Fast Break for Traders: The Week Ahead

Week of September 22, 2008

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5 Hot Picks by Sterling Smith of FuturesOne

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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Bonds/Notes/Eurodollars

Look for interest rates to climb this week, and for these items to fall. The credit markets problems are less than they were, but there are still issues, and it is this reporter's opinion that higher rates will help to bring some participants out of the woodwork.

S&P 500

I am looking for continued up and down behavior this week, however tired participants, and less frayed nerves should help tame volatility. Holding 1200 is very important this market.

Cocoa

Look for mildly higher prices earlier in the week and then for the slump to continue. Cocoa has a strong seasonal around presidential elections.

Gold

Like every thing else last was out of control, and we need to see three closes in a row above 900 to keep the bulls happy. Any inability to do that will result in the bears taking charge with disturbing strength.

US Dollar Index

This market needs to hold 77.00, if that can happen the first couple of days I am looking for some strength to return.

5 Hot Picks by Chris Morse of TradeThink

Chris Morse is the Developer of the TradeThink trading system. He has been involved in the development of trading strategies for nearly ten years. Mr. Morse developed a very robust system which is now in private use at one of the largest FCM's. Mr. Morse now focuses the majority of his time on developing his systems. Mr. Morse has been a frequent contributor to the Educational Friday Fast Break Newsletters and has been featured as a Key Note Speaker on the topic of trading systems.

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Copper (HGZ8)

With a close on Friday was 317.65 the long-term trend is still lower since the beginning of August. Look to go short at 303.5 using a sell stop to enter. If you get short use a protective stop at 310.

Eurodollars (EDZ8)

With a close on Friday at 96.78 the long-term trend is still bearish since May. Look to go short at 96.57 using a sell stop to enter. If you get short use a protective stop at 97.10.

Bund (EBLZ8)

With a close on Friday at 113.73 the long-term trend has turned bearish. Look to go short at 113.22 using a sell stop to enter. If you get short use a protective stop at 115.03.

Euro Currency (ECZ8)

With a close on Friday at 1.4443 the long-term trend is still bearish since the beginning of August. Look to go short at 138.13 using a sell stop to enter. If you get short use a protective stop at 139.17.

Japanese Yen (JYZ8)

With a close on Friday at 94.15 the long-term trend is now bearish. Look to go short at 91.37 using a sell stop to enter. If you get short use a protective stop at 92.41.

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Disclaimer: The Commodity Futures Trading Commission has asked us to also advise you that trading futures is not without risk. While there is opportunity for incredible wealth building, there is also the risk of losing even more than you invested. Of course, that's not unlike most other businesses. But informed traders are the best traders! Opinions expressed by Fast Break authors are not those of FutureSource.