Posts by: Gene
Good Afternoon Traders and Happy Holidays!
We have been quite the busy market the last few days so MANY things have been entering and hitting TARGETS!
And RIMM smashed its earnings, up over $1 from today’s close in after hours trading. We own it!
FUTURES:
Heating Oil (/HO), High Grade Copper (/HG), Soybeans and Soybean [...]
Continue Reading →Good Afternoon Traders and thanks for viewing the Wizard’s Market Wrap!
Today’s trading was upbeat from the start even on weak economic news which just goes to show you how little news really matters when it comes to trading.
Bank of America BAC) TOPS $11 and we are in it as it hits the 50% [...]
Continue Reading →Stocks and Commodities Magazine
See our article published November 27th 2012 in the December issue of Stocks and Commodities Magazine.
Continue Reading →Good Evening Traders!
The last 2 days have brought quite a few great profits into our pockets while continuing to focus Fiscal Cliff concerns after the FOMC announcement yesterday. This partnered with a downgrade of the UK caused a back and forth session to occur.
In Wizard World:
FOREX:
USD Major and Yen Cross have [...]
Continue Reading →Good Afternoon Traders!
The markets today were very happy today and TECHNOLOGY in particular (AAPL) was running early. Some other notable gainers were INTC, URBN & RIMM so profits were running well in our trading community! This is all ahead of the FOMC Meeting tomorrow so keep an eye on your FINANCIALS early and late. [...]
Continue Reading →Good Afternoon Traders!
We start the week with back and forth trading essentially ending the day flat to up a bit. (S&P 500 @ 1419 +1) A lack of economic news out of North America partnered with Fiscal Cliff concerns and the start of the 2 Day FOMC meeting tomorrow gather the markets attention. [...]
Continue Reading →Good Evening Traders!
This was a day where rate announcements out of Great Britain (/6B) and Europe (/6E) dominated the early landscape but once we got the North American session open it was all about buying the dollar (/DX).
Gold was flat (/GC), Crude Oil was flat (/CL) and we head into tomorrow’s Non Farm [...]
Continue Reading →Good Afternoon Traders!
Today’s trading had a more volatility and therefore better price movement once we got past the slow open. We trended lower in the 1st hour and then broke into a lunchtime rally that had the DOW Jones up triple digits!
We closed above the open on the DJIA (+82) and S&P (+2) [...]
Continue Reading →Good Afternoon Traders!
The markets were once again revisited with concerns regarding the Fiscal Cliff talks and remained listless. Price action was tight throughout the session and volatility dried up. When the price is not moving, volatility becomes strained. You can tell the markets are waiting on something. Tomorrow this should not be as much [...]
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