I was already tooting my horn calling a commodity correction and it didn’t even last 24 hours. That is what I love about these markets, they can certainly humble you. Energies pushed thru recent highs for crude and the distillates, we remian spectators. We will continue to advise accumulating nat. gas at these levels; we have [...]
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 [...]
We had voiced our concerns that things had gotten ahead of themselves and stocks and commodities should see a setback but apparently the markets think differently as virtually all commoities gained today and the stock makret is up 2.5% as of this post. One could remain long but we would strongly advise lightening up, at [...]
We started the week with an 8% move higher in Crude, but this is after a 25% reduction last week so don’t get too excited. The US dollar was 2% lower and is exhibiting signs of a top forming. If we see the dollar fade and oil move higher commodities are back. At this point [...]
