Tag Archives: Grains
A.M. Look 1/11/13
Spu’s…are back to last years high. Only a close in the equity indices under yesterday’s low would cause liquidation. By remaining firm after 12:30 CST we would expect another late day melt up into the close. Oil…92.75 is the weekly … Continue reading
Grain Names
MON…95.23 is the ORL # with stops below MOS…56.63 is the must hold level, otherwise you‘re looking at another buck down. POT…a close below 40.69 would be negative. ADM…has rejected the 200 day@ 28.63. Closing under 28.05 would be negative … Continue reading
A.M. Look 11/14/12
Spu’s…last night’s high was again the 200 day, which is acting like a magnet. 30 Yr….look for 150.15 to stop the Spu/Bonds on this wiggle the first time down. EUR/JPY…last night’s high was again the 200 day ( app 102.17), … Continue reading
Grains…W/ JJG Trade Alert!
Since eating is always in vogue, we’re looking at the Grains. Soybeans…are doing a 2 yr retrace, with $13.60 our preferred buy zone the first time down. Corn… is doing a a yearly retrace with $6.96 being the 200 day … Continue reading
A.M. Look 11/12/12
We’ll be out of office, traveling on business, form 8:30 CDT for the rest of the day. SPU/BONDS…are getting into that oversold area where the breaks can hold for a rebound as seen Friday. AUD/JPY…the weekly is breaking out of … Continue reading
A.M. Look 11/6/12
General Comments… Go vote!!… Model Trading Portfolio…………….. Stop Close Profit Points Long TBT 59.30 69 Long Spu 1455/75 Nov. call spread Profit areas have been hit. Investors should have reduced positions. Small core … Continue reading
A.M. Look 11/2/12
Today, being Unemployment, will put the metals back into focus. Gold…1662-75 which is around the 200 day is the lowest risk buy zone. This will be a price action trade for Day Traders. The early game will be to see … Continue reading
A.M. Look 10/19/12
Goog…673.50 is the monthly closing level to keep the pattern intact. There will be resting stops below with 666 next support followed by the big fib matches at 640-643. Natgas…as long as this holds the breaks above 3.45 we remain … Continue reading
A.M. Look 10/18/12
Spu’s…1457.25 will be the focus level the rest of the week. This is the ORH weekly #. Maintaining above will entice all new buying. Rejecting the level will start the lemmings to run. 30 yr…146.12 is an important hold level. … Continue reading
A.M. Look 10/15/12
Spu’s & Nasd…are both at short term resistance. The low 30’s in both should be problematic. AUD/JPY…80.65-70 is resistance EUR/JPY…102.12 is resistance Soybeans…our original statements from last month still hold in the Beans. Our full downside swing count for this … Continue reading