OPTIONS PLAY: HOW LOW CAN THE EURO GO?

Direct-312-277-0115, http://www.mmckinneyfutures.com/
First date of publication, 8-26-14

TRADING COMMODITY FUTURES AND OPTIONS INVOLVES SUBSTANTIAL RISK OF LOSS AND MAY NOT BE SUITABLE FOR ALL INVESTORS. YOU SHOULD CAREFULLY CONSIDER WHETHER TRADING IS SUITABLE FOR YOU IN LIGHT OF YOUR CIRCUMSTANCES, KNOWLEDGE AND FINANCIAL RESOURCES.

OPTIONS PLAY: HOW LOW CAN THE EURO GO?

WITH THE 6E MAKING A NEW LOW FOR THE MOVE THE ECB MUST MAKE A DECISION IN MY VIEW.

Fundamentally, there are so many moving parts that could have an impact on the direction of the euro currency futures market. First, we have the fighting at the Ukarainian border that has led to sanctions on both sides meaning the Russian side and the U.S. side. This has been causing problems and could cause more problems for the European economy. Second, there is the question of when the next shoe will drop in terms of which country will have a sovereign debt issue. Next, when will the ECB step in and start a QE program of their own and how much for how long, just the thought of it makes my head spin. Finally, ultimately in my opinion, it’s Germany that holds the cards because they have the money and the strongest economy over there. Will they be willing to help? There are more moving parts like the U.S. Dollar, Gaza, ISIS, Iraq, Syria, and more.

The Subtle Trap of Trading: http://www.zaner.com/offers/?page=10&ap=mmckinne

MY TECHNICAL OPINION

On the chart below I have placed my favorite technical indicators. They are the 9 day Simple Moving Average (SMA, red line), the 20 day Simple Moving Average (SMA, green line), and the 50 day Simple Moving Average (SMA, blue line). I have also added the Bollinger Bands (BB’s, yellow lines) and Candlesticks (red and green bars), each bar represents one day of trading on these daily charts.

MOVING AVERAGE FORMULAS AND STRATEGY GUIDE:
http://www.zaner.com/offers/?page=3&ap=mmckinne

Technically, in looking at my favorite and my most reliable technical indicators, I see September Euro Currency Futures in what I have coined as a “SUPER-TREND” down. In order to achieve a “SUPER-TREND” down here is what I have to see. First I have to see a cross of the 9 day SMA (red line) down and under the 20 day SMA (green line). The cross occurred on about July 15. The second thing I need is for both of the indicators to point on lower angles as the 9 is below the 20 and that took place a couple of days later when the 20 caught up on July 23 and started to point lower. Then finally, the market itself must trade below the 9 day SMA and then the 9 becomes the first area of resistance in a “SUPER-TREND” down market. If you look at the chart below you will see that all of these qualifiers are in place.

You can also see that 50 day SMA (blue line) pointing down sharply to and in my view it won’t belong before the top line of the BB’s (light blue shaded area) starts to point down also. As for the bottom line of the BB’s, it is pointing lower on a very sharp angle too. Even better is that the 6E market challenged the first area of resistance the 9 day SMA and bounced lower keeping the “SUPER-TREND” down in effect.

So my indicators give me clear cut areas of resistance and support. The first area of resistance is the 9 day SMA, next is the 20 day SMA, then the top line of the BB’s, and finally the 50 day SMA. The support lies at the bottom line of the BB’s. Also all three SMA’s the 9, 20, and 50 are all pointing lower on fairly sharp angles which is bearish according to my techs.

However, we are clearly oversold at this time according to my technical indicators as the market is actually trading below the bottom line of the Bollinger Bands (yellow lines). That is my support on the chart. Remember though, it’s been my experience that markets can remain oversold or overbought for long periods of time especially when there is a fundamental basis for it.

I figured this out by placing my favorite indicators on the charts and studying them which I found at: http://www.markethead.com/2.0/free_trial.asp?ap=mmckinne , which is a web application that we have developed for our clients called MARKETHEAD where I get about 80% of all my research from. That means I get both technical and fundamental research from this web app and I am a veteran series 3 Broker of 15 years. So if I’m using it then maybe my readers should check it out. Yes?

Super Trend Simple Moving Average Report:

http://www.zaner.com/offers/?page=4&ap=mmckinne

DAILY SEPTEMBER EURO CURRENCY FUTURES CHART
6EU4-daily-8-26-14

OPTION PLAY:

Potential plays that could be considered here and now would to buy puts in a 3 to 1 ratio with a call as a hedge in case the market rallies drastically against us. Also I would consider selling deep out of the money calls. Remember, when you sell naked options you have unlimited risk and should have a “well-funded” account of risk capital.

For exact details on other types of risk, months, expiration dates, strike prices, and number of positions feel free to contact me at 312-277-0115 or mmckinney@zaner.com. In addition, I am by no means “married” to the silver market. I like to make trade recommendations to my clients in the direction of the existing trend whether the market be the precious metals, energies, currencies, financials, softs, grains and more.

25 Option Strategies: http://www.zaner.com/offers/?page=11&ap=mmckinne

FREE QUOTE- “Success is measured by your discipline and your inner peace.” -Iron Mike Ditka

FUTURES, OPTIONS AND FOREX TRADING IS SPECULATIVE IN NATURE AND INVOLVES SUBSTANTIAL RISK OF LOSS. THESE RECOMMENDATIONS ARE A SOLICITATION FOR ENTERING INTO DERIVATIVES TRANSACTIONS. ALL KNOWN NEWS AND EVENTS HAVE ALREADY BEEN FACTORED INTO THE PRICE OF THE UNDERLYING DERIVATIVES DISCUSSED. FROM TIME TO TIME PERSONS AFFILIATED WITH ZANER, OR ITS ASSOCIATED COMPANIES, MAY HAVE POSITIONS IN RECOMMENDED AND OTHER DERIVATIVES.

FOR CUSTOMERS TRADING OPTIONS, THESE FUTURES CHARTS ARE PRESENTED FOR INFORMATIONAL PURPOSES ONLY. THEY ARE INTENDED TO SHOW HOW INVESTING IN OPTIONS CAN DEPEND ON THE UNDERDLYING FUTURES PRICES; SPECIFICALLY, WHETHER OR NOT AN OPTION PURCHASER IS BUYING AN IN-THE-MONEY, AT-THE-MONEY, OR OUT-OF-THE MONEY OPTION. FURTHERMORE, THE PURCHASER WILL BE ABLE TO DETERMINE WHETHER OR NOT TO EXERCISE HIS RIGHT ON AN OPTION DEPENDING ON HOW THE OPTION’S STICKE PRICE COMPARES TO THE UNDERLYING FUTURE’S PRICE. THE FUTURES CHARTS ARE NOT INTENDED TO IMPLY THAT OPTION PRICES MOVE IN TANDEM WITH FUTURES PRICES. IN FACT OPTIONS PRICES MAY ONLY MOVE A LITTLE.

THE LIMITED RISK CHARACTERISTIC OF OPTIONS REFERS TO LONG OPTIONS ONLY AND REFERS TO THE AMOUNT OF THE LOSS, WHICH IS DEFINED AS THE PREMIUM PAID ON THE OPTION(S) PLUS COMMISSIONS.

OPTIONS PLAY: ARE SOYBEANS READY FOR THE NEXT LEG DOWN?

Direct-312-277-0115, http://www.mmckinneyfutures.com/

TRADING COMMODITY FUTURES AND OPTIONS INVOLVES SUBSTANTIAL RISK OF LOSS AND MAY NOT BE SUITABLE FOR ALL INVESTORS. YOU SHOULD CAREFULLY CONSIDER WHETHER TRADING IS SUITABLE FOR YOU IN LIGHT OF YOUR CIRCUMSTANCES, KNOWLEDGE AND FINANCIAL RESOURCES.
First date of writing: 8/16/14

OPTIONS PLAY: ARE SOYBEANS READY FOR THE NEXT LEG DOWN?

AS SOYBEANS HAVE MADE A FRESH NEW LOW FOR THE MOVE, ARE THEY POISED TO CONTINUE LOWER AS WE HEAD INTO THE HARVEST?

Fundamentally, we are running out of time for a bullish story to develop before the harvest, at least when it comes to the weather. Conditions have been just ideal for soybeans since day one really. I expect that we will continue to see ideal weather for the beans as we head into the harvest, so I really do anticipate one more leg down in prices before farmers get the beans ot of the ground.

When Does Weather Matter: http://www.zaner.com/offers/?page=6&ap=mmckinne
In addition it seems as though exports remain good although economic numbers have not been the greatest in Europe and Japan over the past week. There is also some concern for exports to Russia. The sanctions by Russia and the U.S. do not make it condusive to the easy trade of ags. However, the impact of whether we can actually get our products delivered physically does not change the fact that we are looking at a likely bumber crop and a potential huge supplies of soybeans. Now there could always be issues at harvest time, but for now the bears could remain in control I believe.

Super Trend Simple Moving Average Report:

http://www.zaner.com/offers/?page=4&ap=mmckinne
Technically, I have added my favorite technical indicators to this chart below. They are the 9 (red line), 20 (green line), and the 50 (blue line) day Simple Moving Averages or SMA’s. I have also added Bollinger Bands or BB’s (the light blue shaded area) and Candlesticks (the red and green bars with the wicks, on this daily chart each bar represents a day of trading). These few technical indicators tell me 8-10 different characteristics about the market at a quick glance so I have them saved on my charts in MARKETHEAD, so they can populate a chart at the click of a mouse.

What we have here with the November soybeans first and foremost is a market that has gone from a sideways consolidation mode back to a “SUPER-TREND” down. Why you say? Because the 9 day SMA (red line) is still below the 20 day SMA (green line) and they have gone back to pointing lower while the market is trading below the 9 day SMA. Also we have clear cut resistance areas in my technical opinion; first the 9 day SMA, next the 20 day SMA, third the top line of the BB’s (light blue shaded area), and finally the 50 day SMA.

I figured this out by pulling up and studying a daily chart with my indicators by the click of a mouse which I found at: http://www.markethead.com/2.0/free_trial.asp?ap=mmckinne , which is a web application that we have developed for our clients called MARKETHEAD where I get about 80-85% of all my research from. That means I get both technical and fundamental research from this web app and I am a veteran series 3 Broker of 15 years. So if I’m using it then maybe my reader’s should check it out. Yes?

Options on Beans for People Who Don’t Know Beans About Options: http://www.zaner.com/offers/?page=8&ap=mmckinne
DAILY NOVEMBER SOYBEAN CHART
ZSX4-daily-8-16-14

Another awesome signal that I like to use that is available at MARKETHEAD is what is known as Barchart’s technical “opinion” and it is a conglomeration of many, many technical indicators that are put together to form short, mid, and long term views on any given market selected. If I had to to do this myself it would take hours and hours. Below is the Barchart technical opinion on the November soybeans.

Soybeans November 2014 (CBOT)
[ Futures Prices ] [ Options ] [ Detailed Quote ] [ Technicals ] [ Chart ]
Date Open High Low Last Change Percent
08/15/14 1054-2 1069-0 1047-2 1052-0s -4-0 -0.38%

Composite Indicator Signal
Trend Spotter Sell

Short Term Indicators
7 Day Average Directional Indicator Sell
10 – 8 Day Moving Average Hilo Channel Sell
20 Day Moving Average vs Price Sell
20 – 50 Day MACD Oscillator Sell
20 Day Bollinger Bands® Hold

Short Term Indicators Average: 80% Sell
20-Day Average Volume – 102,051

Medium Term Indicators
40 Day Commodity Channel Index Hold
50 Day Moving Average vs Price Sell
20 – 100 Day MACD Oscillator Sell
50 Day Parabolic Time/Price Sell

Medium Term Indicators Average: 75% Sell
50-Day Average Volume – 93,941

Long Term Indicators
60 Day Commodity Channel Index Hold
100 Day Moving Average vs Price Sell
50 – 100 Day MACD Oscillator Sell

Long Term Indicators Average: 67% Sell
100-Day Average Volume – 63,787

Overall Barchart Opinion: 80% Sell

Price Support Pivot Point Resistance
1052-0s 1043-1 1056-1 1064-7

——————————————————————————–

OPTION PLAY:

I like the idea of buying bear put spreads in a 3 to 1 ratio with a call for a headge. I also like the idea of selling deep out of the money calls to collect option premium. When you sell naked calls you have unlimited risk so it is important to have clear cut exit strategies and a well-funded account in my opinion.

For exact details on strategies, months, expiration dates, strike prices, and number of positions feel free to contact me at 312-277-0115 or mmckinney@zaner.com .

It is also important to note that I am not married to a market, but to trends. So understand that I also make recommendations with options on futures and commodities like the energies, metals, currencies, softs, financials, and more.

25 Option Strategies: http://www.zaner.com/offers/?page=11&ap=mmckinne

FREE QUOTE- “If you wait to do everything until you’re sure it’s right, you’ll probably never do much of anything .” -Win Borden

FUTURES, OPTIONS AND FOREX TRADING IS SPECULATIVE IN NATURE AND INVOLVES SUBSTANTIAL RISK OF LOSS. THESE RECOMMENDATIONS ARE A SOLICITATION FOR ENTERING INTO DERIVATIVES TRANSACTIONS. ALL KNOWN NEWS AND EVENTS HAVE ALREADY BEEN FACTORED INTO THE PRICE OF THE UNDERLYING DERIVATIVES DISCUSSED. FROM TIME TO TIME PERSONS AFFILIATED WITH ZANER, OR ITS ASSOCIATED COMPANIES, MAY HAVE POSITIONS IN RECOMMENDED AND OTHER DERIVATIVES.

FOR CUSTOMERS TRADING OPTIONS, THESE FUTURES CHARTS ARE PRESENTED FOR INFORMATIONAL PURPOSES ONLY. THEY ARE INTENDED TO SHOW HOW INVESTING IN OPTIONS CAN DEPEND ON THE UNDERDLYING FUTURES PRICES; SPECIFICALLY, WHETHER OR NOT AN OPTION PURCHASER IS BUYING AN IN-THE-MONEY, AT-THE-MONEY, OR OUT-OF-THE MONEY OPTION. FURTHERMORE, THE PURCHASER WILL BE ABLE TO DETERMINE WHETHER OR NOT TO EXERCISE HIS RIGHT ON AN OPTION DEPENDING ON HOW THE OPTION’S STICKE PRICE COMPARES TO THE UNDERLYING FUTURE’S PRICE. THE FUTURES CHARTS ARE NOT INTENDED TO IMPLY THAT OPTION PRICES MOVE IN TANDEM WITH FUTURES PRICES. IN FACT OPTIONS PRICES MAY ONLY MOVE A LITTLE.

THE LIMITED RISK CHARACTERISTIC OF OPTIONS REFERS TO LONG OPTIONS ONLY AND REFERS TO THE AMOUNT OF THE LOSS, WHICH IS DEFINED AS THE PREMIUM PAID ON THE OPTION(S) PLUS FEES.

OPTIONS PLAY: UKRAINE TRACKS , ATTACK RUSSIAN TROOPS

CL-5-minute-8-15-14Direct-312-277-0115, http://www.mmckinneyfutures.com/

TRADING COMMODITY FUTURES AND OPTIONS INVOLVES SUBSTANTIAL RISK OF LOSS AND MAY NOT BE SUITABLE FOR ALL INVESTORS. YOU SHOULD CAREFULLY CONSIDER WHETHER TRADING IS SUITABLE FOR YOU IN LIGHT OF YOUR CIRCUMSTANCES, KNOWLEDGE AND FINANCIAL RESOURCES.

First date of writing, 8/15/14

OPTIONS PLAY: UKRAINE TRACKS , ATTACK RUSSIAN TROOPS

RUSSIAN TROOPS CROSSED BORDER, UKRAINE ATTACKED AND RATTLED GOLD AND CRUDE MARKETS.

This morning(8/15/14) at approximately 930 a.m. Chicago time Ukraine attacked Russian troops that had been tracking. Once the Russian troops crossed the border then the attack was on as Ukraine fought back taking out some armed Russian forces.

The concern now is how far will this escalate. Will Putin now say that Ukraine attacked us and officially start a war with Ukraine? Will Russia fight back with air strikes? How far will this go and ultimately how will the markets react?

I can tell you this the Gold and Crude Oil markets were rattled significantly as the news broke that Ukraine officially used force against Russian troops. The 5 minute charts below will show you the action as the news broke.

The Subtle Trap of Trading: http://www.zaner.com/offers/?page=10&ap=mmckinne

I figured this out by placing my favorite indicators on the charts and studying them which I found at: http://www.markethead.com/2.0/free_trial.asp?ap=mmckinne , which is a web application that we have developed for our clients called MARKETHEAD where I get about 85% of all my research from. That means I get both technical and fundamental research from this web app and I am a veteran series 3 Broker of 15 years. So if I’m using it then maybe my readers should check it out. Yes?

5 minute crude oil chart

5 minute gold chart

OPTION PLAY:

For exact details on other types of risk, months, expiration dates, strike prices, and number of positions feel free to contact me at 312-277-0115 or mmckinney@zaner.com. In addition, I am by no means “married” to the silver market. I like to make trade recommendations to my clients in the direction of the existing trend whether the market be the precious metals, energies, currencies, financials, softs, grains and more.

25 Option Strategies: http://www.zaner.com/offers/?page=11&ap=mmckinne

FREE QUOTE- “Success is measured by your discipline and your inner peace.” -Iron Mike Ditka

FUTURES, OPTIONS AND FOREX TRADING IS SPECULATIVE IN NATURE AND INVOLVES SUBSTANTIAL RISK OF LOSS. THESE RECOMMENDATIONS ARE A SOLICITATION FOR ENTERING INTO DERIVATIVES TRANSACTIONS. ALL KNOWN NEWS AND EVENTS HAVE ALREADY BEEN FACTORED INTO THE PRICE OF THE UNDERLYING DERIVATIVES DISCUSSED. FROM TIME TO TIME PERSONS AFFILIATED WITH ZANER, OR ITS ASSOCIATED COMPANIES, MAY HAVE POSITIONS IN RECOMMENDED AND OTHER DERIVATIVES.

FOR CUSTOMERS TRADING OPTIONS, THESE FUTURES CHARTS ARE PRESENTED FOR INFORMATIONAL PURPOSES ONLY. THEY ARE INTENDED TO SHOW HOW INVESTING IN OPTIONS CAN DEPEND ON THE UNDERDLYING FUTURES PRICES; SPECIFICALLY, WHETHER OR NOT AN OPTION PURCHASER IS BUYING AN IN-THE-MONEY, AT-THE-MONEY, OR OUT-OF-THE MONEY OPTION. FURTHERMORE, THE PURCHASER WILL BE ABLE TO DETERMINE WHETHER OR NOT TO EXERCISE HIS RIGHT ON AN OPTION DEPENDING ON HOW THE OPTION’S STICKE PRICE COMPARES TO THE UNDERLYING FUTURE’S PRICE. THE FUTURES CHARTS ARE NOT INTENDED TO IMPLY THAT OPTION PRICES MOVE IN TANDEM WITH FUTURES PRICES. IN FACT OPTIONS PRICES MAY ONLY MOVE A LITTLE.

THE LIMITED RISK CHARACTERISTIC OF OPTIONS REFERS TO LONG OPTIONS ONLY AND REFERS TO THE AMOUNT OF THE LOSS, WHICH IS DEFINED AS THE PREMIUM PAID ON THE OPTION(S) PLUS COMMISSIONS.

Direct-312-277-0115, http://www.mmckinneyfutures.com/

TRADING COMMODITY FUTURES AND OPTIONS INVOLVES SUBSTANTIAL RISK OF LOSS AND MAY NOT BE SUITABLE FOR ALL INVESTORS. YOU SHOULD CAREFULLY CONSIDER WHETHER TRADING IS SUITABLE FOR YOU IN LIGHT OF YOUR CIRCUMSTANCES, KNOWLEDGE AND FINANCIAL RESOURCES.
First date of writing: 8/15/14

OPTIONS PLAY: UKRAINE TRACKS , ATTACK RUSSIAN TROOPS

RUSSIAN TROOPS CROSSED BORDER, UKRAINE ATTACKED AND RATTLED GOLD AND CRUDE MARKETS.

This morning at approximately 930 a.m. Chicago time Ukraine attacked Russian troops that had been tracking. Once the Russian troops crossed the border then the attack was on as Ukraine fought back taking out some armed Russian forces.

The concern now is how far will this escalate. Will Putin now say that Ukraine attacked us and officially start a war with Ukraine? Will Russia fight back with air strikes? How far will this go and ultimately how will the markets react?

I can tell you this the Gold and Crude Oil markets were rattled significantly as the news broke that Ukraine officially used force against Russian troops. The 5 minute charts below will show you the action as the news broke.

The Subtle Trap of Trading: http://www.zaner.com/offers/?page=10&ap=mmckinne

I figured this out by placing my favorite indicators on the charts and studying them which I found at: http://www.markethead.com/2.0/free_trial.asp?ap=mmckinne , which is a web application that we have developed for our clients called MARKETHEAD where I get about 85% of all my research from. That means I get both technical and fundamental research from this web app and I am a veteran series 3 Broker of 15 years. So if I’m using it then maybe my readers should check it out. Yes?

5 minute crude oil chart
CL-5-minute-8-15-14

5 minute gold chart
GC-20minute-8-15-14

OPTION PLAY:

For exact details on other types of risk, months, expiration dates, strike prices, and number of positions feel free to contact me at 312-277-0115 or mmckinney@zaner.com. In addition, I am by no means “married” to the silver market. I like to make trade recommendations to my clients in the direction of the existing trend whether the market be the precious metals, energies, currencies, financials, softs, grains and more.

25 Option Strategies: http://www.zaner.com/offers/?page=11&ap=mmckinne

FREE QUOTE- “Success is measured by your discipline and your inner peace.” -Iron Mike Ditka

FUTURES, OPTIONS AND FOREX TRADING IS SPECULATIVE IN NATURE AND INVOLVES SUBSTANTIAL RISK OF LOSS. THESE RECOMMENDATIONS ARE A SOLICITATION FOR ENTERING INTO DERIVATIVES TRANSACTIONS. ALL KNOWN NEWS AND EVENTS HAVE ALREADY BEEN FACTORED INTO THE PRICE OF THE UNDERLYING DERIVATIVES DISCUSSED. FROM TIME TO TIME PERSONS AFFILIATED WITH ZANER, OR ITS ASSOCIATED COMPANIES, MAY HAVE POSITIONS IN RECOMMENDED AND OTHER DERIVATIVES.

FOR CUSTOMERS TRADING OPTIONS, THESE FUTURES CHARTS ARE PRESENTED FOR INFORMATIONAL PURPOSES ONLY. THEY ARE INTENDED TO SHOW HOW INVESTING IN OPTIONS CAN DEPEND ON THE UNDERDLYING FUTURES PRICES; SPECIFICALLY, WHETHER OR NOT AN OPTION PURCHASER IS BUYING AN IN-THE-MONEY, AT-THE-MONEY, OR OUT-OF-THE MONEY OPTION. FURTHERMORE, THE PURCHASER WILL BE ABLE TO DETERMINE WHETHER OR NOT TO EXERCISE HIS RIGHT ON AN OPTION DEPENDING ON HOW THE OPTION’S STICKE PRICE COMPARES TO THE UNDERLYING FUTURE’S PRICE. THE FUTURES CHARTS ARE NOT INTENDED TO IMPLY THAT OPTION PRICES MOVE IN TANDEM WITH FUTURES PRICES. IN FACT OPTIONS PRICES MAY ONLY MOVE A LITTLE.

THE LIMITED RISK CHARACTERISTIC OF OPTIONS REFERS TO LONG OPTIONS ONLY AND REFERS TO THE AMOUNT OF THE LOSS, WHICH IS DEFINED AS THE PREMIUM PAID ON THE OPTION(S) PLUS COMMISSIONS.

OPTIONS PLAY: WHAT IMPACT WILL AIR STRIKES ON IRAQ HAVE ON CRUDE OIL PRICES?

Direct-312-277-0115, http://www.mmckinneyfutures.com/

TRADING COMMODITY FUTURES AND OPTIONS INVOLVES SUBSTANTIAL RISK OF LOSS AND MAY NOT BE SUITABLE FOR ALL INVESTORS. YOU SHOULD CAREFULLY CONSIDER WHETHER TRADING IS SUITABLE FOR YOU IN LIGHT OF YOUR CIRCUMSTANCES, KNOWLEDGE AND FINANCIAL RESOURCES.

Forst date of writing, 8/11/14

OPTIONS PLAY: WHAT IMPACT WILL AIR STRIKES ON IRAQ HAVE ON CRUDE OIL PRICES?

WHERE DO YOU SEE RESISTANCE IN SEPTEMBER CRUDE $98.32/BARREL OR $100.19/BARREL?

Fundamentally, the fact that the President OK’ed air strikes on Iraq could actually be bearish or supportive to CL prices. That and the fact that the Russian invasion of Ukraine is simmering down or at least it’s not front page news that trader’s are reading for now seems to be keeping prices in check.

The Subtle Trap of Trading: http://www.zaner.com/offers/?page=10&ap=mmckinne

MY TECHNICAL OPINION

On the chart below I have placed my favorite technical indicators. They are the 9 day Simple Moving Average (SMA, red line), the 20 day Simple Moving Average (SMA, green line), and the 50 day Simple Moving Average (SMA, blue line). I have also added the Bollinger Bands (BB’s, yellow lines) and Candlesticks (red and green bars), each bar represents one day of trading on these daily charts.

To qualify for a “SUPER-TREND” down and a full blown sell signal here is what I need. I need the 9 day SMA (red line) to move down and under the 20 day SMA (green line) as both indicators point lower and the market trades below the 9 day SMA. I have that on the chart below.

MOVING AVERAGE FORMULAS AND STRATEGY GUIDE:

http://www.zaner.com/offers/?page=3&ap=mmckinne

Technically, in looking at my favorite and my most reliable technical indicators, I see September crude oil in what I have coined as a “SUPER-TREND” down. In order to achieve a “SUPER-TREND” down here is what I have to see. First I have to see a cross of the 9 day SMA (red line) down and under the 20 day SMA ( green line). The cross occurred on about July 8. The second thing I need is for both of the indicators to point on lower angles as the 9 is below the 20 and that took place a couple of days later when the 20 caught up on July 11 and started to point lower. Then finally, the market itself must trade below the 9 day SMA and then the 9 becomes the first area of resistance in a “SUPER-TREND” down market. If you look at the chart below you will see that all of these qualifiers are in place.

However, Friday’s trading session had trader’s pushing crude oil all the way up to that first area of resistance in my opinion at around $98.32/barrel where the 9 day SMA is at. The second area of resistance according to my indicators is at the 20 day SMA around $100.19/barrel. The good news is that from a technical stand point the 9 day held beautifully as the market bounced off of the indicator and fell lower to close at $97.65/barrel for the week.

You can also see that 50 day SMA ( blue line ) is starting to curl down to and in my view it won’t belong before the top line of the BB’s (light blue shaded area ) starts to point down also. As for the bottom line of the BB’s, it is pointing lower on a very sharp angle and if there was any support on this chart that would be it.

I figured this out by placing my favorite indicators on the charts and studying them which I found at: http://www.markethead.com/2.0/free_trial.asp?ap=mmckinne , which is a web application that we have developed for our clients called MARKETHEAD where I get about 85% of all my research from. That means I get both technical and fundamental research from this web app and I am a veteran series 3 Broker of 15 years. So if I’m using it then maybe my readers should check it out. Yes?

Super Trend Simple Moving Average Report:

http://www.zaner.com/offers/?page=4&ap=mmckinne

DAILY SEPTEMBER CRUDE OIL CHART
cl-DAILY-8-14-14

OPTION PLAY:

Potential plays that could be considered here and now would to buy bear put spreads with a call as a hedge in case the market rallies drastically against us. Also I would consider selling deep out of the money calls. Remember, when you sell naked options you have unlimited risk and should have a “well-funded” account of risk capital.

For exact details on other types of risk, months, expiration dates, strike prices, and number of positions feel free to contact me at 312-277-0115 or mmckinney@zaner.com. In addition, I am by no means “married” to the silver market. I like to make trade recommendations to my clients in the direction of the existing trend whether the market be the precious metals, energies, currencies, financials, softs, grains and more.

25 Option Strategies: http://www.zaner.com/offers/?page=11&ap=mmckinne

FREE QUOTE- “Success is measured by your discipline and your inner peace.” -Iron Mike Ditka

FUTURES, OPTIONS AND FOREX TRADING IS SPECULATIVE IN NATURE AND INVOLVES SUBSTANTIAL RISK OF LOSS. THESE RECOMMENDATIONS ARE A SOLICITATION FOR ENTERING INTO DERIVATIVES TRANSACTIONS. ALL KNOWN NEWS AND EVENTS HAVE ALREADY BEEN FACTORED INTO THE PRICE OF THE UNDERLYING DERIVATIVES DISCUSSED. FROM TIME TO TIME PERSONS AFFILIATED WITH ZANER, OR ITS ASSOCIATED COMPANIES, MAY HAVE POSITIONS IN RECOMMENDED AND OTHER DERIVATIVES.

FOR CUSTOMERS TRADING OPTIONS, THESE FUTURES CHARTS ARE PRESENTED FOR INFORMATIONAL PURPOSES ONLY. THEY ARE INTENDED TO SHOW HOW INVESTING IN OPTIONS CAN DEPEND ON THE UNDERLYING FUTURES PRICES; SPECIFICALLY, WHETHER OR NOT AN OPTION PURCHASER IS BUYING AN IN-THE-MONEY, AT-THE-MONEY, OR OUT-OF-THE MONEY OPTION. FURTHERMORE, THE PURCHASER WILL BE ABLE TO DETERMINE WHETHER OR NOT TO EXERCISE HIS RIGHT ON AN OPTION DEPENDING ON HOW THE OPTION’S STRIKE PRICE COMPARES TO THE UNDERLYING FUTURE’S PRICE. THE FUTURES CHARTS ARE NOT INTENDED TO IMPLY THAT OPTION PRICES MOVE IN TANDEM WITH FUTURES PRICES. IN FACT OPTIONS PRICES MAY ONLY MOVE A LITTLE.

THE LIMITED RISK CHARACTERISTIC OF OPTIONS REFERS TO LONG OPTIONS ONLY AND REFERS TO THE AMOUNT OF THE LOSS, WHICH IS DEFINED AS THE PREMIUM PAID ON THE OPTION(S) PLUS COMMISSIONS.

OPTIONS PLAY: HAS DECEMBER CORN FOUND A BOTTOM YET?

Direct-312-277-0115, http://www.mmckinneyfutures.com/
FIRST DATE OF WRITING-8/8/14

TRADING COMMODITY FUTURES AND OPTIONS INVOLVES SUBSTANTIAL RISK OF LOSS AND MAY NOT BE SUITABLE FOR ALL INVESTORS. YOU SHOULD CAREFULLY CONSIDER WHETHER TRADING IS SUITABLE FOR YOU IN LIGHT OF YOUR CIRCUMSTANCES, KNOWLEDGE AND FINANCIAL RESOURCES.

OPTIONS PLAY: HAS DECEMBER CORN FOUND A BOTTOM YET?

HOW IMPORTANT IS THE AUGUST 12TH U.S.D.A. REPORT TO THE CORN MARKET?

Fundamentally, overall we are in a weather market and we have system that just crawled over the Kansas City, MO area. The system dropped the following amount of precipitation according to weatherblog.kshb.com.

Rainfall amounts:

Leavenworth, KS: 2.80″
Grain Valley, MO: 1.87″
Lee’s Summit, MO: 1.80″
KCI Airport, MO: 1.29″
Johnson County Executive Airport, KS: 1.19″
Overland Park South, KS: 1.01″
New Century Airport, Gardner, KS: 0.74″
St. Joseph, MO: 0.41″

This system seems to be moving east to northeast and that means rain in central IL could be right around the corner. That would just perfect for what appears to be a bountiful corn crop already. In fact some analyst are talking record crops this year for corn. Up until recently prices have acted accordingly dropping fast and furious.

Then of course we have the Tuesday August 12 USDA supply/demand and crop production reports coming out at 11 am Chicago time. These reports, according to Hightower commentary will be critical as the Friday morning commentary stated, “All roads lead to the USDA report next week and traders see corn yield at 170.1 bushels per acre, up from 165.3 in July and a range of 168-174.8. Production is estimated at 14.253 billion bushels, up from 13.860 billion in July and a range of 13.988-14.778 billion.” Just like any report I have witnessed over my fifteen years in this business it’s based on the expectations vs. the actual report that could effect prices.

When Does Weather Matter: http://www.zaner.com/offers/?page=6&ap=mmckinne

Technically, I have added my favorite technical indicators to this chart below. They are the 9 (red line), 20 (green line), and the 50 (blue line) day Simple Moving Averages or SMA’s. I have also added Bollinger Bands or BB’s (the light blue shaded area) and Candlesticks (the red and green bars with the wicks, on this daily chart each bar represents a day of trading). These few technical indicators tell me 8-10 different characteristics about the market at a quick glance so I have them saved on my charts in MARKETHEAD, so they can populate a chart at the click of a mouse.

The most important technical item that these indicators and this charts shows me is that maybe there is a bottom being put into place because now we have the market finding some support with the market making a low of around $3.61 /bushel on more than one occasion over the last week. In addition, the 9 day SMA is starting to move sideways instead of down and the market has pierced above the red line indicator on the charts on more than one occasion recently. Finally, since I had the 9 day SMA pegged as the first area of resistance I see a change in trend in the near term.

I figured this out by going back and forth from a daily to a weekly chart by the click of a mouse which I found at: http://www.markethead.com/2.0/free_trial.asp?ap=mmckinne , which is a web application that we have developed for our clients called MARKETHEAD where I get about 80-85% of all my research from. That means I get both technical and fundamental research from this web app and I am a veteran series 3 Broker of 15 years. So if I’m using it then maybe my reader’s should check it out. Yes?

DAILY CORN CHART
ZC-daily-8-14-14

OPTION PLAY:

For exact details on strategies, months, expiration dates, strike prices, and number of positions feel free to contact me at 312-277-0115 or mmckinney@zaner.com .

It is also important to note that I am not married to a market, but to trends. So I make recommendations with options on futures and commodities like the energies, metals, currencies, softs, financials, and more.

25 Option Strategies: http://www.zaner.com/offers/?page=11&ap=mmckinne

FREE QUOTE- “If you wait to do everything until you’re sure it’s right, you’ll probably never do much of anything .” -Win Borden

FUTURES, OPTIONS AND FOREX TRADING IS SPECULATIVE IN NATURE AND INVOLVES SUBSTANTIAL RISK OF LOSS. THESE RECOMMENDATIONS ARE A SOLICITATION FOR ENTERING INTO DERIVATIVES TRANSACTIONS. ALL KNOWN NEWS AND EVENTS HAVE ALREADY BEEN FACTORED INTO THE PRICE OF THE UNDERLYING DERIVATIVES DISCUSSED. FROM TIME TO TIME PERSONS AFFILIATED WITH ZANER, OR ITS ASSOCIATED COMPANIES, MAY HAVE POSITIONS IN RECOMMENDED AND OTHER DERIVATIVES.

FOR CUSTOMERS TRADING OPTIONS, THESE FUTURES CHARTS ARE PRESENTED FOR INFORMATIONAL PURPOSES ONLY. THEY ARE INTENDED TO SHOW HOW INVESTING IN OPTIONS CAN DEPEND ON THE UNDERDLYING FUTURES PRICES; SPECIFICALLY, WHETHER OR NOT AN OPTION PURCHASER IS BUYING AN IN-THE-MONEY, AT-THE-MONEY, OR OUT-OF-THE MONEY OPTION. FURTHERMORE, THE PURCHASER WILL BE ABLE TO DETERMINE WHETHER OR NOT TO EXERCISE HIS RIGHT ON AN OPTION DEPENDING ON HOW THE OPTION’S STRIKE PRICE COMPARES TO THE UNDERLYING FUTURE’S PRICE. THE FUTURES CHARTS ARE NOT INTENDED TO IMPLY THAT OPTION PRICES MOVE IN TANDEM WITH FUTURES PRICES. IN FACT OPTIONS PRICES MAY ONLY MOVE A LITTLE.

THE LIMITED RISK CHARACTERISTIC OF OPTIONS REFERS TO LONG OPTIONS ONLY AND REFERS TO THE AMOUNT OF THE LOSS, WHICH IS DEFINED AS THE PREMIUM PAID ON THE OPTION(S) PLUS FEES.

OPTIONS PLAY: DO YOU WANT MY TOP 3 “FUNDAMENTAL” REASONS TO BE A CRUDE OIL BEAR?

CRUDE-DAILY-8-2-14Direct-312-277-0115, http://www.mmckinneyfutures.com/

TRADING COMMODITY FUTURES AND OPTIONS INVOLVES SUBSTANTIAL RISK OF LOSS AND MAY NOT BE SUITABLE FOR ALL INVESTORS. YOU SHOULD CAREFULLY CONSIDER WHETHER TRADING IS SUITABLE FOR YOU IN LIGHT OF YOUR CIRCUMSTANCES, KNOWLEDGE AND FINANCIAL RESOURCES.

OPTIONS PLAY: DO YOU WANT MY TOP 3 “FUNDAMENTAL” REASONS TO BE A CRUDE OIL BEAR?

HAVE YOU EVER WTNESSED A “FALLING KNIFE” IN A MARKET?

The top three “fundamental” reasons that I’m a crude oil bear are:

1) Weak fundamentals, such as a curb in demand.

2) Sanctions against Russia, seemingly, can only hurt the overall economy in that part of the world as well in Europe.

3) Even with bullish news, like the GDP number and a fire at a big refinery fire in Kansas, prices keep falling.

The Subtle Trap of Trading: http://www.zaner.com/offers/?page=10&ap=mmckinne

MY TECHNICAL OPINION ( I couldn’t resist)

On the chart below I have placed my favorite technical indicators. They are the 9 day Simple Moving Average (SMA, red line), the 20 day Simple Moving Average (SMA, green line), and the 50 day Simple Moving Average (SMA, blue line). I have also added the Bollinger Bands (BB’s, yellow lines) and Candlesticks (red and green bars), each bar represents one day of trading on these daily charts.

To qualify for a “Super-Trend” down and a full blown sell signal here is what I need. I need the 9 day SMA (red line) to move down and under the 20 day SMA (green line) as both indicators point lower and the market trades below the 9 day SMA. I have that on the chart below.

MOVING AVERAGE FORMULAS AND STRATEGY GUIDE:

http://www.zaner.com/offers/?page=3&ap=mmckinne

Technically, in looking at my favorite and my most reliable technical indicators, I see November crude oil in what I have coined as a “SUPER-TREND” down. In order to achieve a “SUPER-TREND” down here is what I have to see. First I have to see a cross of the 9 day SMA (red line) down and under the 20 day SMA ( green line). The cross occurred on about July 8. The second thing I need is for both of the indicators to point on lower angles as the 9 is below the 20 and that took place a couple of days later when the 20 caught up on July 11 and started to point lower. Then finally, the market itself must trade below the 9 day SMA and then the 9 becomes the first area of resistance in a “SUPER-TREND” down market. If you look at the chart below you will see that all of these qualifiers are in place.

The other indicators come into play here as well, for example the bottom line of the Bollinger Bands (light blue shaded area) is pointing almost straight down and I consider this indicator my support. Yes we are below it now so one could say we are oversold and the market should bounce. However, remember that markets can remain oversold for long periods of time in my opinion, especially if all other aspects to the trade have strong bearish characteristrics, ie..outside markets, the middle east, and good ‘ol fashioned supply and demand.

You can also see that 50 day SMA ( blue line ) is starting to curl down too and in my view it won’t belong before the top line of the BB’s (light blue shaded area ) starts to point down also.

I figured this out by placing my favorite indicators on the charts and studying them which I found at: http://www.markethead.com/2.0/free_trial.asp?ap=mmckinne , which is a web application that we have developed for our clients called MARKETHEAD where I get about 85% of all my research from. That means I get both technical and fundamental research from this web app and I am a veteran series 3 Broker of 15 years. So if I’m using it then maybe my readers should check it out. Yes?

Super Trend Simple Moving Average Report:

http://www.zaner.com/offers/?page=4&ap=mmckinne

DAILY NOVEMBER CRUDE OIL CHART

OPTION PLAY:

Potential plays that could be considered here and now would to buy bear put spreads with a call as a hedge in case the market rallies drastically against us. Also I would consider selling deep out of the money calls. Remember, when you sell naked options you have unlimited risk and should have a “well-funded” account of risk capital.

For exact details on other types of risk, months, expiration dates, strike prices, and number of positions feel free to contact me at 312-277-0115 or mmckinney@zaner.com. In addition, I am by no means “married” to the silver market. I like to make trade recommendations to my clients in the direction of the existing trend whether the market be the precious metals, energies, currencies, financials, softs, grains and more.

25 Option Strategies: http://www.zaner.com/offers/?page=11&ap=mmckinne

FREE QUOTE- “Success is measured by your discipline and your inner peace.” -Iron Mike Ditka

FUTURES, OPTIONS AND FOREX TRADING IS SPECULATIVE IN NATURE AND INVOLVES SUBSTANTIAL RISK OF LOSS. THESE RECOMMENDATIONS ARE A SOLICITATION FOR ENTERING INTO DERIVATIVES TRANSACTIONS. ALL KNOWN NEWS AND EVENTS HAVE ALREADY BEEN FACTORED INTO THE PRICE OF THE UNDERLYING DERIVATIVES DISCUSSED. FROM TIME TO TIME PERSONS AFFILIATED WITH ZANER, OR ITS ASSOCIATED COMPANIES, MAY HAVE POSITIONS IN RECOMMENDED AND OTHER DERIVATIVES.

FOR CUSTOMERS TRADING OPTIONS, THESE FUTURES CHARTS ARE PRESENTED FOR INFORMATIONAL PURPOSES ONLY. THEY ARE INTENDED TO SHOW HOW INVESTING IN OPTIONS CAN DEPEND ON THE UNDERDLYING FUTURES PRICES; SPECIFICALLY, WHETHER OR NOT AN OPTION PURCHASER IS BUYING AN IN-THE-MONEY, AT-THE-MONEY, OR OUT-OF-THE MONEY OPTION. FURTHERMORE, THE PURCHASER WILL BE ABLE TO DETERMINE WHETHER OR NOT TO EXERCISE HIS RIGHT ON AN OPTION DEPENDING ON HOW THE OPTION’S STICKE PRICE COMPARES TO THE UNDERLYING FUTURE’S PRICE. THE FUTURES CHARTS ARE NOT INTENDED TO IMPLY THAT OPTION PRICES MOVE IN TANDEM WITH FUTURES PRICES. IN FACT OPTIONS PRICES MAY ONLY MOVE A LITTLE.

THE LIMITED RISK CHARACTERISTIC OF OPTIONS REFERS TO LONG OPTIONS ONLY AND REFERS TO THE AMOUNT OF THE LOSS, WHICH IS DEFINED AS THE PREMIUM PAID ON THE OPTION(S) PLUS COMMISSIONS.