Hogs have seen a very steep decline in the past few weeks, but we are now approaching a strong support level and expect to see this market turn back up in the near term. Many indicators like stochastics and RSI are about to issue buy signals and our proprietary model is showing a high probability […]
This is a trade on tomorrow’s FOMC meeting. The overall market expects the Fed. to cut rates by .25 basis points tomorrow at 2:15 EST. Stocks and bonds have already priced this in. The key will be the guidance they give on future rate decisions. Frankly we expect that they will be forced to make […]
This past week we thought we would see upside follow through on the Dollar. The Dollar did start the week pushing higher but then turned and hit new lows. Our trailing stops took us out at breakeven so it was no harm no foul. This week we have a deluge of data. We have the […]
Most gurus and financial experts expect to see another rate cut this coming Wednesday, when the FOMC releases its interest rate decision and statement. While 25 basis points seem to be baked into the market cake already, the possibility of a 50 basis point cut is certainly within the realm of possibilities. That, along with […]
December corn futures saw a rally during the first half of October that pushed prices well up from what is now strong technical support at the early-October low of $3.35 a bushel. However, prices have backed off just recently and are now right in the middle of a well-defined trading range between $3.35 and strong […]
CME Group and the Brazilian Mercantile & Futures Exchange Agree to Cross-Equity Stakes and Exclusive Order Routing Deal Long-term partnership may be expanded to joint product development, off-shore collateral management services and clearing access arrangements. (more…)
As a blogger, I read a lot of blogs. One of the better blogs I read is www.crossingwallstreet.com, written by Eddie Elfenbein. He is a self proclaimed lover of the stock market because it is one of the greatest inventions of all time. In either case, every other week or so he posts a “stat […]
December gold futures last Friday hit a fresh 17-month high of $776.90 an ounce. Trading has recently become a bit more volatile at higher price levels, but the steep uptrend line on the daily bar chart remains intact and the bulls still have the solid near-term technical advantage. The gold market bears would gain a […]
Cotton prices added another 25 points on the up side Friday, with December closing near its high at 6540. While this closing strength gives rise to a short term low now being in place I do not trust the long side. Why, because of the drop in the Dow. (more…)
Hedge Funds Return +3.27% in September 2007 and +9.40% Year-to-Date Early estimates show the HFN Hedge Fund Aggregate Average, an equal weighted average of all single manager hedge funds and CTA/managed futures products in the HedgeFund.net database, was +3.27% in September 2007. The increase was the largest in over four years, and the second largest […]
