Is Alan Greenspan Shorting The Stock Market?

Former Federal Reserve Chairman Alan Greenspan said he sees the U.S. economy slowing next year as the surge in stocks comes to an end. “The odds are that we flatten out, even though earnings are doing very well,” Greenspan said in an interview with Bloomberg Television, referring to the equity market. That flattening out will probably “put some sort of dull face” on the economy in 2010, he added.The former Fed chief said he sees little...

What Are The Best Stocks To Short Now?

As the market rallied to such an extreme level there are probably lots of good shoting candidates on the US markets. I think it would be interesting to open a debate here on the best stocks to short right now.Is the dollar going to recover somewhat and are the mining and basic resources stocks that will give us the best bang for the buck? If this is the case, maybe United States Steel Corporation (X), Freeport-McMoRan Copper & Gold...

Will The US - China Trade War Send The Markets Tumbling?

"China said Sunday it would review complaints about U.S. exporters' pricing of chicken and auto products after Washington's move to slap punitive sanctions on Chinese tire imports, raising tensions in a trade dispute ahead of two planned meetings between the countries' leaders." in the Wall Street JournalIs this the match that will ignite a market correction? I think it is. I am watching the early price action in Asia and markets are looking...

Art Cashin Says That The Market Resembles The Summer Of 1987

“There’s just some eerie things about this—it’s reminiscent of spring and summer of ‘87 when nobody believed the rally and it kept going up despite skepticism, people shorting into it. It ate them alive until it suddenly turned.” says Art Cashin.Is this a reminiscences of the 1987 stock market crash? Very interesting words from the veteran trader Art Cashin. He has been wrong all along, being bearish since late March or May but is he regaining...

Time To Short Oil?

Crude oil futures prices ended the session lower on Friday, posting the biggest single-day loss in 2 weeks.NYMEX October Oil Futures dropped 3.7%, or 2.65 dollars a barrel, to 69.29 a barrel. That was the biggest decline since Aug. 31 and followed four days of gains that pushed prices up by nearly 4 a barrel on the "dollar weakness trade"."It's the continuing battle between (weak oil supply/demand) fundamentals and economic optimism and...

US Markets Have Done Nothing In 8 Years

"Eight years have now passed since 9/11, and the Dow is essentially unchanged since that horrible, sad day. On 9/11/01, the Dow was at 9,605. The index is currently trading just 15 points below that level at 9,590." in Bespoke Investment Group WebsiteAfter all the bull and bear markets of all these years the Dow Jones moved less in 8 years then it normally moves in a hour. Remarkable, n...

Longest Streak Since November. Can It Continue?

U.S. stocks gained for a fifth day, the longest streak for the Standard & Poor’s 500 Index since November. The S&P made a fresh 11 month high and keeps defying gravity. I do not have any trading position on the S&P Futures but I am short Dax Futures and feeling the pain. I am off over 130 points in just 2 trading sessions.But even more frustrating then that is the behaviour in the Euribor Futures complex. I am losing in that...

Natural Gas Futures Seasonality. Time To Buy.

This is the Natural Gas Futures seasonal graph that was sent by one the members of this trading community. As you can see this is the best time of the year to be long Natural Gas Futures. The seasonal graph shows us that September and October are the best months for Natural Gas prices increases.As you know I bought October Natural Gas Futures last week at 2.500,...

Shorting S&P Futures. Buying US Dollars.

On the reaction to the Employment Report I sold some more S&P Futures and I closed the Nikkei`s that I had paired with some S&P`s overnight. All this indecision makes me think that we are at an important crossroad in this market.I will get back to the Nikkei Futures soon, hopefully after a meaningful correction. I am turning dollar bullish again and I am testing the market with a small long US Dollar, short Euro currency position.Natural...

Waiting For The Employment Report. Consensus Is -200K On Non Farm Payrolls.

It will be important to read the market`s reaction to the data because I think we will have a major move one way or another. So I have my orders lined up on my trading platform so that i can hit them as soon as I need to.My commitments are rather heavy so I have to read it right and act fa...

Risk Taking Appetite. Major Commitments In The Market.

My risk appetite is making multi months highs. I couldn`t stand aside the collapse in the Natural Gas Futures and I bought some futures at 2.500. I was looking at a price chart and I am pretty sure that a major rebound is imminent. I had no fear and I bought a few contracts that I plan to carry for a few trading sessions.I was also looking into some beaten down stocks and I bought a few Hecla Mining (HL) shares. Silver and precious metals...

Buying Natural Gas At 2.5000

I am buying Natural Gas Futures at 2.500. This is the most oversold market I have ever seen and I always get a big bang when I am able to buck such trend. I am probably betting a bit more then I should but I am expecting a big rebound at any time now. I have to admit that my heart is racing but that is probably a sign that the market is about to reverse.This futures expires in September 28th and between now and then I should be able to...

Correction Is Under Way. We Are On FED Alert.

I have seen this before. Markets are beginning to sell off worried that the easy monetary policy is coming to an end sooner then expected.I am carrying a bigger short line having added some shorts at 1022 and 1019. I have a first target at 1000 but I think we are going a lot lower then that. Financials like Citigroup Inc.(Public, NYSE:C) and Wells Fargo & Company (Public, NYSE:WFC) are leading on the way down tod...

Very Active On The S&P Futures.

Very important economic data points are coming out later today:- ISM Manufacturing, 50.5 is expected;- Construction Spending, 0.0% is expected;- Pending Home Sales, no estimate availableI am closing my short line at 1015 and waiting for the data to decide what to do next. Economic data has been stronger then consensus in general but the market reaction has been rather soft. I am leaning to the short side but I will watch these data points...

Over a Barrel - The Truth About Oil

Last night, ABC's Charlie Gibson presented "Over the Barrel - The Truth About Oil." The program was a well-crafted presentation about the supply side issues of oil. However, there were some notable problems.First, the program began with news clips about America's addiction to oil but provided minimal demand-side analysis of our appetite/need for oil. If we are truly addicted to oil, we need to address ways to use oil and energy more efficiently....

Obama's Tax on Oil and Gas

I recently received a letter from Jim Hackett, Chairman, President and Chief Executive Officer of Anadarko Petroleum Corporation, asking for my help in a grassroots campaign to inform elected officials about the the $400 billion in new taxes that the Obama Administration proposes on the American oil and gas industry.Now I found this kind of surp[rising because Mr. Hackett has never contacted me before. No cards on my birthday, no fruit...