Geopolitics

Although last week six out of six markets went our way, we would have only been able to get into two at the most. Cattle did well, but the and ES went sour. The week still ended with approximately $375.00 to the up side.

This week, most markets have already made moves. However, there are still a few we can work. I have four recommendations. Sugar, Gold, mini Nasdaq(NQ) and 10yr. I like all four.

Good Trading,

Howard

Biggest Jump (+9): ECB President Mario Draghi’s announcement that QE was unlimited helped stocks close higher, and sent the Euro up 9 spots in the rankings with over a 2 handle weekly move higher. Despite making lows under 105 not seen since March, the strong finish gave the Euro nearly a $2,000 VDO edge over the second spot.

Biggest Drop (-10): Copper dropped out of the top 10 after being in the top spot last week. Gold and silver reacted off of jobs and the ECB, but copper could only hold modest gains. Copper continues to test the low $2 level.

For Trade Recommendations associated with the Power Rankings, click here or call your broker. If you’re not yet working with an Index representative, call 800-376-0810 to get started.

Legend:

[  ] – Associated Trade Recommendation

[  ] – Market was UP
[  ] – Market was DOWN
VDO – Last Week’s Price Volatility in dollar terms; or Volatility Dollar Opportunity
              (click here for more on the VDO)
Bias – This Week’s Bias
Rank – Based on VDO
Volatility – Last Week’s Price Volatility

Previously on the Futures Power Rankings:

10/26 – USDA Report Generates Huge Moves

10/12 – Celebrating One Year

10/5 – Metals Back in Focus off Employment Data

The post ECB and US Jobs Data Create Big Moves in Metals and Currency appeared first on Index Futures Group.

Trade Rec Update:

Although small, we had two winners out of two strategies last week (approx. $300-450, total). We suggested to offset both before close on Friday and this week’s rankings supports that due to the change in volatility.

If you are still holding ES or Sugar, we suggest to take the added profit. Sugar has been a nice consistent rally, but only giving us a teaser of profit. Although there is no reversal signal yet in Sugar, it looks as if it is getting top heavy.

For this week, we have three new trades: Natural Gas, Soybeans and a weekly ES option that could take us through the employment number. The ES will also allow us to participate through all of the earnings week. If we don’t hit the objectives earlier, traders should offset by noon Central on Friday.

Biggest Jump (+5): 

Silver and gold round out the top 2 spots, and had the biggest jump for the week, closing down every day but one last week. Since moving above 1180 on October 15^th for the first time since early in the summer, gold has closed lower 11 out of 13 trading days.

Biggest Drop (-7):

The NASDAQ dropped 7 spots in the rankings, closing higher every day except Friday. but failing to gain significant momentum to the upside. The reversal of the NASDAQ has outshined both the S&P and the DOW, making a new high for 2015 on Friday.

For Trade Recommendations associated with the Power Rankings, click here or call your broker. If you’re not yet working with an Index representative, call 800-376-0810 to get started.

Legend:

[  ] – Associated Trade Recommendation

[  ] – Market was UP
[  ] – Market was DOWN
VDO – Last Week’s Price Volatility in dollar terms; or Volatility Dollar Opportunity
              (click here for more on the VDO)
Bias – This Week’s Bias
Rank – Based on VDO
Volatility – Last Week’s Price Volatility

Previously on the Futures Power Rankings:

10/26 – USDA Report Generates Huge Moves

10/12 – Celebrating One Year

10/5 – Metals Back in Focus off Employment Data

The post Futures Power Rankings – Metal and Energies Back in Focus appeared first on Index Futures Group.

“As the world focused on China and the crude market declined in August and September, investors entered the month of October with all the anxiety associated with global turbulence.”
~ Jack Bouroudjian, CEO

See the full article on CNBC.com

The post The Bulls Return as S&P Soars During “ROCKTOBER” appeared first on Index Futures Group.

Friday

7:30am CST
Persoanl Income and Outlays

Employment Cost Index

8:45am CST
Chicago PMI

9:00am CST
Consumer Sentiment

FED- John Williams Speaks

10:25am CST
FED- Esther George Speaks

Noon CS…

The post Economic Calendar: Wednesday, October 7th – Friday, October 9th appeared first on Index Futures Group.

Trade Rec Update: 

Traders,

We showed an immediate winner with sugar last week and then the markets got wild. Beans and crude went our way and flipped around so quickly we were triggered to offset all three markets within a just a few days. Overall the strategies showed a small loss on the week.

This week we have six trade recommendations and the markets are allowing us into three of them right now: 10yr, Soybeans and Crude. All three of which are acceptable risk reward scenarios. Natural gas, Sugar and Hogs may have to wait.

Sugar and Crude oil have less than 11 days till expiration, so if you are not in by the end of trade Wednesday, cancel your orders. Consider the same with beans as they have less than 19 days until expiration.

Over all I like this grouping. If you have any questions, please feel free to contact us.

Good Trading,

Howard

Biggest Jump (+8): Silver jumped back to the top with an 8 spot rally after dropping 8 spots last week. Silver and gold benefitted from a poor jobs number on Friday, as silver took back all its weekly losses on and then some. After dropping under 14.50 on Thursday, silver surged to close the week at 15.235. The flight to safety trade seems to have come back into play, yet the rallies held even after equities finished strong.

Biggest Drop (-3): Copper and the Japanese Yen dropped 3 spots for the week. Volatility in other markets pushed these markets lower, as copper didn’t seem to get the same spike as silver and gold, but still finished strong on the week. The Yen had wild intraday moves last week, but couldn’t seem to find a direction.

For Trade Recommendations associated with the Power Rankings, click here or call your broker. If you’re not yet working with an Index representative, call 800-376-0810 to get started.

Legend:

[  ] – Associated Trade Recommendation

[  ] – Market was UP
[  ] – Market was DOWN
VDO – Last Week’s Price Volatility in dollar terms; or Volatility Dollar Opportunity
              (click here for more on the VDO)
Bias – This Week’s Bias
Rank – Based on VDO
Volatility – Last Week’s Price Volatility

Previously on the Futures Power Rankings:

8/17 – USDA Report Generates Huge Moves

7/24 – Introducing Trade Recommendations

7/6 – Greece and USDA Headline Weekly Moves

6/29 – Grains Move Big Ahead of Acreage Report

6/22 – Metals Jump into Top Three with Dollar Volatility

6/17 – Low Volatility Creates Big Jumps in Rankings

The post Power Rankings: Metals Back in Focus off Employment Data appeared first on Index Futures Group.