Archive | derivatives

Crude oil futures, August 2, 2013

Bullish engulfing candle in 10-yr notes

Energy: Today’s chart of the day was on Crude oil…give it a read. If we see follow through into next week it will confirm for the second time that $108 is stiff resistance. I am operating under the influence that is how we play out and this could drag futures under $100/barrel. As of this […]

Continue Reading 0
US 30 Year Treasuries (T-Bond), July 27, 2013

Whippy action in the Treasuries complex

Energy: Crude oil will close under its 18 day MA but on its highs we failed at the 8 day MA. I remain bearish but did have some clients lighten up as not to be short large size over the weekend. I still think a trade under $100/barrel is in the near future. On higher […]

Continue Reading 0
US Dollar Index Daily chart, July 14, 2013 for the Option Queen Letter

Option Queen Letter

The US Dollar Index has been out of control, spending its weekly pay check at Bloomingdales, the jewelers and auctions in a fit of absolute manic elation, and on the other hand, and locking itself in a dark room full of despair, confined to an unproductive self-loathing stupor. You guessed it; the US Dollar Index […]

Continue Reading 0

Will FOMC bring TAPERING Concerns back for Sequel?

  DATA HIGHPOINTS FOR THE WEEK: — Australia Employment Data.. Bank of Japan rate meeting & announcement..US Treasury Auctions (3, 10, 30 years)..Japan Machinery Orders… US Federal Reserve Meeting Minutes release.. Eurozone, US PPI Data..USDA crop production data. JP Morgan Chase, Wells Fargo earnings release on Friday before Market Open.   Data in italics-high potential […]

Continue Reading 0

Oil Spikes in aftermarket on surprise supply draw down

* DATA HIGHPOINTS FOR THE WEEK: — Japan Tankan Report…US ISM Manufacturing Data… US, Eurozone PMI Data… Reserve Bank Australia, ECB, Bank of England monetary policy meetings, rate announcements… US, Eurozone Employment Data US MARKET HOLIDAY SCHEDULE -EARLY CLOSES WEDNESDAY JULY 3RD…US MARKETS CLOSED THURSDAY JULY 4TH Data in italics-high potential to influence markets *Tuesday-4:30 […]

Continue Reading 0

Equities rebound from lows on calming dose of…reality? Bonds fall, Oil rallies.

Global Economic Calendar June 24th-25th  2013 *Actual data releases for today Data release times are in GMT or specified US EST (Eastern Standard Time) Figures posted are estimates unless specified otherwise Data in italics-high potential to influence markets   Click here to see video for weekly Economic Calendar (Use Windows Media Player for best viewing […]

Continue Reading 0

The Option Queen Letter

The Option Queen Letter by the Option Royals It really gets scary when you try to sell and ETF and discover that you can’t. It is almost as scary as breaking the buck on the money market funds. This past week, there were two instances where redemptions were halted on ETFs, State Street halted redemptions […]

Continue Reading 0