Friday massive, back up the truck

Interesting day and week really in the markets, bear rally continues in main indices. I am reviewing short opps in internet stock Amazon and long commodities – the softs. On the commodities first – set the background – oil chart since 2000. Well, to me, it looks like a spike which could retrace to $80 [...]

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Inflation fighting with pillows

Fed funds rate futures price in 75bp increase by year end – if none then latest pullback in commodities will be reversed, and then some.

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Chump change

Well, this is the first weekly update starting this week and will have a few nice sections to help me keep track of market activity without getting too close to the market action. Firstly, Apple has indeed turned lower, see 50 day ma, and Fridays action quite bearish. If it does follow through next week [...]

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Black Coffee…

Last week, on the breakout we had what I understand to be record volume when price exceeded the low 140s – a record for the volume of coffee contracts traded in one day! Here is the view of one veteran trader who has taken a position in coffee. “I recently (months ago) moved into ag [...]

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