Author: Scott Hoffman

A number of sovereign CDS are lower today as credit contagion fears are easing.  Jobless claims were higher than expected, continuing claims were lower.  Both were distorted by the Thanksgiving holiday.  The US...

Back when I was brokerage youngster, I worked for a firm founded by an old CBOT floor trader.  We used to talk to him about the markets; it was fun to talk to someone with that kind of experience.  When talking about a...

It’s Wednesday; time to write about crude oil.  The DOE report comes out at 9:30 AM on Wednesday; crude futures tend to consolidate the day before the report, then have a directional move after the report is...

China appears to be looking to tighten things a bit. It’s reported they will cut their loan cap next year, and a PBOC researcher reported that risks are rising from their loose monetary policy, and they will need to...

I’ve commented before on the similarities between the Taylor Trading Technique and Market Profile.  Both have a strategy of looking for trend reversals at what Taylor called the “excess” at the end of a...

At a speech last night Bernanke said “formidable headwinds” for the US economy are likely to produce a “moderate” pace of expansion.  This gave a push to the selling in stocks.  Moody’s...

Earlier  this afternoon a “tweet” came across my twitter feed, “why the hell is this bird flock flying in circles over and over again”.  At the time, eMinis were approaching the support area...

In this morning’s watch list I labeled today a “Z” day in the eMini S&P futures (and the other indices as well).  I got the term Z day from Linda Raschke.  A Z day is a day that occurs after a big...

Friday’s moves are seeing follow through. Chinese officials said they would keep a “moderately loose” economic policy and “proactive” policy moves to assure continued economic growth. ...

November’s payrolls fell by 11K; this was much better than expected.  The rest of the report was equally good news. I hear Rick Santelli talking on CNBC about “needing to dig into the number”; I’m...