Author: aaron
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Option Queen Letter
The business press attributed the nervousness seen in market prices this past week to the various global conflicts grabbing the headlines. The media always has to have an actual reason for market retreats when in actuality, the markets took a breather and gave back all of the previous week’s gains. Markets go up and they…
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Option Queen Letter
The headline front cover of Barron’s this week is: “The New Face of Wall Street.” This is a bit scary in that when Wall Street makes radical changes they appear at times when a trend is ending. Mortgage bundling was a New Face, that didn’t turn out well for the public and the country. Just…
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Option Queen Letter
Has anybody noticed that today we can not only go to a pawn shop to hock stuff for quick cash but there is a web-site called Borro.com. Just turn on the television and watch their ads. They accept luxury handbags, wines, antiques, cars, watches, jewelry and precious metals for a quickie loan. Oh, they don’t…
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A Break Lower in Ags
Four out of the last five days corn futures have lost ground giving up nearly 40 cents after failing at their highs near $5.20/bushel in the July contract. Today the 50 day MA (blue line) was breached for the first time since late January. Future settled just below their 38.2% Fibonacci level . Though the…
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For the Ladies – Gold and Cotton
The women I know love clothes and gold and I think both at least at the wholesale level will be going on sale in the very near future. Cotton prices have been dancing the up-sloping trend line for the past 6 months as seen on the chart below. Current prices have July futures higher by…
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Option Queen Letter
The recent data release from the bureau of Labor statistics (BLS) on Friday shows that there was no wage growth in the April reporting month. The actual facts are that there has been no upward movement in wages for years, when considering inflation yada yada. Will a minimum wage hike help; we seriously doubt that…
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Natural gas – Will Prices Follow the rest of the Complex Lower?
Its official Crude oil and the products have moved lower putting in an interim top in the last two weeks…will natural gas follow suite? As I said in my piece yesterday Crude broke the up-sloping trend line that has been in place all of 2014 and lower trade looks likely. Futures found mild support at…
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Crude Oil Breaks it’s Trend Line
In the last two weeks June Crude oil futures have come down nearly $5/barrel and are presently trading below the $100 psychological level for the first time since 4/8. As of this post the trend line that has been in place for several months is being breached and prices are trading under their 50 day…
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Option Queen Letter
The low for the S&P June future’s contract on April 14, 2014 was1803.50 and the high, seen on April 24, 2014 was 1882.50. That trading range will remain for the coming weeks unless either the upper or the lower levels are broken decisively. This week we will have a two-day FOMC meeting with no scheduled…
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As Temperatures Rise Where Will Heating oil prices go?
See chart 1 below for June heating oil futures over the last 12 months. I drew a a support and resistance line in white and one can see that for the most part futures have been in a 15-18 cent trading range. On a 42,000 gallon contract this represents a trading range of $6,300 to…