Archive | June, 2007

US T-Bond Futures

Potential Selling Exhaustion Tail in T-Bonds

September U.S. Treasury Bond futures prices late last week took a nosedive and on Friday hit a fresh 11-month low. However, prices on Friday did rebound well off the session low to close near the session high. Friday’s price action could have produced a classic selling “exhaustion tail” on the daily bar chart, whereby prices […]

Continue Reading 0
Coffee Futures

Coffee Bulls Working on an Uptrend

July coffee futures at the New York Board of Trade this week hit a fresh three-month high of 118.40 cents. Prices have since moved into a “pause” mode, and this is not a bearish signal. Remember that markets tend to fluctuate between periods of higher volatility and periods of lower volatility. Coffee bulls have gained […]

Continue Reading 0

Good as Gold

The recent trade in the Gold market has been very technical and cautious. It has been trading between resistance and support levels for most of the last two weeks. The volume has been down and as a former floor trader I understand markets go through cycles. Trading volume shifts from one market to the next […]

Continue Reading 0

Jurgens Bauer’s Coffee Comments

As much as I am impressed by this market, I cannot help but wonder why London’s strength in Robusta didn’t contribute to a retest of the 118 level in NY’s July Arabica. Obviously they are two separate markets and two different commodities, but the two should be more than just cousins. When one leads the […]

Continue Reading 0

Market Commentary

After a dramatic pullback off of new highs, the S&P 500 is now consolidating the gains made over the past few weeks. We continue to see signs of a pull back. We are not expecting an end of this rally just a normal correction within a larger bull market. We see a pullback of roughly […]

Continue Reading 0

Patience is Golden

The Gold market has been extremely CHOPPY and thin lately. It appears the Gold community is very tentative and un-willing to trust the Geo-political and economic climate at the present time. It certainly is understandable considering the strength and record levels of the Stock Market. I believe the Gold is trading in a direct relationship […]

Continue Reading 0