Stocks… Spu’s… 2054-57 (Unchanged on the year) will be the focus today into the close. This will be support. Resistance is into the low 80’s Nasd 100…4376-87 is mvg avg resistance/ 4336 is mvg avg support. Bonds … Bund…158.10 is … Continue reading
Stocks… Spu’s… could go as low as 2009-12 without doing any pattern damage on a disappointing payrolls #. DAX…9310 is today’s 50 DMA XLY…Consumer Discretionary will get up and go over 68.10. Both XLE & DIG look good to me … Continue reading
Wednesday is a Full Moon, which means there should be some big action mid week. Thursday is a major crop report. This is the one that is always a major market mover. For those of you that bought GDX, Keep … Continue reading
Welcome to unenjoyment…and for your added pleasure USDA Crop Report @ 11:00 CDT. Where’s Beeks when you really need him! AUD/JPY…97.76 is last months high( maintaining above is price positive). This will trade up or down with the Spu’s. EUR/JPY…maintaining … Continue reading
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
We are taking 2/3 rds of our JJG off at 59. CORN ETF… Take a piece off @ 48.60..if and when the JJG trades 59 you should be out of all remaining CORN positions SPM ( June S&P Futures) a close today … Continue reading
The crop report will be coming out tomorrow. The shorts appear to be on the run today. The Corn P&F sent Monday has not broken down. Wheat did not quite get to our optimal buy zone. Why am I going … Continue reading
Looks like the crop report came out a little early!!! The JJG having put in an outside reversal week to the downside last week,now has a potential weekly double bottom @ 51 matching the 13.50-60 level in the (H) Soybeans. As … Continue reading