The Greenback is looking increasingly weak. I tell you this not as a recommendation to get short the dollar, but as a cue to look for bullish exposure in inversely correlated markets. Looking at a weekly chart, 84.00 is clearly the line in the sand. This level once acted as support (in 2010), and has […]
Having been a proponent of bullish grain plays for several weeks now, I’m happy to see new crop wheat and corn on the verge of breaking above significant down trend lines. These have acted as resistance for two quarters, so a break above should produce a meaningful move higher. Wheat prices appear to be forming […]
The airs is full of talk of sequestration and the resulting furloughs of air traffic controllers. Naturally this mess was quickly cleaned up when our elected officials needed to avail themselves of the flights. Now there is more to this than meets the eye, of course. How much of the delay was due to sequestration […]
The Yen’s 8-month clobbering is no secret. It’s down over 20%! But what’s interesting now, in my eyes, is how the Yen seems unable to trade below parity with the dollar. Recent data out of Japan shows inflation expectations are on the rise, so why not see a bounce in Japan’s currency after such a […]
We all know the Fed has short-term rates pinned to the floor. So I’m not saying we’ll see rates surge higher anytime soon. And I don’t expect the FOMC will raise rates at its meeting next week. But even a minor adjustment higher in rates should make prices retreat enough for a trade. I think […]
Crude oil had been a one-sided trade since the start of April until the last few days, falling $12/barrel high to low. Bolstered by sellers who have called the commodity bull market dead, oil got dragged lower and struggled to find its footing until recently. But wait… fast-forward to this week… not only has crude […]
New crop corn is slow to get in the ground this year. That could mean higher prices, in my eyes. US corn planting is only at 4% according to this week’s crop progress report. This came in at the low end of expectations of 4-6%. It gets worse – the average planting progress from this […]
Natural gas has been one of the best performing commodities in recent months for the bulls with prices appreciating by 33% off their lows in mid-February bouncing from $3.30 and making its way last week north of $4.40. This lifts prices to their highest level since July of 2011. Coincidence or not in 2011 from […]
Is the rally in the US equity market over? We think not. There are few reasons why we remain more positive than negative on the US equity markets. One of the reasons is, where else can money go to earn a decent return without the worry of a currency blow up or country freeze on […]
Coffee price are now off their May 2011 highs by 55% and just 26% above the lowest price we’ve seen in the past five years. Futures are trading just a dime or so above a key pivot point, at $125.00 (lower red line). Here’s how to add coffee to your portfolio. After consolidating in a […]
