After 8 days of rest and relaxation we are back at it trying to figure out the best risk/reward scenarios in the commodities market. It is vital in our opinion to evaluate both before establishing positions as many commodity traders just look at the reward side of the equation. After approaching $86 in early dealings […]
Tag Archives | MB Wealth
Goldman Who?
Goldman Sachs is already a household name but the action and regulation from the Fraud accusations today will effect main street and wall street so investors need to be on point. Crude was down by nearly 3% today but the same trend line that held two weeks ago is still in place. As we said […]
Is the Dollar Done?
I am not implying for good but quietly the dollar has lost ground for the last 6 sessions trading to its lowest level in one month today. The losing streak in Crude was broke today with conviction as a draw of 2.2 Million in today’s inventory report has prices in the futures $2 higher trading […]
Bailouts for Everyone
Does moral hazard even exist anymore? The list goes on auto-companies, banks, insurance companies and now countries. Crude closed lower today for the fourth consecutive day and below the 9 day MA for the first time in 10 sessions. We are operating under the assumption that prices will make an attempt at the 20 day […]
Marathon vs. Sprint
Remember trading is a marathon not a sprint. It is about how much money we can make long term not every trade. Crude finished lower for the third consecutive day today trading below but closing above the 9 day MA. As we voiced yesterday on a penetration of that level expect the next stop to […]
Head Fake or Reversal?
Whether it is natural gas, corn or the S&P is the last few days’ activity a head fake or reversal? Crude recovered after losses early in the day to end virtually unchanged. We still would suggest a buy dips mentality though you can be patient being a penetration of $84 should lead to a trade […]
Has the Black Cloud Lifted?
We’ve had a challenging time trading of late as all seasoned traders sometimes go thru a dry spell. Natural gas may be the first market to turn in our favor, will corn or the S&P be next? Fresh 2010 highs in Crude oil as prices have gained over $6 in the last 5 sessions. Taking […]
Defining Moment
The course some major markets chose in the next few sessions could determine where we go the next few months. The path of least resistance now with Crude oil above $82 appears to be up; we would not be surprised to see a challenge of $85 in the days to come. What was the ceiling […]
The Curtain on Q1
Yes folks believe it or not Q1 is over this week. Crude is convincingly higher closing above the 9 and 20 day MA for the first time in 8 days. We are abandoning all short strategies as we said we would on a close above $82 in May. That is not to say we are […]
2010 Growing Season: Stay or Delay?
The highly anticipated annual planting intentions report is about to be released, and with it, pivotal information regarding some of the hottest commodities traded on the market today. How are the markets going to move as a result of the farmers’ crop trends? How is the current, and more importantly, future U.S. meteorological patterns going […]