Viper Trader

SLV Silver
Commodities

The  iShares Silver Trust (SLV, [stock SLV]) is hovering around strong support at the $25.40 level. 

Energy ETF Technicals Looking for Lower Move
Commodities

Technical Screens found trouble in the energy sector.

Gold Bars
Commodities

Looking at the gold charts today we find a solid bounce off support at $14.90 on the iShares Gold Trust (IAU, [stock IAU]).  iShares Gold Trust has been in descending channel since early February dropping over 14% since before bouncing off solid support

Market Wrap Up
Commodities

This stock market has problems. Problems indeed! With what appeared to be an oversold bounce this morning was shattered on more negative news from the ECB cutting funding to certain Greece’s banks not to mention the FOMC statement about highlighting several members saw the need for additional stimulus causing the bulls packing once again.

AUD/USD Technical Outlook
Currencies

The Aussie dollar against the U.S. dollar continues is move lower supporting our bearish basis on the AUD/USD.

Mid-Day Energy Market Update
Commodities

The bears trying to take control forcing stocks lower and the S&P 500 lower towards this morning’s level and forcing the NASDAQ to session’s lows.

Imperial Sugar Agrees to be Acquired (IPSU)
Commodities

Louis Dreyfus Commodities LLC to buy Imperial Sugar Co (IPSU, quote).  Imperial Sugar has agreed to be purchased by company Louis Dreyfus Commodities LLC via an all cash agreement that values the sugar refiner roughly at $78 million.