Top Day Recommendations
12.23.08
Final GDP, the deflator (or implied rate of inflation) are out at 8:30 while Existing and New Home sales out at 10 as is U of Michigan Consumer confidence at 10.  Volume is light. Trading ranges should be the order of the day the next two sessions ahead of the holiday.

Current views, speculations [...]

December 1st, 2008
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Record-breaking stock rally ends abruptly.
After posting the best consecutive five trading days in 75 years, the major indices collapsed under pressure.  The sudden turn in sentiment is leaving many to wonder if the holiday is over, or if the Santa Claus rally will save the markets.  The bulls are [...]

Weekly Futures Report
11.19.08
Filed 6:28 pm Wednesday
Last                                            Last Week 11.5
Jan Crude                            54.30                                              56.46
Jan Heat                             178.40                                             186.09
Jan XRB (Blended Gas)            114.55                                         128.26
Going into this week’s regularly scheduled report from the American Petroleum Institute and the Department of Energy, crude oil was steady. Traders were anticipating that when the reports were released, supplies would increase yet [...]

November 17th, 2008
See me in the latest issue of “Technical Analyst”, Trading Volatility with the VIX
Volatile intra-day trade in stock indices, but few participants
Citigroup’s announcement to cut more than 50,000 jobs, Moody’s downgrades on Starbucks bonds and revenue warnings issued by Lowe’s kept a cap on equity market buying.  However, each dip into negative [...]

November 11th, 2008
See me in the latest issue of “Technical Analyst”, Trading Volatility with the VIX
Disappointing Toll Brothers earnings set the tone on Wall Street.
Stocks slumped on Veterans Day on thin volume and a lack of guidance from the Treasury markets.  U.S. Treasuries were closed in observance of the holiday; while equities were open [...]

COWS (Corn, Oats, Wheat and Soybeans)
The grain and soybean complex markets fell sharply from recent tops and they are beginning to fund support. I advised you before the fact that the record-breaking rallies would come to an end. The bubble finally popped as expected. The declines came and they are still with us, however, we [...]

November 7th, 2008
See me in the latest issue of “Technical Analyst”, Trading Volatility with the VIX
Treasury Futures meet technical selling despite weak data.
Treasury traders had priced in a terrible jobs report prior to this morning’s official announcement and as it turns out they were right to do so.  After a quick knee jerk reaction [...]

Weekly Futures Report
11.06.08
Filed 9:25 am Thursday
Last                                                  Last Week
Dec Crude                                63.91                                                   68.29
Dec Heat                                   202.50                                               204.40
Dec XRB (Blended Gas)          140.99                                              152.21
Crude oil fell in price compared to prices traded a week ago. Prices rallied sharply on Tuesday, the eve of the US election as the dollar fell against major foreign currencies. The price extension [...]

October 30th, 2008
See me in the latest issue of “Technical Analyst”, Trading Volatility with the VIX
Stocks holding gains, but is it enough?
Despite yesterday’s dramatic plunge going into the close, domestic equities showed surprising amounts of resiliency.  Higher global optimism in the aftermath of massive rate cuts by central banks around the world kept equities [...]

Apparently it’s come to this. Either there’s a forceful, unmistakeningly unified statement of action at the conclusion of this weekend’s G-7 meeting in Washington or markets will be smoldering ruins by Monday morning. The market is about to suffer its worst week since 1987. The VIX is at 63. Iceland’s banking system has collapsed. GM’s [...]