Monthly Archives: November 2010

Grains and JJG

I’ve been waiting for a break in the soybeans to the 11.40 area and the JJG to the 42.50-43.50 area. As of now I don’t see it, so I am putting on a portion of the JJG Etf with a stop just below today’s … Continue reading

Metals and Miners

I like the present lows for the Gold,Silver and miners. With all the instability in Europe the metals look very attractive to me. Even with all the price action in the metals over the past 20 hours, the breaks held. The Europeans … Continue reading

A.M. Look 11/22/10

For now the news is out of the way on Ireland. The European traders have treated the news as “sell the fact” after the big rallies last night in the equities and currencies. The U.S. Bond reaction was quite muted. So … Continue reading

Full Moon Trading

Food for thought.. Sunday night brings us to another episode of Full Moon Trading. Once again a good part of the world gets out their Ouija boards and decides which way they want to place their bets. Simply put, it’s … Continue reading

A.M. Look 11/19/10

The anticipation of the press conference is out of the way in Germany. Short term traders should take a decidedly you first approach to today. Present Holdings… short  the 30 yr. Bonds ( long TBT) looking to sell any major rally, or … Continue reading

A.M. Look 11/18/10

The currencies and oil held some big support yesterday. The stock indices trapped the shorts once again late in the day. Now What? Gold just challenged it’s break down level for starters with most markets looking good for now Don’t … Continue reading

A.M. Look 11/17/10

Some of you sold the (F) oil yesterday. Keep your stop where DR. Nenner suggests. Oil inventories are out today and Dec. Oil expires Friday. This generally increases volatility. This trade is a great example of Charles system at it’s finest. You have … Continue reading

Euro,Aussie,Silver, 11/16/10

I am taking the rest of the short Euro and Aussie off right here. Those of you that are very bearish can use a trailing stop above today’s highs. The best course of action is to book the money.. You still have … Continue reading

Yen, 11/16/10

119.33 Dec. Futures = app 83.80 Usd/Jpy This is an excellent level to take another piece of your Yen off the table.. This is the time of day to Not press directional flows.

Currency Traders, 11/16/10

83 oil will be pivotal for dollar follow through. A good break of this level will add to further weakness in the Euro and Aussie. This has been a good trade..take some more Euro and 1/2 the Aussie off the table. … Continue reading