Tomorrow is what dreams are made of. Will the Fed cut rates by a half or will they cut by a quarter? Truthfully, the pit traders I speak to want...
Why does Greenspan need to cut rates you may ask? The US economy appears to be showing signs of recovery. Wall Street has rallied smartly this...
With new contract highs across the board in the Eurodollars, there were many stunned pit traders at the end of trading today. Realization has...
The difference between a millionaire and a billionaire can be calculated in seconds of a day. A million seconds is 11 and a half days. A billion...
Many traders like to pick my brain and/or share information with me on a daily basis. A much-respected colleague of mine shared this information...
I have been in the futures industry for 25 years. I currently work at the Chicago Mercantile Exchange. Many traders like to pick my brain and/or...
The 10Yr Note had a Key Reversal today. A Key Reversal by definition is a new contract high followed by a lower close. The objective for this...
You can gauge the state of the economy on the price of Wal Mart's stock. Wal Mart is the working class hero's favorite store. I have numerous...
Crude closed at $29.17 today, up $1.82 in the past two trading sessions. This will be reflected at the pump soon. Fuel is a fixed expense. This...
The ES have rallied 20% (945.00) from their March lows (787.50). Is this the top, or has the true squeeze just begun? The data of the next 30-60...
Gold has a H&S Bottom with two left and two right shoulders. The 2nd neckline was broken on Friday at the $345.00 level. The objective is...
FOOD FOR THOUGHT The last time a gelding won the Kentucky Derby was in 1929. Will history repeat itself.
The Baby Boomer like myself, has been considered the largest age group worldwide. We have been marketed to and sold to since the day we were...
I write a daily market commentary. 90% of the time, my writings are based upon the equities and securities markets. My weekend commentaries are...
There is a Head and Shoulders bottom on a monthly corn chart. This move could be big. $4.30 Corn??? Beans in the teens??? As diabolical as...
This summer, now that the war is over, CONSUMER CONFIDENCE will return. That is a beautiful thing. We will not have to worry about terrorism,...
Eurodollar futures set new contract highs last week and again today. The Fed knows all too well how to fight inflation. Like the Japanese, they...
Since March 12 when stocks bottomed out, the economic data has been horrific. The war is over and the earnings season is nearing its end. The...
Jobs were not added in April. 48,000 jobs were lost. A total of 415,000 in the past two months. Jobs, or the lack of them will be the key....
The last 3 hours of trade on Friday afternoon, are the final 3 hours of trade for the week worldwide. 2/3 of the players are either sleeping or...
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