Markets Turn

After yet another day with heavy volatility, gold and EC are headed higher as suggested earlier. It is certainly hard to pick stop levels some times and that's the best time to consider long options. The bid/offers are wider but at least you can ride through some of the short term volatility without getting stopped out.



In general, the stock indexes, crude, gold, and all the currencies except the yen have tended to move together while the dollar index, yen futures, and to a lesser extent the ten year notes move in the other. Today those relationships are working agian but in reverse directions since election day.

There is a substantial risk of loss in trading commodity futures, options and foreign exchange products. Past performance is not indicative of future results