Monthly Archives: January 2011

Understanding Derivatives – A Primer

Heidi is the proprietor of a bar in Detroit. She realizes that virtually all of her customers are unemployed alcoholics and, as such, can no longer afford to patronize her bar. To solve this problem, she comes up with a new marketing plan that allows her customers to drink now, but pay later. Heidi keeps track… read more

Swing Trading Strategy – Projected Reversal Date picks low in Gold. [chart]

The February Gold has reached the descending median line and fullfilled the critera for the reversal signal, triggered by the January 4th reversal date. Gold traded lower into the January 6th reversal date and tested the median line support, setting up a potential reversal. (A market will typically reverse at the media line.)  The next… read more

Grains Lower Rebalancing Begins On Friday / Futures Broker

WHEAT – Down 7 to 8 cents per bushel. Firm dollar and follow-through technical selling lending pressure as long-liquidation continues as index fund portfolio rebalancing begins on Friday. * Mostly favorable conditions for final wheat harvest in southern Australia while wet weather remains a problem in the north. [ID:nDTN614] * The potential for snowfall this… read more

Unemployment 9.4% – Nonfarm payrolls rise 103,000 in December

* Nonfarm payrolls rise 103,000 in December * Private employment gains 113,000 * Unemployment rate falls to 9.4 pct from 9.8 pct * Average work week unchanged at 34.3 hrs By Lucia Mutikani WASHINGTON, Jan 7 (Reuters) – The U.S. economy created far fewer jobs that expected in December, suggesting the Federal Reserve will complete its asset… read more

Grain Calls and News /Futures Broker

WHEAT – Down 5 to 6 cents per bushel. Firm dollar and profit-taking after Wednesday’s rally weighs on prices. Traders said the wheat market appeared to be topping out at around five-month highs in CBOT and two-year highs in KCBT and MGEX. * Mostly favorable conditions for wheat harvest in southern Australia while showers in… read more

US Jobless claims up

WASHINGTON, Jan 6 (Reuters) – New U.S. claims for unemployment benefits rose more than expected last week, but a decline in the four-week average to a fresh low in more than two years indicated the labor market improvement remained intact. Initial claims for state unemployment benefits increased 18,000 to a seasonally adjusted 409,000, the Labor Department said on Thursday, above… read more

Swing Trading Strategies – Reversal date triggers 30-cent rally in Wheat! [chart]

March Wheat traded to a new high, on the January 3rd reversal date. The new high was followed by a price decline on January 4 and early in the January 5th session, before the reversal date kicked in and triggered a 32-cent rally. The reversal rally has regained all of the previous day’s losses as… read more

Futures News – EIA Data – Crude Stocks fall!

* Crude stocks fall 4.16 million barrels * Distillate inventories rise 1.15 million barrels * Gasoline stockpiles rise 3.29 million barrels * Cushing inventories up 858,000 barrels NEW YORK, Jan 5 (Reuters) – U.S. crude inventories fell more than expected in the final week of 2010 and refined product stocks rose, according to a weekly report… read more

Swing Trading Strategies – Gold Peaks on Projected Date! [chart]

February Gold – Gold fell the most in six months after posting its highest close on the January 3rd reversal date. Gold was pressured by speculation that a global recovery will curb demand for the metal as a haven asset. The price action is the same as Silver, so I would also expect to see… read more