Tag Archives | Fibonacci retracement

S&P 500 Futures Overview - Option Queen Letter

Option Queen Letter

We are fortunate to live in a free country where we are allowed to express our feelings. No matter what people say there is a freedom here for both men and women which all enjoy whether they are visitors to our shores or residents. To learn how precious this freedom is, travel to another country […]

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S&P 500 Futures - Dec 15 - Option Queen Letter

Option Queen Letter

Here in the northeast, the weather has been fantastic. We have been enjoying our Indian summer and, as the major indices continue to rally in the fourth-quarter, so too have the markets. We did; however, see a minor retreat on the very positive “Jobs Report” in the Friday session. The reports highlights the expansion of […]

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S&P 500 Futures Overview - Option Queen

Option Queen Letter

Here we go off into Christmas help hiring season in anticipation of consumers rushing into brick and mortar store to purchase their holiday gifts….News Flash!!!! Many consumers will likely make purchases on-line, trying to find the best bargains without dealing with sales people, crowds or parking problems. That said, we expect to see lighter traffic […]

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US SPX 500 Futures

Option Queen Letter

There are two labor problems on the west coast, the Canadian Pacific Railway Engineer and the Dock Workers in California. At the this time in California, cargo vessels are anchored off shore, at last count 14 container ships sit in the harbor waiting to unload their cargo. The waiting time in the harbor is up […]

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US SPX 500 Futures (15 Minutes) for the Option Queen Letter

Option Queen Letter

We need to reflect this week on all that was learned during 2013. What did we learn? We learned that government printing presses do eventually affect the upward trajectory of the stock markets, that sell or buy the news works (decisions once made will have an upward bias because it is now a measurable event….known) […]

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Cotton - Markets Do Not Move in a Straight Line

Cotton – Markets Do Not Move in a Straight Line

For the last ten consecutive sessions cotton prices have been in the red shedding 7% within that time frame. Futures are within spitting distance of posting fresh 13′ lows closing under 80 cents/lb the last two days. A 100% Fibonacci retracement puts futures in March near 75 cents though I believe the red horizontal line […]

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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 […]

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Gold futures chart

Gold – A Final Push or Just the Beginning?

Since bottoming on 6/28 at $1179.40 August gold futures have advanced 12.5% approximately $150/ounce. As of this post a decisive move through $1300 higher by 2.88% today. One can see on the chart below the horizontal line just below $1300 that had served as resistance now shall serve as support. In three short weeks future […]

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