We’re once again at another quarters end and it’s time to be vigilant for market turns. Be very careful where you try contra trend trades over the next few days. We’ve seen this before where the markets can hang in … Continue reading →

1144 spu and 135 in the Euro are particular levels of interest. With just a few more minutes left in European trading for the week, and the rsi’s being what they are ( very rich) the lemmings have a chance … Continue reading →

Just some general thoughts…The beat goes on… Look for direction to maintain in most everything for another 4 trading days ( until qtrs end) then the game has a chance of changing. Grains….We’re long the JJG and the Corn…we were … Continue reading →

You have a potential double top in the Nasd at 2001.. Apple has reached a major long term tgt. level just over 290.. These two market levels will dictate price action for the rest of the afternoon

Let’s add another small piece using the same stops

Futures traders can buy small positions in the corn and wheat with stops just below today’s lows. Etf traders…the trade is more difficult…you can repurchase some JJG, 20% of your original position, to see if it holds in the mid … Continue reading →

Spu… 1114.50 Usd/cad 103.72 ( just below today’s low in the futures of 96.20) Kiwi 72.15 ,  not that anyone is trading it, however it can telegraph some commodity weakness Wheat 701.4 Friday pit closes below these levels will put … Continue reading →

Full Moon Trading…. The operative question is “was yesterdays highs in the stocks,euro,silver,gold Yen futures,Aussie and Canada it for a while? Will it turn into something more than just a pressure release break from an overbought condition? It’s too early … Continue reading →

Euro..an old Chicago trader once said the hardest thing to do in trading is to let your winners run…I guess I am still learning that lesson…. Had I not taken profits yesterday I would today….Eur/yen is getting pricey short term … Continue reading →