Author: Scott Hoffman

Stocks are higher, the Dollar is lower overnight.  Stocks are being aided by reports that US holiday spending turned out to be pretty robust.  The lower USD is boosting energy prices, which are also getting a boost...

The US Dollar is falling back after the weak housing numbers this week.  The correction in the USD is aiding commodities today.  Today’s economic numbers offset each other – jobless claims fell but durable...

Earlier this morning I posted a ‘tweet’ on Twitter that I thought February Gold futures could rally if they took out 1095.70, last Thursday’s low.  They took it out, but fell back.  Let’s take a...

I’m currently reading The Long Emergency by James Howard Kuntsler (Amazon link).  It’s probably terrible holiday reading (his basic premise is that Peak Oil is bearing down on us faster than we will develop...

The Dollar is slightly lower, which is helping commodities and stocks.  Personal Income was a non-event; later this morning we get consumer sentiment at 8:55 and crude inventories at 9:30.  Inventories are expected to...

In last night’s Swing Trader’s Insight newsletter, I called today a Buy Day for February Crude Oil futures according to the Taylor Technique count. (For the basics on TT go here).  On the daily chart below I...

US Q3 GDP was revised down to +2.2%. That’s weaker than expected, but when Q4 is almost over, who cares?  Nov. existing home sales are out at 9 AM; will they approach the barnburner we saw for Oct?  Overnight, a...

There wasn’t much top tier news overnight.  S&P reaffirmed Ireland’s sovereign credit rating, which helped the euro.  Greek debt spreads continue to widen as anxiety mounts about its solvency. ...

On Dec. 16 I wrote a post ‘Will the Rally in gold Futures Continue?’ (Read it here).  From the low on Dec. 11 Feb gold futures rallied about $30 per ounce.  Normally the 16th would have been the Sell Short...

RIM and Oracle posted good earnings, sort of offsetting a weak report from FedEx.  Yesterday a story came out that the Iranians stormed an oilfield in Iraq; the Iraqi oil minister is to make a statement about this...