June 28, 2010 By: Matthew Bradbard MB Wealth Corp. is not responsible and does not endorse anything outside of the content of this article authored by Matthew Bradbard; President of MB Wealth. While the media circus is focusing on Portugal, Italy, Ireland, Greece and Spain, commodity traders should be more concerned about Petroleum, Indices, Interest [...]
There is a full docket of events across the globe from three central bank meetings (RBNZ, ECB and BOE) to an employment report from down under and a USDA report so do not try to be a hero as fireworks could fly. Crude and the distillates got some help from outside markets and a friendly [...]
A number of markets are at a crossroad and the decision made in the next few sessions should determine the direction of the next leg. These markets include the S&P, metals, energies, and the dollar. Crude penetrated the 20 day MA but failed to close above that level; in July at $74.60. We would expect [...]
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 [...]
Another FOMC meeting has passed with no change in rates or verbiage. The lack of inflation comments are comical as gold will most likely flirt with $1200/ounce and oil is approaching $90/barrel. As a trader one cannot fight the Fed but they are just kicking the can down the road in my opinion by keeping [...]
Does any one really believe Goldman Sachs does not move the markets? Oil is approaching the same level it bounced from twice in the last week, will this hold true again? The action is too dicey for us to issue trade recommendations as we are seeing $2-3 swings on a daily basis. We like having [...]
Some of our more contrarian plays look to be turning in our clients favor. Oil is higher for the fourth consecutive day as prices inch closer to $90/barrel. A higher high and higher low today for natural gas giving back most of its gains from yesterday’s session. We see support at the 9 day MA [...]
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 [...]
You cannot have your cake and eat it too! Either circumstances in the economy are getting better and we need to start looking for an exit door or we are still in for a sh-t storm and then no action is necessary! If the Fed sees the economy improving than why leave IR at an [...]
Translation - The trend is your friend. When putting on a large position try to go the way of the trend. That is not to say playing setbacks and reversals cannot be profitable many of my best trades were exactly that but position traders generally do not establish bearish plays in a bull or market or [...]
