Summer Trading Sessions

Again this summer I am offering private trading sessions (1 or 2 persons) at our summer home on Dorval Island (30 minutes from downtown Montreal). During this 5 day immersion session you will learn our trading and market analysis techniques and work with us as we produce our trade plan for the week ahead.

As our guests you will stay in a deluxe private suite and be provided all food and refreshments services. Our summer home is located on Dorval Island, Canada's smallest seasonal island community comprised on only 58 cottages. Truly a unique environment, Dorval Island is a quiet retreat free from automobiles and city life. Our lake front house provides beautiful views and the perfect environment for trading and relaxation. See photos on the right panel.

All sessions for 2008 are booked. Contact us to reserve for 2009 201 467 4846

Cost: $6000 CAN (for 1 or 2 persons double occupancy)

Wednesday April 2, 2008

Bernake to testify on economic outlook this morning in Washington. The tone of his remarks will likely move markets indexes today. Commodities show some gains over night in Europe and yesterday's price action suggests the correction in commodities may be near an end.

Wednesday. March 19 2008

Little news this morning. US market will likely end the day higher as FED rate cut sinks in and yesterday's rally brings investors back. Commodities soften over night as oil falls. We expect to see a continuation of this pattern through out the day.

Our open positions this morning for the most part are in the red. I had mentioned in Sunday's email to our membership that this week could very likely be bumpy as so far this has been the case. It is possible that we are beginning a shift from hard assets (commodities) to financial assets (stocks) that may develop into a significant trend over the coming weeks. It is too early to confirm, the next 5-10 trading days will tell the tale. Stock prices are very low and in tandem withthe weak US Dollar it is only a matter of time before foreign investors snap up real bargains with their high valued currencies. In the meantime we remain on plan.

Tuesday, March 18 2008

Data and more data, plus an interest statement by the FED. Markets are likely to be chaotic. A rate cut today could very likely create a counter move in the currency markets, especially if it is larger than expected. It may be seen as an ideal place for profit taking and viewed as the "last move" by the FED resulting in an upswing in the US$. Risk adverse traders may be well advised to just window shop today.

Thursday 6:00 AM Morning Market Review

US$ sets new lows against the Euro overnight. Gold ran higher, flirting with $1,000 but fell back on what appeared to be profit taking while crude oil is trading near 105 on the back of yesterday's unexpected decrease in reserves. Grain markets are higher but commodity markets are edgy as fears of a commodity crash are growing. Housing data is released today in the Us and Canada. Numbers are expected to be poor once again signaling a deepening slump .

Wednesday 7:15 AM EST Market Review

A full slate of economic news this morning. ISM Non-Manufacturing data will likely carry the most weight today. Forecasts are for an improvement over last months number however a surprise to the downside is my expectation. As the economy has slowed, service sector jobs are likely in decline. Any number lower than the expected 47.6 could send stock markets down again today. Over night yesterday's commodity correction slowed. Oil climbed back over $100 and gold stabalized around $965 and grains rallied.

Tuesday 7:20 AM EST Market Review

Oil reacts to OPEC's reluctance to increase oil production and moves closer to $103 (it is highly unlikely they can increase production due to world wide peaking oil). Profit taking hits Soybeans, Corn and Bean Oil overnight but they remain in bullish patterns. Cotton, for the second day in a row is locked at limit move up. Yesterday limits on cotton were raised to 4 cents. Our long (12:00 Feb 28) is now up over $5000 per contract. The US$ gained a little strength early last evening but is eroding again this morning as the Yen and Euro move higher. Rates in Australia were raised last night to 7.5% but the Aussie fell in response to Central Bank comments that rate increases were nearing an end. Today Canada will release its interest statement and BOC Governor Carney is likely to cut interest rates. Expect some volatile action on the Loonie today.

Market indexes remain weak this morning as the trend to lower equity numbers continues today. Fed chairman Bernake speaks in Orlando at 9:00 EST about mortgage foreclosures . His comments may set markets in motion.