US Markets

Energy Insights From Dave Lutz And Crude Oil Levels Of Interest

With Crude Oil in the news and prices surging after a quick dip under $40 per barrel, I thought it would be good to share some color from the must-read commentary of JonesTrading’s Dave Lutz and follow that up with some insights into key price levels for crude oil. Here’s some…

Stocks Behaving Like Latter Stage Of Market Cycles

In last week’s market commentary, I mentioned that currency wars and deflationary headwinds are curtailing growth. And this makes it hard to buy stocks at elevated levels. In my reviews I talk about how there are market cycles and that the old adage ‘buy low and sell high’ is good…

Is More Quantitative Easing (QE) On The Way For The U.S.?

Two different central bankers from two different continents made news yesterday – both giving us a nod and a wink that at best low rates are here to stay and at worst more stimulus (i.e. quantitative easing) may be coming our way. Peter Praet, the European Central Bank’s chief economist,…

US Corn Weekly Review: Can Futures Rally Back To 4.50?

The corn market was inundated this week with reports from the Pro Farmer Midwest Crop Tour. As always the colorful, first hand accounts of US corn and soybean conditions varied from not only state-to-state but also county-to-county. The market focus going into the tour was distinctly on the Eastern Corn…

Market Correction In Full Effect For US Stock Market Averages

Greece couldn’t do it. Poor company earnings along with lower forward guidance couldn’t do it. Not even strong hints of a September rate hike by the Federal Reserve! A technical market correction in the stock market is typically referred to as a drop of 10 percent from the highs. It…

Russell 2000 Futures: Volatility Creates Fib Swing Trade Setups

Below is a textbook example of a swing trade on the e-Mini Russell 2000 Futures (TF). And the recent volatility helped to create some big opportunities with my Fibonacci method. Let’s go back to last Wednesday. The target/support price area was 1185.6. Price dropped 4 ticks under that level and then…

Currency Wars, Deflationary Headwinds Pressure Investors

An astute client of mine emailed me with a question: “I am concerned about this currency war that is going on with the US dollar. Are there any preventive measures that we should be looking at now to lessen the impact that this will have on the US dollar and…

Apple Stock (AAPL) Finds Price Support: Time For A Backtest?

Last Monday, I highlighted a key price support zone for Apple stock (AAPL): 115-118.  That zone represented lateral support (late November ’14 highs and February ’15 breakout) as well as the longer-term 2 year uptrend line (around 115ish). That AAPL price support zone broke down last week. And today, Apple…