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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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I am looking for a mild recovery first part of the week, after last week's nightmare. However, with CPI and PPI next week, we could see any gains easily erased by the second half of the week. |
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The freeze that wasn't, OJ rallied in front of weather concerns and then failed horribly. I look for this weakness to continue at least through this week. |
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Cocoa looks a little top heavy here to me and if weakness starts show up we could see the start of a decent pullback. |
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The Yen has had a decent run over the past view sessions, and while I am, in the longer term, bullish towards the yen we could see some sideways to lower action here. |
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Copper is looking better, there seems to be some signs of some bottom action here, given this market's size and wildness rallies out of this chart pattern could be surprisingly large. |
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| 5 Hot Picks by Bill Borkowski of 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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The U.S. DOLLAR is higher this morning as Japanese money is flowing out of the Yen and into the Dollar, and European Central Banks seem to be lifting up prices this morning. Consider selling short the U.S. DOLLAR this morning as the pending homes sales report due out tomorrow is expected to show continued weakness in the U.S. housing sector. Also any surprise FED rate cuts this week would hurt the dollar prospects. Risk the trade above 7657 and initially target the trade below 7540. |
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Consider going short February NATURAL GAS as a disappointing storage report last Thursday and a warm-up in temperatures across the country should help Natural Gas push lower this week. Funds still hold a big net short position. Risk the trade above 8000 and initially target the trade below 7470 with the main target at 7220. |
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While the March SOYBEANS have managed a new contract high, some concern is warranted as we enter overbought levels. Weak exports on Friday and persistent weakness in the stock market also might look to weigh on SOYBEANS. Consider selling March BEANS on a rally this week around 1275-1280 area, risking the trade above 1290. Target the trade down to 1250 initially and if that level is broken consider 12370 as the target area. |
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The February GOLD is lower this morning as the U.S. dollar is higher, and the crude oil market is down sharply. Continue to look to buy dips in the GOLD market as long term trend remains positive. On a correction this week to 855.00 consider going long February GOLD, risking the trade to 848.00. The Mini GOLD contract is 1/3 size of Gold and a nice alternative for smaller traders. |
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Iceberg, dead ahead! And all we see is the tip. Still bearish on the stock market so look to sell any type of rallies this week in the Mini S&P, or a break below 1415.00. First target on the trade is 1400.00 with the main target in the 1380-1385 area. Risk 10 points from entry.
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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