Hey Gang, On Thursday’s grad call, we mentioned gold and how the recent pullback gives us a great buy opportunity. ABX has been the top performer in the past days, but the others are ticking along in a very volatile market.  Continue to look for entries as the run in gold appears to be hear for the long haul. Happy Trades, Jeff

Hey Gang, The above chart show a very bearish candle for the yen.  Good news for stock investors as a falling yen will limit selling pressure…Good news for FOREX traders as well.  Keep an eye on short yen positions.  There are some nice short term signals to at least play a temporary pullback in the yen. Happy Trades, Jeff

Hey Gang, The oil refining sector has been one of the most battered and bruised sectors over the past 18 months.  TSO, VLO, MRO, and SUN are some of the majors.  If you look at the charts and compare them to the price of oil, you will notice that the refiners fell when oil rose and continued to fall when oil dropped.  The key to refiner’s profits is the crack spread. The crack spread is the difference between oil prices and gasoline prices.  As oil prices rise faster than gas […]

Hey Gang, There is a credit unwind that is putting downward pressure on the financial markets.  It is referred to as the Yen-carry trade.  If you do a search for it, you can find out the details of what is going on with it.  My point here is to look at the major support that EUR/JPY currency pair is currently hitting.  If the pair breaks support, it will lead to continued selling in global equity markets.  If the pair finds support here, there will be a reprive from Yen redemptions […]