Volume at its Lowest Level in Decades

Markets almost seem to be asleep at this point as traders await the next steps taken out of the Euro Zone while keeping optimism high off of increasingly better earnings and Eco data out of the US. In equity markets, the VIX is at an alarming 14% while in times of turmoil it is usual to see levels around 25 and 30%. While consensus seem to be anticipating an additional round of easing from Fed Chairman Bernanke, gold and silver seems to be holding up and pulling its weight at their current levels and the U.S. Treasury market has taken a dramatic turn to the downside bringing yields to their highest levels in months. Again, be mindful that though markets have pretty much been in cruise control mode - the months that lay ahead should set a tone that will more than likely be uncharacteristic of what we are seeing right now. The grain market has undoubtedly been the talk of the town for the past few weeks as corn and wheat set yet another record high while drought all over the states is further crimping the outlook for US crops. Though volume is low and we have been spared of any real catastrophic events in the recent weeks, I would advise traders to take this time to evaluate their situation and brace themselves for some potentially very rewarding scenarios ahead. If you would like to further discuss a way to strategize a plan to trade the front month contracts and upcoming economic events feel free to contact me at 800 -826-1120 or send me an email at jkobel@rjofutures.com, I would be more than happy to tailor a plan for the movement ahead.