Premium Market Wrap 09.20.13
What a wild end to a great week in the market. The Fed definitely provided some great volatility Wednesday and into the end of the week, which will continue to spill over into next week’s trading. As a matter of fact, I think next week could be extremely important to how the markets play out the rest of the month and heading into October.
Premium CL 09.20.13
Wow, the 108.15 level was huge. I knew it was a big level to watch, but the rejection that we saw off this level yesterday was simply fantastic, as Crude has already moved about 3 points off this level as of this morning after breaking through 107.20 support.
Premium GC 09.20.13
As we expected, Gold digested Wednesday’s gains during Thursday’s session, trading in a smaller range from 1358 to 1375 throughout much of the day. After compression, you get expansion. After price expansion, get get compression. Right now, Gold is compressing ahead of the next move.
Premium Market Wrap 08.23.13
Friday’s market saw overnight strength, followed by a “buy the dip” opportunity that led to a slow rally the rest of the session, which has been the pattern du jour of the summer so far. I participated in the move by buying the E-Mini S&P 400 futures contract (EMDU3) at the 1208 program level that I had identified over the last few days, which eventually led to strength back toward the session’s high.