FUTURES TYCOON

MARKET COMMENTARY

To recap the market moves of last week, The president of the European Central Bank (Draghi) came out with news stating that he would not let the European Union fail. The following day the German Chancellor (Merkel) and the French President (Hollande) both came out with statements. They vowed to do everything to protect the Euro.
This Bit of news had many commodities and stocks in the Green. This week we will have more news out of Europe and we will also see Ben Bernanke address our economy. We will also see jobs numbers this week. This is important because there is chatter of another round of Quantitative Easing. The idea is to print even more money and inject it into the system. If this does in fact happen, we will see an inflated dollar that has diminishing value, and we will potentially see gold and crude on another rally.

I see the markets trading sideways this week with much of the recent rally factoring in the potential for another round of Quantitative Easing. In my opinion Crude Oil shows major support down at about $87.00 with resistance at $93.00. My pivot for Crude is $94.00. Gold has also been trading sideways inching up on last weeks news. $1600.00 looks to be a new support level with $1640.00 showing resistance, a move above $1640.00 should see the Gold market rally.

“BULLS RUN THIS MARKET!”

Lets chat about how we can get you involved to take advantage of these potential move. You can always reach me at my desk 212-600-2883 ex.112 or by email futurestycoon@gmail.com

Past performance is not necessarily indicative of future performance. The risk of loss in trading futures contracts or commodity options can be substantial, and therefore investors should understand the risks involved in taking leveraged positions and must assume responsibility for the risks associated with such investments and for their results.

We are sure in for some interesting news following this week.

1. ECB in the media

2. FED in the media

3. JOBS report in the media

planetmoney:

via Business Insider

IF ANOTHER ROUND OF QUANTITATIVE EASING STARTS NEXT WEEK I AM BULLISH ON GOLD AND CRUDE. IF ANOTHER ROUND OF QUANTITATIVE EASING STARTS IN SEPTEMBER I AM BULLISH ON CRUDE AND GOLD. BOTTOM LINE IN MY OPINION I AM BULLISH ON COMMODITIES!

There is substantial risk of loss in trading futures. Trading futures might not be suitable for all investors. Past performance is not indicative of future results.

Another Bad Day!

Subprime Private Student Loans: No Way Out »

Although private loans make up a relatively small slice of the roughly $1 trillion in outstanding student debt, a new report from the Consumer Financial Protection Bureau in conjunction with the Department of Education shows that these loans have the ability to harm borrowers’ credit and future financial security at a disproportionately high rate.

nasdaq:

Create, Own Up, Fill Time, Serve, Persist, Ideas—Visual.ly’s 6 Behaviors of Successful CEOs:

“I walk out of the office every day at 5:30 so I’m home for dinner with my kids at 6:00.” -Sheryl Sandberg, COO of Facebook

thedailyfeed:

Lax lending rules caused college students to take on debt they didn’t understand and couldn’t afford, according to a new government report.

The report, released Friday by the federal Consumer Financial Protection Bureau and U.S. Department of Education, compares the boom-and-bust cycle in private student loans to the mortgage collapse in 2008 that ushered in a global recession.

“Subprime-style lending went to college and now students are paying the price,” said Education Secretary Arne Duncan.

Why can’t Europe get it right?

It seems like everyday I wake up, Europe is in the news with austerity problems. This needs to stop now and all they are calling for is a new summit? We need decisive action in Europe. We need someone to take the lead and come up with a solution!

Crude end of day 7/23/12

Today the markets saw news of European Austerity problems yet again. Spain is looking for a bail out and the reaction to this is; if Spain gets a bail out, then we will see Italy next in line. If this happens we will see the unraveling of the European Union Before our eyes. This bit of news this morning sent many commodities into the red, including Crude Oil. The market slid to a low of 87.76. I see the price of $87 dollar crude as a major support level and below there I see support at $83 dollars. Above the market I see $93 dollar crude as a resistance point, with $94 being the pivot.

Crude tested resistance at 93.25 last week during August expiration. During this recent upward trend, resistance at $93 was only tested once. I see the Crude Oil market bouncing back and forth within the $87 to $93 range, with a bullish outlook if we can break through my pivot of $94.

Past performance is not necessarily indicative of future performance. The risk of loss in trading futures contracts or commodity options can be substantial, and therefore investors should understand the risks involved in taking leveraged positions and must assume responsibility for the risks associated with such investments and for their results.