SO WHERE IS THE FED WHEN WE NEED THEM? The pressure of a disinflationary environment continues to get a tighter grip on the markets. Even those markets that lead the way and already had major ...
THE DOLLAR-GRAIN UPDATE :In Tuesday's Update I suggested that because of the difference technically with the grains today versus 2008, the likelihood of them selling off as they did in 2008 (if the ...
TRADE ALERTS:Buy May cocoa. Buy 24.11 stop. Protective stop 23.28 stop. Potential projection 26.00. Reasons for the Trade:1. On the monthly chart, cocoa continues to hold...
GRAIN COMMENTS: MAY CORN: I raised the stop to 651 and it was reached this morning. It did hold the 650 support. It reached the 150 ma yesterday and stopped. For the...
TRADE ALERTS: Buy May cocoa. Buy 23.88 stop. Protective stop 23.10. Potential projection 26.00. (Potential risk $780. Potential reward $2120). Margin: ...
100 DAY MOVING AVERAGE FOLLOW UP:Grains: As I pointed out in my last Update the 100 day ma can be a guide for market direction in a resource group. Since the bean complex rallied over that...
IS THE 100 DAY MA A GUIDE TO POTENTIAL TREND CHANGE?For most markets the 100 day ma can be a dominate factor in direction on the daily chart. The key to determine its influence is to see how it ...
TRADE ALERTS:Buy April cattle.Buy 131.30 stop. Protective stop 130.47. Potential projection 133.00. (Potential risk $332. Potential profit $680). Margin $1620.Reasons for the Trade:1. Both the monthly...
GRAIN COMMENTS:MAR CORN: Whatever was behind corn rallying over 9 cents today is beyond me. Technically the only explanation is that it reached the 20 day ma on both the weekly and monthly plus the ...
THE MAJOR PLAYERS: IS THE DOLLAR SELL-OFF & EUROFX RALLY OVER?In a mid January Update I pointed out that the eurocurrency had rallied over the 20 day ma on the daily chart while the dollar ...