Archive | November, 2008

March Wheat Futures

March Soft Red Winter Wheat Futures

March soft red winter wheat futures at the Chicago Board of Trade are presently trading in the middle of a four-week-old sideways trading range on the daily bar chart. That trading range is bound by solid technical support at last week’s low of $5.15 1/4 and the November high of $6.08. The direction in which […]

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Growling Bears

Thankfully, people, gurus and financial journalists have stopped talking about finding a bottom in the market. This is the first sign of a possible bear market rally in our future. We do expect to see further gloomy news from the retailers regarding Christmas sales, and further gloomy news on the housing front. Good news is […]

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Gold Spikes

With Citibank becoming the latest victim for an economic Bail-out the Gold market soared above the $800.00 dollar level. This is a perfect scenario of what is to come. With Government agencies trying to support the U.S Dollar and investors selling the Stock market the Gold has had trouble holding gains. However, with all the […]

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Gold Futures

Gold Trapped in Choppy Trading Range

December gold futures have been trading in a choppy and sideways trading range at lower price levels for the past month. This trading range is defined by solid technical resistance at the $780.00 area and by strong technical support at the October low of $681.00. The direction in which gold prices break out of this […]

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Options Expiration Week

Don’t blink, don’t sneeze, certainly don’t yawn or, you will miss the next turn of the market. The behavior of this market has been nothing short of incredible as it swings between complete elation, for a short while, and then moves total despair, all within a two hour time-frame. We are up one minute, down […]

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The Golden Dilemma

We certainly are trading in interesting times.Despite continued economic woes and increased unemployment the U.S. is continued to be supported. Much of the U.S Dollar strength is due to the avalanche – like sell-off in the Energy sector. Reports out of South Africa report Gold production was down 18% based on third quarter numbers.(Supply & […]

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Option Queen Letter

The Christmas selling season is in full swing with sales and discounts appearing everywhere.   The Grinch is in charge this year so unless you are a child–expect to collect some coal in your Christmas stocking.  The good news is that perhaps you can burn that coal. (more…)

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Corn Futures

Corn Bears Have Fresh Power; Eye Oct. Low

December corn futures at the Chicago Board of Trade on Thursday slumped to a fresh two-week low of $3.78 as of this writing. Prices have backed well down from this week’s high of $4.22 and the bears have regained downside near-term technical momentum. December corn futures remain in a 4.5-month-old downtrend on the daily bar […]

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Informed Trades Review

Informed Trades Review

“A community for Traders serious about learning” is the title of Informed Trades and it really lives up to its name. Here’s a young website with a fresh new approach, as it’s built around Forum software to enable maximum collaboration which it delivers. The site is absolutely packed with valuable information right from basic “How […]

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Inside Forex Market

Last week we continue to see the Dollar putting in at least a temporary top. We expect that top to hold for the near term and are therefore selling into any rallies that attempt to retest recent highs. We have the ECB meeting this week but a cut is already priced in and likely to […]

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