August 2017 Archives

Who Pays the Meal?

By By Erik T. Long|2017-08-26T17:54:17+00:00August 26th, 2017|

Soybean Meal is finally moving sideways. Could this be a buying opportunity? I have been watching this market for some time while waiting for an opportunity to get back in. Could this be the time? After what appears to be sideways movement and at least a pause in the downward trend, our algos gave us an alert.Imports are looking stronger as evidenced by the table below and we may see bullish movement in the later crop futures. I have posted an order in the Long Shot Report and plan to pick up

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Hedging with Harvey.

By By Erik T. Long|2017-08-25T16:47:57+00:00August 25th, 2017|

Here is a hedge for our Brent Crude short trade.While all of us hope that Hurricane Harvey will not leave too much disaster in its wake, we need to except reality for what it is and is not. Subscribers of the Long Shot Report know that we have a Brent Crude short position on that has been moving in our favor. Although Crude has been in a tight range the last week or so, we should still consider a hedge against the hurricane hitting major oil refineries. As of this writing, November Brent Crude

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Spicy Yen Roll.

By By Erik T. Long|2017-08-19T23:53:17+00:00August 19th, 2017|

Okay Sushi Fans, this is sure to be a hot one! The Algos are giving us an entry signal on the Yen. I expect the dollar to continue on the current path and the fundamentals point to the same. I am recommending a new currency trade in the yen. The exact ...

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Hot Cocoa.

By By Erik T. Long|2017-08-19T23:46:12+00:00August 19th, 2017|

Time to add marshmallows and sip. The Algos suggest that we take profits in the Cocoa trade. Fundamentals have not changed much and are expected to stay the same in the near term. Because of this, I see no reason why we should not cash-in on the trade. I am going to take profits on the Cocoa trade Monday. As of Friday's close the options were going for $320 dollars. I will be looking to sell for $320 or better. Good Luck and Happy Trading.Not a member? Click HERE to join now.Let's hit one out of

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Time to Tee Off.

By By Erik T. Long|2017-08-16T17:03:26+00:00August 16th, 2017|

New Long Shot posted in the Long Shot Report.Trade signals for the 10 Year T-Note with corresponding price predictions in the same direction. There is no conflicting data in the fundamentals, so I am taking a Long Shot in this market. Detailed informat...

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Cheaters Never Prosper.

By By Erik T. Long|2017-08-16T15:35:02+00:00August 16th, 2017|

Cheaters never prosper. When I was studying economics, we were told that cartels always fail because someone inevitably cheats.I am reminded of this statement after seeing how the OPEC cartel failed to raise the price of oil as they announced they were...

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Hog Heaven or Dog Gone?

By By Erik T. Long|2017-08-16T14:54:02+00:00August 16th, 2017|

In Honor of an American Classic. Some of you may recall the trade I posted a few weeks ago for the October Lean Hogs (for those that don't, I have included a copy of the original post below.) At first it looked like we had a real pig of a trade on our hands, but the market has reversed as expected and the trade is currently in the money by $30 dollars. Pete Mazza and I both believe that this trade has more room and we are going to hold to watch it grow fat. If you didn't get into the trade, we

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Events that Matter and Why – Economic Releases

By tradeviewexchange|2017-08-16T03:12:30+00:00August 16th, 2017|

Wednesday, August 16 Crude Oil Inventories (EIA) 9:30 AM CTInfluences the price of petroleum products which also impacts growth and inflation.FOMC Meeting Minutes 1:00 PM CTThe FOMC meeting minutes give the market insight as to what members think on a more nuanced basis than the post-meeting statement.Thursday, August 17 Natural Gas Inventories (EIA) 9:30 AM CTIndicates the change in supply in underground storage for the last weekFriday, August 18 Crude Oil rolls from September (U7) contracts to

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A One Way Sign With Two Arrows.

By By Pete Mazza|2017-08-09T17:23:54+00:00August 9th, 2017|

Just when you thought volatility had peaked, this week happens!Unless you have been hiding in a cave, you certainly have heard about the possible Korean conflict. Additionally, China is involved directly. As a player in several commodity markets right now, this adds confusion. Let's see if we can make any rhyme or reason of the craziness this week. Crude inventories are down 6.5% and there is a buildup of gasoline reserves. Even though the Crude inventory is down, the gas buildup tells me that

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New Trades Posted.

By By Erik T. Long|2017-08-07T21:38:46+00:00August 7th, 2017|

Portfolio algorithms and predictions are lining up nicely on a few markets. I posted two new Long Shot Report trades in the Members Area. After looking at the fundamentals, I settled on Brent Crude and Corn. We have had good luck with Corn the last couple of months, so let's see if it continues. Our bias is short for Crude and long for Corn. The Corn trade is a short term play with cheaper options near-the-money. I am shooting for a spike up in the next couple of weeks that will allow us to

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Monthly Archives: August 2017