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| 5 Hot Picks by Sterling Smith of FuturesOne | |
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 Sterling Smith is developer and publisher of the Strategic Traders Index, and a 17-year market veteran. Registered as a CTA he is often quoted by the Wall Street Journal, Down Jones News, Bloomberg, Reuters, and has been a frequent guest of WFLD Fox News Chicago. Sterling works with clients of all sizes to help improve their trading.
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Crude Oil is starting out the week weaker, and I think that is a good thing. I look for this weakness to continue through the week, and maybe even a new life of contract low being set in 32.00-33.00 area.
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Copper is developing a very weak technical picture. It is also staring out weaker and I look for this trend to continue, and we can see that pull back in to at least 133.00 area.
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With those two being weak, can gold keep its immunity? Some may say yes, but I say no. The market looks weak and could suffer a rather steep sell off and test of 800 or even the 780 area.
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The S&P's have rallied a good distance from the key November lows, some 20 percent, and I think the S&P may have some more skittishness the first part of the week but we will begin to feel better, by mid week and we can see work higher. The NASDAQ appears to forming a larger, broader bottom and I am looking for sideways to higher action here through the week.
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The Dollar continues to show some mixed strength, and I expect that to continue through the week, so we can expect the other currencies to be weak.
I am Sterling Smith and I am bullish on 2009, and if this kind of market behavior continues hopefully for all of us, I am right. Make sure to
subscribe to the STI, to get my weekly outlook, and my 2009 comprehensive overview.
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| 5 Hot Picks by Mike Seery of Manduca Trading LLC | |
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 Mike Seery began his tenure in the agricultural complex at the Chicago Board of Trade. He then transitioned off the floor to pursue an ambition of becoming a full service broker, which he succeeded in doing. Using a disciplined trading approach with a strong emphasis on risk and money management, Mr. Seery incorporates a mixture of fundamental and technical analysis, and is comfortable trading any markets his customers are interested in trading. |
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Buy March Sugar at around 1180 and risk a stop of about 1129. This market has been going down in respect to crude oil.
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Buy the March Australian Dollar at 6790 with a stop loss at 6721. This market goes against the U.S Dollar.
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| Buy the March Soybeans around 995 and put a stop loss at about 939, risking around 2800 dollars per contract. | |
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Buy March Wheat at around 587 and have a stop loss at 569, risking around 900 dollars per contract.
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Sell the Mexican peso around 7.2000 and place a buy stop at 7.3950, risking around $1,000 per contract.
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