Garry Stern
Garry is the founder of openinterestanalyst.com (OIA), a website dedicated to analysing the interaction between price, volume, and open interest (P-V-OI). After consistently applying (P-V-OI) to his own trading beginning in the 70′s, Garry knows that professional money managers would find this data to be a valuable addition to their own suite of tools. During the course of his trading, he searched for, but was unable to find a site that provided (P-V-OI) data with in-depth analysis. As a result, in December 2011, he founded OIA whose mission was to issue daily reports based upon his interpretation of (P-V-OI). Garry is not an investment advisor, nor a broker, therefore he does not provide investment advice to individuals.
A San Francisco native, Garry spent most of his career in media sales and advertising. He was a founding partner of the San Francisco advertising agency Taylor Spencer Granville in 1980, which handled accounts for Alfa Romeo, KCBS, Lucasfilm and California Magazine. Prior to this, he sold advertising for KCBS radio and represented national publications such as Town & Country, Geo, and Cuisine magazines. He has a broad range of business experience having advised numerous businesses on their media and marketing strategies.
He began trading commodities when volatility began to increase after the U.S. sold a large amount of wheat to the former Soviet Union. This began a commodity boom that lasted for several years and peaked with the collapse of the gold and silver markets in 1980. During this time, he subscribed to weekly charts from the Commodity Research Bureau and used these in conjunction with his analysis of (P-V-OI) to pinpoint trading opportunities. The book that inspired him to use this method was written by L. Dee Belveal in the 1960′s, “Charting Commodity Market Price Behavior“.
When financial content exploded on the internet in the 1990′s, Garry had the opportunity to analyse commodities and stocks using data that had not been readily available before. During the past 15 years, he has evaluated every technical approach that could possibly give him an edge. Through research, he developed a set of protocols that have helped him identify trades that he considers optimal: Trades with good upside and lower risk-versus trades that may have good upside, but also have higher risk and are thus sub-optimal. He discourages speculators from taking sub-optimal futures trades because conditions for the set-up are weak: (1) The trend is not strong. (2) Volume and open interest stats do not confirm price action or the validity of the move. (3) The commodity is overbought/oversold and is likely to pull back, or reverse entirely. (4) The correct placement of stops subject the position to excessive risk. (5) There are better opportunities available with less risk. It should be noted that sub-optimal trades may be candidates for a variety of option strategies.
Through his trading, he has made his share of mistakes and though they have been costly at times, he has never met a margin call, nor has he blown-up his account. In addition to identifying high value trade set-ups, his experience directs him what not to do, which is crucial when trading commodities. OIA brings to light little known, but important data points and interprets their significance. He integrates this and his experience into strategies and tactics that make reading reports from OIA compelling for futures professionals. For more information on Garry’s methodology and recent trades, please see the tab: “What We Do For Clients.”
We will provide an update on the June 28 USDA stocks and acreage numbers in our next report.Crude oil:August WTI crude oil gained $1.55 on…
The USDA will release its acreage and stocks report on June 28. Do not enter new positions prior to the report. Liquidate positions prior to…
The USDA will release its acreage and grain stocks report on June 28. Do not enter new positions prior to the report. Unless there are…
The USDA will release its acreage and stocks report on Friday, June 28.Crude oil:August WTI crude oil gained $1.49 on heavy volume of 723,734 contracts.…
On Friday, June 28, the USDA will release its acreage and stocks report.Crude oil:August WTI crude oil lost $1.45 on volume of 687,802 contracts. Total…
Crude oil:August WTI crude oil lost $3.34 on heavy volume of 812,238 contracts. Volume was the highest since June 7 when 871 598 contracts were…
Crude oil:August WTI crude oil lost 19 cents on volume of 673,450 contracts. Open interest declined by 22,522 contracts, which relative to volume is approximately…
Crude oil:August WTI crude oil gained 64 cents on light volume of 514,609 contracts. Volume was the lowest since May 24 when 368,561 contracts were…
Crude oil:July WTI crude oil lost 8 cents on volume of 623,501 contracts. Total open interest declined by 1,083 contracts which is minuscule and dramatically…
For the first time in several months, WTI, Brent, heating oil and gasoline are on short-term buy signals. Collectively, they should provide underlying support for…
Crude oil:July WTI crude oil advanced 81 cents on fairly light volume of 564,743 contracts. Open interest increased by 9,727 contracts, which relative to volume…
Crude oil:July crude oil gained 50 cents on volume of 557,125 contracts. Open interest increased by 6,888, which relative to volume is approximately 45% less…
Crude oil:July WTI crude oil lost 39 cents on light volume of 582,901 contracts. Volume was the lowest since May 28 when 494,101 contracts were…
Crude oil:July WTI crude lost 26 cents on volume of 593,163 contracts. Open interest increased by 12,075 contracts, which relative to volume is approximately 20%…
Crude oil:July WTI crude gained $1.27 on volume of 871,598 contracts. Volume was the highest since January 23 when 950,328 contracts were traded and WTI…
Crude oil:July WTI crude oil gained $1.02 on volume of 685,952 contracts. Open interest increased by a substantial 23,563 contracts, which relative to volume is…
On June 6, the major currencies that comprise the dollar index are trading sharply higher, and this is creating exaggerated moves throughout the commodity complex.Crude…
Crude oil:July WTI crude oil lost 14 cents on volume of 708,400 contracts. Open interest declined by 6,261 contracts, which relative to volume is approximately…
Crude oil:July WTI crude oil gained $1.48 on volume of 642,594 contracts. Open interest declined by 8,348 contracts, which relative to volume is approximately 45%…
Crude oil:July WTI crude oil lost $1.64 on volume of 638,865 contracts. Open interest increased by 12,624 contracts, which relative to volume is approximately 25%…