Crude oil was higher for the first time in 4 sessions but we only gained 70 cents after the $7 route that is not much. It appears that buyers are emerging but we would suggest waiting for the... read more »
Monday brings us another quick update of the "Indicators the Disciplined Investor is Watching" from Andrew Horowitz. The February 8th update is entitled, "Oil Appears Oversold... For... read more »
The chart below of (NYSE: XLE), SPDRs Energy ETF shows the importance of the $54.25 level for the sector ETF. There is a convergence of trendlines and support at this level acting as a key level to... read more »
Real-time Monetary Inflation (last 12 months): 2.2%
Last week really tested the mettle of metal-owners. An early-week bullish head fake was followed by some nasty selling that left COMEX... read more »
It is a quiet morning in the foreign exchange markets with the dollar holding onto its gains. As our colleague Boris Schlossberg mentioned this morning, the G7 meeting proved to be a dud for the... read more »
The GBPUSD has had a choppy trading session as the market fights with negative fundamental bias and a market that may be oversold and in need of a consolidation/non-trend period. Last... read more »
Last week was the type of trading week that raised a lot more questions than it answered - at least for me. The epicenter of many of those questions seems to be southern Europe, where Greece,... read more »
Crude will close down about $1.50 on the day and about $6 off its highs intra week highs. The fact that prices did not break down and heavy buying came in below $70/barrel this correction may be... read more »
Assuming some massive UUP March call position is not being rolled, today was the second biggest volume day in UUP March Calls ($23 strike) ever. We believe this is not a roll as the trade did not... read more »
Real-time Monetary Inflation (last 12 months): 2.6%
PHEW! Thursday was quite a day! Spot gold dropped more than $48, or 4.4 percent, dragging gold stocks with it. Well, when you actually... read more »
