01.06.09
Filed 3:45 pm Tuesday
————————Last——————-Last Week 12.30
Feb Crude——————-48.60———————–39.36
Feb Heat——————–162.70———————-130.87
Feb XRB (Blended Gas)——–118.66———————-93.82
Crude oil and its products continued to rally into the New Year. Crude for front month delivery traded through $50 a barrel as Kuwait and others indicated that they would reduce shipments to comply with OPEC production reduction levels. Russia has also cut [...]

Top Day Recommendations
12.12.08
As of 12:42 AM, Senate Republicans failed to support a bill pushed by the White House and the Democratic congress. This sent a shiver throughout the markets last night as the failure to pass gave life to the fear that the Big Three face a possible collapse by year end and the Recession [...]

Top Day Recommendations
12.10.08
API and Department of Energy reports out at 10:35 AM NYT.
Yesterday, the Treasury sold $30 billion in short term paper due to mature in 4 weeks. The yield? Zero. Nada. Nothing. Not only that but the Treasury offering was oversubscribed with a bid to cover ratio of 4/1. That’s right, $120 billion dollars [...]

Top Day Recommendations
12.03.08
Yesterday was sort of calm, for a change. Just a trading day. Not the greatest, not the worst, not the most, not the least. No superlatives. Refreshing. Of course there’s Friday’s unemployment number which should wreck its usual havoc. Today we have a possible preview of that number with the release of the [...]

Top Day Recommendations
11.28.08
No eco news today. Black Friday is so named as it is the first day of the calendar year when brick and mortar retailers begin to go from being in the red to being in the black. Crude is lower on the belief that new production reductions will not be enough to counter [...]

Top Day Recommendations
11.24.08
Eleventh hour 306 billion dollar rescue package for Citigroup as well as a $20 billion dollar cash injection from the Treasury on top of the $25 billion they received last month has pushed stocks higher overnight. This is a complex deal but probably preferable to breaking up the company. The immediate response to [...]

November 20th, 2008
I am going to keep this short and sweet. It was an incredibly busy day in the markets, but I also have family in town and the Las Vegas Money Show to deal with.  I apologize for the inconvenience.  Feel free to contact me with any questions or concerns.
Unfortunately, yesterday’s prediction of an [...]

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 [...]

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 [...]

Top Day Rec
11.10.08
The big news overnight was the Chinese stimulus plan. 568 Billion over 2 years equates to 7% of their GDP. Spill over to US markets though linkage is tenuous, at best, Of course this news is good for copper, to select one commodity. At the very least it induces short covering.
Market absorbed Friday’s [...]

November 4th, 2008
See me in the latest issue of “Technical Analyst”, Trading Volatility with the VIX
Have bonds turned the corner?
After reaching a low in the mid 112’s in yesterday’s overnight session, Treasuries have  been toying with the idea of moving higher.  Due to shifts in volatility, my downside target has been revised from 111′17 [...]