Archive | June, 2007

Gold Holds Support Level …So Far

During the past month August Gold futures have fallen from $680.00 and traded as low as $642.70. Many technicians, including myself, showed support levels between $640.00 and $642.00. With higher yielding Treasury Instruments and a buoyant U.S. Dollar during the past month it has been very difficult for the Gold market to sustain any significant […]

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summer trading ranges

Double Top Dilemma

Has the market really made a double top or is corrective action taking place in typical summer doldrums fashion? It could be a little of both. First off, the summer months can be volatile. June has been one of those volatile months. Daily trading ranges have been above the last 15 year’s average (see chart […]

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Jurgens Bauer’s Coffee Comment

September futures managed to hold yesterday’s low of 111 and while it did bounce, it never made it above 112.30. In fact 112.30, (referred to as resistance in my morning comment), was also where we saw some aggressive selling yesterday. A late rally attempt, short covering from day traders, did allow for some firmness prior […]

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Option Queen Letter

How many of you actually believed that there would be a market upset, inspired by the sub-par loan portfolios? Much of the problem comprised with anticipation, as the consequence of knowing the event was necessarily forth-coming, was the very long lag-time required for the mess to bubble to the surface of the debt pool. (more…)

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Cotton Futures

Cotton Bulls Flexing Their Muscles

December cotton futures on the New York Board of Trade have seen a strong price uptrend develop from the May contract low of 51.60 cents. Prices on Wednesday hit a fresh 10-month high of 62.10 cents, but then backed off by the close. That level is now strong overhead near-term technical resistance. Bulls do still […]

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Bull Run Over for Stock Market?

In the last week we have seen all major indexes up strong. The Dow was up over one percent, the S&P up 1.5 percent and the Nasdaq and Russell indexes up over 2 percent for the last week. For the year we have seen the Dow up 9.7 percent, with the S&P up8.3 percent. The […]

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Volatility Picks Up to Face Rising Yields

Volatility Picks Up to Face Rising Yields

The last two weeks have been unrecognizable as typical trading sessions. Volatility measured by the CBOE Volatility Index (VIX) has picked up as yields on the bonds have also picked up to levels not seen since last summer. That has led the market’s trading sessions to have ever wider trading ranges compared to the typical […]

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Option Queen Letter

All is well with the world, reference its reflection by many of the global stock markets. Here in the USA, we enjoyed a continuing “buy the dips” rally, as inflation retreated and bonds gave back some of their recently acquired yields. The side effect was the aggressive retreat in the US Dollar index, effectively telling […]

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Golden Insight

For the past two weeks the Gold futures market has come under extreme pressure primarily due to a very strong U.S. Dollar and rapidly rising treasury instrument yields. The Gold market has fallen from $679.00 (June 4th) to $648.00 (June 8th) and unable to sustain any type of rallies. The strong U.S. Dollar and high […]

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BM&F Hits Record Volume

The Brazilian Mercantile & Futures Exchange registered, on Friday, June the 8th, a historic record in trading volume: 3.88 million contracts, with a financial volume of US$ 167.2 billion The interest rate futures market also reached a record volume on the same day, with 3.16 million traded contracts, surpassing the previous record of 2.582 million […]

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