Archive | March, 2007

Euro Currency Futures

Euro Currency Trade Recommendation

The Euro has been stuck in a trading range since December of 2006. The European Central Bank (ECB) just raised rates and all but stated that they intend to raise again at future meetings. This should be the catalyst that the market has been waiting for to break it out of this trading range, a […]

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O&F News & Views

Stocks: The market bounced a bit further than we expected but is still very bearish. Friday’s high is just below the high on Feb. 28th and we continue to build a bear flag. This week I expect to retest the lows at about 12,000 and there is a chance that we could fall below that. […]

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Hedge Funds Escape Regulation

Should Investors Be Worried? When the Lilliputians came upon the sleeping Gulliver, they didn’t know if he was friendly or hostile, but he was so big it seemed prudent to tie him down. Should the 9,000 hedge funds — the secretive investment pools controlling $1.4 trillion in assets — be treated the same way? (more…)

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Familiar Price Action in Gold Market

Familiar Price Action in Gold Market

One powerful analytical tool I use is to look for market correlations regarding recent price action, and what future price action may hold. In the case of April gold futures, see on the daily bar chart that recent price action resembles that which took place from October through late December of last year. See that […]

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Orange Juice Futures

OJ Trade Recommendation

OJ has been trying unsuccessfully to break through resistance for some time now. We have already seen a substantial rally in the OJ market and just like the stock market a healthy correction is needed. Notice on the left side of the chart below all the gaps that this market left many months ago. Any […]

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Trading Range

Wild Week Continues – Volatility Rides On

The past week of trading has been a little erratic and wild. It’s not necessarily the “Equities Gone Wild” of 2000-2002 when the market was ferociously volatile, but this past week does have an aura of its own that has a comparable volatility. As I was thinking about the large swings in the market, I […]

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Cocoa Futures for May 2007

Profit-Taking, Stops Push Cocoa Sharply Lower

May cocoa futures on the New York Board of Trade were under strong selling pressure in busy early dealings Tuesday. Prices hit a low of $1,716 as of this writing and were trading near the session low and hit a fresh three-week low. Heavy stop-loss orders were triggered. Profit-taking pressure from recent gains was also […]

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Forex Report

The pound has tried several times to push through 1.97 resistance in recent months, but has been unsuccessful as of yet. The recent break down was somewhat unexpected and has the pound trading near strong support @ 1.92. Look for a bounce off this level to near 1.9475. EUR/USD Unable to break through resistance near […]

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The Option Queen Letter

The Option Queen Letter

The Options Queen, Jeanette Schwarz has just released her first book: The Options Doctor: Option Strategies for Every Kind of Market (Wiley Trading) When one looks as the major retreats of the past, similarities, suggestive of prior experience, are all but unavoidable. And, so it is with today’s market news. (more…)

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Copper & the Housing Market

The housing market’s impact on the entire economy can not be understated. As nearly two dozen sub-prime mortgage companies have gone under in the past few months, economists are beginning to worry that the real estate collapse may soon spill over in to other areas. Even Alan Greenspan, the perennial optimist, admitted today that the […]

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