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 […]
Archive | derivatives
Whippy action in the Treasuries complex
Energy: Crude oil will close under its 18 day MA but on its highs we failed at the 8 day MA. I remain bearish but did have some clients lighten up as not to be short large size over the weekend. I still think a trade under $100/barrel is in the near future. On higher […]
Dollar Dash: Will Bernake Bring Too Much Information to the Forex Table?
The forex market has been rocked this month. The cause? The U.S. dollar fell aggressively against major currencies. The markets aren’t expected to give the U.S. a “pass” on this either. As economic data pours in from the world’s central banks, and from the U.S.’s own Federal Reserve, expect the market to remain volatile. The […]
Option Queen Letter
The US Dollar Index has been out of control, spending its weekly pay check at Bloomingdales, the jewelers and auctions in a fit of absolute manic elation, and on the other hand, and locking itself in a dark room full of despair, confined to an unproductive self-loathing stupor. You guessed it; the US Dollar Index […]
Establishing downside hedges to get my groove back in the indices
Energy: Inside day in Crude oil closing out the week higher by 2.64%. We seem to be finding sellers between $106.50-107.00. Assuming this week an interim high was established a 50% Fibonacci retracement drags futures under $100/barrel. This week I had several energy trading ideas including today’s chart of the day. The general message was […]
Will FOMC bring TAPERING Concerns back for Sequel?
DATA HIGHPOINTS FOR THE WEEK: — Australia Employment Data.. Bank of Japan rate meeting & announcement..US Treasury Auctions (3, 10, 30 years)..Japan Machinery Orders… US Federal Reserve Meeting Minutes release.. Eurozone, US PPI Data..USDA crop production data. JP Morgan Chase, Wells Fargo earnings release on Friday before Market Open. Data in italics-high potential […]
Oil Spikes in aftermarket on surprise supply draw down
* DATA HIGHPOINTS FOR THE WEEK: — Japan Tankan Report…US ISM Manufacturing Data… US, Eurozone PMI Data… Reserve Bank Australia, ECB, Bank of England monetary policy meetings, rate announcements… US, Eurozone Employment Data US MARKET HOLIDAY SCHEDULE -EARLY CLOSES WEDNESDAY JULY 3RD…US MARKETS CLOSED THURSDAY JULY 4TH Data in italics-high potential to influence markets *Tuesday-4:30 […]
The Option Queen Letter
Happy Birthday America! We certainly have come a long way in our 237 years as a nation but have back peddled quite a bit in recent years. This country, a melting pot of immigrants, was founded as a place where freedoms would be preserved. Our history shows that for most of our existence we remained […]
Equities rebound from lows on calming dose of…reality? Bonds fall, Oil rallies.
Global Economic Calendar June 24th-25th 2013 *Actual data releases for today Data release times are in GMT or specified US EST (Eastern Standard Time) Figures posted are estimates unless specified otherwise Data in italics-high potential to influence markets Click here to see video for weekly Economic Calendar (Use Windows Media Player for best viewing […]
The Option Queen Letter
The Option Queen Letter by the Option Royals It really gets scary when you try to sell and ETF and discover that you can’t. It is almost as scary as breaking the buck on the money market funds. This past week, there were two instances where redemptions were halted on ETFs, State Street halted redemptions […]