Author: Scott Hoffman

Having been a broker for so long, I’ve had the opportunity to watch hundreds of traders in action.  One of my core beliefs from all this experience is that the markets try to fool traders into buying when they should...

A surprise drop in German unemployment aided the Euro; which was also helped by a bigger than expected jump in EZ CPI.  A survey on the Treasury market from Morgan Stanley indicates that Treasuries may be about washed out...

A Chinese PMI report overnight showed strength in China’s economy as PMI rose to its highest level in five years.  This was slightly blunted by news that China’s government is tightening tax and mortgage rules...

The financial pits at the CME close early, but Globex is open regular hours. However, will anyone trade today?  I’d be careful about trading this afternoon; I imagine trading will be pretty thin.  Overnight there...

I was watching the markets in an on again, off again fashion today.  The range in Spoos was around five handles; even a good Chicago PMI report couldn’t break them out of the doldrums.  After the PMI, I pulled up...

Yesterday I was going to write a post about the breakout setup sale in March Silver futures, but today was equally interesting, so I’m glad I waited (Reminds me of that Demotivators poster:  “Hard work often...

The US Dollar saw some strength overnight as risk exposure markets slid.  Talk of bankruptcy for Japan airlines weighed on the Yen, while the Euro was pressured by a report showing slow money supply growth and weak...

There wasn’t a lot of market moving news last night.  There might be some concern over Al Qaeda’s claim of responsibility for the flight incident this weekend.  The group is based in Yemen, close to soft...

In this morning’s STI Watch List, I wrote that I thought today could be an important one for gold futures.  I grabbed a daily chart to show you what my thinking is. Below is the daily chart for February Gold...