After a decent rally in equities last week, this week has on the docket several potentially market-moving events – from FOMC meeting to mid-term elections to China trade. Longs can think of selling some covered calls. Last week, two separate … Continued
Once again, 10-year Treasury yields failed at the top end of a long-term channel, although can push higher near term, creating a trading opportunity in TLT. Close, but no cigar! The 10-year rate came very close to breaking out of … Continued
The U.S. sovereign bond market has hit the headlines a lot these days. Rates have rallied big since September 2017 lows, but from suppressed levels, and are at crucial stage technically. At least near term, fundamentals do not allow for … Continued
To say that energy stocks are back in favor will be an exaggeration, but they have perked up of late. Off the January 20th intra-day low, XLE, the SPDR Energy ETF, has rallied north of 16 percent. That is in … Continued
“Greed, for lack of a better word, is good.” So says the fictional character Gordon Gekko in the 1987 film Wall Street. Then there is the saying ‘bulls make money, bears make money, pigs get slaughtered.’ The hypothetical buy-write involving … Continued
Oil bulls can take heart. Maybe. Spot West Texas Intermediate crude ($37.07/barrel) is likely on the verge of a 10/20 (daily moving average) crossover. The crude has more or less been going sideways/slightly up the past couple of weeks, and … Continued
Hindsight is always 20/20. The post last Monday hypothetically discussed three ways to play beaten-down GLD, the SPDR Gold ETF: (1) go long at $103.09; (2) short November 27th 102.50 puts for $0.49, which could result in effectively going long … Continued
Later this morning, August’s NFIB (National Federation of Independent Business) optimism index is published. July was 95.4, up 1.3 points month-over-month. The index has been under pressure since the recovery high of 100.4 reached last December. The last time it … Continued
Gold continues to act as if it expects a hike as soon as this month. The FOMC meets on the 16th-17th. On Friday, post-August jobs report, GLD, the SPDR Gold ETF, shed 0.3 percent. The two-year Treasury yield was unchanged … Continued
While the debate continues as to whether or not the Fed will hike in its upcoming meeting in two weeks, gold is giving off vibes as if it expects one. Yesterday was a risk-off session as far as equities were … Continued