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.

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.

OPTONS PLAY: WILL BEANS PUSH THROUGH RESISTANCE?

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.

OPTONS PLAY: WILL BEANS PUSH THROUGH RESISTANCE?

HOW LONG CAN THE FIRST AREA OF RESISTANCE ON THE BEAN CHART HOLD?

Fundamentally even the grains bounced around yesterday on the news of the Malaysian flight shot down over the war torn area near Ukraine/Russia. The September soybeans which I am following closely had about a 29 cent/bushel trading range. They ended the day down about 3 cents, after rallying up over 25 cents/bushel right on the news.

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.

My favorite technical indicators show me that soybeans are still in a “SUPER-TREND” down. This happens when the 9 day SMA (red line) crosses down and under the 20 day SMA (green line) as both indicators point lower while the market trades below the 9 day SMA. We have that now, but the market continues to bump up against the 9 day SMA and even traded above it yesterday. However we closed below it and we are below now as you see on the chart below.

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?

Options on Beans for People Who Don’t Know Beans About Options: http://www.zaner.com/offers/?page=8&ap=mmckinne

DAILY SOYBEAN CHART
ZSU4-DAILY-7-18-14

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 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: HOW FAR CAN THIS BREAK OUT HIGHER IN GOLD TAKE US?

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.

OPTIONS PLAY: HOW FAR CAN THIS BREAK OUT HIGHER IN GOLD TAKE US?

AFTER A BRIEF PERIOD OF CONSOLIDATION IN THE COMEX GOLD MARKET, HOW HIGH CAN THIS BULLISH BREAK OUT TAKE THE MARKET?

Fundamentally, from what I am reading here today it is problems everywhere from Europe to the Far East to the Middle East that could be causing the break out in the Gold markets. Currently at the time of this writing July 10, 10:36 a.m. I have a high in the October Gold of $1347/ounce with the market up $14.30/ounce at $1339.30/ounce. So at one time we were up over $20/ounce on the day.

The problems in Europe as far as I can tell are coming from one of Portugal’s largest banks and some serious debt concerns. According to one of my favorite fundamental new sites Bloomberg, “….Portugal’s central bank said Banco Espirito Santo SA is protected after its parent missed debt payments, Moody’s Investors Service downgraded a company in the group citing a lack of transparency and links to other companies.” All in all, it sounds pretty shady to me. This in my view, just adds fuel to the fire of the sovereign debt issues in many of Europe’s nations.

In terms of the Far East the Nikkei in Japan was off due to a weak economic report regarding machinery orders. Also China’s markets were lower as well. Then of course we have the ongoing tension in Ukraine and the Gaza strip.

Fifty Most Common Reasons Why Most Futures Traders Lose Money:

http://www.zaner.com/offers/?page=7&ap=mmckinne

From a technical standpoint, right off the bat I see a break out to the upside after a period of sideways action. This to me is bullish. As they say “markets come out of consolidation the way they came in”, and that is the case here as Gold was moving higher before it settled into this consolidation mode. I have highlighted this consolidation area on the chart below by using two royal blue arrows. Of course now the question is, will it continue higher? Of course the “gold bug” in me says it will and for that matter so does the chart below, as we have clearly broken out of the range to the upside.

On the chart below, I have placed my favorite technical indicators. 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.

This move alone today as placed the market in a “SUPER-TREND” higher. To qualify for a “SUPER-TREND” up and a full blown buy signal here is what I need. I need the 9 day SMA (red line) to move up and over the 20 day SMA (green line) as both indicators point higher and the market trades above the 9 day SMA. We have that here as you can see on the chart below.

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 OCTOBER GOLD CHART
GC-DAILY-OCT-7-10-14

Chart by ESIGNAL

OPTION PLAY:

I like the idea of buying bull call spreads in GC in a 3 to 1 ratio with a put for a hedge or “insurance” in case the market unravels and falls drastically.

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 gold 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: HOW LONG CAN THE GRIND LOWER IN CRUDE OIL CONTINUE?

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.

OPTIONS PLAY: HOW LONG CAN THE GRIND LOWER IN CRUDE OIL CONTINUE?

AS FAR AS THE FUNDAMENTALS AND TECHNICALS ARE CONSIDERED IN THE CRUDE OIL MARKET, HOW FAR DO WE THINK CRUDE OIL CAN FALL?

Fundamentally, I believe there are 3 major reasons why crude oil prices will move lower to sideways for the most part over the next 60 days or so.

1. The al-Qaeda insurgency in Iraq has not made it and does no look like it will make it to the south of Iraq were three quaters of the countries oil is produced.

2. There is still more than 380 million barrels of crude oil supplies here in the U.S. which is substantial in my view.

3. Finally, I don’t think we will see the big drop in supplies this year after the big July 4 weekend. For example, the American Petroleum Institute (API) today (July 8) showed a 1.7 million barrel draw down. That is after typically, the biggest driving weekend of the summer. Well, we will see what the Energy Information Agency (EIA) says tommorrow at 9:30 am Chicago time. I believe it will be bearish to neutral.

MOVING AVERAGE FORMULAS AND STRATEGY GUIDE:

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Technically, in my opinion we are on the verge of a full blown “SUPER-TREND” down. As always, I have added my favorite technical indicators to the daily crude oil chart. The 9, 20, and 50 day Simple Moving Averages (SMA’s), the Bollinger Bands (yellow lines), and finally the Candlesticks formation chart (red and green bars, each represents one day).

Now the reason that this market is on the verge of a full blown “SUPER-TREND” down is this; the 9 day SMA (red line) has crossed down and under the 20 day SMA (green line) as the 9 day SMA points lower on a very sharp angle and the market itself trades below the 9 and uses it has resistance. The only reason the market is not in a full blown “SUPER-TREND” down is because of the 20 day SMA (green line) it is still pointing slightly higher. However, I do not see this lasting for long and I do have a sell here and I am bearish technically.

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?

Super Trend Simple Moving Average Report:

http://www.zaner.com/offers/?page=4&ap=mmckinne
CL-DAILY-SEP-7-8-14

Chart By ESIGNAL

OPTION PLAY:

I pride myself on being a “trend trader” and trying to make recommendations to my clients with options that place us in the direction of the existing trend, which in this case is clearly down.

I would recommend buying puts or put spreads with a call for a hedge or “insurance” in a 3 to 1 ratio. I would also recommend selling deep out of the money calls as well.

Remember, when you sell naked options you have unlimited risk and should have a “well funded” account of risk capital. For exact details on months, expiration dates, strike prices, and number of positions feel free to contact me at 312-277-0115 or mmckinney@zaner.com

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

FREE QUOTE- “Rule No. 1: Never lose money. Rule No. 2: Never forget rule No. 1″- Warren Buffett

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: IS SILVER STRONGER THAN GOLD?

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.

OPTIONS PLAY: IS SILVER STRONGER THAN GOLD?

IS IT TRUE THAT SILVER COULD HAVE MORE UPSIDE THAN GOLD OVER THE LONG HAUL?

SILVER FUNDAMENTALS

From a fundamental standpoint, Comex silver futures have been considered everything from a safe-haven, a flight to quality, a hedge against inflation, a counter trade to the USD, even a riskier asset at times, and an industrial metal. So it can be difficult to determine what will make this market move fundamentally. I embrace the challenge and I am constantly trying to determine what “fundamental mood” silver will be in on any given day.

I read a great article on June 27th on Marketwatch titled, Why silver’s outperforming gold and isn’t done yet and I found this article extremely useful in determining the “fundamental mood” of silver for now at least. The first sentence read, “Silver has quietly scored double the percentage gains of gold this month, and prices for silver probably haven’t topped out for the year.” Certainly that is a bullish statement and I agree because the quote, unquote move it has already made has been relatively quiet to this point. The “move” I speak of started back on June 5th when July silver bottomed out at about $18.67/ounce to a high on June 24th of about $21.17/ounce. That’s about a $2.50/ounce move in roughly 19 days…..wow!

This Marketwatch article offered some great statistics as well, “Tracking the most-active futures contracts, silvers prices…have gained roughly 13% month to date, compared with gold’s…..6% climb.” Further on, “Silver is priced as if it’s much more common than gold, but it may be much rarer than the price suggests….silver may also become even more important as an industrial metal, causing a supply shortage.” Well there you have it, if there is a shortage of supply due to manufacturing increases and silver’s uses as an energy and heat conductor, fundamentally that could be very bullish.

Fifty Most Common Reasons Why Most Futures Traders Lose Money:

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SILVER TECHNICALS

On the charts below I have placed my favorite technical indicators. We have 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. In addition, I have drawn a couple of blue arrow lines to identify a channel.

This market is in what I have “coined” a “SUPER-TREND” up. Trend” up and a full blown buy signal here is what I need. I need the 9 day SMA (red line) to move up and over the 20 day SMA (green line) as both indicators point higher and the market trades above the 9 day SMA. We have that here. The cross of the 9 day SMA and the 20 day SMA happened on Junme 13th, but my full blown buy signal occurred on June 19th because the 20 day SMA didn’t start to point up until then. I am also seeing some bullish characteristics on a weekly and monthly chart, but that’s for another day.

So now I have 5 out of 5 of my technical indicators pointing up on very sharp angles and in my view this market is not overbought, but a healthy bull market. Let me explain, the top line of the BB’s (yellow line), the 9 day SMA (red line), the 20 day SMA (green line), the 50 day SMA (blue line) and finally the bottom line of the BB’s (yellow line) is curling up. The reason the market is not overbought in my view is because we have fallen back off of the top line of the BB’s and have come very close to touching the 9 day SMA which must remain as support to keep the “SUPER-TREND” in full effect.

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 reader’s should check it out. Yes?

Super Trend Simple Moving Average Report:

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

DAILY SEPTEMBER SILVER CHART
silver-sep-daily-6-27-14

Chart by ESIGNAL

OPTION PLAY:

Since I am bullish on this market a potential play good be to buy in a 3 to 1 ratio silver calls or silver bull call spreads with a silver put for a hedge or protection in case the trend changes dramatically to the downside.

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 AND FEES.