Author: Scott Hoffman

Stock index futures have sold off today, following a couple of attempts this week to push back to their 2009 highs.  Some pattern watching would have given you a heads up and a trade set up for today, Below is the daily...

Overnight S&P cut Greece’s credit rating and threatened further cuts unless it gets thing in order.  Greece has the largest budget deficit in the EU, and comments from the PM and Fin. Min. have been...

Yesterday I asked if gold futures had formed a bottom (read my post here).  February gold futures have now rallied $30 an ounce from last week’s low; it’s a good time to look again, to see if this rally will...

When I was writing this morning’s watch list a couple of the currency charts jumped out at me; both had illustrative chart patterns. First, below is the daily chart for the March British Pound futures.  It had form a...

CPI was tame, taking away the angst about yesterday’s PPI.  Housing starts cam in as expected.  UK unemployment was better than expected, Euro zone PMI was better than expected.  There’s some easing of...

I was talking to a prospective client this morning about gold futures; we were discussing whether it had yet corrected enough to be a buy.  I’ve fielded a few inquiries about gold lately, so I thought I’d write...

The Empire State manufacturing survey came in lower than expected, and PPI was higher than expected; which paints a poor picture of the economy.  PPI is not a great inflation gauge, but it may keep a floor in Treasury...

Markets are reacting to news that Abu Dhabi is providing $10 bln. to Nakheel to prevent a default; they have $4.1 bln. in bonds maturing today. The other news of note is the ongoing story of Citigroup, which is planning a big...

Gold futures have gotten crushed recently, having fallen $110 per ounce from its all time high on December 3.  Gold’s selloff occurred in conjunction with a rally in the US Dollar, as traders used the Nov. employment...

There were strong numbers from China overnight. Sovereign CDS are lower again; credit default worries continue to narrow.  The Dollar is rallying; were good US retail sales behind it?  Treasuries are lower; the retail...