Trading Sugar Futures

If you’re planning on trading sugar, or any commodity market for that matter, it’s essential to have at least a grasp on current supply and demand fundamentals and the news that may effect them. One place to go to if it’s agricultural statistics you seek is, The United States Department of Agriculture (USDA).

The following is a step to getting you to the meat of the USDA website:

1) Start by going to the home page of the USDA (www.usda.gov)

2) Under the “Browse by Subject” tab on the left side of the page, click on the “Agriculture” link.

3) Under the “Related Topics” tab on the right side of the page, click on the “Data and Statistics” link. Here’s the link in case you’re having difficulties http://www.usda.gov/wps/portal/!ut/p/_s.7_0_A/7_0_1OB?navid=DATA_STATISTICS&parentnav=AGRICULTURE&navtype=RT

Whether you’re interested in trading sugar, grains, cotton, coffee, or livestock, you now have access to mountains of agricultural and trade data. Isolating some of the most commonly used statistics is a good place to start.

Once you get to the “Data and Statistics” portion of the USDA’s site you’ll notice a couple of things. On the left and right hand sides of the site you can look around by the topics of interest. If you’re having trouble finding what you’re looking for, these tools might be able to help. Another item you’ll notice is that the data is broken down into three different branches of the USDA: Economic Research Service (ERS), Foreign Agricultural Service (FAS), and National Agricultural Statistics Service (NASS).

A helpful area of the site is the “Production, Supply, and Distribution Online Database (PSDOnline)” link under the FAS sub-category. Here you’ll find global sugar beginning and ending stocks, production, imports/exports supply, and use. Each category is broken down by region and by country. You’ll find this year’s projected numbers along side the last two crop year’s figures. The USDA FAS’ PSD can also be downloaded into excel spreadsheets. This is another useful tool if you want to graph some of these figures out in order to have a visual of the trends.

The PSD database is just a little information to put at your fingertips. Spend some time browsing around the site. There is a lot of information found here. It will benefit you to learn all you can about the sugar markets.

Trading in futures and options involves a substantial degree of a risk of loss and is not suitable for all investors. Past performance is not indicative of future results.

The Billion Report : Gold & the U.S. Dollar

Throughout history, gold has served as a means of trade and commerce. It has been both currency and the definition of exchange. The dawn of paper money and other coinage brought changes to the world of gold. Money from different countries was marked as redeemable for gold and/or silver bullion. Exchange rates were set by this metals backing. This standard was abandoned by most nations through the twentieth century. New methods of currency exchange were adopted, many of them leading to a US dollar peg. Despite the changes in currency exchange methods and monetary policies over the centuries, the link between the money and metal is just as strong today.

The US Dollar

Gold prices that are familiar to most traders are quoted in US dollars. This link to the US dollar is quite different from a century ago. When paper dollars first made an appearance, they were backed by gold and silver. The exact amounts specified in the Coinage Act of 1837 were 24.75 grains of gold and 371.25 grains of silver. It takes 480 grains to make a troy ounce. This bimetallic standard, as it was known, was dropped in 1900 when the Gold Standard Act set the dollar as 23.22 grains of gold or $20.67 for a troy ounce.

The quantity of grains per dollar was lowered on more than that single occasion. In the 1930s, it was 13.71 grains which put the price per troy ounce of gold at $35. By the early 1970s, a troy ounce of gold was over $40 and President Nixon had ended the redemption of currency for gold. The currency was allowed to float. When the Federal Reserve began to increase the money supply the value of the US dollar fell. This kind of currency depreciation, not just in the United States but also in other countries, is often cited as a reason for the increased value of gold.

Past performance is not indicative of future results.
***chart courtesy Gecko Software’s Track n’ Trade Pro

The recent fallout from the housing and credit issues have contributed to another round of currency depreciation and some historic gains in the US dollar. The lack of imminent economic recovery could fuel several issues to move the US dollar and gold by extension.

The first factor to consider is the effort to stimulate confidence and economic growth. The Federal Reserve has pledged to keep historically low interest rates and various forms of stimulus money and programs have been set into motion by the US government. This has led to an influx of money and an even wider deficit. Sure, other nations across the globe have the same issues which can sometimes bolster dollar investment. But generally speaking, these efforts have pared back the value of the dollar, contributing to the gain in gold prices. These efforts have not borne fruit yet, and that kind of flop can affect general investor and consumer confidence. That leads to the second factor to be aware of, the investor’s perception of the US economy.

The average investor needs to have confidence that the economic condition in the United States is improving; otherwise, there will be hesitation when it comes to moving investment direction. For most people, the fear of the collapse in the stock market and other markets brought a general exodus from those assets and a plunge into precious metals. Every bad or benign economic report will continue to weigh on those investors. A true signal of recovery and sign of how long the good times will last will be needed to inspire more investors to profit taking and an exit from gold positions.

Finally, the fact that gold is priced in US dollars means that the exchange against other currencies which traditionally spell weakness in the dollar could mean gains for gold. The US dollar value comes from a basket of other currencies, most heavily geared in the direction of the Euro. Normally this means that strength in the Euro spells a downturn in the US dollar. This kind of strength can come from positive economic outlooks for any of the Eurozone member nations. The link between the two markets doesn’t run point for point, but it is definitely a factor that can impact pricing.

Summary

In the past decade, the link between an increase in money supply and gold price has been explored extensively. The simple fact is that the purchasing power of gold remains pretty healthy even when the currency it is valued in declines. In the case of the US dollar, the drop in value has stemmed from a lack of confidence in the economic health of the nation. The fear that grips the marketplace led directly to other assets being liquidated and a migration to gold investment. Purchasing gold is treated as the equivalent of saving for a rainy day. Why buy dollars to stuff into the mattress when the future of the US economy is so uncertain? The bottom line is looking for an investment that will maintain some store of value, no matter how the world currency markets fluctuate. Gold, and silver to a certain degree, can function as that investment since they are likely to always be an easily recognized and tradable commodity.

An almost hysterical antagonism toward the gold standard is one issue which unites statists of all persuasions. They seem to sense... that gold and economic freedom are inseparable. - Alan Greenspan

Read Full Article

Metals Prices

Metals Prices – Futures vs Cash Market

It is important to distinguish cash market from futures markets when looking at a particular commodity. Many people do not realize that there is a difference between the two. The futures market is essential to a producer’s need to hedge against the actual commodity that they hold in their warehouse. In the paragraphs to come I will discuss the differences between cash markets and futures markets, and their advantages as well as disadvantages.

There are two basic options that exist for producers who want to forward price: forward pricing through cash contracts, and forward pricing directly through the futures market. Producers have commonly used the cash contracts, but did you know that only 5% of all farmers in the US use the futures market directly? Why would this be? Are cash contracts that much better than the futures market? Probably not; the real reason lies in a lack of knowledge.1

Let’s take a brief look at the advantages and disadvantages of forward pricing in the futures market vs. forward pricing through the cash market. Perhaps the most important point to keep in mind when discussing cash contracts and the futures market is that each time a contract is offered to a producer, someone is making that contract available by using the futures market. Because of this, cash contracts – at any point in time – will usually be less in price than a forward price in the futures market. By using a cash contract, we are paying someone else to forward price in the futures market for us.

Another advantage offered by using the futures market as compared to cash contracts results from the added marketing flexibility offered through the futures market. You can usually offset your contract at any time, meaning you do not have to deliver on the futures contract. With cash contracts, however, you are locked into delivering the amount of product at the price specified. This can create problems when crops fail to meet contracted levels or when potentially profitable copper prices must be passed up because of the fear of over-contracting.

Of course, all is not gravy in the futures market. Some of the disadvantages include the need of putting up margin money (good faith money required in order to trade futures contracts), the complexity of the market, and the understanding required to trade contracts. Another disadvantage is the inability to lock in an exact price (the price relationship between futures and cash markets, called basis, will fluctuate within a small range making a precise determination of forward prices offered impossible). Also, many producers desire to price less than the minimum standard contracts called for in futures markets. An example of this problem would be the producer with less than 25,000 pounds of copper (smallest copper futures contact) or 44,000 pounds of aluminum (smallest aluminum futures contract).

Trading in futures and options involves a substantial risk of loss and is not suitable for all investors. Past performance is not necessarily indicative of future results.

Alcoa Kicks if Off

Dear Readers,

The market rallied again today - sort of. It closed up after a gap open higher; however, nearly the entire day was quite slow and choppy. The reason for the rally was…the market was open. OK seriously, it was because Alcoa’s earnings were better than expected. The following is from Karl Denninger who digs into the AA report.

An interesting, mostly-positive earnings report - with a few unexplained quirks…..

Let’s dig in a bit and see what we got (the aftermarket loved it!)

Strong points include the fact that the bottom line was a beat; top-line questionable - everyone is claiming “beat” but I had the same number on my screen as they reported, so take your pick - if it’s a beat, it’s not a big one (and might not be one at all.)

Cost-cutting and improved prices for aluminum products are the story here. Here’s the top-line reality: Revenues were $4.6 billion .vs. $4.2, up 9.52% sequentially. Good, right?

Weeeeeellll… aluminum prices went from $1,667 per ton to $1,972, an 18.3% increase.

Now we got a wee problem. This rather strongly implies that the actual shipped volume was down sequentially. Does it prove this? No, as we don’t have product mix shifts in the report, but this sure as hell suggests a decrease in shipped tonnage sequentially, not just year/over/year, and is a big fat flashing yellow light that I bet you don’t see talked about.

What makes no sense here is this statement in the release:

Due to low inventories at distributors and rising shipments, regional premiums are improving and global aluminum consumption is expected to increase 11 percent in the second half of 2009.

I don’t believe it, to be blunt. You don’t have a 9% increase in gross sales on an 18% increase in prices and tell me that shipments are rising, unless you’re somehow magically making product appear at customers for which you’re not being paid. The internals of the report and the breakdown don’t help me come up with a reconciliation either.

Something doesn’t add up.

Oh wait! Here it is! Right at the bottom of the report (missed it first pass; thanks to the guy who emailed me!): 1,230,000 metric tons shipped this quarter, 1,288,000 metric tons last quarter.

BINGO!

SHIPMENTS WERE IN FACT DOWN SEQUENTIALLY!

The conference call says they’re looking for a 4% rise in demand in China and 6% worldwide, but a 15-20% decline in automotive sales for the full year 2009 and 30-35% decrease in heavy trucks (indeed, there was a report out this afternoon on Class 8 truck sales - horrifyingly bad doesn’t even begin to describe it.) But wait! The release also says:global aluminum consumption is expected to increase 11 percent in the second half of 2009.

Uh…. those numbers don’t add up either. What am I missing here guys and dolls?

The rest of the report seems to make sense - the only other area of trouble I see is in engineered products, which is Alcoa’s highest-margin business and is in serious trouble, down 15% sequentially. That’s mostly aerospace - read “airplanes.” Not exactly a growth industry at present……

I’m disturbed, however, by the apparent discrepancy in claimed numbers in two different places and the consolidated result statement saying that in fact shipments didn’t increase, they fell.

That is hardly the picture of “improving demand” claimed to be experienced in the reported quarter and forecast - especially when that forecast is for an increase that would simply reverse the 3rd quarter tonnage decline implied by pricing and revenues (that is, take us back to second quarter tonnage-shipped levels.)

Finally, there’s the matter of P/E. Assuming we could get to a normalized 12 month leading expectation of 70 cents in fully-diluted earnings by the middle of 2010 (and I believe that’s damn aggressive) you’re paying 21x on those earnings 12 months out - too darn rich for me for an industrial concern on any reasonable set of forward expectations.

I liked AA in the $5s in March, but I wouldn’t go anywhere near it at $15 today.

Sorry, no $ale.

Disclosure: No position; I sold out of my spring long at what was obviously early, but if I still had it, I’d be selling into this strength.

Trade well and follow the trend, not the so-called “experts.”

Go to www.PitNoise.com for a trial run.

___________________________________________________________________________________

Notes from the Pit…for 10-09-09

ATTEMPTED DIRECTION: BUYER or SELLER

1) Rotation Buyer

2) Range Extension Buyer

3) Public went home as a… Neither

4) Buying-Selling Tails Buyer

5) Open in Bull or Bear Range Neither

ATTEMPTED DIRECTION: Higher =Yes Lower = Neutral=

Comments: The attempted direction was bullish but with a neutral structure.

ATTEMPTED PERFORMANCE:

1) Today’s NYSE Volume compared to prior day & 10-day average.

Today (1.274 billion) Higher =XX Lower = Unchanged =

10-day Ave: (1.278 billion) Higher = Lower = Unchanged =XX

2) Value Area: Higher =XX OL/Higher= OL/Lower =

Lower = Inside= Outside =

3) VA Width: Wider = Narrower = Unchanged=XX

COMMENTS: The VA was higher but unchanged again with lame volume for another advancing day. Advancers vs. decliners were 3-1. Attempted performance was bullish but slowing.

POTENTIAL RESULTS: No reports will be released Friday. Thursday’s auction & volume were terrible again at higher levels. Due to another balancing day we should expect a breakout auction in either direction.

Support = 1055.00, 1042.30, 1038.50

Resistance = 1076.00, 1083.00, 1100.0

Institutional support = none

Institutional resistance = none

Please use the pivot calculator in the “shared folder” for all of today’s pivots

__________________________________________________________________________________

Results from Virtual Trading Room

Electronic (ES) mini-SP 500

1) FT buy @ 12:11pm at 1063.25 = +.25 (1 lot)

2) Engf buy @ 2:17pm at 1063.50 = +1.00 & +1.00 (2 lot)

3) Algorithm positions (7)

4) ”Reading the Tape” positions (1) …combined Secret’s, Algo, & “Reading the Tape” total…-1.25

___________________________________________________________________________________

Today’s Value Areas:

Use These Value Areas

for Trading on FRI

ES 1065.25 / 1059.75

YM 9763 / 9721

NQ 1726.50 / 1715.50

___________________________________________________________________________________

Today’s Trading Tip:

The more I talk to new traders, the more I realize exactly what they need to do to become successful: practice, practice, and practice some more!

___________________________________________________________________________________

To read the Value Area Help Guide, please copy and paste this into your address bar:

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Secrets of Traders

The Chicago Board of Trading Building

141 W Jackson Blvd. Chicago, IL 60604

888-755-3846

312-235-2572

info@secretsoftraders.com

In an effort to comply with all applicable rules and regulations please be so kind and read the disclaimer below:

IMPORTANT NOTICE: Futures and Options trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures and options markets. Don’t trade with money you can’t afford to lose. Nothing in our website shall be deemed a solicitation or an offer to Buy/Sell futures and/or options. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on our site. Also, the past performance of any trading methodology is not necessarily indicative of future results.

DAYTRADING involves high risks and YOU can LOSE a lot of money. Hypothetical or simulated performance results have certain inherent limitations. Unlike an actual performance record, simulated results do not represent actual trading. Also, since the trades have not actually been executed, the results may have under- or over-compensated for the impact, if any, of certain market factors, such as lack of liquidity. Simulated trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profits or losses similar to those talked about in our site.

Source: Secrets Of Trader

JOBS DATA

Dear Traders,

Last Friday the Bureau of Labor Statistics (BLS) released the August Employment Report.

Nonfarm payroll employment continued to decline in August (-216,000), and the unemployment rate rose to 9.7 percent, the U.S. Bureau of Labor Statistics reported today. Although job losses continued in many of the major industry sectors in August, the declines have moderated in recent months.

The official unemployment rate is 9.7% and rising. However, if you start counting all the people that want a job but gave up, all the people with part-time jobs that want a full-time job, all the people who dropped off the unemployment rolls because their unemployment benefits ran out, etc., you get a closer picture of what the unemployment rate is. That number is in the last row labeled U-6 of the BLS report.

It reflects how unemployment feels to the average guy on the street. U-6 is now 16.8%. Both U-6 and U-3 (the so called “official” unemployment number) are poised to rise further although most likely at a slower pace than earlier this year.

Given this “exciting” news, stocks rose into the close.

Trade well and follow the trend, not the so-called “experts.” Go to www.PitNoise.com for a trial.

Go to www.PitNoise.com for a trial.

————————————————————————
Notes from the Pit…for 9-08-09

ATTEMPTED DIRECTION: BUYER or SELLER
1) Rotation Buyer
2) Range Extension Buyer
3) Public went home as a… Buyer
4) Buying-Selling Tails Buyer
5) Open in Bull or Bear Range Buyer

ATTEMPTED DIRECTION: Higher =Yes Lower = Neutral=

Comments: The attempted direction was bullish.

ATTEMPTED PERFORMANCE:
1) Today’s NYSE Volume compared to prior day & 10-day average - expected.
Today (1.154 billion) Higher = Lower =XX Unchanged =
10-day Ave: (1.381 billion) Higher = Lower =XX Unchanged =

2) Value Area: Higher =XX OL/Higher= OL/Lower =
Lower = Inside= Outside =

3) VA Width: Wider =XX Narrower = Unchanged=

COMMENTS: The VA was higher & wider but with less volume again. Advancers led decliners by 7-1. Attempted performance was bullish.

POTENTIAL RESULTS: No reports are scheduled to be released Tuesday; however, a few Treasury auctions will be released during the day. The biggest of the lot is the 3-YR Note auction at 12pm Central. Given Friday’s double distribution up day, we should expect a higher auction Tuesday.

Support = 1016.00, 1008.50, 1001.30
Resistance = 1028.00, 1033.20, 1038.50
Institutional support = none
Institutional resistance = 1028.40

Please use the pivot calculator in the “shared folder” for all of today’s pivots

————————————————————————
Results from Virtual Trading Room
————————————————————————
Electronic (ES) mini-SP 500

1) OTF buy @ 1pm at 1013.00 = b/e (1 lot)

2) Algorithm positions (6)

3) “Reading the Tape” positions (2) …combined Secret’s, Algo, & “Reading the Tape” total…-0.75

———————————————————————–
Today’s Value Areas:

Use These Value Areas
for Trading on TUE

ES 1015.00 / 1004.50

YM 9,430 / 9,352

NQ 1620.50 / 1597.50

————————————————————————

Today’s Trading Tip:
Decide what type of trader you are, and then focus only on that type of trading!
————————————————————————
To read the Value Area Help Guide, please copy and paste this into your address bar:
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Secrets of Traders
The Chicago Board of Trading Building
141 W Jackson Blvd. Chicago, IL 60604
888-755-3846
312-235-2572
info@secretsoftraders.com

In an effort to comply with all applicable rules and regulations please be so kind and read the disclaimer below:

IMPORTANT NOTICE: Futures and Options trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures and options markets. Don’t trade with money you can’t afford to lose. Nothing in our website shall be deemed a solicitation or an offer to Buy/Sell futures and/or options. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on our site. Also, the past performance of any trading methodology is not necessarily indicative of future results.

DAYTRADING involves high risks and YOU can LOSE a lot of money. Hypothetical or simulated performance results have certain inherent limitations. Unlike an actual performance record, simulated results do not represent actual trading. Also, since the trades have not actually been executed, the results may have under- or over-compensated for the impact, if any, of certain market factors, such as lack of liquidity. Simulated trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profits or losses similar to those talked about in our site.
To unsubscribe or change subscriber options visit:

https://larrylevin.infusionsoft.com/opt?o=0&i=61869&e=d41a262c&m=374561

Sources:

Secrets of Traders, LLC
141 W Jackson Blvd
Chicago, IL 60604
United States
(312) 235-2572

Great Week.

According to Bloomberg and my own data, volume has been very low lately. I have written about it often.

MarketWatch says “With end-of-summer vacations in full swing, (the) U.S. stock market face a sluggish week capped by a potential burst of activity when the government releases its August jobs report.

“‘Light volumes have made for choppy trading in recent days, with benchmark indexes flip-flopping throughout the course of the day. Activity has clustered on a few financial stocks…That trend is likely to continue into the first week of September, despite a slate of key economic data, as more investors head to the beach.”

Whether the anticipated pick-up in volume drives stocks up or down in the coming weeks is currently irrelevant; we can address that in the future.

Today I want to mention that this past week, as well as the prior week, was low volume trades and “choppy trading” has not negatively affected Secrets of Traders. We are currently enjoying a 13-day winning streak with only 2 losing days for the month. To be sure, there were slow/rough trading days (the 1st week of August), but in total we have weathered the low volume/volatility vacuum very well. Our upgraded algorithm program and the new “Reading the Tape” trades are paying massive dividends.

This past week was stellar - we enjoyed a great week! Although Monday was slow and the Virtual Trading Room (VTR) only netted a scant +1.25 gain, the balance of the week was extraordinary given the aforementioned volume/volatility vacuum. The VTR closed out the week with a +91.50 point gain, which is a gross value of $4,575.00.

Although the volume has been low in the S&P pit in addition to the overall NYSE volume, we are still getting great clues from our PitNoise service. The VTR was in a short trade Friday afternoon that had stalled and the room was preparing to cover the trade at break even. Before that happened, however, Paul from PitNoise.com called out institutional selling near 12:45pm EST.

At this time Paul called out “Goldman is 20 AT 4.50.” That’s all we needed to hear - we held the short. This meant that the Goldman Sachs broker was selling 20 big S&P contracts at 1024.50. Although this is a fairly small order for GS, we don’t know if they have another 20, and another 50, and another 100 to sell…so we held our short. Just seconds later Paul called out “Solomon is 10 AT 30.” What’s happening is another institutional firm is willing to sell but this time at the LOWER offer, which is great if you’re already short. The call is fast, but the word AT is the clue; it means they are selling. Seconds after that the market dropped swiftly, thus giving us another profit.

Putting it all together, www.PitNoise.com helped us make money in addition to our specific strategies and we love it when it all comes together. Go to this website for a super inexpensive month long trial.

Trade well and follow the trend, not the so-called “experts.”

————————————————————————
Notes from the Pit…for 8-31-09

ATTEMPTED DIRECTION: BUYER or SELLER
1) Rotation Seller
2) Range Extension Seller
3) Public went home as a… Neither
4) Buying-Selling Tails Seller
5) Open in Bull or Bear Range Seller

ATTEMPTED DIRECTION: Higher = Lower =Yes Neutral=

Comments: The attempted direction was bearish after a higher auction - expected. The profile after the large selling tail was truncated - or “balanced.”

ATTEMPTED PERFORMANCE:
1) Today’s NYSE Volume compared to prior day & 10-day average - expected.
Today (1.391 billion) Higher =XX Lower = Unchanged =
10-day Ave: (1.279 billion) Higher =XX Lower = Unchanged =

2) Value Area: Higher = OL/Higher=XX OL/Lower =
Lower = Inside= Outside =

3) VA Width: Wider = Narrower =XX Unchanged=

COMMENTS: The VA was OL/higher but narrower with better volume. Advancers led decliners by 2-1. Attempted performance was bullish but does not confirm the clearly bearish attempted direction.

POTENTIAL RESULTS: The Chicago PMI will be released 15-min after the open.
The market is still within its larger balance area of 1037.00/1015.00 after being slammed back under 1037.00 early Friday morning. Unless the PMI data is unexpected, we will probably stay in this “balancing” range.

Support = 1015.00, 1007.00, 998.50
Resistance = 1033.30 & 1038.00
Institutional support = none
Institutional resistance = none

Please use the pivot calculator in the “shared folder” for all of today’s pivots

————————————————————————
Results from Virtual Trading Room
————————————————————————
Electronic (ES) mini-SP 500

1) 80% sell @ 9:40am at 1030.00 = +.50 (1 lot)

2) Algorithm positions (15)

3) “Reading the Tape” positions (20) …combined Secret’s, Algo, & “Reading the Tape” total…+29.25

———————————————————————–
Today’s Value Areas:

Use These Value Areas
for Trading on MON

ES 1032.50 / 1025.50

YM 9,572 / 9,514

NQ 1656.50 / 1636.50
————————————————————————

Today’s Trading Tip:
Don’t get caught up in worrying about the fundamentals, just trade the technicals!

————————————————————————
To read the Value Area Help Guide, please copy and paste this into your address bar:
http://www.secretsoftraders.com/ValueAreaHelpGuide.htm

To read about how I became a trader, please copy and paste this into your address bar:
http://www.secretsoftraders.com/who-is-larry-levin.shtml

To view my recent trading statements, please copy and paste this into your address bar:
http://www.secretsoftraders.com/secretRoomLogin.asp

To read about my intensive Training Programs, please copy and paste this into your address bar:
http://www.secretsoftraders.com/mentorship-programs.shtml

Secrets of Traders
The Chicago Board of Trading Building
141 W Jackson Blvd. Chicago, IL 60604
888-755-3846
312-235-2572
info@secretsoftraders.com

In an effort to comply with all applicable rules and regulations please be so kind and read the disclaimer below:

IMPORTANT NOTICE: Futures and Options trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures and options markets. Don’t trade with money you can’t afford to lose. Nothing in our website shall be deemed a solicitation or an offer to Buy/Sell futures and/or options. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on our site. Also, the past performance of any trading methodology is not necessarily indicative of future results.

DAYTRADING involves high risks and YOU can LOSE a lot of money. Hypothetical or simulated performance results have certain inherent limitations. Unlike an actual performance record, simulated results do not represent actual trading. Also, since the trades have not actually been executed, the results may have under- or over-compensated for the impact, if any, of certain market factors, such as lack of liquidity. Simulated trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profits or losses similar to those talked about in our site.

Source:

Secrets of Traders, LLC
141 W Jackson Blvd
Chicago, IL 60604
United States
(312) 235-2572

Economic Analysis 29.06.2009

Government manipulation in the market. Bingo. Perhaps this is why the NYSE values on their website keep coming up as 0.00 or N/A. The government is in the market big time. ; it has become little more than a smoke & mirrors game.

Go to your average news site, like google, and you'll see the kind of spin I'm talking about - things are worse, but they're not as bad as was expected - sign of recovery! Everything is a sign of recovery. 10% jobless - yes, but fewer people got axed this month!