 |
| 5 Hot Picks by Eric Reinholtz of DAW Trading |
|
|
Eric Reinholtz is a Senior Market Strategist with DAW Trading. Mr. Reinholtz relies heavily on his expertise in charting markets for his exact entry and exit scenarios. Mr. Reinholtz’s focus targets very realistic money-making strategies more so than cryptic buy & sell signals that can get flashy publicity, but have little to do with actual portfolio alignment. He believes a professional way of approaching the markets should emphasize scaling-in during serious purges (ideally after bases are built), and scaling-out gradually into strength (ideally into extended parabolic moves), happily not worrying about "milking" the last percent out of a move
| |
|
|
|
|
|
|
With a structure change coming from the Fed, Congress approved economic stimulus package, along with easing interest rates, and the pieces are in place for a bottom in stock market. Now it becomes more of a 'consumer confidence' issue for the market. I feel that once consumers see the results of the work of the Fed and Congress, there will be a major reversal in consumer confidence. Given that 1290 now holds in the $SPX, market should be on track to reach 1510-1520 in the next eight to twelve weeks. | |
|
|
|
| Traders can use any rally move to 1.9850 through 1.9875 to enter market short. Stops should be placed at 2.0012 for now. Any move below 1.9625 and traders can move down stops to 197.75 and take profit on first contracts. | |
|
|
|
|
While not out of the woods just yet, looks like traders who followed the philosophy of the Nikkei making a bottom were handsomely rewarded for their efforts. Not only is the Japan's stock market significantly off the low put in March 17th, the day when my last article came out calling for a bottom in stock index. Day traders should continue to buy into weakness, using 1265 as the first support, and 1242-1240 as next level. Only a move back below 1220 would end current bullish uptrend. | |
|
|
|
| Last update, posted March 17th, I recommended that any traders who were not already short use any rallies to get short. Those who followed with that thinking were rewarded nicely. August Feeders on Friday made new contract lows. Since Feeders have now reached an 'over-sold' daily condition, and terrific profits in the books, traders should liquidate all short Feeder positions immediately. | |
|
|
|
| 'Loggerheaded' best describes any trader who went short this Corn market; good thing I have only recommended buying puts. Frustrated shorts saw beans and wheat take a massive dive Friday only to see Corn finish higher on the session. With USDA reporting planting intentions right in-line with consensus estimates no reason to change overall positions, or take new trade. We will sit with puts and let expire in late April.
| |
|
|
|
|
|
| 5 Hot Picks by Lee Gaus of EFG Group | |
|
 Lee Gaus has thirty years of experience in the commodities industry. In 1992, Lee established EFG Group along with his two partners who are long-time friends. Since then, Lee has traveled the U.S. conducting seminars and trading meetings for retail traders and commodity offices. |
|
|
|
|
|
| I would consider selling the CLN8/CLM8 spread at 1.0 - 1.05 with a stop loss at 1.35 looking for a target of .40. | |
|
|
|
| I suggest looking at a synthetic put in the bonds selling the future at around 11820 and buying the May 118 calls for 1.20 over the futures. This has a risk of about $750 expiring on April 25th. Look for a target of 11700 on the bond to exit. | |
|
|
|
| Depending on the hog and pig report I would consider buying either the LHM8/LHJ8 spread at 12.0 or the LHN8/LHJ8 spread at 14.0 level risking 2 points on either spread. If not stopped hold into April expiration. | |
|
|
|
| Again depending on the crop report coming I will consider buying the CN8/CZ8 spread 3 to 4.5 to the sell side but risk only 2 cents. If not stopped sell at plus 5 to July. | |
|
|
|
Again depending on the crop report you might want to take a chance at buying old crop (July) selling new crop (Nov) if you can buy it under 1.20 the risk is the recent lows of 80 cents.
Past performance is not indicative of future results. The information contained in this report is intended for informational purposes only and is the opinion of the writer and may change at any time. This information was compiled from sources believed to be reliable but accuracy cannot be and is not assured. There is no warranty, expressed or implied, in regards to this information for any particular purpose. There is SIGNIFICANT RISK involved in trading futures and or options on futures and may not be suitable for all investors. Investors should consider these RISKS and evaluate their suitability based on their financial conditions. No one should ever consider trading futures or options on futures with anything other than RISK CAPITAL. This information is provided freely and is NOT in the capacity of a trading advisor. NO LIABILITY on the part of the author exists for any trading loss you may incur in the use of this information. Information provided is not to be construed as an offer to sell or solicitation to buy any commodity or security named herein. | |
|
|
