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 time to let the price action dictate possible trend changes.

Just to refresh your memory banks, Charles Nenner put out a buy recommendation

the first week of Nov. 2008 for Apple @ 80. The low was Nov.21 @ 79.21.

Historically it can be a very big week. Volumes will be thin and price action can be exaggerated.

If we indeed get the expected Santa Claus rally that virtually everyone is looking for, this is as good a time as any to be mindful of bottoming price action.

We are currently long some Emerging Market exposure, the SMH, Short Yen (long Usd/Jpy)

with a small long SDS hedge against the present portfolio with a tight stop. I.E. Short U.S./ Long Asia

The timing going into next week shows the possibility of some lows including the miners

such as Newmont. A close today over 61 in Newmont would likely signal we’ve seen a good low.

A close over 61 would put in an outside reversal daily higher pattern which is price positive.

Our wish list….

Scale into a long Gold position starting around the 1300 level down to the 1280 area.

The commensurate level in the GLD ETF is app 126.50-125.50.

Buy the Jan Soybeans near the 11.40 area along with the JJG

app 43.50-42.50

To do List..

30 year U.S. Bonds…Sell new closing weakness under 125.18 or strength at the 129.08-130 level.

Buy TBT either scenario.