Tag Archives: Grains

JPMorgan_Chase_&_Co_Weekly.gif & Grains

Posted on 09/24/2012

We like the BKX as well as the low today in JPM.. They both have similar patterns. This is a trad able low with a potential weekly double bottom. The stop is 40.55 for those adding risk. Grains… You should … Continue reading →

A.M. look 9/24/12

Posted on 09/24/2012

Euro…128.28 is the 200 day mvg avg. AUD/USD…103.78 followed by 103.40 is the near term support 30 yr. Bonds…148.16 resistance Oil… 91.44 close is the downside pivot General Comments… We’ve seen a small sell off in risk assets, coupled with … Continue reading →

ZSE_-_Soybeans_(Globex)_Daily_Continuation.gif

Posted on 09/20/2012

Soybeans…are putting in an ORL day. 16.02 is the monthly 9/28 closing level for an ORL month. We are in no hurry to get back into the Grains.

A.M. Look 9/20/12

Posted on 09/20/2012

USD/JPY…79.22 will be our macro pivot. ( App 126.40 Futures). Look for this level to run the Yen crosses against the Commodity Currencies. Use the crosses as the general risk tools they’ve been all year. CAD/JPY…AUD/JPY up, it’s Risk On. … Continue reading →

A.M. Look 9/19/20

Posted on 09/19/2012

Soybeans (X)…closes below 1640 will lead to another swing down. Above 16.70 we’ll see some more strength Wheat…9 dollars will be pivotal. Corn…7.60 will be pivotal. Equity Indices…Futures expire tomorrow. We are in wait and see mode. 30 Yr. Bonds…need … Continue reading →

A.M. Look 9/14/12

Posted on 09/14/2012

AAPL…a close today over 682.48 is needed for an ORH week. Euro…is trying to complete the first major Fib swing on a 2 year look @ 131.50. GBP/USD…stops are over 163.05 tgting 164.20. EUR/JPY…102.54-86 CAD/JPY…sustaining and closing over 80.86 should … Continue reading →

A.M. Look 9/12/12

Posted on 09/12/2012

EWZ…55.90-56.09 is first resistance with stops above. 56.80 is first yearly fib resistance. Closing above will tgt 58. XCO…we’re looking to take some money off the table over $8. 8.25-30 is a good spot to sell 70% of your position. … Continue reading →

A.M. Look 9/11/12

Posted on 09/11/2012

Natgas…put in an ORH day yesterday. The Daily Pit chart shows 2.90 as a big mvg avg cross. Sustaining and closing above this level will lead to higher prices. AUD/USD…is caught between 103.25 and 104.15-25. AUD/JPY…80.69-62 is an important hold … Continue reading →

A.M. Look 9/10/12

Posted on 09/10/2012

Silver…33.30 was last qtr’s high, by remaining over ( or holding the breaks to 33.30) keeps Silver from having a deeper re-trace. This will be a descent short term pivot. Gold…just an observation about the RSI’s on a Qtrly chart. … Continue reading →

A.M. Look 9/6/12

Posted on 09/06/2012

Copper…is poking it’s head up with an ORH day yesterday. Looking back at the cloud you couldn’t of had a better low to hold @ 340 ish. 355 is the first third coming back on a yearly swing with 360 … Continue reading →