Tag Archives: Corn
A.M. Look 5/14/14
Stocks… IWM…110.10-50 is support and the no sell zone. This is the area where the shorts can get spit out the first time down. Nasd 100…needs to get under 3597 for any downside to materialize. A close under 3460 is … Continue reading
A.M. Look 4/2/14
Stocks… Spu’s…could trade into the mid to high 1890’s IYT…the long term buy stops are over 136.95. The market should pause @ 137.30-40, however holding above 137 generates much higher targets. NFLX…could easily rally back to 390. XLE…is in rally … Continue reading
A.M. Look 4/1/14
Stocks… Nasd 100…3593 is unchanged on the year. GOOG…1120.70 is the 2013 close. Matched up with yesterday’s close 1114.50,will become the macro pivot. DVN…has had an inside qtr (not going anywhere). Sustained price action above 66.92 could change that. GS…needs … Continue reading
A.M. Look 3/20/14
Stocks… Spu’s…(H) show a possible head & shoulders top on the daily chart. A close lower on the year ( below 1841) is needed to confirm the pattern. Nasd (H)…3661 is support and the downside pivot. Once below 3610 ( … Continue reading
A.M. Look 3/18/14
Stocks… Spu/Bonds…have two negative patterns that followed through to the downside, followed by yesterday’s positive formation which is now retesting the breakout. Be very patient to let the board play out today. Bonds 30 Yr. Bonds (H)….135.15 is resistance and … Continue reading
Midday Missive W/JJG Order
PCLN…a close over 1162 should elect a rally to just over 1200. I looked at the calls and they are pricing in a big rally. At first glance, there does not appear to be a cheap way to buy upside. … Continue reading
Midday Missive
Soybeans…macro sell stops are 12.71. It’s doubtful you’d see any price action under 12.40-50, which is qtrly support. Closing under that level later in the week would be Bearish. The Beans are putting in an ORL qtr with a close … Continue reading
A.M. Look 8/26/13
Stocks.. JJG…looks to test 47.90. Closing over 48.30 will start another leg up. TBT…78.78 is next fib support. The match it up with the 30 yr. levels. EWZ…sustaining and closing over 43.90 resistance, will lead to further gains. IYT…116.00 is … Continue reading
Miday Missive… W/Grain Trade Alert!
The Gilts and the Bunds have been the better performing Bond markets over the past couple of days. This has manifested itself into value traders buying the Dax. Trade location is key. Market participants are using the 8000 level to … Continue reading
A.M. Look 6/3/13
Grains… Soybeans are leading this rally as they led the first wave up 2 weeks ago. Corn is still at resistance, however we expect this to give way to a rally to just over $7. JJG…will be a good way … Continue reading