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Trading Commentaries

Showing Posts 81 - 90 out of 168 found.

How Crazy Is This?

It is to the point now the less said the better. After all, how does one continue to articulate reason in the face of absurdity?   The big red flag is how the Russell 2000 has now fallen to new multi-month lows. It is true the small caps have traditionally led both in and out of bull and bear markets, but this time around, the context is different. The US economy and the Fed are in...

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December Soybean Meal Futures: Trading Idea October 9, 2014

December soybean meal futures a buying opportunity on more price strength. See on the daily bar chart for December soybean meal futures that prices have made a decent rebound from the recent low. See, too, at the bottom of the chart that the Moving Average Convergence Divergence (MACD) indicator has produced a bullish line crossover signal, whereby the thick blue MACD line crossed above the...

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Health Care Gaining Strength, Energy Losing Strength

Health Care Sector ETF Relative Strength Ratio (XLV/SPY) rose to a new high on 10/8/14 and remains systematically bullish. Energy Sector ETF Relative Strength Ratio (XLE/SPY) fell below its lows of the previous 7 years on 10/8/14 and remains systematically bearish. Crude Oil, United States Oil ETF (USO) absolute price fell to its lowest price level in 10 months on 10/8/14, thereby...

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Stock Bounce Could Be Short-Lived: E-Mini Play

Stock Bounce Could Be Short-Lived: E-Mini Play

If you are a fan of swings or seesaws, the S&P gave you some entertainment the last few days. On Tuesday the index dropped nearly 1.5% in one of the larger moves we’ve seen as of late. If that wasn’t enough action and volatility for you, I hope you were able to see Wednesday’s bounce. The S&P recovered the Tuesday’s loss, rallying just under 2%. Fed News Wednesday’s release of the...

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Microsoft Has Upside To $50 By The End Of The Year

Microsoft Has Upside To $50 By The End Of The Year

Technical Setup Shares of Microsoft (MSFT) have fallen about $2 in the last two weeks in a fairly orderly manner. This brought the stock back to major support at the 50-day exponential moving average, an area where it has marked bottoms for most of 2014. Despite Microsoft being up about 28% year to date, the uptrend remains intact and will at a minimum take the stock back to the September...

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A Stock In The Christmas Stocking

A Stock In The Christmas Stocking

I had a friend, mentor and real life trader message me the idea for this write-up. Hey, no reason to take the credit for this amazingness, so thank you, Gene and Roxanne.What’s another reason to be an active trader? What about simple generosity? Christmas is coming right around the corner and soon people will begin scurrying for presents. What if you could avoid the shopping malls and...

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FOMC Minutes a Near-Term Game-Changer?

*OVERNIGHT DEVELOPMENTS* Traders are still digesting the dovish Federal Reserve Open Market Committee (FOMC) minutes released Wednesday afternoon. The Fed expressed increasing concern about weakening world economies and some FOMC members questioned whether the appreciation of the U.S. dollar against the other major currencies might act as a drag on the U.S. economy. The U.S. dollar index...

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Gold Market Bulls Making a Move

METALS: December gold futures closed down $6.00 an ounce at $1,205.51 today. Prices closed near the session low on a corrective pullback from this week’s gains. The key “outside markets” were also bearish for gold today as the U.S. dollar index was firmer and crude oil prices were lower. Gold bears still have the firm overall near-term technical advantage. Prices are in a three-month-old...

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Now, For the Rest of the Story … Earnings

No matter how one views it, the current market picture is not pretty. Okay, it ain’t pretty, but at least it is consistent. If nothing else, count on the market to succumb to the pressure of the daily onslaught of news and, lacking any large, positive catalyst, it will sell off. This is good news for the folks who like to short the market and it is bad news for those who fear the worst when...

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December E-mini S&P Futures: Trading Idea October 8, 2014

December E-mini S&P futures a selling opportunity on more price weakness. See on the daily bar chart for the December S&P E-mini futures that prices are in a near-term downtrend and the bears have gained downside momentum. A move below chart support at Tuesday’s low of 1,924.25 would become a selling opportunity. The downside price objective would be 1,860.00, or below. Technical...

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