coffee

the coffee has reached 200 , we think that after a few monthes we can go out of this market....we know that it has been long but profitable....a very nice trade....

now I recomend to sell the march Sp500 at 1880 and keep short

News

Jan 10 - European shares rose in early trade on Friday, reversing the previous session's losses with markets on the euro zone periphery adding to brisk gains made so far this year.

Sentiment was boosted by a surge in Chinese imports, although the market's gains could be limited ahead of the U.S. monthly jobs report that may shed light on the outlook for the federal Reserve's stimulus programme.

At 0806 GMT, the FTSEurofirst 300 index of top European shares was up 0.6 percent at 1,322.58 points, with Spain's IBEX up 0.9 percent and Italy's FTSE MIB up 0.7 percent.

Shares in mining and metal groups bucked the trend, with Rio Tinto down 1 percent and Norsk Hydro down 1.3 percent, after U.S. aluminium major Alcoa Inc posted a massive quarterly loss and issued an outlook for stagnant growth in global aluminum demand.

News

European shares fell for a third consecutive session on Wednesday in response to evidence of growing momentum in the U.S. economic recovery that could mean a scaling-back of stimulus by the Federal Reserve.

Standard Chartered was a stand-out faller, dropping 6.5 percent in heavy volume as it warned that profit would probably drop this year after Asian growth slowed over the past five months.

"Today's below-expectation results will likely lead to downgrades of over 5 percent to earnings forecasts for 2013 and potentially 2014," said Jonathan Jackson, head of equities at Killik & Co. "We prefer HSBC for its more diversified earnings stream and higher dividend yield."

The results, however, contributed to a 1.3 percent fall in larger rival HSBC.

Banks were the worst performing sector as the FTSEurofirst 300 shed 7.26 points, or 0.6 percent to 1,273.59, closing below support around the 1,278 level.

The euro zone blue chip index fell below 3,000 for the first time since October, but it found technical support to bounce off a session low and close at 2,991.76.

Craig Erlam, analyst at Alpari, is bearish on the technical outlook for European indexes, although he noted some big support levels on the Euro STOXX 50 - at 2,977, and 2,955.

coffee

We buy dec coffee around 117 and keep the position ....

U.S. equity markets have remained on a relatively even keel recently even as others such as U.S. Treasuries and emerging markets have been roiled by worries over what the Fed is likely to do at its meeting later this month and by the Obama administration's campaign to punish Syria for an alleged chemical weapons attack against civilians.

After falling 3.1 percent in August, the benchmark Standard & Poor's 500 .SPX rebounded by 1.4 percent in the first week of September. For the week, the Dow Jones Industrial Average .DJI rose 0.76 percent and the Nasdaq Composite .IXIC gained nearly 2 percent.

The CBOE's Volatility Index, or VIX, a proxy for investor anxiety, fell 7 percent for the week, its largest weekly decline since mid-July. Its closing level of 15.85 on Friday was near a two-week low, and the so-called "fear gauge" is within a point of its average level for the past year, so it is far from elevated.
Still, President Obama's efforts to convince reluctant lawmakers to back his request for a military strike could get the volatility needles rising. A Senate vote is likely to come next week.

"Next week has the potential to see increased volatility and perhaps a jump in the VIX," said Tim Ghriskey, chief investment officer of Solaris Group in Bedford Hills, New York, with $1.5 billion in assets.

The worry for investors would be if a U.S.-led military strike against Syria escalates into a prolonged conflict, Ghriskey said. That could be negative for stocks.

"The market will be very susceptible to rumor," said Quincy Krosby, market strategist at Prudential Financial in Newark, New Jersey. "The worry is that a surgical strike suddenly changes and becomes a bigger, wider event."

The fact that the congressional debate over Syria comes on the effective eve of the Fed's key meeting won't help Wall Street's mood. The central bank's policy-setting committee meets on September 17 and 18 and is expected to announced a reduction, or "tapering," of the pace of its $85 billion a month in bond purchases that have been instrumental in supporting asset prices over the past year. The S&P 500 is up 16.1 percent this year.

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