Archive | April, 2007

Option Queen Letter

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) Can you believe that this week is already the first week in May? How quickly time passes when the market is in rally mode! We have been watching money filter into the […]

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Russia’s Abundant Oil and Gas

The Big Bear is roaring in the first decade of the 21st century. Sixteen years after the collapse of the Soviet Union, Russia is once again making a play for Great Power status. In addition to its massive stockpile of nuclear arms, the country has resources that may give it even more leverage in the […]

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Jurgens Bauer’s Coffee Comment

With the market on the defensive and fund selling evident, why is the market holding up so well? What I mean is how come we’re not down to 104? The charts look negative, so how can you blame the short term funds who must already be short, from probing further for additional weakness? In lieu […]

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Gold Futures

Gold Bulls Still Eye $700.00 Hurdle

June gold futures last week hit a fresh six-week high of $698.00 an ounce. Prices have backed off a bit this week on some profit-taking pressure, but the bulls still have the solid near-term technical advantage. A six-month-old uptrend line is in place on the daily bar chart for June gold futures. The next upside […]

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Market Comments by Derek Frey

This week we will see the stock market grabbing most of the headlines as it cruises through 13,000 on the Dow. We are seeing a trend develop in the soft complex that is worth mentioning. We are seeing all but one of the major soft markets trending down which could be foretelling of an overall […]

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Forex Report

GBP/USD After an impressive rally through 200 the cable has stalled. We continue to look at the Doji formation on the daily charts as a near term top indication. This pair could pull back to about 1.98 this week. Longer term we remain bullish but the probability of a pullback this week is greater than […]

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BM&F Reaches Historic Record

The Brazilian Mercantile & Futures reached the historic record of 2 billion contracts traded, on Monday, April the 16th. The record was reached at 12:16pm, in the Ibovespa futures market, between the brokerage houses Ágora (buyer) and Fator (seller). The four traders responsible for the trade were: Amauri Simões de Almeida Jr. and Rodrigo Mancini […]

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Soybean futures

Soybeans Oversold, Bottom Likely Near

July soybean futures at the Chicago Board of Trade on Wednesday gapped lower on the daily bar chart and hit a fresh three-month low of $7.29 a bushel. Near-term chart damage has been inflicted upon the soybean market recently, and prices are in a two-month-old downtrend from the late-February contract high of $8.22. However, July […]

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First U.S. Natural Gas-Based Fund

NEW YORK, April 18, 2007 – Victoria Bay Asset Management, LLC and the American Stock Exchange® (Amex®) announced today the launch of the United States Natural Gas Fund, LP (UNG), an exchange traded security based on natural gas, which will list on the Amex under the ticker “UNG.” (more…)

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Live Cattle Futures

Cattle Traders Have (Trend) Lines Drawn in the Sand

June live cattle futures on the Chicago Mercantile Exchange have seen prices back way off from the early-March contract high of $99.82. Prices late last week hit a fresh two-month low of 91.95 cents. A downtrend line has formed on the daily bar chart for June live cattle futures, drawn off the contract high scored […]

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