Very little action in Crude today with prices closing slightly lower for the seventh consecutive day. As we suggested yesterday we advised clients to buy March $5 call spreads expecting a trade back to $75 in the next 2/3 weeks. Natural gas exploded today with a surprise draw on the weekly AGA inventory report. On [...]
I was not expecting to be busy today but with the Dubai news on a day like today the volatility had markets all over the place. Crude oil finished lower by $2 but intra-day traded almost $6 lower. Coincidence or not the 61.8% Fibonacci line at $72.25 should contain further losses; today’s low in January [...]
Blood bath in the energy sector today. Crude oil was lower by almost 4%, erasing most of the weeks gains, at this moment we’re suggesting to hold your longs. On a breach of $67 in October we may sing a different tune. After an impressive showing yesterday in natural gas we gave back 1/2 the [...]
Labor day weekend is upon us, I hope everyone finds time to escape and recharge their battery. It is crucial to periodically forget about everything financial and to RELAX. I know I will take this long weekend to regroup as to come in fresh Tuesday. I would not read into the large swings in the [...]
It has been some time since all the energies were green on the day(positve). As of this post natural gas was higher by 12%, the highest trade in 9 days. Guess what we are still advising $1 call spreads in October. I’m guessing investors will start to move because they love to chase the market. [...]
I love it when a plan comes together. The equity market has delivered moving 3.5-4% higher today. We have now seen 3 positive days in a row with the Dow now 10% off the lows and the S&P just under 13%. Trail stops ansd start trading out of your long calls. The energy complex also [...]
As of this posting crude has reversed from higher to lower; currently a $3 range on the day. 50 day moving average is at $45.30 in April and should act as support, if this level gives way we may see shorts pile in . Expect a $40/50 trading range ahead of OPEC this weekend. Use [...]
The setback in gold and silver is in day 2 as it appears there is some more downside; see previous posts. We continue to expect the inverse relationship with equities and metals and if the market can get a clearer picture from Obama and the gang we would expect equities up and metals down. We [...]
