 | | 5 Hot Picks by Bill Borkowski Dorman Trading |
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 Bill Borkowski is a retail broker at Dorman Trading, LLC. A 12 year veteran of the futures markets, Bill has traveled around the country doing the seminar circuits. Bill works with clients of all kinds, offering support to online as well as full service traders. |
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Markets are all in overbought/oversold areas so this week should be interesting, especially with the FOMC results Wednesday afternoon. Consider following the trend to the upside in the December Mini S&P by going long the market on a small pullback here this morning. Risk the trade below 1530.00 and target the trade to 1575.00 later in the week after the FED lowers rates 1/4 or 1/2 point as expected. |
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December Corn has been finding support from rising gasoline prices and a lower U.S. Dollar. With traders already expecting 7-9 million less acres of corn planted in the coming season, corn has been trying to keep up with the gains in the soybean market not to lose many more acres. Consider going long December Corn on a small pullback today and look for a retest of recent highs of 389^4. Consider exiting the trade on a close below 365^0. |
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As the old saying goes, "the trend is your friend." With December Gold climbing over $23 last week and the commitment of traders showing the market in an extremely overbought condition, consider waiting for a decent pullback this week before getting long around the $780 level with a stop below $769. Expect a lot of volatility this week with the FOMC meeting results on Wednesday. Gold should test the $800 mark after all is said and done by the end of the week. |
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December Lean Hogs closed on their lows again Friday as the market closed lower for the sixth session in a row. With the weak U.S. Dollar and the recent slide in prices demand should look to increase from Asia and other markets. Consider going long December Lean Hogs this morning around Friday's low of 5415, risking the trade down to 53225. Look for the market to retrace back up to 5950. |
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December Crude Oil has seen an incredible run to the upside in recent weeks and is unlikely we have seen the last of this move. Consider going long December Crude Oil on a pullback to the 9050-9075 area, risking the trade down to 8975. Look for the market to retest the highs of $93.20 after the small correction. If the crude oil market never sees a correction down to the $90-$91 area, consider buying mid-morning pullbacks again this week risking about 40 points on the intraday trades, looking to exit the trades at the end of the day.
Futures and options trading involves significant risk of loss. No assurance of any kind is implied or possible where projections of future conditions are attempted. Past results are no indication of future performance. All investments are subject to risk, which should be considered prior to making any investment decisions. |
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| | 5 Hot Picks by Sterling Smith of FuturesOne |
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| Sterling Smith is developer and publisher of the FuturesOne Power Index, and a 15-year market veteran. Registered as a CTA he is a noted Coffee, Sugar and Cocoa analyst. Sterling works with clients of all sizes to help improve their trading. |
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Gold looks poised to go higher. The construct of this market is much
different than it was back in 1979-1980 when were at these levels. Silver has been lagging so I am looking for further upside here. |
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Crude oil looks like it is on the way to $100. Who knows what is going
to happen when/if we hit that level, but it seems much more likely that we will see triple digit prices than not. |
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The Canadian dollar looks like it is going to have another solid week,
and I am looking for 106 by sometime in early December. |
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Unleaded gasoline has lagged well behind crude during this last leg up. Upside action seems likely here, and it could be rather severe. |
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Orange Juice looks like it has burned itself out on the upside and we
should see more work on the downside here. |
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