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Tue, May 7th, 2024

Thomas Bills

Thomas Bills

I'm currently a middle office analyst for a proprietary trading firm with a BS in finance from the University of Illinois (Champaign-Urbana). I have 20+ years of experience in this industry ranging from working on the trading floors of the CME and CBOE, working in back-office operations, managing a clearing department, trading equities for a prop firm, and trading futures for my own account. 

I analyze 30+ different futures markets on a daily basis in the following sectors: grains, softs, meats, metals, energy, indexes, interest rates, and currencies. All of my market analysis is technical-based and looks for key areas of support and resistance that could either provide solid reward to risk trades or identify areas for profit-taking.

Most Recent Stories

Nasdaq Correction Underway?

Lower support zone between 17150 and 16500.

Can Crude Oil Trade Above Weekly Resistance?

If Crude continues its recent rally, upside resistance looms.

10 Year Futures Rally in Question

Current price levels offer potential resistance, but downside support is present.

Does the Nasdaq Rally Continue?

Nasdaq long term analysis leans towards higher prices.

Nasdaq Downwards Move Could Trigger Large Rally

The recent move down is currently characterized as a weak trend.

Canadian Dollar Turns Bearish

There are 3 important zones on the radar. One is potential resistance on rallies. The other two are a possible downside support and a minimum target.

British Pound Turns Bearish on Daily Chart

3 potential support zones approaching between 1.2320 and 1.2025.

Will the British Pound Rally Continue?

Recent trend is very bullish, but upside resistance approaches between 1.3391 and 1.3975.

Australian Dollar Forecast

Bearish bias with downside target zone of 0.62230-0.61355.

Is the Gold Rally Done?

Watch 1920.50 to 1866.70 area .

Tweets @Barchart

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Interest Rates will stay high for an extended period and rate hikes are not off the table cautions Minneapolis Fed President Neel Kashkari https://t.co/wCpQEYXx19
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Commodities are the most correlated with stocks since AT LEAST 1980 🚨 https://t.co/Ajj1udM0aM
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Goldman Sachs says panic has left the market. CNN says the market is fearful. Who are we going with? https://t.co/fosGsNGn2j https://t.co/KAj6eH4q9O
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An economic crash is coming if the Federal Reserve delays rate cuts, warns State Street. Less than a month ago, State Street said the Fed would begin cutting in June and ultimately cut rates by 150bps this year. State Street seems to really want rate cuts 🤔 https://t.co/GOmXcV1cQJ
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Dow Jones Industrials has now traded green for 5 consecutive trading days, its longest winning streak since December https://t.co/siAmYePNxf
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Cocoa Posts Biggest Gain Since AT LEAST 1980 🚨 Here we go again! Cocoa soared 13.47%, its largest gain in AT LEAST 44 years https://t.co/G1mDeS79h0 https://t.co/IBwrp4Httu
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Stanley Druckenmiller says that Powell should say less and stop going on 60 Minutes because he’s no rockstar 😂 https://t.co/bpjLde6YtH
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S&P 500 Presidential Election 3-Month Seasonality 🚨 The S&P 500 $SPX has generated average returns of 7.27% during June-August of Presidential Election years with data going back to 1928 https://t.co/OAIumvd829 https://t.co/RIoN1Xsp2D
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Tesla Insider Trading Alert 🚨 Tesla Chair Robyn Denholm sold $17.3 million worth of $TSLA shares on Monday and has now sold more than $50 million worth so far this year https://t.co/kU6JVDHeML https://t.co/BNCkeof73B
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Stanley Druckenmiller cuts his Nvidia $NVDA position and says "we've had a hell of a run." He also cautions that AI might be getting overhyped. 👀 https://t.co/pTtHGO0azg
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