Archive | July, 2006

S&P Commentary (Part 2)

S&P Commentary (Part 2)

Fundamentally weak, technically broken….So what happens to a market that faces record high oil prices, a slowing economy, a slowing housing market, global monetary tightening policies and geopolitical tensions. If you knew about all of these factors, you would assume the market was weak, which in fact it is. (more…)

Continue Reading 1

Cotton Prices Rally

Contrary to the price action seen in other commodities today, NY cotton staged a conspicuous rally by moving all the way back up to 5320 in early dealings. This move may serve to confirm suspicions that cotton prices are situated in a sideways trading range between 5188 and 5426 over the near term. Only a […]

Continue Reading 0

Soft Commodity Roundup

Oj looks as if it has now stabilized and I will be cautiously entering the long side this week with stops just below 155. Cocoa has found short term resistance and for now I am not going to buy this pullback. In fact puts could be the way to go in the near term. (more…)

Continue Reading 0
August Crude Oil Futures

Crude Oil Bulls Eyeing $80.00 a Barrel

Crude oil futures futures at the New York Mercantile Exchange on Thursday set an all-time record high, basis nearby futures. And in after hours trading Thursday afternoon prices pushed above $77.00 a barrel. Bulls are very strong–both technically and fundamentally–in the crude oil market. The next major upside price objective for the bulls is major […]

Continue Reading 0

Uranium: Mineral of the Moment

JOHANNESBURG (Business Day) — Uranium has definitely been in the spotlight this week. The U.K. government released its Energy Review, which, as expected, gave the go-ahead to building new nuclear power stations. JSE- and Toronto-listed uranium company sxr Uranium One [TSX:SXR] announced it was negotiating two separate acquisitions of uranium mills and properties in the […]

Continue Reading 0
October Gold Futures

Gold Futures Trade

Gold has been on a wild ride ever since breaking out above $500. We saw a brief but fast rally that carried us to about $740 earlier in the year. Since that rally we have seen quite a dramatic sell off followed recently by the current bounce. I believe the current bounce will carry us […]

Continue Reading 0
Euro Currency August 2006

August Euro Currency

We just exited our July Euro put spread for a little more than a 100% return in 30 days. As I mentioned in the July spread I remain a longer term bull of this market. The Euro continues to gains strength and I see an upside break out coming later this month and this trade […]

Continue Reading 0
S&P 500 Futures

S&P 500 Futures

The question has been posed by the media, market analysts and every individual who has an interest in the financial markets direction. The greatest thing about it is that NOBODY KNOWS where the market is headed next. Yes, there are theories, hypotheses and guesses, but only the market knows where it will be headed next. […]

Continue Reading 0

Commodity Funds Volatile But Offer Hedge

Q. I’ve read that a mutual fund containing commodities will help give my portfolio some diversification and help me make money when the stock market is down. I have heard of Pimco Commodity Real Return. Are there other commodity funds? My financial consultant was having difficulty identifying them. –D.B., Baltimore (more…)

Continue Reading 0