Blog Archive

Its Midnight, Chicago Time. Gold has tested the 1,165 level, and Silver has posted a high at 18.80 In 6 hours or so, we’ll see if the Asian markets were able to light a new fire under these metals, and perhaps send the dollar index to fresh lows.
Crude Oil has a trading high at 78.25 up 78 cents from last Friday’s close.
The SPZ mini’s are trading 4 handles higher at 1094, while DJZ sits just 35 ticks higher at 10338. Surprisingly quiet given the action in the outside markets, but the day is young.

In the grains, December Corn is up 3 1/2 […]

Its Midnight, Chicago Time. Gold has tested the 1,165 level, and Silver has posted a high at 18.80 In 6 hours or so, we’ll see if the Asian markets were able to light a new fire under these metals, and perhaps send the dollar index to fresh lows.
Crude Oil has a trading high at 78.25 up 78 cents from last Friday’s close.
The SPZ mini’s are trading 4 handles higher at 1094, while DJZ sits just 35 ticks higher at 10338. Surprisingly quiet given the action in the outside markets, but the day is young.
In the grains, December Corn is up 3 1/2 […]

I did a quick look at the charts and picked out the following resistance levels, as it seems most of these commodities tonight are heading higher.
In the crude oil, I would think of selling 80.40, 80.88 and then 81.67.
In the Jan Beans, 1058, 1063 and then 1068.
In the Dec Wheat, 572 1/4, 584, and then 585.
In the Dec Corn 409 1/2 and then 413 1/2
For the stock indexes, resistance would be the following;

DJZ, there are two points 10412 and the 10427
SPZ, there are two as well, 1108.50 and 1,112.25

All of these levels are major points on the […]

I did a quick look at the charts and picked out the following resistance levels, as it seems most of these commodities tonight are heading higher.
In the crude oil, I would think of selling 80.40, 80.88 and then 81.67.
In the Jan Beans, 1058, 1063 and then 1068.
In the Dec Wheat, 572 1/4, 584, and then 585.
In the Dec Corn 409 1/2 and then 413 1/2
For the stock indexes, resistance would be the following;

DJZ, there are two points 10412 and the 10427
SPZ, there are two as well, 1108.50 and 1,112.25

All of these levels are major points on the […]

Its Sunday Night and the screen is Blue, Blue, Blue. Gold; New high at 1,162.50 Silver; New High at 18.70 Corn Wheat and Beans Higher… SF pops through the resistance at 1050 and jumps up to 1056 for a high so-far…A low at 946 3/4 gives us an 11 cent range so far for the night and we’ve only been open for 20 minutes. SF is up 7 1/2 cents. CZ is one cent higher at 393 1/4 and Wz is up 3 cents at 562.
These grains will move in sync with the Crude which is up at 78.14 up 50 cents.

Continued weakness […]

Wow, its 2 am, and I just finished re-spell checking and editing a lot of my first 100 or so posts. I didn’t realize that I had been doing a spell check, and then not saving it properly before I published the entry.

I really hate miss spelled words and poor grammar. Its a pet peeve of mine. If you the reader are going to take the time to read my entries, the very least I can do is provide an easy reading experience.

I hope in the future, there will be better content, better style and more enjoyable reading for you to enjoy and […]

Wow, its 2 am, and I just finished re-spell checking and editing a lot of my first 100 or so posts. I didn’t realize that I had been doing a spell check, and then not saving it properly before I published the entry.

I really hate miss spelled words and poor grammar. Its a pet peeve of mine. If you the reader are going to take the time to read my entries, the very least I can do is provide an easy reading experience.

I hope in the future, there will be better content, better style and more enjoyable reading for you to enjoy and […]

Just a quick note of thanks to my current subscribers. I began this blog about six weeks ago. I started keeping track of visitors and subscribers only about a month ago. So far, the growth has been promising, with an initial viewership of about 5 a day, I am averaging 40 a day, or about 300 a week.
Small beginnings, but with your support and help hopefully I will be able to contact more interested readers with good thoughtful content, insight into certain trading formations, market moves, with specific ideas as well.

My first job, while I was learning to trade back in the Mid-America […]

Today we had an impressive settlement, as Gold fought off earlier weakness to settle at 1,115.20, a new all-time high settlement. For the day we opened at 1,145 posted a high at 1,151.50 and a low at 1,132.50 for a 20 dollar trading range.
Silver opened at 18.54 posted a high at 1859.5, a low at 1803.5, and a settlement at 1805.0.

Moving on to the Stock Indexes, we had a nice recovery, once again, as the markets mimicked Thursday’s action. The Bears pounded on the stocks early, couldn’t get any follow through, and spent the rest of the day selling 30 tick breaks, only […]

All the contracts I look at are in the red this morning, except for the lone bull, Jan Beans. These beans look bound and determined to explore the space above 1050… The contract has pretty much dis-associated itself from the crude oil. For about a year, we moved in sync with crude, but for the past several weeks that direct relationship looks to be more of a passing connection currently.
Crude is down 70 cents at 76.65 currently while Jan Beans are up 6 cents at 1045, zoning in on the over night’s session high print at 1050.
There is a very strong tendency […]