Oil a loser by another 2.50% …we started buying for clients today. We suggest buying 1/3 of the ultimate position you want to own. We were buyers when May was trading just over $76 so they are down heading into the weekend. We advised buying May $78/85 call spreads today for just over $2300/per. Many [...]
The stock, commodity, treasury & dollar counter trend moves we spoke about in this weeks commentray are in play. If the S&P closes below the 20 day moving average at 880 we expect a route next week. From energies to agriculture we expect across the board for commodoties prices to come off. We will use [...]
The recent move north in various commodities and equities seems to be too far too fast. That being said we have advised clients to monitor equity positions closely. I would expect a move south in indicies before we see more upside. If our assement is correct look for the Dow to make its way to7800 [...]
The title of our weekly commentary says it all “A shortened trading week may deliver short opportuntities.” Agriculture commodities down 3-6% today, energies hit 5-9%, all currencies lower with the exception being the US dollar, softs lower, livestock down the trading limits before bouncing slightly….you get the point. We will be advising clients to use [...]
Forwarded by a trader at FC Stone 1. Excesses in one direction will lead to an opposite excess in the other direction. They always do. Until everyone fears the worst, and capitulates, markets will exceed expectations. Then, in the correction, will exceed expectations again. 2. Markets tend to return to the mean over time. This [...]
