.64%  #8 NI Q 1.00 3.39%  #9 GAS Q 1.88 4.33%  #10 EDE Q 1.00 4.40%  #11 NWE Q 1.52 3.61%  #12 ATO Q 1.40 3.18%  #13 UGI Q 1.13 2.78%  #14 PPL Q 1.47 4.60%  #15 SPH Q 3.50 7.27%

*(updated 8 hours, 19 minutes ago) Yield calculations vary and may not be reliable nor comparable. Not all publicly traded securities are ranked; data may be incorrect or out of date. Rankings are for informational purposes only and do not constitute investment advice. Full disclaimer

Weekly ETF Channel Newsletter

			Weekly ETF Newsletter
	THE ETF WEEK IN REVIEW

	The Solar Energy ETF (KWT) outperformed other Energy ETFs this week, up about 6.4%. Components of that ETF showing particular strength this week include shares of LDK Solar (LDK), up about 19.5% and shares of MEMC Electric Materials (WFR), up about 19.1% on the week.  And underperforming other ETFs this week is the Junior Gold Miners ETF (GDXJ), down about 13% this week. Among components of that ETF with the weakest showing for the week were shares of Dundee Precious Metals (DPM.CA), lower by about 22.7%, and shares of Romarco Minerals (R.CA), lower by about 22.1% on the week.     This Week’s Top 20 ETFs Ranked By Weighted Average Broker Rating of Underlying ComponentsEach week, ETF Channel forms this rank by first looking at the analyst opinions from the major brokerage houses (which are tallied and averaged) for each individual component of each ETF. Then, for each ETF, those average broker ratings are considered as a weighted average according to the weighting of each of the ETF’s components — this gives the average broker rating for the entire ETF based upon its holdings. The ETF coverage universe is then ranked to give us the weekly top five ETFs by weighted average broker rating of underlying components. These rankings are meant as a tool for investors to generate ideas for further research. Rank ETF Stars (out of 4) #1 PXLG – amental Pure Large Growth  3.30  #2 BJK – Gaming  3.28  #3 IBB – iShares Nasdaq Biotechnology  3.25  #4 BIB – Proshares Ultra Nasdaq Biotechnology  3.25  #5 IEZ – iShares Dow Jones U.S. Oil Equipment & Services  3.24  #6 OIH – Oil Services  3.23  #7 XBI – SPDR S&P Biotech  3.23  #8 JKE – iShares Morningstar Large Growth  3.22  #9 PGJ – Golden Dragon China  3.21  #10 MGK – Vanguard Mega Cap Growth  3.19  #11 BBH – Biotech  3.18  #12 IEO – iShares Dow Jones U.S. Oil & Gas Exploration & Production  3.17  #13 EMFN – iShares MSCI Emerging Markets Financials Sector  3.17  #14 DWAS – DWA SmallCap Technical Leaders  3.16  #15 TQQQ – Proshares UltraPro QQQ  3.15  #16 IHF – iShares Dow Jones U.S. Healthcare Providers  3.15  #17 IWY – iShares Russell Top 200 Growth  3.15  #18 XLV – Health Care Select Sector SPDR  3.15  #19 GURU – Top Guru Holdings Index  3.15  #20 QLD – Proshares Ultra QQQ  3.15  List of all ranked ETFs » ETF Channel’s proprietary calculations are based on underlying ETF holdings and Zacks ABR data; powered by Xignite. Not all ETFs are ranked, nor are all underlying holdings. Rankings are for informational purposes only and do not constitute investment advice. Full disclaimer SPONSORED AREATop 5 Portfolio The TOP 5 Portfolio is a concentrated growth portfolio service for active stock investors. The portfolio takes the concept of “own the best and ignore the rest” to another level as we own just one ” Top Stock” (“Top Stocks” are the top rated stocks in terms of earnings strength and company performance) in each of the top five per forming sectors. And since the portfolio is updated every morning, it is one our easiest portfolios to follow — it only takes about 15 minutes a week! This concentrated portfolio approach is designed to do one thing and one thing only: Provide superior performance. And with just one stock pick in just five sectors, you can rest assured that the portfolio represents only our very best ideas. Click Here For Full Model Portfolio Details       Top Yielding ETFs Rank ETF ETF Category Net Assets Recent Yield*  #1 iShares FTSE NAREIT Mortgage Plus Capped Index Fund (REM) Real Estate 1.23B 11.06%   #2 KBW High Dividend Yield Financial Portfolio (KBWD) Income 250.15M 7.72%   #3 SuperDividend ETF (SDIV) Income 646.01M 7.64%   #4 CEF Income Composite Portfolio (PCEF) Value 499.69M 7.16%   #5 Guggenheim S&P Global Dividend Opportunities Index ETF (LVL) Income 70.48M 7.04%   #6 iShares B – Ca Rated Corporate Bond Fund (QLTC) Corporate Debt 10.68M 6.85%   #7 Fallen Angel High Yield Bond ETF (ANGL) 11.09M 6.50%   #8 SPDR Barclays High Yield Bond ETF (JNK) Corporate Debt 11.56B 6.39%   #9 iShares iBoxx $ High Yield Corporate Bond Fund (HYG) Corporate Debt 16.04B 6.31%   #10 (GHYG) Corporate Debt 58.79M 6.20%   #11 Preferred Portfolio (PGX) Income 2.65B 6.17%   #12 SPDR Barclays Short Term High Yield Bond ETF (SJNK) 1.31B 6.16%   #13 Financial Preferred Portfolio (PGF) Income 1.89B 6.08%   #14 SPDR S&P International Dividend ETF (DWX) Global 1.44B 6.08%   #15 SPDR Wells Fargo Preferred Stock ETF (PSK) Income 412.68M 6.08%   #16 SPDR Dow Jones International Real Estate ETF (RWX) Real Estate 4.27B 5.87%   #17 Emerging Markets High Yield Bond ETF (HYEM) 247.45M 5.76%   #18 iShares Global ex USD High Yield Corporate Bond Fund (HYXU) Corporate Debt 43.07M 5.75%   #19 Multi-Asset Diversified Income Index Fund (MDIV) Income 74.31M 5.69%   #20 SPDR S&P Emerging Markets Dividend ETF (EDIV) Emerging Markets 565.54M 5.68%   Top Yielding SPDRs ETFs Rank ETF ETF Category Net Assets Recent Yield*  #1 SPDR Barclays High Yield Bond ETF (JNK) Corporate Debt 11.56B 6.39%   #2 SPDR Barclays Short Term High Yield Bond ETF (SJNK) 1.31B 6.16%   #3 SPDR S&P International Dividend ETF (DWX) Global 1.44B 6.08%   #4 SPDR Wells Fargo Preferred Stock ETF (PSK) Income 412.68M 6.08%   #5 SPDR Dow Jones International Real Estate ETF (RWX) Real Estate 4.27B 5.87%   #6 SPDR S&P Emerging Markets Dividend ETF (EDIV) Emerging Markets 565.54M 5.68%   #7 SPDR Nuveen S&P High Yield Municipal Bond ETF (HYMB) Municipal Bonds 235.79M 4.61%   #8 SPDR Barclays Emerging Markets Local Bond ETF (EBND) Blended Debt 162.65M 4.58%   #9 SPDR Barclays Long Term Corporate Bond ETF (LWC) Blended Debt 113.17M 4.50%   #10 SPDR S&P International Telecommunications Sector ETF (IST) Technology 36.23M 4.44%   #11 SPDR Nuveen Barclays Build America Bond ETF (BABS) Municipal Bonds 98.54M 4.20%   #12 SPDR S&P International Utilities Sector ETF (IPU) Utilities 29.39M 3.96%   #13 SPDR SSgA Income Allocation ETF (INKM) 165.49M 3.85%   #14 SPDR Barclays Convertible Securities ETF (CWB) Corporate Debt 1.22B 3.68%   #15 Utilities Select Sector SPDR Fund (XLU) Utilities 6.21B 3.67%   #16 SPDR BofA Merrill Lynch Emerging Markets Corporate Bond ETF (EMCD) 15.79M 3.52%   #17 SPDR Dow Jones Global Real Estate ETF (RWO) Real Estate 1.07B 3.47%   #18 SPDR EURO STOXX 50ETF (FEZ) Europe 2.22B 3.43%   #19 SPDR BofA Merrill Lynch Crossover Corporate Bond ETF (XOVR) 18.58M 3.43%   #20 SPDR STOXXEurope 50 ETF (FEU) Europe 60.59M 3.36%   SPONSORED AREASector Selector ETF Master Newsletter If you are like me and you like to make money, now, finally, you can seek profits with Sector Selector ETF Master Newsletter, the ETF trading system built to ride the bull instead of getting trampled by the herd. Find out how you can get institutional level ETF trading strategies for less than a dollar per day! Click Here For Full Newsletter Details       Top Yielding iShares ETFs Rank ETF ETF Category Net Assets Recent Yield*  #1 iShares FTSE NAREIT Mortgage Plus Capped Index Fund (REM) Real Estate 1.23B 11.06%   #2 iShares B – Ca Rated Corporate Bond Fund (QLTC) Corporate Debt 10.68M 6.85%   #3 iShares iBoxx $ High Yield Corporate Bond Fund (HYG) Corporate Debt 16.04B 6.31%   #4 (GHYG) Corporate Debt 58.79M 6.20%   #5 iShares Global ex USD High Yield Corporate Bond Fund (HYXU) Corporate Debt 43.07M 5.75%   #6 iShares FTSE EPRA/NAREIT Developed Asia Index Fund (IFAS) Asia 43.48M 5.47%   #7 iShares Emerging Markets High Yield Bond Fund (EMHY) Emerging Markets 256.23M 5.44%   #8 iShares S&P U.S. Preferred Stock Index Fund (PFF) Income 12.45B 5.26%   #9 iShares FTSE EPRA/NAREIT Developed Real Estate ex-U.S. Index Fund (IFGL) Real Estate 1.97B 5.13%   #10 iShares MSCI Australia Index Fund (EWA) Southeast Asia – Australia 2.53B 4.79%   #11 iShares Morningstar Multi-Asset Income Index Fund (IYLD) 122.63M 4.63%   #12 iShares Dow Jones International Select Dividend Index Fund (IDV) Income 2.10B 4.57%   #13 iShares MSCI Emerging Markets Small Cap Index Fund (EEMS) Emerging Markets 35.29M 4.54%   #14 iShares MSCI Spain Capped Index Fund (EWP) Europe 327.72M 4.50%   #15 iShares 10+ Year Credit Bond Fund (CLY) Corporate Debt 334.84M 4.35%   #16 iShares S&P Global Telecommunications Sector Index Fund (IXP) Technology 516.68M 4.26%   #17 iShares J.P. Morgan USD Emerging Markets Bond Fund (EMB) Emerging Markets 5.96B 4.21%   #18 iShares Asia/Pacific Dividend 30 Index Fund (DVYA) 44.59M 4.13%   #19 iShares MSCI ACWI ex US Financials Sector Index Fund (AXFN) Global 2.56M 4.11%   #20 iShares FTSE EPRA/NAREIT Developed Europe Index Fund (IFEU) Europe 16.79M 4.04%   Top Yielding PowerShares ETFs Rank ETF ETF Category Net Assets Recent Yield*  #1 KBW High Dividend Yield Financial Portfolio (KBWD) Income 250.15M 7.72%   #2 CEF Income Composite Portfolio (PCEF) Value 499.69M 7.16%   #3 Preferred Portfolio (PGX) Income 2.65B 6.17%   #4 Financial Preferred Portfolio (PGF) Income 1.89B 6.08%   #5 KBW Premium Yield Equity REIT Portfolio (KBWY) Real Estate 115.38M 4.40%   #6 Build America Bond Portfolio (BAB) Municipal Bonds 1.08B 3.99%   #7 Emerging Markets Sovereign Debt Portfolio (PCY) Emerging Markets 2.59B 3.77%   #8 Senior Loan Portfolio (BKLN) Blended Debt 4.03B 3.75%   #9 High Yield Equity Dividend Achievers Portfolio (PEY) Income 327.88M 3.29%   #10 PowerShares S&P 500 High Dividend Portfolio (SPHD) Income 126.54M 3.25%   #11 Fundamental High Yield Corporate Bond Portfolio (PHB) Corporate Debt 807.14M 3.11%   #12 Chinese Yuan Dim Sum Bond Portfolio (DSUM) Corporate Debt 73.37M 2.97%   #13 Insured New York Municipal Bond Portfolio (PZT) Municipal Bonds 68.54M 2.82%   #14 Insured National Municipal Bond Portfolio (PZA) Municipal Bonds 1.03B 2.82%   #15 S&P 500 Low Volatility Portfolio (SPLV) Value 5.15B 2.64%   #16 Insured California Municipal Bond Portfolio (PWZ) Municipal Bonds 78.32M 2.61%   #17 FTSE RAFI Asia Pacific ex-Japan Portfolio (PAF) Asia 75.14M 2.24%   #18 International Corporate Bond Portfolio (PICB) Corporate Debt 143.65M 1.95%   #19 1-30 Laddered Treasury Portfolio (PLW) Government Debt 161.81M 1.74%   #20 Fundamental Pure Large Core Portfolio (PXLC) Growth 29.06M 1.69%   SPONSORED AREAStrategic Risk Management System A management service designed to manage the risk of the stock market on a daily basis. The service is designed to profit from both rising and falling markets via the use of easy-to-trade ETFs. Each and every day we answer the age-old question of should I be “long” the market, “short” the market or “out” of the market. We want to be fully invested in stock market when equities are rising and we want to be either short the market or in cash when equities are falling. Click Here For Full Model Portfolio Details       Top Yielding WisdomTree ETFs Rank ETF ETF Category Net Assets Recent Yield*  #1 WisdomTree Middle East Dividend Fund (GULF) Middle East 17.78M 4.15%   #2 WisdomTree Australia Dividend Fund (AUSE) Income 76.81M 3.82%   #3 WisdomTree Emerging Markets Corporate Bond Fund (EMCB) Corporate Debt 135.82M 3.67%   #4 WisdomTree Emerging Markets Local Debt Fund (ELD) Blended Debt 2.04B 3.65%   #5 WisdomTree Global Natural Resources Fund (GNAT) Commodities 24.40M 3.42%   #6 WisdomTree Equity Income Fund (DHS) Value 721.43M 3.41%   #7 WisdomTree Dividend ex-Financials Fund (DTN) Income 1.17B 3.14%   #8 WisdomTree Global ex-US Utilities Fund (DBU) Utilities 40.64M 3.13%   #9 WisdomTree SmallCap Dividend Fund (DES) Income 614.65M 3.02%   #10 WisdomTree Global Corporate Bond Fund (GLCB) Corporate Debt 7.61M 3.00%   #11 WisdomTree Global Equity Income Fund (DEW) Global 108.39M 2.94%   #12 WisdomTree DEFA Equity Income Fund (DTH) Value 226.24M 2.90%   #13 Asia Pacific ex-Japan ETF (AXJL) Asia 99.97M 2.89%   #14 WisdomTree Emerging Markets Equity Income Fund (DEM) Emerging Markets 5.67B 2.75%   #15 WisdomTree Australia & New Zealand Debt Fund (AUNZ) Government Debt 65.26M 2.74%   #16 Emerging Markets SmallCap ETF (DGS) Emerging Markets 1.60B 2.68%   #17 WisdomTree Total Dividend Fund (DTD) Income 321.63M 2.67%   #18 WisdomTree LargeCap Dividend Fund (DLN) Income 1.67B 2.64%   #19 WisdomTree MidCap Dividend Fund (DON) Income 631.48M 2.58%   #20 International SmallCap Value ETFs (DLS) Global 586.63M 2.45%   Top Yielding Vanguard ETFs Rank ETF ETF Category Net Assets Recent Yield*  #1 Vanguard Long-Term Corporate Bond ETF (VCLT) Corporate Debt 246.31M 4.43%   #2 Vanguard Long-Term Bond ETF (BLV) Blended Debt 752.70M 3.71%   #3 Vanguard Utilities ETF (VPU) Utilities 1.89B 3.39%   #4 Vanguard Extended Duration Treasury ETF (EDV) Government Debt 188.68M 3.19%   #5 Vanguard High Dividend Yield ETF (VYM) Income 7.84B 3.12%   #6 Vanguard Telecommunication Services ETF (VOX) Technology 541.44M 2.85%   #7 Vanguard Long-Term Government Bond ETF (VGLT) Government Debt 354.16M 2.70%   #8 Vanguard Mega Cap Value ETF (MGV) Value 719.55M 2.62%   #9 Vanguard Value ETF (VTV) Value 10.03B 2.55%   #10 Vanguard Intermediate-Term Corporate Bond ETF (VCIT) Corporate Debt 605.88M 2.53%   #11 Vanguard Consumer Staples ETF (VDC) Consumer 1.58B 2.43%   #12 Vanguard Dividend Appreciation ETF (VIG) Income 18.46B 2.13%   #13 Vanguard Mega Cap ETF (MGC) Growth 867.07M 2.12%   #14 Vanguard Financials ETF (VFH) Financial 1.41B 2.11%   #15 Vanguard S&P 500 ETF (VOO) North America 9.60B 2.10%   #16 Vanguard Small-Cap Value ETF (VBR) Value 3.07B 2.08%   #17 Vanguard Mid-Cap Value ETF (VOE) Value 3.32B 2.04%   #18 Vanguard Large-Cap ETF (VV) Growth 7.32B 2.00%   #19 Vanguard Total Stock Market ETF (VTI) Growth 31.27B 1.97%   #20 Vanguard Materials ETF (VAW) Industrial 971.38M 1.96%   *(updated 5 hours, 1 minute ago) Yield calculations vary and may not be reliable nor comparable; yield may be expressed as SEC 30-day yield, annualized yield based on most recent distribution, trailing twelve month yield, or reported yield. Not all ETFs are ranked; data may be incorrect or out of date. Rankings are for informational purposes only and do not constitute investment advice. Full disclaimer

FOLLOW ETF CHANNEL ON TWITTER FOR ETF UPDATES ALL THROUGHOUT THE WEEK

Weekly Energy Stock Channel Newsletter

			Weekly Energy Stock Newsletter
	Weekly DividendRank Energy Toplists & Energy ETF Movers

Energy Prices

Looking at energy prices this week, oil moved higher, with WTI Crude currently at $96.07/barrel, up $0.10 (+0.1%) compared to $95.97 on 05/10, and Brent Crude currently at $104.70/barrel, up $0.97 (+0.9%) from $103.73 on 05/10. And turning to Natural Gas, the current spot price of $4.05/MMBtu, has Natural Gas up $0.14 from $3.91 on 05/10, a week over week gain of +3.6% .

Energy ETF Movers

The WilderHill Clean Energy Portfolio ETF (PBW) outperformed other Energy ETFs this week, up about 6.6%. Components of that ETF showing particular strength this week include shares of China Ming Yang Wind Power Group (MY), up about 19.3% and shares of Canadian Solar (CSIQ), up about 18.7% on the week.And underperforming other Energy ETFs this week is the Coal ETF (KOL), down about 2.3% this week. Among components of that ETF with the weakest showing for the week were shares of Walter Energy (WLT), lower by about 7.2%, and shares of Alpha Natural Resources (ANR), lower by about 7% on the week.

Other ETF standouts this week include the Solar Energy ETF (KWT), outperforming this week with a 6.4% gain. And the RVE Hard Assets Producers ETF (HAP) was an underperformer, falling about 1.2% this week.

 

 

DividendRank Energy Toplists

At sister site Dividend Channel, we screen through our coverage universe of dividend paying stocks each week, and we look at a variety of data — dividend yield, book value, quarterly earnings — and compare it to the stock’s trading data to come up with certain calculations about profitability and about the stock’s valuation (whether we think it looks ”cheap” or ”expensive”).History has shown that the bulk of the stock market’s returns are delivered by dividends, and so we pay special attention to dividend history. And of course, only consistently profitable companies can afford to keep paying dividends, so profitability is of critical importance. Dividend investors should be most interested in researching the strongest most profitable companies, that also happen to be trading at an attractive valuation — maybe there is a company-specific reason causing the stock to be ”cheap” or maybe the entire sector is taking a hit, but whatever the reason, we think there is great value in ranking the Energy Stock Channel coverage universe weekly using our proprietary DividendRank formula, and sharing the list of the week’s top ranked energy stocks with our subscribers.

These are the energy stocks our DividendRank system has identified as the top most ”interesting” in the Energy, and Utilities categories … this is meant purely as a research tool to generate ideas that merit further research.

 

Energy

DividendRank Symbol Dividend Recent Yield*  #1 ECT Q 1.77 14.92%  #2 BBEP Q 1.90 10.03%  #3 EROC Q 0.88 10.23%  #4 QRE Q 1.95 11.27%  #5 ARP Q 2.04 8.49%  #6 CLMT Q 2.72 7.62%  #7 HFC Q 1.20 2.54%  #8 CMLP Q 2.04 8.12%  #9 NDRO M 1.49 9.13%  #10 NGL Q 1.91 6.49%  #11 SDR Q 2.23 18.90%  #12 WHZ Q 2.53 18.82%  #13 EVEP Q 3.07 7.66%  #14 VNR M 2.43 8.25%  #15 CPLP Q 0.93 10.40%

SPONSORED AREARetiree Income Portfolio The Retiree Income Portfolio is geared for the individual in retirement or approaching retirement. It is designed to be a portfolio that needs minimal attention and rebalancing. It has a heavy focus on income and dividends, especially monthly and quarterly income. The Retiree Income Portfolio is designed to replicate moderate risk of the Balanced Total Return Funds of the past and the Asset Allocation Funds of the present, but with a dividend yield 100-200% greater. It is expected that the income yield of the portfolio will be 200% greater than the S&P 500 with a market risk (beta) of approximately 0.5 or 50% of the S&P 500. Click Here For Full Model Portfolio Details

 

Utilities

DividendRank Symbol Dividend Recent Yield*  #1 BIP Q 1.72 4.47%  #2 SGU Q 0.33 6.74%  #3 NJR Q 1.60 3.47%  #4 APL Q 2.36 6.07%  #5 AVA Q 1.22 4.23%  #6 APU Q 3.36 7.32%  #7 SWX Q 1.32 2.64%  #8 NI Q 1.00 3.39%  #9 GAS Q 1.88 4.33%  #10 EDE Q 1.00 4.40%  #11 NWE Q 1.52 3.61%  #12 ATO Q 1.40 3.18%  #13 UGI Q 1.13 2.78%  #14 PPL Q 1.47 4.60%  #15 SPH Q 3.50 7.27%

*(updated 13 hours, 25 minutes ago) Yield calculations vary and may not be reliable nor comparable. Not all publicly traded securities are ranked; data may be incorrect or out of date. Rankings are for informational purposes only and do not constitute investment advice. Full disclaimer

Key Market Reports and Commentary for Thursday 16/05/2013

T H U R S D A Y   M O R N I N G   E X T R E M E   M A R K E T S
A complimentary service from INO.com ( http://www.ino.com/ )
_____________________________________________________________________

KEY EVENTS TO WATCH FOR:
In overnight news, the Euro currency fell and the U.S. dollar index rose to a nine-month high on news of a weaker-
than-expected European Union gross domestic product figure. For the sixth quarter in a row, EU GDP came in at negative growth. First-quarter EU GDP came in at minus 0.2%, compared with the fourth-quarter of last year. The GDP data from the EU suggests the European Central Bank will keep its pedal to the metal on its aggressive easing of its monetary policy. Meantime, the Bank of England Wednesday said the U.K. economy is in recovery, but it will be a very slow process that could force the BOE to implement more monetary stimulus measures. In Asia, the Japan Nikkei stock index pushed to a five-year high as the yen continues its descent versus the other major world currencies. U.S. economic data due for release Wednesday includes the weekly MBA mortgage applications survey, the producer price index, the Empire State manufacturing survey, Treasury international capital data, industrial production and capacity utilization, the weekly DOE energy stocks report, and the NAHB housing market index.

Key Events and Commentary available earlier every morning, via MarketClub (http://www.marketclub.com/)

U.S. STOCK INDEXES http://quotes.ino.com/exchanges/?c=indexes

GENERAL STOCK MARKET COMMENT: The U.S. stock indexes closed
higher again today and are hovering at or near record or
multi-year highs. The bull market in stocks rolls on. There
are no early technical clues to suggest market tops are
close at hand. Many traders and investors reckon that with
interest rates worldwide extremely low, investing in the
stock market is the only game in town that produces a
decent return. The stock index bulls have the solid overall
near-term technical advantage. The surging U.S. dollar on
the foreign exchange market and the weak raw commodity
sector, in general, continue to be a bearish weight on the
commodity markets, but not for stock indexes. The U.S.
dollar index hit a 9.5-month high Wednesday. A news report
Wednesday said a survey of investment fund managers showed
the vast majority of those money managers are shunning the
raw commodity sector as an investment asset—obviously in
favor of equities.

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INTEREST RATES http://quotes.ino.com/exchanges/?c=interest

June U.S. T-Bonds closed up 2/32 at 144 4/32 today. Prices
closed near mid-range today. Bond market bears have the
near-term technical advantage. Prices are in a steep two-

week-old downtrend on the daily bar chart. Investor money
keeps flowing into the stock market, which takes away from
money going into other investment assets, including bonds.

NYMEX CRUDE OIL http://quotes.ino.com/exchanges/?c=energy

ENERGIES: June Nymex crude oil closed steady at $94.21
today. Prices closed nearer the session high today. Gains
were limited by a firmer U.S. dollar index and worries
about worldwide demand. Crude bulls and bears are on a
level near-term technical playing field. However, a four-

week-old uptrend on the daily bar chart was negated today.

June heating oil closed up 23 points at $2.8753 today.
Prices closed nearer the session high after hitting a two-

week low early on today. Bears have the overall near-term
technical advantage.

June (RBOB) unleaded gasoline closed up 300 points at
$2.8679 today. Prices closed nearer the session high today
and scored a bullish “outside day” up on the daily bar
chart. The gasoline bulls and bears are now on a level
near-term technical playing field.

June natural gas closed up 4.1 cents at $4.065 today.
Prices closed nearer the session high today and saw more
short covering. Bulls have the slight overall near-term
technical advantage.

CURRENCIES http://quotes.ino.com/exchanges/category.html?c=currencies

CURRENCIES: The June Euro currency
closed down 60 points at 1.2879 today. Prices closed nearer
the session low today and hit another fresh six-week low.
Bears have the near-term technical advantage and gained
more downside momentum today.

The June Japanese yen closed down 9 points at .9773 today.
Prices closed nearer the session low today and hit another
fresh contract and multi-year low. Bears have the solid
overall near-term technical advantage.

The June Swiss franc closed steady at 1.0357 today. Prices
closed nearer the session high and hit a fresh nine-month
low early on today. The bears have the solid near-term
technical advantage.

The June Canadian dollar closed up 3 points at .9820 today.
Prices closed nearer the session high today and hit a
three-week low early on. Bears now have the slight near-

term technical advantage.

The June British pound closed steady at 1.5217 today.
Prices closed near mid-range and hit a fresh five-week low
today. Bears have the slight near-term technical advantage.

The June U.S. dollar index closed up .242 at 83.960 today.
Prices closed near mid-range and hit a fresh 9.5-month high
today. The bulls have good upside momentum on their side
and have the solid near-term technical advantage.

PRECIOUS METALS http://quotes.ino.com/exchanges/?c=metals

METALS: June gold futures closed down $27.50 an ounce at
$1,397.00 today. Prices closed nearer the session low and
hit a fresh three-week low today. The key “outside markets”
were again in a bearish posture for the gold market today
as the U.S. dollar index was higher and crude oil prices
were weaker. The gold bears are in near-term technical
control and gained some downside momentum with today’s
close below the key psychological level of $1,400.00.

July silver futures closed down $0.699 an ounce at $22.68
today. Prices closed nearer the session low, hit a fresh
three-week low and closed at a fresh 31-month low close.
The key “outside markets” were bearish for silver again
today as the U.S. dollar index was higher and crude oil
prices were weaker. Silver bears are in firm overall
technical control. Prices are in a seven-month-old
downtrend on the daily bar chart.

May N.Y. copper closed down 235 points at 326.70 cents
today. Prices closed near mid-range. The key “outside
markets” were bearish for copper again today as the U.S.
dollar index was higher and crude oil prices were weaker.
Copper bears have the near-term technical advantage.

FOOD & FIBER http://quotes.ino.com/exchanges/category.html?c=food

SOFTS: July sugar closed down 9 points at 16.93 cents
today. Prices closed near the session low and hit another
fresh 2.5-year low. The key “outside markets” were again
bearish for the sugar market again today, as the U.S.
dollar index was higher and crude oil prices were weaker.
There are also bearish supply forecasts coming out for
world sugar. The sugar bears have the solid overall near-

term technical advantage. Prices are in a 4.5-month-old
downtrend on the daily bar chart.

July coffee closed down 330 points at 140.70 cents today.
Prices closed nearer the session low. The key “outside
markets” were bearish for coffee again today as the U.S.
dollar index was higher and crude oil prices were weaker.
The coffee bears have quickly regained the near-term
technical advantage.

July cocoa closed down $2 at $2,351 a ton today. Prices
closed near mid-range. The key “outside markets” were
bearish for the cocoa market again today, as the U.S.
dollar index was higher and crude oil prices were weaker.
The cocoa bulls have the near-term technical advantage.

July cotton closed down 43 points at 86.49 cents today.
Prices closed nearer the session high. The key “outside
markets” were bearish for the cotton market today, as the
U.S. dollar index was higher and crude oil prices were
weaker. Cotton bulls have the slight near-term technical
advantage.

July orange juice closed down 165 points at $1.4700 today.
Prices closed near mid-range high today and saw profit
taking. The key “outside markets” were bearish for the FCOJ
market today, as the U.S. dollar index was higher and crude
oil prices were weaker. The FCOJ bulls have the overall
near-term technical advantage.

July lumber futures closed down $5.00 at $322.70 today.
Prices closed nearer the session low today and hit another
fresh seven-month low. Bears have the solid near-term
technical advantage. A two-month-old downtrend is in place
on the daily bar chart.

———————————————————————

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GRAINS http://quotes.ino.com/exchanges/category.html?c=grains

GRAINS: July corn futures closed down 2 cents at $6.50
1/2 Wednesday. Prices closed near mid-range. The key
“outside markets” were bearish for the corn market
Wednesday as the U.S. dollar index was higher and crude oil
prices were weaker. Drier and warmer weather in the U.S.
Corn Belt this week is also bearish for corn. However, the
extended forecast does call for some rain in the Corn Belt.
The corn market bears have the slight near-term technical
advantage.

July soybeans closed down 3/4 cent at $14.14 a bushel
Wednesday. Prices closed near mid-range. The key “outside
markets” were bearish for the soybean market Wednesday as
the U.S. dollar index was higher and crude oil prices were
weaker. The soybean market bulls have the slight near-term
technical advantage.

July soybean meal closed down $1.30 at $410.50 Wednesday.
Prices closed near mid-range. The meal bulls have the
slight near-term technical advantage.

July bean oil closed down 37 points at 49.39 cents
Wednesday. Prices closed nearer the session low and scored
a bearish “outside day” down on the daily bar chart. Prices
did hit a fresh three-week high early on. The key “outside
markets” were bearish for the corn market Wednesday as the
U.S. dollar index was higher and crude oil prices were
weaker. The bean oil bears still have the overall near-term
technical advantage. However, a bullish rounding-bottom
reversal pattern is forming on the daily bar chart.

July Chicago SRW wheat closed down 17 cents at $6.93 3/4
Wednesday. Prices closed near the session low and hit a
fresh three-week low. The key “outside markets” were
bearish for the wheat market Wednesday as the U.S. dollar
index was higher and crude oil prices were weaker. The
wheat market bears have the near-term technical advantage.

July HRW wheat closed down 15 1/2 cents at $7.51 1/2
Wednesday. Prices closed near the session low. The wheat
market bears have the near-term technical advantage.

LIVESTOCK http://quotes.ino.com/exchanges/?c=livestock

LIVESTOCK: June live cattle closed down $0.82 at $119.95
today. Prices closed near the session low and closed at a
fresh four-week low close today. The key “outside markets”
were again bearish for the cattle market today as the U.S.
dollar index was higher and crude oil prices were lower.
Cattle futures bears have the solid overall near-term
technical advantage.

August feeder cattle closed down $1.15 at $145.27 today.
The feeder bears have the solid overall near-term technical
advantage.

June lean hogs closed down $0.60 at $92.00 today. Prices
closed nearer the session low today on a corrective
pullback from Tuesday’s gains. Prices today did poke to a
fresh three-month high early on. Bulls still have some
upside technical momentum but need to show fresh power soon
to keep it. The hog bulls and bears are on a level near-

term technical playing field.

_____________________________________________________________________

T H A N K   Y O U
_____________________________________________________________________

Copyright 2012 INO.com. All Rights Reserved.

Key Market Reports and Commentary for Wednesday

W E D N E S D A Y   M O R N I N G   E X T R E M E   M A R K E T S
A complimentary service from INO.com ( http://www.ino.com/ )
KEY EVENTS TO WATCH FOR:
Monday, May 13, 2013
8:30 AM ET. April Advance Monthly Sales for Retail & Food Services

Overall Sales (previous -0.4%)

Sales, Ex-Auto (previous -0.4%)

10:00 AM ET. March Manufacturing & Trade: Inventories & Sales

Total Inventories (previous +0.1%)

10:00 AM ET. New York Fed’s Small Business Credit Survey

Key Events and Commentary available earlier every morning, via MarketClub (http://www.marketclub.com/)

U.S. STOCK INDEXES http://quotes.ino.com/exchanges/?c=indexes

GENERAL STOCK MARKET COMMENT: The U.S. stock indexes closed
higher today and hit new record or multi-year highs. The
bull market in stocks rolls on. There are no early
technical clues to suggest market tops are close at hand.
Many traders and investors reckon that with interest rates
worldwide extremely low, investing in the stock market is
the only game in town that produces a decent return. The
stock index bulls have the solid overall near-term
technical advantage. It was an uneventful overnight trade
in Asia and Europe Tuesday. Fresh economic data from Europe
was mixed Tuesday. The German ZEW index for May came in at
36.4 versus 36.3 in April, but below expectations of 39.5.
However, European Union industrial production rose 1.0% in
March, the largest monthly increase in 1.5 years. Good
demand at a Spanish government bond auction is a clue that
the European sovereign debt crisis is presently residing on
the back burner of the market place stove. Australia’s
government budget was released Tuesday and it hinted
further easing of that country’s monetary policy is very
possible. That news dropped the Aussie dollar to an 11-

month low versus the greenback.

_____________________________________________________________________

 

INTEREST RATES http://quotes.ino.com/exchanges/?c=interest

June U.S. T-Bonds closed down 19/32 at 144 1/32 today.
Prices closed nearer the session low today and hit a fresh
six-week low. Bond market bears have the near-term
technical advantage. Prices are in a steep two-week-old
downtrend on the daily bar chart. Investor money keeps
flowing into the stock market, which takes away from money
going into other investment assets, including bonds.

NYMEX CRUDE OIL http://quotes.ino.com/exchanges/?c=energy

ENERGIES: June Nymex crude oil closed down $0.96 at
$94.24 today. Prices closed nearer the session low today
and were again pressured by a firmer U.S. dollar index and
worries about worldwide demand. Crude bulls and bears are
now back on a level near-term technical playing field.
Prices are still in a four-week-old uptrend on the daily
bar chart.

June heating oil closed down 186 points at $2.8731 today.
Prices closed nearer the session low today. Bears have the
overall near-term technical advantage.

June (RBOB) unleaded gasoline closed up 157 points at
$2.8380 today. Prices closed nearer the session high today.
The gasoline bears still have the slight overall near-term
technical advantage.

June natural gas closed up 9.3 cents at $4.018 today.
Prices closed nearer the session high today and saw more
short covering. Bulls had faded recently but have the
slight overall near-term technical advantage.

CURRENCIES http://quotes.ino.com/exchanges/category.html?c=currencies

CURRENCIES: The June Euro currency
closed down 30 points at 1.2942 today. Prices closed near
the session low today, hit a fresh six-week low and scored
a bearish “outside day” down on the daily bar chart. Bears
have the near-term technical advantage.

The June Japanese yen closed down 29 points at .9781 today.
Prices closed nearer the session low today and hit another
fresh contract low. Bears have the solid overall near-term
technical advantage and have gained power recently to
suggest a fresh leg down in prices in the near term.

The June Swiss franc closed down 73 points at 1.0364 today.
Prices closed near the session low and hit a fresh nine-

month low today. Prices also scored a big and bearish
“outside day” down on the daily bar chart. The bears have
the solid near-term technical advantage.

The June Canadian dollar closed down 58 points at .9829
today. Prices closed nearer the session low today and hit a
two-week low. Bulls faded today and are now back on a level
near-term technical playing field with the bears.

The June British pound closed down 68 points at 1.5219
today. Prices closed near the session low today and hit a
fresh three-week low. Bulls have faded and are now back on
a level technical playing field with the bears.

The June U.S. dollar index closed up .330 at 83.690 today.
Prices closed near the session high, scored a bullish
“outside day” up on the daily bar chart and hit a fresh
nine-month high today. The bulls have good upside momentum
on their side and have the solid near-term technical
advantage.

PRECIOUS METALS http://quotes.ino.com/exchanges/?c=metals

METALS: June gold futures closed down $8.60 an ounce at
$1,425.70 today. Prices closed nearer the session low
today. The key “outside markets” were again in a bearish
posture for the gold market today as the U.S. dollar index
was firmer and crude oil prices were weaker. The gold bears
remain in near-term technical control and have recently
gained some downside momentum. Prices are in a seven-month-

old downtrend on the daily bar chart.

July silver futures closed down $0.331 an ounce at $23.365
today. Prices closed near mid-range. The key “outside
markets” were bearish for silver again today as the U.S.
dollar index was higher and crude oil prices were weaker.
Silver bears are in overall technical control. Prices are
in a seven-month-old downtrend on the daily bar chart.

May N.Y. copper closed down 720 points at 329.00 cents
today. Prices closed nearer the session low. The key
“outside markets” were bearish for copper again today as
the U.S. dollar index was higher and crude oil prices were
weaker. Copper bears regained the slight near-term
technical advantage today.

FOOD & FIBER http://quotes.ino.com/exchanges/category.html?c=food

SOFTS: July sugar closed down 24 points at 17.01 cents
today. Prices closed near the session low and hit a fresh
2.5-year low. The key “outside markets” were again bearish
for the sugar market today, as the U.S. dollar index was
higher and crude oil prices were weaker. The sugar bears
have the solid overall near-term technical advantage.
Prices are in a 4.5-month-old downtrend on the daily bar
chart.

July coffee closed down 155 points at 144.20 cents today.
Prices closed nearer the session low. The key “outside
markets” were bearish for coffee today as the U.S. dollar
index was higher and crude oil prices were weaker. The
coffee bulls and are on a level technical playing field
with the bears but need to show fresh power soon to keep
that status.

July cocoa closed up $29 at $2,355 a ton today. Prices
closed nearer the session high. The cocoa bulls have the
near-term technical advantage.

July cotton closed up 76 points at 86.80 cents today.
Prices closed nearer the session high. Cotton bulls have
the slight near-term technical advantage.

July orange juice closed up 65 points at $1.4880 today.
Prices closed nearer the session high today and closed at a
fresh four-week high close. The FCOJ bulls have the overall
near-term technical advantage.

July lumber futures closed down $9.80 at $327.70 today.
Prices closed nearer the session low today and hit a fresh
seven-month low. Bears have the solid near-term technical
advantage. A two-month-old downtrend is in place on the
daily bar chart.

———————————————————————

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GRAINS http://quotes.ino.com/exchanges/category.html?c=grains

GRAINS: July corn futures closed down 4 1/2 cents at
$6.51 Tuesday. Prices closed near mid-range on a corrective
pullback from Monday’s solid gains. Drier and warmer
weather is forecast for the U.S. Corn Belt the next couple
days, which is bearish for corn. However, the extended
forecast does call for rain and cooler temperatures in the
Corn Belt. Traders are reckoning the growing season in the
U.S. is a long one, and recent weather extremes in the U.S.
Corn Belt could continue in the coming months and make for
volatile trading conditions during that time.

July soybeans closed down 4 cents at $14.15 1/4 a bushel
Tuesday. Prices closed near mid-range and did hit a fresh
six-week high early on. The soybean market bulls have the
slight near-term technical advantage. Recent wild weather
swings in the U.S. Corn Belt have called into question
whether optimum growing weather can be achieved for the
soybean crop this year.

July soybean meal closed down $2.80 at $412.30 Tuesday.
Prices closed nearer the session low. The meal bulls have
the slight near-term technical advantage.

July bean oil closed up 13 points at 49.74 cents Tuesday.
Prices closed near the session high and closed at a fresh
four-week high close. More short covering in a bear market
was featured. The bean oil bears still have the overall
near-term technical advantage. However, a bullish rounding-

bottom reversal pattern is forming on the daily bar chart.

July Chicago SRW wheat closed up 2 1/2 cents at $7.12 1/4
Tuesday. Prices closed near mid-range again and saw more
tepid short covering in a bear market. The wheat market
bears now have the near-term technical advantage.

July HRW wheat closed up 1/4 cent at $7.66 3/4 Tuesday.
Prices closed near mid-range on tepid short covering. The
wheat market bears have the slight near-term technical
advantage.

LIVESTOCK http://quotes.ino.com/exchanges/?c=livestock

LIVESTOCK: June live cattle closed up $0.17 at $120.75
today. Prices closed nearer the session low today. Not much
new in cattle. The key “outside markets” were again bearish
for the cattle market today as the U.S. dollar index was
higher and crude oil prices were lower. Cattle futures
bears have the solid overall near-term technical advantage.

August feeder cattle closed up $0.22 at $146.42 today.
Tepid short covering in a bear market was featured. The
feeder bears still have the solid overall near-term
technical advantage.

June lean hogs closed up $1.57 at $92.50 today. Prices
closed nearer the session high today on short covering.
Bulls regained some upside technical momentum today.

The hog bulls and bears are now back on a level near-term
technical playing field.

_____________________________________________________________________

T H A N K   Y O U
_____________________________________________________________________

 

Copyright 2012 INO.com. All Rights Reserved.

Key Market Reports and Commentary for Tuesday 14/05/2013

T U E S D A Y   M O R N I N G   E X T R E M E   M A R K E T S
A complimentary service from INO.com ( http://www.ino.com/ )

KEY EVENTS TO WATCH FOR:
Monday, May 13, 2013
8:30 AM ET. April Advance Monthly Sales for Retail & Food Services

Overall Sales (previous -0.4%)

Sales, Ex-Auto (previous -0.4%)

10:00 AM ET. March Manufacturing & Trade: Inventories & Sales

Total Inventories (previous +0.1%)

10:00 AM ET. New York Fed’s Small Business Credit Survey

Key Events and Commentary available earlier every morning, via MarketClub (http://www.marketclub.com/)

U.S. STOCK INDEXES http://quotes.ino.com/exchanges/?c=indexes

GENERAL STOCK MARKET COMMENT: The U.S. stock indexes closed
lower today on profit taking and worries the Fed may be
ready to back off on quantitative easing. The stock index
bulls still have the overall near-term technical advantage.
The U.S. dollar has surged on the world foreign exchange
market the past couple trading sessions, which in turn has
impacted several other markets, including bearish for the
precious metals. There was a story in the Wall Street
Journal late Friday that said U.S. Federal Reserve monetary
officials have come up with a strategy to wind down the
Fed’s $85 billion-a-month bond-buying program, also known
as quantitative easing. That report, which had been rumored
to be coming out late last week, added upside price
pressure to the U.S. currency in the FOREX market. However,
there was no specific timetable for the “QE” exit in the
news story, and there have been no other indications by Fed
officials, including Fed Chairman Bernanke, that the U.S.
central bank will begin to tighten monetary policy any time
soon. The greenback hit a four-year high against the
Japanese yen Monday, following a weekend Group of Seven
finance officials’ meeting in London that failed to
criticize Japan and its aggressive easing of its monetary
policy. China on Monday reported its industrial production did
improve during April, but still came in slightly below
trade expectations. Industrial production in China came in
at up 9.3%, on an annualized basis, in April. The market
expected up 9.5%. This news was slightly bearish for the
metals Monday. However, given other major world economic
numbers that have for many months paled in comparison to
the strength of China’s, it’s hard to call these numbers
coming out of China “weak.”

_____________________________________________________________________

 

INTEREST RATES http://quotes.ino.com/exchanges/?c=interest

June U.S. T-Bonds closed down 12/32 at 144 20/32 today.
Prices closed near mid-range today and hit a fresh five-

week low. Bond market bears now have the near-term
technical advantage. Prices are in a steep two-week-old
downtrend on the daily bar chart.

NYMEX CRUDE OIL http://quotes.ino.com/exchanges/?c=energy

ENERGIES: June Nymex crude oil closed down $1.07 at
$94.97 today. Prices closed nearer the session low today
and were pressured by a firmer U.S. dollar index and
worries about worldwide demand. Crude bulls still have the
slight near-term technical advantage. Prices are in a four-

week-old uptrend on the daily bar chart.

June heating oil closed down 170 points at $2.8892 today.
Prices closed nearer the session low today. Bears have the
overall near-term technical advantage.

June (RBOB) unleaded gasoline closed down 365 points at
$2.8238 today. Prices closed nearer the session low today.
The gasoline bears have the slight overall near-term
technical advantage.

June natural gas closed up 1.9 cents at $3.929 today.
Prices closed near mid-range today on short covering.
Prices last week hit a seven-week low. Bulls have faded
recently and need to show more power soon. Bulls do have
the slight overall near-term technical advantage.

CURRENCIES http://quotes.ino.com/exchanges/category.html?c=currencies

CURRENCIES: The June Euro currency
closed down 12 points at 1.2975 today. Prices closed near
mid-range today and closed at a fresh six-week low close.
Bears have the near-term technical advantage.

The June Japanese yen closed down 38 points at .9812 today.
Prices closed nearer the session low today and hit a fresh
contract low. Bears have the solid overall near-term
technical advantage and have gained power recently to
suggest a fresh leg down in prices in the near term.

The June Swiss franc closed down 16 points at 1.0440 today.
Prices closed nearer the session low and closed at a fresh
nine-month low close today. The bears have the solid near-

term technical advantage.

The June Canadian dollar closed up 1 point at .9881 today.
Prices closed near mid-range today. Bulls still have the
slight near-term technical advantage.

The June British pound closed down 63 points at 1.5289
today. Prices closed nearer the session low today and hit a
fresh three-week low. Bulls still have the slight near-term
technical advantage but have faded and need to show fresh
power soon.

The June U.S. dollar index closed up .099 at 83.330 today.
Prices closed near mid-range today and closed at a fresh
six-week high close. The bulls have gained good upside
momentum recently. The bulls have the near-term technical
advantage.

PRECIOUS METALS http://quotes.ino.com/exchanges/?c=metals

METALS: June gold futures closed down $2.60 an ounce at
$1,434.00 today. Prices closed near mid-range today and saw
some follow-through weakness from Friday’s strong losses.
The key “outside markets” were in a bearish posture for the
gold market today as the U.S. dollar index was firmer and
crude oil prices were weaker. The bears remain in near-term
technical control and have just recently gained some fresh
downside momentum. Prices are in a seven-month-old
downtrend on the daily bar chart.

July silver futures closed up $0.032 an ounce at $23.69
today. Prices closed near mid-range. The key “outside
markets” were bearish for silver today as the U.S. dollar
index was higher and crude oil prices were weaker. Silver
bears are still in overall technical control. Prices are in
a seven-month-old downtrend on the daily bar chart.

May N.Y. copper closed up 60 points at 336.20 cents today.
Prices closed near mid-range in quieter trading. The key
“outside markets” were bearish for copper today as the U.S.
dollar index was higher and crude oil prices were weaker.
Copper bulls are on a level near-term technical playing
field with the bears.

FOOD & FIBER http://quotes.ino.com/exchanges/category.html?c=food

SOFTS: July sugar closed down 14 points at 17.29 cents
today. Prices closed nearer the session low and closed at a
fresh 2.5-year low close today. The key “outside markets”
were bearish for the sugar market today, as the U.S. dollar
index was higher and crude oil prices were weaker. The
sugar bears have the solid overall near-term technical
advantage. Prices are in a 4.5-month-old downtrend on the
daily bar chart.

July coffee closed up 160 points at 146.05 cents today.
Prices closed nearer the session high. Short covering was
featured. The coffee bulls gave gained upside momentum
recently and are on a level technical playing field with
the bears.

July cocoa closed up $37 at $2,337 a ton today. Prices
closed nearer the session high after hitting a fresh four-

week low early on. Prices also scored a bullish “outside
day” up on the daily bar chart today. The cocoa bulls have
the slight near-term technical advantage.

July cotton closed down 39 points at 86.09 cents today.
Prices closed nearer the session high. Cotton bulls have
the slight near-term technical advantage.

July orange juice closed up 320 points at $1.4755 today.
Prices closed nearer the session high today and hit a fresh
four-week high. The FCOJ bulls have the overall near-term
technical advantage.

July lumber futures closed down $0.80 at $337.50 today.
Prices closed nearer the session low today. Bears have the
solid near-term technical advantage. A two-month-old
downtrend is in place on the daily bar chart.

———————————————————————

Free Video Seminar – “Avoiding Common Trading Pitfalls”

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GRAINS http://quotes.ino.com/exchanges/category.html?c=grains

GRAINS: July corn futures closed up 19 1/4 cents at
$6.55 1/4 Monday. Prices closed nearer the session high
today on short covering and on planting delays in the U.S.
Corn Belt. Drier and warmer weather is forecast for the
U.S. Corn Belt the next couple days, but the rain is in the
outlook for the region. While last Friday’s USDA supply and
demand report was bearish, traders are reckoning the
growing season in the U.S. is a long one, and recent
weather extremes in the U.S. Corn Belt could continue in
the coming months and make for a short crop, despite a
record-large crop being predicted by the U.S. government.

The corn market bears still have the slight near-term
technical advantage.

July soybeans closed up 18 1/4 cents at $14.17 1/4 a bushel
Monday. Prices closed nearer the session high and closed at
a fresh five-week high close on short covering and on tight
U.S. domestic supplies at present. The soybean market bulls
now have the slight near-term technical advantage. While
last Friday’s monthly USDA supply and demand report was
deemed bearish by forecasting record U.S. production,
recent wild weather swings in the U.S. Corn Belt have
called into question whether optimum growing weather can be
achieved this year.

July soybean meal closed up $6.20 at $413.00 Monday. Prices
closed nearer the session high on short covering. The meal
bulls have gained the slight near-term technical advantage.

July bean oil closed up 41 points at 49.65 cents Monday.
Prices closed nearer the session high, hit a fresh two-week
high and saw short covering in a bear market. The bean oil
bears still have the overall near-term technical advantage.

July Chicago SRW wheat closed up 4 3/4 cents at $7.09
Monday. Prices closed near mid-range and saw short covering
in a bear market. The wheat market bears now have the near-

term technical advantage.

July HRW wheat closed up 6 3/4 cents at $7.65 1/2 Monday.
Prices closed near mid-range on short covering. The wheat
market bears have the slight near-term technical advantage.

LIVESTOCK http://quotes.ino.com/exchanges/?c=livestock

LIVESTOCK: June live cattle closed down $0.25 at $120.20
today. Prices closed near the session low today. Not much
new in cattle. The key “outside markets” were bearish for
the cattle market today as the U.S. dollar index was higher
and crude oil prices were lower. Cattle futures bears have
the solid overall near-term technical advantage.

August feeder cattle closed up $0.17 at $146.80 today.
Prices closed near the session low. Tepid short covering in
a bear market was featured. The feeder bears still have the
solid overall near-term technical advantage.

June lean hogs closed up $0.40 at $90.90 today. Prices
closed near mid-range today and saw tepid short covering in
a bear market. The key “outside markets” were bearish for
the hog market today, as the U.S. dollar index was higher
and crude oil prices were weaker. The hog bears have the
near-term technical advantage.

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