open a futures account
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Open a Commodity Futures and Options Trading account with DeCarley Trading
There are three easy and convenient ways to open a commodity trading account with DeCarley Trading, and futures broker Carley Garner.
We are confident you will find we are capable of exceeding your expectations of a commodity brokerage service!
Contact us at
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Complete online electronic account application with digital signature. Be sure to enter Carley Garner/DeCarley Trading as your commodity broker!
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Email us at
This email address is being protected from spambots. You need JavaScript enabled to view it. to request a PDF version of the futures account application to be downloaded, completed by hand and faxed to 702-947-6534 -
Email us at
This email address is being protected from spambots. You need JavaScript enabled to view it. to request a PDF version of the commodity account application; download, print, complete application by hand, and mail it for processing
Click here to open an IRA, or Rollover IRA, account to trade futures and options or FX with DeCarley Trading.
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Small specs are getting squeezed out of ES futures contracts
It is early, but October has been the least volatile month...EVER.
If today was the end of the month, this would be the quietest October on record and it would also be the quietest month ever. Of course, it is too early to suggest that is what is in store for the markets come October 31st, but it should at least offer some perspective.
Further, it has been almost a year without a 3% drawdown in the S&P 500. This is the second longest run of its kind in history. If the market survives the next 10 days, it will beat the previous record. Keep in mind, 3% is literally a drop in the bucket. At today's price, that would be a mere 75 ES points.
We don't when the dam will break, but we do know it always does, eventually. Traders should be on their toes. Afterall, investor complacency is at an all-time high and historically such environments haven't ended well.
As mentioned in a previous newsletter, the University of Michigan stock market sentiment index measuring the percentage of investors that believe the stock market will be higher a year from now is at an all-time high. Similarly, credit spreads are near historical lows (this is the difference between the yield on high-risk securities and risk-free Treasury securities). Tight credit spreads suggest investors are reaching for yield and lack concern for economic turmoil (in short, they are complacent). The last time we saw such tight credit spreads was mid-2007, just prior to the financial collapse. We aren't predicting a repeat of 2007, we are simply saying the bulls should consider exercising caution. Is anybody familiar with "Old Man Partridge" from "Reminiscences of a Stock Operator"? The trend is only your friend until it ends.