The relationship between crude oil and the US stock market is one of the most important on the board because both are a reflection of the global economy. American stocks are a leading indicator –… Read More
Second Downside Target Hit in Yen Exit All Remaining Put Options
And the award for the weakest major currency on board goes to… the Japanese Yen. Exploding deficits, mind boggling quantitative easing and a negative GDP have been too much for the Japanese currency to handle…. Read More
Sugar Update: Looking Sweeter
The worst drought in decades continues to crimp sugar supply in South America. Prices were sent skyward Tuesday following a retest of contract lows (see chart below) by the announcement by a Brazilian trade group… Read More
Take Some Cash Off the Table in Yen
The Bank of Japan unexpectedly eased monetary policy on Friday, announcing the first new stimulus measures in a year and a half. This is causing the yen to decline sharply in the overnight session, putting… Read More
Position Update: VIX Falling; Yen Lower; Corn & Energy Bottoming; Hogs Slipping
Do you like volatility? If you do, then you loved October. Volatility was the name of the game in a number of markets, attracting both investors and speculators quick enough to capitalize on fast, exaggerated… Read More
Nice Opportunity to Sell Yen Again
The dollar is undergoing a huge correction this morning in collaboration with the huge decline in Europe and the continuation of the big selloff in US stocks. It may be a tough day for stock… Read More
Exit All Bullish VIX Hedges
Last week’s meltdown in nearly all major stock market averages caused volatility as measured by VIX to spike dramatically. It is now encountering strong, multi-year resistance at the 22.00% level. Could VIX spike even higher?… Read More
Sugar Losing Sour Taste: Is It Time to Buy?
Drought in Brazil – the world’s #1 sugar producer – was the catalyst behind last week’s move higher in sugar. Dry conditions have caused production in the sugar-growing regions of Brazil to drop 7.4% compared… Read More
Natural Gas: “Winter is Coming…”
Fans of the popular HBO series “Game of Thrones” will recognize this phrase. For those unfamiliar with the show, “Game of Thrones” is a multi-plotline story about the battle for power in a mythical land… Read More
Gasoline: Time to Trade the Range
Classic chart watchers (known as “technicians”) believe that everything you need to know about a market is revealed in price. We aren’t that extreme. However, we do know that charts can reveal a great deal…. Read More