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Chris Bersaw

Chris Bersaw
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  • Stocks, bonds, gold pop on dovish FOMC minutes [View news story]
    I'm thinking this situation is a ploy to drive interest rates lower, June notes just breached resistance at 124-095 although the move lacks conviction.
    Apr 10, 2014. 10:54 AM | 1 Like Like |Link to Comment
  • Stocks, bonds, gold pop on dovish FOMC minutes [View news story]
    Yes definite short covering, no one wants to be short in a fed driven market that's for sure.
    Apr 9, 2014. 04:05 PM | 1 Like Like |Link to Comment
  • Stocks, bonds, gold pop on dovish FOMC minutes [View news story]
    This is new info to the algo's doing the trading apparently.
    Apr 9, 2014. 03:47 PM | 1 Like Like |Link to Comment
  • Strategies For Earnings Season And Beyond [View article]
    Also worth keeping in mind what is leading the declines. In January, the sell off was lead by the DJIA, the weakest, then SP500 with tech heavy Nasdaq 100 the strongest. This time its the Nasdaq 100 leading the losses with the dow the strongest complete opposite of the New Year's decline. While I have to check but the last time I saw this pattern was in late 2007 and we know what happened next. Just something to think about as markets have not experienced a correction for almost two years.
    Apr 4, 2014. 07:45 PM | 1 Like Like |Link to Comment
  • Real Chance Natural Gas Storage Dips Under 1 Trillion Cubic Feet [View article]
    We are in a downtrend, if 4.20 level can continue to hold then that might change but too early to tell at this time. I'm hearing some weather chatter about a cool summer this year because of el nino so you don't want to be long NG if that scenario materializes.
    Apr 2, 2014. 09:12 PM | Likes Like |Link to Comment
  • Real Chance Natural Gas Storage Dips Under 1 Trillion Cubic Feet [View article]
    Prices finally found support around 4.20 but looks more like shorts getting out ahead of tomorrows number as trends remains lower. Of course if tomorrow's number beats expectations again that could be supportive near term we shall see.
    Apr 2, 2014. 01:03 PM | Likes Like |Link to Comment
  • Real Chance Natural Gas Storage Dips Under 1 Trillion Cubic Feet [View article]
    Natural gas looks like it could challenge 4.272 before buyers return, that is if support at 4.34 fails so we will see.
    Mar 31, 2014. 12:15 PM | Likes Like |Link to Comment
  • Real Chance Natural Gas Storage Dips Under 1 Trillion Cubic Feet [View article]
    Yet prices are lower by 14 cents despite the supportive weather, would hate to be long when we have unsupportive weather.
    Mar 31, 2014. 12:03 PM | Likes Like |Link to Comment
  • Natural Gas Production Must Increase Dramatically To Refill Inventories [View article]
    Weather trending warmer for the first week of April is what's likely chasing away NG longs.
    Mar 21, 2014. 09:40 PM | Likes Like |Link to Comment
  • On the hour [View news story]
    No. Key reversal is an open over prior day high and close under the low which did not happen today with S&P500. Nasdaq 100 price action is very close to a key reversal however.
    Mar 21, 2014. 07:03 PM | 1 Like Like |Link to Comment
  • Natural Gas Production Must Increase Dramatically To Refill Inventories [View article]
    Could see 4.250 before prices attempt to stabilize or perhaps NG wants to challenge 4.000 again?
    Mar 13, 2014. 09:13 PM | 1 Like Like |Link to Comment
  • Drought Fears Propel Coffee Prices Higher, Rains In Brazil Key Over Next Few Weeks [View article]
    While I like your numbers, first thing first, coffee needs to successfully challenge resistance around 1.800 but the fact market hasn't sold off yet is encouraging.
    Feb 26, 2014. 02:52 PM | Likes Like |Link to Comment
  • Drought Fears Propel Coffee Prices Higher, Rains In Brazil Key Over Next Few Weeks [View article]
    Large specs are net LONG coffee, the other article you mention is incorrect.
    Feb 26, 2014. 02:46 PM | Likes Like |Link to Comment
  • The Brazilian Drought Is Over [View article]
    The futures only COT shows large specs even more net long, 25134 then when considering options.
    Feb 24, 2014. 09:49 PM | Likes Like |Link to Comment
  • The Brazilian Drought Is Over [View article]
    COT Data week ending 2/18 published on 2/21 including both fut/options.

    Managed money long: 43608
    Managed money short: (19317)
    net position: 24291

    Data shows combination of short covering AND new buying as shorts flip LONG, prices are prone to profit-taking from recent gains however.
    Feb 24, 2014. 08:04 PM | 2 Likes Like |Link to Comment
COMMENTS STATS
610 Comments
312 Likes