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Which Way the Market?
These are the primary factors we consider bullish and/or bearish -
some are both! The market knows these but how it weighs them from
time to time is the mystical element which draws us back day in
and day out.
Good luck!
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7/22 |
BULLISH FACTORS |
BEARISH FACTORS |
| 1 |
New crop acreage down |
Chinese management of prices |
| 2 |
Weak dollar |
Yarn prices remain weak |
| 3 |
Unwillingness of trade to
sell futures |
Recession fears/Credit crunch |
| 4 |
Strong prices in competing crops |
Man-made fiber prices |
| 5 |
Chinese textile export rebate |
Overall Chinese demand |
| 6 |
Northern Hemisphere crop
reductions, especially India |
CFTC probe |
| 7 |
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Mill prices below market |
| 8 |
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Index funds gone |
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