Monday, February 8, 2010

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No follow through, both bulls and bears vulnerable
Monday’s trade was eerily calm coming off the heels of one of the most active trading days in history.  According to the Wall Street Journal, the CME saw over 18.6 million in futures and options [...]

Monday, February 8, 2010

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Back and filling but waiting for auctions
It was a surprisingly tame session following a wild end to last week’s trading.  In fact, the Treasuries traded in a [...]

Monday, February 8, 2010
Gold is consolidating above its psychological $1050/oz area as activity in the FX markets cools down.  Trichet attempted to calm investors this weekend at the G7 summit by implying that the ECB and EU have the situation well under control.  We’ve seen multiple statements from governmental representatives hit the wires over the [...]

Monday, February 8, 2010
General Comments
Continued selling in the stock market has helped spawn a breakout US dollar rally and pressure commodity prices further.  Winter storms or not, the oil sector took a nosedive on what should be perceived as both U.S. and global economic weakness – something I forecasted and continue to anticipate throughout much [...]

Monday, February 8, 2010
The S&P futures are back in the green Monday as major Dollar pairs settle in the wake of last week’s intense pullback in the risk trade.  The EUR/USD, GBP/USD, and AUD/USD are all stabilizing this weekend as the weekend gave investors an opportunity to settle their nerves and assess the damage.  Furthermore, [...]

Monday, February 8, 2010
July Wheat may have put in a bottom and could trade higher as we go into harvest, especially if there is any abnormal weather occurring.  We are buying a 520/600 July Bull Call Spread (buy the 520 call and sell the 600 call) and also selling the July 480 put for premium [...]

Monday, February 8, 2010
There was nothing but platitudes from the G-7 meeting this weekend.  There was conflicting news on Greece.  It’s being said that some European banks aren’t taking Greek paper for repos.  On the other hand, Goldman says that Greek debt spreads are too wide and will begin to narrow soon; this would lower [...]

Monday, February 8, 2010
Read more at TraderPlanet.com
March corn on Friday closed weaker, near mid-range hit a fresh four-month low and closed at a bearish weekly low close. Corn bears have the solid near-term technical advantage. Prices are in a four-week-old downtrend on the daily bar chart. The next downside price objective for the bears is [...]

Monday, February 8, 2010
The stock market’s miraculous recovery in the final two hours of Friday’s session could have made one lose sight of why stocks were down in the first place. Come to think of it, why were they down?  Investors began the the day supposedly concerned about whether Greece might have to hock the [...]

Monday, February 8, 2010
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OVERNIGHT/EARLY MORNING DEVELOPMENTS
The market features in overnight/early morning trading today are higher gold prices and weaker U.S. stock index futures prices.

JIM’S MARKET THOUGHT OF THE DAY *
Those of you who’ve followed me for a while know that I’m a conservative trader/analyst. My mission is to steer you away from [...]

Monday, February 8, 2010
An easing of investor risk sentiment is helping to support equity price overnight. Early in the trading session, stock markets followed through to the upside following Friday’s strong finish and talk of a possible resolution of the fiscal problems plaguing the Euro Region.
Appetite for risk was on the rise as the Dollar [...]