Tag Archives: Commodities
A.M. Look 6/6/16
The Equity indices are grinding higher with the Equity/Bond spread running out of downside momentum. The Spu’s can grind up and run the short term pattern buy stops above 2105. I have no interest in shorting indices unless its at … Continue reading
The Contra Trend Running of the Lemmings
That’s 2 days in a row that the computers are creating a huge flow contra the early show just as London closes ( the absolute lowest volume time of the day). We will be using a day session 1353 buy stop in … Continue reading
JJG ETF
49.40 is the 200 day mvg avg in the JJG. We might not get into the better Fib zones which are lower. This trade could be a few weeks early but we have been waiting an awful long time to see … Continue reading
JJG ETF..Pattern Alert…Commodities…Metals…Risk Off
50.56 represents a double bottom on the weekly charts in the JJG ETF. If this level is given we expect to see 48.60 for a start. This is a price action look. You have to ask yourself if the destruction … Continue reading
A.M. Look 5/9/11
The commodities are all back with a vengeance since the opening bell last night. Trading should be viewed as technical for the next couple of weeks. Focus on buying any good “big break” where you can manage your downside. Keep … Continue reading
A.M. Look 4/11/11
Sometimes the best course of action is to watch. Our Bond trade is working, the stocks are a brutally hard trade with the Nasd continually failing at the 2350 level.In general all the commodities are very pricey. The one point … Continue reading