Tag Archives: Wheat
A.M. Look 3/18/14
Stocks… Spu/Bonds…have two negative patterns that followed through to the downside, followed by yesterday’s positive formation which is now retesting the breakout. Be very patient to let the board play out today. Bonds 30 Yr. Bonds (H)….135.15 is resistance and … Continue reading
A.M. Look 3/13/14
Stocks… GOOG will be a huge market tell over the next week. It was the first bell weather tech to put in an ORL pattern, which the broader market belatedly followed. Yesterday’s low was not low enough @ 1184. 1178.50 … Continue reading
A.M. Look 3/5/14
Stocks… IYT…134.58 is resistance and the upside closing pivot. QCOM…sustained price action and a close over 76.75 is needed for a move to 83. DIS…81.59 will be pivotal the rest of the week. LNG…50.69 will be pivotal the rest of … Continue reading
A.M. Look 3/3/14
Stocks… Nasd 100…look for a test of 3635. Spu’s… staying under 1844-45 is price negative. 1815-18 is the first good buy zone. NFLX…put in an ORL day. 440, 432 are possible bounce levels. PCLN…put in an ORL day. This has … Continue reading
Midday Missive
Soybeans…macro sell stops are 12.71. It’s doubtful you’d see any price action under 12.40-50, which is qtrly support. Closing under that level later in the week would be Bearish. The Beans are putting in an ORL qtr with a close … Continue reading
Miday Missive… W/Grain Trade Alert!
The Gilts and the Bunds have been the better performing Bond markets over the past couple of days. This has manifested itself into value traders buying the Dax. Trade location is key. Market participants are using the 8000 level to … Continue reading
Oil…Risk Indicators
WTI…93.65 +-10 ticks is resistance. 94.60 is the least risky place to try a short. USD/JPY…we’ve been looking for the Yen to run the stops back under parity (100). Yen did this and I do not wish to trade around … Continue reading
A.M. Look 5/30/13
JJG…as long as this maintains above 51.40 this formation is positive. A close over 53 will lead to a rally towards 54.40. CORN (FUND)…this is a weekly trend line break out above 41.70 going back to last August. CN…(July Corn … Continue reading
A.M. look 5/23/13
Spu’s …1628-30 is the first fib. Rally’s into the 50 ‘s the first time up should be sold. Nasd 100…2960 followed…2887 is the best level to look for a bounce.. SPY…a close today below 166.50 would have us looking for … Continue reading