Archive | February, 2011

Draw the Curtain on February

With two months gone in 2011 how is your portfolio doing? Based on the fact that Crude prices cannot maintain $100 unless the plot thickens in the Middle East we would expect a good portion of the $10 fear premium to be stripped out of oil in the coming weeks. We’re not suggesting shorts but […]

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Ceiling in Treasury futures could get punctured!

As mentioned in a previous newsletter stocks and bonds can travel higher together as asset prices of all types are being inflated by the Treasuries cash injections. In today’s session, that was exactly what occurred…although the buying in each market is being attributed to different factors and were at differing paces. The buying pressure across […]

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Sleep Deprivation

I’m not sure it is lifestyle choices or the wild swings in the market but I chose to lighten up on numerous positions today because I have not been sleeping well the last few night. The sentiment is clearly bullish but fasten your seat belts and be prepared for volatility if trading in the Oil […]

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Bearish Key Reversal Down in May Corn

May corn futures at the Chicago Board of Trade in overnight trading hours Tuesday scored a fresh contract and 2.5-year high of $7.44 1/4 a bushel. Prices then abruptly reversed course and in midday trading were locked down the 30-cent daily permissible trading limit. Tuesday’s price action has produced a big and technically bearish “key […]

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Brazilian Macroeconomic Market Indicators

IPCA-15: Brazil’s IPCA-15 Consumer Price Index of February will be released on the 22nd. We expect consumer inflation to rise 0.95% (MoM), compared to 0.76% in the previous month. Though we expect Food inflation to continue to decelerate in February, Education prices are expected to jump reflecting seasonality as school tuitions usually suffer adjustments at […]

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Gains and Pains

Depending on your positioning traders experienced gains and pains this week with wild swings in both directions. The 100 day MA held on the week in Crude oil and if we can overcome the 50 day next week we should see fresh contract highs. Our favored trades are scaling into futures a few months out […]

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Weekly Gold Report

Gold Finishes the week at $1388.60 and Silver makes new 30 Year High’s of $32.87 Another volatile week in the precious metals as the middle-east crisis expands and China raises rates again. This week’s economic and geo-political news has certainly sent both traders and investors toward the precious metals as a ‘safer haven” investment.The Chinese […]

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Egg on my Face

Taking profits too early and trying to pick tops sometimes makes me feel like egg is on my face. We would not suggest piling into longs but today’s action in Crude is why we’ve been recommending scaling into longs on the way down. We think there could be more downside but the charts are starting […]

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Will you be my Valentine?

An early rally failed in Crude today taking prices lower. We advised clients to roll out of May and go out until July. We recommended liquidating bullish positions in options and futures and give yourself two more months of time. Our recommended play is purchasing July $5 bull call spreads. Aggressive clients started to buy […]

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