Archive | July, 2011

Enhanced by Zemanta

Not Losing $ vs. Making $

Based on the action in Treasuries, commodities and stocks today it may be more about not losing than making money. Crude oil gave up 1.50% today trading near a three week low. Prices appear to be rolling over and we see a trade below $94 into next week and a potential trade back near $90/barrel […]

Continue Reading 0
july28note11

Default unlikely, embarrassment likely

Despite articles on popular business news websites regarding new interest in Treasury Credit Default Swaps (traders buying insurance against Treasury default).; the markets have voted, and it appears there is little fear of default. Those buying CDO’s are venturing into illiquid markets to buy lottery tickets or insurance that will likely never pay off. Nonetheless, […]

Continue Reading 0

Reversal Coming

We’re setting up to capitalize on reversal of the recent trends, i.e. energies, metals and indices just to name a few. Crude oil as of this post will close down just over $2/barrel below the trend line that has held since the June lows. Exit all longs as we could see a retracement back near […]

Continue Reading 0

The Greenback Should Guide

As the US dollar trades to a three month low investors should key of its movement to aid in other trading decisions. Crude oil advanced to a five week high today as prices continue to trend higher holding the up sloping trend line now for the last two weeks. Clients remain bullish with a $102/ […]

Continue Reading 0
Enhanced by Zemanta

Waiting Game

Markets appear to be at a standstill until Washington comes out with some type of game plan with the debt ceiling. Inside day in Crude oil with prices unable to penetrate $100/barrel is a preliminary sign that prices are starting to get over stretched but we still maintain a $102/103 target at this time. We […]

Continue Reading 0

A Trendless Market

Markets remain choppy and sloppy as investors should be picking their points and trading from both sides of the market in most commodities. For the last five sessions Crude oil futures have made higher highs and higher lows. We expect price to push through $100/barrel next week and make their way to higher ground. $103.30 […]

Continue Reading 0

Beware of Excessive Leverage

The exchanges have raised margins on a number of commodities but DO NOT fully leverage trading accounts as with the large whippy moves traders can lose big on just a few bad decisions. Crude hit a five week high today trading over $100/barrel for the first time in July for the September contract. It sounds […]

Continue Reading 0

Corrections Abound

It appears metals started to correct today…what will be next? August Crude is off the board and September is now the front month. We should get our first settlement above the 40 day MA in one week…we suggest bullish exposure thinking we could see a $4/5 appreciation from current levels. Doji star in natural gas […]

Continue Reading 0
august11_comex_gold

Gold Hits Record High; No Signs of Market Top Close at Hand

August Comex gold futures on Monday hit another new all-time record high of $1,604.50 an ounce, as of this writing. Since scoring a fresh six-week low of $1,478.30 on July 1, gold futures prices have rallied by more than $120.00 an ounce. The main bullish fundamental inputs for safe-haven gold have been the ongoing European […]

Continue Reading 0
july14bond11

One more rally in bonds before rolling, or are the highs in?

It was a relatively exciting day on the economic front, and action in Washington D.C. wasn’t far behind. Early this morning traders were fed several pieces of economic data; including PPI, initial claims, retail sales and business inventories. Later in the day, it was Chairman Bernanke’s semi-annual Senate Banking Committee testimony, and then a 30-year […]

Continue Reading 0