Grains & TBT Follow Up…IBM

This is a Soybean and Corn show.

There is no break out in the Wheat until it closes over $7.

Our 1st tgt’s in the July Soybeans is 14.74 +- a couple.
This should line up with 51.50-60 ish in the JJG.

Our 2nd and final exit tgt is 15.00 + a couple
This would tgt 52.60 JJG as the final exit.

Nothing goes in a straight line. Take some profits at the above mentioned levels.
Trade to make Money!

TBT… has gone far enough for today. Short term traders can either take some money off the table or tighten up your Risk by raising your stop to 63.90.

IBM…has hit our first objective of 207 from the 187 low. Closing over this area 2 days projects a swing back to the yearly high and beyond.

This entry was posted in Archive and tagged , , , , , , . Bookmark the permalink.