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Market Commentary

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Grains: Soybean/Corn Ratio Near Historic Highs

This week has gone as expected.  We started off lower Sunday night into Monday then short covering Tuesday morning until the close when the lows were revisited in corn, soybeans, and wheat. Weather remains ideal for growing so far.  Last week’s trading ranges were expanded as Monday’s low to the weekly high had soybeans rising over 65¢, corn 15¢ and wheat 40¢.  Weather this week looks the same with moderate rain falling across the Midwest with warmer conditions which will help corn in its po...

Jul 23, 2014
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November ICE Orange Juice Futures: Trading Idea July 23, 2014

November ICE Orange Juice Futures a Buying Opportunity on More Price Strength

See on the daily bar chart for November frozen concentrated orange juice futures that prices are in a three-week-old uptrend and this week hit a four-week high. The FCOJ bulls have gained upside technical momentum recently. A move in prices above chart resistance at $1.5600 would become a buying opportunity. The upside price objective would be $1.6500 or above. Technical support, for which to place a protective sell...

Jul 23, 2014
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Psychology: The 5 Trader Personalities

I recently wrote several articles for TraderPlanet about how brain type affects one’s attitudes, mood and behavior when trading and investing. Tendencies toward impulsivity, anxiety and even addiction may be the result of chronic under- or over-active brain states. Additionally, closed-mindedness concerning market-related topics also tends to be mediated by one’s brain state.

Brain types, however, are not the same as one’s “personality” and personality has a substantial influence on investor/...

Jul 23, 2014
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Hershey Gaps Down On Earnings: Short Play

The Hershey Co. just recently gapped down on earnings breaking through a daily uptrend line and challenging its previous uptrend. 

GAP REVIEW

On July 16, 2014, HSY gapped down taking out the $94.00 support level.   The stock immediately sold off and pressed down into the $91.00.  It has since bounced up into $93.00 area.

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KEY LEVEL

Since breaking its key support level at $94.00 the stock will be hunting for new demand and price support.  The next major demand level is around $85.00.  I would...

Jul 23, 2014
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Large Caps Gaining Strength

The Largest Cap S&P 100/S&P 500 Relative Strength Ratio rose above its highs of the previous 6 months on 7/22/14, reconfirming a significant rally.

NASDAQ 100 ETF/S&P 500 ETF Relative Strength Ratio rose further above its highs of the previous 4 months on 7/22/14 and remains systematically bullish. The absolute price of QQQ rose to a 13-year closing price high on 7/22/14.

Technology stock sector ETF Relative Strength Ratio rose above its highs of the previous 16 months on 7/22/14 and re...

Jul 23, 2014
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Featured Stories

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Forex Tips: When Trading Discipline Goes Too Far

“Stick to your trading plan” is what we hear said all the time and I’ve been known to say it too.  Although that may be the best thing to do, if your trading plan is ok, there’s the odd time that crops up that makes you question it.

Being a dedicated forex trader I’ve done some serious screen time.  Eyes locked furiously on the charts waiting for my setups, mesmerized by the ebb and flow of the markets.

While going about my normal trading day, there have been several instances where the radical...

Jul 22, 2014
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Rehypothecation, Has The Goose Stopped Laying “Gold”en Eggs?

The practice of rehypothecation is centuries old. It has been used to create “free” money supply and in recent times the Chinese have become rather fond of commodity funding deals in an attempt to leverage deals and grow their economy.

The model works, at least in theory, and while all is well one can extend the daisy chain, seemingly for ever…

The universe provides infinitely after all, doesn’t it? This is basic pop quantum physics. The difficulty arises in the very moment a link weakens an...

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Technical Analysis: Using Multiple Timeframes

The objective of any trading strategy is to identify trading entries with a high positive predictive value: i.e. the sensitivity and specificity of the order are likely to be successful close to 90% of the time.

Getting Started

In order to achieve this —the market must be defined or broken down into two separate energies: 1) price action or market structure and 2) indicator analysis. Both parameters provide separate information that must be integrated in order to evaluate the predictive value...

Jul 17, 2014
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India’s Impure Gold, Short Squeeze To $5,000

The India Times recently reported that the Reserve Bank of India is planning to ship impure gold to the Bank of England to swap it for pure gold that can be traded as London pure bars.

If the objective is to exchange impure for pure bars that is very easily done. Any major refiner would be happy to smelt the gold, test it for impurities, remove the impurities, and then recast the gold at the purity India desires. The gold could then be shipped back to India, instead of being stored at the Ban...

Jul 14, 2014
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IPO Watch: Does TubeMogul Have What It Takes?

Following in the footsteps of Rocket Fuel, Criteo , and YuMe , TubeMogul is set to become the latest digital advertising company to go public over the past several months. Like its peers before it, TUBE is growing its topline rapidly as its client base expands and as it generates more revenue per client.

Also like FUEL and YUME at the time of their IPOs, the company is bleeding red ink as it readies to go public. The encouraging news, however, is that its loss in 1Q14 was very narrow and its...

Jul 10, 2014
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