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Showing Posts 51 - 60 out of 174 found.

An Option Play – December E-Mini S&P Call Spread

An Option Play – December E-Mini S&P Call Spread

Just a few weeks removed from the end of the Federal Reserve’s quantitative easing program, the equity markets are holding their own. As the markets have enjoyed a tremendous upside move over the last 20 months, many observers wondered if the rally could continue without the free-flowing money press of the Federal Reserve. Right now, it appears the answer is “yes.” In the last week, we have...

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Owens Corning Shares Are Showing Signs Of Life

Owens Corning Shares Are Showing Signs Of Life

Shares of Owens Corning (OC), a $4B Ohio based construction supplies and fixtures company, are down nearly 15% year to date. However, there are now factors developing that may prove to make Owens Corning an attractive investment. First is the valuation of the company when looking out to next year. The stock trades at a P/E ratio of 14.75x (2015 estimates) with 37.3% EPS growth, price to...

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January Soybean Futures: Trading Idea November 13, 2014

January Soybean Futures a Buying Opportunity on More Price Strength See on the daily bar chart for January soybeans that prices are in an uptrend and on Wednesday hit a three-month high. A move above resistance at Wednesday’s high of $10.86 ¼ would become a buying opportunity. The upside price objective would be $12.00 or above. Technical support, for which to place a protective sell stop...

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Volume Up, Stock Prices Down

Foreign Stocks ETF (EFA) Relative Strength Ratio (EFA/SPY) broke down below its lows of the previous 10 years on 11/12/14. EFA/SPY has remained systematically bearish most of the time over the past 6 years. The S&P 500 Composite Index (SPX) finished slightly lower, ending a 5-day winning streak. Volume rose for the first time in 5 days. NYSE total volume rose 11% to a level 2% below...

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More Sour News for Gold, But...

* Latest Market Developments * (Follow me on Twitter: @jimwyckoff) In overnight news, the World Gold Council reported Thursday that worldwide demand for gold dropped by 2% from the same reporting period last year. Chinese demand for gold jewelry dropped sharply in the third quarter, but demand from India rose sharply in the period. I’m going to repeat some sage advice given by Warren Buffet:...

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Grain Market Bulls are Waking Up

GRAINS: December corn futures closed up 3 cents at $3.76 3/4 today. Prices closed near mid-range and hit a four-month high today. Bulls gained fresh upside momentum today.A six-week-old uptrend is in place on the daily bar chart. Bulls have gained the slight near-term technical advantage. The next downside price objective for the bears is to push and close prices below solid technical...

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What the Heck Is OPEC Saying?

Other than Russia meddling militarily in the Ukraine, and the same sending its long-range bombers closer to the USA, the hotspots of the world are as they were yesterday, seeming to not affect the market. Thus, the market is behaving as it should – a bit forward, a bit less back. As to other “events” in the world that can move the market, well, there are few at the moment, save for two that...

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A Failed Breakdown and Potential Bottom for Z

A Failed Breakdown and Potential Bottom for Z

The second half of 2014 has not been kind for Zillow. After being a high flyer into early summer and having some strong news come out, the stock has sold off from $160 and recently broke $100 per share. A Potential Reversal? A floor has been built right around $98 on the stock, where buyers have been stepping up aggressively. What is more important here is the stock did gap down under that...

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Buy and Sell Soy Meal Puts

Buy and Sell Soy Meal Puts

The recent advance in futures and strength in the dollar are likely to stimulate greater soybean acreage in South America. However, futures are currently focused on extremely tight meal supplies and strong crusher soybean demand to make up for overdue meal shipments. How long it will take to restock pipeline supplies of meal is unknown. But, once supply pipelines are adequate, market focus...

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Do you Need Overtaders Anonymous?

Do you Need Overtaders Anonymous?

If I were to start a chapter of Overtraders Anonymous, I doubt anyone would come to the meetings. Those qualified to attend would be … trading or engaged in some other risky activity. This would be the case, even though behavioral-finance research indicates that trading frequency is inversely correlated with returns. And the correlation is quite linear. The Facts In a study of 66,000...

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