Archive | January, 2010

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Traders Cover Short Bonds

Treasury trade has finally moved from lethargic to exciting. After weeks of consolidation, a break out was well overdue and the move didn’t disappoint…except for those on the wrong side of the move. The initial move upward was triggered by a humble beginning to the equities earnings season and concern over higher Chinese interest rates. […]

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Daly Gold Report

Today’s Gold Session Settled $22.00 Lower… ($1129.40) Today’s Gold trade could not maintain early gains as world economic data pressured the allure to the “precious metals”. China unexpectedly raised Reserve Interest Rates (50 Basis points) starting January 18th. This move by the central bank of China is in accordance to their commitment to slow down […]

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Option Queen Letter

What is the market going to do for the coming year? The belief that all is well and that we are out of the woods regarding the recession, could be true and then again they might just be a pipe dream. All we see is a jobless recovery bordered by restricted lending by banks and […]

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NFP Non-Event

Regular readers are probably tired of hearing this but as for oil we are anticipating a $4/5 correction form these levels. We decided to push some money into the middle with some of our aggressive clients and advised them to buy April $82.50/$75 put spreads. A 38.2% Fibonacci retracement takes prices back to $78.50 on […]

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Weekly Metals Report

As we approach the end of the first trading week of the year we have seen the Gold and Silver virtually shadow the U.S Dollar. Since for the most part the U.S Dollar and Metals markets have an inverse relationship the greenbacks inability to maintain any momentum has helped to fuel this recent Gold and […]

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Swing Trading Applied to Commodities

Definition/theory: Swing trading is typically defined as a trading practice whereby the underlying instrument is bought or sold at or near the end of an up or down price swing caused by daily or weekly price volatility. A swing trade position is typically open longer than a day, but shorter than trend-following trades or buy-and-hold […]

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Commodity Trading School Futures Market Summary

SUMMARY OF UPCOMING DATA 01/07/10 8:30 AM US WKY JOBLESS CLAIMS (450 K) 10:30 AM EIA NAT GAS INVENTORY 11:00 AM US 3, 10, 10 YR TIPS, 30 YEAR DEBT AUCTION ANNOUNCEMENTS DATA RESULTS 01/06/10 ADP EMPLOYMENT REPORT (EST -84 K) ISM NON MANUFACTURING INDEX (50.1/50.4) EIA INVENTORY REPORT (CL =1.3/-1.5 M, RBOB 3.7M/DISTIL -300K/1.9M) […]

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Gold Market Bulls Gain Fresh Upside Technical Momentum

February gold futures prices have rebounded from the December low as the new year gets under way. Recent price action on the daily bar chart has negated a steep downtrend line, while a fledgling uptrend line is now in place. The gold market bulls have gained fresh upside technical momentum recently, as the U.S. dollar […]

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A Glimpse into 2010

If the first day of trading in the commodity market is any tell of what is to come in 2010 than commodity bulls will remain in the drivers seat. With out reading too much into today’s movement the dollar got clipped and funds were buying. Crude oil rallied an additional $2 today which has prices […]

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