Days like today in the market separate the men vs. the boys. Any day markets move 5% in just minutes there is an opportunity to make a lot or lose a lot of money almost instantly. Some panic, others capitalize, others watch in awe. We were not in the right place with clients everywhere but [...]
Base and precious metals no longer appear to be correlated, Treasuries inverse relationship to indices no longer exist, dollar up equals commodities down right…wrong. When things do not make sense take your position size down. Mixed results in Crude today with the front month lower and back months gaining. Take for instance just the first 2 [...]
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 [...]
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 [...]
Downward momentum is gaining as Crude has lost 2.9% in the last 2 sessions. We are expecting this move to drag prices in May to $76/77. As we voiced in our commentary this morning exit ALL longs in distillates until this correction runs its course which should pressure heating oil and RBOB 15-20 cents. Natural gas [...]
Markets seem to waiting for some type of catalyst to determine the direction of the next leg. Inside day in Crude oil as prices hover around $82/barrel. For new entries we still like the idea of $5 put spreads but we would start looking at the June as opposed to May contract. If currently in [...]
” There is volatility to trade but not to invest.” CNBC 3:10 PM Est. Take what the market will give you, you must be nimble to trade todays market. Pisani suuggested commodities and I could not agree more, perpare for reflation. Oil near $4 trading range tread lightly. Daily natural gas charts are extremely oversold but is [...]
