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Market Commentary

More Market Commentary

The Market Is Doing Just Fine, Thank You

So, there you have it. The S&P 500 touched upon a new record high this morning and the Dow is working to get into the green, just below its all-time high. And this as the Gaza fighting goes on, as the Ukraine fighting goes on, and as the Iraq fighting goes on. Weren’t those geopolitical struggles front-page news not too long ago and weren’t we told the market actually cared? Apparently, earnings and economic data are more important. Wow! Imagine that.

  • The Architecture Billings Index is signa...
Jul 23, 2014
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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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Featured Stories

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Top 10 Free Trading Resources

The following is a list of my top 10 favorite free resources on the web for investors and traders. None of these websites involve any cost, though some do offer the possibility to upgrade to a pay service. We did not include TraderPlanet, since you are already here.

1.www.TopStepTrader.com If you are intraday trader that is tempted to have CNBC on during your trading day here is an entertaining alternative. "Eddie the Broadcaster" will keep you informed with a solid mix of market news, specia...

Jul 23, 2014
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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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