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A Look at Gold Futures

Scott Hoffman — Mon, 23 Feb 2009 14:54:19 +0000

Gold futures had a great rally on Friday, aided by a lack of confidence in government bailout and stabilization plans of all stripes. This saw April gold rally to a new high for this move, and within sight of th all time high of $1033.90 on Feb 17th, ’08. There’s some profit taking today (reports [...]

Good Buy Opportunity for Silver Futures

Scott Hoffman — Fri, 20 Feb 2009 16:33:54 +0000

The bull market in precious metals paused yesterday; this correction was a good chance to buy silver.The green line in the chart below is the swing high from September 25th. 1393 has served as support for the past sessions; yesterday’s move below there proved to be merely corrective. Momentum (the bottom panel of the chart) [...]

Stocks Ready for More Upside

Scott Hoffman — Sun, 08 Feb 2009 17:42:38 +0000

Stocks had a great day Friday-SPoos were up 27.25, about 3.2%. Friday’s rally also augurs well for further advances for stocks. Friday’s rally broke the down trendline off the January highs, and was enough to pull MACD into a bullish crossover. In the short run, this puts them in an intersting position. Momentum (the bottom [...]

Price Action in Cotton

Scott Hoffman — Fri, 19 Oct 2007 01:39:54 +0000

December Cotton was a breakout candidate today-yesterday had a narrow trading range, and although it wasn’t an inside day (I like the ID/NR combination as a breakout signal), it was a doji, so I knew to be looking for a breakout trade on Wednesday. The chart below is of the day session only-you don’t have [...]