“President Barack Obama, under pressure to bolster the U.S. economy, said on Monday he and his economic advisers are discussing additional steps to generate job growth such as more tax cuts for businesses.” (Reuters) Officially, Paul Krugman is not one of Obama’s aforementioned economic advise

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Energies Crude oil’s end of the week rebound should be short lived and ultimately seen as a mild bump on the road to fresh near term lows. Target $64.50 in the near term, confirmed by a break below 71.24 on the Oct. contract this week. Heating oil and rbob both appear ready to collapse a sol

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It sounds like an investors bad dream:  Hope for an improving economy continually stymied by negative economic reports and sovereign debt fears; A seemingly optimistic stock market giving way to reality;  Commodities prices that seem to be stuck in limbo; Everyone waiting for fall elections, eyein

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Energies Crude oil offered a strong price correction last week as a rising U.S. dollar combined with concerns over China growth/demand to create a bearish market sentiment. The market is still stuck in a wide range with the top likely in place. I anticipate continued downside in coming weeks and r

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Energies Crude oil is showing signs of topping below 83.80 resistance. I believe this market is setting up an ultimate price failure to below $50 before year’s end, but the next week may provide the ultimate indicator. Anticipate a dollar rally pressuring oil prices at these levels, as the d

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Energies Choppy oil prices are offering severe congestion ahead of a major price breakout. Right now the commodity markets are in bull mode and a weak dollar is helping the cause. However, oil prices remain under recent highs, indicating that there is hesitance to break the market out on short ter

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Energies Crude oil is brushing back up near the highs and I suspect that the time to short is now with stops above the highs. Dollar strength is expected and that will likely pressure oil, along with a lack of a real hurricane threat in the Gulf. Natural gas remains a buy with long term deep out o

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My intraday pattern work in Apple (AAPL) argues that the correction of this morning’s high at 266.47 is nearing completion ahead of a resumption of strength that should make its way back towards the 260 and then the 266 intraday target zones. In our Webinar yesterday, whose video clip on Apple

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Gold ETF’s SPDR Gold Trust (GLD) ProShares Ultra Gold (UGL) Market Vectors Gold Miners fund (GDX) Leveraged Gold ETF’s PowerShares DB Gold Double Long ETN (DGP) PowerShares DB Gold Double Short ETN (DZZ) ProShares Ultra Gold (UGL) ProShares Ultra Short Gold (GLL) Inverse (Short) Gold ETF

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General Market Commentary After the release of the 2010 Mid-Year Commodity Review and Forecast Report (http://futurespress.com/mega-forecast3.html), the WCR is finally back from its long hiatus. The key market forecasts – a Japanese Yen bull run and coffee market breakout both continue to off

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