Stock indexes are weak in early trading after a down day Tuesday, June 17. September S&P futures were last down 6.75 at 1344.25. Tuesday’s hotter-than-expected PPI was unwelcome news on the inflation front, and this morning, bearish news from Fed Ex and Morgan Stanley came on the earnings front. Crude oil is also heading back [...]
Lind Plus Senior Market strategist Michael Sabo is bullish on silver but is recommending an options strategy rather than an outright futures position. Precious metals are considered alternative investments when the dollar is weak. You can read and print his commentary on this option strategy here or view his webinar below. Be sure to check [...]
Lind Plus Senior Market Strategist Phil Streible says coffee and sugar are two commodities that are looking bullish from both fundamental and technical perspectives, and he’s recommending some options trading strategies for ICE Futures coffee and sugar contracts. Grab a cup, and get the details.
Wholesale Prices Bolt Higher in May – AP Housing Starts Drop to Lowest Level in 17 Years – Bloomberg Goldman’s Quarter Topped Street’s Expecations – AP Economics of Futures Trading, Part I – Mark Perry, Carpe Diem Honda Rolls Out New Zero-Emissions Car – Chicago Tribune CME’s NYMEX Merger Cleared – Chicago Tribune Kuwait Says [...]
Last week, inflation was the focus, and with crude oil prices heading toward more record highs, and it looks like the second-half of the year could be more sluggish than we had hoped. Let’s take a look at price action in the financial markets last week, and how we might approach this week trading futures. [...]
Corn jumped to new highs today as flooding in the Midwest damaged the crop. Corn surged 3.5 percent to a high of $7.91 a bushel in early morning trading. Soybeans, wheat and rice also made gains.
Mortgage Group Has Broad Homeowner Aid Plan – Reuters Despite Irish Vote, the Euro Remains Strong – NYTimes Food Companies; Shares Tumble as Costs Rise – Reuters Lacker Joins Chorus Calling for Rate Hike – MarketWatch Home-Builders’ Index Reaches Record Low in June – MarketWatch Lehman Posts $2.8 Billion Loss – WSJ.com Oil surges to [...]
It’s a new trading week and crude oil is already at a new record high, with July NYMEX futures trading above $139 a barrel. The market seems to be ignoring news that Saudi Arabia, the world’s largest exporter, plans to ramp up supply. A fire that shuttered an oil and gas field off the Norwegian [...]
Oil kicks living costs up 4.2% – CNN.com Limits sought on commodity trading – Diana B. Henriques, International Herald Tribune (Video) Should we blame futures traders for high oil prices? – Financial Times Calling Bernanke’s Bluff – Joseph Brusuelas, Merk Investments Oil Prices On A Slippery Slope To Disaster – Carl Mortished, Times of London [...]
Retail sales jump by largest amount in 6 months – Bloomberg Oil Should Not Be Left to Market Forces – Anatole Kaletsky, Times of London Don’t Fear Speculative Bubbles – Chris Farrell, BusinessWeek Don’t Expect Dollar Intervention – Marc Chandler, TheStreet.com Visualizing Oil Production: 1965 – 2007 – Paul Kedrosky, Infectious Greed Tough Love from [...]
