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| 5 Picks by Sterling Smith, 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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I think we are looking for a bottom here, and are struggling to find it. November seems more like October with this sort of action. I will feel more comfortable with three closes in a row above 1480 here. |
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The Bull is safe as long as the closes stay above 800, but too much action below that number could make things rough in here. |
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It may take a little more to push it past that $100 mark, and be especially careful if the market falls through 90.00 basis January. |
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Can you say volatility? A 50 pct retracement could take us back to around 101.50, if we do pull back to that level a bounce back towards the 106 area seems likely. |
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September 2008 Eurodollar |
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Short term stuff is the haven when markets get rough...like these have. I think we will see a continue climb here which means lower short term interest rates.
Be careful out there, these markets are going through a period of volatility which rivals anything I have seen in a very long time. Be watchful for decoupling of things that had been trading together over the last couple of quarters. I do not think this is start of anything too serious, but the rough ride may be with us all of this week, and maybe into next. |
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| 5 Picks by Steven Petillo, Arc Capital Management |
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 Steven Petillo has been in the futures and forex industry since the early 90’s when he worked on the floor of the Chicago Board of Trade. Since then he has been the senior analyst and research director for FCMs and investment firms as well as a regular contributor to Futures Truth
. Mr. Petillo is now the president of Arc Capital Management, an investment firm dealing in futures, the foreign exchange markets and OTC energies with offices in Chicago, Dallas and throughout Texas. |
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Greenback to move higher and open interest to build up in stock indices as bottom pickers hunt for end-of-year rally. Fed's proactive stance on sub-prime loans to benefit S&P and Dow into the end of the year. Watch out for business inventories on the 14th. |
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Lower prices this week as OPEC rumors of additional production surface. A lower close today could signal a sharp technical reversal in beans and corn. Harvest is nearly complete with excellent figures being reported adding pressure to the market. Greenback strength to pressure the market as well. |
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Sharp turnaround in the US dollar should lead to a collapse back to $800 in gold. Indian buying season not enough to counter strong dollar. Look for traders to trade the short side this week and buy for longer term positions on these corrections. |
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Terrible housing numbers should lead to a stall in the over-heated Loonie market. Problems in US housing spreading north and we should see profit taking for a good part of this week in the Canadian. 104 not out of the question this week. |
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Technical reversal could be short lived. Profit taking and export ideas not enough to turn this market around this week, especially with a correction in the greenback under way. Cash hogs expected to continue their slide leading the way for futures. |
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