Author: Scott Hoffman

Today was a Taylor Trading Technique Buy day for the eMini S&P futures. Yesterday had a big range selloff but it closed so far above the high that it was less likely to see the test of the previous day low that we would...

The grain futures markets are right up there with my favorite markets to follow and trade. The expansion of electronic trading hours has changed their character somewhat but some of the characteristics from the old floor trading...

I’ve said it many times but it bears repeating-the weekly EIA petroleum report is often a great opportunity for a breakout trade. I often look for a breakout type trade regardless of whether or not it actually has a...

Yesterday’s weak earnings report from Apple weighed on the Asian markets last night; they also got some pressure from an IMF report warning of downside risks to the economy and on market doubts that the government will...

Sometimes it’s better not to think too much about trades – just do what you think you should do, rather than overanalyze things. Come to think of it, that’s almost always good advice. That’s one of the...

By the Taylor Trading Technique, the grain futures largely had Sell Short day signals following Friday’s rally. I labeled November soybeans as a Sell Short day candidate for today’s session. This meant I anticipated...

Breakout setups are one of my favorite patterns to trade in the futures markets. They often lead to a market that makes a big move in a short amount of time – the kind of move that futures traders look for. I trade...

China’s non-Manufacturing PMI came in at a stronger than expected 56.7 in June. This combined with Chinese newspaper stories calling for a bank reserve requirement cut helped to boost commodity prices. The Chinese services...

The pro-ECB New Democracy and PASOK parties won enough seats to from a pro-EU government. This gave a higher overnight open for the ‘risk on’ assets but a subsequent selloff in Spanish and Italian debt took the bloom...

I have often told others that the best trade is the one you don’t take. There’s no reason that can’t apply to me once in a while as well; today’s trade in the lean hog futures is a great example. Although...