Tag Archives: jjg
JJG…Trade Alert!
Buy JJG @ the market utilizing an intra day stop @ 49.80
A.M. Look 5/17/13
Spu’s & SDS….yesterday’s close is a perfect example of why I prefer to trade Futures Vs. ETF’s. The S&P 500 Futures closed above our break down level. With the Futures, since they trade 23.50 hours a day, you can wait … Continue reading
OIL…JJG…VIX W/VIX order adjustment ( Cancel Replace)
OIL…Not getting involved here, but you should know that today is an options expiration day causing the volatility. Grains are trying to pick up led by the Soybeans. 14.36 is near term resistance in the July Beans. I still think … Continue reading
A.M. Look 4/30/13
Soybeans (K)…$14.884 is monthly resistance. Only sustaining and closing over this level will lead to higher prices. Corn(July)…6.59 is pivotal. 6.74 the next resistance level. Closing over 6.83 will generate new momentum buying. CORN ETF…maintaining above keeps this instrument positive. … Continue reading
A.M. Look 3/22/13
Grains… Wheat…needs all new closing strength over 7.374 for higher Corn…we like to see Corn hold 729 to avoid any lower retests. As seen by looking at the Green mvg avg line, ( 200 day) is temporarily capping the rally. … Continue reading
Grains…JJG
Soybeans…these need recovery back over 1424 on a weekly chart to have put in a convincing low. Corn …is trading at the 200 day. This is trying to break out to the upside, however we still need a couple of … Continue reading
Food for Thought
JJG…is stuck…This instrument needs a close over 52.60 or under 51 for new direction. VIX…is coming into resistance. TBT…66.60 is trad able support CAT…today’s low is good for now, however this needs back over 90 to see more upside. AAPL…we’ve … Continue reading
A.M. Look 3/15/13
Euro…130.60 +- 10 pips is resistance. This could squeeze up close to 131 with out breaking out of it’s current formation. GBP/USD…151.00 is the short term pivot for Sterling. 151.66 is next resistance. USD/JPY…is caught between 95.70-75 and 96.50. Sustained … Continue reading
A.M. Look 1/24/13
Nasd 100…2705 becomes the key hold and closing level for the rest of the week. 2728 is today’s resistance. The major lower retrace Fibs & Avg’s come in at 2665-55. AAPL…the 460’s is the first fib from the 2008 low. … Continue reading
JJG_-_iPath_DJ-UBS_Grains_Subindex_TR_ETN_Daily.gif
Death Cross anybody? 54.83 is where the 50 and 200 day mvg avgs meet. Closing and maintaining above this level is price positive. This seems to be lining up with the 14.60 closing resistance in the March Beans.