Author: Scott Hoffman

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A weak earnings report from Cisco yesterday afternoon kept up yesterday’s pressure on stocks.  Euro zone industrial production fell in June; it’s an old number didn’t help sentiment.  In the US,...

This morning I sent a tweet that said:  “$CT_F (cotton) about to take off?”.  In a little over an hour it had rallied about 150 points or $750 from where it was when I made the comment; in another half hour...

The eMini S&P futures had a breakout setup today. Yesterday was an inside day and the narrowest trading range of the previous seven days, a combination that I consider to be good “heads up” to look for a...

Gold futures have had a good rally this past week after bouncing off Fibonacci retracement support (see my blog post here).  Yesterday was a good day as it rallied over resistance at 1183.40  It’s looking like it...

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The Chinese PMI report was a bit softer than expected, but not as low as some had feared.  This helped alleviate some of the slowdown fears and gave the Asian session a positive tone.  Euro zone PMI showed a small rise...

On Tuesday I wrote a blog post about gold futures (read it here).  Gold had reached an important Fibonacci retracement support point and I thought a low was being put in.  After some fits and starts it has rallied, so...

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Over the past few weeks I’ve had a number of people ask me for my outlook for the gold futures market.  Given today’s beat down, I thought I’d give it a quick write up. The daily chart for August gold...