Tag Archives: jjg
JJG…ETN
The grain names have wood. We like this between 48-49, however this ETN has a nasty habit of leaving us at the altar. Closing back above 53 is positive.
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
Grains
Wheat..a close below 8.98 puts in an ORL day. CORN… 8.10 These are key support levels that have to hold to keep the rally intact! Closing below these levels will mean we’ve likely seen the highs for a while.
A.M. Look 8/10/12
http://www.usda.gov/wps/portal/usda/usdahome?navid=AGENCY_REPORTS Crop reports are this A.M. Spu…1402 is the macro closing upside pivot. Nasd 100…2715 ish is the macro closing pivot. 30 yr. Bonds…148.12 is the closing downside pivot. AUD/USD…105.72 is the macro closing upside pivot. AUD/JPY….83.25 is resistance…82.50 ish … Continue reading
A.M. Look 8/9/12
Spu…1402 is the macro closing upside pivot. Nasd 100…2715 ish is the macro closing pivot. 30 yr. Bonds…148.12 is the closing downside pivot. SPU/BONDS…94.40-50 is near term resistance AUD/USD…105.72 is the macro closing upside pivot. AUD/JPY….83.25 is resistance…82.50 ish is … Continue reading
The Grains have Blown Off!
There could be one more wiggle back up next week, however today’s price actions shows this should be it for a while.
A.M. Look 6/29/12
DE…a close over 78 puts in an ORH week CVX…104.65 for an ORH week Oil… 80.80-95 is resistance with buy stops above, with 82 ish being the next closing hurdle. Euro..126.20-30 is pivotal. CAD/JPY…put in a double bottom @ 76.60. … Continue reading
Gold & Silver…JJG
1545 is near term support in the Gold. The macro failure level is around 1525. Silver has elected the macro stops under 26.20. As long as there is no significant recovery over 26.50 this can go to 24.40. JJG…we’ll start … Continue reading