Market CommentaryMore Market Commentary
Gold prices were only modestly higher despite all the risk aversion that hit the financial markets. Many traders believed that concerns regarding a Greece exit should have propelled the precious metal higher, but yesterday prices closed only about half a percentage point higher.
While the gold future contract price is hardly higher, physical demand is picking as the UK royal mint announced a significant pickup of purchases from Greek customers. The e-mailed statement highlighted gold coin d...Read More
The S&P 500 mini-futures went right in the tank yesterday driven to the lowest level since April by what may be the final stage of the Greek debt crisis. Greece will officially default on a payment to the IMF today, the Eurozone has cut off funding, and Greek banks are close to collapse.
The mini-futures gapped down 40 points at the Globex opening – the first chance traders had to cover or hedge positions – but clawed back almost to break-even by the opening of the day session. Then the bot...Read More
The Nasdaq has been in “gap-hunt mode” for more than a month. These periods arise when there is a sufficient number of bears to create multi-day down moves.
Due to the selling over the last few days, the Volume Profile Point of Control has moved down almost 100 points since last Thursday. This will be the target for any bounce from these lower levels.
The Upper and Lower Value Area lines represent the one standard deviation point in the volume distribution measured from the VPPOC. The LVA ...Read More
The hog market, like many commodities, has been in a downward trend since making major highs last fall. In fact, the recent decline in commodity prices has begun to feed on itself as lower input costs like feed, fuel and fertilizer are leading to lower prices for finished products. When this is combined with tepid economic growth, consumers retreat further fueling the downward spiral that is becoming synonymous with the commodity markets. However, like the grain markets we wrote about last we...Read More
DXY gained 1.46% last week to close at 95.65 back above its 34-dma as well as its mid-June reaction high giving hope to the bulls that the final rally is upon us. Despite the bearish seasonality of July, cycles indicate that the Dollar is set for one “last hurrah” prior to a “summer swoon” a month from now.
Cycles target a turn near July 24 and are a good match for the cycle low in TNX expected then. A 40 week cycle low is expected in late Sept but an annual cycle shows a low in Feb and is...Read More
Featured StoriesMore Featured Stories
Regular visualization is proven to improve performance by up to 10%. Professional athletes use it to improve performance, yet traders are for the most part unaware how this tool could have a positive impact on their trading results:
At the beginning of this year I started working with a group of professional traders to help them improve their trading performance. The group was given a novel form of meditation which I developed with the aim to help them get out of their linear minds into a mo...Read More
It’s worth reminding ourselves that every trader is responsible for their trading actions and behavior. How we behave or act when trading will largely determine our trading success. Here are 3 common day trading problems related to how traders act. Left untamed, they will lead to failure. All are within the control of the trader and can, therefore, be corrected.
Problem Behavior #1: Trading Without a Game Plan
Traders coming into the trading day without a game plan put themselves in a pre...Read More
Live Cattle Numbers tend to Taper off as Summer Wears On. Here is How Investors can Capitalize
While you’re tossing those steaks and burgers on the grill, you might want to consider how that meat can not only feed your picnic dwellers, but potentially put money in your pocket.
Like most commodities, the cattle market has longer term fundamental and cyclical factors that if recognized, can often be used to the advantage of the patient investor. These are the kinds of markets favored in our manag...
So far, 2015 has been fairly light on high-buzz, high-growth tech-related IPOs, but that figures to change this week with Fitbit's 29.9 million share IPO. As of this writing, the deal is expected to price within a range of $14-$16, but, given the buzz -- and it's very impressive growth rates -- it wouldn't be a surprise if the price range was lifted before it launches on Thursday, June 18.
With the company offering nearly 30 million shares, the float is on the larger side, especially relativ...Read More
The great thing about trading options is there are no limits to the number of strategies, or degrees of risk and reward. Depending on how an option strategy is structured, it can be a simple lottery ticket , a limited risk range trade, a premium collection effort, or a “free” trade in which the trader accepts theoretically unlimited risk for the prospects of a directional bias without any cash outlay. In this article, we’ll focus on the latter.
FREE Option Trades!
People love the idea of f...Read More