Tag Archives: Grains
JJG Grains ETN Daily Chart
This fell of my radar earlier this a.m. with everything else going on. The corn is leading this ORH pattern. A close over 44.51 puts in an ORH day, which is a price positive pattern.
A.M. Look 5/10/12
Mid-Week Shuffle…”often violent contra-trend price action” I.E. if a market is trending lower, the market tries to save itself with with rallies to nowhere ( generally from a very oversold short term condition) which leads to pressure release of the … Continue reading
A.M. Look 3/2/12
Stock Indices…are the tail end of the dog. The trade is terrible with the same grinding action. We have a weekly swan dive that is short lived. The opportunity is in the underlying instruments. Seemingly, everyday the dance partners change … Continue reading
Grain Stops…Pattern Alert
We’ve got some descent gains in this sector we want to protect… We’re raising our JJG stop to “46 Stop Close”. AUD/USD…a close today under 107.30 AUD/USD (107.05 H Futures) is needed for an ORL day. This would be a … Continue reading
A.M. Look 2/29/12
LTRO was a big yawn… The commodity currencies are leading the crosses this A.M. USD/CAD…a close under 99.06 USD/CAD is needed for an ORL week. ( over 100.90 H Futures). 99.29 USD/CAD ( 100.69 H Futures) is where the 50 … Continue reading
Midday Missive….Grains…Bonds/TLT…Silver
Futures traders can buy any weakness in the Wheat or Corn against today’s low. THESE ORDERS ARE TRADER’S DISCRETION “DRT” 30 yr. Bonds…a close below 143.01 is needed for an ORL day. The better chart to watch is the TLT. … Continue reading
JJG…Trade Alert!
We will be starting a long position in this ETF on the close today.
Grains…Pattern Alert…JJG
Soybeans…$1291(H) is a big mvg avg line. Closing over 1292 is price positive.. Corn…a close over $6.40.6 puts in an ORH Day…a price positive pattern. Wheat…a close over $6.43.6 puts in an ORH day here as well… Confirmation of these … Continue reading
A.M. Look 1/23/12
The moves over the past couple of trading days have been run off SPU/BONDS and DAX/BUND. The sell off in the Bond markets have been keeping the equities buoyant. Watch the price action in the Bond markets for clues to … Continue reading