Very suitable fireworks in the markets as we celebrate our Independence. Be safe we will be back Tuesday…enjoy your long weekend. We feel oil could have another 3-4% downside at the most before we get a bounce higher. As we voiced in recent posts we expect the $70 level to act as solid support in [...]
Monday or Tuesday expect regulators to change the rules to the game. This should cause more volatility in my opinion as opposed to less but time will tell. Crude and the distillates fell hard today as expected and prices hit our $72 price objective. Though it may be a few days premature clients were advised [...]
After a monster month commodities held their ground with a number of commodities making new highs. Crude oil up every day this week, fast approaching $70. A correction in oil and RBOB is over due but will it happen? Traders not willing to trade futures or sell options we advised to buy August $4.50/5.50 call [...]
Yesterday’s lunch $17 at Wendys, today’s breakfast $13 at dunkin donuts,$47 in gas for my SUVand not even a full tank. Energies higher across the board, the leader of the pack natural gas up 8.5% today. Read previous blogs, we’ve been advising clients long positions. Try shorting the Pound againwith a stop above yesterdays high [...]
Natural gas down another 4% today as the slippery slope south continues. LTD in May is next Tuesday for those brave or dumb enough trying to pick a bottom with me new entries should be in June. US dollar down 70 points, we suggested a short in yesterday’s blog. We still like the Loonie and [...]
Expect the BOJ to hold rates at 0.10% and the RBA is more of a wilcard..cut of 25 basis points factored in. In terms of the trade we expect the Euro & Pound to move lower and the Loonie higher. Much of this will depend on if the dollar pushes higher or trades below 84 [...]
One of my clients today commented on “nerves of steel” and he was right TRADERS must have nerves of steel in this environment. Moves that have typically taken weeks to months in currencies, energies, financials are now happening in just hours. Money mangement will be key to have any success this year. Energies advance significantly [...]
The US dollar had fallen 5 cents or 6% in the last 6 days. As we have said for weeks many commodities are looking for guidance from the dollar and oil. The immediate direction of oil should be dictated by OPEC on Wednesday. Gold and silver continue to be strong performers and we advise all [...]
