– SNDK -13.4%
– TPX -20.8%
– RVBD -26%
Equity markets themselves are performing well. DJIA front-month futures reclaimed the 13,000 handle, trading nearly 1% higher on the day. S&P futures gained 0.7%, while the NASDAQ futures are up 0.5%. Along with equities, Crude Oil is higher by 1.5%, trading just under $104 per barrel.
The US$ is also taking a hit today. Yesterday, we wrote that we are waiting for EUR/USD to break out of its Ichimoku Cloud for an indication on where prices may move in the future. That cloud contains prices between 1.3055 and 1.3190 on a daily chart. EUR/USD is trading at 1.3214, so a close at or above the 1.3190 would be a buy signal, possibly for an extension to the 1.35 level.
In Treasury markets, the 30-year bond is down 0.3%, while the 10-year note has fallen 0.1%.
At this point, on the week, Orange Juice futures are among the largest gaining commodities, rising 3.9%, double the gains of Copper (1.9%) and the DJIA futures (1.8%). On the negative side, Sugar futures are down 7.9% and Natural Gas fell another 2.7%. Year-to-date, Natural Gas is now down 35.4%. Ouch.