Archive | May, 2007

Shanghai Composite

Casino Royale, China and the Ghosts of 1929

No matter where you turn for your financial news, one item regularly makes it way to the front page. It is the amazing bull markets in Shanghai, and Shenzhen, China. These phenomenal bull runs reflect a number of situations emerging from China. But make no mistake, to glean important economic signals from the price action […]

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July Lumber Futures

Lumber Futures Showing Early Signs of Major Market Low

uly lumber futures at the Chicago Mercantile Exchange on Tuesday gapped higher on the daily bar chart and hit a fresh four-week high of $256.40. Recent price action has also penetrated on the upside and negated a downtrend line drawn off the January high of $321.00. Bulls are now encouraged that a major market low […]

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Derek Frey Market Comments

This week we saw CPI come out largely as expected. This really took the wind out of the sails of those who expected a rate hike or cut for that matter. We continue to argue that the FOMC will do nothing for the balance of the year as they still need more time for the […]

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Option Queen Letter

Now, the abysmal retail sales numbers have been attributed to those individual investors, who’re thoughtlessly throwing money at an already overbought stock market. Well, perhaps it is a thought, however justified. But, from where we sit, we see money chasing money, raising it higher and higher, yet buying, every dip. Now, we’ve expressed a concern, […]

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Orange Juice Futures

OJ Trade Recommendation

OJ had been on a very long term up trend since 2004, but that trend has now decisively broken down. It is now making a classic bear flag as you can see on the chart below. This market is destined for a much deeper correction after the huge run up it has seen. A 50% […]

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t-Bond Futures

T-Bond Trade Recommendation

Today we have the rate decision from the FOMC at 2:15pm EST. The consensus is that Mr. Bernanke and company will leave interest rates unchanged. The main issue many traders are looking for is a change in verbage towards inflation. With Gas prices at all time highs and Gold closing in on $700, signs of […]

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The Platinum ETF

The Platinum ETF

ETF Securities recently announced the formation of an ETF that would purchase physical platinum on the open markets and store it for investors in hopes of positive investment returns. The fund would trade on the London stock exchanges and comes three days after a similar announcement by the Zurich Cantonal Bank that claims to be […]

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Derek Frey Market Comments

This week we have the monthly NFP (Non-Farm Payrolls) report out on Friday. This report is one of the more influential for the dollar and could set the tone for the months head. If the dollar continues to weaken, many commodities will have little choice but to move up in response to the weakening dollar. […]

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