5-16-2011 @ 10:14pm CDT.

The trend is your friend until it bends. This is a line people hear way too often when it comes to trading. What does this mean exactly? Markets follow trends; whether they are longer term or shorter term. Furthermore, trading along the trend could be a profitable proposition for many traders. Silver has made a sharp decline since peaking close to the $50 mark in April. For those who have missed many of the opportunities to get short, there are still price...

Fortress Capital has identified a buying opportunity in the June Crude Oil contract. Crude Oil broke a trend line and started selling off on 5-4-2011. Over the last few days Crude Oil has started to consolidate and has formed a double bottom pattern. We feel that this double bottom pattern is a good opportunity to look for a long position and see if Crude Oil trades up to test the trend line.

Buy June Crude Oil @ 100.71 Stop

Sell Stop 95.24

Sell Limit...

Fortress Capital has identified a buying opportunity in the June E-mini S&P 500 contract. The E-mini S&P is on an upward trend that has been in place since 3-17-2011. On 5-12-11 we had a test of the trend line and a rally into the close of the day. With this strong trend line and upward momentum we feel this is a good spot to look for a buying opportunity.

Buy June E-mini S&P 500 @ 1349.00 Stop

Sell Stop 1349.00

Sell Limit 1372.50
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Gold has dropped significantly today, eventually hitting a low of 1495.30 at this point a retracement up to 1507.00 came in and another sell-off occurred before closing out at 1499.99. The 1499.99 price level is a 61.8% retracement from the previous significant low. We are anticipating Gold to make a move up to 1508.00 before it starts to sell-off again. We’re recommending a sell at 1508.00; stops should be placed at 1510.50, and the first profit objective level can be put in at 1504.00, the secondary...

We mentioned last week that the markets were vulnerable to a shakeout after the near-vertical rise from the past two weeks, and shake out they did. After news of Osama Bin Laden's death induced a gap higher on Monday, the markets reversed and headed lower all week. Friday did see a gap higher following a better-than-expected jobs report, but the markets eventually gave up a large part of those gains. Commodities were hit hard this week too, as silver and oil were decimated. Part of our concern the...