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commodity index daily

Raw Commodity Sector Still Stuck in a Major Rut

The daily bar chart for the Goldman Sachs Commodity Index (GSCI) shows the near-term technical posture for the gauge of the raw commodity sector remains bearish. It’s my bias that this major bust cycle in raw commodities is closer to ending–probably sometime in the first half of 2016. However, if the GSCI drops to a […]

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$50 Federal Reserve Bank Note (1929) depicting Ulysses S. Grant - Futures

Ierospace Futures

Amongst these days of profligate government spending, to characterize Sir Winston Churchill, never has so much been spent by so few, to do so little. The United States, holder of the present global reserve currency, the U.S. Dollar, is the greatest debtor in the history of the world, and has exceeded both its expense cap, […]

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The Trillions of dollars question…Will the equity rebound have any follow through?

Global Economic Calendar June 25th-26th  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 […]

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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 […]

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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 […]

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Richard Roscelli Great Pacific Trading Company-Futures Market Outlook-June 14th, 2013

  GREAT PACIFIC TRADING LAS VEGAS -ECONOMIC CALENDAR &       MARKET OUTLOOK- June 13th-14th, 2013 You can reach me at rroscelli@gptc.com for questions, comments, and information about opening an account with Great Pacific Trading Las Vegas. Follow me on Twitter @richardroscelli **The information and opinions contained herein comes from sources believed to be reliable, but are […]

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Option Queen Report

The Option Queen Letter by the Option Royals We are entering the last week of the first quarter of the 2013 year and the last week of the month. These quarterly reports lead portfolio managers on a quest to tweak their portfolios to represent their public performance better. These adjustments to portfolios are seen monthly […]

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Copper candidate for correction south

Energy: Crude oil will start the week down 1% closing just above its 100 day MA. $93 should serve as resistance and on the downside my target remains a trade under $90 on the November contract. RBOB lost 1.14% unable to trade above the 8 day MA the last two sessions. Further downside is expected […]

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Jackson Hole holding pattern

Energy: The slope is not dramatic but it does look like prices are starting to trade lower in Crude oil, with October now just better than $3 off recent highs. As I’ve said repeatedly if prices can breach $94 we should see prices under $90 and on that I would start lightening up on bearish […]

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Shortened Trading

Energy: Crude was higher by nearly 5% today closing at a 5 week high as prices are fast approaching $90/barrel. I’ve asserted that an interim bottom is in for the summer and traders should be buying dips moving forward. My upside targets in August are $90 followed by $94. RBOB has advanced greater than 20 […]

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