futuresinsightblog.com » Uncategorized

Trading and the Massachusetts Senate Race

Scott Hoffman — Mon, 18 Jan 2010 18:17:02 +0000

In the most watched race, Intrade shows this race breaking in favor of the Republican candidate Scott Brown. I’m not a fundamentalist, but it seems to me a victory for Brown (eliminating the Democratic filibuster proof majority) would be market friendly, as it makes less likely passage of what many consider market unfriendly legislation – [...]

Thursday Readings

Scott Hoffman — Thu, 31 Dec 2009 14:56:02 +0000

Readings for the weekend: Looking at Barney Frank’s new plan for reforming throwing more money at Fannie and Freddie A way to finance future bailouts? Eye opening forecasting on energy prices from an IEA veteran Marc Faber says to expect volatility in 2010 The IMF says commodity prices should advance in 2010 The information contained [...]

A Way to Trade Breakout Failures in Futures

Scott Hoffman — Fri, 25 Sep 2009 19:28:10 +0000

A trade in my office who does a lot of agricultural hedge business called me a few hours ago to ask me what happened in cotton futures today. For most of the morning it had been trading around unchanged; then collapsed. I haven’t looked for new on cotton today, but the chart certainly tells us [...]

Midsession Futures Comments for February 23

Scott Hoffman — Mon, 23 Feb 2009 18:05:32 +0000

Stocks are lower as early optimism faded. The Obama administration still hasn’t provided any concrete details about their plan for the financial markets; this is pressuring financials. March S&P: Failed at Friday’s high, is now testing Friday’s low at 752.50. Momentum shows more downside. Still watching for a test of the November low at 737.25 [...]

STI Watch List for 2/20

Scott Hoffman — Fri, 20 Feb 2009 13:59:25 +0000

CPI was a non event. Negative sentiment continues, with the Dow futures taking out their November low. March SP: Momentum is still bearish, 766 is support. March NASDAQ: I came in short from yesterday. 1153.50 was the last swing low. March Dow Jones: Broke the November low at 7398. March Treasury Bonds: Momentum buy day, [...]

Midsession Comments for 2/12

Scott Hoffman — Thu, 12 Feb 2009 18:05:56 +0000

SPH: Holding the 819 area is bullish, look to the upside to extend if this holds-the day session high has been 826, then 833 are objectives. NQH: 1244 is the next upside objective. DXH: Couldn’t clear the month’s high at 8697, expect more downside. JYH: 11030 is support; 10990 would be the next downside target. [...]

Taking a Loss

Scott Hoffman — Sun, 08 Feb 2009 17:59:02 +0000

I hate taking a loss as much as the next trader-they cost you money, and it’s that market’s way of telling you you were wrong in one way or another. Bad entry, bad stop, wrong direction, somewhere your analysis was wrong. For this reason, many traders don’t get out of losing trades-as long as you [...]

More Downside for Gold?

Scott Hoffman — Thu, 02 Oct 2008 13:45:30 +0000

Gold came into this session with a breakout setup-an inside day, and the narrowest range of the previous 4 sessions. The strength in the US Dollar and the belief that the TARP plan was the fundamental impetus for today’s break. Technically, $869 was the key support level for December futures. Looking forward, $858.60 is Fib [...]

S+P Breakout Setup

Scott Hoffman — Mon, 10 Dec 2007 16:04:50 +0000

S+Ps had a breakout setup today-a narrow range and a doji bar on Friday. Today I am looking for a directional move out of that setup. This is a bit of an anomaly ahead of tomorrow’s FOMC meeting, as you might expect traders to be trading cautiously ahead of such an important event, but the [...]

Lower Prices Ahead for Soybeans

Scott Hoffman — Mon, 08 Oct 2007 15:28:16 +0000

Beans were lower last week-note the big break on October 2nd after the narrow range/doji bar on the 10-1. They formed a swing low at 931 on the Third, and gave another narrow range breakout signal for Friday. I’ve liked the short side recently-the US crop forecasts are getting bigger, and the Dollar has firmed [...]