The British Pound has always been my favorite currency futures contract. I have found that it both generates and responds well to classical chart patterns. The recent price activity in Pound futures is a good...
Read MoreI wonder if the fed is watching gold prices. Last night Fed Chairman Bernanke and Governor Hoenig both made comments, albeit vague, about tightening policy. Otherwise it was kind of a quiet night. Stocks and...
Read MoreHow many times have you watched a strongly trending market, trying to figure out how and when to get on board? When you do look to enter, how do you know that the trend will continue; that you won’t be buying at a...
Read MoreLast night Alcoa kicked off the earning season with a surprise profit-the first after three quarters of losses. In addition they said they believe that business has stabilized for many sectors. However, as has often...
Read MoreStocks are holding in well after the recent gains. Q3 earnings season is starting. There’s not really much news today other than crude inventories at 9:30 Central. Crude saw some strength after...
Read MoreWow, it has been a volatile session! As I said in the morning Watch List, there were a lot of fundamental factors for the markets to trade off of today-the RBA rate hike, the Dollar pricing of crude, and NY Fed President...
Read MoreOvernight the Australian central bank (RBA) raised interest rates by 25 BP. In addition, NY Fed President Dudley made some dovish comments overnight. He said that US interest rates should stay low for some time, that...
Read MoreThis Wednesday, October 7th, at 3:30 PM Central Time I’m doing a web seminar on breakout futures trading using my Trade or Fade methodology. You’ll learn the basics of breakout setups then see them applied to...
Read MoreStocks are a bit higher overnight, rebounding from the Thursday/Friday selloff. The Dollar is slightly lower after this weekend’s G7 meeting, which didn’t come up with anything substantial. Treasuries are...
Read MoreYesterday I was talking to Tom, a friend of mine with whom I hadn’t spoken for some time. He was in the futures business back when I started (23 years ago!), had been out for the past few years, and was getting back...
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