Archive | November, 2011

Kicking the Can

Kicking the can…is that another way to refer to death…well in the case of Europe and the US kicking the can down the road is similar to dying a slow death. Crude oil will close back over $100/barrel but well off its highs and considering outside markets I’m content remaining short. I am still expecting […]

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Muted Action

Quiet trade today as it appears most markets are waiting for a signal on what’s next. I would remain cautious and with a large cash position looking to pounce when select opportunities present themselves. In other words be selective as you deploy your investment capital. As of this post Crude is higher by 1.6% trading […]

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Greenback Correction Coming

What will a dollar retracement mean to the commodities market? Crude will close higher but roughly $4 from its highs. Being we did not see more upside today considering outside markets we would continue to fade rallies looking for lower ground. On a breach of $95/barrel we would be adding to open shorts expecting to […]

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Hello Turkey

A great saying I read on one of the blogs I read…eat turkey and do not be one. It was referring to doing homework when trading…having a plan and executing it. I for one am looking forward to some turkey and family time …until next week! Crude oil worked lower again today as it appears […]

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Sloppy Action

Light volume and a holiday week so do not read to much into the action this week. As we’ve stated for the last few weeks we’re expecting more downside in the immediate future and welcome rallies as selling opportunities in most products we trade with clients. We remain bearish Crude oil with the same advice […]

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Further Downside

Most commodities and stocks have traded lower in recent sessions and we feel there is more to come…trade accordingly. From here we see support at the 18 day MA at $96.20 with resistance at the 9 day MA at $98.50 in January. We are advising selling rallies with a first target of $92 followed $89. […]

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Is the System Flawed?

The longer this despicable situation goes unresolved with MF Global the larger effect we see on the commodities market and overall financial system. We hope to see a resolution in the coming weeks. Crude is roughly $5 off its highs and we are operating under the influence that an interim high was reached this week. […]

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Corrections Underway

Stocks and commodities got hit today and there should be more to follow. Stocks, energies , Ag even metals were not spared as Risk OFF was the theme today. Crude failed to make it to higher ground as prices were rejected and the reversal that we’ve been expecting may finally be under way. Aggressive clients […]

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Pressure on the Horizon

Stocks and commodities should come under pressure as we see lower trade across the board. The only aberration is oil which I remain puzzled on. Crude traded to a six month high closing above $101/barrel. I cannot find any justification for prices to remain at these elevated levels…that being said until we see signs of […]

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A Rising tide lifts all Boats

It appears the lack of fresh bearish news is viewed as a positive as most markets finish in the green today. Crude has yet to take out the $100 level though prices are within spitting distance. We have advised clients to take off any remaining long in heating oil and Crude thinking we are drawing […]

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