1.02.09
Welcomes to the New Year. There are still a sufficient number of people either physically or mentally absent to make for a light, possibly violent trading day. There’s the Institute for Supply Management out at 10. The dollar is stronger on the first day of the year while crude is lower as that short squeeze [...]

12.31.08
Happy New Year. A tough one for many. Just initial claims today. Once again, trading volumes are very low and in addition to New Years Eve, snow and high winds (up to 60 mph) are in the forecast for NYC so many will eye the exits. Price action can be exaggerated because of this thining [...]

“How to Trade a 1-2-3- Top”
By Mike Reed
The “1-2-3 Top” that you will read about below is one of the many trade set ups that I personally developed and use in my own trading.
(Watch video of “1-2-3 Top”)
The 1-2-3 Top is a powerful setup in which the second move towards the top falls short of [...]

Top Day Recommendations
12.26.08
Another open day in terms of economic releases. Boxing Day has Europe basically closed; Canada too.  Trading ranges should dominate without the introduction of a third element.

Current views, speculations and suggestions
Mar Yen: positive with support at 110.00
Mar Swiss: positive with support at 92.10
Mar EC:  positive and above daily resistance of  140.50
Mar Canadian: [...]

Top Day Recommendations
12.19.08
An open day on the eco calendar. It is rumored that the White House will come to the aid of the auto industry today. The President is due to talk later this morning. Car demand at its lowest level in 50 years. January crude expires today and the spreads continue to widen. Profit [...]

Anyone who has traded or read about commodity trading should know that trading commodities and futures is very risky. That statement is very true. However, it doesn’t have to be as risky as you might think.
The plain reason why commodities are risky is due to the huge amount of leverage of futures [...]

COWS (Corn, Oats, Wheat and Soybeans)
The grain and soybean complex markets found some initial support on some of my indicators but still read bearish on the BTI (s shown last week). I advised you well ahead of the declines that the record-breaking rallies would end. I told you that declines could be 60% or more [...]

Top Day Recommendations
11.26.08
Durable goods come in at -6.2%, twice as much as the expected decline of -3.0% while consumer spending drops the most in seven years. China slashes rates to boost eco activity and this bumps copper towards 175 resistance. Gold is off today while silver is up. Gold tracks closely with the EC which [...]

November 24th, 2008
Visit us at www.CommodityOptionstheBook.com!!
Treasury bonds relax, but “this” may not be over.
Unfortunately I wasn’t able to keep up with my newsletters last week due to, among other things, the Las Vegas Money show and extreme market conditions.  During times like this we are forced to prioritize and our clients always come first, [...]

Top Day Rececommendations
11.20.08
Weekly jobless and continuing claims come in both higher than expected. Oil springs a leak and drops $3.00 a barrel almost instantaneously. The Long Bond is almost 300 better and the Yen screams through 105 on risk aversion. And stocks are lower as well, almost an afterthought or by product. The longs can [...]